[ANN] Sia - Decentralized Storage

[big_daddy]

https://imgur.com/a/N6iCg

456 btc buy wall from last 24 hour, hello Netflix!

netflix?? elaborate please.

Netflix - I keep seeing this mentioned with SIA , it is possible. Pretty Obv someone knows something with recent rumors and increase usage/activity.

well if this news can confirm someone from the devs, we will have a bull run for sure 

[Big Naturals]

https://imgur.com/a/N6iCg

456 btc buy wall from last 24 hour, hello Netflix!

netflix?? elaborate please.

Netflix - I keep seeing this mentioned with SIA , it is possible. Pretty Obv someone knows something with recent rumors and increase usage/activity.

well if this news can confirm someone from the devs, we will have a bull run for sure 

Wow, I have not heard of Netflix rumour before, that would be awesome, I hope it's true!

Is there any news on siafund sale yet, is it still only for accredited investors? How does that work with secondary market, can pleas like me buy it from the big investors legally?

[pumz]

All these price predictions are nothing but tools of speculation and keep the people's moral up during down times. Siacoin really needs not all this and majority of investors here is mature and long term profit seeking. We don't have control over market when it will rebound every single will get benefited of money which will be poured in this space.

[lhtot8]

All these price predictions are nothing but tools of speculation and keep the people's moral up during down times. Siacoin really needs not all this and majority of investors here is mature and long term profit seeking. We don't have control over market when it will rebound every single will get benefited of money which will be poured in this space.

When the whole market rise up, all altcoins will move up too. Don't worry and I think there is no need to speculate because all market movements depend on whales. Just follow them, buy low, sell high, take profit. Don't worry too much. Don't spend too much time in front of computer screen.

[carlo_0000]

All these price predictions are nothing but tools of speculation and keep the people's moral up during down times. Siacoin really needs not all this and majority of investors here is mature and long term profit seeking. We don't have control over market when it will rebound every single will get benefited of money which will be poured in this space.

When the whole market rise up, all altcoins will move up too. Don't worry and I think there is no need to speculate because all market movements depend on whales. Just follow them, buy low, sell high, take profit. Don't worry too much. Don't spend too much time in front of computer screen.

right i do the same, i m worry about nothing, just waiting is the key

[doedz]

Buy as much as possible at the current price. Because if Sia to the moon, we will not see the cheap price again.
Keep buying while dumping. 

What is the source of your Fomo?? How you are confidant that sia will never be as cheap as now? I have been hearing this crip since a long time in crypto environment and BS like this never happen.

I bought sc from 300 and 200, and I waited at 100 satoshis but Sia is strong and stable at 130 satoshis.
I have been monitoring Sia for a long time since this coin is still in poloniex, I believe this project and if bitcoin goes up then Sia will follow it, see the volume now.

[karasuri]

I believe this project and if bitcoin goes up then Sia will follow it, see the volume now.

when will it be you think, so?

[R0mi]

I believe this project and if bitcoin goes up then Sia will follow it, see the volume now.

when will it be you think, so?

Everyone speculates about whether SIA will rise or fall, but how many take the time to read up on what SIA is and why it might be used?  I thought, hey let's find out what it takes to actually use this system.  What do I have to do to host?  How cheap or expensive is it to rent storage space?  Interestingly, Siatech doesn't have this basic information (why not?).  You eventually find a link to a "third party" site called SiaSetup.

Right now, I would say SIA is way too complicated to gain wide user adoption.  And the website says it is not aimed at individuals, it is more for 'enterprises' which I think is a huge strategic mistake.  I think SIA could take off if it focused on individuals first and not enterprises.  Win over loyal individuals and they will market your product to the enterprises they end up working at.

Whether a hoster or a renter, your SIA wallet needs to be running most if not all of the time.  If, as a host, your computer goes down, you pay penalties (loss of posted SIA collateral).  If as a renter you do not "top off' your credits every 6 weeks, your 3 month contract may elapse and when it does, your data goes POOF.  There are too many penalties as I read SiaSetup for hosters and renters.  The average storage price, 18 SIA per Terabyte, per month, is attractive.  But by default SIA slices and dices your data and distributes it to 30 hosts, and you have pay for a contract with each host.  The contract rate, at least as it appears on SiaSetup is more expensive than storage which doesn't make much sense.

And you can only retrieve your data from the same computer you uploaded your data from.  Think about that.  Well, actually, you can backup all your SIA data files and copy them over to another computer.  But the first time you upload or download a file, then you have to recopy everything all over if you want to retrieve the files from a different system.  I had to re-read this part it is so incredibly user unfriendly.  If my files are chopped up and encrypted in the cloud, half of the value proposition to me is that I can grab them from anywhere there is an Internet connection.  But not so with Sia.  This is one of those wtf are you thinking types of flaws.

I use Mega and it is easy, relatively intuitive, convenient, and not that expensive.  I was attracted to SIA because I thought it might be a distributed, more redundant, more secure, better type of Mega for storing files.  SIA is not that in its current incarnation, which is a shame.  I love the idea of distributed, redundant, encrypted hosting.  That's a powerful capability.  But I think renters, for example, should have some sort of grace period if they are late on topping off their credits before their files are deleted.  And I wonder (it's not explained on Siasetup) whether auto-notifications warn renters about the impending deletion of their data?  And while I understand the thought behind making hosts pay when their computer goes down, I think the cost to the hosting entity should be smaller.  There are power losses beyond the ability of conscientious people to avoid those mishaps.

For hosting, you need a minimum of 4 free TB or you are penalized.  And you start out being penalized because you haven't earned "trust" yet and it takes six weeks or more to climb out of that hole.  This seems to do nothing more than skew hosting towards those who were early in setting up their storage and who now have, by virtue of time, a higher trust score.  I don't like this.  If you want to measure trust, it should be based on some short rolling average of up-time for the host.  Maybe it is, but this is not well explained on SiaSetup.  And if I am correct, this is a somewhat suspect way to tilt the field towards those who got into SIA right from the beginning.

It's no wonder to me that there is plenty of empty, un-rented, unused storage at the moment.  SIA is not friendly or easily accessible to individuals in the way that Mega is.  I hope that the developers really work on making the entire ecosystem much easier to jump into -- both for persons who wish to rent out unused HD space, and for persons (not just enterprises!) that want a better alternative to Mega, or Amazon, or the greatest privacy destroying data sponge of them all -- Google.

SIA is a great idea.  But the implementation for end users is too complicated to gain widespread adoption anytime soon.  KISS.  This is all fixable and I hope to see more efforts both on the main webpage and in the software to make hosting and renting storage space an easy, painless, experience.  The world doesn't need another payment token.  The world does need a better way to store files privately and beyond the ability of governments and other individuals to spy on that data.  The developers clearly recognize this but they aren't making it easy for Joe sixpack to use their system.  At least not yet.

In the meantime, just because I like challenges, I am going to set up hosting.  And maybe someone should have a talk with Kim Dotcom.  Just saying.

[big_daddy]

I believe this project and if bitcoin goes up then Sia will follow it, see the volume now.

when will it be you think, so?

Everyone speculates about whether SIA will rise or fall, but how many take the time to read up on what SIA is and why it might be used?  I thought, hey let's find out what it takes to actually use this system.  What do I have to do to host?  How cheap or expensive is it to rent storage space?  Interestingly, Siatech doesn't have this basic information (why not?).  You eventually find a link to a "third party" site called SiaSetup.

Right now, I would say SIA is way too complicated to gain wide user adoption.  And the website says it is not aimed at individuals, it is more for 'enterprises' which I think is a huge strategic mistake.  I think SIA could take off if it focused on individuals first and not enterprises.  Win over loyal individuals and they will market your product to the enterprises they end up working at.

Whether a hoster or a renter, your SIA wallet needs to be running most if not all of the time.  If, as a host, your computer goes down, you pay penalties (loss of posted SIA collateral).  If as a renter you do not "top off' your credits every 6 weeks, your 3 month contract may elapse and when it does, your data goes POOF.  There are too many penalties as I read SiaSetup for hosters and renters.  The average storage price, 18 SIA per Terabyte, per month, is attractive.  But by default SIA slices and dices your data and distributes it to 30 hosts, and you have pay for a contract with each host.  The contract rate, at least as it appears on SiaSetup is more expensive than storage which doesn't make much sense.

And you can only retrieve your data from the same computer you uploaded your data from.  Think about that.  Well, actually, you can backup all your SIA data files and copy them over to another computer.  But the first time you upload or download a file, then you have to recopy everything all over if you want to retrieve the files from a different system.  I had to re-read this part it is so incredibly user unfriendly.  If my files are chopped up and encrypted in the cloud, half of the value proposition to me is that I can grab them from anywhere there is an Internet connection.  But not so with Sia.  This is one of those wtf are you thinking types of flaws.

I use Mega and it is easy, relatively intuitive, convenient, and not that expensive.  I was attracted to SIA because I thought it might be a distributed, more redundant, more secure, better type of Mega for storing files.  SIA is not that in its current incarnation, which is a shame.  I love the idea of distributed, redundant, encrypted hosting.  That's a powerful capability.  But I think renters, for example, should have some sort of grace period if they are late on topping off their credits before their files are deleted.  And I wonder (it's not explained on Siasetup) whether auto-notifications warn renters about the impending deletion of their data?  And while I understand the thought behind making hosts pay when their computer goes down, I think the cost to the hosting entity should be smaller.  There are power losses beyond the ability of conscientious people to avoid those mishaps.

For hosting, you need a minimum of 4 free TB or you are penalized.  And you start out being penalized because you haven't earned "trust" yet and it takes six weeks or more to climb out of that hole.  This seems to do nothing more than skew hosting towards those who were early in setting up their storage and who now have, by virtue of time, a higher trust score.  I don't like this.  If you want to measure trust, it should be based on some short rolling average of up-time for the host.  Maybe it is, but this is not well explained on SiaSetup.  And if I am correct, this is a somewhat suspect way to tilt the field towards those who got into SIA right from the beginning.

It's no wonder to me that there is plenty of empty, un-rented, unused storage at the moment.  SIA is not friendly or easily accessible to individuals in the way that Mega is.  I hope that the developers really work on making the entire ecosystem much easier to jump into -- both for persons who wish to rent out unused HD space, and for persons (not just enterprises!) that want a better alternative to Mega, or Amazon, or the greatest privacy destroying data sponge of them all -- Google.

SIA is a great idea.  But the implementation for end users is too complicated to gain widespread adoption anytime soon.  KISS.  This is all fixable and I hope to see more efforts both on the main webpage and in the software to make hosting and renting storage space an easy, painless, experience.  The world doesn't need another payment token.  The world does need a better way to store files privately and beyond the ability of governments and other individuals to spy on that data.  The developers clearly recognize this but they aren't making it easy for Joe sixpack to use their system.  At least not yet.

In the meantime, just because I like challenges, I am going to set up hosting.  And maybe someone should have a talk with Kim Dotcom.  Just saying.

I will PIN this text if I could, so everyone can read it

I had the similar dubious when I have installed the SiaCoin client
I created the folder for the storage, etc, and first of all I tried to setup all, but noone was interested in my storage, it was at really cheap price, the cheapest, just to test the system
but, the second thout was, what if I delete the folder, where is the backup of the docs from the final user?

[Branko]

I will PIN this text if I could, so everyone can read it

I had the similar dubious when I have installed the SiaCoin client
I created the folder for the storage, etc, and first of all I tried to setup all, but noone was interested in my storage, it was at really cheap price, the cheapest, just to test the system
but, the second thout was, what if I delete the folder, where is the backup of the docs from the final user?

"backup" should be on someone else host...one of main ideas/benefits of cloud solution over your personal storage
should be redundancy, after all

As devs said previously:

"Data is uploaded to Sia with a very high redundancy. Hosts are monitored, and any that have less than 95% uptime they start getting penalized heavily. Each chunk of data is split into 30 pieces, and each of those 30 pieces is sent to a different host. Out of those 30 pieces, you only need 10 of them to recover the original file. Overall, there is very little chance that a full 21 out of 30 hosts are going to disappear at the same time, especially if they all were previously meeting the 95% uptime requirement. Even more, when one host goes offline, the software will replace it with a new host, allowing your files to be repaired."

[tuanytcc]

Looking at Sia one-year price-history chart via the following link
https://coinmarketcap.com/currencies/siacoin/
It contains strong signals about Sia cycle, and we are likely staying at almost the start of new Sia cycle, which might begin in July of the year 2018.
Buy at low and accumulate more Sia, holding them and wait for next signifcant pumps.

[abdulaziz07]

How long does it usually take for a transfer to leave e.g. Bittrex and reach your wallet?
any estimated time

[niteuser]

Everyone speculates about whether SIA will rise or fall, but how many take the time to read up on what SIA is and why it might be used?  I thought, hey let's find out what it takes to actually use this system.  What do I have to do to host?  How cheap or expensive is it to rent storage space?  Interestingly, Siatech doesn't have this basic information (why not?).  You eventually find a link to a "third party" site called SiaSetup.

Right now, I would say SIA is way too complicated to gain wide user adoption.  And the website says it is not aimed at individuals, it is more for 'enterprises' which I think is a huge strategic mistake.  I think SIA could take off if it focused on individuals first and not enterprises.  Win over loyal individuals and they will market your product to the enterprises they end up working at.

Whether a hoster or a renter, your SIA wallet needs to be running most if not all of the time.  If, as a host, your computer goes down, you pay penalties (loss of posted SIA collateral).  If as a renter you do not "top off' your credits every 6 weeks, your 3 month contract may elapse and when it does, your data goes POOF.  There are too many penalties as I read SiaSetup for hosters and renters.  The average storage price, 18 SIA per Terabyte, per month, is attractive.  But by default SIA slices and dices your data and distributes it to 30 hosts, and you have pay for a contract with each host.  The contract rate, at least as it appears on SiaSetup is more expensive than storage which doesn't make much sense.

And you can only retrieve your data from the same computer you uploaded your data from.  Think about that.  Well, actually, you can backup all your SIA data files and copy them over to another computer.  But the first time you upload or download a file, then you have to recopy everything all over if you want to retrieve the files from a different system.  I had to re-read this part it is so incredibly user unfriendly.  If my files are chopped up and encrypted in the cloud, half of the value proposition to me is that I can grab them from anywhere there is an Internet connection.  But not so with Sia.  This is one of those wtf are you thinking types of flaws.

I use Mega and it is easy, relatively intuitive, convenient, and not that expensive.  I was attracted to SIA because I thought it might be a distributed, more redundant, more secure, better type of Mega for storing files.  SIA is not that in its current incarnation, which is a shame.  I love the idea of distributed, redundant, encrypted hosting.  That's a powerful capability.  But I think renters, for example, should have some sort of grace period if they are late on topping off their credits before their files are deleted.  And I wonder (it's not explained on Siasetup) whether auto-notifications warn renters about the impending deletion of their data?  And while I understand the thought behind making hosts pay when their computer goes down, I think the cost to the hosting entity should be smaller.  There are power losses beyond the ability of conscientious people to avoid those mishaps.

For hosting, you need a minimum of 4 free TB or you are penalized.  And you start out being penalized because you haven't earned "trust" yet and it takes six weeks or more to climb out of that hole.  This seems to do nothing more than skew hosting towards those who were early in setting up their storage and who now have, by virtue of time, a higher trust score.  I don't like this.  If you want to measure trust, it should be based on some short rolling average of up-time for the host.  Maybe it is, but this is not well explained on SiaSetup.  And if I am correct, this is a somewhat suspect way to tilt the field towards those who got into SIA right from the beginning.

It's no wonder to me that there is plenty of empty, un-rented, unused storage at the moment.  SIA is not friendly or easily accessible to individuals in the way that Mega is.  I hope that the developers really work on making the entire ecosystem much easier to jump into -- both for persons who wish to rent out unused HD space, and for persons (not just enterprises!) that want a better alternative to Mega, or Amazon, or the greatest privacy destroying data sponge of them all -- Google.

SIA is a great idea.  But the implementation for end users is too complicated to gain widespread adoption anytime soon.  KISS.  This is all fixable and I hope to see more efforts both on the main webpage and in the software to make hosting and renting storage space an easy, painless, experience.  The world doesn't need another payment token.  The world does need a better way to store files privately and beyond the ability of governments and other individuals to spy on that data.  The developers clearly recognize this but they aren't making it easy for Joe sixpack to use their system.  At least not yet.

In the meantime, just because I like challenges, I am going to set up hosting.  And maybe someone should have a talk with Kim Dotcom.  Just saying.
[/quote]

I agree pin this!!! devs need to take notes / get off your high horse and pay attention to feedback like this.

Priority in my book:
              Restore files from seed
              Sharing files public or to another sia wallet address.
              Streaming stored video files to anyone
              WTF is taking them so long? should have been done already....

[karasuri]

I believe this project and if bitcoin goes up then Sia will follow it, see the volume now.

when will it be you think, so?

Everyone speculates about whether SIA will rise or fall, but how many take the time to read up on what SIA is and why it might be used?  I thought, hey let's find out what it takes to actually use this system.  What do I have to do to host?  How cheap or expensive is it to rent storage space?  Interestingly, Siatech doesn't have this basic information (why not?).  You eventually find a link to a "third party" site called SiaSetup.

Right now, I would say SIA is way too complicated to gain wide user adoption.  And the website says it is not aimed at individuals, it is more for 'enterprises' which I think is a huge strategic mistake.  I think SIA could take off if it focused on individuals first and not enterprises.  Win over loyal individuals and they will market your product to the enterprises they end up working at.

Whether a hoster or a renter, your SIA wallet needs to be running most if not all of the time.  If, as a host, your computer goes down, you pay penalties (loss of posted SIA collateral).  If as a renter you do not "top off' your credits every 6 weeks, your 3 month contract may elapse and when it does, your data goes POOF.  There are too many penalties as I read SiaSetup for hosters and renters.  The average storage price, 18 SIA per Terabyte, per month, is attractive.  But by default SIA slices and dices your data and distributes it to 30 hosts, and you have pay for a contract with each host.  The contract rate, at least as it appears on SiaSetup is more expensive than storage which doesn't make much sense.

And you can only retrieve your data from the same computer you uploaded your data from.  Think about that.  Well, actually, you can backup all your SIA data files and copy them over to another computer.  But the first time you upload or download a file, then you have to recopy everything all over if you want to retrieve the files from a different system.  I had to re-read this part it is so incredibly user unfriendly.  If my files are chopped up and encrypted in the cloud, half of the value proposition to me is that I can grab them from anywhere there is an Internet connection.  But not so with Sia.  This is one of those wtf are you thinking types of flaws.

I use Mega and it is easy, relatively intuitive, convenient, and not that expensive.  I was attracted to SIA because I thought it might be a distributed, more redundant, more secure, better type of Mega for storing files.  SIA is not that in its current incarnation, which is a shame.  I love the idea of distributed, redundant, encrypted hosting.  That's a powerful capability.  But I think renters, for example, should have some sort of grace period if they are late on topping off their credits before their files are deleted.  And I wonder (it's not explained on Siasetup) whether auto-notifications warn renters about the impending deletion of their data?  And while I understand the thought behind making hosts pay when their computer goes down, I think the cost to the hosting entity should be smaller.  There are power losses beyond the ability of conscientious people to avoid those mishaps.

For hosting, you need a minimum of 4 free TB or you are penalized.  And you start out being penalized because you haven't earned "trust" yet and it takes six weeks or more to climb out of that hole.  This seems to do nothing more than skew hosting towards those who were early in setting up their storage and who now have, by virtue of time, a higher trust score.  I don't like this.  If you want to measure trust, it should be based on some short rolling average of up-time for the host.  Maybe it is, but this is not well explained on SiaSetup.  And if I am correct, this is a somewhat suspect way to tilt the field towards those who got into SIA right from the beginning.

It's no wonder to me that there is plenty of empty, un-rented, unused storage at the moment.  SIA is not friendly or easily accessible to individuals in the way that Mega is.  I hope that the developers really work on making the entire ecosystem much easier to jump into -- both for persons who wish to rent out unused HD space, and for persons (not just enterprises!) that want a better alternative to Mega, or Amazon, or the greatest privacy destroying data sponge of them all -- Google.

SIA is a great idea.  But the implementation for end users is too complicated to gain widespread adoption anytime soon.  KISS.  This is all fixable and I hope to see more efforts both on the main webpage and in the software to make hosting and renting storage space an easy, painless, experience.  The world doesn't need another payment token.  The world does need a better way to store files privately and beyond the ability of governments and other individuals to spy on that data.  The developers clearly recognize this but they aren't making it easy for Joe sixpack to use their system.  At least not yet.

In the meantime, just because I like challenges, I am going to set up hosting.  And maybe someone should have a talk with Kim Dotcom.  Just saying.

Ok I'm agree with must of all, but if they think that they should work with B2B it's great, but you're right in it with "focused on individuals first" because individuals interesting in ICO at first. Also SIA really-really great idea, maybe not for now or not for this kind of market

[filippounits]

SIACOIN (SC) will be listed on Lescovex exchange!

We'll include $SC in our platform with other cryptos, assets, commodities & fiat EUR, USD, JPY, CNY and MXN!


https://www.lescovex.com/  Thanks to all the voters!


You can still choose and vote your favorite coin here: https://lescovex.featureupvote.com/


Telegram: https://t.me/Lescovex
Discord: https://discordapp.com/invite/apDa3Vw

[Altcner]

All markets are in a downtrend and I don`t understand why someone there looks so panic!

[big_daddy]

SIACOIN (SC) will be listed on Lescovex exchange!

We'll include $SC in our platform with other cryptos, assets, commodities & fiat EUR, USD, JPY, CNY and MXN!


https://www.lescovex.com/  Thanks to all the voters!


You can still choose and vote your favorite coin here: https://lescovex.featureupvote.com/


Telegram: https://t.me/Lescovex
Discord: https://discordapp.com/invite/apDa3Vw

finally SC will have a direct support in FIAT not only in BTC
asking me, this is a very good news

[BtcVolcano]

All markets are in a downtrend and I don`t understand why someone there looks so panic!

Always there will be such people users who give in to great panic than the others or a direct interest to buy coins from them when there is a falling. It is not a secret, all know about it. I think purchase will end already soon and all market will go up.

[yayat]

I do not understand why negative news keeps coming.
The last is a japanese country that makes stupid news.
That would make altcoin more and more destroyed.

[Digital Galaxy]

I do not understand why negative news keeps coming.
The last is a japanese country that makes stupid news.
That would make altcoin more and more destroyed.

That shouldn't be an excuse to anyone who has financial interest in the network.
I'm an optimist but when the supply is more than the demand, the price will go definitely down. And the news does not affect.