Topic: [ANN] Sia - Decentralized Storage - page 38. (Read 1382227 times)

coins to their decentralized network cloud mining plans yes...regular hash rate NO...

from what I understand siacoin ASIC's are used to protect the network...siacoin price

will be derived from such....thus the fork...thus a lot of siacoin (tokens) that will be in play

for the value derived from their 'cloud storage' solution.

inform me how I am wrong on this...if 1) siacoin's price now is due to scarcity and speculative

pump and 2) how this plays out with the 2nd and 3rd leg of this stool (assuming the fork is leg 1)
r
leg 2 being the cloud storage network for value and leg three being the ASIC's to run such.

I'm just saying all the parts have to be in play

again, where have I stray'd in your view on how this all is gonna shake out?

my terms are likely incorrect..but how I see this. IF siacoin price is dependent on the decentalized

cloud storage that sia-tech wants to compete with...and the siacoin is the coin/price...how does

having a crap load of coin in the world now 10-15x more than they expected when they were the only

supposed blake2b obelisk maker this year? Again, how does that work for value now of their vision?

or hell maybe it does not matter 10x-15x the siacoin in the world or not..if the cloud storage method

flops...the coin flops and price flops no matter how many exist...

again, educate me on how the price of all this siacoin is reflected in price on a cloud storage network

that is not up to speed yet? All speculation? Amount of siacoin is irrelevant to such?

again, how do you all see this as panning out?

brad


brad

But how to take him seriously if he thinks (over and over) that increased network hash rate means
we're mining more coins over time? I explained about how adjusting difficulty to keep block time
constant works, but he keeps ignoring it

I find the "rants" to be more informative than the pure astroturf you find on reddit

SC is worth owning just to read Vorick's blog...
But until I see a proper analysis of the ways Amazon would attack p2p storage if it ever hits 1-2% market share...
I'm going to assume that p2p storage is NOT commercially viable...
Except maybe as scratch pad for IoT devices or deep web mass storage.

https://www.computerworld.com/article/3250274/data-storage/blockchain-and-cryptocurrency-may-soon-underpin-cloud-storage.html

This is actually a decent article from a mainstream computer mag as opposed to boilerplate crypto hype...
You can see that Vorick is indeed targeting "cold storage" and/or the deep web's insatiable storage needs.

There are a lot of opinions on the fork, but I think it's a good thing they are not abandoning their early investors and most loyal supporters.

Although I agree it might not be the best solution for the network itself and reliability of SC towards partners, you owe this to the people who initially made this possible. It's a legacy debt. I'm invested in several projects who used their ICO money to set up their business, only to abandon their investors and focus on new business models and investors. That's harmful for the crypto market in general (even though it might be beneficial for that single coin). It makes people think twice about being early investors and hampers new startups in finding investments.

Although I own SC (and no miners), I do support this approach.

You still think number of coins mined is dependant on network hash rate?

a buddy said the siacoin fork was Oct 31st, 2018 (Halloween) ...seems appropriate

I cannot find the final date for the hard fork, but finally the shoe drops.
I wish the team can then move forward after the ASIC thing coming to an end and focus on improving the Sia project itself.
There are more competing decentralized storage projects coming out, I think the Sia team needs to hurry up.
 

Sorry, small issues (kinda yet)

1) 10-15x of more siacoin that they expected is in the wind, when they thought they'd be the only blake2b

ASIC at this point in time,  much, much, more than they needed for the supposed

Sia-Tech anonymous and decentralized cloud storage network. That is to compete with Amazon Cloud

at 10c to the $1 Amazon Pricing. Still, deafening silence on that, not near complete enough to handle

the obelisk ASIC's IMHO, not to mention all that Siacoin,  in the world, mentioned above, in which price is

based on 'scarcity' and 'real world use' which they are nowhere near yet. These are still daunting tasks.

The other point is on Oct 31st, is it? When they fork you really, really, think that Bitmain and the others are

NOT gonna fork a 'Siacoin Classic'? Of course, they are, or their units are toasters. Not to mention in 3

months, by my guessing, that Bitmain will make a 'forked' coin ASIC, just because. (Bitmain: We are evil, it

is what we do!) (tm Bitmain)

It is a step in the right direction, but they have a lot of work to do yet, to keep Siacoin viable IMHO.

As usual, I really, really, hope I'm dead wrong...but don't count your chickens and all that yet, etc etc.

later

brad

sorry deleted my post am frustrated cause wallet no work on multiple tries on multople machines gonna forget about it and move on to better
Good Luck

https://blog.sia.tech/sia-proof-of-work-reset-24b5ec439625

Happy?

I know I am, if I won't have to read long rants anymore 

Well, IMHO, IF they really did incorporate an ASIC hardware solution in their Siacoin Obelisk miners and the

Obelisk decred miners, I think they need to have that as an option in firmware for a new algo and coin

to take advantage of this. Ideally, that coin/token would be used to run the siacoin network and/or

allowing only Obelisk hardware to be the backbone from the get-go.

If not that, at least opening up this hardware to other algo options would be something.

Again, if that actually exists, as they state or it was just a 'false flag' attempt to slow Bitmain down

back in the day.

Likely, as much as the devs say the price of siacoin does not matter to their cloud storage project, the

probably are as heavily invested as everyone else. But again, IMHO, if they were ONLY a hardware

manufacturer, they would already have used that asic hardware option in firmware to try and develop

a different algo and encourage developers to use such on their coin

Anyway, decred miners are doomed, you'd think at least they would use such for the decred miner or at

least do what the innsilicon folk have done with their firmware to allow HCASH coin mining.

If nothing else, that seems to be a firmware fix the could do of note to make their obelisk decred

miner MAYBE float a bit longer, rather than sink. (not sure why I'm bothering got my 1 decred coming

for giving away my 5 1/2 off obelisk coupons back in the day...even that likely will not make over electric

use, by the time I get it..just saying) well, it looks dire....just my 2 satoshi's worth ..we will see I guess

The project isn't dead, in fact the product isn't even really finished. There are many possibilities of improvement, and that's why it could grow. Moreover, the public doesn't know well Siacoin, it's still an unknown cryptocurrency (except for the people that are in the crypto field). Therefore many businesses but also private consumers could be interested. After all, Bitcoin hasn't changed fundamentally since 2009, it's our world that has changed a lot.

This project is still worth to keep an eye on, because the developement team i always good for a surprise. I think it cannot be wrong to have some Sia in your pockets. We will see what is coming next.

And why the price grew in December-January? Do not look for fundamental reasons, it's much easier)) This is all market speculation.

Sia is definitely one of the best project out there 

I purchased cloud storage with SC, but... honestly, hopefully the price was really cheap (regarding other cloud storage services) because it was really complex, non intuitive and... well, let's be honest, I finally never used that space storage because when I finally was able to upload files, it turned my computer crazy when I tried to upload... I always had to restart my computer after a short time (info : but I'm able to play recent video games). My main goal was to test the functioning of Siacoin.

I'm supporting Siacoin since June 2016, and I really think it's one of the best project in the crypto field, but from a critical standpoint, it's not working properly for the moment. People don't want to spend time to understand how Siacoin works, to solve issues that they would encounter, without being sure that it'll work at the end and that even if it's 5x cheaper than Amazon S3 services.

Imo, I would say that it's important to still be aware that a lot of work is still needed for Siacoin to make a breakthrough. I invite you to try their cloud storage service for making your own judgment. It was still a great pleasure to finally see a project that is working, even if it was a little bit tough, and to experience it ! I hope it'll be easier and massively adopted in the future

zherbertLast Tuesday at 10:27 PM
For those that will inevitably be asking: we just submitted our listing application with Coinbase, as per their blog post https://blog.coinbase.com/new-asset-listing-process-a83ef296a0f3. Looking forward to hearing back from them.



This was posted on the Sia Discord Channel under #Announcements

this would be awesome!!!!!

SIACOIN exit pump? :-D lol

===>

https://poloniex.com/exchange#btc_sc

I don't know if this will happen someday but you are not taking into account the growth of the whole crypto market in general. It is quite obvious that if SC reaches 20 cents, the whole market would've recovered and a majority of the mainstream coins would've gone up in prices. So no, SC going to 20 cents doesn't mean its mcap will be more than BCH (or any other coin whose mcap is higher today), because there is a high chance its mcap will also go up. It doesn't make sense to compare the potential-growth mcap of a coin with the current mcap of another (unless you are sure this other won't go up/down anymore, which is impossible).

Easily 20 cents? That means that SIA should have bigger market cap than the #4 - Bitcoin Cash cryptocurrency Do you even know how to calculate potential growth or you are just talking out of your ...? Don't even wanna mention the "easy" 60 cents price for this coin lmao For this coin to cost even 2.5 cents, the market cap should be more than ADAs MC, which I dont think we would see at any point in the near future. Stop talking BS and luring people with false hopes.