Whenever these hosts get paid for their
storage services, siafund takes 3.9% of it. Thats a damn good deal for everybody.
Everybody?
Sia seems to have an astronomically high block reward that continuously inflates the siacoin supply forever.
With an indefinite 30,000 siacoin block reward, how can siafund holders capture any value from their measly 0.000039% from each storage contract?
This doesn't seem "damn good"
Since the NXT AE investors get access to 10% of all 10,000 siafunds, then all the NXT siafund holders combined will get only .39% of the tx fees for storage contracts.
This doesn't seem "damn good" either.
Let's run a quick calculation based on Bitcoin transaction volumes.
Per day (well today) Bitcoin tx fees amount to about 17 BTC. a meager 0.12 BTC per block
Assuming Sia will have as much transaction volume as Bitcoin (which it won't), then traders on the NXT AE paying $1,000 per siafund could earn at best 0.000039% x 12 BTC = 0.0000468 BTC/day = $0.010998/day? That would be ROI in about 249 years!
Even with the full 3.9% Nebulous would only earn 0.039*12BTC/day = 0.46 BTC/day which isn't enough for a single person to live on, def not a company of 1000 employees.
I still think the idea of decentralized cloud storage is good, but I don't Sia-how-da economics of Sia works out good for anyone.
Am I missing some crucial information here?