I really believe on this project.
Maybe some of you will say that the supply is very high. but this is not the only reason for making the price moving !
The project in this case is more important. The will compete with Hosting providers like Amazon s3, google or microsoft offering prices 10-50 times lowers, and offering private and decentralized hosting.
This project is strong enough to reach $0.5 in a long term period.
The project is based on using siacoin 'tokens' as just that tokens in the asic network for cheap internet anon storage...thus instead of say $100 buck storage on Amazon,
any gov't can pry into, you'd pay $10 a month say for something NO ONE can look at...in that it is decentralized like the internet
so the price of siacoin itself is gonna dump if only used for speculation...I mean what are there now 27 billion coins now?..and when the ASIC's hit in 2018 they will add 25% more
a month?
thus, from what I understand the storage part of this has to work..or you will simply have an asic network running around passing worthless tokens in a circle and adding
25% more siacoin to the volume of tokens each month
it stands, imho on IF it can compete against Amazon Cloud at 10c on the $1 in comparison..if not...we have space heaters
so expect the price of INDIVIDUAL siacoins imho to dump big time.....unless they ramp up to scale on their decentralized storage...it all will be moot
oh and no minerbox out yet I think..that was supposed to be in July?
anyway, what it is imho, hope I'm wrong..if I have the mechanism wrong feel free to correct me on this thread
brad