"These are not shares. The token value implies the value of the token only, not of the project or company."
They are tradeable, and what is in cirulation is tradeable, the volume is a result of the business plan and solely the responsibility of STORJ… I said “publicly worth” and it is a representation of value. If someone with a big stake sold millions of tokens on the market, the price would plunder to near-nothing… Isn’t that quite worrying? They would eventually get bought up though, if anyone was interested…
"What is your argument for the “SNO’s are being kicked about” part?"
The rewards system is based on converted tokens… Customers at tardigrade are paying a flat rate USD, the service usage is based on USD, then a one-way conversion to STORJ is happening based on USD market rates and then the SNO’s are being pretty much fed USD. From there, there is a 50/50 chance things could get better or worse for token holders, the price of STORJ could get higher or lower based on market activity.
FileCoin seems to be having slightly more complex economic-idea issues too, from what i have read about it, but slightly dissimilar to this, miners are moaning. For context shall we refer to SNO’s as farmers/harvesters from now on? So as not to trigger people?
"If you don’t think there is currently enough data coming in… then don’t be a SNO."
If another model was in place, there would be more than enough data coming in… Because there would be the potential for SNO’s to make the network grow.
Imagine from day one, 1 STORJ per TiB (or some other “proof of whatever” unit), or 10 STORJ per GiB, and it stays like that with perhaps some stabilising tweaks, such as a variation in this value based on perhaps market rates and network activity. Likening this to “difficulty” variances?
This is the buzzword? It’s more unfair than unrealistic.