Quote from: TinkerTom on July 27, 2014, 11:20:35 PM

First off, I'm very interested in Storj and will likely at least invest a bit. I'm still not really clear on the technical details and really wish the crowdsale wasn't started until things were a little more clear. Obviously things can change even if they were well defined, so I can live with some ambiguity, especially as you all seem up front about it.

Quote from: MemoryShock on July 21, 2014, 02:17:19 AM

For everyone calling scam, perhaps you should do some research. Shawn and David, the two guys behind Storj and Maidsafe, are seen hear talking with each other. They both have stated that their projects should eventually compliment each other...and the dev work for both is already progressing well. I'm on the Maidsafe side but appreciate what Storj is doing...so do some research before calling scam!

https://groups.google.com/forum/#!topic/maidsafe-development/VS7PVXweMsc

Thanks for the link (clickable version), interesting read. I'm assuming the technical aspects are outdated though, or no?

Quote

My team and I have been working on some prototype front end software that allows users to store files on our prototype decentralized network. Storj is able to easily keep track of files on multiple networks, but doesn't handle the core physical storage of the file. That is where MaidSafe can come in. I think with just a bit of Python, can link the MaidSafe software to the prototype front end software. This will provide MaidSafe with its first solid decentralized application running on top of the network, which also could be a nice little demo to show around. It will solves Storj's problems in terms of providing scalable decentralized storage for the prototype.

This wouldn't seem to leave much of anything for Storj to do and I'm not sure why the coin would be necessary, or have value. I'm guessing this is out of date, but I'm still wondering where the data will live.

On a different note, there's an interesting discussion over on Maidsafe.org about the economics of a coin that's linked to the value of storage. In a (badly butchered I'm sure) nutshell, the cost of storage has decreased by about 30% a year -- how does that effect the value of the coin? (Now that I tracked down the link, the OP has added an edit stating he thinks the value will rise, but it's an interesting discussion in any case.)

Hi,

Our current specs can be seen on github.com/Storj.

In regards to your second question I have actually been doing some reports and thinking about the economics behind a commodity/ currency that is based off of digital storage. I have not made my way over to the maidsafe article you pointed out but I will read that as soon as I am done.

It is simpply just a supply and demand idea that is behind most currencies. Let us say that in the early stages of Storj we have a user that joins who is bringing a lot of demand with him/her (might be a video producer or an engineer that has huge files to store on our network) obviously they are willing to pay more and that will drive the price of SJCX up. Now, on the flip side, you have a person that wants to make some decent profit off of Storj and brings massive amount of data but not much use to use it. This increase in storage will bring the price of SJCX down a bit. But again, once Storj grows to the scale we are hoping for, these fluctuations will be quite small because of the amount already there.

And yes you are correct that storage is getting cheaper, but if you look at it from the other side; there is a lot more demand that is coming soon from all the companies and large groups of people that are going to start to store data on the "cloud"

I would love to have a discussion about the economics behind Storj if you would like to email me with questions: derek@storj.io

Great questions!

We really appreciate your thoughts and are glad you are involved.

Cheers

Storj

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