Topic: [ANN] Storj - Decentralized Storage - page 30. (Read 389756 times)
Storj token sale details have been published: http://blog.storj.io/post/165553434093/token-sale-wrap-up-details
Im not sure how it works in the code but would it be a good suggestion to add an option to the wallet like "shutdown" or "remove" in that you select this before permanently shutting down a node. This could flag the data on the network and allow it to be replicated on other nodes before its lost on your node.
Well it seems it doesn't matter whether we flag the data or let the network know that we're about to shut down/go offline because replication of dataIs designed into the Storj code, rather inefficient if you look at it, I don't know if it was Storj or Sia but anything more than double is inefficient and by
Double I mean one for the main storage and the second one as a backup, centralized storage providers only replicate the data once not 5 times as it is
With the decentralized storage providers. what if there is one Exabyte of data = 1 million Terabyte, the code is designed to store 6 Exabyte instead of
2 if that's the case then centralized storage is 3 times more efficient than what we call distributed cloud. unless Storj tries to store only one copy of the
Data as backup and implements a collateral system like Sia.
I have more than 7000 offers but people only stored 40GB on my drive after 4 days of connection with 180 peers, I have a port with 1gbps but the
Client seems to work so slow. what happens if I shut down my system with that 40GB stored on my drive and never come back online? if the data is
Not lost and anyone stored some data with me will have their data safe on other drives seems like there are a lot of space being wasted just like the
Way Bitcoin mining works, miners compete for a block but only one miner gets the block. now for me it's a small space but what happens when this
System grows big, talking about 1 million TB, with that kind of storage space can we really store 6 million TB as data shards to make sure all the data
Is accessible without any down time?
Client seems to work so slow. what happens if I shut down my system with that 40GB stored on my drive and never come back online? if the data is
Not lost and anyone stored some data with me will have their data safe on other drives seems like there are a lot of space being wasted just like the
Way Bitcoin mining works, miners compete for a block but only one miner gets the block. now for me it's a small space but what happens when this
System grows big, talking about 1 million TB, with that kind of storage space can we really store 6 million TB as data shards to make sure all the data
Is accessible without any down time?
If your node goes down the data will get replicated on other nodes. There isn't only once copy of the data there are multiple.
So doesn't matter if your node goes down someone else will have the pieces you store on other nodes.
Im not sure how it works in the code but would it be a good suggestion to add an option to the wallet like "shutdown" or "remove" in that you select this before permanently shutting down a node. This could flag the data on the network and allow it to be replicated on other nodes before its lost on your node.
I have more than 7000 offers but people only stored 40GB on my drive after 4 days of connection with 180 peers, I have a port with 1gbps but the
Client seems to work so slow. what happens if I shut down my system with that 40GB stored on my drive and never come back online? if the data is
Not lost and anyone stored some data with me will have their data safe on other drives seems like there are a lot of space being wasted just like the
Way Bitcoin mining works, miners compete for a block but only one miner gets the block. now for me it's a small space but what happens when this
System grows big, talking about 1 million TB, with that kind of storage space can we really store 6 million TB as data shards to make sure all the data
Is accessible without any down time?
Client seems to work so slow. what happens if I shut down my system with that 40GB stored on my drive and never come back online? if the data is
Not lost and anyone stored some data with me will have their data safe on other drives seems like there are a lot of space being wasted just like the
Way Bitcoin mining works, miners compete for a block but only one miner gets the block. now for me it's a small space but what happens when this
System grows big, talking about 1 million TB, with that kind of storage space can we really store 6 million TB as data shards to make sure all the data
Is accessible without any down time?
If your node goes down the data will get replicated on other nodes. There isn't only once copy of the data there are multiple.
So doesn't matter if your node goes down someone else will have the pieces you store on other nodes.
I have more than 7000 offers but people only stored 40GB on my drive after 4 days of connection with 180 peers, I have a port with 1gbps but the
Client seems to work so slow. what happens if I shut down my system with that 40GB stored on my drive and never come back online? if the data is
Not lost and anyone stored some data with me will have their data safe on other drives seems like there are a lot of space being wasted just like the
Way Bitcoin mining works, miners compete for a block but only one miner gets the block. now for me it's a small space but what happens when this
System grows big, talking about 1 million TB, with that kind of storage space can we really store 6 million TB as data shards to make sure all the data
Is accessible without any down time?
Client seems to work so slow. what happens if I shut down my system with that 40GB stored on my drive and never come back online? if the data is
Not lost and anyone stored some data with me will have their data safe on other drives seems like there are a lot of space being wasted just like the
Way Bitcoin mining works, miners compete for a block but only one miner gets the block. now for me it's a small space but what happens when this
System grows big, talking about 1 million TB, with that kind of storage space can we really store 6 million TB as data shards to make sure all the data
Is accessible without any down time?
the Filecoin ICO raised a record-setting $257 million.Token price reached about $6.00.
Sia price:$0.006037
Market Cap: $176,459,493
Storj price: $0.568969
Market Cap:$54,951,617
Sia and Storj undervalued or Filecoin way Overvalued?
Just wait (and you'll see) for the traditional (post-ICO) dump of coins once their (Filecoin) crypto token is out and allowed for trading... Sia price:$0.006037
Market Cap: $176,459,493
Storj price: $0.568969
Market Cap:$54,951,617
Sia and Storj undervalued or Filecoin way Overvalued?
For anyone interested there is a Storj android client. Not official but works. https://play.google.com/store/apps/details?id=co.intellidev.storj
This is a new kind of technology and it needs at least 10 years of development before it's fully functional, it is also difficult for me to digest any need for decentralized cloud storage these days, especially with differences of prices and costs of having internet connection and any computer in different countries, this idea brings nothing to the advantage of individuals trying to keep a system decentralized. people will never be able to compete with the big cloud storage providers because they will always offer cheaper services.
Let me explain why your assumptions are incorrect.
1. First off decentralized Storage is way cheaper than traditional storage, this because farmers already have their computers turned ON, they already paid for the hardware and electricity.
2. One of the biggest limits both on a architectural level and on a price level is bandwidth, datacenters have a limited bandwidth pipe and have to pay allot of money for this bandwidth, while farmers already paid for this bandwidth so there is no extra cost there.
3. Files are encrypted and split into shards, which are uploaded to different hosts on the network. This is called distributed data storage, what are the advantages?, well for one its very hard for a malicious person to retrieve and decrypt the file, secondly, it allows one to sum the bandwidth pipe of all the farmers that hold the shard, which can be staggering (imagine 100x gigabit farmers holding a shard).
4. Decentralized storage will always be able to outcompete centralized storage providers.
I've been trading STORJ for 2.5 years and it's roughly doubled in terms of BTC in 30 months...
That is an awful performance regardless of "theoretical" shilling why any CTO would risk job to chose p2p over Amazon, Dropbox, etc...
So you are definitely not "outcompeting" anyone probably for very good reasons that no one will talk about.
Except this very smart guy who documented his experience= "Storj Not Dropbox Killer"... what fun.
https://shitcoin.com/storj-not-a-dropbox-killer-1a9f27983d70
`Except this very smart guy`, well he is not a very smart guy, because if he was he would (1) ask for help and not jump straight to conclusions, and (2) He would know that running a bridge without any knowledge or infrastructure is never going to work. Just because you have been trading the Storj token for almost 3 years means nothing, where are you helping to test the network and push the technology forwarard?, right, just thinking about your own profits and expect others to do the work.
Well, in one week since my post STORJ is down another 25% or roughly $10 million...
So capital is flowing OUT and into other projects that investors feel have a brighter future.
"just because you have been trading the Storj token for almost 3 years means nothing"
You obviously do not understand the important role of capital markets re: price discovery and liquidity...
Which facilitates the transfer of capital from broken companies to well run companies...
Especially in light of the way Storj has abused these markets and produced very little of value for anyone.
"Especially in light of the way Storj has abused these markets and produced very little of value for anyone.", we have a working network, although far from perfect, its more than most of the top 50 marketcap tokens have, market kap says nothing about the actual value of the product/service, nothing. If you think it does, you are living in a dream world.
This is a new kind of technology and it needs at least 10 years of development before it's fully functional, it is also difficult for me to digest any need for decentralized cloud storage these days, especially with differences of prices and costs of having internet connection and any computer in different countries, this idea brings nothing to the advantage of individuals trying to keep a system decentralized. people will never be able to compete with the big cloud storage providers because they will always offer cheaper services.
Let me explain why your assumptions are incorrect.
1. First off decentralized Storage is way cheaper than traditional storage, this because farmers already have their computers turned ON, they already paid for the hardware and electricity.
2. One of the biggest limits both on a architectural level and on a price level is bandwidth, datacenters have a limited bandwidth pipe and have to pay allot of money for this bandwidth, while farmers already paid for this bandwidth so there is no extra cost there.
3. Files are encrypted and split into shards, which are uploaded to different hosts on the network. This is called distributed data storage, what are the advantages?, well for one its very hard for a malicious person to retrieve and decrypt the file, secondly, it allows one to sum the bandwidth pipe of all the farmers that hold the shard, which can be staggering (imagine 100x gigabit farmers holding a shard).
4. Decentralized storage will always be able to outcompete centralized storage providers.
I've been trading STORJ for 2.5 years and it's roughly doubled in terms of BTC in 30 months...
That is an awful performance regardless of "theoretical" shilling why any CTO would risk job to chose p2p over Amazon, Dropbox, etc...
So you are definitely not "outcompeting" anyone probably for very good reasons that no one will talk about.
Except this very smart guy who documented his experience= "Storj Not Dropbox Killer"... what fun.
https://shitcoin.com/storj-not-a-dropbox-killer-1a9f27983d70
`Except this very smart guy`, well he is not a very smart guy, because if he was he would (1) ask for help and not jump straight to conclusions, and (2) He would know that running a bridge without any knowledge or infrastructure is never going to work. Just because you have been trading the Storj token for almost 3 years means nothing, where are you helping to test the network and push the technology forwarard?, right, just thinking about your own profits and expect others to do the work.
Well, in one week since my post STORJ is down another 25% or roughly $10 million...
So capital is flowing OUT and into other projects that investors feel have a brighter future.
"just because you have been trading the Storj token for almost 3 years means nothing"
You obviously do not understand the important role of capital markets re: price discovery and liquidity...
Which facilitates the transfer of capital from broken companies to well run companies...
Especially in light of the way Storj has abused these markets and produced very little of value for anyone.
Just wait for Netflix to find out they can reduce store costs 3 times by using decentralize store solutions like Storj. Jaja
That would be awesome! Can't wait for the day some major corporate starts using Storj!
Recently did not find storj too much update, silence for a long time has not been outbreak, hope to be updated version with better technology, so that people hold more confidence, I will always be concerned about
Just wait for Netflix to find out they can reduce store costs 3 times by using decentralize store solutions like Storj. Jaja
U got to start thinking out the box body. Professional investors like Sequoia Capital, Andreessen Horowitz and Union Square Ventures put $52 million into filecoin's ICO. What do u get from that?
You may have missed this so I post it here as it's an interesting recent interview with Shawn Wilkinson of Storj on Bittopia:
https://youtu.be/hPB88vW2O-4
https://youtu.be/hPB88vW2O-4
It seems to me like there is no adoption or need for this kind of storage. I don't think that normal computer user will ever use Storj because there is some work involved and computer knowledge. Google Drive and others are widely used because of how easy it is and they have done all what is possible to be super user friendly with all add ons, one click file sending and other innovations. That is what people like and need. If this goes about price and that Storj is cheaper I am not so sure too. To be successful mass adoption of Storj is needed from both users and network supporters. Storj have to be cheap for users and pay off for supporters work. I use Google Drive few years have plenty of files and never paid a cent. Sorry to say that but I see hard times coming with concurrents like Sia and Filecoin.
the Filecoin ICO raised a record-setting $257 million.Token price reached about $6.00.
Sia price:$0.006037
Market Cap: $176,459,493
Storj price: $0.568969
Market Cap:$54,951,617
Sia and Storj undervalued or Filecoin way Overvalued?
Sia price:$0.006037
Market Cap: $176,459,493
Storj price: $0.568969
Market Cap:$54,951,617
Sia and Storj undervalued or Filecoin way Overvalued?
Next time do some proper research before taking other people's stuff and just throwing it at our (community's) faces as if it were facts.
This is a new kind of technology and it needs at least 10 years of development before it's fully functional, it is also difficult for me to digest any need for decentralized cloud storage these days, especially with differences of prices and costs of having internet connection and any computer in different countries, this idea brings nothing to the advantage of individuals trying to keep a system decentralized. people will never be able to compete with the big cloud storage providers because they will always offer cheaper services.
Let me explain why your assumptions are incorrect.
1. First off decentralized Storage is way cheaper than traditional storage, this because farmers already have their computers turned ON, they already paid for the hardware and electricity.
2. One of the biggest limits both on a architectural level and on a price level is bandwidth, datacenters have a limited bandwidth pipe and have to pay allot of money for this bandwidth, while farmers already paid for this bandwidth so there is no extra cost there.
3. Files are encrypted and split into shards, which are uploaded to different hosts on the network. This is called distributed data storage, what are the advantages?, well for one its very hard for a malicious person to retrieve and decrypt the file, secondly, it allows one to sum the bandwidth pipe of all the farmers that hold the shard, which can be staggering (imagine 100x gigabit farmers holding a shard).
4. Decentralized storage will always be able to outcompete centralized storage providers.
I've been trading STORJ for 2.5 years and it's roughly doubled in terms of BTC in 30 months...
That is an awful performance regardless of "theoretical" shilling why any CTO would risk job to chose p2p over Amazon, Dropbox, etc...
So you are definitely not "outcompeting" anyone probably for very good reasons that no one will talk about.
Except this very smart guy who documented his experience= "Storj Not Dropbox Killer"... what fun.
https://shitcoin.com/storj-not-a-dropbox-killer-1a9f27983d70
`Except this very smart guy`, well he is not a very smart guy, because if he was he would (1) ask for help and not jump straight to conclusions, and (2) He would know that running a bridge without any knowledge or infrastructure is never going to work. Just because you have been trading the Storj token for almost 3 years means nothing, where are you helping to test the network and push the technology forwarard?, right, just thinking about your own profits and expect others to do the work.
I just had an idea where Storj can be really useful. Currently I store many of my personal details on password protected PDFs and word files on Google Drive. I hope that is secure, but it is still technically possible for someone to hack and get my information, as it's stored centrally.
What SiaCoin, Storj etc. are doing is they make it technically impossible to access the files as the files are encrypted, split up into shards and distributed across the network and there is no way to get the original file other than having the private key to do so. So, private and secure storage could be a huge application for Decentralised storage!
What SiaCoin, Storj etc. are doing is they make it technically impossible to access the files as the files are encrypted, split up into shards and distributed across the network and there is no way to get the original file other than having the private key to do so. So, private and secure storage could be a huge application for Decentralised storage!
This is a new kind of technology and it needs at least 10 years of development before it's fully functional, it is also difficult for me to digest any need for decentralized cloud storage these days, especially with differences of prices and costs of having internet connection and any computer in different countries, this idea brings nothing to the advantage of individuals trying to keep a system decentralized. people will never be able to compete with the big cloud storage providers because they will always offer cheaper services.
Let me explain why your assumptions are incorrect.
1. First off decentralized Storage is way cheaper than traditional storage, this because farmers already have their computers turned ON, they already paid for the hardware and electricity.
2. One of the biggest limits both on a architectural level and on a price level is bandwidth, datacenters have a limited bandwidth pipe and have to pay allot of money for this bandwidth, while farmers already paid for this bandwidth so there is no extra cost there.
3. Files are encrypted and split into shards, which are uploaded to different hosts on the network. This is called distributed data storage, what are the advantages?, well for one its very hard for a malicious person to retrieve and decrypt the file, secondly, it allows one to sum the bandwidth pipe of all the farmers that hold the shard, which can be staggering (imagine 100x gigabit farmers holding a shard).
4. Decentralized storage will always be able to outcompete centralized storage providers.
I've been trading STORJ for 2.5 years and it's roughly doubled in terms of BTC in 30 months...
That is an awful performance regardless of "theoretical" shilling why any CTO would risk job to chose p2p over Amazon, Dropbox, etc...
So you are definitely not "outcompeting" anyone probably for very good reasons that no one will talk about.
Except this very smart guy who documented his experience= "Storj Not Dropbox Killer"... what fun.
https://shitcoin.com/storj-not-a-dropbox-killer-1a9f27983d70
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