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RE: 7 Rules You Should Follow When Doing Due Diligence For Crypto Coins
I find it hard to read the full white paper in first attempt but I look for development team.
Supply is also a thing to look for and I also look for the possibility of mass adoption of the project by crypto world as well as real time world. Just like Sia coin has file sharing and storing project that has good potential and will be adopted by masses in near future.
@cryptokraze I agree Sia definitely is on my watch list, but I'm wondering if something similar will pop up and be run on Eos that will be better. As for storing files, they have to compete with google drive which allows 15GB of free storage. I think it could be a force on the webhosting side of things. Or for people wanting to share copyrighted content. I personally won't invest in anything that allows copyrighted material to be shared openly.
Yeah they have to compete with major whales of market but Their paid services will be like 10x less cost so it will attract paid clients towards Sia.
@cryptokraze I could see using it as a backup for my google drive, but I'm not sure I would ditch my google drive completely. If something like this was built on steem where I could pay with steem dollars I would be more likely to use it. The privacy would be better than google which is a plus for sure. I don't think most users will care too much about privacy and be happy using the free google drive for 15GB.
Yeah obviously we should not shed google drive or any other service that will be taken over by crypto currencies untill they are regulated and have at least 10x less price.