Storj: Not a Dropbox Killer • Hacker News Board

Re: Storj: Not a Dropbox Killer

#41

Post by dsacco » Sat, Aug 26, 2017, 5:22 PM UTC

aaron-lebo wrote: post #34

vortico wrote: post #33

Earlier quoted context omitted.

How do you suggest we do that?

Build great stuff and don't be greedy - set an example. Make those greedy over mediocrity look bad. Build for the sake of building, because that's reward enough.

Maybe that's enough of a reward for you, but personally I work because I like to get paid. The fact that I enjoy my work immensely is just a happy accident. There are things I enjoy doing even more than my work - much more so! - and if I did not need to get paid, I'd be doing those things instead.

Re: Storj: Not a Dropbox Killer

#42

Post by adrianN » Sat, Aug 26, 2017, 5:22 PM UTC

vortico wrote: post #33

ivm wrote: post #27

Earlier quoted context omitted.

Not radical at all, greed ruins everything. The more we can decrease it in society – the more freedom we'll all get.

How do you suggest we do that?

Only give power to people who don't want it.

Re: Storj: Not a Dropbox Killer

#43

Post by hyperfekt » Sat, Aug 26, 2017, 5:23 PM UTC

paulcnichols wrote: post #35

shitcoin.com is an inspired domain name!

I was surprised he managed to snag it. At the current rate of ICO proliferation I expected there to be at least two dozen waste reusal coins already.

Re: Storj: Not a Dropbox Killer

#44

Post by sireat » Sat, Aug 26, 2017, 5:26 PM UTC

octalmage wrote: post #18

sp0rkyd0rky wrote: post #14

Earlier quoted context omitted.

hi, i'm gordon. and yeah, unfortunately i might be the only person who understands the entirety of the core library. yeah, that's scary. but i wouldn't bet any storj tokens on it because the payoff wouldn't be so great. i'm not listed on the team anymore, because i - along with several others left the project during and after the token sale (empty handed, mind you) for various reasons. i agree, storj didn't need $30m…

That sucks man. Have they begged you to come back yet?

As has been mentioned elsewhere, why would they beg when they have FU money and can buy Lambos.

They can honestly say that Storj lead developer left of personal reasons and no one else can take over.

There is no obligation on their part to pay anything back.

Like the author I have been following crypto currencies (and doing small time mining) since 2011. I have seen several boom-crash cycles.

Still I boggle at the madness of the crowds.

Re: Storj: Not a Dropbox Killer

#45

Post by dsacco » Sat, Aug 26, 2017, 5:26 PM UTC

ivm wrote: post #27

blunte wrote: post #8

Unfortunately for the author of this amazing (and cringeworthy) exercise, skeptics often put in a lot of effort, but receive practically no reward compared to the con artist. Even the people who agree with and appreciate the effort of the skeptics are few compared to the number of irrational people who gladly follow the cons. This is a bit radical (and probably outside the interest of HN), but if we somehow could rem…

Not radical at all, greed ruins everything. The more we can decrease it in society – the more freedom we'll all get.

Greed appears to me to be fundamentally intrinsic to human behavior and culture. I don't think it's realistic to try to get rid of it. Rather I think it would be more effective to use it as an incentive and actively limit its negative externalities.

Re: Storj: Not a Dropbox Killer

#46

Post by napoleoncomplex » Sat, Aug 26, 2017, 5:26 PM UTC

nebabyte wrote: post #37

axiom wrote: post #36

Looks like the Storj coin is trading higher now than when it first launched. https://coinmarketcap.com/assets/storj/ The level of fraud and stupidity in the ICO world is pretty shocking. It's not going to be pretty when the bubble bursts.

There was that SEC report a while back that sounded like it was gonna end the wild west era of ICOs, and though I don't keep up with ICO news I haven't heard of any big new launches in a while.

My impression is that it has accelerated if anything. Random teams are raising 5-10m$ daily, and people who missed out on the first wave a few months ago are now gearing up to be a part of the second wave.

A good overview of the amount of these things is here: https://www.icoalert.com/

Not all of them will raise successfully, but the percentage is way higher than you would expect. Not to mention some of the longer ongoing sales, such as EOS, with 200m+$ raises. Either way, it's still quite insane out there.

Re: Storj: Not a Dropbox Killer

#47

Post by brndnmtthws » Sat, Aug 26, 2017, 5:26 PM UTC

It's worth checking out Sia, which doesn't seem to get much attention: https://sia.tech/

It works, they have an active development team, and the network keeps growing: https://siahub.info/map

Re: Storj: Not a Dropbox Killer

#48

Post by to3m » Sat, Aug 26, 2017, 5:28 PM UTC

axiom wrote: post #36

Looks like the Storj coin is trading higher now than when it first launched. https://coinmarketcap.com/assets/storj/ The level of fraud and stupidity in the ICO world is pretty shocking. It's not going to be pretty when the bubble bursts.

It is in dollar terms, but not in BTC terms...

Re: Storj: Not a Dropbox Killer

#49

Post by ivanstojic » Sat, Aug 26, 2017, 5:28 PM UTC

adrianN wrote: post #42

vortico wrote: post #33

Earlier quoted context omitted.

How do you suggest we do that?

Only give power to people who don't want it.

There's an SF writer I really like for his books in the vein of this. His name is L. E. Modesitt, and some of his books that discuss this are the "Parafaith War" and probably the best "Adiamante."

Re: Storj: Not a Dropbox Killer

#50

Post by eddiewang » Sat, Aug 26, 2017, 5:31 PM UTC

brndnmtthws wrote: post #47

It's worth checking out Sia, which doesn't seem to get much attention: https://sia.tech/ It works, they have an active development team, and the network keeps growing: https://siahub.info/map

It also has one of the only dev teams in the decentralized storage space that truly understand the power (and more importantly, the limitations) of blockchain.