I am really interested in Siacoin because it is tied to providing a real world solution. However, when reading into this coin I discovered that there are some serious problems with usability. This mostly concerns the fact that loading up the software until the point that the user can obtain a price of storing files (a 'contract') can take up to 45 minutes. Guys, I am getting annoyed at my computer already when not responding in 1 second. So I find this a very serious concern.

2nd, I have asked around and read through the documentation on the Siacoin website/wiki, but could not find anywhere how the pricing is established. Is this a free market based on supply/demand or a fixed amount of tokens or what? Without understanding this, it is impossible to get a feeling on who price will develop should the use of Siacoin spread over time.

3rd, all 'payments' will be done in Siacoin. I do not see an option to pay in other cryptocurrency (like Bitcoin). This makes the process for an average user more complicated:

• buying Bitcoin
• exchanging Bitcoin for Siacoin
• pay for storage with Siacoin

instead of:

• buying Bitcoin
• pay for storage with Bitcoin

I am not sure whether support for other cryptocurrencies is being considered.

All in all, Siacoin holds big promises, but it is not there yet for me to invest in it. This may be reflected in the current low prices.