1. uptime depends on the hosts, which are anonymous, contract free users like me and you. You can store all your data on my pc, then I just realize I make much more on burst coins and who cares.
2. What? What do you mean by reliability.
3. How? Download bandwidth depends on a connection between me and you, and I doubt neither of us has a network comparable to professional services which have multi hundreds gigabits of connections.
1. Uptime depends on hosts yes, but there is redundancy. You're telling me all hosts will just abandon Sia? There are businesses already setup to offer hosting for Sia (there is one specific one that comes to mind on Sia's forums. Look around there.)
2. Sorry, by reliability I meant redundance!
3. You can download from many hosts at once on the Sia network. It's block-storage based. Like I said, it's torrent-esque because you can download from many sources at once.
So it solves a problem that has already free alternatives. It solves a non existing problem.
Uh, where can I get free, fast, anonymous, encryption-by-default hosting?
Another use I can think of for Sia: lossy big data. Store lots of records onto the network that are not important until the network becomes larger. Once it's larger (so more redundance), important data could be put there too.
You're free to believe in what you want, but you can bring no valid logic to counter my arguments.
Why do you say bullshit like this? To scare people? Anyway, let the debate continue. I look forward to your responses.
1/2. Redundancy costs. A lot. Who's gonna pay 17.60 to store 1 TB on Sia (3x redundancy) when he can get illimited TBs on Dropbox (and much more services, and doesn't pay bandwidth.
Why do you say bullshit like this? To scare people? Anyway, let the debate continue. I look forward to your responses.
Sick of people buying and pumping things they don't understand. I'm actually really sorry for them.
You need common sense to understand that to store your files on Sia (with the infinite downs Sia has compared to a professional use) it's either cheap for the guest and low (to not) profitable for the host, or it's expensive for the guest and profitable for the host.
Right now it's basically both, it's close to 6$ (no bandwidth included) for no redundancy storage per terabyte, hosts meanwhile make basically no buck, go check on siahub.
Siacoin talks about 2$/TB. Now use your logic, who would ever make a hosting computer for 2$/month/terabyte. Nobody.
So again, it's either cheap for guest and unprofitable for host, or it's expensive for the guest and profitable for the host. It can't be both for sure.
Meanwhile the marketcap is 500 billions. For a network that store 27 terabytes of data.
When the dot-com bubble of cryptos will hit (and we all know that it's going to hit us sooner or later, entire cryptomarket is bigger than the GDP of many countries in the world) Siacoin won't be one of those saving itself.
You may be interested in speculating, I feel myself more of an investor. I try to understand what I buy, I run the numbers.
They don't work for Siacoin, sorry.