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Re:Coinlist by nemo1618 on Saturday May 20, 2017 @01:42AM (#14381204)
None of them are ready to use in a serious capacity yet. However, Sia's network has been live for 2 years now, and people are forming smart contracts, getting paid to host data, and backing up real files on the network. The fundamentals are solid -- it's just Bitcoin with one extra transaction type -- but there's a lot of potential left to be explored.

Based on the Filecoin announcement, they are building something very similar to Sia. It appears to depart from traditional Bitcoin proof-of-work consensus though. I'm looking forward to reading their whitepaper.

Disclaimer: I'm one of the co-founders of Sia.

Re:Coinlist by placeybordeaux on Sunday May 21, 2017 @05:30PM (#14389349)
I was under the impression that you can't currently recover your files from a seed on sia. Is that correct?

I was also wondering if siacoin is LN compatible. Can you speak to that? It looks like there is something similar up, but will I be able to pay for storage with any other LN compatible coin?

I'd have loved to see the value of coins like these that are supposed to provide a specific economic utility have their value essentially determined by it. For instance you could simply mint new bitseconds * mining efficiency each time that someone issues a proof of storage over a given time period. This way the value of bitseconds shouldn't never go above the real price for storage over time.

Obviously you'd need to set the mining efficiency below 1 to encourage people to actually store user files, or else it'd always be more profitable to just store for the mining rewards.

Re:Coinlist by dando on Saturday May 20, 2017 @05:43PM (#14384500)
Sia to the moon?