Re: [ANN] Storj - Decentralized 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

`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.

"So capital is flowing OUT and into other projects that investors feel have a brighter future.", they are not investors, investors invest in the company by buying stock, the company then uses this raised money to make a better product. All these opportunist token buyers are doing is waiting for a token to rise in value and then sell, they don't invest into anything. Storj token is a use token to buy storage, these people don't use the token for that. I honestly couldn't care less if these token buyers run away, i will actually sleep better knowing that the current token holders are here to help further the use of the token and help develop the network.

"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.