Topic: [ANN] Sia - Decentralized Storage - page 491. (Read 1382227 times)

I have updated the siafund database. The final update to this database will be on June 1st. I will be checking NXT sometime after 12:00pm EST on June 1st. Any late submissions will not be included in the genesis block, and will be property of Nebulous at launch.

We do plan on honoring late submissions by sending you your siafunds manually afterwards, however we hold no legal obligation to do so.

There are currently 148 sianotes that are unclaimed. This is a significant number, please claim your sianotes. Less than a week remains.

The current database:

There's not much we can do about that, but maybe the nxt devs can help you?

Things seem to work fine for 1.4.18.

I am unable to send Sianotes and message to redeem on NXT Wallet, get message "Feature not available" in NXT wallet, Windows 7, client 1.5.9, wallet 1.3 .

low cost, high cost efficient

1 - I'm not sure we have enough users yet to justify a forum, but hopefully we'll get there soon.
2 - I'm generally against paying for press coverage, because I believe  that the press should present on things they honestly believe are interesting, not things they were paid to present as interesting. We're more than happy to do interviews or answer questions for anyone who might want to give us press coverage though.
3 - Bounties are good for very short term goals, but our goals are much more long term. I think a full time employee would go a lot farther than a series of bounties that accomplish the same thing - with the employee you know they are learning the product and have a consistent amount of work, plus they get to maintain their own code instead of us having to maintain lots of code that was acquired through bounties.
4 - I'm with you on that one. An introduction video might be worth our time, and we do have a facebook + twitter.
5 - This also needs to happen. In the long term, we don't plan on needing exchanges, but in the short term we need to be listed.
6 - There are some good reasons not to chase ASIC resistance. Our algorithm is not ASIC resistant and we're fine with that. No ASICs exist for it yet but I'm sure there will be some soon enough. I've been convinced that 300,000 coins per block is too many, I'll try and find an easy way to reduce it without changing too many other things. We might just shift the decimal place.
7 - Dev's identities are already public. I'm David Vorick, and my cofounder is Luke Champine. Sia is managed by the company Nebulous Inc., a Delaware C-Corp. That should be enough information for you to find everything else on your own.
8 - We are trying to keep up to date with the documentation. There's a very long todo list, but documentation is near the top. Our current documentation I think is pretty good, happy to fill in gaps where people feel like more information is necessary.
9 - I hope we're doing good with the honesty part 
10 - We are looking for a marketing director, it's a paid position if anyone is interested.
11 - We feel quite strongly that Proof-of-Work is much more secure that Proof-of-Stake.
12 - Any sort of moblie app is a ways out, we have other things that we would like to do first. Most people's storage needs are all on their computers. Eventually, we do plan to support music, video, tv, and movie streaming to phones but that's a long way down the road. We do have an API, if you feel like there's an application that's worth developing, we're happy to help you do it yourself. There are a lot more cool things for Sia than me + Luke alone can code up.

For more on ASICS: https://download.wpsoftware.net/bitcoin/asic-faq.pdf
For more on Proof-of-Stake: https://download.wpsoftware.net/bitcoin/pos.pdf

No! Here after block 270000 reward doesn't decrease

There's no reason you couldn't just trade multiple siacoins per satoshi. I do not believe that the price will fall below 1 satoshi per coin, but even if it did that would not stop you from trading bitcoins for siacoins.

Additionally, with the 30 minute block time, the block reward would be changed from 300k per block to 100k per block, and blocks would be 1/3 as frequent - a total of 1/9 the current coin volume.


We don't retarget the difficulty every 2016 blocks, we retarget the difficulty every block, and after the adjustment to 30 minute blocks, that would mean every 672 blocks. Because we adjust the difficulty every block, we would not have to worry about a 5 month difficulty adjustment cycle. There is still a clamp on how much the difficulty can change per block, but it's flexible enough to let the difficulty change by ~7x every 2 weeks.


We're working on an implementation now, there should be one available by June 7th, the launch date of our coin.

So i see some problems in this sistem.
1. Very large block regard = 300 000 coin. This volume of the got coins in the first month will be simply huge that will bring to that that the course at the exchange will fall below than 1 Satoshi per a 1 coin (0.00000001 BTC) and the auction will be held for other coin, for example for Dashcoin or Litecoin- that will negatively affect reputation of a koin as it can't be bought at other exchanges where there is no dashcoin or litecoin. Need change regard per block to 30000 coins( 1st block), 29999,9 (2nd block), 29999,8 (3th block)
2. Time to block is 30 minutes with time to check difficulty= 2016 block, its very seriosly. Because of that that the mining on GPU will be available right after start of a coin, time of recalculation of complexity in 6 weeks can lead to effect of "rocking of the boat". If to look at a mining at a PROTOSHARES that the network very seriously suffered because of that that time of recalculation of complexity made 2 weeks, and miners on videocards in large quantities left a network when it became not so favorable to maynit a coin. As a result recalculation of complexity instead of 2 weeks lasted for 5 months (since the end of April, 2014 prior to the beginning of October, 2014). As the course of a coin influences number of capacities in a network in the most direct way, it is necessary to make complexity recalculation every day, well a maximum of times in 3 days.
3. Where be available software to GPU mining?

BTT has been down for a few days but we've been working.

We've got a new set of releases. Larger files should work better now, but we've set a cap at 500mb for the time being. We'll be able to do much larger files in the coming months. https://github.com/NebulousLabs/Sia-UI/releases/tag/v0.3.2-beta

File time is still kept at 1000 blocks, which is about a week. We'll be raising that to 4320 blocks (~30 days) on June 7th.

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This may be controversial but on June 7th we might be releasing with a block time of 30 minutes instead of 10 minutes, and a block size of 5mb instead of 1mb. As much as altcoins like to try and reduce the block time, most of the attacks against slow blocktimes are still moderately viable at 10 minutes. This is of course still true at 30 minutes but the impact is much reduced. We're going to have a network of payment channels that will make most payments instant, which means the biggest place that 30 minute blocks comes to play is when you first join the network. Getting established will now take 90-150 minutes minutes instead of 30-60.

We'll adjust the block rewards to keep the same inflation rate, and a few other of the variables related to time (difficulty adjustment, etc.)

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We've also added a bunch of social media links to the website: www.siacoin.com

twitter, facebook, slack, a newsletter, and github.

Let us know what you think of the updated UI - several bugs have been removed.

Because they would rather host their own ledger than use Ripple's centralized ledger.  Why they are actually wanting to use a blockchain is beyond me.

Everyone should sign up Sia on Slack where one can see more update - https://siatalk.slack.com/messages/general/

yes strange

Name:    Taek
Last Active:    Today at 08:16:55 AM

Any news?

Why do you need an internal blockchain if you can already leverage centralization? Presumably Seagate trusts their own servers.

I think what many people fail to see in regards to Ripple is that companies like Seagate aren't interested in using Ripple or XRP, but rather using the Ripple protocol for their own internal private blockchain.  Basically a clone of Ripple that is maintained and updated by Ripple Labs.  Ripple clone is fast and easy for a private centralized solution.  A lot of people think that Seagate will be buying and using XRP, which is so far from the truth.  Sidechains is trying to offer a similar solution whereas companies can have their own private (bitcoin clone) blockchains but with the huge advantage of pegging/communicating with the masterchain (bitcoin) which would be a huge in my opinion.

I like Sia because it's offering a new and unique solution in the crypto market, not just another "coin" with promises.

Apparently Ripple also just did a $28m seed round, which is pretty incredible, especially considering that their valuation has tanked recently.

It's good to see the Seagate is interested in Blockchains. Often times when one big company switches technologies, the others feel a lot of pressure to do the same. That could end up being very beneficial for Sia.

Seagate saw the potentials of the blockchain technology - http://www.coindesk.com/seagate-ripple-investment-shows-were-serious-about-blockchain-tech/

That makes life very easy. Here's the signup link: siatalk-slackin.herokuapp.com/

https://github.com/secworks/blake2

This is an fpga implementation of the Siacoin mining algorithm. Props to cyrozap for finding it.

Cyrozap also said he made some modifications and is running it on an fpga right now. He plans to open source these modifications, but I'm not sure what the timeline is on that.

my email is in the sig - but have no experience with slack ...

would like to see if you dont mind ...

[email protected] ...

#crysx