Topic: [ANN] Sia - Decentralized Storage - page 98. (Read 1382198 times)

 This is huge news for Sia

Wow, it seems that Sia project and its platform have got a lot of achievements two years after launch. More services, more organizations, more companies used Sia storage platform and support Sia; more chances to see significant movement of its price in the future. Nice works and great announcement, dev.

Well I thinks is almost impossible to get voted, as WePower (WPR) is giving away free 0.1 BNC for voters and in case selected is airdrops 200 WPR aswell. And is currently leading the vote.
Maybe some other next rounds...

BTW, I already mentioned it as part of the previous answer, but as this si a big announcement, it deserves its own post.



Nebulous (the company behind Sia) is making a Tokenized Securities Offering of 750 units of SiaFunds, the second token of the Sia network. You can quickly understand what a SiaFund is in this video: https://www.youtube.com/watch?time_continue=3&v=ivPGc1N3w_8 This will raise funds to keep the Sia development.

The Offering will be open in a date to be determined in March to qualified investors of several countries. The selling scheme will be a Dutch auction, similar to the IPO of Google. This is a very unique opportunity, as only 10 000 SiaFunds exist and only 1250 were in circulation right now (sold during the original IPO 3 years ago). A 3.9% of all the file contract costs are paid as a dividend to the owners of SFs.

This is the announcement post: https://blog.sia.tech/

And this is the website to register for the TSO: https://siafunds.tech/

Maybe this means that the biggest part of the community is either against the listing in Binance or just feels indifference towards them, and that is totally legit.

Binance is a exchange that extort developing teams asking for hundreds of thousands of dollars to be listed, play social tricks with communities making these pay-per-vote votings and asks you to pay exchange operation fees using their own token (WTF!) of which they control the supply and price. Besides it is a China-based exchange, and some of us feels that their costumer-protection laws are sub-standard compared with European laws, for example. Being China-based that also means they are subject to changes in their country-policies and could shut-down at any moment (just remember all the news, rumors and closed exchanges we had in China last years). So it is perfectly understandable many users don't trust in Binance or at last they don't feel enthusiastic.

Dev team is ok if they decide to list Siacoin, and are promoting people to vote, but obviously will not cow Siacoin users. They will work with exchanges only if they do fair play.


That is because you are out of the loop. Try following their twitter or reading their blog: https://blog.sia.tech/ For instance, last month Sia was rebranded and today they have announced an IPO of SiaFunds (the second token of the network) for fundraising. Code improvements keep progressing and the other day they showed a video of the beta code downloading files at 60Mbps of average (https://twitter.com/SiaTechHQ/status/964608678035886082)

Why more are needed?

Why? And what's the benefit of short-term pumpings caused by listing in a new exchange without any support for the price in the long-term (aside from your individual economic benefits)? Technology first, then the profits to early investors will come naturally.

They don't, because unlike all those shitcoins in your portfolio, Siacoin was never premined by the devs, so they don't have two-digit shares of the coins like other alts to sell them to exchanges and keep their scams going on

OK. Cool. Just close the door behind you, please. It is cold outside...

this could still be true...but the sia-tech network can work just DANDY on Bitmain Units in mass (shipping now and in the world) and/or more in mass

(As is Bitmain's forte! Kicking them out like Toasters!)

Thus, sia-tech and its decentralized storage network could be quiet ROBUST w/o any of their Obelisk SC-1 products even being involved....only Bitmain

units by July...driving up difficulty etc....

so yeah, the protocol could be just fine....the folk that got the Obelisk SC-1 units...er not so much, by the time they actually ship..it could all be moot!

I was reading the whitepaper and It seems to have an interesting business plan. It could be a good investiment!

I am 'mentally' preparing myself for my FIVE Obelisk SC-1's arriving in FULL DOORSTOP mode.

Thus, as a reminder, if that is the case, to leave them UNOPENED, in that the cardboard slides easier for doorstop use, if left in the cardboard box.

I DID however get ONE FREE Decred miner (2nd batch of those) for my FIVE $800 buck coupons. Someone much bigger than me, got 4 units with

those coupons and spot'd me the 800 bucks and last coupon for the free decred miner....(sorry, me of little faith I punted)

I was actually a nice guy and tried to talk him out of it..but he is a big miner and badly needed the equip write off...thus he 'tossed a hail mary pass'

Anyway, I guess it would be really, really hard for me NOT to ROI on that ONE decred unit..but as of now...how I'm looking at this somewhat in 20/20

hindsight 'dubious' investment...(oh well, got it when price of BTC was high, tax man would have gotten 50% last year and/or with 25% equipment

equipment deduction (5 year compressed to 1 year on taxes I paid last year in real $$$) ...so I really only have to have the FIVE units make 25% of

cost back, AFTER electric to call it a wash.....

but, still thinking doorstops for the Obelisk SC-1's with Bitmain's involvement...(it is how they roll...toaster city till your cypto is worthless vs difficulty)

(sorry, in a mood)

Sia Community is a Big Joke, look at voting for Binance.We have a chance to rise sia to top market coins  95k on twitter, 30k on reddit and what? 700 Votes.. There are coins i never heard about and we sitting on 8th place haha
Let me be honest, a truly regret i invest in that coin. Just waiting for some waves and im gonna sell it seriously.
Right now its all joke about this coin.

PR no exist,No news,wallet problems, only two exchanges in game(rest is low volume) and talking about mining all the time
Coins in Voting have really good support community.We have nothing. Sia from 3B market cap drop to 700m. Only binance can put that coin higher.But Community is a joke, and sia team not have 50 BTC to put in on Binance xD its a really joke.

Sia is not modifying the code to block them, and decided they would only do so if ASIC decided to harm the network with say a 51% attack. So yes, this will mean lower rewards on the Obelisk.

Yeah, if it gets listed on Binance the price probably pumps quite a bit, especially because it doesn't have a USD/USDT pair yet... similar to what happened (almost) with XRP.

That's under a dollar per vote. So that shouldn't be an excuse to anyone who has financial or any other interest in the network. But sometimes people are just too lazy to do the easiest things.

I missed some of the news regarding Bitman Sia ASICs. Is Sia modifying the code to block them, or are Obelisk owners now going to see lower returns due to Bitman beating to the finish line?

Every miner or asic owner should vote on Binance for SiaCoin. This is a huge opportunity for Sia, another big exchange will boost price and also miner profit!

So go vote!

If every holder and asic buyer will vote will be an easy win!

Mainly to dream and work hard to achieve your goal

A binance listing is very important and with the right partnership, we can cause a moon

swimming in the ocean with big waves and for most miners with such a network, there is no point just getting empty wallets without content ,, maybe having to find a bigger mining place.

thinking of a great future SiaCoin will have, my logic is not to sell SC for pennies

Regards.

I'm a miner, and I am not selling a coin on this price, or even on a double or triple price
just hodl.

If my calculation is right it needs 4 years to move price. As we know inflation are terrifying bug right now for SC so if it will be generating 25 million per day we will be ok.