I mined some SIA coin early on, but I decided not to invest further in SIA.
Year over year data storage gets cheaper, so I'm not worried that the cost of data storage is something that will need a decentralized alternative to drive the price down.
I think competitors like Golem which are focused on sharing CPU power, a resource which we are constantly demanding more from, is far more interesting long term.
The security is interesting and I think the fact that the team is from MIT makes it interesting, but the security is also untested to a large degree.
Businesses, governments and other large customers of storage solutions like Amazon AWS would never switch to SIA. Can you imagine telling a CEO that you're going to encrypt their data and send it across 1000s of computers? That would sound horrifying to them.
I think so - I think SIA is limited to personal use hosting until it really proves itself in the market, because corporations are unlikely to willingly have their data distributed across other people's computers even if it is encrypted.
Where as Golem when you are just renting processing power from people, it means there is nothing you can steal.
Plus each year our demand for processing goes up and our demand for storage goes down. So long term trend alone would suggest Golem should win.
I mined some SIA coin early on, but I decided not to invest further in SIA.
Year over year data storage gets cheaper, so I'm not worried that the cost of data storage is something that will need a decentralized alternative to drive the price down.
I think competitors like Golem which are focused on sharing CPU power, a resource which we are constantly demanding more from, is far more interesting long term.
More than the price of storage, the security interests me.
The security is interesting and I think the fact that the team is from MIT makes it interesting, but the security is also untested to a large degree.
Businesses, governments and other large customers of storage solutions like Amazon AWS would never switch to SIA. Can you imagine telling a CEO that you're going to encrypt their data and send it across 1000s of computers? That would sound horrifying to them.
So it ends up being mostly for personal use.
So you think golem is more promising then sia coin.
I think so - I think SIA is limited to personal use hosting until it really proves itself in the market, because corporations are unlikely to willingly have their data distributed across other people's computers even if it is encrypted.
Where as Golem when you are just renting processing power from people, it means there is nothing you can steal.
Plus each year our demand for processing goes up and our demand for storage goes down. So long term trend alone would suggest Golem should win.
looks very good
I am happy to agree that SIA coins are interesting i am currently holding coins now, thanks for sharing!