Topic: [ANN] Sia - Decentralized Storage - page 208. (Read 1382196 times)

I'm new into this whole scene and I was wondering... Is Sia can be bought ? What would happen if Google, Microsoft or Amazon buy it and maintain the service, linking it exclusively to their services ? Is it possible ?

I purchased SC for 190 satoshi, and I think it is great cost for this coin. Furthermore, now I'm sitting tight for higher cost.

Moral - don't put all eggs in one  basket.

Why? because you do not profit x5 / x10 within 2-3 weeks?

Hmm... seems like an educated statement of objection lol

shit coin..

SiaCoin is slowly recovering it's price as digibyte skyrockets and increases its value in about 50% less then one week.

What do you guys think about what siacoin price is going to be in the next few days?
As a holder I expect atleast a 20% increase to the rate of 250 sat/sc , it would be great!

Yes, thank you.

Normal people benefit because of the lower prices. You can use Sia and pay $2/month and have better privacy, redundancy, with out worrying about some centralized owner changing the rules on you.

Or you could pay a big cloud provider $10/month, worry about them peaking in your files and worry about them cancelling or reducing the service on a whim.

I hope it is clear now how normal people could benefit.

So if I understood right: the pricing is about 1$/1TB per month?
Isn't that way to low for regular normal people?

If you look, how many TB do most of regulars have in their system? Probably 1 or 2 TB HDD.
I don't see how this project can be used for small normal people (like myself), I see it only as only big HDD farms can benefit from it.

I would in your place has preserved its SC, perhaps you will be satisfied. Find SC on Poloniex and Bittrex, had already said in favor of this coin.

That was near all time highs. I was telling my friends at that time to stay away from crypto as it got to far ahead of itself with prices. It was clear to me it was in a minor bubble. Also if you calculate your losses in USD they would not be as dramatic as compared to BTC as BTC has quite a run of late. In USD terms I think SIA is about 55% off it's ATH.

Well like I said, it's not me who decides but the market and let's be honest charts never lie looking at the price. Just saying.

If the coin price goes up it doesn't have to mean that hosting on SC would be more expensive than competition, just imagine if the number of hosts and users comes close to the level of Google + Amazon + Microsoft - then we would see increased demand for SC and a lot higher coin price ...
Right now we can't really know will it happen or not, but so far the devs did a pretty good job. I remember how the SC client worked when this coin was in early stage and the price was below 10sats, back then it was an adventure to try to set up a host even for pro IT folks like me, now it works like a charm.
With video streaming coming within next 6 months and the ability to share files outside the SC network somewhere by the end of next year I feel like this project has a bright future and the current price (below 200sats) is a steal.

@jstern,
Few posts above, is your answer by Hakkane .

I was checking out the price for this, and it's very, very competitive with OneDrive, DropBox, etc. But what if the price fort he coin goes up? It could end up costing a lot more.

Sounds like a good coin to mine though.

that is usual business in cryptoland. When people lose money, they blame it on altcoin instead of their bad judgement. I suspect they bought recently after price increase.

I'm new in to this community, at least as a registered user of this forum and I'm extremely surprised to see people coming on thread for just vomiting their short term views and disapointment. "This project is a failure, I lost all my bitcoin and so on".

Sia bring something I never saw before, and it's already working. It's just a question of communication now.

My pleasure  to help

Yes, files are encrypted by the client using the Twofish algorithm (one of the most secure that exist) and the splitting and spreading of the file among 30 hosts is also carried out by the client using the Reed-Solomon algorithm.



Those minimal 2000SC are called Collateral, and it a guarantee you offer that you will keep your promise of hosting the files during the whole contract. If you are a good host, you receive them back. If there was no collateral (and this is the concerning case of Filecoin or StorJ), hosts would drop the files they are hosting as soon as another HDD-mineable coin was more profitable than Sia, thus making the files unavailable. Do we want a shit-coin in that conditions? No, for that reason collateral exists. To be a host is not an experiment of a weekend, it is a compromise as you are hosting the files of other people, and that entry point of 2000SC is actually very low. Don't you really have $16 to offer (that will be returned if you are a good host)? Seriously??



And what are devs not delivering, according to you? Sia is a working storage network currently offering 3.5 petabytes of storage among more than 700 hosts worldwide distributed. You have hosts at less than 50milliseconds of ping of every bigger city in the planet (which other storage provider can claim that?). File contracts are being formed every day and renters are uploading and downloading files. Take a look at the growth of file contracts:


(Source: https://blog.sia.tech/sia-may-august-2017-update-8929f21c56f7)

In a few months, reliability for renters will be revamped, file sharing and file streaming will be available and integration with many other services and apps will be enabled.

So what are they not delivering, according to you? What you might mean is that devs are not making you rich fast? Sorry buddy, but your investment decisions and their consequences are entirely your fault (or your success). Devs are not here to make you rich by you speculating with the price of a coin, devs are here to keep making a better product. And after what I have exposed it should be clear they are doing an incredible work in that sense.

I have an ocean front property in Arizona I'll sell you if you're interested for the remaining 1.75 btc and 1M sia.