From my calculations (please check)
There are more Siacoin mined a month than the entire BTC made up to this point in time.
Why am I in HODL mode with Siacoin?
Brad
Because Sia is a utility token and is meant to be spent and used within the network at a much higher levels then Bitcoin. Sia has recently introduces some cool projects like Skynet, so I can't wait to see where it takes us.
So as soon as the 'tokens' are released for the SkyNet project in real-world use, you are essentially, with the SC out in the world so far and SC mining at about 1.5 billion
SC a year...suddenly 'poof' the SC is worthless at such actions? (kinda/sorta)? How can anyone 'justify' the current SC price if such is going on?
I mean really? Why am I in HODL mode I ask again? A whale 'sneezes' and sells and the Siacoin is 'basically' worthless on such a dump?
Because Sia is a utility token and is meant to be spent and used within the network at a much higher levels then Bitcoin. Sia has recently introduces some cool projects like Skynet, so I can't wait to see where it takes us.
Of course, if the Sia team manages to implement their plans, this will lead to an explosive increase in the price of this coin.
I don't see this. If all these coins are 'suddenly' sold for use in the real world application above, they have to be worth a heck of a lot less per coin.
or, hell, what am I missing here?
Brad