Topic: [ANN] Sia - Decentralized Storage - page 225. (Read 1382228 times)

It might be up %20 but if you are trading into bitcoin its
difficult because bitcoin hit a high in the last 24 hours of $3333.00

For me its not about the value, its about the belief in the project for the long term.

I want it to fall a bit more so I can refill my pocket.

Want to buy some more sia and probably going to get in at about 290, which seems to be a strong support point.
I believe in the project!

agree. It may take some time to see the progress of this project for progress.

It is up 20% in the last 7 days, that is not so bad. I would prefer a slow steady rise so a larger base of support will be formed.

The price fell a lot, from 500 satoshi to 400 satoshi and now it is sitting in the 300 satoshi, in June sia was in the 600 satoshi ... it was a very big fall and it seems that it is not recovering.

It's called shake out to get the weak hands out...

What happened with Sia? It drop so hard. More then most of the other coins. I don't get it.

A lot of people are praising this project, but its price is still low when it goes up?

It's a good project, good devs - but it is the time to rise. Some company support would be amazing.

I don't know what to think of this coin

That's the point.
If coin price is that low then mining and rewards for long term contracts will attract nobody.

Thanks for the detailed response. I downloaded the blockchain file and it worked like a charm.

I didn't hear about filecoin at all. And TBH I hate all ICO projects. Better PoW + some premine for devs and it will keep them super motivated for good development. Once ICO is over and ICO team has got money in their pockets, they act very very slow

Honestly, Sia suffered a lot from the crash and did not recover yet.. By far not.. I would have expteced Sia to recover a bit more. Maybee 300 - 330 is just it's price.

That's great!
I also think that Sia has a really great future and I already own millions

I believe it could reach something between 600-650 at the near future, all we have to do is just to wait, in my opinion.

just discovered SIA, Such a good idea!

The project definetly looks promising, purchased 5000 SIA at 300sat.

By looking at SIA's chart and seeing BTC's new all time high, I'd say there's nowhere to go but UP! Now is the time to grab them cheap SIAcoins.

Will be keeping my eye on this one from now on.

yes its looks like that same but not
and i agree with the ZOZO
1:(- In Sia, hosts are encouraged to keep the data too because they'll lose future profits, but at the same time they are heavily discouraged to drop the data because they'll lose as well a huge amount of Sia in collateral, normally several times more Siacoins than the reward for storing data. In Sia, hosts are punished for dropping the files. Neither Filecoin nor StorJ have the concept of collateral)
2:(But being the miners the hosts as well, if half of these miners-hosts leave the Filecoin network, files will become inaccessible. And for a storage network, this is a huge problem.
these two questions are blowing my mind wight now

Well, starting with the most obvious thing: They have no product yet available. No, client, no network, just an ICO they'll launch in a few days. I don't say it is an scam, because Juan Benet (dev leader) is a really brilliant guy and I assume the rest of his team too, but they are right now at the point where Nebulous (the company of Sia devs) was 3 years ago, so they'll have a long, long road to reach the maturity of the development Sia has. Moreover, they have not completed yet the theory development of their consensus mechanism

Both are going to be a decentralized storage networks, right, but in my modest opinion, while Filecoin has good ideas as the filesystem, proof of replication, proof of space-time and so, they lack the trustless features of Sia.

Because one thing is encouraging hosts to keep the data, and another different is discouraging hosts to not drop their data. Both things look similar but let's see the tricky differences:

- In Filecoin and StorJ, hosts are just encouraged to keep the data because if they do it, they will get a reward. In the case of Filecoin, mined new coins. So if you stop mining, you lose future profits

- In Sia, hosts are encouraged to keep the data too because they'll lose future profits, but at the same time they are heavily discouraged to drop the data because they'll lose as well a huge amount of Sia in collateral, normally several times more Siacoins than the reward for storing data. In Sia, hosts are punished for dropping the files. Neither Filecoin nor StorJ have the concept of collateral

At the same, while in Sia miners and hosts are two different entities with different motivations and different economy parameters that affect if they stay or they leave the network, in Filecoin the miners and the hosts are the same single entity. In any coin, it is very normal that a large fraction of miners leave a coin if the value of the coin drops: if the market value of Filecoin drops to half (something totally normal in altcoins, specially in their first years) it would be perfectly normal that half of the miners jump out and start mining other thing more profitable: Burst, Sia, Storj or any other coin that comes in the future. They have the incentive to do it because they'll get more gains and no punishment. But being the miners the hosts as well, if half of these miners-hosts leave the Filecoin network, files will become inaccessible. And for a storage network, this is a huge problem.

Filecoin: A Decentralized Storage Network
SIA: Your decentralized private cloud

Same-Same (but different)

FileCoin is not even at early development  status, it hasn't started yet.
I have no idea where you heard of the thing that FileCoin is a treat to sia, but it has nothing to do against sia at the moment.