Re: [ANN] Sia - Decentralized Storage - Working Beta - Currency has been released
Why is the price being hit so hard 
People are running away from Sia like it's a toxic investment, I just don't get it.
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?
An increase of 4X for a pow coin for one year less than one month after the launch seems pretty reasonable for me.
Most of pow coins had such an increase in their beginning.
On the other side, I repeat what I have said : kilo sia would be a better unit of account on exchange both for psychological reason (people prefers high price to give a feeling of value) and for the bid/ask relative spread (minimum 10% for a price of 10 sat).