Back to my point...if ASIC's are needed for the decentralized network they plan and the NETWORK IS NOT IN PLACE YET to compete with Amazon
at the supposed 10c to 1.00 format, etc...and IF the siacoin price NOW is based on scarcity..it won't matter...no one will turn on equip of any flavor
asic, gpu or otherwise for a coin that has no value in that it is 1) no longer based on scarcity for price (esp if 5x the ASIC's driving up difficulty and coin
production) and 2) no network for these ASIC's to contribute to.
you can't have both the coin is either 1) valuable because of scarcity vs use or 2) valutble for use in their decentralized network
I'm just saying I see no such decentralized network in place in any manner large enough nor complete enough to pull the price out of the dumps ..indeed
it will make it worse for price of siacoin in the obvious fact of no network in place and a lot of asic's sitting about..folk will NOT run their asic's at an electrial
loss....price of siacoin will not stay up just on speculaltion of network coming and previous scarcity ..thus plunk
if you doubt that look at the amount of asic's that were dumped vs the LTC price as of today...difficulty overstepped the value of the coin (LTC) ...
so a muddled mess indeed..hope it won't happen....but not hearing a lot of the decentralized network hitting the world at the same time as all the asic's
hit the siacoin world either
sure, amount of sia coin will be 'the same' but a lot of coin does not mean it keeps value....
Again, even if it dropped back to GPU mining and the ASIC's are off the electric use is the same more or less....the coin will not survive if they
say they made a mess of ASIC's for their decentralized solution to storage...and 'guess what' it is not there or they postpone it for a year
and the current crop of asic's are of no use to run....speculators will walk, gpu miners will not compete with asic's that also are going to go
off or in a dismal state...it is like the old paycoin cloud mining viewpoint...if the rug is pulled out from under the concept..than it won't matter
how many coin there are....the consumers will go to more successful coins, that would not have the damage of the above from a late
network launch and asic's in the tank unable to be used for anything of note, because price of siacoin tanks on the above fiasco.
Sure the network would survive, sure sia-tech would likely survive even such a missed launch...but could siacoin ever recover after such
a fiasco...doubtful...money talks and bullsh*t walks....folk would walk with eventual coin being worth nothing in their vision was not up to
speed on the storage solution when they said and with the asic dump (investment) of equipment not able to be used....ie coin would tank
and likely stay tanked in price IMHO, would be too much of a boat anchor on development etc, folk would move on to other projects with
such a failure, again IMHO.
You miss the point...look at your LTC example...people give up, difficulty drops, remaining people earn more...then people that gave up come back, and back-forth
few times, it settles at perfect point for most people involved
As for SIA coin and its future purpose...you described 98% coins on the market...wheres monaco VISAcard? Wheres OmiseGO network? Do STORJ have
finished product? etc
We can only hope (and technically savvy maybe check for themselves) that team is doing right and folowing its roadmap