Quote from: Metroid on July 01, 2017, 09:12:19 AM

Quote from: CarlOrff on July 01, 2017, 08:44:04 AM

What do you think about the impact of such ASICs on the SIA price ?
UP ? Down ?
The difficulty will rise a lot, that's certain, but the price ?

Like all asic coins, siacoin's value will stagnate after asic miners hit, it will not increase cause people will sell as they go hoping to get the value they paid out of it. After they get the value they will still keep selling it to get the money and invest on other coin and you may ask why they will sell? why not hold? the same thing happened to litecoin, see where it went? siacoin devs will have no control of asics after a later date, chinese will mimic improve the damn thing and then will be gameover. Nobody will invest on it cause there will be no control, just like bitcoin, litecoin or any other asic coin. I mean nobody understand why the chinese could sell thousands of bitcoins at 200 usd when europeans and other asic producers around the globe could not sell a bitcoin for $400, see where i'm going, how the chinese could and the rest of world could not? chinese are the greatest mimic techs of the world and once you give them a way to cheat the system like the siacoin devs are doing then its a gameover. The siacoin devs are dumb or perhaps they know where this is going and they want to make a one hit and run for life.

Thank you for the reply.. but difficult to understand, no ?