Quote from: kennyP on August 31, 2015, 11:06:14 PM

Quote from: kpierce77 on August 31, 2015, 09:21:53 PM

And why did the price drop like a rock?

More people mining than buying storage. That's likely to be the case for quite a while, but when it flips (more storage users than miners) so will the price.

Exactly this. Miners mine and dump its what they do. Like the geico commercials. Anyway, just like every coin all the trading is speculation.

But unlike all the other coins Siacoin if successful will have an absolute value in being worth storage space. Its really not as important the

value per coin. The hosters will set the price. If its not cheaper or competitive with traditional cloud storagers then nobody will use it which

is why nature will set the price of Sia. If you ask me the fact that you can use a working decentralized storage system as opposed to a centralized

should cost more.