I'm loving the idea and I'm pretty stoked to see what's upcoming with this Obelisk announcement on Friday. Decentralized cloud storage? It just makes sense doesn't it?
| author | blakey |
|---|---|
| permlink | siacoin-thoughts |
| category | cryptocurrency |
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I liked Sia from the beginning, I bought in early, and sold out far too early. Anyway, the only issue I see with Sia is they are going after businesses, and things like regulatory compliance need to get dealt with somehow. As a business you cant have someone in North Korea hosting a backup of your data, even worse you cant send or recieve funds in payment for said storage. If they deal with that Sia is a brilliant tool.
| author | scalextrix |
|---|---|
| permlink | re-blakey-siacoin-thoughts-20170619t211520030z |
| category | cryptocurrency |
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Interesting point about regulatory compliance. It goes against the grain of a lot of current cryptocurrency setups. By that I mean primarily talking about Bitcoin and the slightly sketchy brush it's often tarnished with. Equally though as DApps start to take shape for example, this cryptocurrency-entering-the-real-world thing is going to happen way more. There are going to be a lot of clashes with the 'old system'. It's going to be interesting to see how it plays out and most importantly, see how old institutions adapt.
| author | blakey |
|---|---|
| permlink | re-scalextrix-re-blakey-siacoin-thoughts-20170619t235521795z |
| category | cryptocurrency |
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Yeah for crypto anarchists its not an issue, but businesses have to comply and also have reputational risk to handle too. I did see a new lending platform white-paper Dharma where they have integrated KYC/AML identity checks into the architecture, so its possible. Whether such infrastructure would be cost effective and clunky for data storage is unknown (by me at least). I sense Sia and data storage can work in this type of framework because it offers a better redundancy and resliency model than current centralized providers. Where I think the problems really occur is on projects like Golem and SONM where they offer no advantages except (possibly) price, in these cases I see this being a stumbling block.
| author | scalextrix |
|---|---|
| permlink | re-blakey-re-scalextrix-re-blakey-siacoin-thoughts-20170620t063059424z |
| category | cryptocurrency |
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