Topic: Siacoin Epic Monster Moon - page 16. (Read 76268 times)

Very good points.

I think the most important to focus on is: Is Sia worth more than Dropbox?

At the moment, no. Lets be conservative, and say Dropbox's value is 4B.

Pretending Sia offers the same service as Dropbox, Sia's potential value can be 4B at best too.

But at worst...Well, I think 500M is reasonable. Someone said that's the current value? So @ 500M, Sia is 700sats.

To get to 4B, we just multiply by 8.

700sats  * 8 = 5600sats

Again, AT BEST. Short of a miracle would be surpassing this 4B cap.

For Sia to reach 1400sats, it must reach 1B value I guess. That's already 1/4th the value of Dropbox...And Dropbox has been around for a looong time. To me that screams overvalue right now.

But, if Dropbox's value is 10B...We could see 1400sats no problem in the next couple months or even today based on the news coming out.

There are 24 hours in a day.  Friday announcement doesn't mean when you wake up in the morning. It could be morning, afternoon, or even evening time. The Sia team is based in the East Coast USA.

As for folks who are "concerned," you do realize you can directly reach out to the Sia team and community in the slack instead of wallowing in ignorance. You can ask any question you want to respectfully.  This is 2017 folks. 

I see.. let's wait and see what the announcement is about

Yep the ann it's just the Obelisk news,, Nothing more...

Well nothing new 

Ain't you a good salesman.

You didn't answer a single concern tho.

Here is the announcement:

https://obelisk.tech/


Website is real

So according to you still, three more hours left for the announcement right. We have to wait and see what is going to be a major announcement of SIA coin. Many people will start settling in the market once the announcement releases.

here you can see when will they make the announcement:
https://www.timeanddate.com/worldclock/fixedtime.html?msg=Sia+Obelisk+Announcement&iso=20170623T10&p1=43
(found this on sia slack channel.)

http://
Yes, Still now we didn't find any news about Sia. Already today is Friday I don't see any big news about Sia, many people misleading the market and making the people into confusion. But in the market, Sia settles at 720 sats.

It's Friday today 23/6

Siacoin's current valuation stems from the number of tokens x price = network value (crypto version of market cap).  This is a far cry from the valuation model used for companies like Dropbox. Apples and oranges.  For now, devs are largely setting the valuation since they decide how many tokens to create for a particular project.  

The 50 cent future price is speculation from hedge fund guys I met in NYC the week of Consensus and Token Summit.  The reason they're so bullish is because of the fact that Sia is a protocol-layer project with a major use case that consists of many potentially disruptive applications.

In the Web 2.0 era, the lion's share of value was created on the application layer of the TCP/IP protocol.  This is why the founders of companies like Google, originally a search company, are billionaires while the creator of the world wide web protocol Google search was built upon - Tim Burners-Lee - is not even rich.

In blockchain, most of the value will come from innovation on the protocol layer.  This is why blockchain hedge fund Polychain Capital only backs projects that are innovating on that layer.  This is why they're getting behind something like 0x Project (decentralized exchange on the protocol layer -
not front end like Poloniex or Bittrex) and not something like Status (mobile browser and messaging platform built on top of Ethereum protocol).  Developers who build the infrastructure will reap the fruits of their labor.

Pro tip: Research any project that is supported by Polychain Capital and Union Square Ventures.  Get on those ICOs.  Look up Fred Wilson and find his blog.  Read the post he wrote about ICOs.

Listen to this podcast for more insight: http://a16z.com/2017/04/03/cryptocurrencies-protocols-appcoins/

Sia has a big future ahead of it.  A lot of the concerns being spouted are utterly petty and miss the big picture.  Don't think like the small man.  Educate yourself while it's still early.  Information is everywhere, but the desire to truly learn is scarce.

Go to events in this space. Whatever money you spend on getting to and from the event location and for event tickets will come back to you 20x or more in the form of the network you build. At the very least, find meetups in your area or create one yourself.  It's still early guys, so if you're truly passionate about this new technology, go all in.

Some accounts on this thread are used most exclusively to encourage other members to hold Sia. Simultaneously, the members who aren't shill accounts are talking about dumping the stock pending tomorrows news. This is troubling...

Here are the questions which people are positing and have yet gone unanswered:
-Is Sia worth $500M? If so, why.
-The accounts on this thread claiming to "HODL" Sia have posited a $.50c/Sia price. No one has yet explained why Sia should be worth $25B, while Dropbox is speculated to have an actual value of $4B+/- with some thinking it's $10B.
-- Some actual underlying math would be highly helpful in this thread: ex: here is a projection of the necessary storage for outgoing years in the Sia target market, if Sia captures x% market share then $x/sia is justified.

The "more" technical analysis of Sia in the previous 2 pages has been scathing.
>What is the valuation of the current Sia holdings, + the cost of replicating the technology? I would imagine an extremely nominal amount compared to the market cap.

Perhaps I'm misunderstanding the fundamentals?

And hoping SIA would continue climbing up.. that's what investors are looking up for SIA.

Hey guys.

Glad to see some of the hodlers remaining optimistic.

For the cynics, a healthy dose of skepticism is not a bad thing at all.  Just don't overdo it.  From an investor/speculator perspective, we're nowhere near the point of ringing the alarm, if that ever happens.

There will be some big news announced Friday. Obelisk was nothing compared to what will be announced.

This will be a big year for Sia.

I've been in Bitcoin early, I've been in Ethereum early. The first token I can actually say I'm passionate about because of the tangible use case is Sia. It's become an important part of my backup strategy, and as an investor I have an incentive to keep buying coins so my storage costs reduce down the line. What a fantastic product. Sure, let's go to the moon, but let's take time to appreciate what has been created here.

Not only that, I don't think they realize efficient redundancy has been around since the 80s. Reed-solomon error correction was figured out in the 60s.

I don't think people realize how efficient redundancy has become... It isn't a 1:1 as some foolishly think.

Alright, well...Hold onto your seatbelt

From Wikipedia:

Lets start small, with a 16 byte file. We will go back to your 100GB example very shortly.

In order to repair any 2 missing bytes, we need to store 2 "check symbols" or also called "parity bits" (in this case 16 parity bits). That alone is pretty amazing.

The upper limit of this correction as Wikipedia says is floor(t/2). Makes sense...

16 byte file, 8 random bytes in the file go missing. We need 16/2 check symbols to reconstruct the entire file.

Now in reality, with say a ton of image files at 1-2MB, it will be very rare for half the file to go missing.

With 100GB that's even more true. Practically you would never store 50GB of check symbols, but instead 1GB or maybe even less.

The beauty is Reed-Solomon can be used with other error correction or redundancy techniques.

It's up to Sia developers to determine how many check symbols each file is assigned. This may be a fixed percent or something that could be user-adjustable in the future!

This is an interesting concept any idea how much space more is needed?