Topic: [ANN] Sia - Decentralized Storage - page 207. (Read 1382228 times)

It really depends where you look at.

I think that the main reason to the sia price being low is the very high inflation rate.

About 200K siacoins are being created every 10 minutes which is an insane inflation, I think that it is the reason that the price keeps low instead of skyrocketing.

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That's quite a lot. it's not inflation but hyperinflation then. No wonder every uptick is being sold into.

If I want to buy Sia low and cheap you could argue that I already can since it is trading below 1000 sats. look at the market orders. right now there are 40 BTC buyers and 10 BTC sellers in the range of 180 to 190. Still price is grinding lower. There is no buying interest in SIA. and with a zillion BTC traded on a single day you can not deny that the market isn't interested in this coin. And there I go back to my initial statement. If it was such a great coin we wouldn't trade this low at all. I'm not here to ruin the party, but you have to see the fact that the market isn't interested and if the market overall isn't interested you might actually see much much lower prices. Especially as the dumping continues because somebody is selling all the time.
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It really depends where you look at.

I think that the main reason to the sia price being low is the very high inflation rate.

About 200K siacoins are being created every 10 minutes which is an insane inflation, I think that it is the reason that the price keeps low instead of skyrocketing.

They might not lie (they actually do, as they just show the mood of speculators), but you are either an ignorant or just a FUD spreader that wants to buy Sia cheap. Read what I wrote previously, buddy

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If I want to buy Sia low and cheap you could argue that I already can since it is trading below 1000 sats. look at the market orders. right now there are 40 BTC buyers and 10 BTC sellers in the range of 180 to 190. Still price is grinding lower. There is no buying interest in SIA. and with a zillion BTC traded on a single day you can not deny that the market isn't interested in this coin. And there I go back to my initial statement. If it was such a great coin we wouldn't trade this low at all. I'm not here to ruin the party, but you have to see the fact that the market isn't interested and if the market overall isn't interested you might actually see much much lower prices. Especially as the dumping continues because somebody is selling all the time.

I have the feeling that you are not very familiar with these kind of wallets, so lets keep it simple: if you are not familiar with cold storage solutions, just use the official UI client. You'll have to download the blockchain, but with it you can send and receive transactions.

A cold wallet software is simply a generator of address for you, but without using a full client you can't see the balance or send coins: it is just an address generator that will provide you a recovery seed you can later use to access your funds in a full client. Some people like to use these kind of cold wallet generators in computers that NEVER have access to internet, to maximize the security. But that is optional.

Thanks.

It says, "sia-coldstorage is a utility that generates a seed and a collection of addresses for a Sia wallet, without the blockchain. This is useful for creating 'cold wallets'; you can run this utility on an airgapped machine, write down the seed and the addresses, and send coins safely to any of the addresses without having to worry about malware stealing your coins. You can use Sia to restore the seed and spend the funds at any time."

Does that mean I should just turn of wifi on my computer while running the utility?

Also, what does this mean: "Take in mind that for being able to expend those funds again you'll need to use the full client"

Is that the same thing when it says, "You can use Sia to restore the seed and spend the funds at any time."

Does that mean no matter when, if I ever want to spend/sell/trade my Siacoin, I will have to install Sia-UI and download the full blockchain?

There is a reputable group of developers preparing a Lite wallet that will not require to have locally the full blockchain, but they will need some extra weeks to release it.

Alternatively, if you just need to generate some addreses to keep funds in cold storage, you can use this tool: https://github.com/avahowell/sia-coldstorage Take in mind that for being able to expend those funds again you'll need to use the full client

Hi all, new to Siacoin here. Is there any way to keep SC in a wallet without having to download the entire 4+ Gb blockchain?

I'm glad to read that this is considered a good intermediate scaling solution, where the end user might not even know what a sia is.

why is flamer the that crypto?

I never said our thought that and I don't understand why you're so hateful. Are you paid by somebody to ruin the thread ?

How is anyone going to purchase a decentralized P2P network, a protocol? They can buy Nebulous Labs (developer team) and hire their devs, but still Sia is a decentralized network, the can't turn it off or force particular uses of it. It is the same as wondering if someone can buy Bittorrent or the whole Bitcoin protocol: they can't. They could try to buy every coin out there, good luck with that, I am not going to sell mine cheap :-)



As other people is stating correctly, take in mind that the target audience of Sis is not particular users or small companies, but actually large companies and storage providers. But still, small users will benefit from SIa using these big providers that will use Sia as the backend of their storage. This is: you will not "touch" directly the Sia network (and so needing to buy siacoins), instead you will use services that use Sia as their storage layer, and you'll pay them in FIAT.

In the same way, particular users and small business do not buy storage to AmazonS3, Azure or Akamai, and instead they buy storage to Dropbox, Onedrive or Apple, that actually usethe storage layer of the former companies.


They might not lie (they actually do, as they just show the mood of speculators), but you are either an ignorant or just a FUD spreader that wants to buy Sia cheap. Read what I wrote previously, buddy

So there you have it. As I said before. The  devs failed miserably. If it was such a great coin then price would be in the thousands sats and not below 200. Like I mentioned before, charts never lie 

Now back to LTC and other coins where there is at least some positive communication regularly from the devs. God luck to the bagholders.

Agreed ! Looks like everything is already in the pipe !

Yes, definitely, I think integration on other services, with other interface for people would bring SIA into another level. And it'll be all good

Recently had a "coffee machine" chat if I can say so, with an engineer. Those points have really cooled him down

About the first point, @Hakkane said this few pages before :
Pixeldrain (https://pixeldrain.com/) is a service for large files sharing, currently free. The author is implementing Sia as a backend and will allow a free tier like now, and a paid tier for very large files. There are at least 2 more projects that I am aware of, but they are personal communications, so I can't disclose information, sorry.

So it might be a solution

Hello Hakkane.
It was not my intention to write down random lies.
And also I'm not a sigspammer as you can think.

I think Sia IS a very good project where I put lot of attention and money since beginning and I'm very disappointed regarding actual price and future. That's why I opened 3 discussion points.

1) closed. Nothing to say.
2) OK, network is mostly in europe. But my sentence is not a lie and I think it's not totally wrong.
Point is : without a low sell limit people can sell off or sell too low their free hd space. And this is something it's not possible (or I don't know how) to see with current network map.
If sia dont create a valid demand, price wil stay low.

3) Anonymity of transaction is relevant for people that share lot of hd space and want to stay anonimous... But ok other points you mentioned are more important now.

Wishing all the best to sia team. I would like to remember you tgat I come in peace... Please lower your sigspammers hate!  

believe me there are no real people using sia as a storage platform, all the hype is just because of speculation and why the hell you think that sia will be 1$ , do you know if sia get 1$ then the whole cap will be out of milky way, the total supply is insane for sia.
The storage has to be cheap if you want to compete Google and AWS so why the hell you think the per token price will rise when the the technology is just meant to keep the hosting cost daam'n cheap.

That's true but there is like, 0 communication on SIA. I talked about it to some people I know who might need secure cloud storage for work and they're all interested in it. There is a few things that stop them to step in :
- They're not familiar with the technology. They're used to a drag'n drop through web interface or shared folder in Windows / OSX. The whole you need Siacoin is still mysterious for a lot of people.
- They know nothing about centralized/decentralized storage. And even if they know a few... they know nothing.
- They have to buy Siacoins for using it. And I know it's easy, but I also know everyone isn't used to do such things. A lot of people who would use this product aren't familiar both with the tech and the whole crpyto world.
- They never heard about SIA ! This thing need to be putted in front of people who have already the need for such product. You can have the best product in the world, if nobody know about it, it'll stay in the shadow forever.

Google, Microsoft or Amazon can buy it if Sia is successful, till now the reason of popularity is just speculation i dont see anyone using the hosting in sia network. Google, Microsoft or Amazon don't spend a penny on projects that are just based on speculation .

I believe in slow and steady price rise then unusual pump/dump..
dgb pumped then dumped.. doubt if it can hold price