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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Storj - Decentralized Storage on: July 22, 2014, 06:04:23 AM
"data is lost even with some redundancy" tl;dr periodic hash challenge verification of file integrity also serves as a trigger for file recovery from other nodes. all files are at least 3x redundant on the network, but you could set your file redundancy to 500 if you wanted to protect it from Armageddon.
but Storj doesn't know what is real redundancy and what isn't.  You might think the file is backed up in 500 places but all those places end up being the same guy and maybe even same location.  Locations can be disguised right?  "sybil attack"
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Storj - Decentralized Storage on: July 22, 2014, 02:16:56 AM
Sorry for the newb question... I don't understand how Storj or others will "decentralize" things.  If you get paid for having a hard drive online and it's profitable than someone is just going to get a warehouse full of cheap hard drives and people doing it with just one or two hard drives won't make enough to bother.  Same reason nobody mines bitcoin with their PC anymore.  If people are using their home computers they would be super unreliable, it's just a matter of time before data is lost even with some redundancy.  Am I missing something?
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEM -4 billion coins- Equal Shares for ALL - Registration thread (part 2) on: February 02, 2014, 10:13:06 PM
Love NEM and NXT!!

Sent 450 NXT (ID: 6190999997023788008)
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