Siacoin is a magnificent product with a very clear and useful purpose. Siacoin is similar to the cloud idea, but works based on peer to peer.
People that use siacoin pay someone to use the spare storage on their computer. You may be concerned that they can access the files you store on their computer. Fear not!
The files that are placed on someone else's computer is heavily encrypted!
Another thing to put your mind at ease. It is of course possible that you lose the files. If this happens, the person who you pay for their storage will have an insurance policy in the contract your paying, and if they lose your files, they will pay you in siacoin, based on whatever was agreed in the contract you used.
Here is a comparison of potential prices when comparing amazon, google and microsoft's cloud storage:
As you can all see, the affordability factor with Siacoin is enormous when comparing to the mainstream storage facilities. For those of you paying for cloud storage, cancel it!! And use siacoin as your storage facility!!!
I hope those of you wasting money with amazon, apple, google and microsoft found this useful!
Much love,
Greatmb