Why do we need SiaCoin? What's wrong with bitcoin / ethereum?
Without a plausible explanation, to some skeptics it isn't sure what's more important: idea of decentralized storage or if it's just a cover story for founders to profit on their coin.
So why exactly do we need siacoin?
What does it have that ethereum doesn't have?
Too lazy to find the answer to this question? Its been asked and answered many times.
Googling this question got me no real results so I am asking.
If decentralized storage was the goal, wouldn't first priority be to reduce barrier to entry?
To open a pay with cash -> use right away type of busines.
Let users pay with cash and buy bitcoin -> siacoin for them and manage it for them?
Even buying bitcoin is a huge hassle for average user, installing wallets that take up GBs of space and need hours to sync is very user unfriendly.
Search for the roots of Siacoin.
Look at the time Sia project and the corresponding coin was created and see what other options were available at that time.
@whoami It isn't decentralized storage that is the goal. Decentralized (Read secure) everything; so using a central currency (based on a common encryption) is bad mojo. Additionally: insert lots and lots of other reason.