A few things to add after going back and re-reading the proposal.
No, a “free market” would be every SNO having the ability to set their own prices. Prices would fluctuate based on factors like healthy competition and supply vs demand. SNO prices would vary based on an individuals infrastructure, efficienty, geographic location, energy costs etc, where people aren’t simply cut out of the race altogether because of the will of the price god. That would be a free market.
It would appear to me that many SNOs including myself are accepting of the idea of reduced payouts, but not nearly to the degree that Storj has proposed. Many have argued that Storj also charge more for the service as well as optimize in other areas as well. I only just learned today that it was SNOs
who apparently petitioned Storj to reduce prices in the first place in an obvious attempt to attract more customers at Storj’s expense without any understanding of how business works. This was an absolutely poor and outright irrisponsible business decision as far as I’m concerned. The way I see it, both Storj as well as SNOs are responsible for the current predicament we’re in now.
In terms of the cost to Storj, the oversupply problem is quite literally a non issue. If your filling nodes with synthetic data then simply stop. You don’t pay for what you don’t use. If people want to have more space ready and able to be filled that’s actually a GOOD thing for Storj and any potential customers, especially large ones that might require that space. This is not complicated.
Yes, the more people show up to eat the pie the smaller piece everyone gets. This is called competition and is to be expected in a “decentralized” and “free” market. Focus on making a bigger f****ing pie, don’t poison the people eating it!
Well this proposal is kind of a contradiction to this statement isn’t it? Storj is simply trying to put the blame on there being to many SNOs instead of their aversion to raise the price back up and admit they were wrong to lower it in the first place. The customer pricing makes it look like Storj doesn’t even take itself seriously.
I thought the whole point is that Storj is paying more for storage than they charge… wouldn’t that be the reason Storj is reducing payouts? Why blame it on an “oversupply” issue that really isn’t an issue… especially for Storj?
Choose to stop? Your forcing them out, plain and simple. This isn’t a charity, and since they have no option here it’s clearly not a “free market” either.
Are you kidding me? How much more efficient can you get than a 5-10 watt SBC and an ~8w spinner? Do you mean for people to go invest in solar now to run these things? Kinda goes against the whole mantra of “don’t buy anything” don’t ya think? And how would that ever turn a profit? The only way for things like this to be more efficient is through scaling! Which is what many are trying to do which apparently you don’t like and call an “OVERSUPPLY PROBLEM”!
The understanding of your business? What part, how cheap highly efficient datacenters can work with? And I’ll bet much of the feedback you got from SNOs willing to cut payouts are probably oness runing their own mini-datacenters which are far more efficient than all the little guys, am I right?
This market doesn’t really fluctuate… it just slowly creeps down over time as data get’s cheaper. So this is just going to continue changing because Storj clearly has no real idea what to do about the huge jam they put themselves in and aren’t willing to readjust customer pricing along with slight cuts to SNOs? Which would of course solve all of this.
So charge the customer for it. This is mainly a convenience factor.
Yes… the customer pricing model!
Sounds to me like you simply didn’t know what you were doing and didn’t account for this cost. Funny enough, you even decreased customer pricing before realizing this… and instead of re-increasing customer pricing because your afraid to loose them, you’ll just take it from SNOs… who you’ve made very clear your not afraid to loose. The same people who’ve been here with you since the beginning helping this whole thing get off the ground… the people who’ve been waiting patiently for years for Storj to take off so everyone can make a more meaningful amount of extra cash for their efforts. But I suppose that’s pretty typical. It’s always the little guys that pay for the big guy’s poor decisions.
Is this Storj’s way of telling us they essentially want to do some heavy stress tests of egress data without incurring the extra cost?