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by jtolds 1108 days ago
Certainly there are differing opinions about cryptocurrency in general.

In terms of "does the math work", you're absolutely right that charging $7/TB and paying $20/TB to our storage node operators is not sustainable. But it shouldn't be a surprise that this was an intentional early subsidy to grow the supply side of the network. In an open system like ours, you see these business dynamics, whereas you might just not see them otherwise.

To be fully transparent, we are working to reduce that subsidy now that we're hitting scale. You can see some of our conversations with our storage node operator community about this on our forum: https://forum.storj.io/t/announcement-changes-to-storj-node-.... You can also see full network stats here: http://stats.storjshare.io/

1 comments

It it a bit mean to anyone who has invested in equipment to supply to the network and used the subsidised numbers to work out if it will be profitable. This should be clearer on the website.