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Author Topic: Sia - Siafund Redemption Deadline: June 1st, 2015  (Read 68223 times)
Passion_ltc
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May 01, 2014, 09:20:41 PM
 #21

Interested.

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May 01, 2014, 09:22:53 PM
 #22

What is Sia? Security Industry Association Smiley

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May 01, 2014, 10:19:26 PM
 #23

Sia is the Egyptian personification of wisdom, or something like that. It ended up not being exactly what I thought it was when I originally picked the name, but I like it nonetheless. It's not an acronym or anything, just a single syllable.
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May 02, 2014, 06:53:33 AM
 #24

I will be monitoring this thread with my both eyes.
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May 02, 2014, 01:28:49 PM
 #25

Interesting, I really like this idea. Useful work instead of performing wasted computations is definitely going in the right direction.

What are some use-cases for this? For example, if I owned a company, I would still want internal data storage within my company, if anything, to save costs on bandwidth. The only applications I can think of (right now) for this kind of distributed storage is similar to what I would upload to dropbox, which is free up to a certain point. And, I suppose, for those concerned about censorship.

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May 02, 2014, 01:30:16 PM
 #26

Interested in this great project and idea.

 
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May 02, 2014, 04:41:08 PM
 #27

What are some use-cases for this? For example, if I owned a company, I would still want internal data storage within my company, if anything, to save costs on bandwidth. The only applications I can think of (right now) for this kind of distributed storage is similar to what I would upload to dropbox, which is free up to a certain point. And, I suppose, for those concerned about censorship.

We're expecting throughput for a file to be on the order of gigabits per second. Latency on low-redundancy files will be on the order of 100 milliseconds. So, you could theoretically boot your operating system from Sia instead of a local hard drive, given that gigabits per second is close to what SSDs can achieve. The 100 milliseconds isn't typically a problem, but could be for disk-intensive applications.

So the biggest bottleneck is probably the price of bandwidth. If you're a corporation like Google, you probably wouldn't want to use Sia to process search requests, as I'd imagine your bandwidth prices would be too high.

But anything that's already going over a wire would be fair game. Imagine if all images on the web were embedded directly from Sia. This could reduce hosting costs for many companies without degrading the user experience. Especially for video websites, this would be a huge deal. Right now hosting and streaming video is very expensive, and Sia directly addresses these costs without adding any additional expenses with regards to bandwidth. Pretty much any static webpage would also be supported.

Backups like Dropbox are an obvious use case. But applications could also talk directly to Sia. Save-data from video games could use Sia, your music library could stream directly from Sia, and your movie library too if you have a strong enough internet connection.
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May 02, 2014, 10:26:16 PM
 #28

I read your whitepaper a while ago and was intrigued by the ideas presented. Seems like storJ, maidsafe et al have a little competition. I did join a while ago to the IRC channel but there was no activity there at the time.

I hope you learn from the lessons of the encumbered maidsafe IPO for issuance of Siastock. I think a decentralised fundraising on a platform such as CounterParty, where users can directly send BTC, and later trade shares with no requirement for proprietary MSC style tokens  would be a good fit.

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May 03, 2014, 12:42:37 AM
 #29

I did join a while ago to the IRC channel but there was no activity there at the time.

Sorry about that. The IRC channel has been inactive for a while because for the most part it's just 2 people living in the same timezone. After going a few weeks with no messages, we stopped checking. If this starts gaining momentum however we'll bring it back.

I hope you learn from the lessons of the encumbered maidsafe IPO for issuance of Siastock. I think a decentralised fundraising on a platform such as CounterParty, where users can directly send BTC, and later trade shares with no requirement for proprietary MSC style tokens  would be a good fit.

Looking at the maidsafe results, what we might end up doing is selling 'tokens' for 0.001btc each. We'd sell for a week or so, and then at the end we'd divide X% among all the tokens that got sold. Or maybe we'd set up a dynamic price, so each token is worth 0.0Y%, but the cost of a token changes as people buy them up or do not buy them up. We'd want something that would end up being fair, such that everybody interested got siastock and had at least 2 weeks to get in. I'm really not sure what the best approach would be. For those curious, we'd be wanting on the order of 200 bitcoins. We'd be happy to accept more of course, but less wouldn't give us enough money to work on Sia full time. If somehow things exploded and we ended up with 500 or 2000 bitcoins, we'd probably hire a few extra developers to help us out in the spirit of trying to release quicker. We would also put some money aside for security audits of the beta.

Now what if I upload, say, child porn?

(better to ask that question now than to wait until it happens)

That's a good question. We are legally required to do everything in our power to take CP and other illegal files and DMCA'd content off of the network. But just like the creators of bittorrent, Sia is a protocol so I don't know how responsible we'd be for what happened. In the worst case, the NSA forces us to back-door the protocol such that we can censor any file. I don't think this is a realistic outcome.

The US Government has been playing nice with bitcoin. Coinbase, Bitstamp, Bitcoin Foundation, etc. have not so far been held responsible for the way that people use bitcoin. I'm under the belief that Sia would work the same way. If child porn ended up on Sia, the burden falls upon the uploader and the people linking to the uploaded file. For many reasons, I think it would be very bad to enable built-in censorship of files on Sia. If we were pressured to, we might even be able to get some human rights groups to fight for us in court. I have no idea.

Another example is Tor, a technology that has enable child porn in particular for a long time. Tor is a legally protected application. It's not the Tor devs or the relay nodes that are child pornographers, and they don't host Tor to enable child pornography. People who upload illegal content to Tor are not protected, but the ecosystem is protected, and they do have powerful legal groups ready to fight for them.

Censorship is always a difficult thing to talk about, because nobody wants to enable activity like child pornography, least of all us. At the same time, we don't want to enable the government to censor things like criticisms of the people in power. As far as Sia is concerned, if you enable one you enable the other, and you are left trusting that the person in charge of censoring child porn will choose not to censor other actions like criticism of the government.

We very much want to be viewed as "good guys" in the eyes of our government (which happens to be the US government). I have no idea what this will entail or what court decisions might be made. I do think that Maidsafe, Cryptosphere, Datacoin, and other such projects are going to run into the same exact problems.

If I recall, wasn't child porn stored in the Bitcoin blockchain? Didn't someone find some way to encode an illicit photo into a set of transactions? I know other things (like Bitcoin's whitepaper) have been encoded into the blockchain. What is the legal response in Bitcoin's case?
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May 04, 2014, 12:09:10 AM
 #30

Is it possible to get notified when the IPO starts? With a pling in my bitcointalk-inbox or likewise ...
Interested as I am, it won't be possible to check this thread every day.

Thanks for stopping me from putting money into StorageCoin Smiley I was just about to...

And, hey, let's stop talking about child porn... it is irrelevant to crypto coins. It's like connecting the invention of electricity and people watching too much TV, they are unrelated. The dominant coins of the future will be anonymous and BitCoin will be put in nursery.

SaveCoin - Proof of Funds! 65% yearly interest, NOT PoS!
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May 04, 2014, 02:59:10 PM
 #31

We'll be notifying everyone who's expressed interest at least 2 weeks before we do any sort of IPO.
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May 04, 2014, 06:57:03 PM
 #32

interested

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May 04, 2014, 08:02:18 PM
 #33

This looks promising  but I suppose there will be quite a few bummers on the road.

I hope the devs are bunch of strong willed f*#kers Smiley

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May 05, 2014, 02:08:00 AM
 #34

Interested in this Innovation project and idea.
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May 06, 2014, 01:44:07 PM
 #35

Interested.
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May 06, 2014, 01:53:28 PM
 #36

i am in...would keep focusing to see if it go a long way
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May 06, 2014, 02:04:24 PM
 #37

It give me a feeling that this coin is good enough. I will invest. Cool Cool
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May 06, 2014, 02:07:22 PM
 #38

Interested.
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May 07, 2014, 10:08:52 PM
 #39

Interested.

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May 07, 2014, 10:36:26 PM
 #40

Interested.
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