Topic: Thoughts about Siacoin? (Read 2083 times)
I bought this coin when in Poloniex was huge pumping. But then it go down... So now I loose quite a lot money. But hope in future it will rise up, at least 2x from current price.
First, Dropbox isn't decentralized.
Second, Dropbox is susceptible to hackers because the data is held by a single entity.
Third, Dropbox only gives you a small amount of storage for free and they charge you for plans.
Fourth, assuming you need to store more data than 2GB on the cloud then Sia is hands-down the cheaper option.
Disclaimer, Dropbox is a fantastic tool. I use it for some personal as well as professional purposes. While its more expensive at the moment, I would prefer to utilize Dropbox over Sia at the moment because I'm more familiar with it. I do appreciate the fact that Sia is a working product, I believe in it and I think its the future. Its just so new and its hard to break ones habit when they are accustomed to using one thing for so long.
Second, Dropbox is susceptible to hackers because the data is held by a single entity.
Third, Dropbox only gives you a small amount of storage for free and they charge you for plans.
Fourth, assuming you need to store more data than 2GB on the cloud then Sia is hands-down the cheaper option.
Disclaimer, Dropbox is a fantastic tool. I use it for some personal as well as professional purposes. While its more expensive at the moment, I would prefer to utilize Dropbox over Sia at the moment because I'm more familiar with it. I do appreciate the fact that Sia is a working product, I believe in it and I think its the future. Its just so new and its hard to break ones habit when they are accustomed to using one thing for so long.
Yo hous26,
Answers to your statements:
First, Dropbox isn't decentralized. True
Second, Dropbox is susceptible to hackers because the data is held by a single entity. Everything is at some point is susceptible, dropbox is hugely mature, it also encrypts the files, I can guarantee that its more secure than Sia.
Third, Dropbox only gives you a small amount of storage for free and they charge you for plans. Well it is a business, remind me how much storage you get for free on Sia?
Fourth, assuming you need to store more data than 2GB on the cloud then Sia is hands-down the cheaper option. Agree, hence why I said if you want to host your files on there do it.
I think as a product sia is good if you want to host some files, but you have tools above that are 'investing' in sia. You guys are aware the devs have even stated they want the coin value to stay relatively static? Why would they want it to go up in value and create their service more expensive.
Guys, wake up, this isn't an investment unless you want to host some files!
~Lucas
Technology wise Siacoin is revolutionizing but effort wise no one use it really. I feel that in future Google will buy it and will integrate in his dropbox. For me i think it is a good coin to speculate and get some quick profits by pump and dump.
How do you guys feel about Siacoin? Is it a good time to be buying into to it?
Siacoin is probably the most useless coin currently out there, why would you buy into a coin that allows you to host stuff in the cloud?
My man, use dropbox it's free.
Trust me when I say, in a years time, Siacoin will be worth 1/10th of what it is now.
~ Lucas
p.s if you want to host a shit load more that dropbox allows you for free, then yes buy some siacoins, its not an investment, its like buying gas for your car. You pay to use their hosting service.
First, Dropbox isn't decentralized.
Second, Dropbox is susceptible to hackers because the data is held by a single entity.
Third, Dropbox only gives you a small amount of storage for free and they charge you for plans.
Fourth, assuming you need to store more data than 2GB on the cloud then Sia is hands-down the cheaper option.
Disclaimer, Dropbox is a fantastic tool. I use it for some personal as well as professional purposes. While its more expensive at the moment, I would prefer to utilize Dropbox over Sia at the moment because I'm more familiar with it. I do appreciate the fact that Sia is a working product, I believe in it and I think its the future. Its just so new and its hard to break ones habit when they are accustomed to using one thing for so long.
I love the idea behind Sia, decentralized data storage on a cloud. Its a great project that I have some stake in it, mostly what I have mined. However, I don't understand how the Siacoin is an essential part of the Project. For instance, why couldn't someone, perhaps even Sia, start accepting fiat or even Bitcoin instead of Siacoin? Eventually Sia will have to sell the Siacoins for fiat anyways so they can pay their own bills anyways, right? I doubt their utility company or landlord will accept payment in anything but fiat.
As I said before, I actually have some stake in Siacoin. Honestly, I was probably too novice to appreciate what I was doing and was really intrigued by the company and not the coin. That said, I'm still going to hodl the coin for the forseeable future.
As I said before, I actually have some stake in Siacoin. Honestly, I was probably too novice to appreciate what I was doing and was really intrigued by the company and not the coin. That said, I'm still going to hodl the coin for the forseeable future.
I think that Siacoin is a good coin which has a lot of potential right now. IN the future, I can guarantee that its price will even be higher. Even though it is a new coin, there have been much updated and strength inside this marvelous coin. If you want a long term holding coin, try to invest your money in SIA
I also invest some money into SIA as I am pretty sure this market will have good prices in the future. I think if we are a long-term investor, buying right now is a very good opportunity.forward before selling, we don't know what tomorrow will bring but its worth buying then hold for some years.
I think that Siacoin is a good coin which has a lot of potential right now. IN the future, I can guarantee that its price will even be higher. Even though it is a new coin, there have been much updated and strength inside this marvelous coin. If you want a long term holding coin, try to invest your money in SIA
I also invest some money into SIA as I am pretty sure this market will have good prices in the future. I think if we are a long-term investor, buying right now is a very good opportunity.
I think that Siacoin is a good coin which has a lot of potential right now. IN the future, I can guarantee that its price will even be higher. Even though it is a new coin, there have been much updated and strength inside this marvelous coin. If you want a long term holding coin, try to invest your money in SIA
How do you guys feel about Siacoin? Is it a good time to be buying into to it?
Siacoin is probably the most useless coin currently out there, why would you buy into a coin that allows you to host stuff in the cloud?
My man, use dropbox it's free.
Trust me when I say, in a years time, Siacoin will be worth 1/10th of what it is now.
~ Lucas
p.s if you want to host a shit load more that dropbox allows you for free, then yes buy some siacoins, its not an investment, its like buying gas for your car. You pay to use their hosting service.
From what I know it's not a normal cloud service. It allows you to reaaallly well encrypt your files. So no-one can access them besides you. Am I mistaken?
How do you guys feel about Siacoin? Is it a good time to be buying into to it?
Siacoin is probably the most useless coin currently out there, why would you buy into a coin that allows you to host stuff in the cloud?
My man, use dropbox it's free.
Trust me when I say, in a years time, Siacoin will be worth 1/10th of what it is now.
~ Lucas
p.s if you want to host a shit load more that dropbox allows you for free, then yes buy some siacoins, its not an investment, its like buying gas for your car. You pay to use their hosting service.
I get into SC today - I think comparing technology and dev team to price of Sia is realllyyy good. I mean, we gonna skyrocket soon.
Same, I started dual mining them a week ago, hoping it to skyrocket as well
Could anyone explain the real purpose of SC other than just a coin?
I get into SC today - I think comparing technology and dev team to price of Sia is realllyyy good. I mean, we gonna skyrocket soon.
Same, I started dual mining them a week ago, hoping it to skyrocket as well
Could anyone explain the real purpose of SC other than just a coin?
I get into SC today - I think comparing technology and dev team to price of Sia is realllyyy good. I mean, we gonna skyrocket soon.
Siacoin is based on good tech. Devs are putting a lot of efforts into the coin development but, the things holding users to adapt SC are like lack of light wallet.
I can not clutter my machine with different wallets eating up a lot of space.
I can not clutter my machine with different wallets eating up a lot of space.
Sia coin is very good coin and very good team work and also have a good technology sia coin is the good coin for trading due to Bitcoin segwet sia coin went down but it will go at their high smoothly, sia coin is not pumped or dump coin it works with a good technology
I have a good feeling about Siacoin next month. No one really knows what will happen next, but my instinct says, Siacoin will be huge in the near future
Yes , as it is cheap price right now is good to buy we can't expect what can happen in Siacoin but in the future it will have a great value.
devs threatened of doing hardfork to increase supply by billions ofcoins and dump them on markets to raise money, beware
the sia devs trade their coins themselves, raised money from some ventures yet they complain they dont have money....WTH
the sia devs trade their coins themselves, raised money from some ventures yet they complain they dont have money....WTH
i sell out my sc today at i lowly price compared with that weeks ago, for i think the whole market will dump for several months, and i think the upcoming IPFS will compete with Siacoin, i feel i should waiting for sometime
I think Siacoin will go big, as it has a good platform (Well not BTC Big, or Litecoins big, more in the 1000 - 2000 satoshi range). Like I was saying they have a great product, but they need to work on a few key points right now. 1 they are taking care of, which I think has a lot to deal with the big drop in price, and that is people cashing in $2500 increments of coins to purchase an ASIC miner. This is going to cause a lot of chaos in the beginning, but they need it to resolve the #1 issue, and that is trust. Next once they build up trust in their system. They need to advertise the heck out of it. I had a hard enough time looking where to store data, and I actually know about it. Most people aren't out looking for a cheaper solution to their cloud storage. So you need to let them know there is a cheap alternative.
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