[majewsky]

> I always expected that the price of these coins would naturally level out because you'd have to remain competitive with the likes of Backblaze or S3.

Backblaze and S3 cannot conjure storage space out of thin air. If proof-of-storage coins make hard drives more expensive, that also increases the capex for those services and thus their prices. In the end, they're just shitting on everyone's lawn, no matter if you're using your own purchased disks or storage-as-a-service.

Stake: I hold EUR and have never held crypto"currencies".

[22c]

>Backblaze and S3 cannot conjure storage space out of thin air.

The same goes for Proof-of-Storage miners, right? Whoever has the most buying power wins.