You are viewing a single comment's thread from:

RE: Dangers of Centralization in the Example of Siacoin

in #crypto7 years ago

I totally agree. I guess it would not hurt to have like an economic adviser in their group so that they avoid mishaps like this in the future. Whew! It could have been a disaster if they proceeded to dillute the price of Siacoin. Steem had that problem as well when the inflation rate was too high crashing the price of Steem from $4 to measly 17 cents. Good thing that was avoided.

Sort:  

I really believed in the concept of siacoin, great potential to take over storage space. Now I am not so sure, I need to reevaluate my position. But the fact somebody donated almost half a million means there some strong hands interested in the success of the project.