Topic: Storj (SJCK) vs. Siacoin (SC) - Discussion (Read 17230 times)

as Febo said, 99% of the times are just empty bullshits about investing, partnership etc..siacoin have a much stronger reall supporters and users, on long term sia will eatup all the other competitors wich only exist on a whitepaper. Siacoin dev team have done a very good job and showned to be honest. You cant find that very easy this days.

right!

and the new wallet version 1.3.1 is out now 

All I can say is I am pretty happy I held onto my SIA right now with the way it's been climbing lately, looks like it's finally starting to take off!!

Those stories are usually just bunch of bull shit. Alliances, partnerships, investments, ...    In 99.9999% cases is just a coin marketing. Or not even a coin marketing but a marketing of few whales to be abel to dump at higher price.

SiaCoin is getting strong again,. Far over 100 satoshi. While it was under 50 satoshi was a paradise.

read the news that Google invested its funds in Storj, as for me it is already an indicator!

I think Story is older then SIA, but i could be wrong. They are both few years old projects so dont really matter which if few months older.   Partners in Crypto as in most cases just a marketing things. All you need is good team with good vision and good project. SIA has it all.

Thank you very much for amazing explanation.

Please correct in the topic title it is STORJ not SJCK. Anyway I think storj has more use cases and good potential than Sia coin. Storj also has many big companies as their partners. Sia has been here since many years but still it didn't proved what it is actually. But we must use these projects if they want to go big.

yeserday SC has a big rise and now is Storj, i think the coin market is more and more likely to the stock market, which has the segmented market, like these two are store concept

I thought to buy siacoins and after reading this topic I understood that projects like Storj and Siacoin is more for using, not for investing to get profit. Thank you all for this information! 

Interesting point. But rare coins already have use. Most coins price goes up by speculation how useful will be in future. If it will be 5 years from now then 5 years.  I sold my SIA when reached 500 satoshi. Now still trying to buy back. But I am mostly broke and can afford only small batches from time to time.

I came to a similar conclusion:


Good point about token value fluctuation being a hassle and risk. This can potentially be an issue with all utility tokens. One way around this though is if Atomic Swaps (or similar Shapeshift-like service) are implemented on the utility token, and then they are only purchased and used immediately... practically negating fluctuation risk/hassle. A working "stable coin" with Atomic Swaps is necessary though... something like bitUSD, Nubits, or Tether.

I gave up mining SIA a while back (and switched to a non storage based coin) simply because, I don't see a future for it. I can't see any large company wanting to go through the hassle (and risks) of exchanging cash for SIA then using it to buy storage. Currency fluctuations can have big effects on profitability (Lots of UK businesses after Brexit have seen profits squeezed, or even wiped out after GBP took a dive) Why would a large company already at risk of currency fluctuations increase that risk by also getting involved with crypto markets, and with something as important / essential as storage?

With high speed networks, falling SSD prices (and increasing capacities) along with super reliable HDD's does SIA really have a large scale customer out there? Perhaps content creators could find a use for SIA as an alternative back up space - but the likes of a large multinational with huge storage requirements would probably already have their own facilities in place. Honestly, I don't see enough small scale users to make up the difference.

So, that's why I got out - I don't think the demand will ever match the supply. I think it's important to have faith in any project you're investing in (whether it's buying coins or using resources to mine them, it all counts as an investment!) - I have a great deal of respect for all those who do believe that there's a future for SIA - perhaps you can see something I can't... (or maybe you are just smarter than me!) - however, for me - I think there are better options out there.

November 30th - UI Update Sia Client 1.4.0. Software itself will be much easier to use! Plus more updates like File-Sharing. November is a big month for Sia!

Now sia on the other hand has a wallet where you see payouts information about your infrastructure very quickly and very easily but the software itself can be kind of complicated to set up as far as payouts I have no idea which one is better than the other because all we've done is really play around with it.

Since most of you people cant distinguish blockchain from cryptocurrency and its uses here's something usefull other than "Sia was low and i lost my pants, Storj is better..."

Sia isn't meant to make you win a quick buck, its a token used to fuel the hosts and the contracts, its a means to reward the miners and the hosts providing the service. You can practically do everything with SIA since they are improving their project that goes way beyond Backups, if you look at their Roadmap they have everything a good service should have, backup, streaming support, file sharing in all its uses.

Its a project with a team that is growing and making it better, they aproach the aspects of the token yes but they give more attention to the usefull part instead which means its a solid thing with legs to walk and a bright future ( too bad most of you people have no clue about the dimension of what they are doing ) because it will compete directly with services like AWS, Azure and every other big name out there.

Their coin ( for the greedy ones that can only read coin ) will be bound to hit 0.2...3ish which in itself is good because this provides for cheap reliable storage.

The system is improving and these guys really deserve the support of the comunity because its that good a project not just because you can profit a couple cents in the short run.

Storj is more like the dropbox of the blockchain projects, they are after money which in itself isn't bad but it doesn't mean they are special either.. their system is prone to crashing and these guys focus too much on economics when they should focus on providing something actually innovative ( which they don't )

Don't get me wrong, Storj is ok but nothing special and its expensive and rushed in comparison to Sia.

The rest of the coins, Maid and File are both poor projects, one has the inklings of a Scam while Filecoin is a scam.

And finally, to the people saying Kim Dot Com is making something and its good... Its not, hes a scammer, and as soon as the americans get their hands on him, he and everyone associated with him will be in trouble, that idiot claimed publicly that his service can be used to trade classified info using the blockchain storage projects so that means trouble for all of us while that idiot is on a crusade to fill his pockets.

you simply download some software and pointed at your hard drive for since and let it run, but the drawback to that is that you don't really see the payouts until a month later.

What about FileCoin ?? It seems to be a direct competitor to SIA and Storj. Does anyone know the difference ?
Also MaidSafe Coin seem to have the same purpose than Sia. What do you think about it ?

I think Storj is overvalued. Also the services they offer are expensive compared to Siacoin. Siacoin has been around from quite long and trusted. Lots of investor still think it hasnt shown its true colors!

Better to hardfork or come up with a solution than start an ICO ( and leaving the team like what happened at Storj ) .

Second this team is engaged with the comunity and their roadmap really looks brilliant  ,

https://trello.com/b/Io1dDyuI/sia-public-roadmap

Last but not least i wouldn't trust Vaporware nor a so-called decentralized network that once 1 node dies the rest dies along with it like what happened with Storj,

https://www.reddit.com/r/storj/comments/6vg2r3/storj_network_down/

You people need to start reading into stuff before coming out with fantasy statements