So what would happen to the initial price of Sia once ASICS are released into the wild both short-term and long-term?
Once things get centralized towards the big miners, I fear that prices are going to tank given the huge influx of coins being released. Yeah things will taper off once difficulty increases but that won't be for awhile. The only public response from Taek on how it effects prices in his response to another Reddit poster seems to be that "inflation" is lower than other coins, which doesn't inspire much confidence. I interpret it as either a "nobody knows" or "it will be fine in the long-run".
Anybody familiar with how prices were like when ASICS were first released on the market with Bitcoin and Litecoin?
Maybe a history lesson would help.