they MUST keep the price of the coin low so storage fees can stay low. If the price of Siacoin gets high, it defeats the purpose of the service. My 2cents
what kind of logic is this?
example:5 years ago, 1 share of netflix was $9.10 (right now, it's $171.40, or almost 19x more).
did the price of a netflix membership go up 19x? no...
Thats not how any of this work...
Netflix stock price have nothing to do with monthly fee. It is just how valuable people think Netflix is. You dont use stocks to pay for streaming...
With Sia on the other hand you do use your "stocks" to buy storage.
It all go down to if amounts of coins change based on what they are valued, or if the amount of coins for like 300GB is fixed.
example:Fixed. 1 coin is 2 USD, you need 5 coins to get 100GB.
Price: 10 USD - 5 coins.
In this case having high Sia price is bad.
Not fixed. 1 coin is 2 USD, but Sia dev's say you need 5 USD worth of coins to get 100GB.
price: 5 USD - 2,5 coins.
In this case it dont matter what the price is. This is how it will need to work if this coin shall blossom