Topic: [ANN] Storj - Decentralized Storage - page 110. (Read 389811 times)

1. That is the idea. We leverage all of the networks we could think about, so there will always be "enough" hard drive space on the Storj network. Here is a little screengrab of the current sources we are planning out. I think tahoe-lafs is missing from that list.


2. Well its specifically Proof of Storage. Proof of bandwidth may not be needed if the reward mechanisms work right. Not sure of your question. You host someones files and get paid through the network.
3. We will be releasing some details about a crowdsale soon. You put BTC into the genesis address, and you get two tokens. One has a blockchain which we run Metadisk, and is mined. The other is not mined, but runs on the bitcoin blockchain, and can be used to buy and sell storage.

Three ways in which money returns to contributors indirectly:
1) Speculative increase. Remember you have two completely unique coins, so I expect the market will behave like it always does.
2) One of these coins is needed to make Metadisk run. So as people use Metadisk to share and store files on the web, the nodes will be buying the coins off the exchange. This is the only coin that I know of that has a direct use case other than just trading and buying goods.

Direct earnings:
1) Running Metadisk nodes
2) Renting out your hard drive space through Storj software

Quick question about an old post: Have you thought about using peershares for the initial ipo/coin distribution?

Regarding #3, how exactly would the site make profit to pay out investors? From what I've seen they'd like to keep it as decentralized as possible.
Posted from Bitcointa.lk - #Q2woHjZNwNHPgV8r

Some questions:

1.  Is it scalable? If you make it work, it'll be the largest hard drive on the internet ,right?
2.  I know it's "Proof of  Bandwidth and Storage", But how to earn more money by hosting files?
3.  How to invest your project , any IPO plan ?

Sorry, but I don't understand your question.

Already addressed in the whitepaper. A botnet hosting a bunch of files should not really have an effect on file availability. Speeds will slow down a bit as the network repairs the redundancy, but no one should really notice.

The whitepaper should answer these two questions, but I can summarize because tldr;

Essentially each copy has a fingerprint, so you can't pretend to hold copies you don't have.

You won't be paid a year in advance. Check in time will probably be anywhere from an hour to a day, and perhaps you only get paid after you have provided that. In other words you won't get paid for a service that you didn't provide.

So I've been listening to what you all have been saying about Storj, and we are rewording based on that. People are most interested in selling their hard drive space for Storj, and have a decentralized file storage platform. It is the role of Metadisk and other to provide the nice drag-and-drop, and sync everyone is used to. By separating them we avoid confusion.

I am not the owner of this software, but I think you want to solve this trough having several copies inside the network. This is what HDFS (the google filesystem) does.
Of course, an attacker could host a lot of files on a botnet and take the whole botnet offline.  Alternatively, you could spread tiny files across the network, of which a large group has a copy.  If I am not mistaking, this is something that bittorrent is doing. It could have like a reward system, if you upload data or participate in supporting the network you get a small btc ?

Another issue is speed and availability. Someone turns their computer off, you dont want the files to disappear for say 12 hours. If you store say a movie, you dont want it to be transfered at 2 kb/s.

When it comes time to send you the data, I just delete it - LOL! You already paid me to store it over the last year. So, what's the solution to this scenario?

I can run a botnet and pretend to store 100 copies of your data - but I've only got 1 copy (stored on some poor schmuck's malware infected PC). You're paying me a fee * 100 to keep your data safe, I earn a nice little income.

Sounds interesting, except there is no explanation on how they've solved all the huge SOCIAL problems that go along with this - I don't think they have.

It is not cheap.

Using Dropbox rates and redundancy that would be about 0.7415 BTC per year at current rates.

This could get really big.  Are there copies of your data distributed inside the network similar to say, HDFS?  Would it be possible to interact with the network using bash?
 
I have some servers, say I would put a server up with 1 TB, can you give an idea (very rough estimate) how much you would earn per month for opening it up? 0.0001 BTC? 0.01 BTC? 1 BTC?

There's a small contradiction on the home page. Under "EARN MONEY" it says, "With Storj you'll be able to earn money just by hosting files for the network on your computer."  But then under "TOKEN AND BLOCKCHAIN", it says "Some day soon, you will even be able to sell your unused storage space to our network."  One of those two needs to be clarified a bit as to whether selling your own storage space is a launch option or not.

great new web.

We launched a new website yesterday. Check it out at: http://storj.io/

Very useful piece of information that I may have overlooked in my researched. We will look into this. TxID: 5b564d28f27ef7f97be509c0bf129504a22c1be111271f0cf4be4e2d35c9c94c

How is encryption done in spideroak? https://spideroak.com/
Their cloud storage is accessible with browser and they use client side encryption.
And they don't have any limitation on file size.

https://github.com/SpiderOak/crypton
https://crypton.io/
https://blog.spideroak.com/20130123130638-spideroaks-analysis-and-recommendations-for-the-crypto-in-kim-dotcoms-mega-part-one
https://www.leviathansecurity.com/blog/spideroaks-crypton-design-and-implementation-evaluation/

There is also javascript client https://github.com/SpiderOak/crypton so You can send bounty to 1JCWqvwio3iaPyvQoSmVVSNnyP4QYe5tDB 

-tmu