[ANN] Sia - Decentralized Storage

[l8orre]

 (Of course, Vanillacoin caught my eye at one point too so don't get too flattered - I'm secretly an idiot)

I only became aware of VNL 1 or 2 days ago- is there anything special about it?
The name at least makes it sound like one of many silly shitcoins.

What's your take on VNL?

[1715476227]

1715476227

[1715476227]

1715476227

[1715476227]

1715476227

[1715476227]

1715476227

[1715476227]

1715476227

[1715476227]

1715476227

[americanpegasus]

What's your take on VNL?

 
 
It's a scam with a provably corrupt distribution and a laughably jumbled zombie-rex codebase, stolen from other projects. 
 
Stay away and don't even waste your precious time looking into it. 


On the other hand, I'm hoping Sia will prove to be the exact opposite of that, but I'm hard to convince.  Still, I want to give it a fair shake and appraisal.  Thanks belong to one of your mods for visiting /r/monero (the home of our privacy-centric currency) and spending a few minutes pitching it to us: https://www.reddit.com/r/Monero/comments/45u6gs/what_other_cryptoprojects_should_we_be_taking/d00cczl 
 

[bitspill]

Can someone show me a chart showing the issuance of Sia over time?  How many exist now and how many will exist after the initial issue?  And you appear to have a perpetual block reward?  That is smart.  
  
So a motivated miner could conceivably mine for their own permanent storage on the network at any given time?  
  
You've got my attention Sia, and that's not easy to do.  I'll be keeping an eye on you.  (Of course, Vanillacoin caught my eye at one point too so don't get too flattered - I'm secretly an idiot)

The block reward started at 300k with the first block and is (300k-height, it drops by 1 coin every new block) until block 270,000 when it then levels off at 30k for eternity.

Here's an old spreadsheet of block rewards to a graph, it's a little slow in the browser though. https://docs.google.com/spreadsheets/d/15-SZfDFbw1N3sXtlBVOwm015GYtM3aqdJbSsPZWmY0w/edit?usp=sharing

[americanpegasus]

The block reward started at 300k with the first block and is (300k-height, it drops by 1 coin every new block) until block 270,000 when it then levels off at 30k for eternity.

Here's an old spreadsheet of block rewards to a graph, it's a little slow in the browser though. https://docs.google.com/spreadsheets/d/15-SZfDFbw1N3sXtlBVOwm015GYtM3aqdJbSsPZWmY0w/edit?usp=sharing

So according to that, in July 2020 there will be approximately 45 billion Sia in 'circulation'?  Just curious how much one would have to own to have a significant stake in the Sia network.  Thank you for the very informative spreadsheet.

[in-cred-u-lous]

Can someone show me a chart showing the issuance of Sia over time?  How many exist now and how many will exist after the initial issue?  And you appear to have a perpetual block reward?  That is smart.  

Impromptu prepared block reward and net coin supply charts here: http://imgur.com/a/OocoU

Correct, perpetual block reward: 30,000 Siacoins after block 270,000.

Added in edit:

So a motivated miner could conceivably mine for their own permanent storage on the network at any given time?  

Correct. The other way to acquire Siacoins, besides mining or buying, is to rent out storage space: you set your own price minus a 3.9% tax that goes to Siafund holders (10,000 Siafunds issued; devs/founders possess about 9,000 of those, and ~1,000 were distributed in a crowd-sale to fund initial development).

[bitspill]

The block reward started at 300k with the first block and is (300k-height, it drops by 1 coin every new block) until block 270,000 when it then levels off at 30k for eternity.

Here's an old spreadsheet of block rewards to a graph, it's a little slow in the browser though. https://docs.google.com/spreadsheets/d/15-SZfDFbw1N3sXtlBVOwm015GYtM3aqdJbSsPZWmY0w/edit?usp=sharing

So according to that, in July 2020 there will be approximately 45 billion Sia in 'circulation'?  Just curious how much one would have to own to have a significant stake in the Sia network.  Thank you for the very informative spreadsheet.

The dates on that spreadsheet are already a little off (we are ~6k blocks behind the theoretical schedule) but yea, there is going to be a lot of coins. Current circulation is ~10.47 billion. http://explore.sia.tech/

[l8orre]

What's your take on VNL?

 
  
It's a scam with a provably corrupt distribution and a laughably jumbled zombie-rex codebase, stolen from other projects.  
  
Stay away and don't even waste your precious time looking into it.  
 

hahahahaha!!!   Thanks! I sort of suspected this! Just goes to show how stupid and immature crypto markets still are!
I wonder if this is all pump or if there are still suckers around that fall for such crap!

[ffmad]

On the other hand, I'm hoping Sia will prove to be the exact opposite of that, but I'm hard to convince.  Still, I want to give it a fair shake and appraisal.  Thanks belong to one of your mods for visiting /r/monero (the home of our privacy-centric currency) and spending a few minutes pitching it to us: https://www.reddit.com/r/Monero/comments/45u6gs/what_other_cryptoprojects_should_we_be_taking/d00cczl 

The best way to have confidence in this project is to read what Taek says about it and look at their constant work

The recent talk between Taek and Shawn from storj is a really interesting one to read : http://forum.sia.tech/topic/21/sia-vs-storj-vs-maidsafe/10

[tomahawkeer]

It's nice to see the price going up on SC, and somewhat holding well above the single digit satashi it had been at for so long. Hopefully they get an upgraded wallet out soon, and it makes the price go up more!

[Taek]

It's nice to see the price going up on SC, and somewhat holding well above the single digit satashi it had been at for so long. Hopefully they get an upgraded wallet out soon, and it makes the price go up more!

Working on it 

I'm seeing a lot of questions here, but the material is too dense for me to follow and I'm not sure what's been addressed and what hasn't. You are more likely to get your question answered if you post on the forum: https://forum.sia.tech - the major reason is that we can spread things out by topic, instead of having this constant stream where things are getting asked and answered many times but continually buried underneath all the new posts.

[ffmad]

It's nice to see the price going up on SC, and somewhat holding well above the single digit satashi it had been at for so long. Hopefully they get an upgraded wallet out soon, and it makes the price go up more!

Working on it 

I'm seeing a lot of questions here, but the material is too dense for me to follow and I'm not sure what's been addressed and what hasn't. You are more likely to get your question answered if you post on the forum: https://forum.sia.tech - the major reason is that we can spread things out by topic, instead of having this constant stream where things are getting asked and answered many times but continually buried underneath all the new posts.

Bitcointalk threads are by essence "announce only" threads, it's only logical that discussions take place on the forum or slack (and you keep the bitcointalk thread for updates)

[in-cred-u-lous]

It's nice to see the price going up on SC, and somewhat holding well above the single digit satashi it had been at for so long. Hopefully they get an upgraded wallet out soon, and it makes the price go up more!

Working on it 

I'm seeing a lot of questions here, but the material is too dense for me to follow and I'm not sure what's been addressed and what hasn't. You are more likely to get your question answered if you post on the forum: https://forum.sia.tech - the major reason is that we can spread things out by topic, instead of having this constant stream where things are getting asked and answered many times but continually buried underneath all the new posts.

Bitcointalk threads are by essence "announce only" threads, it's only logical that discussions take place on the forum or slack (and you keep the bitcointalk thread for updates)

We should all direct people to either the Forum (preferable) or Slack.

[ttx]

Trading volumes declined.
What do you think, what will be the course in March?

[komdo]

need help. which version of wallet should i use? ty

[elli123]

Trading volumes declined.
What do you think, what will be the course in March?

I am not an expert., unfortunately. But with the new release and maybe some new money put in the company....i expect a big boom in March!

[akaman]

Trading volumes declined.
What do you think, what will be the course in March?

Up, up and UP!

[bitcoinwonders010]

trying to join slack but dont get that email invite

[cryptohunter2]

how much can you earn per day with if you always bid low to get usage on your machines?

10 laptops i5 8 gig ram attaching 5TB external drive to each with only 6MBs upload total speed?

how much resources you need really on each laptop...how about 4gigs ram?

[l8orre]

trying to join slack but dont get that email invite

confirmed. I don't get the invite either ...

[cryptohunter2]

every community that moves off here to slack only mostly dies.