Well maybe we should get better aligned first and Storj shall clarify what their understanding of “tokenomics” is.
At least according to Wikipedia this covers several areas including:
Key areas of interest include determining the value properties of the tokens themselves, and how the properties of tokens (together with other cryptographically secured rules and associated system actions) affect broader economic characteristics of the system including:
- How they provide and distribute scarce resources
- How that system interacts with other external economic processes
- How economic agents behave
- The economic efficiency of all these processes
So maybe Storj should be more specific about what their real goals are. Because so far it appears as if Storj is not at all interested in considering fundamental changes to eliminate the fundamental flaws of the current concept.
Whatever changes have been proposed, we hear the same responses, like that the implemention is too expensive or that it will hurt the token value. This basically says that Storj does not really want to change anything.
So what is the purpose of asking for ideas? What suggestions did Storj have in mind when asking for ideas to
?
Some magic wand to increase the STORJ token value magically but no changes in the status quo?
To me it appears that Storj refuses to accept the possiblity that the STORJ token has served its purpose and that fundamental changes should be considered for future stability and utility of the companies business case.
To me the real issue is not tokenomics at all. Storj is a storage resp. infrastructure company and not a crytpocurrency venture or a payment provider. It is competing with AWS, Wasabi, Backblaze, Azure etc. and not with PEPE or Litecoin. And therefore for me any further thought into keeping the token on life support - when the company’s fundamental value and business case lies elsewhere - is simply misallocated effort.
In my opinion the strategic planning should go towards exiting the token and ressources should be invested into anything that strengthens Storj business position as infrastracture company.