Wy is this shitcoin going nowhere?

So as xrp.
Do you even know the tech behind this coin? They give you 5TB storage for 10$ a month. Sia will eventually grow to make the cost closer to other services but still will be the cheapest.

Sia is a great idea and service but the actual coin is not an investment .

ECC is gonna BTFO this once development gets underway

A perfect cheap place to buy and biz fucks up again.
300 sats in two weeks or I eat my cock on national TV

Coin needs to stay level. Nobody will use Sia if it's volatile as fuck.

You picked up the wrong Sia crypto if you want to make money. Those ones are just used to pay for the service. I think the one you want is called Siafunds or some shit like that.

That's why nobody uses btc and eth?

This guy gets it

>ECC
>Development

yeah nah

Yeah but they aren't traded anywhere reasonable.

That doesn't mean you should pick up the shitcoin instead.

Please. They actually intend on putting data *on* the blockchain. ECC doesn't know anything.

While this is true, it still means that the good part of Sia, which is valued at about 50% of the shitcoin of Sia, isn't available to fuck all anyone.

I'm holding 8k

It also means that Nebulous labs, and David collectively own about 85 Million USD in potential development funding.

But the real question here, again, is whether this value evaporates or not upon getting the SiaFund accessible in reasonable places.

FFS it's sub 200 sats with a good month ahead.
Just buy some and sit tight or don't
Are you such a poor fag you can't afford it?

Maybe this helps:
tradingview.com/chart/SCBTC/b7O4uNXU-SCBTC/

Check her other analysis also.

Did you even read the White Paper? It is a Commie Coin. All who participate stay equally poor. The only ones who "Make It" are the ruling Socialist Elite at the top. Read; Developers.

That value is only arbitrary and based on the fact that they own a monopoly on most siafunds and set the price. For two years, the price has remained ~ 2-3 btc. Not because it's the price the market has valued it, but because it's what they sell it as.
They don't 'own' 85 millions of potential development. And apparently, selling siafunds during their fundraising was not following managed correctly, so they've decided to never sell them again.

It's not so much that it's potentially valued at 85 million, but acts as dividend for a secure source of income when the sia network becomes large.

>commit coin
lol did you read the white paper?

Seriously
>make it so that the sia network becomes a free market for anyone to put their storage on the network to make money without needing to be a household name, as the network provides security
>capitalistic, race to the bottom
>somehow a commie coin

So many stupid niggers are going to miss out bigly.

13 satoshi

Same user here, could you please explain to me exactly how they're both setting the siafund price and never selling any again?

Intuitively, this doesn't seem to be possible to me, but what am I missing?

because despite 31 posts in this thread no one uses the fucking product

>no one uses the fucking product

America did a race to the top on Capitalism, Russia did a race to the bottom on Communism. Yeah no fuck off with your Orwellian white is black and black is white bullshit.

All those hosts and only 5tb of available storage?

storage: 5terrabytes.

laughing my fucking ass off.

that shows that not even 1 real business uses it

There's a set number of siafunds.
They sold them at 2-3 btc (can't remember) to kickstart their project and mostly everyone just goes along with that set price.
They own more than 90% of siafunds and most of those 10% left 'go along' with selling it at that same 2-3 btc price. You can only buy it by someone that owns the funds and requires Escrow.
It's for that reason that

Hahahahaha.
>America up
>Russia down
Hahahahahahahahahahahahaha. Learn capitalism pleb. Providing the best best quality of goods possible at the lowest cost possible is the core principle of capitalism. The coins serve to pay for the storage which can be exchanged at equal value for fiat.

I'd love for you to explain how anything about sia is communism without using analogies.

Pulse is incorrectly showing the total storage. It's more ~ 4 PB of storage.

>her
pls don't post Dian this shilling cunt, pls don't post her, pls not.

aaaaand he did.

everything is crashing dummy, don't bother chasing pumps just hodl what you've got and buy the dip

how many should one have to let them in a wallet for a few years to see some profit?

Or rather whats the prognose on the price

That's the point. It is being setup now
It's not being used yet.
No file sharing is happening yet.

To be spoonfed read the roadmap.
trello.com/b/Io1dDyuI/sia-public-roadmap

Actually don't.

Okay and exactly what is preventing them from selling 10% off of the 90%?

On what, siacoins or siafunds?
Siafunds accumulates a total of 3.9% of contracts in the network, divided among ~ 10k siafunds. That's collected into siacoins, used to form contracts for storage.

As for siacoins, it depends on the growth of the network and how much it cost to buy storage. Say, if there are billions of TB on the network, that would make 1 sia = 1 TB. Thus sia's worth comes more to a physical real world product, but only depending on how much is on the network.

I've done a bit of math on the current growth of the sia network and it's my overall estimate of its future value. There's no point in evaluating the network on how much storage is on the network, but more by how much is being used.

Right now, the number of used TB on the sia network doubles every 3 months or so.
so essentially a 2^4 per year (maybe). It might not seem much but in the long run, it's significant.

year 1 65 TB used (right now)
year 2 1040 TB used
year 3 16640 TB used
year 4 26624 TB used
year 5 425984 TB used
year 6 6.8 million TB used
year 7 109 million TB used
year 8 17 million PB used
year 9 over 250 million PB used.

Within a few years, if people do use the network, it has the potential of being disruptive. But we'll see.

Loss of future gains, ethical integrity and and bad management of its previous sells. It's like stocks for a company. They own 90% and want to hold it until the end. The main dev told me he wants his yacht.

And if I wasn't clear, the way they sold the siafunds last time wasn't according to industry standards, and it's why they don't want to sell them again.

Lol yeah I think he'll be getting it, but there are ways in which it would actually be quite ethical to offer some % of the siafunds to the public, although legislation to do so lawfully won't be in place until long after hitting a billion+ in market cap if it were to do so. At that point, I'd like to know what the choice would be.

Really I'm just trying to find out the future of the siafund that my boy Ralph owns will be worth holding onto. Taek seems like a good dude, I'm sure he'll figure it out.

iirc so far only 3% of total storage are in use.

People are rather speculating on moon missions rather than using an actual product.
I am holding a few thousands. But to be honest this might as well be a dead horse lying around for several years just do improve by 10%

Thanks for you time and input netherless. I'd like to know what else did you invest in?

Yep. I'm rooting for him.
I want to be rich off sia and eventually live forever whenever I can download my memories onto a computer.

Well, I've been with sia since it was worth 1 million, so I'm stuck with it until it's dead or in space. I've predicted that by 2026, blockchain will be mainstream and commonly used, so by then, sia will be robust and used.
I don't doubt that it will be worth a lot by then.

>I'd like to know what else did you invest in?
Only sia. I'm all in sia.

You're playing a dangerous game, aren't you user? Quite optimistic.

Maybe I'll be able to eat well once in 2026 with the 2500 SC I have

Well that would certainly be an interesting use case calling for the absolute need for decentralized storage as well as decentralized processing and some interface layer to bridge them.

Makes me wonder where the neural mesh is at.