expert reviewed cryptocurrency Siacoin logo

Siacoin

Siacoin is a decentralized cloud storage platform on the blockchain.

Decentralized file storage

💩 40%

Reviews for Siacoin

🔑 2 positive | 💩 3 negative

💩

Looks like Siacoin devs softforked their coin to gain a competitive advantage over a miner manufacturer.

This seems wrong from every perspective: harms coin security, seems unethical.

2018-01-24 | Full Review

🔑

Siacoin's model, while convoluted, is also a nice innovation. A portion of every contract for storage goes to founders so developers are incentivized to enable the production of many economically significant contracts, rather than just pumping price.

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2017-08-28 | Full Review

💩

The fact that [hardforking to fund operations] was even considered at all is a HUGE concern IMO. . . . Developers and creators have a lot of influence and they have to be careful.

2017-07-11 | Full Review

🔑

Sia works extremely well, and was / is not possible on Bitcoin. Even if it could be ported to work on Bitcoin it hasn’t been done so, until that happens it’s pointless discussing it. Admittedly their userbase is narrow, but it exists nonetheless.

2018-02-10 | Full Review

Decentralized file storage comparison

See how Siacoin compares with other decentralized file storage cryptocurrencies.