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RE: What is Siacoin. What is it's potential? Is it the future of cloud storage?
Thanks for the reply, I heard about Storj as well...
Storj - a decentralized, end-to-end encrypted cloud storage that uses blockchain technology and cryptography to secure your files.
Users act as decentralized cloud nodes essentially.
https://storj.io/index.html
Siacoin - a decentralized cloud storage platform that uses a blockchain to facilitate payments. You can rent storage, get paid host files, mine Siacon, or contribute to the project.
http://sia.tech/faq/
I am interested in how the community feels about each project. The two projects seem very similar. What are the pros and cons of each?
All in all i think both projects are great. It's always a good idea to take away a monopoly where you can do. And this is definitely one of the next areas where this will happen.
But i haven't used one of them till now. But whould be very interesting in how easy it is to earn money there. Although i'm a little bit skeptical because of the privacy right now ...