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Siacoin: alternatuve to storj

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  • Cryptonaut

    looks like it's not too promising so far eh?

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  • shawn_j

    i found their thread on bitcointalk, they've been in development for a while and they did a crowdfund. they just didn't hype the shit out of themselves apparently.

    https://bitcointalk.org/index.php?topic=1060294.0

    Sia is currently only a testnet. The full network and cryptocurrency will be released on June 7th, 2015. The test network supports file uploads of up to 100mb. Larger uploads may be successful, but are likely to crash the program.

    ...and it looks like they have a parent company which takes 3.9%:

    Sia has a second cryptocurrency, called the Siafund. 3.9% of all successful storage contract payouts go to the holders of the siafunds. There are 10,000 siafunds total, and all 10,000 are completely premined. Sia's parent company, Nebulous Inc., holds approximately 8750 of these siafunds. The remaining siafunds were sold in a crowdfund which helped to finance Sia's early development. The primary goal of siafunding is to provide a way to finance the development of Sia without relying on donations or a premine. More people using Sia means more funding available to hire more developers.

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  • shawn_j

    and they talk about being a platform for future apps:

    The Business Plan

    The long term goal of Sia is to be the backbone storage layer of the Internet. All long term storage will be performed on Sia. All movies and music will be streamed from Sia. All images will be embedded from Sia. All businesses will use Sia as a backend for cloud storage. Sia intends to replace Bittorrent, Amazon S3, Amazon Glacier, Microsoft OneDrive, and all backend cloud storage services. We intend to fully disrupt a many billion dollar industry.

    Sia is meant to be a Platform that other applications can build off of. The beta has a first draft API for developers to use, found here.

    Over the next few months, we are focusing on building out the api and creating an example application that replaces Bittorrent. If you have ideas for things that you want to build which will use Sia, please get in touch with us. Sia is completely open source, and you can use the API without getting explicit permission or paying any royalties or licensing fees.

    here's a quote from the people on bitcointalk..

    Quote from: tyz on May 14, 2015, 11:54:12 AM Opening post looks promising. Will it be possible to host website on the blockchain and call them through a Siacoin-like browser? This would be awesome!

    You could! It would end up like Freenet, where all pages were static. More likely though, you'd fetch webpages from a standard server, and then the embedded content (javascript libraries, images, videos, audio, etc.) would be fetched from Sia.

    so there are a few competitors for distributed cloud storage already- these guys, storj, etherium, maidsafe, meganet, etc.. mostly vaporware for now but if one of them can pull it off, they'll be like a massive content backend for a new decentralized, open, p2p internet framework. they could host content for billions of people, all without any datacenters. and the p2p nature of it all might open up some posibilities that nobody's thought of yet. so if anyone gets it up & running, and achieves mass adoption, we all win. fascinating stuff.

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  • starsoccer

    Personally I am not a fan of siacoin at all the whole model I dislike and prefer storj's model instead. Also what is interesting is because it is opensource someone can simply fork siacoin removing the 3.9% fee

    Also I do have some siacoins I mined if anyone is interested in buying a few.

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