I think I can remember that every time in the past when somebody came up with the question of investing in the STORJ token in terms of making profits of price increases, those questions have been silenced with the stance that Storj is about storage and not about the STORJ token prices.
So are we talking now about the question how we can increase the STORJ token prices so that the company has to use less of their STORJ token reserves and can last longer with it?
Didn’t we have such a discussion just recently multiple times?
So Storj will transform from a storage business into a bank?
As I understand it Storj is looking for VC money. I just don’t understand how is it better to buy volatile tokens for that money to pay salaries instead of directly pay Salaries in USD?
Other start-ups issue stock options to their staff. I don’t know if this is an option and the required transformations can be conducted with VC money if it is required to get rid of the token.
Well… while I like the thinking into such a direction, it comes out as creating a new coin to solve the problems of the old coin. It is what other projects have done and it does not really create confidence in that project.
That’s the problem. Despite all transparency, there is zero known about current or future probability. Everything is extremely vague. They don’t even disclose if a customer has chosen the public or the Select network.
I would not invest at this current state. More transparency would be needed to prove that profitability can be achieved at all.