Token free fall

Am I the only one to think this drop of value is a good thing? I.e. the more the token drops the more storj I receive? Perhaps I’m still stuck at the early stage of the project, when almost everyone was considering it as a hobby, and great if it comes with some financial benefits…

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I think a lot of us look at the market value of what we receive: and not just the quantity. It’s a utility token so there’s no reason to expect appreciation.

But you’re correct: we’ve been quite consistently receiving larger and larger counts of tokens over the last year:

"This is a bit of a side story, but it reminds me of an experience I had 10 years ago. I once attended a shareholder meeting because the stock I held had plummeted.

During a factory tour, I saw the executives passionately explaining their projects and working hard. That moment convinced me to just hold onto my shares. Now, that company has become incredibly promising.

While I can’t physically see Storj’s working environment like I did back then, seeing the team’s dedication to the project gives me a similar feeling. I’m casting my vote for their positive development."

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Lol. Why not. They need to know that their current system is not working and that there are better alternatives. Not just for the SNO but also for Storj.

So why did the other party sell then?

And Storj token reserves are depleting much faster when STORJ value is low. So no, not good.

This so obvious that it is almost laughable to argue about it.

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Spot on! With each bear market all they do is just complaining about token depeciation. And when the bulls return, they regret of selling the token in the first minute of receiving it. The memory is such a funny thing. Some have it, some don’t. :sweat_smile:
There will always be a next wave, just wait for it.
When the token will return to 0.2-0.3 $, you just made 2-3x for these months. And if your hands are strong and hold untill 1$, you just made 10x. Why are you so eager to get your xx$ right away?
I regret not holding onto it in the past, now I have a new chance so I’m taking it.
And for all the critics: you keep throwing mud to this little token and then cry about price drop, and expect outsiders to pump it? :man_facepalming:
Maybe stop talking if you don’t have anything positive to say, and maybe prise the business, the future tokenomics that are planned, etc. and the price will go up again. If you just sell in the first second, just let us hodlers be, and don’t interfere.

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How you do that out it all go to fee

A common (and fast) way to turn a Storj payout into something-you-can-spend, is to use a CDC wallet address to receive the tokens. So you can instantly sell them, and then pour the money into one of their Visa cards. Only takes a couple minutes.

So you don’t pay any ETH fees sending the tokens to another wallet: you can sell immediately, and there’s no fee to add the money to your Card. Then go buy something on Amazon or whatever you want :slight_smile:

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Those are all goofy workarounds. I want USD in my (existing) bank account, automatically. Anything else is a fools errand.

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It will be interesting to see what the’ll choose for settlement on their Diol marketplace. Somehow I doubt it would be a great idea if market participants would be forced into using something volatile to buy and sell data, compute or storage.

And yes, I also wonder this:

I pay for backups that I keep in storj

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funny thing

customers who buy storage pays in $, yet the storage nodes are paid in “funny money”

You are misrepresenting reality. Operators are paid in USD. The settlement happens with tokens. Please familiarize yourself with the topic before commenting.

same thing for me, if i where paid in USD i would have seen them in my bank account directly

instead i have to deal with swapping them to eth and then to DKK

but yeah we can bark up many tree’s and i think it will never change,

one would wish there was a system like storj but without any money involved

out again

I think there is a solution for your desire, you can make your own satellite, get own clients, offer then payments in USD to operators, then it will be as you wish. but All business risk are also yours.

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No it’s not the same thing at all. Your node is not earning tokens. It’s earning USD. There is a massive material difference there. Accuracy matters if you want to get your point across.

The discussion here is only about settlement method. The current one is obnoxious because of volatility of the token. Nobody argues with this.

This can be fixed by either stabilizing token or changing the settlement method. That’s the whole discussion.

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I can see that you wish the discussion in this thread was “only about settlement method”. But anybody with eyeballs can scroll up and read that it’s not.

And you would like nobody to push back when you say that payment volatility is obnoxious. But anybody with eyeballs can scroll up and read that’s not true either: some of us have even made a game of selling payouts :joystick: What volatility? :squinting_face_with_tongue:

But when you intentionally mischaracterize summaries of what the “only” topic is… and what “the whole discussion” has been, and lie about what “nobody” argues against… honestly… it’s getting a bit obnoxious.

There’s a diversity of people and opinions here: you can choose to enjoy them (and not yell over them).

Three is a lot of mis-represented, and/or misplaced information posted, everything else you have pointed is either irrelevant, or derivative from the core issue, noise. What core issue? Volatility of the payment instrument.

This is the only problem that exists. THat’s why people want USD, that’s why people suggest stabelcoins. Nobody is against crypto in principle, people are against volatile settlements.

So yes, that’s the only issue, as soon as you stop taking written text literally.

If someone actually argued that volatile settlement instrument is tolerable, let alone desirable, I don’t want to argue them, I’ll just disregard them outright, because they clearly have no clue what their are talking about. But thankfully, nobody argued that. So I’m not sure what are you talking about.

Facts are not matters of opinion, and diversity of people have nothing to do with this. If someone would claim 3+3=4 they would self-select themselves out of the serious discussion. Same is true for mythical people that enjoy being paid in lottery tickets.

I’m not yelling over. I’m pointing out to some here who just woke up and posted their original opinion around the headline of the topic, without attempting to falsify and valide said opinion before posting. Such behaviour derails the discussion and turns into reddit thread.

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You can pay for storage in funny money too!

“When you will pay the needed amount of STORJ, they will be added automatically to your Available Balance in USD value.”

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i beg to differ, i cant buy bred with them in the stores and there is a lot of work to convert funnymoney to dnaish kroner that is accepted in the stores, on top of that there a significant loss during the process

so they do accept both then, why cant we as operators pick what settlement we like ?