fabiorem
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May 30, 2019, 08:51:29 PM

Look at siacoin that i made so much profit on,  it acts as a decentrallised cloud server on the blockchain, pays people to store other peoples encrypted data with fail safes.  Inginious idea, but still sometihing like only 10 terabytes used,  when $150m is invested (or at least the market cap).  thats 5 x $50 2TB harddrives.


Thats because every altcoin have its price pegged to bitcoin.



I wouldn't say pegged so much as reactionary to bitcoins movements.  But during the long bear market from 2013 -2016, most alts were decimated until bitcoin revived.  but a few good alts emerged during the bear market, ETH, Monero ect.  



I asked in the altcoin forum if someone was making money out of Storj, which have a proposal similar to Siacoin.

Nobody answered. These projects are dead. Im not saying the idea of renting your disk space is bad, though.