Unlike most other coins we are establishing a community fund. It is balanced against the dev fund, so each gets 15%. The idea is that the community should have the same or more power than the devs. To make this happen we will have to build a multi-signature wallet. We will be using copay for the BTC that the community holds, but we will have to build a new wallet for the SJCX.
This has never been done before, but I think everyone will start to follow this model once they see it in action. The community should be key in a coin, not the devs.
As far as any remaining SJCX from the crowdsale here is our current plan:
1) Distribute it through hard drive mining/farming to the crowdsale participants
2) Use it for future crowdsales for new Storj platforms(decentralized Youtube, Imgur, etc.)
So someone who contributes 1 BTC to the crowdsale could end up with 4-5 BTC worth of SJCX by the time the network goes public. Those who don't participate in the crowdsale won't be able participate in the early network. They will be able to generate addresses and use SJCX, but they won't be able to mine.
Thanks for calling us out on it, and let me know if I answered your question.
Topic: [ANN] Storj - Decentralized Storage - page 107. (Read 389670 times)
truly this ipo is overpriced.... overpriced compare to sia and compare to safecoin as well...
Let me brief this IPO
Goal: 10000BTC
IPO percentage: 70%
dev will keep 15% and community will keep 15%(not sure what's used for, I think it's kept by dev too)
Safe coin is better than this coin and it just raised 7000 BTC but when it hits exchange, trade price is below the IPO price, so you know your choice.
A question to DEV, when IPO end but you don't raise 10000BTC, let us say 2000 BTC, so what will you deal with the left storj?
Goal: 10000BTC
IPO percentage: 70%
dev will keep 15% and community will keep 15%(not sure what's used for, I think it's kept by dev too)
Safe coin is better than this coin and it just raised 7000 BTC but when it hits exchange, trade price is below the IPO price, so you know your choice.
A question to DEV, when IPO end but you don't raise 10000BTC, let us say 2000 BTC, so what will you deal with the left storj?
Is it possible to invest? 
Yes from Friday. storj.io/crowdsale 
Is it possible to invest?
Great project, good luck for the crowdsale !
I have not read all the posts (IT'S GREATER THAN 10 PAGES!!!! 
), but, upon scanning your website, this very much looks like the Seattle Project, where users would allocate fractions of the CPU cycles and HDD storage space to the community. I really liked the Seattle Project, but unfortunately my city did not have anything similar(last time i checked.)
But Storj seems to take it a step ahead, with privacy and decentralization. Like it. Gonna get signed up on the website.
In the next few days, we will be putting out some emails with our 2 slide decks. One goes over Storj, the other goes over the crowdsale. We have boiled it all down to a couple of pretty pictures. No one wants to read through 10 page to get all the info. ), but, upon scanning your website, this very much looks like the Seattle Project, where users would allocate fractions of the CPU cycles and HDD storage space to the community. I really liked the Seattle Project, but unfortunately my city did not have anything similar(last time i checked.)But Storj seems to take it a step ahead, with privacy and decentralization. Like it. Gonna get signed up on the website.
http://storj.io goes a pretty good job of explaining the basics.
I have not read all the posts (IT'S GREATER THAN 10 PAGES!!!! ), but, upon scanning your website, this very much looks like the Seattle Project, where users would allocate fractions of the CPU cycles and HDD storage space to the community. I really liked the Seattle Project, but unfortunately my city did not have anything similar(last time i checked.)
But Storj seems to take it a step ahead, with privacy and decentralization. Like it. Gonna get signed up on the website.
), but, upon scanning your website, this very much looks like the Seattle Project, where users would allocate fractions of the CPU cycles and HDD storage space to the community. I really liked the Seattle Project, but unfortunately my city did not have anything similar(last time i checked.)But Storj seems to take it a step ahead, with privacy and decentralization. Like it. Gonna get signed up on the website.
Joined the presentation by Shawn at storj today. They have pretty awesome beta clients and hoping to use it in the coming weeks.
Is there a pre-sale scheduled for this?
Any news? Beta running?
Have to go to http://storjtalk.org/ if you want to get into the Metadisk beta. Will start a beta list for DriveMiner in the next few days there as well.
Any news? Beta running?
Is there a pre-sale scheduled for this?
Why do people need decentralized storage? Just for Storj coins?
IMO, centralized storage is enough for me.
So you trust Dropbox/Condoleezza-Rice to back up your altcoin wallets?IMO, centralized storage is enough for me.
Decentralizing and encrypting as much as possible is the only way that we can send a clear message to the fascist US/EU institutions that they have stepped over a clear red line, and that we will not just let them rape our privacy without a fight like they have been used to in the past. It is their own fault, they asked for it.
What is going on is so sickening beyond believed that I can't even find the words to describe my disgust.
Not only are privacy concerns a reason for decentralizing cloud storage but efficiency is a major concern too. When you purchase cloud storage from Amazon, Apple, or Dropbox, you're paying extra for overhead costs like data center maintenance and cooling costs. A decentralized network will also be much faster/more efficient because you'll be able to download the files from multiple nodes at once; the nodes will also likely be closer to you on average instead of originating from a central point.
Why do people need decentralized storage? Just for Storj coins?
IMO, centralized storage is enough for me.
So you trust Dropbox/Condoleezza-Rice to back up your altcoin wallets?IMO, centralized storage is enough for me.
Decentralizing and encrypting as much as possible is the only way that we can send a clear message to the fascist US/EU institutions that they have stepped over a clear red line, and that we will not just let them rape our privacy without a fight like they have been used to in the past. It is their own fault, they asked for it.
What is going on is so sickening beyond believed that I can't even find the words to describe my disgust.
Why do people need decentralized storage? Just for Storj coins?
IMO, centralized storage is enough for me.
So you trust Dropbox/Condoleezza-Rice to back up your altcoin wallets? IMO, centralized storage is enough for me.
Why do people need decentralized storage? Just for Storj coins?
IMO, centralized storage is enough for me.
IMO, centralized storage is enough for me.
We have our own forum now at http://storjtalk.org. We will be giving out 1 SJ0 per post when we do our crowdsale soon.
weariness for too much IPO. hope STORJ good lucky!
any patent problem with Storj ? http://www.jstor.org/
We are doing a crowdsale so we can have more full time developers on the project. Working out the final details this week. I think once we release the details you will see that this is way different than what you are used to.
We should be fine on that.
Hope so. Anyway - i believe storj will be huge!
Really interested in but why so complicated? ( SJ1, SJ2, SJx, Metadiskcoin ,..)
Its not really that complicated. It will get more simple as we get further along.
Really interested in but why so complicated? ( SJ1, SJ2, SJx, Metadiskcoin ,..)
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