Understanding how Storj business works with bandwidth constraints

[BrightSilence]

Oof… well, here we go.

@lex-1

you are confusing bandwidth and ISP usage caps.

You mean bandwidth caps? It’s a term commonly used with ISPs and even more commonly used by cloud providers. It’s not uncommon for an initial misuse to be adopted into the language.

@lex-1

fine prints in the contract you signed with you ISP, you can’t resell this bandwidth.

This is definitely not the case for all ISPs and seems a bit US oriented to me. I have no such limitations and I’m sure many other don’t either.

@lex-1

I guess the the venture capital investors already told you about this problem as a reason not to invest in your company and you considered the fund raising alternative, but finally chose the virtual money system.

Storj is an actual utility token, not some throwaway thing. Also… do your research before making baseless claims. Storj Labs Inc. - Crunchbase Company Profile & Funding

@lex-1

A home user can backup its data to a drive, store it in its office drawer of friend home without any monthly fee or security concerns and restore it for free.

Tardigrade is not targetted at home users, but rather a storage backend for developers. Someone could build a backup service on top of it though. The final pricing isn’t yet announced, but the intention is to severely undercut cloud competitors on price, while matching or outperforming them on speed and reliability.

@lex-1

you need to keep a 1.5-2 redundancy 3 if you want to compare yourself to AWE stored in high security data centers.

The white paper as well as a long list of blog posts go into great detail about how this is solved by using erasure codes to deliver incredibly high reliability without overdoing it on expansion factor.

All of this information is easy to find if you’re interested in learning more about how the challenges you mention are tackled and what the actual reason is behind using storj tokens. I suggest reading up a bit before suggesting it can never work.