/biz/ - Business & Finance

>>6982391
the biggest issue with this, and why they wanted to fork it, is that miners kind of control the network of a cryptocurrency. And this is where it gets to be over my head (as I'm not a huge tech/computer guy) but I'll try to explain the potential pitfall as best I can.

Say Bitmain controls most of the hashing power for SIA. Theoretically this means that Bitmain would be the ones powering the enterprise level storage developed by SIA. Enterprise level companies would not only have to trust SIA, they would have to trust Bitmain as well. The entire project is now riding on the hope that Bitmain won't decide to fuck everyone by mining empty blocks or otherwise taking control of the network. And that's a huge risk that a lot of large companies would not be okay with, despite the affordable cost.

So, in order to mitigate this, SIA has talked about doing a fork to invalidate all of the Bitmain A3 miners they released for SIA. Of course though, this would also be a huge blow to the project, as a bunch of people that bought those miners and want to contribute to SIA would have wasted their money. Right now they are making it back, but this potential remains.

Ultimately, for the time being, SIA has decided not to fork. But they have said they will fork IF Bitmain behaves irresponsibly. So theres kind of a lot going on right now.

SIA has absolutely massive potential as a cryptocurrency and as a technology. But nothing is guaranteed right now. I'm along for the ride, most of my portfolio is SIAcoin. It could moon tomorrow, or it might be this price for months on end. Very hard to predict imo

since this is a general SIA thread here is today's update:

https://blog.sia.tech/sia-triannual-update-september-december-2017-8afdf9c10325

>>5697757

SIA is extremely undervalued. And it's tech is more secure than storj. Storj is a very centralized approach whereas SIA is completely decentralized and open source. The applications just in National Security and Corporate Intellectual Property Security are enormous, and I don't believe they have been fully contemplated yet.

CryptoHoopla predicts that it will at least 2x in Q1. So far they have been right about all previous predictions.

https://www.cryptohoopla.com/cryptohoopla-report-siacoin-sc-2/

>>5607822
>>5607906

CryptoHoopla predicts it will hit .06 cents in Q1 of 2018. All of their previous predictions have been hit weeks before they said it would get to that level. Source:

https://www.cryptohoopla.com/cryptohoopla-report-siacoin-sc-2/

look at what this team said about NEO, about Stellar Lumens, and about Cardano. You'll see that Cryptohoopla has always been on point and actually has been too conservative in their predictions.

This coin is going 2x minimum. It's a comfy hold

No SIA thread? What a shame! It's actually mooning right now! I hope you got in under 200 sats like I told you to anon

ITT speculate on future price of SiaCoin and when it will finally moon. I believe it can 10x easily, because it's such a great product, but I'm having trouble being patient because I have no money and am a poorfag who wants his gains NOW.

Anyway, SIA holders enter and post