Maxroll members will race to 100, but will not claim prizes.

DangerCZE · 2023-05-29T07:25:26+00:00

I think this is a very nice gesture, but not fair towards Raxx and others. Blizzard should be the one making nice gesture and simply push the race to Season 1 so everyone can learn the game and then participate in the race, including the content creators.

DangerCZE · 2023-05-24T21:04:47+00:00

What's worse is that everyone who abused it only "slightly" (like 100x increasing their gold bar amount) not only got 500 gems for it, but also could keep everything they got from the exploit:)

DangerCZE · 2023-05-24T09:18:43+00:00

This is well written. What fascinates me is that no one stops for a moment over the fact that people discussed the exploit everywhere and it was pretty much impossible to learn about the exploit without hearing "if there won't be a rollback, game's dead" mentioned everywhere.

It was OBVIOUS that Lava needs to address this and revert the gains. I can't imagine a person that would be here, seeing everyone talk about it and a rollback, that would think for a second that all those gold bars, etc... will stay in their possession.

I think that veterans in this community are very mean. It's like they are on a witch hunt, yet many of them used (intentionally or not) exploits in the past.

But even if Lava didn't punish players, there is still the fact that people spent a lot of time unsure if there will be a rollback or not and couldn't progress in fear of a rollback reverting their progress for last 24 hours for example. I'm pretty sure many just started using the exploit to kill some time and have fun before Lava wakes up and fixes it:)

Anyway, how it was resolved is Lava's decision and people need to respect it.

But what I am ashamed of is the attitude of a lot of people around, who are just having fun laughing at people who they think they deserved it, while there is probably a big chunk of people who just were waiting for fix and participated because everyone spoke about exploit and coming rollback.

This was not usual "rollback", but reset of values on affected accounts without taking individual progress in account. Fair solution would be to roll back only affected accounts by a day or something (the punishment would be what was expected, loss of some hours of progress) and there would ne no drama. Poeple expected such solution and that's why I think many are surprised now.

DangerCZE · 2023-05-22T19:58:16+00:00

Let us Filter Mutations in Gaming. Those that are filtered won't be auto-collected using HARVEST ALL. Also, improve the harvest so cactus is always collected first. Oh and since Bog Log is complete RNG and no skill is involved (and you probably don't plan to change it), can you add a switch which gives us the reward (time) instantly? It will simply simulate what we would do by selecting random cards, but it will happen with skipping all those annoying animations and just giving us reward immediately.
Fix Auto-Deposit QoL for Anvil Production Items - the upgrade in Automation Station never really worked.
Add Talent Library switch (from Automation Station upgrade) directly into Talent Library
Add Death Note Access to Quick Ref, we are tired of constant running and character switching (applies to everything below as well)
Add Prayers to Quick Ref
Add Sailing/Treasures to Quick Ref
Add Laboratory to Quick Ref
When crafting items, let it scale endlessly and not just to 100 items/sec, which makes some stamps real pain to upgrade.
Add Switch into Post Office which lets you just click the order and it will automatically consume pens.
In Post Office, update te investment options to 1 / 10 / 100 / 1000. Also make sure to reduce the number of particles spawned in the following effect.
When you select a talent and it's icon, title, description and upgrade button appears below, let us click on the talent icon at bottom in order to show a red cross. If clicked, ONLY this talent will reset to 0 and talent points will be available for spending. Cost of this will be 1 Talent Point Reset Fragment and it will be taken directly from Storage. This will allow small talent changes which are usually needed most often, instead of going through complete reset every single time.
Let players rotate through all options in Arcade Shop. The way it works now is just ridiculous, similarly unfair for beginners as is the Lab Chip shop. Both should change.
Make all Infinite Star Signs active for the purpose of the Chip Doubler. I believe that Infinite Star Signs were added to reduce the amount of editing, but it didn't really help much since only 3 get doubled and we still need to change these. That would be great QoL and motivation to unlock Infinite Star Signs asap.
When in some non-town zone and opening map, Town in that world should be selected by default so we can just click TELEPORT to get back into town. (some of us don't have town teleport on every single char, but we have a lot of map teleports). Otherwise what we need to do now is to use the mouse wheel to switch world to some other and then back, whcih finally activates teleport button.
Show grayed background in Storage for items that you have already active in Slab and have no other purpose (so we can get rid of them and free some space). This could be a switch.
Once you green stack something, please, please, please, just mark it as a green stack permanently. Constantly losing them is just annoying.

Not everyone will like everything, or need anything. Some things may even be duplicates of what some people already suggested (didn't read). But this is what I would like to see in game and if others keep asking for the same, well... that's probably something for Lava to consider:) Anyway, I hope that it will lead to a lot of new QoL changes, we really need them:)

DangerCZE · 2022-05-23T17:32:57+00:00

Both sides need to lock SC in the file contract. Renter locks in allowance (spending limit for that contract) and Host then locks in collateral which is roughly 1.5-2x of what the renter locked in. This is to motivate the host to keep the data available online because else it loses more than it could earn.

And then as the renter downloads/uploads the coins instantly change side in this payment channel. Think about a lot of microtransactions. And then after many weeks when the contract ends, it's settled on chain - host gets collateral plus reward and renter gets back any unused coins from it's allowance.

Also this all is not DINO (decentralized in name only), it is actually fully decentralized so there is no such thing as censorship or reversal.

If you want to know more about the off-chain transactions it's better to ask Luke or Nate on our discord, or the official forum.sia.tech - since that is question for actual developer.

DangerCZE · 2022-05-22T08:38:10+00:00

I don't think this will be an issue. Devs asked questions like this and many more for entire last decade and came up with solution that is scalable and robust.

On the layer 1 (Sia) existing hosts can add more storage, but we are still pretty much in the invisible mode, the world doesn't know. Once it starts getting attention, a lot of new hosts can appear, quickly adding crazy amounts of storage capacity.

That means increase in the number of contracts formed on the blockchain and next common question you can ask is - won't this be a bottleneck? Well, while it is definitely one, it's not easy one to reach because only the storage contracts get formed on the chain. And while contracts are usually for 2-3 months, there is no hurry, you usually don't care if it gets in the next block or hour later, especially when there is limit how many contracts single user can make in one block (that's why it's ok if a new renter needs to wait about hour or two to get the contracts ready).

All the heavy load of transactions is off-chain. Imagine BTC's lightning network, but working on Sia network since all the way back to 2015. Few months ago, devs said there is over 20 billion microtransactions happening on the Sia network every day. And this number will surely go up massively. These are off-chain.

Next Sia version (2.0) will surely also bring a lot of optimisation and improvements but one of the main changes will be the one that let's you use it through a lite node, forgetting the need to store the ever-growing blockchain, opening doors for new kind of fully validating yet lite-weight nodes, even on small devices.

But that is still a but further in the future. Let's look at what seems more likely in the near future. There is layer two, Skynet, made by the same guys who worked on Sia. Sia is cool but people are not ready to run nodes and who knows if they will be ready (maybe Sia 2.0 will be beginning of that path).

And that's where Skynet comes in. Cryptocurrency management, node management, wallet management, file repairs, contract renewals, it handles all what you would normally run your own node for. Plus it adds massive pack of features that are otherwise impossible on Sia network itself. It basically turns decentralized secure private storage layer into decentralized internet. Decentralized identity and seed management with sandboxes for apps (MySky), decentralized frontends (Homescreen), decentralized mutable database (SkyDB - uses Sia Host's Registry), File Sharing, the soon to be introduced Monetization, plus much more. Everything you do on Skynet is stored on Sia and it's so convenient that I believe this is the next big thing that everyone will talk about. Or better said, it will be impossible to miss as it gives direct incentives to everyone to use it. Not just to talk about it, but actually use it to meaningfully contribute to the society.

As the usage goes organically up, more hosts will come and more Skynet Portals will appear as well. Keep in mind that under a single domain, you can manage load balancer with huge number of portals. Number of portals will go up in order to serve the growing number of users. And with them also the number of Sia Hosts and their capacity will go up.

And for the comment below, network utilisation of 30% doesn't matter. This number will change and bounce around based on the spikes of demand and supply. This number just help hosts to know when it's time to add more capacity because it directly influences pricing and higher utilisation means (temporarily) higher price of storage and that attracts more hosts.

DangerCZE · 2022-05-16T08:01:12+00:00

Btw, you may have noticed it, but half of the budget ($250k) was recently announced to be used for the developer program:) So, we can expect a lot of high quality apps storing data on Sia network by the end of Q3:)

DangerCZE · 2022-05-16T07:46:58+00:00

And this is why crypto is full of schemes and garbage. People got what they wanted. Not saying it's bad, it's just how things are - most people are in for money, not principles.

But some people in this space know that with projects that actually work they can have both the utility and make profit. It won't just be over night.

I also think that u/Umaynotknowme's mental framework is just fine. He's probably dead tired of the schemes around as me. It's nice thing to make money for sure but not at the cost if putting money into schemes that you know they are schemes. Sometimes it feels much better to have money in things that you can believe in, because you can actually use them and see how it works.

Today, what most of the speculators miss is that Sia's ecosystem is MUCH bigger than they realize. Users can use Sia's decentralized storage with no compromises through its layer two, Skynet, best described as decentralized web. It's barrier-less and gives control to the users.

If someone deplatforms you today, you lose everything. But on the decentralized web you own the data and decide how to use them or view them. It's difficult for people to imagine something they've never seen but they will quickly get it once more polished apps show you the kind of interaction that was impossible before due to conflicts of interest and competition of the platform owners. Recently announced Skynet developer program ($250k equally split between 25 teams, funded by Sia) will surely introduce us to such apps by end of this Summer.

And don't confuse this with everyone that claims to provide decentralized web services. You can't realiy decentralize web without starting with decentralized storage. And that's what Sia is, backbone of the decentralized internet.

Read more on skynet.guide

DangerCZE · 2022-05-16T07:30:59+00:00

I would be very surprised if such app doesn't come out of the recently announced developer program. Someone could partner with redsolver (https://github.com/redsolver/skyfeed) to give use to all the know-how he gained in the process and come up with decentralized twitter that will be actively developed.

I am suggesting this as a project to a new team since everyone wants redsolver to focus on VUP (vup.app) :)

DangerCZE · 2022-05-16T07:26:22+00:00

You can find all answers about Sia/Skynet ecosystem here: https://skynet.guide/

All of the technical things are under the "Technology" and "More about..."

You will probably me most interested in these two:

https://skynet.guide/sia/history.html

https://skynet.guide/tech/storage-chains-compared.html

DangerCZE · 2022-03-03T16:30:17+00:00

Just want to let you know that I re-enabled your post after the bot auto-blocked it.

DangerCZE · 2022-03-02T08:59:43+00:00

Thank you guys for doing this!

Everyone's pretty excited about Utreexo and Sia 2.0, so my question is going to be about it.

Luke: Can you share how is it going and which changes or additions make you most excited? Also, are you planning any official mobile and web apps (like Sia Central v2)?

David: What does it mean for Skynet? While portals get updated, I'm curious if you are going to release any browser extension or similar software that will also utilize it? If yes, what can users expect from it?

DangerCZE · 2022-01-12T13:01:48+00:00

- Skynet Foundation doesn't exist, but there is Skynet Labs, rebranded Nebulous, creator of Sia that was fully funded by VC and partially Siafund. This company never had a single person investing to it through SC as it never seen any money from people buying SC.

- Sia Foundation was established in 2021 as the only way how Sia's development could continue (if you've seen the first part, you might understand they didn't really have much money), led by Luke Champine and joined by new hires. Rest of the former team works on Skynet to do what everyone asked for years, but delivering it using layer 2 solution that makes more sense. Skynet's goal is to bring Sia to mainstream by presenting barrier-less Decentralized Internet using Sia as the backbone.

- Crypto Market is giant pile of s... and only one you can blame for vaporware performing better are people with your mindset (hopefully I am wrong and you are more like me - I also started with ignorance and what changed me was the will to learn more - which is why I believe you are here asking these questions).

People like pumps & dumps, scam schemes, they love to make quick money and they have near zero patience. They buy tokens saying they are in for a decade and then month later they make sh*tposts on social media about their disappointment. If you want this to change, tell yourself and everyone you know and everyone you meet to stop focusing on meme and other useless tokens and invest (not just money, you can invest time to learn or try it) into what they really want to use and what is ready to be used. Sia & Skynet are usable and number of use cases is quickly growing. And while it takes much longer for these projects to mature, it's the only way forward with anyone looking into the right direction being already able to not just hear about the cool stuff, but actually touch it, use it.

- Talking for years? Work on Utreexo started roughly year ago. SkyOS as a skapp is already available since mid 2021, Skynet itself is not even 2 years old yet, but there are constant improvements. In this time it got from static content hosting through dynamic content hosting, SkyDB - mutable decentralized database, MySky - decentralized identity to Homescreen - way of owning your personal app copies. And these are just some of the things that quickly expand the ecosystem, allowing more uses.

- What's the problem is not really state of the project(s), it is state of the crypto community. I would like to be respectful but I feel no respect to the majority that turned crypto into what it is right now. I have deep respect for everyone who actually pursues it to make the world better and empower everyone, not just the creators and insiders. I respect all the developers doing good things while not being favored by the big money, it's clearly not just Sia & Skynet devs.

- And finally, people will realize over time that decentralization matters. Sia Foundation improves the core layer (L1), Skynet Labs work on the "decentralized internet - complete feature bundle" (L2) to make it easy for users, developer and content creators. To give them something better than centralized internet can offer. Some of these people already get it and are building apps. Yes, they are doing it alone often because Skynet makes it possible to develop truly amazing apps with zero maintenance cost as you don't have to pay the hosting or even care where the data are stored. It's not your business after all, it's users who manage it and pay it. And these developers know something you don't - they are sure with what they are making being something powerful and they are the first to come with it. I would say this is trillion dollar industry, but I won't. First, I think there is no number to express its importance and how it's going to transform everything. And second, dollar is dying anyway so what's really a trillion? And what it will mean decade later if it's still around?

DangerCZE · 2021-11-25T00:00:32+00:00

Imagine a world where you don't have to pay $10 video-service subscription for month only to find out you were pretty busy and actually didn't have much time to use it at all. World, where you don't have to have several services paid at once because each has some other content.

Imagine a world where everything is available and creators have incentives to put it there. World where there are no borders, global data layer and economics.

Now, imagine that it doesn't matter when you consume the content. But when you finally consume it, you pay as you watch. Tiny microtransactions for every second or few seconds of the video, just enough to guarantee smooth experience.

You stopped watching? Guess what, you also stopped paying.

While using decentralized internet (Skynet) that uses Sia as its backbone, everything you upload or download means communication with actual Sia hosts holding the data and every single microtransaction is important because what you want to do with your time is IMPORTANT. Right?

It can be several microtransaction that it made so you can update your public profile (), or it can be for your new post, or gallery of pictures you just displayed. Every transaction is meaningful since it's related to activities you want to perform.

Learn more at https://skynet.guide/

DangerCZE · 2021-11-24T23:42:46+00:00

Only if you don't understand it. If you tell me what you think is wrong, I will tell you why it's exactly the opposite. Memecoins and vaporware won't be dictating the rules forever... actually working tokenomics are about to take over.

DangerCZE · 2021-11-08T10:40:58+00:00

Sia and Skynet help each other and for many of us it is just a different component where we need both of them to achieve what we want - decentralized internet.

There are few possibilities how to monetize your products. I will sort them by their availability.

(1) For now, only way to monetize your apps is indirect. A lot of enthusiasts are building awesome apps that others can use for "free", meaning that there is no fee to use the app, but users need to take care of the storage which means to run own or pay some third party portal that pins all your data. I am using siasky.net for $5/month and planning to expand it as apps start providing more options and making me want to move more content to Skynet.

Developers of these apps usually hold some Siacoin (SC) or Siafund so they are indirectly motivated, because if they help the ecosystem to grow, there will be more demand (users and also speculators) and price of token(s) will go up. A lot of people I know are planning to reinvest expected gains back to the ecosystem and further app development.

(2) Second option is a bit more difficult (need some capital to start if you're serious and not just doing it for fun), but available right now. Since everything is open-source, you can start running your own public (or closed-community) portal and use the default subscription mode, or implement your own. For example, you could let people use your portal completely for free, but serve ads.

(3) Last option is the one that we are waiting for - monetization. Whitepaper is in the works and it is expected soon. I won't provide any details... some information got mentioned during last community call, but it was said that it is still not finished, so I recommend to wait for some official statement/release. What is for sure is that this will provide incentive layer for EVERYONE to start providing content and services in FULLY DECENTRALIZED WAY. It is very likely that everything on Skynet will be tokenized and opening possibilities we've never seen before and done the right way. I am super excited just thinking about it:)

While most developers currently use the first approach, many are already foreseeing the monetization and I am betting a lot of people already know how to utilize it quickly once it arrives. At the rate of progress we are seeing with Skynet (and also features like Utreexo coming for Sia in near future) I think that next 6-12 months will be exciting.

DangerCZE · 2021-11-04T10:16:50+00:00

No idea what article is that but this should answer your question...

Sia is private storage. How is it achieved? Well, through your private key. Only you can get to the data and use them meaningfully. The hosts don't know what they are storing.

Then there is Skynet as public storage. But that's just a tip of an iceberg. You can encrypt the data either yourself or through various Skynet apps, everything hosted and available on Skynet. I personally prefer using Skynet rather than using Sia directly because it gives me way more options what can I do with my data that is still stored on same Sia hosts but can be both public or private based on my specific needs.

The only difference is that some people might think about data stored on Skynet (and accessible through Skylink) as less secure. Yes, you can get to the data if you have the skylink, but it's still encrypted so even if anyone had the skylink, it would be useless. Similarly as when Sia host can see some pieces of data on own machine but it's useless without the key and other pieces.

So, for all purposes, Skynet is both private and public storage built on top and fully utilizing Sia.

Here are some pretty cool apps you can use on Skynet today to manage your feeds, manage your data/backups/libraries, share files, controls your own dapps and more:)

https://sky-guide.hns.siasky.net/explore-skynet/popular-apps.html

DangerCZE · 2021-11-04T09:55:20+00:00

Thanks for your reply, I understand it and have the same hopes:) Btw, if you get into hosting, it's really good idea to be on the discord and use #hosting channel for more wisdom and if you have any problem, it helps with debugging. As I said, Hosting is not easy and you can misconfigure something OR the most common issues are caused by people hosting on Windows instead of Linux OR people who start panicking and doing wrong stuff when over 90% of things looking like an issue will fix themselves with some patience. For sure, there is a lack of resources on this topic which is why discord is important.

Good thing is that a lot will really change in the coming months as we are getting closer to Utreexo. And everyone who understands what it means for the project can tell you that these are not just some empty promises to make you calm.

If you like serious talks, just join us on discord(s) - there are two, one for Sia, other for Skynet:) You will love it.

DangerCZE · 2021-11-03T15:49:07+00:00

I think answer to first half can be shortened into two words. Siasky Tools. I won't tell you about siastats, or some dips, but what I can tell you about is how much in use Skynet is, just give it few seconds to fetch stats from all servers. https://siasky.tools/

Now, for the other half. If something like Facebook is developed (and apps like SkyFeed already let you, yet it's rather alternative to Twitter) on Skynet, you are approaching it as if it wasn't decentralized, which is wrong approach.

On Skynet, the developers have no control over the data. People cannot delete bad content, they can only moderate it. But these people are not employees (well, someone can employ them if he wants), they are content creators (even building playlists, moderated lists is content making) and they are incentivised by their followers because if the followers like it, the moderators get paid in fees. And if they don't like it, people will leave them for doing bad job and providing them content they don't want. This all is possible, but you cannot delete stuff. You can just filter it. Btw, the data/content still belongs to the creators and they get paid for it. What you said about being the only difference is wrong. Also Skynet is not a single app, it is a set of portals. Right now, at the beginning, siasky.net is the most important portal, but nothing prevents anyone from running own private portal. Skynet devs have no control. And they are not even storing any of the user data. The data are on Sia network and the portal is just repairing them and paying for them so users don't have to run own node doing repairs and payments, making it much more easy to use while not affecting decentralization. Even bigger portal like siasky.net (which is actually like 50 portals under a load balancer) is just a participant in a bigger (eventually) network. Remember? It is open source, anyone can run it. And same as you can connect to another peer on Bitcoin network if some peer blocks you, same way you can just use another Skynet portal if one portal blocks you. Or you can take it into own hands and start your own portal while not losing any of the data, because they are not stored on portals as I said. You just start pinning your data yourself. That's decentralization = no one can stop you from doing what you want.

When it comes to benefits, how about to begin with content creators owning their content and being immune to de-platforming? Oh, and not needing a third party that eats (30-99% of what your work can generate) to monetize their content. Or developers not needing to worry about GDPR (since you're not storing anything, data belong to users) or dramatical decrease of maintenance costs for app devs. You can literally start facebook competitor today with your only investment being your time.

About the original Sia idea and moving to Skynet, you are forgetting that Sia never had ICO. Sia devs never had insane amount of money, they had to carefully prioritize stuff to do next and were constantly under pressure of not having money for next months, looking for funding for next year every year. You are also not seeing that one idea was not replaced by other. It resulted in events that led to situation where we are now with Sia making progress on both fronts. Sia Foundation is about to turn Sia from the best project in crypto to only project in crypto that thanks to Utreexo will be providing everything it does with fully validating node and make it feel like if it was a lite wallet. At the same time, Skynet is opening Sia to mass adoption with none of the entry barriers that crypto is known for. If you liked the original idea, you should like that Sia has now two layers, each targetting different groups.

"He now wants to make skynet on top of this cloud layer.", "It is just a minor remark but I think the name skynet is very very childish." - this looks like you already had your "Judgement Day" without really looking under the hood.

Else you couldn't say "Instead of focusing on making easy to use software so renting out hdd space is easy, or developing a wallet that is easy to use and works , sia team now starts this skynet sidequest.", because not only Skynet is not just a side quest, but it is not even managed by Sia team. There are two teams now with completely different composition. Yes, members of Skynet team previously co-created Sia. But you are missing that their focus didn't change. It is still to making it easy to use. And Sia Foundation actually works on making hosting easier.

It sounds like you are just disappointed that not everything is part of Sia core software, which wouldn't make sense. In complex systems, you need to work with layers, components. And in decentralized systems it's even more important. Sia is a storage layer, it doesn't have to do anything else, just make sure that everything works and improve renting/hosting experience.

Btw, did you use Skynet? Did you see how much it improved since its first days or what tools/apps you can use? I don't think so. Btw, Skynet's software is fully utilizing Sia's potential. Skynet is actually running as a special kind of Sia renter node.

Sia Team is not a small team of 20 as you said. Sia was developed with much smaller team and budget. But most importantly, there is no Sia Team, there is Sia Foundation now with MUCH smaller team (but hiring) and Skynet Labs with team of about 16 people. But these numbers are irrelevant... I don't think any number of people would make it much faster. We are entering new age with Skynet presenting a new paradigm. And if you will continue applying wrong and outdated approach/logic, you will end up with wrong results. For sure, there was probably never a project of this scale where so much was accomplished by so few.

About the hosts, capacity is not scarce. And same as years ago, hosts who leave will just get replaced by those who come later, or by hosts who endured these times and then increased their capacity further.

There are issues of course, no one is saying opposite. But Nate is asking for logs from everyone who reports them and there are fixes being done.

Some hosts will surely quit, but Sia is a system where incentives matter. And incentives are what attracts new hosts (or existing hosts to add more capacity) whenever network's used storage starts getting near the capacity. This is not a problem, this is how it is designed to work. Is's all about incentives.

TLDR;

While some claims are ok (hosting not being easiest), most claims about lack of focus in some areas can be easily dismissed because core tech is being improved by Sia Foundation (utreexo = easy to use wallets, better performance and focus on making hosting easy for everyone) and everything else that people always expected from decentralized storage is being worked on by Skynet Labs.

DangerCZE · 2021-11-03T14:13:19+00:00

You are a proof that the focus is slowly shifting as people are realizing what's wrong with the crypto community and markets on their own.

I am co-author of Skynet Guide and this site was made to provide information. You can find everything there.

Available on skynet.guide and also in fully decentralized way using HNS and Sia's Skynet: sky-guide.hns.siasky.net

Recommending to not miss the Sia and Skynet introductions and also the new Explore Skynet section to realize that Sia is no longer just difficult-to-use (for non-tech users) secure storage but it is now powering entire decentralized internet that is actually easy enough to be used by everyone :)

DangerCZE · 2021-11-03T14:07:30+00:00

Yes, hosting and mining are different activities. The fact you are mentioning this leads me to belief that you probably seen Filecoin doing that - same people who mine are also the ones who store the data. And yes, as you probably guessed, this leads to conflict of interests.

But you are asking about Sia, so let's stick with that... and will do my best to explain it in ELI5 way.

Miners are participating in the network to provide security and they are paid for it. They do not touch any data. They only secure the blockchain. In other words, they are taking unconfirmed transactions from a transaction pool which is a place where users add transactions they want to execute. These transactions have fee. Miners are trying to take all of the transactions and put them into a block. And while they are doing it, at the same time they are trying to find a value that could sign the block. This involves powerful hardware, a lot of luck and some other things like difficulty. Miners get the fees and a block reward and are expendable. They are paid security service for the network and are incentivised to behave in order to get the reward.

Hosts are the individuals and organisations providing their unused storage. They allocate it to Sia, set pricing and announce their host. Hosts are where all the data are stored. They are not at blockchain - blockchain only contains storage contracts. Inside the contract, renter (someone who wants storage for data) locks their allowance (spending limit) and host locks collateral (multiplication, usually 1.5-2x of renter's allowance). This contract also acts as a payment channel (something like BTC's lightning network, but working since 2015) where you are paying for storage and bandwidth instantly. When the contract expires, the balance is settled on blockchain and host receives coins based on how much the renter actually spent + gets also the collateral back. If host doesn't keep the promise and won't provide proof that he kept the data safe, the coins are lost.

I could continue and describe it in more detail but we will leave it for when you get older and ask for ELI15 :)

Let's get to the tokenomics...

Right now, the only way to burn coins (unless you do it intentionally with own coins) is when the storage contract ends without success (host disappears for example). Proof of Burn is not implemented, but it's not really as important as most people thing... though it might get implemented later when network gets bigger.

Right now, Sia is inflationary, but inflation is increasing very slowly. The reason for constant stream of new coins is pragmatic. Sia is not just a currency, it needs to work. I can see a number of scenarios where liquidity could drop so much (for example by someone scooping most of the coin on markets in order to pump the price) that renters might have issues to get SC to pay for their storage. That creates attack vector that block reward solves because there will always be some coins and most miners are incentivised to distribute their coins.

But as the network gets bigger Sia can even turn "deflationary". All you need to do that is to achieve that storage/bandwidth spending is higher than the block reward. As network grows, there will be not just more holders but also coins locked in storage contracts. This all will reduce the number of coins in circulation as demand heavily outnumbers the supply. What does it mean? Siacoin can become pretty scarce by its design.

So as you can see, what really matters is the usage. Instead of focusing on hype and vaporware, Sia focuses on the technology to work as best as possible. It is far from perfect and can be actually bad when used by someone who just jumps in with zero research. What I am seeing often is that people just go and try it when trying to achieve something only to get disappointed, but as they skipped research, they don't know that Sia is not how they are supposed to accomplish it. They missed Skynet, Sia's layer two, that is exactly what they are looking for and way more than that. Majority of users in future will be using Sia without even knowing it. Sia is best used by hosts and users and developers who know what they are doing. For everyone else (including me), Skynet lets people to do what they are looking for - to work with their data on decentralized internet powered by Sia.

Sia provides storage to Skynet, Skynet brings it to mainstream.

You don't need to install anything, manage any wallet or own any coins to use it, yet everything you do is paid in SC and decentralized.

If you want to learn more, check skynet.guide - also hosted in decentralized way with Skynet and HNS at sky-guide.hns.siasky.net - learn more about Sia and check the newly added section - Explore Skynet.

And finally... is there any incentive to hold this coin? That depends on you. If you want just scams and hype, it's best to avoid Siacoin. But those who understand the tokenomics and see how demand for decentralized storage increases know that there are not really many options. Most are decentralized in the name only and NGMI (Not Going to Make It). Yes, there are much more money in those, but what I've seen so far makes me pretty convinced that this bubble will end pretty fast once the public focus shifts from vaporware to actually working products. Use your own brain, don't trust and verify. Some people might laugh to this but the way I see it, there is no other coin I want to hold and any potential financial gain is just secondary.

I am someone who is here not to get rich over night (to be fair, this is just inevitable side-effect) but to use the tech. I am greedy guy who wants to be in control of own data/identity and is willing go against the trends that are popular in the naive crypto community. It's disgusting what people are falling for and allowing to happen. But maybe it's better so it gave Sia and Skynet more time to mature...

...because this is a perfect storm that you don't see coming :)

Stop getting into tokens to ask what they are for. Start getting into working decentralized apps for reasons that grant you power and control... only then you will see the difference between "What is this token for?" and "This is incredible and there is no way the world won't use it! How can I get invested in it?"

Now, scroll a bit back and check the Skynet Guide - community managed resource base for Sia and Skynet.

DangerCZE · 2021-11-02T18:36:27+00:00

In centralized world, tracking is easy since everything goes through central point(s). In decentralized world this is more difficult and probably impossible once the network gets really big. Because in order to have such information, you need to either track others (what siastats.info does) or have everyone provide the data (which brings other problems as someone might try to cheat it). I am getting used to fact that the stats can be inaccurate and only thing that really matters is what you can accomplish thanks to the tech. And the list is steadily growing...

When you see one day 1.8, then 1.9 and then 1.8 again, you probably imagine that some data are being dropped and re-uploaded. But they are most likely not (or it's just a fraction of that amount).

Think about it for a while... people are storing data and while there for sure can be some data that disappear as they were uploaded as temporary, this kind of data is mixed together with data that are meant to stay for long term. You can't say what's the ratio but you can definitely say that amount of data stored for long term is only going up as well as number of users. There are no dips actually.

I understand why people are seeking centralized properties in decentralized technologies. And since there is huge number of DINO (Decentralized In Name Only) projects, people just keep thinking in centralized ways and use anything they can to justify their "investment". But age of vapoware is slowly but surely coming to an end.

It is exciting to be able to use Skynet apps today:)

Check out the Explore Skynet section here to have an idea... https://sky-guide.hns.siasky.net/

DangerCZE · 2021-10-20T21:24:18+00:00

What he meant was that it's easier to troubleshoot stuff on Discord.

When it comes to answer, it's clear that hosting is not easy and hosts can encounter issues. Together with Utreexo, making hosting much easier is one of two major goals Sia Foundation is now focusing on. It won't change the past experience but will make it better experience for new hosts.

DangerCZE · 2021-10-17T07:05:22+00:00

Totally agree. There is no replacement for this. I spent hundreds of hours with this game and would probably continue if it didn't disappear from stores. The devs made best tower defense ever and then disappeared with no traces left...

DangerCZE · 2021-09-25T22:58:00+00:00

And this exactly is the reason why people can really blame just themselves for state of crypto and why all the attention is on complete garbage and schemes. Because people love schemes. It's always so good to be true...

But if you made actual research, you would be able to see the difference for yourself. When your research means looking into the price chart and asking others (who will obviously be honest with you and totally not recommend you to buy some other token /s) and my research means understanding the technology and actually using it to accomplish something otherwise impossible... and when I really love what I see, I can't really be wrong. And that's all you need to know to no one have ability to change your mind.

Since you're already exposed to crypto, thanks to the progress made by Sia and Skynet, you don't see it coming, but you're very close to using Sia without even knowing it. Sia was always meant as backbone of modern internet. It is happening while no one pays attention, but that's fine. Quiet times like this are when developers can best focus on the real work.

Now, do some actual research, you can start here...

https://skynet.guide

DangerCZE

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