Not sure why this wasn’t posted here but… [image] An open letter to the Storj token community: the restructuring, the network,...

So I get that now the Storj Global Network is profitable, with present price model, operators and clients. And the code base is pretty mature. The only problem is the past debt. So if the debt is solved somehow, who takes the helm at SGN is on profit from day one. That’s in part very encuraging. …

Ok, I admit that today’s forum downtime (I guess to upgrade?) has made me worried for the first time in this thread :stuck_out_tongue:

Meh. Carry on as usual and see what happens. Really not worth losing sleep over (for us anyway, clearly uncertain times for the Team and I do feel for them).

Not knowing much, I asked AI … Instead of wiping out the $STORJ token holders (who act similarly to equity holders in the crypto world), management wants to offer them real equity (shares) in the new version of the company. If the bankruptcy court approves this, it breaks the standard rule, turning…

Phase 1, collect underpants: STORJ | 24h Range | $0.04569 – $0.04808 | Target hit, .04569 … well almost, that was an 18% drop since my last post. Now dead cat bounce! Weeee. PHASE 2: ______________________. PHASE .03: Prrr-awwwwfit! Well we’ll just have to wait to see if there’s a payday or …

[image] andrew2.hart: it breaks the standard rule, turning crypto token holders into corporate equity holders. I think it would work in a different way: [image] $STORJ Community Buyout: Indication of Interest Is Open Announcements But it could be a voti…

If company doesn’t pay SNOs, I am out, and I am sure many more people will follow suit. Folks can of course do charity and run for free without being paid, but, I’ve seen my fair share of scams through the years, and I’m not participating in another one. Pay me, I will run for one more month. Don’t…

Storj are not a scam and your inflammatory and puerile post doesn’t show you in a good light. They’re a business. If they fail they’re a failing business and failing businesses seldom end up paying all creditors. If you’re so incensed then there is nothing stopping you quitting the project. You an…

I’d say @ACarneiro is 100% right. I’m not an employee, I’m a contractor, just like any other SNO. I wasn’t paid when I came here :person_shrugging:. I just wanted to help people because I had some problems that I solved, I have the knowledge, and I wanted to share the solution with others so they wo…

I hope so too. I’m happy to have provided SNO services so far. I still haven’t broken even on my hardware investment (even though it was only a few extra parts and disks to add into an existing server). But at the end of the day, this is a service, not a charity. As @ACarneiro said in the post abov…

Storj files for chapter 11 bankruptcy?

Alexey August 1, 2026, 8:00am 43

I think it would work in a different way: