Why do we need SiaCoin? What's wrong with bitcoin / ethereum?
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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?
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Too lazy to find the answer to this question? Its been asked and answered many times.
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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.
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@whoami
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.
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@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.