Some questions about Sia
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Hello everyone,
I'm new here and I have some questions.
What do I need to save my siacoin in the long term ?
How can I see my balance without connecting in my wallet ?
Thank you
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No answers???
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happy to answer, even not a part of SIA as such:
to save your coins long terms you simply don't spend them(?) and keep them in your wallet. The sia client is as per today the only wallet I know of. SIA coins were invented to support and pay for services rended in the ecosystem around SIA that we all hope will evolve over time. As such the coins do only make sence in that context. I'll leave it to you to judge if you think the value can rise as a potential store of value - it did go up over the last months, but please be asare that SIA coins are mined for eternity as it is laid out - there is a constant inflation even in the end scenario.
I am not aware of other means of seeing your funds than using the wallet - perhaps someone with sia explorer insights can derive the balance from there.
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Thank you for the answer, I have the hope that SIA value with increase with time. What is the difference between "seed" and "password" ?
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The coins are not saved in the blockchain, right ? Because I have deleted the wallet folder and the siacoin have disappeared.
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...all monetary transactions and all contracts/collatteral and storage proofs that will allow the host to be paid are in the block chain - that is the foundation and the most important tech.-piece that enables SIA to have no central server, and no intermediare to have the service running - awesome..
Your host will always build up a new copy on of the block chain - you can monitro that (long) process in terms of the block height, shown in the client.
to me the password and the seed is same same, but I might have gotten that wrong..
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Ok but the siacoin are not saved in the blockchain, because the siacoin have disappeared with the wallet folder.
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basically if you have your seed, you can ALWAYS recover your funds...
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This is strange, because I used my seed but the siacoin didn't come back. I will retry...
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The siacoin didn't come back just with the password or seed. We need wallet folder too
