BINANCE:SCBTC   Siacoin / Bitcoin
Do you guys see the potential in this coin? KRAKEN:SCUSD I love seeing crypto being put into practical application. I have used icloud, google drive, and dropbox for cloud storage in the past. This coin changes the game by using p2p technology to decentralize data storage. The companies that store our data harness so much power due to possession of some our most valuable data. SIA changes this by allowing people to lend unused data storage capacity to be used on the SKYNET network. Privacy is secure by breaking your data into many pieces and encrypting that data and storing in multiple locations across the network. So technically NO ONE person or entity holds all of your data and even those who hold portions are not able to penetrate encryption and even if so would only have access to fractions of said data. This is major and makes want to invest in the coin, wondering what others thoughts are as I am fairly new to cyrpto and blockchain technology and even newer to TA. Any feedback and insight is greatly appreciated - Wolfgang


Well done! totally agree. Sia's coin inflation metrics will further add to upward pressure on price. The block rewards for miners are rapidly decreasing - less coins dumped on market. The more people use the network the more file contracts get created - the more coins get locked up in file contracts. Coins also get burnt as part of this process. There is much more on their website about this, basically the more people that use this the more the demand for a diminishing supply of coins. The have just released sia.skynet for developers mainly. What this means is that companies (like netflix, youtube etc- yes even google) could use this technology stack for their storage needs. The technology is no longer nascent it is ready for the mass market. Sia is ahead of the curve in this space and the price action will reflect this. It is a unique system that creates a market of renters and hosts, the end results is that the price of storage ends up being a fraction of existing legacy cloud storage services with the added benefit of being totally private- no one will be harvesting your data or be able to see what you have stored.
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@quewb wow, that’s amazing. Thanks for the insight, you’ve confirmed much of what I thought and shed light and more than I knew!
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one of the few projects in crypto, that has functioning tech, in practice, a valid business model and a wide target demographic, only a matter of time before it explodes.
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