[ANN] Sia - Decentralized Storage

[Taek]

We've now got an irc channel on freenode: #siatalk

[brooklynbtc]

why not a slack?

[grandpa_seth]

Slack good me agree.

Tanks for the siafund database. I can haz confirms my info. I ams the relief and happys.

[PTseller]

We've now got an irc channel on freenode: #siatalk

Hi Dev Slack is good and easy to operate from mobile and desktop. Hope you make Sia Slack Group because it is more user friendly and most of the investor now prefer slack only Btw keep doing hard work i'm just waiting for good announcement. Cheers!

[Taek]

Slack good me agree.

why not a slack?

Hi Dev Slack is good and easy to operate from mobile and desktop. Hope you make Sia Slack Group because it is more user friendly and most of the investor now prefer slack only Btw keep doing hard work i'm just waiting for good announcement. Cheers!

It looks like slack is invite only, which is a huge PITA and not very scalable. IRC channels are public.

I've made a slack at siatalk.slack.com, send me your email and I'll invite you. If you have any idea how to make a slack public, that would be a lot easier on us.

unrelated: I also updated the github readme and siacoin site.

[chrysophylax]

Slack good me agree.

why not a slack?

Hi Dev Slack is good and easy to operate from mobile and desktop. Hope you make Sia Slack Group because it is more user friendly and most of the investor now prefer slack only Btw keep doing hard work i'm just waiting for good announcement. Cheers!

It looks like slack is invite only, which is a huge PITA and not very scalable. IRC channels are public.

I've made a slack at siatalk.slack.com, send me your email and I'll invite you. If you have any idea how to make a slack public, that would be a lot easier on us.

unrelated: I also updated the github readme and siacoin site.

my email is in the sig - but have no experience with slack ...

would like to see if you dont mind ...

crysx@gnxs.com ...

#crysx

[Taek]

https://github.com/secworks/blake2

This is an fpga implementation of the Siacoin mining algorithm. Props to cyrozap for finding it.

Cyrozap also said he made some modifications and is running it on an fpga right now. He plans to open source these modifications, but I'm not sure what the timeline is on that.

[Taek]

http://rauchg.com/slackin/     Compliments of noashh from the SuperNET Slack.

That makes life very easy. Here's the signup link: siatalk-slackin.herokuapp.com/

[Tobo]

Seagate saw the potentials of the blockchain technology - http://www.coindesk.com/seagate-ripple-investment-shows-were-serious-about-blockchain-tech/

[Taek]

Seagate saw the potentials of the blockchain technology - http://www.coindesk.com/seagate-ripple-investment-shows-were-serious-about-blockchain-tech/

Apparently Ripple also just did a $28m seed round, which is pretty incredible, especially considering that their valuation has tanked recently.

It's good to see the Seagate is interested in Blockchains. Often times when one big company switches technologies, the others feel a lot of pressure to do the same. That could end up being very beneficial for Sia.

[msin]

Seagate saw the potentials of the blockchain technology - http://www.coindesk.com/seagate-ripple-investment-shows-were-serious-about-blockchain-tech/

Apparently Ripple also just did a $28m seed round, which is pretty incredible, especially considering that their valuation has tanked recently.

It's good to see the Seagate is interested in Blockchains. Often times when one big company switches technologies, the others feel a lot of pressure to do the same. That could end up being very beneficial for Sia.

I think what many people fail to see in regards to Ripple is that companies like Seagate aren't interested in using Ripple or XRP, but rather using the Ripple protocol for their own internal private blockchain.  Basically a clone of Ripple that is maintained and updated by Ripple Labs.  Ripple clone is fast and easy for a private centralized solution.  A lot of people think that Seagate will be buying and using XRP, which is so far from the truth.  Sidechains is trying to offer a similar solution whereas companies can have their own private (bitcoin clone) blockchains but with the huge advantage of pegging/communicating with the masterchain (bitcoin) which would be a huge in my opinion.

I like Sia because it's offering a new and unique solution in the crypto market, not just another "coin" with promises.

[Taek]

I think what many people fail to see in regards to Ripple is that companies like Seagate aren't interested in using Ripple or XRP, but rather using the Ripple protocol for their own internal private blockchain.

Why do you need an internal blockchain if you can already leverage centralization? Presumably Seagate trusts their own servers.

[Makezzila]

Any news?

[diks]

Any news?

yes strange

Name:    Taek
Last Active:    Today at 08:16:55 AM

[Tobo]

Any news?

Everyone should sign up Sia on Slack where one can see more update - https://siatalk.slack.com/messages/general/

[msin]

I think what many people fail to see in regards to Ripple is that companies like Seagate aren't interested in using Ripple or XRP, but rather using the Ripple protocol for their own internal private blockchain.

Why do you need an internal blockchain if you can already leverage centralization? Presumably Seagate trusts their own servers.

Because they would rather host their own ledger than use Ripple's centralized ledger.  Why they are actually wanting to use a blockchain is beyond me.

[Taek]

Any news?

BTT has been down for a few days but we've been working.

We've got a new set of releases. Larger files should work better now, but we've set a cap at 500mb for the time being. We'll be able to do much larger files in the coming months. https://github.com/NebulousLabs/Sia-UI/releases/tag/v0.3.2-beta

File time is still kept at 1000 blocks, which is about a week. We'll be raising that to 4320 blocks (~30 days) on June 7th.

=======

This may be controversial but on June 7th we might be releasing with a block time of 30 minutes instead of 10 minutes, and a block size of 5mb instead of 1mb. As much as altcoins like to try and reduce the block time, most of the attacks against slow blocktimes are still moderately viable at 10 minutes. This is of course still true at 30 minutes but the impact is much reduced. We're going to have a network of payment channels that will make most payments instant, which means the biggest place that 30 minute blocks comes to play is when you first join the network. Getting established will now take 90-150 minutes minutes instead of 30-60.

We'll adjust the block rewards to keep the same inflation rate, and a few other of the variables related to time (difficulty adjustment, etc.)

=======

We've also added a bunch of social media links to the website: www.siacoin.com

twitter, facebook, slack, a newsletter, and github.

Let us know what you think of the updated UI - several bugs have been removed.

[Makezzila]

So i see some problems in this sistem.
1. Very large block regard = 300 000 coin. This volume of the got coins in the first month will be simply huge that will bring to that that the course at the exchange will fall below than 1 Satoshi per a 1 coin (0.00000001 BTC) and the auction will be held for other coin, for example for Dashcoin or Litecoin- that will negatively affect reputation of a koin as it can't be bought at other exchanges where there is no dashcoin or litecoin. Need change regard per block to 30000 coins( 1st block), 29999,9 (2nd block), 29999,8 (3th block)
2. Time to block is 30 minutes with time to check difficulty= 2016 block, its very seriosly. Because of that that the mining on GPU will be available right after start of a coin, time of recalculation of complexity in 6 weeks can lead to effect of "rocking of the boat". If to look at a mining at a PROTOSHARES that the network very seriously suffered because of that that time of recalculation of complexity made 2 weeks, and miners on videocards in large quantities left a network when it became not so favorable to maynit a coin. As a result recalculation of complexity instead of 2 weeks lasted for 5 months (since the end of April, 2014 prior to the beginning of October, 2014). As the course of a coin influences number of capacities in a network in the most direct way, it is necessary to make complexity recalculation every day, well a maximum of times in 3 days.
3. Where be available software to GPU mining?

[Taek]

So i see some problems in this sistem.

1. Very large block regard = 300 000 coin. This volume of the got coins in the first month will be simply huge that will bring to that that the course at the exchange will fall below than 1 Satoshi per a 1 coin (0.00000001 BTC) and the auction will be held for other coin, for example for Dashcoin or Litecoin- that will negatively affect reputation of a koin as it can't be bought at other exchanges where there is no dashcoin or litecoin. Need change regard per block to 30000 coins( 1st block), 29999,9 (2nd block), 29999,8 (3th block)

There's no reason you couldn't just trade multiple siacoins per satoshi. I do not believe that the price will fall below 1 satoshi per coin, but even if it did that would not stop you from trading bitcoins for siacoins.

Additionally, with the 30 minute block time, the block reward would be changed from 300k per block to 100k per block, and blocks would be 1/3 as frequent - a total of 1/9 the current coin volume.

2. Time to block is 30 minutes with time to check difficulty= 2016 block, its very seriosly. Because of that that the mining on GPU will be available right after start of a coin, time of recalculation of complexity in 6 weeks can lead to effect of "rocking of the boat". If to look at a mining at a PROTOSHARES that the network very seriously suffered because of that that time of recalculation of complexity made 2 weeks, and miners on videocards in large quantities left a network when it became not so favorable to maynit a coin. As a result recalculation of complexity instead of 2 weeks lasted for 5 months (since the end of April, 2014 prior to the beginning of October, 2014). As the course of a coin influences number of capacities in a network in the most direct way, it is necessary to make complexity recalculation every day, well a maximum of times in 3 days.

We don't retarget the difficulty every 2016 blocks, we retarget the difficulty every block, and after the adjustment to 30 minute blocks, that would mean every 672 blocks. Because we adjust the difficulty every block, we would not have to worry about a 5 month difficulty adjustment cycle. There is still a clamp on how much the difficulty can change per block, but it's flexible enough to let the difficulty change by ~7x every 2 weeks.

3. Where be available software to GPU mining?

We're working on an implementation now, there should be one available by June 7th, the launch date of our coin.

[Makezzila]

11) Proof Of Stake - Needs: Redesign to Include PeerCoin's Interest Stake System

No! Here after block 270000 reward doesn't decrease