I don't know anything about the subject, so no idea if these claims are realistic. But whatever, either they deliver or they don't.
My (or their, actually) problem is I don't really get what they are offering right now. There is an impressive landing page with big numbers and pretty pictures which explains pretty much nothing. Project seems to be in production for at least 3 years, there are some apps, but I don't actually see if I can use it to backup/store some data and how much it costs right now. I mean, they say "1TB of files on Sia costs about $1-2 per month" right there on the main page, but it cannot be true, right? It's just what they promise in the hypothetical future, not current price-tag?
The only technical question I'm interested here is why they actually need blockchain? This is always suspicious and I don't remember if I saw any startup at all that actually needs it for things other than hype. It is basically their internal money system to enable actual money exchange between storage providers and their customers, right? So, just a billing system akin to what telecom and ISP companies have? Is it cheaper to implement it on blockchain than by conventional means? How so?
> Is it cheaper to implement it on blockchain than by conventional means?
It's more so that anyone can join the network as a host. They don't have to have a financial or business relationship with anyone, they can just provide their storage service and charge for it. No way to do that currently in the world without a blockchain.
> It's more so that anyone can join the network as a host. They don't have to have a financial or business relationship with anyone, they can just provide their storage service and charge for it. No way to do that currently in the world without a blockchain.
Maybe I misunderstand your point, but I could certainly install MinIO (a S3 compatible object store) on a home NAS and charge people for it without using a blockchain. I see your point about not having a financial or business relationship with a blockchain network acting as an intermediary, but I can assure you that the IRS and various law enforcement and regulatory agencies would tell you that you absolutely do have a financial and business relationship with whoever is paying you via the crypto-network whether you'd like to or not.
> I could certainly install MinIO (a S3 compatible object store) on a home NAS and charge people for it
But how would that work? You'd probably make a website or app that had users sign up for an account, and then with that account they could associate payment information from a payment processing company, and then you'd provide them with credentials where they could log in to their Minio instance. Right?
Then, you have to go out and market your service, explain to people why they should use it instead of existing alternatives, convince people that you're trustworthy, build a reputation, and generally do sales.
In the case of Sia, you build your host, plug it in, announce it to the Sia blockchain, and then clients from all around the world start paying to use your storage.
Clients don't have to register for an account first, don't have to involve a third-party payment processing company, and don't need a sales pitch because they algorithmically test, measure, and rank hosts.
I remember at the outset of the web, a new thing was this user demand for services to become "self-serve", as in, you would no longer need to talk to a salesperson and establish a relationship in order to buy something — even something custom. I see this as the next step of that, where you want to be able to programmatically and algorithmically establish and dissolve those kinds of service agreements.
My (or their, actually) problem is I don't really get what they are offering right now. There is an impressive landing page with big numbers and pretty pictures which explains pretty much nothing. Project seems to be in production for at least 3 years, there are some apps, but I don't actually see if I can use it to backup/store some data and how much it costs right now. I mean, they say "1TB of files on Sia costs about $1-2 per month" right there on the main page, but it cannot be true, right? It's just what they promise in the hypothetical future, not current price-tag?
The only technical question I'm interested here is why they actually need blockchain? This is always suspicious and I don't remember if I saw any startup at all that actually needs it for things other than hype. It is basically their internal money system to enable actual money exchange between storage providers and their customers, right? So, just a billing system akin to what telecom and ISP companies have? Is it cheaper to implement it on blockchain than by conventional means? How so?