You can’t SELL that to anyone. There are other posts right here, in this thread further illuminating this situation.
That’s the funny thing, Storj should have the stats presentable, tabulated and available but they don’t. The hypotheticals have to stop, it represents nothing of focus. I’m hoping the back end storage node development will conclude, after the rollout and embarasing survival of the continuous bugs finally diminish, over the next two months.
Thereafter, should Storj hopefully concentrate on real native decentralized S3, that would start to pay off. Challenge the devs, because the last year’s development time was not worth the costs per performance; as with respect to network capacity/performance levels, any such bandwidth gains are STILL entirely UNUSED. That’s well over $100k of development, scoring $0 in actual financial results. Generally, IMHO that’s mismanagement; however, part of a piece of the puzzle, it should not have been prioretised IMHO.
We can derail the discussion to speed to distract from the fact that the business model isn’t working. I am happy to do that, as long as we get back.
So STORJ is very fast. At least in their benchmark. So why are there still no customers? Is is because:
Bad marketing
While the speed might be fast for an offsite S3 bucket, it might be pretty slow for “local” S3. For example you are an Azure customer and now compare between adding Azure Blob storage vs. STORJ.
Customers don’t care that much about the speed for what they are S3 using for
Which one is it? Sure there might be some video customers that need that 2,5GBit/s for transfers and don’t handle that themselves with proxy media servers. But according to our numbers, these are niche edge cases customers.
But then again, I don’t think that we need native because of performance. Performance might be a nice side effect. I think we need it for the business model to make sense.
PS: This text is completely ignoring that the only reason why Storj is faster than the competition is because of nobody using the (subsidized) S3 gateways. So yeah, of course we are faster than other products that are actually in use.
For me, the biggest road block would be support. If my business was to store data used for business purposes on anybody’s system, I am going to need to have access to helpdesk support - 24x365. For merely Backups I can live with lower support.
If my business was to resell Storj’s product, I will require 24x365 helpdesk support, and some sort of commission/recurring income.
Maybe Storj provide this for big clients??
Since Storj provide two options for S3, I would be unlikely to spend coding time developing Storj native for my business software, unless there was a major financial reason to do so. Much easier to keep using a tried and tested interface, and easier to change providers should the need arise.
Speed is but one factor in the selection of such a product for business purposes. Ease of use, reliability, stability, support, trust are some other factors.
Recently one of the Storj IP addresses was banned in Greece?, preventing customers from accessing their data. What did Storj do about that??
Could you please prove this statement?
Numbers are not agree with you, storage and computing usage is growing, revenue is growing, I do not know the best indicator that there are customers and that the business model is working.
Also I think that it’s better to have 28,000 paying customers which will drive 80% revenue, than 280,000 which will drive minus 20%.
There are customers who doing that, because the Global Storj storage for them is often faster and cheaper than between their regions. However, I would agree, not everyone, all depends on the usage case.
Perhaps it has room for improvement? It’s hard to overlook that competitors of a similar age have reached exabytes of storage, while at the same time Storj is still at the low petabyte level. Moreover, as previously mentioned, those rivals have better visibility and brand recognition globally so their product seems to sell much better.
Something does not work for Storj. This needs to be identified and eliminated.
Just like you, I can only look at the stats. Storj is not a public traded company.
Me too. Not sure how this is relevant or connected to what I wrote, but yeah, of course a company rather wants net positive customers that net negative customers
I also rather sell one apple at 10cent profit to 1 customer than sell twenty million apples each at 10cent loss
But the thing is, no matter if I sell apples at a loss or not, the problem I am not selling any apples!
My business sells now 40 apples a month, which is an impressive 100% improvement to the previous year 20 apples per month.
But I am also paying 5000$ rent a month for the store, so these numbers are still not great.
I keep promising to sell more apples in the future, bot not much has changed.
Even if I continue to grow 100%, that initial numbers are so low, that would not be enough.
I keep telling you hoch much cheaper and better my apples are, but customers don’t seem to care.
And I only get green apples for free from my garden, but some customers want red apples.
Red apples you I buy from walmart, just to resell these red apples in my store. You might think that reselling apples from walmart won’t work.
I say I can’t afford losing red apple loving customers because of that.
You say that my red apples will never be competitive with walmart.
But the probably stupidest thing I do is that, while my green apples taste a little bit worse to most customers, they are the same price as the red ones.
So almost all customers walking into my store decide to go with the red apples, instead my green ones
My apple store used to work because mum and dad gave me money. But that money is now gone.
Fortunately there is a strawberry company that bought my store.
If people come to buy strawberries, they might also pick up some apples while they’re at it. According to rumors, the strawberry guys want my apple store to become self sustaining by the end of 2026.
How dare you saying my business isn’t working! You have no idea how many or at what profit I sell my apples! You only see from your diner at the other side of the street that I roughly sell 40 apples a month. This is not enough information for you to know if my store is profitable or not!
I could help you with your apple store. But the problem is, I am not 100% if you even are interested in running an apple store that sells more than 50 apples a month, or if the store was just a smokescreen to get money from your parents
Yeah, some numbers are here. They are bad. Like really, really bad. Like 50 apples a month bad.
Let’s assume a moment that this is true. Some customers argue that your apples are counterfeit Sembikiya apples, but for the arguments sake (and because we discussed this to death already in this forum) I agree that we sell Sembikiya apples.
There are still some problems:
17*50= 850$ a month, which is still not enough considering our fixed cost of operation. Stuff like our 5000$ rent or salaries
If purchase price unit is 17$ we are not making a profit
If purchase price unit it 20$, we are loosing 3$ with every apple we sell
As I said, that’s just the entrée. We also sell Muskmelons (the Select network) starting at 125 USD each, and limited edition Queen Strawberries (on-prem setups). And if you want a different experience, we also offer fruit jellys (Object Mount) and cakes (GPUs).
The question is if luring in customers with apples just to sell them cakes other the other way round, actually makes a meaningful difference.
Also the cakes are not done by me, but from a friend’s bakery. So I get 0 cents on any cake sold. I do this for my friend and he does the same for me in his cake store.
So yeah, my friends cake store now also sells my apples, but I am still only selling 50 apples a month.
