Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Sia - Decentralized Storage - Working Beta - Currency has been released
by
msin
on 03/09/2015, 15:55:03 UTC
Why is the price being hit so hard  Huh

People are running away from Sia like it's a toxic investment, I just don't get it.

Because Siacoins are not an investment. To me the supply model doesn't make any sense if you are concerned about the price per Siacoin.  If hosts set the price of storage, and Sia is divisible, why design a coin that increases so exponentially?  You could have 21 Mil Siacoins and storage would cost just fractions of a Siacoin.  People have no incentive to hold Siacoins right now.  Why would I pay for Siacoins right now when the supply will increase 4x in the next year.  If anything, people are overpaying for Siacoins right now.  Siafunds are the investment, because you are collecting Siacoins by doing nothing.  Or am I wrong here?