Where does SIA stands compare to Storj?
pricewise there is a huge difference..
pricewise there is a huge difference..
That's because SIA block rewards are really big.
I'm glad that SIA is recovering slowly (I hope to see 200+ sato soon).
Yes, SIA block rewards are high that's why it cannot able to survive in the market because people are kept dumping the SIA coins. Only volumes are increasing but the value of SIA is the same situation when Bitcoin price increases.
Big coin supply is not bad. Continuous mining is also not a bad thing, it brings security to the blockchain! I'm sure that SIA will recover to 300 sato levels soon. Strong project that might be slightly undervalued right now.
"Slightly undervalued". They are whitepapers who have more market cap than Sia. It is a wolf in sheep's clothing but unfortunately a victim of that cryptocurrency hype. There are two options:
A: Sia is currently undervalued
B: 99% of the other cryptocurrency are currently far overvalued
Choose one.
People nowadays mainly buy coins to hold. They treat them as an investment. But that is not a healthy process. Bitcoin might be an exception thus his status as worlds first crypto coin. But we don't need 900 of them. We need coins that have a use, a use that is more than beeing a currency and not only a theoretical one from a whitepaper. That's why the crypto world is turning into a morgue. A morgue full of crypto coins that everybody has, but nobody wants. And guess what: You won't find SiaCoin there. Cause I will still need it to pay my cloud storage bill.
Nobody's going to use ever siacoin as a storage solution.
It's either expensive for the host or expensive for the customer, but it can't be good for both
And this ignores how complicated it is to store and download files from sia compared to mainstream solutions, the fact that you can't give a siacoin bill to your accountant and the constant price fluctuation.
You guys just can't give up.
About your B), yes 100% of the cryptocurrency market is all hype and no use atm and is seriously overvalued.