Buyer beware. The miners of this thing are doing a coordinated propaganda effort. Why the coin is stupid: uses "mining" to distribute the coins, but the network is secured with Ethereum miners. If you understand how blockchain is supposed to work, you'll immediately recognize the towering stupidity of this concept.
On the other hand, this market is about 90% stupid, so you might wind up making money, via the greater fool principle. Just understand that is *all* this is.
Full disclosure: I mined this thing for a while myself a few weeks ago -- I have nothing to gain by telling you this.
So glad I bought at 0.0003 and dumped my entire stack on you faggots at 0.002
Caleb Howard
The team is forward about the fact that mining is just meant to secure the "decentralized distribution" of the coin, rather than any network. So the question becomes: do you believe PoW mining is worth ensuring a fair, decentralized token distribution system? Maybe, maybe not. But it's an interesting idea to "solve" the current ICO problem. There's a great article that the SIAcoin team wrote about how ICOs have a completely fucked up incentives system for the founders. I could go on about how the trend of negative attitudes towards ICOs bodes well for this token, but I'll just sound like a shill (I'm sure I already do).
Benjamin Sullivan
WHERE THE FUCK ARE THE MODS?????
Henry Cruz
I don't think you know what you need to know in order to form an informed opinion.
