I actually made a mistake this time (but not in the original post linked from my post above): 1 MAID is currently $0.012714. Let’s make that $0.01.
So 1GB on SAFE Network would currently have to cost 1,000 MB * $0.01 = $10.
I came back here because two days ago my result seemed quite odd and I remembered that I got a much higher cost of capacity when I calculated few months ago, so today I came back to review.
This is why I said in the “Day One Scenario” post that the price will have to dramatically fall or the amount of storage will have to dramatically (by 1 or 2 orders of magnitude) increase. Or some combo thereof.
As I said in the original post linked above, if one buys 100 MAID for $0.01 today, converts that to Safecoin on Day 1 and discovers he has to pay 100 Safecoins (that is, $1) for 100 MB, he’ll probably try to sell 100 SAFE and buy 100 MB for $0.2 someplace else. Of course he won’t be the first one with that idea.
Some may wait for the available capacity to increase so that they can get more storage for their Safecoin, but the problem is why would it increase if everyone is waiting. In theory at least, rewards should be falling, not going up. The exchange rate and amount of free storage may very well meet somewhere in between (after a large drop in Safecoin exchange rate).
What’s interesting is that except DY and maybe two other people, others refuse to consider these scenarios. To them things are somehow supposed to work out, although possible mechanisms remain unknown (well, my scenario above is known, but not acknowledged).