Good article. If the coin is going up as a result of its demand/use, especially by an Amazon or other service subbing out the work, then how does the automatic inflation of the number of coins work? Is it just keyed to staking and mining and what prevents miners from expanding the number of coins infinitely driving the price per coin down to next-to-nothing? Don't get me wrong - I'm hardly a basher since I have 100k+ of Sia coins, I just don't understand the expansion of the number of coins based on anything other than mining and staking...
RE: Up and Coming #2: Siacoin
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Up and Coming #2: Siacoin
Thankk you @cpalawyer for your reply. Well the reward for each block will eventually be 30,000 Siacoin. At the moment they are paying 188,278 a bock as a rewards meaning we are at block 112,722. Still a long way to go before we reach 30,000 a block and currently there are 27.28 billion Siacoin. As long as demand is higher then the inflation amount there is nothing to worry about. Keep checking https://explore.sia.tech/ and you will see if demand for Sia is increasing or its just the coins. Under question 3 you will see how it works. Hope this answers all. if not let me know.
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