Topic: [ANN] Sia - Decentralized Storage - page 369. (Read 1382228 times)

3-4 sat is an easy buy.

Google Dedicates $1M In Research Grants To Keep Google Drive Safe
http://techcrunch.com/2015/12/17/google-dedicates-1m-in-research-grants-to-keep-google-drive-safe/

Are there plans to have a security researcher to do a code review?
The bigger players all have the means. Maybe a bounty can attract a CompSci PhD student or alum.

Will be good to get some at 3, but I am not sure will happen again soon!

Hmmm good observation and point   Perhaps opportunity knocks lol

Really I think all that is holding Sia back right now more than likely, is the next version release(s) I say holding back for lack of a better word. I think many are waiting in the wings on future Sia releases that will address some of the bigger user friendly issues more than anything else. For those of us who have followed or are invested in Sia, our confidence in the concept is already there! We know it works as it should in terms of security and redundancy etc. ( the meat and potato's ) of it, is all good  

At this price I feel stupid to not buying a little amount of sia...

Did someone know what coming in box ?

Thanks

Just a word on MEGA. Kim Dotcom lost his extradition case. Both him and very likely his closest collaborators may find themselves soon on a plane to the US. Also, he's basically broke. I've moved all my stuff of MEGA as I'm waiting for the house of cards to fall very soon. All the better for Sia of course. I think a lot of MEGA folks will start looking for alternative safe storage.

I do believe that the data disagrees with you. Also, at today's prices it's quite manageable for a professional hosting service to undercut Amazon by about 3x, Amazon has a huge markup because they are the name that everyone recognizes. Sia makes needing that name irrelevant, which is one of our biggest innovations.

Does it really matter how many coins there are? The price of storage use will be set by the host. Whether there is 1 billion or 20 billion coins. I think the important aspect of the large coin supply is to insure there is enough to meet large scale storage demands.

What you may pay now or in the future on an exchange for coins is less a factor minus speculation, for what you may be paying when you use them for storage hosting. Of course if hosting goes up per GB/month then it will require you to purchase more coins to meet your needs, which I assume will push up exchange prices. The eco system will balance itself out. Also miners will not mine at a loss, so that will effect prices as well. But to say there is a retarded amount of coins... well we just have no way to determine that right now.  

Still 3 times more space needed. Meaning, SIA hosts should level hosting prices being more than 3 times lower compared to existing cloud services. I don't think that profi high-capacity data centers could offer 4 times lower price. Hobby hosts could do that. And SIA needs many of them to be able to knock on Mega's door and say "look what capacity and price I can offer"...

Like I stated earlier, you need to upgrade to version 0.4.8, and then use the 'load legacy wallet' button in the UI. Sia is not a bitcoin/litecoin clone, it is coded from scratch. There is a console, it's a program called 'siad', and can be downloaded here: https://github.com/NebulousLabs/Sia/releases/tag/v0.4.8-beta


We aren't using the same technology that they are using. Are you familiar with Reed-Solomon coding? It makes storing files online substantially more fault tolerant. Currently, we store 5 copies of the file across 10 hosts. The original file can be recovered from *any* 2 of the hosts, which means that you just need 20% of the hosts to be online when you want the file. Host uptime on our network is over 90%, so the chance that a full 8 out of 10 are going to be down is very slim. These numbers will get substantially better as the number of hosts increase, but already they are good enough to not be causing problems.

Interally, most datacenters do you 3 redundancy, by the way. Additionally, as you can see from our pricing we are able to compete on price, even at this early stage.

Any ideas from the developers ? The wallet seems to lack a console ( or i can't find it ). In any bitcoin/litecoin clone a checkwallet and repairwallet should've done it.

They surely do not. But their nodes are mostly online, while sia users can come and go whenever they want.

I seriously doubt they use 4 or 5 times redundancy for storage like SIA is considering to use.

looks like a decent project but coin supply is retarded sadly

The current block is 29176. You're not that far off. Did it sync further?

If not, and you in fact got stuck you may have to restart the deamon. I would restart siad from the command line:


then start the UI again. It should continue synchronizing the blockchain from where it left it.

Lets not forget that they all use X-redundancy, huge storage facilities, cooling systems, tech engineers to maintain it all, managers to take big salaries..

I have never seen Sia as making any one host rich, but should yield enough in storage fees for each host to use and pay for their own storage,,, at least initially I would think. Other words, were as I may be a host its a small amount of HD space right now. I did not rush out and upgrade to 2-4 Tb of storage... yet  

I still see Sia becoming popular once its more user friendly.

One can't compete Amazon, Google or Microsoft using the same technology they are using. Just because of X-redundancy, storage price will be X-times higher. Unless army of unused HDD parts jumps into equation with Y-times lower price. Competitive condition is Y to be significantly higher than X. My imagination of future SIA network was massive number of small hosts.

0.3.3.3 was deprecated over a month ago due to a hardfork that was advertised 2 months in advance. You need to upgrade to 0.4.8, and then use the 'load legacy wallet' button. If you got your coins by mining, then your coins are not going to be valid because you were mining on an invalid chain.


Our experience so far has actually been pretty encouraging. Businesses don't seem to be afraid of cryptography nor cryptocurrency. They are more concerned about the current usage stats on the network - 4TB is not enough for them to feel confident moving production systems over. Of course, Sia is in general rough around the edges and we're looking to polish all aspects of it over time, but it's important to always be focusing on the most important features.

Sia developers do not sell Siacoin. You can exchange bitcoin for Siacoin on http://poloniex.com. You can also buy Siacoin today at http://nethut.no with credit card (Visa 3D Secure only), PayPal, bit/altcoins and bank transfer. For now, order have to be place through the Storage cost estimator at http://siapulse.com/page/market.

BTW: This vendor is unaffiliated with Nebulous Labs (the Sia developers).


The developers operate with real names on GitHub, they have their address and location indicated on their Facebook page etc.


That depends on your jurisdiction. Presumably, Siacoin would be taxed just like bitcoin in most jurisdictions. Earning Siacoin from hosting storage would be similar to earning bitcoin by mining. Where I'm from (Norway) 25% VAT (domestic sales only) is charged on all cryptocoin sales.


Many, but some I think are note-worthy:
Redundancy & geographical decentralization
Built-in encryption (only you have the private key; ask Dropbox, Google Drive etc about that)
Permanent record of file contracts (on the blockchain)
Cryptocoin based (you have bit/altcoin; no need to convert to fiat to buy that storage)


I think that's redundant as unreliable hosts are never paid for files they loose, and renters receive a refund (automatically once the file contract expires). Sia also attempts repairs of files when redundancy drops due to hosts going offline (which happens ALL the time). So, loosing your files due to a few bad eggs is unlikely.


The closest you get is geographical localization of IP addresses, unless hosts willingly announce their names/location in some forum:
http://siapulse.com/page/network


Sia developers are (rightly so) focusing on core features of the Sia protocol, such as renting/hosting/renewals etc. A "drop-folder" feature could be (in fact: are) developed by 3rd parties today using the Sia AP.


There is no versioning built into Sia. As of today, you would have to re-upload the entire file if it changes.


Not yet. Possibilities are that a direct seller of Siacoin top-up your balance using a stored credit card, or that you build your own tools to automatically exchange BTC for SC on Poloniex.