The main question remains - whether "decentralization" is really something that people value. I would not be suprised if people stay at Dropbox/Google. This is something I started to notice a while ago - people involved in crypto tend to overestimate decentralization. And crowd.. just does not care. So if there is no demand for decentralized storage - storjcoin price will go down. If there is demand - it will go up. Doesn't really matter what early adopters would do.
Only time will tell and I am still holding on to my SJCX. |
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People would need to keep their computers on for this to work right? What if you need to access your data and they turned their computer off? Great idea though, I'm excited to see how this turns out.
I imagine people would have an incentive to leave their computers on 24/7 to earn more. I know I certainly will. I also imagine that file storage would have redundancy for safety reasons. you need to leave your computer running. storj uses "heartbeats" to check the status of a node. If a node drops (ie you turn off your server), it will seek out another node to copy the file you hosted, then it will end your contract. It does this so 3 copies (minimum) of the hosted file is available online at all times. When you contract ends you will no longer be paid storj because you are no longer providing the service of hosting the encrypted files. There's no way to resume a contract? That's a bit silly. What if I need to turn off a server for maintenance? Do I have to start a new one? Don't think there's a big deal to resume a previous contract. Just turn your node back up again and get another contract in the queue. #tip - run it on a Linux box, you will have better uptime on it.  |
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Can you please tell us how will the rewards be split among Test Group B and Test Group C?
Will the rewards be proportional to the amount of space and bandwidth shared? (in the test phases I mean)
Will the rewards be proportional to the amount of SJCX owned? (will people with more SJCX earn more during test phase B and C ?)
I believe the rewards are determined by how much hardware you have to offer.The more hardware you have to offer the more you will earn. hardware speed (cpu,ram,HDD speed) + internet bandwidth should be the main core areas to be concerned about. |
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I wish Group C let people in with fewer STORJ
Agreed, but we all know that the early adopters get the rewards while everyone else gets a benefit. As I've said elsewhere, I'm still trying to figure out if the expense is worth it. If you bought 10K sjcx at the exchanges (rate 0.00015669), you'll need to cough up about 1.5669 BTC. |
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It seems like everyday a new altcoin pops up, but Storjcoin looks really great so far. No joke. Those prices are really good, and I think once the DriveShare and such launches the price will definitely increase. Good job Storj team!
totally agree, gonna be an awesome Year 2015. #SJCX rocks! |
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Told a friend about the Storj project yesterday and how it could change the whole centralized storage space. He's in the construction arbitration industry. Will see how it goes.
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Factom Use Case - Protecting Sony Pictures with Blockchain Technology Watch how Blockchain Technology can protect Sony Pictures using Factom and Storj.  was this taken from a blog? |
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Test Group A: do you get the same stats as mine for downstream.exe
Sleeping 56.243
Answering challenge.
Sleeping 55.008
Answering challenge.
Sleeping 56.267
Answering challenge.
Sleeping 57.191
Answering challenge.
Sleeping 54.109
Answering challenge.
Sleeping 56.138
Answering challenge.
Sleeping 57.224
Answering challenge.
Sleeping 56.202
Answering challenge.
Sleeping 54.939
Answering challenge.
Sleeping 56.113
Answering challenge.
Sleeping 55.913
Answering challenge.
Sleeping 56.11
Answering challenge.
Sleeping 56.048
Answering challenge.
Sleeping 56.05
Answering challenge.
Sleeping 56.108
Answering challenge.
Sleeping 56.175
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The network is self healing and up-loaders can choose how much redundancy he wants for his data . i assume default is 3 copies stored in the network (data is broken and encrypted)
Yes I think you can choose how many copies to set to in the final Metadisk GUI. |
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So... I am kicking myself right now for not jumping on board with Storj during the initial crowdsale. I feel like I'm just playing catch up. So... I'm setting up a driveshare machine and working to accumulate 10,000 SJCX really quick. I'm considering tinkering with one of the Synology NAS's to use it as a Storj device. I saw a mention of it but no one seems to have followed up on the development yet. I extracted their firmware and it looks pretty doable, but I've yet to buy a device yet.
My friend is doing the same on those Taiwan made boxes. Let me find that picture first. And the price is going up again : https://poloniex.com/exchange#btc_sjcx |
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been using bitx.co and is happy with the service. at least better than localbitcoin where i was being cheated before
thank you yan7181 for the feedback. |
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just saw this update: https://poloniex.com/exchange#btc_strOur Stellar deposit system has been changed -- the use of a destination tag is now required. Please stop using your old STR addresses.Posted by OldManKidd at 2014-12-27 05:57:45 |
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love the constant updates from the Counterparty team. |
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newbie question, how do I use the command line on counterpartyd (my linux pc) to send coins (ie SJCX) from one address to another? |
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