What are /r/siatrader's favorite Products & Services?

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Yes it does; it should be coming in the not-so-distant future.

https://trello.com/c/xynwRelr/56-add-proof-of-burn-mechanic-to-hosts

Proof of burn is having the host burn Sia when initiating a contract to prove that you are serious about hosting. Think of it as collateral to give clients confidence that the host will give you a legitimate service.

In addition, it also helps to reduce the possibility of a Sybil attack from happening by forcing malicious individuals to burn Sia. It wouldn't make it 100% impossible, but being forced to burn Siacoins makes the attack extremely expensive to do.

A like that was shared with me:

https://sia.tech/transparency/2021-q1.pdf

Hiring a marketing team is on Q2 agenda. I find marketing to be a huge issue and this takes all doubt away for me.

Please share the link as much as possible

Yes.

Siacoin is not small. Siacoin has regularly been in the top 6 traded coins on Poloniex. Poloniex handles a third of Siacoin trades. https://coinmarketcap.com/currencies/siacoin/#markets

BOTs buy and sell regularly. The markets offer lower rates for volume trading. BOTs trade so often that the fee becomes a fixed cost in the first day of the month. The remaining days are free trading.

They can play both sides at the same time. Each BOT is designed by an individual, so they act uniquely. There are probably several BOTs interacting. It's fascinating tech to observe.

On GDAX they move much faster. Poloniex is so busy that they move slower. You can see trades appear or dissolve immediately after you make a order or cancel.

Technically, the SC price doesn't really matter for the customers. Say you want $10 worth of storage, you "buy" the equivalent in SC and agree on a contract. The renter(s) will then receive that amount of SC, regardless of fluctuations in price. Depending on those fluctuations, when the contract is up the renter(s) SC might be worth more or less than $10, at that time.

I say "buy" because realistically, Sia is a platform for already existing cloud storage providers to implement their solutions on, and likely the customer will not have to deal with SC directly. This puts the strain of adjusting fees on the service provider (from the customers point of view).

From my understanding, at the moment hosts are required to update their contracts according to price fluctuation. However, based on the Sia Roadmap (https://trello.com/b/Io1dDyuI/sia-public-roadmap), a mid-term goal is to implement automatic host pricing.

You raise a valid point about the value. As cryptocurrencies are decentralized, I would argue that it's simply a matter of supply versus demand. The supply is finite, but demand is hard to quantify. Where does e.g. the demand of Bitcoin come from? In the case of Sia, I believe the demand of SC comes from adoption of the technology; the more users there are, the higher is the need of SC. If the demand increases drastically relative to the supply, then so will the price. I suppose that you could say my logic behind hoarding it now while it's cheap, is that I believe in the concept behind it and think the demand will increase in the future.

Note that I'm by no means an expert, I just find cryptocurrencies and this particular concept interesting. I could be wrong too :)

September is when the next update is planned to release, which will deliver 2 big features that people inside and outside the Sia community have been looking forward to: 1.) An overhauled UI and 2.) File Sharing.

Whale movements are hard to know, but I maintain that 6 months-1 year from now, people will be looking back wishing they were buying in right now.

They're focusing more on marketing now. Hiring a marketing VP was explicitly mentioned in this year's Q1 report on the last page.

You're very welcome....it can be changed to work with any other currency on Poloniex by editing the scripts where it says BTC_SC.

You can also easily manipulate to display any of the info from underlying Poloniex URL here