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Storj: Not a Dropbox Killer

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Re: Storj: Not a Dropbox Killer

#21

Post by panarky »

to3m wrote: post #13

bookchin: https://www.reddit.com/r/storj/comments/6llxpn/so_long_frien... I followed the storj reddit for a while, since I bought into the crowdsale with Bitcoin. (Since sold. There was some kind of pump the other week on bittrex.) After the crowdsale, they appeared to be really rather disorganised. They took the $30m, sent everybody receipts, and then... nothing. No newsletters, no mails, no nothing, aside from occa…

FTFA:

The commit pulse will tell me the frequency of code changes... Why has the activity stopped? My best guess is that funds have been raised. Why code when you can buy lambos?

Re: Storj: Not a Dropbox Killer

#23

Post by subsubsub »

sp0rkyd0rky wrote: post #14
aaron-lebo wrote: post #3

How much storj you wanna bet that Gordon Hall guy is the only person in the world who understands the entirety of Storj? Scary. What relation does he have with the project? He's not even listed on the team: https://storj.io/team.html There was a $30MM ICO which ended May 25th. The price of ETH was $177 at the time. Not bad! Dropbox’ first seed round was only $15,000. I don't get it. Don't understand why people want t…

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…

Hi Gordon, sorry if this is too far off topic, but what software did you use to make your awesome github profile photo?

Re: Storj: Not a Dropbox Killer

#24

Post by Fifer82 »

wakkaflokka wrote: post #19
to3m wrote: post #13

bookchin: https://www.reddit.com/r/storj/comments/6llxpn/so_long_frien... I followed the storj reddit for a while, since I bought into the crowdsale with Bitcoin. (Since sold. There was some kind of pump the other week on bittrex.) After the crowdsale, they appeared to be really rather disorganised. They took the $30m, sent everybody receipts, and then... nothing. No newsletters, no mails, no nothing, aside from occa…

I wonder if there's something illegal or fraudulent about raising all that money and then doing a half-assed job on the project? I understand there's a thin line between a failed business venture and outright fraud/lying, but stories like this seem so slimy.

I don't think so. Is that not 90% of Kick starters purpose?

Re: Storj: Not a Dropbox Killer

#25

Post by pjc50 »

wakkaflokka wrote: post #19
to3m wrote: post #13

bookchin: https://www.reddit.com/r/storj/comments/6llxpn/so_long_frien... I followed the storj reddit for a while, since I bought into the crowdsale with Bitcoin. (Since sold. There was some kind of pump the other week on bittrex.) After the crowdsale, they appeared to be really rather disorganised. They took the $30m, sent everybody receipts, and then... nothing. No newsletters, no mails, no nothing, aside from occa…

I wonder if there's something illegal or fraudulent about raising all that money and then doing a half-assed job on the project? I understand there's a thin line between a failed business venture and outright fraud/lying, but stories like this seem so slimy.

The fundraiser itself may well have been a violation of "qualified investor" rules. The SEC may well catch up with them eventually if they remain in the US.

It looks like their early investors are unhappy for other reasons too: https://safenetforum.org/t/storj-screws-their-ico-token-hold...

Re: Storj: Not a Dropbox Killer

#26

Post by pjc50 »

aaron-lebo wrote: post #3

How much storj you wanna bet that Gordon Hall guy is the only person in the world who understands the entirety of Storj? Scary. What relation does he have with the project? He's not even listed on the team: https://storj.io/team.html There was a $30MM ICO which ended May 25th. The price of ETH was $177 at the time. Not bad! Dropbox’ first seed round was only $15,000. I don't get it. Don't understand why people want t…

> why people want to get a lot of money, put a ton of pressure on themselves, and then put out a shoddy half-baked, half-finished product.

Other way round: produce a half-baked product, get a lot of money, hope your investors are too libertarian to set law enforcement on you.

> Shouldn't you earn it first? Isn't that healthy?

Have you heard of this thing called "capitalism"?

Re: Storj: Not a Dropbox Killer

#27

Post by ivm »

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.

Re: Storj: Not a Dropbox Killer

#28

Post by sp0rkyd0rky »

subsubsub wrote: post #23
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…

Hi Gordon, sorry if this is too far off topic, but what software did you use to make your awesome github profile photo?

Haha, `libcaca` FTW http://caca.zoy.org/wiki/libcaca

Re: Storj: Not a Dropbox Killer

#29

Post by redm »

A flip side of the (crypto)coin so to speak.

I invested in Storj, and I also put some resources behind farming. First, there are lots of issues, but that's to be expected with an early product. At least there is a product. Second, this is a very different project than Dropbox, a centralized cloud storage originally built on AWS. Comparing the two is exactly fair, and the long term value proposition of Story is very different from Dropbox. Third, They are building the platform, and as it improves, the clients will get better, simpler, and a community will form; give it more time. Fourth, Dropbox was founded in 2007; it took substantial time to get the front end polished and working well. This product is more about the AWS side of the Dropbox equation than the Dropbox side.

Finally, some results on my Storj farming. Not super easy to use, not super efficient, but working, and I expect it will get better. I have farmed about 15TB of data (storage) since the ICO. Its growing too; so there are real paying users using it.

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