Quote from: CMCET on June 08, 2017, 08:57:13 PM

Quote from: fistfullofbtc on June 07, 2017, 06:55:25 PM

have you seen how much the network is used, 2.6% the higher the price the more expensive to use storage which defeats the whole point of it.

there are funny things going on.

Anyone care to explain what he is saying because i don't get it either. The amount of siacoins for storage will be or probably is dynamic since siacoin, a cryptocurrencie, is volatile. So if the price of one SC increase do you have to pay less SC for storage?? and why do you have to pay with SC instead of Bitcoin or Ethereum or any other cryptocurrency?

he/we/them can explain it myself.

look here, http://siapulse.com/page/network

''359 hosts / Storage: 1,337 TB / Utilization: 1.68% / Network spending: $52791/month / Rent price: $2.06 TB/month''

so the higher the price of the coin, the higher the storage costs. it is only 1.6% at 2.06 per month, do you think as the coin price goes higher the usage on the network will increase? Huh

??

so sia is worth 400 million, do you think it is slightly over valued based on actual usage?