Re: [ANN] Sia - Decentralized Storage - Working Beta

lol. Number of commits is not a measure of progress. Did you miss our beta release last weekend?

The "buy $850-worth of SJCX to participate" beta? How do you justify that when you sit on 90% of the pre-generated SJCX?

Would not recommend doing that. The 10x price increase turned our serious testers only into a brick wall. Will be changing that shortly. There is no mining in counterparty. Tokens are created and locked so no more can be created.

I did not mention mining. I meant that 500m SJCX were initially created, 50m sold/distributed so 450m remains under your control ("locked" as you say). If you want to, however, those funds *can* be "unlocked" at any time. Correct me if I am wrong.

He was referring to the fact that SJCX is a locked counterparty asset, which means there can never be more than 500 m SJCX total http://blockscan.com/assetInfo/SJCX.

Regarding the ~450m SJCX, they are in a multisig address and are currently being slowly released by Storj Labs as rewards for beta testers that are sharing their disk space on storj. So far there have been 9 payout rounds in test group B and there will be more in the upcoming test group C.

Please feel free to join the Storj Community slack https://storj.io/community.html if you´d like to discuss this further; we are having an open discussion between community members and Storj team members about what those remaining funds should be used for in the future. I have followed this project since the beginning and am confident that the team is not about to run off with the loot Wink