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Topic: [ANN] Storj - Decentralized Storage - page 76. (Read 389811 times)

legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
December 29, 2014, 11:00:05 PM
I was about to invest on Storj back in august, the concept looked totally cool for me, but then I totally forgot about it.
Missed a huge chance, good luck with your project!

i dont think you  missed it just yet.  provide a node in the network when it goes live and earn some coin.  and tell people who run document storage businesses about this as cheaper and better alternative to using a data center. Smiley
newbie
Activity: 10
Merit: 0
December 29, 2014, 10:48:54 PM
What about external drives? I have a few terabyte externals that I would love to use if its possible. I have my data up in two different places right now, but Storj seems really handy by being encrypted.
full member
Activity: 191
Merit: 100
December 29, 2014, 10:36:15 PM
What happens when hard drives become ultra cheap in the future? Say there's a 4TB hard drive available for $50 in a few years. Will this hurt the price of SJCX over time?

More than hurting the price of Storj it will allow more people to be sharing their free HD space Wink
legendary
Activity: 2128
Merit: 1002
December 29, 2014, 10:10:43 PM
mjc
hero member
Activity: 588
Merit: 500
Available on Kindle
December 29, 2014, 09:13:17 PM
What happens when hard drives become ultra cheap in the future? Say there's a 4TB hard drive available for $50 in a few years. Will this hurt the price of SJCX over time?

People use Dropbox and the like for a reason, they want certain to be available even in the event of a computer crash or hard drive failure.  Cloud storage like Storj also allows retrieval from any devices which is really where computing is going.  If I work on a presentation on my laptop I may want to present it from my iPhone with my micro projector for the iPhone.   I think the fact that people will have more drive space, just means that they will have more files that they want to protect files.

Cheaper hard drive space does mean cheaper Storj drive space because more people will put space online through farming.  That is what the network wants.  The money that can be mad will undoubtedly be driven by market forces.  In the beginning there will likely be more drive space than consumption.  As it catches on that will change.  I think over time there will be one or more decentralized storage options and there will be an open market for the consumer.  that is good no matter how you look at it.
newbie
Activity: 20
Merit: 0
December 29, 2014, 08:45:56 PM
What happens when hard drives become ultra cheap in the future? Say there's a 4TB hard drive available for $50 in a few years. Will this hurt the price of SJCX over time?
newbie
Activity: 10
Merit: 0
December 29, 2014, 08:16:11 PM
I was about to invest on Storj back in august, the concept looked totally cool for me, but then I totally forgot about it.
Missed a huge chance, good luck with your project!


I only wish I had found this back then.  I'm glad to have found it now.

Same here for me. I had no idea that this existed. I am so glad that it does though. I'm very interested in making money off of all my free space.
mjc
hero member
Activity: 588
Merit: 500
Available on Kindle
December 29, 2014, 08:08:33 PM
I was about to invest on Storj back in august, the concept looked totally cool for me, but then I totally forgot about it.
Missed a huge chance, good luck with your project!


I only wish I had found this back then.  I'm glad to have found it now.
newbie
Activity: 10
Merit: 0
December 29, 2014, 08:05:43 PM
I'm fairly new to the cryptocurrency world, but I have a few TB of storage just lying around.  Hopefully, I can be a part of this awesome project!
legendary
Activity: 1092
Merit: 1001
December 29, 2014, 08:05:23 PM
I was about to invest on Storj back in august, the concept looked totally cool for me, but then I totally forgot about it.
Missed a huge chance, good luck with your project!
mjc
hero member
Activity: 588
Merit: 500
Available on Kindle
December 29, 2014, 08:01:49 PM

What price range should I expect for Storj and will it be permanent too?


Prices for storing files on the Storj network will be dictated by the market (supply vs demand). Most likely they will be waaay lower than Dropbox rates.

Keep in mind that price for space is on Storj is one thing and the value of SJCX is another.  Both will be controlled by the market.  the valuation of SJCX will be factor into the cost of space on the Storj network.

So they're not tied together? how are they separated?

The cost of space on the Storj network will depend on the availability of space.  If everyone and their neighbor is providing but no one is really consuming it , the price will be cheap.  If there is more demand that space available it will be expensive.  Supply and demand.  The thing here is that the supply is drive space.

A separate market will exist for the SJCX in the same way.  I might have lots of SJCX and want to hoard it, thus taking it out of circulation.  If many people do this the available supply with diminish thus creating an upward movement in the valuation of SJCX.  If then at a later time there is a flood of SJCX back in to the market the valuation will drop.

Until such time as there is a market directly between USD (or any other currency) and SJCX, BTC valuation will matter.  So the valuation will be USD (or other currency) -> BTC -> SJCX -> Cost of Drive space.  Each node of that map can fluctuate affecting the cost.

SJCX and the price of drive space are more connected than say BTC or USD to the price of drive space, but they are all disconnected.
member
Activity: 87
Merit: 10
December 29, 2014, 07:59:16 PM

What price range should I expect for Storj and will it be permanent too?


Prices for storing files on the Storj network will be dictated by the market (supply vs demand). Most likely they will be waaay lower than Dropbox rates.

Keep in mind that price for space is on Storj is one thing and the value of SJCX is another.  Both will be controlled by the market.  the valuation of SJCX will be factor into the cost of space on the Storj network.

So they're not tied together? how are they separated?

They are tied together in that sjcx is used to buy space on the network but speculators will have an effect on the value of sjcx so as price rises it will each sjcx will have to purchase more and more space on the network.
hero member
Activity: 840
Merit: 1000
December 29, 2014, 07:56:22 PM
Storj is still going up, 2 days ago the total sell orders are 1.22 million SJCX, now is only 1.06 million SJCX. Most of 160k SJCX were active bought, it shows the strong buy will in the market. Yesterday big buy orders were filled, whales are full now, huge pump will happen in early 2015 Grin
newbie
Activity: 20
Merit: 0
December 29, 2014, 07:13:32 PM

What price range should I expect for Storj and will it be permanent too?


Prices for storing files on the Storj network will be dictated by the market (supply vs demand). Most likely they will be waaay lower than Dropbox rates.

Keep in mind that price for space is on Storj is one thing and the value of SJCX is another.  Both will be controlled by the market.  the valuation of SJCX will be factor into the cost of space on the Storj network.

So they're not tied together? how are they separated?
mjc
hero member
Activity: 588
Merit: 500
Available on Kindle
December 29, 2014, 06:11:26 PM

What price range should I expect for Storj and will it be permanent too?


Prices for storing files on the Storj network will be dictated by the market (supply vs demand). Most likely they will be waaay lower than Dropbox rates.

Keep in mind that price for space is on Storj is one thing and the value of SJCX is another.  Both will be controlled by the market.  the valuation of SJCX will be factor into the cost of space on the Storj network.
member
Activity: 87
Merit: 10
December 29, 2014, 03:56:31 PM
Factom Use Case - Protecting Sony Pictures with Blockchain Technology

Watch how Blockchain Technology can protect Sony Pictures using Factom and Storj.



Great vid.



This is just the beginning of use cases and partnerships for storj #bethecloud
legendary
Activity: 1708
Merit: 1000
Reality is stranger than fiction
December 29, 2014, 02:21:57 PM
Factom Use Case - Protecting Sony Pictures with Blockchain Technology

Watch how Blockchain Technology can protect Sony Pictures using Factom and Storj.



Great vid.

newbie
Activity: 23
Merit: 0
December 29, 2014, 11:43:51 AM
 I really love what STORJ is doing especially with FACTOM introduced for even more added security... Way 2 go Storj Team..#bethecloud
newbie
Activity: 10
Merit: 0
December 29, 2014, 11:34:40 AM
looks nice
signing up  Cheesy
newbie
Activity: 7
Merit: 0
December 29, 2014, 11:08:07 AM
Storjcoin seams cool.
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