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Author Topic: [ANN] Sia - Decentralized Storage  (Read 1343871 times)
bribed
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December 04, 2017, 11:52:52 AM
 #6741

Awesome to see Siacoin recovering from 50 sats, but as many of us also did, I bought in at 600 sats, indeed the BTC price was 5-6K back than but it will take some time to recover my investment, will hold a little bit more.
Anyone knows what are the news?

I feel you! I myself bought between 300 and 400 sats, but initial investment has almost diminished compared to the prices now. I will also just keep bagholding and hoping that my initial investment somehow manages to recover. People should get in SIA now, its really a bargain.
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December 04, 2017, 12:09:40 PM
 #6742

Hello everyone, I'm new, tell me about the platform?

siacoin is not a coin>.> it's a anonymous distributed data storage system :-D weeee


https://poloniex.com/exchange#btc_sc

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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December 04, 2017, 12:13:18 PM
 #6743

threw some pennies on it at 45sat...excited about new ath! dont forget to sell then if u dont wanna baghold..btw i like the sia idea..purchase your obelisk sc1 to secure the network! greetings!
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December 04, 2017, 12:35:40 PM
 #6744

threw some pennies on it at 45sat...excited about new ath! dont forget to sell then if u dont wanna baghold..btw i like the sia idea..purchase your obelisk sc1 to secure the network! greetings!

ordering like ten of these obelixk asics the profit is going to be big mining this :-D weeee

https://poloniex.com/exchange#btc_sc

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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December 04, 2017, 01:26:19 PM
 #6745

threw some pennies on it at 45sat...excited about new ath! dont forget to sell then if u dont wanna baghold..btw i like the sia idea..purchase your obelisk sc1 to secure the network! greetings!

ordering like ten of these obelixk asics the profit is going to be big mining this :-D weeee

https://poloniex.com/exchange#btc_sc
i only hope they wont do i like bitmain...
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December 04, 2017, 01:32:38 PM
 #6746

threw some pennies on it at 45sat...excited about new ath! dont forget to sell then if u dont wanna baghold..btw i like the sia idea..purchase your obelisk sc1 to secure the network! greetings!

ordering like ten of these obelixk asics the profit is going to be big mining this :-D weeee

https://poloniex.com/exchange#btc_sc
i only hope they wont do i like bitmain...

no i think it's the dash people..this siacoin is going to have a new asics and rasperi pie nodes :-D watch this space this is the fastest wallets anonymous immutable wallets Wink

https://poloniex.com/exchange#btc_sc

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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December 04, 2017, 02:36:07 PM
 #6747

SC: 100 sat. ; market cap 1900 BTC (poloniex)

market cap Poloniex average: 4000BTC

SC will reach 200 sat.

happy earnings Cheesy Cheesy
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December 04, 2017, 02:44:43 PM
 #6748

SC: 100 sat. ; market cap 1900 BTC (poloniex)

market cap Poloniex average: 4000BTC

SC will reach 200 sat.

happy earnings Cheesy Cheesy

SIACOIN is not a coin >.>it's more like the future of distributed anonymous media :-D weeee


https://poloniex.com/exchange#btc_sc

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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December 04, 2017, 02:50:01 PM
 #6749

and do you encrypting, guyz?
rattle99
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December 04, 2017, 02:52:27 PM
 #6750

Did we have a planned pump today?

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December 04, 2017, 03:00:48 PM
 #6751

Hello everyone, I'm new, tell me about the platform?

Check the wiki: https://siawiki.tech/index

A good article to start is: https://siawiki.tech/about/introduction_to_sia

and do you encrypting, guyz?

All the data uploaded to the Sia network is encrypted by the TwoFish algorithm, considered one of the safest available.

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December 04, 2017, 03:11:50 PM
 #6752

The Sia pump happened today is really impressive. It is like that of Nxt which had been pumped hard for two weeks.
Is there some particular reason for this pump?
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December 04, 2017, 03:21:45 PM
 #6753

Sia would be good when they should release their products and keep it working well in 2018
Price very good for long term now
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December 04, 2017, 03:26:17 PM
 #6754

The Sia pump happened today is really impressive. It is like that of Nxt which had been pumped hard for two weeks.
Is there some particular reason for this pump?

In my modest opinion, it is due to the incoming hardfork at block 135000 (in about 2-3 days):

- The hardfork news are giving a lot of visibility to Sia. Unfortunately most of the traders that move the markets do not read accurate sources of information and believed for several months the project was dying (totally false, the development has not stopped at any time and we had very good news in the last months). So more exposure in the social media lead to people read about Sia.

- A lot of traders have the miss-conception that the hardfork will drive to the creation of 2 coins in a similar was as Bitcoin Cash fork, so they are buying SC ahead of the fork. This is totally incorrect and people need to understand that this hardork will not create two coins: It is network upgrade that will make old client versions incompatible with the new rules of the blockchain. All users, miners and exchanges are going to use the new blockchain rules, and so the legacy chain will be abandoned. The Siacoin we will all use is the new one, and the legacy Siacoin will not be listed on any exchange, as no miners will mine for it, no users will use it.
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December 04, 2017, 03:36:44 PM
 #6755

So for a newbie here, Do we need to do anything with our Siacoin? Or just continue to hold?
TraderInc
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December 04, 2017, 03:45:37 PM
 #6756

Sia has taken off recently.
Were any new exchanges added recently ?
This was quiet surprising
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December 04, 2017, 03:47:49 PM
 #6757

The Sia pump happened today is really impressive. It is like that of Nxt which had been pumped hard for two weeks.
Is there some particular reason for this pump?

In my modest opinion, it is due to the incoming hardfork at block 135000 (in about 2-3 days):

- The hardfork news are giving a lot of visibility to Sia. Unfortunately most of the traders that move the markets do not read accurate sources of information and believed for several months the project was dying (totally false, the development has not stopped at any time and we had very good news in the last months). So more exposure in the social media lead to people read about Sia.

- A lot of traders have the miss-conception that the hardfork will drive to the creation of 2 coins in a similar was as Bitcoin Cash fork, so they are buying SC ahead of the fork. This is totally incorrect and people need to understand that this hardork will not create two coins: It is network upgrade that will make old client versions incompatible with the new rules of the blockchain. All users, miners and exchanges are going to use the new blockchain rules, and so the legacy chain will be abandoned. The Siacoin we will all use is the new one, and the legacy Siacoin will not be listed on any exchange, as no miners will mine for it, no users will use it.

Thanks for the Clarification.
Is there a expected date for the hard fork ?
seek4dream
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December 04, 2017, 03:54:31 PM
 #6758

The Sia pump happened today is really impressive. It is like that of Nxt which had been pumped hard for two weeks.
Is there some particular reason for this pump?

In my modest opinion, it is due to the incoming hardfork at block 135000 (in about 2-3 days):

- The hardfork news are giving a lot of visibility to Sia. Unfortunately most of the traders that move the markets do not read accurate sources of information and believed for several months the project was dying (totally false, the development has not stopped at any time and we had very good news in the last months). So more exposure in the social media lead to people read about Sia.

- A lot of traders have the miss-conception that the hardfork will drive to the creation of 2 coins in a similar was as Bitcoin Cash fork, so they are buying SC ahead of the fork. This is totally incorrect and people need to understand that this hardork will not create two coins: It is network upgrade that will make old client versions incompatible with the new rules of the blockchain. All users, miners and exchanges are going to use the new blockchain rules, and so the legacy chain will be abandoned. The Siacoin we will all use is the new one, and the legacy Siacoin will not be listed on any exchange, as no miners will mine for it, no users will use it.
Thanks for this explanation. It helped a lot.
So basically Sia was much undervalued in the past months, so when people found they are totally wrong, correction happens.
I hope I knew this earlier.
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December 04, 2017, 04:00:03 PM
 #6759

I have heard that sia is planning to launch its own campaign, what about the original concept, i mean the cloud storage services should be developed and be a success before launching a new project.

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December 04, 2017, 04:04:41 PM
 #6760

In my modest opinion, it is due to the incoming hardfork at block 135000 (in about 2-3 days):

- The hardfork news are giving a lot of visibility to Sia. Unfortunately most of the traders that move the markets do not read accurate sources of information and believed for several months the project was dying (totally false, the development has not stopped at any time and we had very good news in the last months). So more exposure in the social media lead to people read about Sia.

- A lot of traders have the miss-conception that the hardfork will drive to the creation of 2 coins in a similar was as Bitcoin Cash fork, so they are buying SC ahead of the fork. This is totally incorrect and people need to understand that this hardork will not create two coins: It is network upgrade that will make old client versions incompatible with the new rules of the blockchain. All users, miners and exchanges are going to use the new blockchain rules, and so the legacy chain will be abandoned. The Siacoin we will all use is the new one, and the legacy Siacoin will not be listed on any exchange, as no miners will mine for it, no users will use it.

Thanks for the Clarification.
Is there a expected date for the hard fork ?

It will be at block 135000 and we are currently at block 134679 (you can check the current block at https://www.siastats.info/index.html). Block time average is 10 minutes, so the hardfork is expected in 53 hours

So for a newbie here, Do we need to do anything with our Siacoin? Or just continue to hold?

If you are holding your coins in the official client, just be sure you are using the version 1.3.0. If it is an earlier version, just update. If not, you'll simply will not be able to see updated balances on your wallet, as you will not accept new blocks. However you'll always control your funds as long as you keep your recovery seed, so you can update at any moment in the future to send those coins anywhere else.

If you are holding on a exchange, it is safe to assume all the big ones are running an updated version of Sia, so they will keep operating normally (the compatible version was released 6 months ago!). However, as you probably know, holding your funds long-term on an exchange is a horrible idea as you don't control the keys of your coins, and so the exchanges can crash, can be hacked, can run away with your money, and you'll lose everything. For any coin you have, the safest place is always the official client (or a hardware wallet if the coins has one available, not the case of Sia), so you'll always control the keys that give access to the funds.

I have heard that sia is planning to launch its own campaign, what about the original concept, i mean the cloud storage services should be developed and be a success before launching a new project.
As far as we are aware, the developing company (Nebulous) does not have any other project they are preparing. Nebulous also owns a subsidiary called Obelisk that is developing ASIC miners, but the team behind it is different from the team developing SIa (with the exception of the CEO and the PR)
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