Storj: the new cloud Bitcoin storage technology

[TinEye]

Maidsafe seem to be ahead in the development stage.

How so?

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

[mthompson362]

Maidsafe seem to be ahead in the development stage.

How so?

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/

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.

[brandoff]

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.

[Kprawn]

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...

[heunland]

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"

[scarsbergholden]

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

[thejaytiesto]

Maidsafe seem to be ahead in the development stage.

How so?

Dont they both do the same thing??

[moni3z]

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.

[brandoff]

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

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.

[brandoff]

Maidsafe seem to be ahead in the development stage.

How so?

Dont they both do the same thing??

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

[DiabolusLoki]

If this was decentralised it could be huge.

[brandoff]

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.

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.

[elliwilli]

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

[bornil267645]

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

[sumantso]

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.