3 ms·
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 p
by nemo1618 9y ago
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.
- dando 9y agoSia to the moon?
- placeybordeaux 9y agoI 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.