Why SiaCoin will be the Next Big Thing
(Disclaimer: I am not a financial advisor, nor am I giving financial advice. This is simply my opinion that I'm sharing with myself on a public website)
SiaCoin represents a token in the new shared economy where the 4th Industrial Revolution will reign supreme. A total wave of new disruption will overtake jobs and change the landscape of the way things work in this world. One aspect of such a change will be Artificial Intelligence or AI for short.
Artificial Intelligence comes under an umbrella of machine learning, deep learning, neural networks and other related sciences that will fuel autonomous robots, devices and e-services. In order for these things to flourish, they require extremely large sums of data also known as "Big Data".
Many companies dislike that Google, Facebook and Apple pretty much have this data on lockdown. And as a side note, for those of you who don't know, one reason why Net Neutrality was phased out was to give other companies space to begin collecting data.
Data needs to be stored and with Quantum computers coming into play, hacking will reach a new level never seen before. This is where pioneers like SiaCoin come in.
Sia will distribute data being stored on multiple computers in the Sia Network. The data now gets chopped up into bits a pieces and fits back together when retrieved like a perfect puzzle. SiaCoin will do this securely and very cheaply. They will have open space to challenge companies like Google, Amazon and Dropbox so long as the owners of Sia see their true value and not sell their company to a major corporation like Facebook, Google or Apple.
SiaCoin will then reach unprecedented numbers as their coin will now be treated as a stock. The value of the Sia Network will rise so high that, if the Sia team remains on track will put them on the map globally and become one of the largest Distributed Storage companies in the world. They will then have opportunity to rise from enterprise to private individuals who will look to protect their own data.
Citizens will wish to privatize their data so that they can be sold. Companies like Basic Attention Token may offer some similar feature where users are in control of their data on browsers such as the "Brave" browser.
However, data won't be limited strictly for advertisement purposes but also data emerging from your home's smart meter, your health (think fitbit) or even your DNA where you can now make a little bit of money while being treated.
Privacy, data and storage and the way we process these things will change. People assume that we will have less freedom, but in fact, we will have more freedom and greater opportunity to see wealth being generated from things we never thought possible.
The future will make us rich if we can play our cards right. As for me, I'm pricing my Sia where I think it belongs!