I love how David put it that mining is a necessary evil. Remember Siacoin was intended as proof of storage.
But apparently that is very difficult to do with high security and reliability. So these guys are pretty smart and
used proven bitcoin tech which still isn't broken in 6 years for consensus to fuel the real tech behind Sia which is
storage renting.
Altcoin miners range from skilled technical people to simple kids. But they all have in common they mine for free
money and have little interest or vision. Sia will have asics like bitcoin and the miner will go away just like
the altcoin mining market will die eventually. Main stream will never use litecoin let alone litecoin clones. Mining
is just so dumb and not the future of adopted crypto currency. Smart contracts will help some coins reach the
holy grail of adoption and market cap not gpu mining lol.
Maybe a storage coin will come out with proof of storage one day but will you trust it? How many years will it
take before you're pretty sure its not broken and you lose all your coins and files. Even if they do manage to do it
thats great for them but Sia will already be out for a while and people will hopefully have fallen in love with storing
their files on its network.
I have siafunds and I mined some and I'll probably buy some more but the thing to remember is its not a
to da moon coin. The value of siacoin should not be fueled by speculation. It should and always will be
tied to the price of cloud storage. How much is it worth it to you to store your files on a decentralized network?
Thats how much you'll pay and thats how much a siacoin will be worth. In the beginning there will be trading
and speculation but after a while there will really be no point in staring at coinmarketcap eveyday. Siacoin will
move in relation to the storage market which people will always need.