Topic: [ANN] Storjcoin X (SJCX) - A Coin for Decentralized Cloud Storage - page 42. (Read 400974 times)

Quote from: Storj on July 23, 2014, 12:42:02 PM

Well designed website, though I still don't understand how it works, how would 'Decentralized Cloud Storage' be possible? I don't think you can use blockchain to transfer files or the size is gonna be huuuuuge... Explanation would be good

This is correct, you would quickly run into something called blockchain bloat, and well as some terrible legal implication. Instead we can use the blockchain to "point" to a file on the network. This also allows us to support multiple decentralized data networks.

Not sure if this has already been answered, but which blockchain are you planning to use to store your file pointers? Its not the bitcoin blockchain, is it ??

No, in the Storjcoin X blockchain. We may integrate it later on into the Bitcoin blockchain if treechains or sidechains ever become a thing.

The Bitcoin blockchain is quite secure with so much computational mining behind it. How does the security of storj blockchain work? 51% attack?

So now that I think about it we can actually do both. We can store periodically store merkle roots or block hashes in the Bitcoin blockchain. Also considering also using notary chains as another solution.

OmniEdge

newbie

Activity: 16

Merit: 2

Quote from: Moieur01 on July 22, 2014, 11:14:00 PM

Quote from: Moieur01 on July 22, 2014, 11:14:00 PM

Well designed website, though I still don't understand how it works, how would 'Decentralized Cloud Storage' be possible? I don't think you can use blockchain to transfer files or the size is gonna be huuuuuge... Explanation would be good

This is correct, you would quickly run into something called blockchain bloat, and well as some terrible legal implication. Instead we can use the blockchain to "point" to a file on the network. This also allows us to support multiple decentralized data networks.

Not sure if this has already been answered, but which blockchain are you planning to use to store your file pointers? Its not the bitcoin blockchain, is it ??

No, in the Storjcoin X blockchain. We may integrate it later on into the Bitcoin blockchain if treechains or sidechains ever become a thing.

The Bitcoin blockchain is quite secure with so much computational mining behind it. How does the security of storj blockchain work? 51% attack?

Storj

newbie

Activity: 30

Merit: 0

Well designed website, though I still don't understand how it works, how would 'Decentralized Cloud Storage' be possible? I don't think you can use blockchain to transfer files or the size is gonna be huuuuuge... Explanation would be good

This is correct, you would quickly run into something called blockchain bloat, and well as some terrible legal implication. Instead we can use the blockchain to "point" to a file on the network. This also allows us to support multiple decentralized data networks.

Not sure if this has already been answered, but which blockchain are you planning to use to store your file pointers? Its not the bitcoin blockchain, is it ??

No, in the Storjcoin X blockchain. We may integrate it later on into the Bitcoin blockchain if treechains or sidechains ever become a thing.

englishbad

sr. member

Activity: 364

Merit: 250

No,never,70%=9800 BTC！！ Shocked

Moieur01

newbie

Activity: 26

Merit: 0

Well designed website, though I still don't understand how it works, how would 'Decentralized Cloud Storage' be possible? I don't think you can use blockchain to transfer files or the size is gonna be huuuuuge... Explanation would be good

This is correct, you would quickly run into something called blockchain bloat, and well as some terrible legal implication. Instead we can use the blockchain to "point" to a file on the network. This also allows us to support multiple decentralized data networks.

Not sure if this has already been answered, but which blockchain are you planning to use to store your file pointers? Its not the bitcoin blockchain, is it ??

super3

legendary

Activity: 1094

Merit: 1006

Quote from: fusecavator on July 22, 2014, 07:18:50 AM

Well designed website, though I still don't understand how it works, how would 'Decentralized Cloud Storage' be possible? I don't think you can use blockchain to transfer files or the size is gonna be huuuuuge... Explanation would be good

This is correct, you would quickly run into something called blockchain bloat, and well as some terrible legal implication. Instead we can use the blockchain to "point" to a file on the network. This also allows us to support multiple decentralized data networks.

Storj

newbie

Activity: 30

Merit: 0

Keep in mind that while the two are connected over the network, any host storing a bit of an illegal file cannot be held liable for the file. There is absolutely no way they can know what is being stored as the data is encrypted before being stored. This way, the only person who can be held liable is the person with the private keys (i.e. the person storing the file).

That seems to me to not be correct. The host expects that the files are encrypted, but has no way of actually knowing that they are. And if someone wants to use the network for cheap bulk distribution of files, they likely will be skipping the encryption.

Does your comment "storing a bit" mean that files are chunked accross multiple hosts, with none having the full file?

The incentive for a host to store data is that there is a recurring fee, though exponentially smaller than a traditional cloud storage provider as one might think. If the network checks a file and something seems to be out of place (as in the host has stopped storing the file), the host stops getting paid for the file.

I didn't see anything about that on the website. Is this an additional fee to the bandwith cost, or is it a slow distribution of the upload fee?

1.) Correct, we shred the entire file and therefore no one other then the uploader has the ability to have the entire file at once.

2.) You will only have to pay for the amount of space you want, the upload speeds will be as fast as your download speed is. The reason behind this is that while one node may have a slow upload speed the others will make up for it, much like the torrent networks, but it will be even faster because our network has no constraints. So no, there will be no additional fees.

fusecavator

member

Activity: 117

Merit: 10

Keep in mind that while the two are connected over the network, any host storing a bit of an illegal file cannot be held liable for the file. There is absolutely no way they can know what is being stored as the data is encrypted before being stored. This way, the only person who can be held liable is the person with the private keys (i.e. the person storing the file).

That seems to me to not be correct. The host expects that the files are encrypted, but has no way of actually knowing that they are. And if someone wants to use the network for cheap bulk distribution of files, they likely will be skipping the encryption.

Does your comment "storing a bit" mean that files are chunked accross multiple hosts, with none having the full file?

Quote from: fusecavator on July 21, 2014, 11:32:25 PM

The incentive for a host to store data is that there is a recurring fee, though exponentially smaller than a traditional cloud storage provider as one might think. If the network checks a file and something seems to be out of place (as in the host has stopped storing the file), the host stops getting paid for the file.

I didn't see anything about that on the website. Is this an additional fee to the bandwith cost, or is it a slow distribution of the upload fee?

Storj

newbie

Activity: 30

Merit: 0

I can't seem to find anywhere on the site about how users connect to file hosters. If users are able to connect directly to hosts without going through intermediaries, that seems like a deal killer to me, as it puts significant risk on the hosts when people inevitably start uploading illegal files.

Also, how do you make it desirable for hosts to keep data? Without any reoccurring storage fees, and with most backup-type storage being written more than read, and with downloading bandwith usually more available for home users, it seems to me that there's more money for hosts to just write people's data to /dev/null instead of actually storing it.

Keep in mind that while the two are connected over the network, any host storing a bit of an illegal file cannot be held liable for the file. There is absolutely no way they can know what is being stored as the data is encrypted before being stored. This way, the only person who can be held liable is the person with the private keys (i.e. the person storing the file).

The incentive for a host to store data is that there is a recurring fee, though exponentially smaller than a traditional cloud storage provider as one might think. If the network checks a file and something seems to be out of place (as in the host has stopped storing the file), the host stops getting paid for the file.