Re: [ANN] Storjcoin X (SJCX) - A Coin for Decentralized Cloud Storage
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).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.
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.
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 
yep not clear enough
The blockchain isn't actually storing any of the data from a user; the blockchain is only storing the metadata that points to where the data is being held. This significantly cuts back on blockchain bloat and keeps the size very manageable.