Topic: [ANN] Sia - Decentralized Storage - page 206. (Read 1382196 times)

You keep coming to this thread, keep spreading the same FUD one time and another, and another... and keep refusing to debate your positions every time someone answers you. As you keep ignoring my answers to your FUD, I'll keep quoting my own answers every time you come again to vomit the same no-sense:

It is profitable for the host. Even if we consider a price of $1/Tb/month. You can buy enterprise-grade HDDs at less than $25/Tb and they are prepared to last more than 5 years. A ROI of 2 years (or less) is perfectly acceptable if your HDDs are going to last more than 5 years. Hosting is not like mining were difficulty increases over time. In hoisting, if you stay ompetitive you'll keep getting contracts forever. And electricity costs are irrelevant: a good HDD of 4Tb or even 8Tb will consume less than 3W

It is profitable for renter. People incorrectly compares Sia to Onedrive, Google storage or other costumers solutions that are "free" or very cheap. Companies can't use those solutions and have to purchase storage to Amazon ($23/Tb/month), Azure ($30) or Akamai ($50). Do you know how much is paying a renter right now in Sia? 250SC/Tb/month, roughly $2. And with the advantages of encryption, decentralization, and low latency due to the huge world-wide distributed network of hosts



And do you know companies can not apply to that offer? And do you know there is no limit of transfer on Sia? And do you know data is not natively encrypted on Dropbox, and they can do whatever they want with your data? Like for example, in a few years limit the "unlimited" tier to force you to pay more for all that data you have already stored with them.

And oh, BTW, Sia is less than $3/Tb/month. Deal with it.



Instead of the paperwallet they indicated you (the code is still in reviewing process by other devs to confirm it is legit), I recommend you this tool created by the developing team: https://github.com/avahowell/sia-coldstorage

You can download the wallet, create a seed and delete the wallet again. With the seed you can revive your wallet and your coins anytime.
The better option might be a paper wallet. You can create one here: https://siapaperwallet.co/
Create a wallet, safe the seed and send the coins to the wallets address. This way you don't need to download anything. I haven't used the paperwallet yet so I can't say if the link above is legit.
I

You know you have unlimited space on dropbox for 15 a month right?

Unlimited.

(and 200gb of transfer everyday which will go up).

Hi folks. I bought some coins on recent dip and now I'd like to store them in cold storage for long term hodling.
Unfortunately I'm not sure how to do it properly. Can someone please help? Paper wallet? Hardware wallet?
Thanks

Sia storage is an interesting concept and has a chance at real world use soon for sia

yes you are right and most of them invest without investigate that coin properly
and i think also that sia is undervalue 156 sat price right now but its supply is also huge more then 29 billion
but this coin is much better then ERC20 based token or you can sat ETH based token
and i also heard a news about china that china has ban all the ICOs. this news really impact in a lot of crypto currencies

The world need cheap hosting and yes we are moving in that direction since 1995, look at the hosting plans in late 19s and now. So why you feel that Sia token will gain value when the world needs cheap hosting?? If Sia falls below the rep value then it will be a inflation. mark my words.

Nobody's going to use ever siacoin as a storage solution.

It's either expensive for the host or expensive for the customer, but it can't be good for both

And this ignores how complicated it is to store and download files from sia compared to mainstream solutions, the fact that you can't give a siacoin bill to your accountant and the constant price fluctuation.

You guys just can't give up.

About your B), yes 100% of the cryptocurrency market is all hype and no use atm and is seriously overvalued.

"Slightly undervalued". They are whitepapers who have more market cap than Sia. It is a wolf in sheep's clothing but unfortunately a victim of that cryptocurrency hype. There are two options:

A: Sia is currently undervalued
B: 99% of the other cryptocurrency are currently far overvalued

Choose one.

People nowadays mainly buy coins to hold. They treat them as an investment. But that is not a healthy process.  Bitcoin might be an exception thus his status as worlds first crypto coin. But we don't need 900 of them. We need coins that have a use, a use that is more than beeing a currency and not only a theoretical one from a whitepaper. That's why the crypto world is turning into a morgue. A morgue full of crypto coins that everybody has, but nobody wants. And guess what: You won't find SiaCoin there. Cause I will still need it to pay my cloud storage bill.

Big coin supply is not bad. Continuous mining is also not a bad thing, it brings security to the blockchain! I'm sure that SIA will recover to 300 sato levels soon. Strong project that might be slightly undervalued right now.

There is no danger for hosts, as storage providers are not liable of contents they hosts. Besides, files are encrypted and each individual host is unable the reconstruct the full file as they are recipient of only fragments of it. This is from the Sia Wiki:

Hosts (and websites) are considered safe from user submitted content under section 512 of the Digital Millennium Copyright Act. Storage providers, websites and ISPs (Internet Service Providers) are considered protected under 230(c)(1) of the Communications Decency Act. No cases in the US have specifically accused websites of CP and 230©(1) and it is considered a safe harbor, but has never been tried. If you require more specific information, we recommend you discussing this with your legal representation

In any case, a future update will allow hosts to remove specific file contracts, just in case laws change and a host is required to delete certain files

Yes, SIA block rewards are high that's why it cannot able to survive in the market because people are kept dumping the SIA coins. Only volumes are increasing but the value of SIA is the same situation when Bitcoin price increases.

Your sensible correct but when we make hdd mining mission hosted some hdd to SIA. I wonder will it problem for us if users upload illegal content. Because all content will be in our hdd.

If I understood correctly, the files are encrypted and no, Sia has noway to control what is uploaded. Everything is kept secret and nobody can open and read your files.

But maybe I'm wrong ?

Can you only rent out your disk space if you have Sia coins. Also how do you protect against malwares and viruses that may be included in the user's files or if the user deliberately disguises the virus as files?

I wonder a answer a question.  maybe user will upload illegal content to storage. has it control for content by sia?

After the last pump/dump SIA is having a steady organic growth  now. We will be seeing 300+ satoshi by the end of the year at this rate

That's because SIA block rewards are really big.

I'm glad that SIA is recovering slowly (I hope to see 200+ sato soon).

Extremely well said.  Fundamental Analysis / market research is almost EVERYTHING.

There are 30 billions of Siacoin in circulation, so valuing the project at $230 millions. That is a market cap 10 times more than 4 months ago, 20 times more than 5 month ago and 200 times more than one year ago. Do you dare to say there is no interest in the project? Sia is an already functional product offering 3 petabytes of data so far among 750 hosts, but there is of course room for new features (all of them are in their roadmap https://trello.com/b/Io1dDyuI/sia-public-roadmap) and a lot of room for adoption growth: the value will keep growing naturally the closer we get to the endgame of Sia.

Your problem is also that you are using as a reference of the value of Sia the Bitcoin. That is a bad idea in general: how can you use a reference point for the value of Sia a coin that has duplicated its value during the last month? That's a horrible control. Is anybody panicking around about the dollar devaluation because the USD/BTC charts say so? But in the case of Sia it has even less sense to use the BTC as a control for its value, as file contract prices are adjusted manually to dollar prices by the hosts. It is an economy linked t dollar prices. And if you check the SC/USD charts, you'll see Sia has grown enormously, reached a peak at 2 cents on May, and since then it has been stable at the 0.7-1 cent of dollar.

Ultimately, still you are only using market charts to determine how good a project is. Seiously @attilafx, if you are an investor and you are only looking at BTC charts to know which projects are good or not instead of checking more info, digging in the communities and learning abut upcoming features, sell right now all your positions in cryptos because very soon you are going to lose everything