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August 31, 2017, 09:08:46 AM |
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I've been reading about SiaCoin lately, and have invested a bit of money into it. But since that, the currency has lost half of its value.
What do you think about this coin? Do you think it will get some more value in the near future?
I read that it will be some upcoming improvements (6 to 18 months). Will this do the difference?
“1 - Next 6 months: proper support for small files by reducing minimum file size from 40 MB to 100 KB. This is absolutely huge imo. While a casual user might not be able to be a host, they can be a buyer. Most files people use are just not that big. Pictures and songs are a few MB. Small work files such as word,excel, powerpoint will be able to be backed up easily.
2 - Ability to recover your files only using recovery seed. Now you can carry your wealth in your head wherever you go by just memorizing your BTC wallet seed, in the next 18 months you will be able to do the same with all your files, doesn't matter where you are in the world. This is huge for journalists, protesters, human rights advocates, people who just generally live in more heavily censored parts of the world.
3 - Increased customization/parameters for choosing host in next 6 months. (price vs performance) I like this because it helps with lowering cost with long term storage as well as helps lower the barrier to entry for being a host. Maybe I access files once a year, uptime doesnt matter to me in this case. I could potentially go for an ultra low cost host who has low uptime then.”
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