[ANN] Sia - Decentralized Storage

[Zer0p0inT]

Very disappointing. The DEVs have expressed their opinion against strong coin value. I think that's pretty much it. Made a loss on mining set up. Even losing on electirictiy cost.

Sell and move on then. We don't need any weak hand cry babies here. You lose a few pennies and crying. This coin isn't for you then move on!

More importantly - the devs didn't say anything like that at all.

Yes they did although not in those words, join their slack and ask for yourself. Another team with 0 business savvy or theyre playing dumb and accumulating/ playing whale games. I heard they are harvard/mit grads, so they cant be that dumb.

[Nashamoto]

Any progress on upgrading the block explorer so it can search address balances?
Thanks

[erichall]

Very disappointing. The DEVs have expressed their opinion against strong coin value. I think that's pretty much it. Made a loss on mining set up. Even losing on electirictiy cost.

Sell and move on then. We don't need any weak hand cry babies here. You lose a few pennies and crying. This coin isn't for you then move on!

More importantly - the devs didn't say anything like that at all.

Yes they did although not in those words, join their slack and ask for yourself. Another team with 0 business savvy or theyre playing dumb and accumulating/ playing whale games. I heard they are harvard/mit grads, so they cant be that dumb.

What did they say exactly?

[versprichnix]

... I heard they are harvard/mit grads, so they cant be that dumb.

The economic correlation is, the more elite, the more dumb. The most dumb of them are collected in companies like Goldman Sachs (they need them as thiefes). But it is even possible to find much more dull people compared to the elites - you find them here in this forum, and in troll boxes (they reproduce the speculations of elites without qualms).

[Zer0p0inT]

What did they say exactly?

They said something along the lines of not caring about the prices and marketing and want to focus on development. Prices aren't a priority and they do not want to create hype. What traders want to do with the coin is up to them. Go to their slack channel and get the word straight from the horses mouth.

... I heard they are harvard/mit grads, so they cant be that dumb.

The economic correlation is, the more elite, the more dumb. The most dumb of them are collected in companies like Goldman Sachs (they need them as thiefes). But it is even possible to find much more dull people compared to the elites - you find them here in this forum, and in troll boxes (they reproduce the speculations of elites without qualms).

Very well said sir.

[olio666]

Sometimes I forget about Sia.

I think that means I am good at hodling so far

Little disappointed by thing devs said about price.

Seems as better marketing/public relations could be worked on for the future.

[marilyngroom]

But isn't that kind of just things that devs say. "We don't care about the money, it's all about the art man." Meanwhile they actually do?

[Zer0p0inT]

But isn't that kind of just things that devs say. "We don't care about the money, it's all about the art man." Meanwhile they actually do?

These guys truly wouldn't care...after all they turned into over night multi multi millionaires practically over night.

[Hakkane]

I am reading a lot of misinformation or declared FUD about what devs said or did not said. At any point they said "we are against a strong price". That's simply a lie. On an article on the Boston Globe (https://www.bostonglobe.com/business/2017/08/07/sia/sUZ0p3EEAsgVuL2aGCeqEJ/story.html) they said:

<<The [Sia] tokens are for using the service, not for speculating, and it’s our job to keep them stable, not to bump them>>

And later on Twitter:

<<We are focused on building Sia, rather than pumping the price of the coin. >>

That simply means their work as developers is not forcing a pump in their value. They focus in the product, and it gains value over time because it is good and it gets used, not because they artificially manipulated the markets. Would you prefer Sia becoming a shitcoin manipulated by dev team to be overpumped and then let to fall all the way down to doom because there was no real project behind?. Sia is a working network of 3.5 Petabytes of storage where every day users are renting disk space for storing their files, not a bag of empty promises ad fog.

If anyone else have doubts about the commitment of the team, I recommend this reading of the chief developer and CEO of Nebulous: https://www.reddit.com/r/siacoin/comments/6tmx0r/why_is_sia_important/ But as most of people reading here never expends the required time to get fully informed about the cryptos they invest in, I will extract some quotations you:

<<Last year Sia pumped from about 3 satoshis to about 180 satoshis. Then it fell to 28. The whole way down, people were upset, and missing the bigger picture [...] They would complain that Sia doesn't do any marketing. They would complain that Sia didn't have any money [...] These people sold millions of coins for under a thousand dollars.

<<Everyone today is missing the point. Everyone is focused on trivial things like a 30% inflation rate. Like a competitor that just raised $230 million despite having no working code and a whitepaper that is incomplete and that betrays a poor understanding of blockchain technology>>

<<Sia is going to change the face of cloud storage. That's a $20 billion market, and it's projected to become a $200 billion market. Sia is not some niche either, it's a full upgrade to how cloud storage works. We aren't aiming at 1%, we are aiming at 70-90% market share, because the core technology is that good.>>

<<Sia is cheaper, faster, more reliable, more secure, and has better uptime than the traditional cloud. [...] Sia is a full fledged CDN, with storage points in over 50 countries and on all 6 continents. Amazon can't claim numbers like those. Sia has hosts within 50 milliseconds of every major city in the world. Amazon can't claim that either [...] The world's leading CDN (Akamai) charges >$50/TB. Sia charges $0.50

<<The community has fallen into a mental trap that we see every time the price is declining. We see it with Bitcoin too. As the price goes down, people only ask themselves "what are the ways this project can fail?". I can promise you, Sia has a much better chance of success than 90% of the cryptocurrencies with a higher market cap>>

These guys truly wouldn't care...after all they turned into over night multi multi millionaires practically over night.

Absolutely false. Sia developers only premined the 100 first blocks (compare this number to your favorite altcoin) and currently they own less than 1% that they use for bounties for independent devs to develop integrations. They are incentived to increase the adoption of Sia, because their only asset are the 8,800 (out of a total of 10,000) SiaFunds, that gives dividends corresponding to the 3.9% of fees of each file contract. Currently each Siafund is providing a dividend of 4SC per month, so the team will only become rich if the network get mass adoption. Do you still think they don't care about their product?

[Piggy]

it think is just a lot of people got burned and now are salty about the project, great post Hakkane

[Btc_1856]

Sometimes I forget about Sia.

I think that means I am good at hodling so far

Little disappointed by thing devs said about price.

Seems as better marketing/public relations could be worked on for the future.

Don't worry my friend everything will be back once the price of Bitcoin settles. Even I am also holding a lot of SIA coin it is going to change my life because I have strong hope on this coin.

[Zer0p0inT]

Do you still think they don't care about their product?

Nobody said they don't care about the project. They don't care about the PRICE of the coin.
And it's pretty gullible to think they only hold whatever they got from the ICO. Your other points just state what I said in different words.

[carlisle1]

Do you still think they don't care about their product?

Nobody said they don't care about the project. They don't care about the PRICE of the coin.
And it's pretty gullible to think they only hold whatever they got from the ICO. Your other points just state what I said in different words.

we really cant say what inside devs mind I'm looking at its just shaking those people who really didn't bothered to read and understand the concept
those whos caught when the price is really hyping now like what happen to most coin which is falling sia is also part of this circulation.

[Bramen]

Anyone know how much SC one can earn by hosting? I have 25TB of space, but it's behind a home internet connection (a few Mbps upload).

I am reading a lot of misinformation or declared FUD about what devs said or did not said. At any point they said "we are against a strong price". That's simply a lie. On an article on the Boston Globe (https://www.bostonglobe.com/business/2017/08/07/sia/sUZ0p3EEAsgVuL2aGCeqEJ/story.html) they said:

<<The [Sia] tokens are for using the service, not for speculating, and it’s our job to keep them stable, not to bump them>>

And later on Twitter:

<<We are focused on building Sia, rather than pumping the price of the coin. >>

Thank you for this post, it's a breath of fresh air we're talking about the product and not FUD. Most altcoin threads are shills pumping or traders dumping, or pointless price speculation and clueless technical analysis (lol support levels).

I've read quite a bit about SC, and am very impressed with the product and considering growing my position. Just wish they'd release an official light desktop wallet soon.

[Lionel]

Anyone know how much SC one can earn by hosting? I have 25TB of space, but it's behind a home internet connection (a few Mbps upload).

I am reading a lot of misinformation or declared FUD about what devs said or did not said. At any point they said "we are against a strong price". That's simply a lie. On an article on the Boston Globe (https://www.bostonglobe.com/business/2017/08/07/sia/sUZ0p3EEAsgVuL2aGCeqEJ/story.html) they said:

<<The [Sia] tokens are for using the service, not for speculating, and it’s our job to keep them stable, not to bump them>>

And later on Twitter:

<<We are focused on building Sia, rather than pumping the price of the coin. >>

Thank you for this post, it's a breath of fresh air we're talking about the product and not FUD. Most altcoin threads are shills pumping or traders dumping, or pointless price speculation and clueless technical analysis (lol support levels).

I've read quite a bit about SC, and am very impressed with the product and considering growing my position. Just wish they'd release an official light desktop wallet soon.

I think there is a built-in auction system in SIA for defining file storage price, or maybe you just define your price and wait if it is accepted.
I've read that very briefly from the SIA homepage , don't know the details, check their homepage.


Anyway  these file storage marketplace features are the main potential of the coin and make it interesting, who cares about what others say about it not being good for speculation, about its price, etc.
The services you can get with that coin are what counts, not just doing trading.

A real P2P anonymous AND open-source file cloud is not something you can find in other places, even with Bitcoin there is no such service

[Aquazi]

In every thread where personal tips of good altcoins are asked is the answer SIA. I never heard anybody condemn Sia as a scam or shitcoin.

I pointed out many times why siacoin's service (file hosting) isn't profitable neither for the host nor for the user.

It's unfit to any kind of long term storage, and even less as a short term one.

[Bramen]

In every thread where personal tips of good altcoins are asked is the answer SIA. I never heard anybody condemn Sia as a scam or shitcoin.

I pointed out many times why siacoin's service (file hosting) isn't profitable neither for the host nor for the user.

It's unfit to any kind of long term storage, and even less as a short term one.

I'm not sure how you can make such a call this early? I believe hosts can set their own price and users can of course determine whether it makes sense to use Sia or the competition. So it's up to the market to set the price based on supply and demand.

Why would Sia be unfit for short or long-term storage? I see it as a cloud backup first and foremost, with the potential for heavier demands later down the road.

[FlavCoin]

SIA is still in early dev and not intend to replace dropbox, but aims massive data storage from enterprise ...

It's true that hosting and renting nowadays isn't profitable, but I do it to support this amazing project ...

Time will tell ...

[BillCoin]

These days I was asked the real difference from Filecoin to Siacon! Are there differences? Who is a step forward? Regarding decentralization, Siacoin is the first in this area! The game of preferences in Filecoin is annoying.

FileCoin are aiming for the same thing but are very new and are yet to provide any kind of product/part of a product beside a youtube video.

I think that believing that FileCoin could overcome sia with all their experience is pretty stupid as they got much more experience.

[marilyngroom]

After looking at the website, those prices are pretty cheap compared to DropBox, Amazon and others. I'm very tempted in trying it out. I'm just confused by all the negative talk, since it looks great.