Quote from: ol92 on September 03, 2015, 04:06:55 PM

Quote from: msin on September 03, 2015, 03:55:03 PM

Quote from: Taek on September 03, 2015, 04:34:16 AM

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?

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).

I still think there is an element of investment that has to be there. If you believe SIA will gain mass adoption then there is a speculation factor to buy coin while cheap and in its early days as in Microsoft or apple stocks... ( I know that a huge comparison) but for the sake of argument Grin