I'll set up a service to buy sicaoins via paypal...
I had that thought for long, but the issue is if people are willing to trust such a service?
The intention should be buying smaller amounts NOT for speculation or investing but to get people going. Today it is a bit tedious to buy one coin and having it exchanged to SIA
However the process of having the full client running does not go away, since today this is the only way to interact with the network and is also the only proven wallet.
Thinking more about it: The price of a Siacoin will be determined by demand. Demand will be a relation of capacity. Currently there is 300 TB of file contracts. But what is available capacity? If capacity is increasing faster than demand Sia price will be low.
I believe this will result in commodity like pricing whereby the low cost providers of storage (excess capacity and cheapest bandwidth) will sell at a price that it covers all the costs and offers a worthwhile return.
But how does that translate to the price of a Siacoin and hence the marketcap of the Sia?
How do we calculate a reasonable market cap range for Siacoin if we use a demand of 500 PB?
The wiki has its own text format. If you register an account you will be able to edit pages. I have added Italian is one of the supported languages so you can try it out. To translate a page click the gray button with "Italiano (it)", it will show that version of that page in that language (which doesn't exist yet). This is the index page for example: https://siawiki.tech/it/index
Technically it would be possible (it is not yet on Sia network). But there needs to be someone (node) doing the checks. And that means you effectively delegate your privacy to that node...
So, there are at least two problems:
You give the control of your data (and allow to spend your coins) over to someone else;
You need to know the location of your data when you want to download it.
The second problem would be solved when restoring file access (contracts) from seed is implemented.
The first one is a "political and risky" decision. - Again, you give away access to your data and allow someone else to spend your money. And, as you have no control on the other nodes, you can't be sure that the node you trust to do the maintenance will be online and doing the work forever exactly for the same reason you can't be sure the data holding nodes will be there when needed...
There will be companies doing that for sure. You will have the possibility to hand your data over to someone who stores it on Sia network and does the maintenance for you. The Sia network is just not mature for such use on massive scale yet. The "Restore files from seed" feature is one critical missing feature holding this use back.
@mrcruzi I agree with you and one of the few companies that demonstrates to be objective using blockchain technology.
Unfortunately it is not following the growth of the market but I believe it is due to lack of analysis by the investors since it is a new market and made of speculation, but you can be sure that this company does indeed have a giant potential. is worth a $ 0.06