Having one payout per year would help with taxes. ![]()
Yes, thatās the main reason for L2 SNO who cash out directly (less tax work),
also its scheduled, so you donāt forget it.
( and pay extra taxes the next year exeeding the free limit , at least in germany.)
Wouldnāt work here, as the L2 transfer is already counting as payout.
you understood wrong. ofc the one payout counts.
all theoretically:
BUT if you forget it (to push the button method), until next year, you cash out double amount, exeeding free limits eventualy. That is covered with scheduling.
It seems I missed this discussion, but it didnāt go anywere anyway.
One thing to clarify: if payments are made once in x months, how are they calculated?
1.Storj Inc keeps track in storj tokens for every month in that cycle?
2.Or sums up the monthly value in usd and pays the equivalent in storj token?
If itās the first, I donāt see any benefits in opting in. Basicaly, they hold the token for me for a few months, instead of me holding it in my wallet.
I assume you all assume that itās the second scenario. This has more drawbacks:
- the payments of the service by clients in storj token would not equate with the payouts for SNO, producing and imbalance for Storj Inc;
- on payout day, if all SNO want to swap for stablecoins or whatever that huge amount of tokens, they will empty the pools and make the price plummet into an abiss. Many could not even swap/sell. A disatreous situation.
- if itās trigered by a button press by SNO, the problem BS mentioned with Storj Inc wallet being drained will arise.
So I canāt see any benefits of cycle payouts.
And I like too gamble with token prices too, increasing my payout.