Are People Done With Siacoin?

Now that filecoin just released their ICO. I must know if people are done with Siacoin. Now that Filecoin publicly released their work I found Sia to be an attractive option for multiple reasons. Here's why:

  • Siacoin is a competitor of both Storj and Filecoin. Sia is the only one that hasn't grown in the last month.
  • Now that the FileCoin whitepaper has been released they can copy many of its proof features for their own purposes if people give them more money via investment into the coin. They'll have further capacity to hire algorithm experts and become a serious competitor to FileCoin.
  • The price is so cheap right now that it would make sense to invest now before everybody else drops in for it. Assuming BTC increases to $5000 it'll correct around that point and people will place their crypto funds elsewhere. Sia seems to be a good candidate.

Are these reasons for believing Siacoin would be a good bet wrong? Am I missing something?

submitted by /u/kivo360
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