Why invest in Siacoin
Currently its a great buy time due to the bloodbath today.
Currently cloud storage services are mostly centralized and the data is stored on a third party server. With Siacoin, the storage would be decentralized as each user would contribute their own share of resources.
You may think “There are plenty of decentralized storage projects, is Sia any different?” It is true that Sia has its competitors, Storj and Maidsafe are just a few. However, what sets Sia apart lies in the intricate details relating to maintaining the decentralized ecosystem.
I'm also currently working on a way to figure out how is possible to provide space for the cloud and get paid to give away free storage. Sia coin guarantees payment with a blockchain contract for the host.
While I have 78,000 Siacoins, I honestly do not believe in the technology very much simply because I do not see the value in cloud storage for a fee.
What requires so much data that somebody actually cares to store it off-site, other than photo backups I presume, which they really should just use a USB for.
It may sound stupid but what is the value of cloud-storage via Sia vs something free like mega.co.nz or the countless of others? What is the value in general?
Hmmm, good point, i think a lot has to do with the security of data stored though i am guessing. I have not heard of mega. On a side note where/what would you recommend as a great up and coming crypto?
The thing is you can always encrypt on your end (create encrypted folder using truecrypt or veracrypt) then upload it, and then it'd be just as secure.
My only guess would be it has more accountability or something.
I'd say BAT's are great if you can pick them up at a low cost, at least if you're up to holding for some time, as they have no competition and they already have a functioning browser and adblock is becoming so rampant as are monetization issues.
Iota is either a garbage $0 pile of trash or it's huge, personally i prescribe to the latter, although it has nothing special in terms of tech like smart contracts, it has no fee, extremely quick transactions (because of the tangle), and can be subdivided majority.
That's essentially the wet-dream currency right there in my opinion. Ethereum is a platform, not a currency, and other currencies such as ltc and btc have too high of transaction fees and require non-user authentication of transactions, which is horrifying for large scale.
Iota has the potential for literally 1000x -> 10000x gains in my opinion, although that's a big if, as crypto needs to become bigger and people need to begin to accept it as payment and a base currency like btc is today for it to do so.
If/when btc has major scaling problems, if iota doesn't fuck this up I'd imagine it will establish super-dominance in the currency field, as the whole system, while basic and not fun, has no real flaws that I have been able to dream up.
Of course and golem and the like have potential, as does singular DTV, steem is fantastic and has potential to easily tripple in short time especially with all the big-names beginning to shill for it.
Everything else to me is nothing proven or spectacular, or at least doesn't present huge gains long-term, or at least good ones like steem or dtv in the moderate-term.
Short-term is always a flip in the air, to me it's all about picking the lows in the market on the mentioned coins and reselling when they go up a bit, aside from steem, that you never really be sold till $6-10+/ea as that could happen very soon imo. Beyond that is speculation, it'd probably correct before going higher, but it could go to the moon tbh.
Siacoin has one of the most professional development team in the crypto space. Heck it has a working product unlike Storj or Maidsafe who are still working on their prototypes.
Great comment you gst a follow!
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