Bitcoin Forum

A startup called Storj has come out with the idea of a decentralized cloud Bitcoin storage. It will, however, take them some time to fully implement the concept.

- Read full article HERE (http://bitcoincasino.info/bitcoin-casino-news/storj-new-cloud-bitcoin-storage-technology/)

Is not storj a Mike Hearn project ?

Any differences from DropBox?

Decentralization?  8) I can't wait to upload my backups to storj so that I can delete them. We should wait until renting of some GBs is possible imho. I hope it'll be affordable to buy even some TBs. Storj is not just "decentralized cloud" space, there is/ will be whole platform with API for anyone to use in their own projects..

I believe datacoin was the first project that was aiming for storing your files in the blockchain to allow decentral cloud storage. (correct me if I'm wrong)

The only problem were the guys behind datacoin. They never managed to get it to the next level.

Storj looks very professional and looks way better. I'll be watching this closely.

I was looking at this just a couple of weeks ago. Looks neat if they can get it up and running. (I think FileCoin was another try at doing this. Was never sure what happened with them except I think they never got much farther than the white paper (http://filecoin.io/filecoin.pdf).)

http://www.coindesk.com/cloud-storage-startup-storj-raises-910-btc-crowdsale/

You're not wrong, though technically Bitcoin and Namecoin could also be used to store data in the blockchain if you knew how to. Not sure if they can accommodate actual files though.

But yeah, I was thinking Datacoin too. It was an innovative coin and yet it died. The dev disappeared and there were also issues with the blockchain becoming too bloated. I think it was supposed to grow by about 500GB a year. It would be interesting to see what these new guys will do differently.

Hey all, if anybody has any questions regarding Storj I would be happy to answer them!

This doesn't really belong in this section as they are going to use Florincoin.
Although this is something interesting and new. I hate having my files on centralized cloud services anyways.

there are some threads talking about this

but so you know it, this is already in the beta testing phase  :D

Storj is not a dropbox competitor, however dropbox can use storj for storage.

what different storj with dropbox??

Storj is decentralized. On top of that, Storj allows for the creation of applications on top of the network.

Guys nice to have a new topic setup but yes I don't think it belongs here.

We have official threads setup on here at the links below, and our official forum at https://storjtalk.org.
We invite you to join the discussion there.

• [ANN] Storj - Decentralized Storage (https://bitcointalk.org/index.php?topic=555159.0)
• [ANN] DriveShare - Earn money by sharing your extra hard drive space (https://bitcointalk.org/index.php?topic=871975.0)
• [ANN] Metadisk - Blockchain Based File Sharing - Powered by Storj (https://bitcointalk.org/index.php?topic=609060.0)
• [ANN] Storjcoin X (SJCX) - A Coin for Decentralized Cloud Storage (https://bitcointalk.org/index.php?topic=702602.0)

Merry Xmas to Everyone from the STORJ TEAM  :)

FAIL because : Get paid for renting out your extra hard drive space



Decentralized storage will be free.



Only.

Both the Storj and Maidsafe projects show promise, and its nice to see them using two different solutions. Willing to wait and watch to see which is the better one.

Maidsafe seem to be ahead in the development stage, Storj needs to hasten up unless it wants to concede the first mover advantage.

Decentralised, so no one person (CEO of dropbox) can take your information.

How so?

Decentrilized when one person has the rule of the 91% of Storj coins? I dont think so.
Imo Storj is a p2p dropbox and nothing more. Is not even part of the digital coins revolution. Their coin is the same with everything else fiat money in this world.

Check their progress and number of pull requests, the work done has been massive.

I still don't see a working beta or anything though. Storj recently launched its first beta, and you can see those distributed farmers here: https://live.driveshare.org/ (https://live.driveshare.org/)

Then again, it's all about cooperation. No need to back one or the other - Storj and MaidSafe plan on some amount of integration with one another.

I talked about Maidsafe & Storj a month or so ago here:
https://bitcointalk.org/index.php?topic=841972.msg9480153#msg9480153

Since then, our new whitepaper was posted (storj.io/storj.pdf) and our Test Group A started.

Hope this helps.

And..... I still do not get it.....

The user provide surplus storage and rent it into a cloud for other people to use?

What type of redundancy is built into this technology? I get the decentralization part, but still confused...

Correct, @Kprawn, Storj farmers will make available unused space on their hard drives to the network using the DriveShare app. They can offer this space for rent to other users who will pay the farmers for the space they want to occupy with the SJCX token.

The users of the network will be able to choose their preferred level of redundancy in the MetaDisk app, however, for simple data storage, a minimum 3x redundancy is recommended. As @brandoff already pointed out, you can find all the technical details in the Storj whitepaper recently published at http://storj.io/storj.pdf, and specifics about the subject of redundancy in chapter 4: "Proof-of-Redundancy"

Having to have your data stored multiple times (being redundant) means that the overall cost of storing via the service will be many times more expensive as advertised.

One issue of redundancy does not address is data integrity and possible data corruption. The integrity is somewhat addressed by the fact that you check the SHA hash of your files, however you will likely not determine if data is corrupted until you actually try to make a query from it

Dont they both do the same thing??

I use tarsnap because

- open source
- accepts bitcoins
- Colin Percival of FreeBSD runs it
- other cryptographers recommend it as crypto engineering is solid

This project Storj you use 3rd party tools like pycrypto to encrypt your own files with AES128 in CTR mode, then they just store it in chunks decentralized. I backup TB servers so will be interesting to see how they handle gigantic backups and what that will cost.

That part is handled by the heartbeat process (also described in whitepaper). Basically, if the file is corrupted it won't pass the heartbeat and the storage contract is broken.

Talked a bit about that here:
https://bitcointalk.org/index.php?topic=579797.msg9915442#msg9915442

If this was decentralised it could be huge.

I'd take a look at our whitepaper if you haven't already (storj.io/storj.pdf)

With Storj you'll be able to choose how you encrypt your files before uploading. Remember we're still a relatively young project in rapid development so lots of things will be changing. TarSnap is definitely awesome (compared to a lot of other solutions out there), but they've also been maturing since 2006 (8 years) and had a 2-year private beta.

And now we wait for pedos to start using it to host Pizza and then the whole thing comes tumbling down.

wow, impressive. Many attempts before, but nothing came this far.

I am not sure about the economical viability of this, or how it is going to bring value to its shareholders, but I am glad to see its progress.
If it works as advertised, I can see it complementing Bitshares well, and the possibilities are huge.