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What is Storj & How Does It Work?

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Storj seeks to be the world's first decentralized cloud storage offering. What does that mean and how does it work? What's the network's status report, and how would one make money as a "farmer"? Get your questions answered here, boys and girls. Check out our new channel! http://youtube.com/dashorg Connect with us! [website] http://TheDailyDecrypt.com [tweets] http://Twitter.com/TheDailyDecrypt [facebook] http://Facebook.com/TheDailyDecrypt Wanna sponsor a show? http://TheDailyDecrypt.com/Sponsorship Sponsor: CryptoCompare: http://cryptocompare.com Show links: Storj homepage: http://storj.io Download DriveShare/estimate potential earnings: http://driveshare.org Storjcoin stats: https://www.cryptocompare.com/coins/sjcx/overview Music: 'Soon' by My Bloody Valentine: https://www.youtube.com/watch?v=ft56il9bGMk Contact us: http://TheDailyDecrypt.com/Contact Tip us! See our addresses for Bitcoin, BitcoinDark, Bitshares, Dash, Dogecoin, Ethereum, Litecoin, Monero, Neucoin, Nubits, Nxt, Peercoin & more at http://TheDailyDecrypt.com/Tip-Us ProTip ready: 1u9ZrWbVFkaYJ89VL3ynarQb5HUKW7zKB
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Text Comments (57)
PROsec5 (15 days ago)
Storj is great 👍!
Neha j (5 months ago)
Nice video. You can buy Storj easily from binance - https://www.binance.com/?ref=13380711
Storj es un sistema muy bueno para minar… lo mejor de todo es que puedes minar con cualquier ordenador. En esta página encontré alguna info… que merece la pena igual os puede servir. www.como-minar.com/category/9/storj
Aitor lopez garcia (6 months ago)
good good good
Mile Jukic (9 months ago)
Amanda you're so cute, it's hard to focus on the topic
Kalpesh Popat (10 months ago)
What is distributed object storage and how can that get rid of middle man or data centers....and how the hell can it increase reliability, security and remove data losses....who is managing the community cloud ? and if i am buying storage aren't this stored somewhere and who ensures that the storage at my neighbour's home is online at all time ....and the little piece of data that is hanging in there is available to me whenever i want? this won't be my main source of income so what stops me from shutting down my harddrive from online share?
Norm Bolduc (1 year ago)
Siacoin is better than Maid & storj, do your research people.
Hector D.S. (1 month ago)
Storj actually launched tho...
Meije Sibbel (1 year ago)
why?
Maja Bumbar (1 year ago)
2TB per user? FAKE!
this dude (1 year ago)
this might not be good for someone who doesnt have unlimited internet.. cable cap mine at 300gb a month or 1tb for the top tier.
TJ Walker (1 year ago)
+The Daily Decrypt, at about 3:28 you claim Storj would be the first world's first decentralized cloud storage network. Would you please elaborate on how Space Monkey (spacemonkey.com) is not already that? Thanks.
Desmond Johnson (2 years ago)
Hmm...so this is merging [email protected] with the bitchain technology? Interesting.
Anomalous (2 years ago)
Is Storjcoin the same as SrorjcoinX ?
Bijan Fletcher (2 years ago)
OH MY GOD MY BLOODY VALENTINE DAMN GIRL <3
kosai19 (2 years ago)
Can you please do a show about the dollar pegged digital currency options (i.e. pros and cons of each one, comparison, etc..) I think it would really help people on the fence about digital currencies since bitcoin's price is all over the place.
The Commons Decrypted (2 years ago)
This look like a very cool project, thank The Daily Decrypt
Per Knutsen (2 years ago)
Dear Amanda, I love your show, but why don't you cover Sia? The premise of your favorable presentation of Storj ("to be the world's first decentralized cloud storage offering") has already been met by Sia. Sia is a blockchain based, decentralized cloud storage platform that already has a sizable user-base. There is a network of operating hosts that *currently* provide storage for more than 32,000 files that have been uploaded by users. I myself have more than 20 GB backed up on the Sia network. During your investigative reporting you probably did discover that this is not currently possible with Storj. Sia provide some real benefits to storage providers. Unlike Storj, where a sizable collateral is required, no such is required on the Sia network. Anyone can operate a host without any up-front investment. You can rent out your own space, earn Siacoins (the cryptocurrency used on the Sia network) and then spend it uploading your own files (or, just buy or mine your Siacoins). Sia is nothing short of an impressive blockchain based innovation that *actually works* (!!). Research it and I know you will concur. Version 0.5.1 was just released with a host of new features (for Windows, Mac and Linux). Give it a spin! https://github.com/NebulousLabs/Sia-UI/releases You absolutely should do a follow-up report on Sia. The development team will be happy to talk. Sia also has an active community going on that can provide real user-feedback (not just hype). Your viewers will thank you for it. Sources: http://explore.sia.tech (Sia explorer & statistics) http://forum.sia.tech (official Forum) http://reddit.com/r/Siacoin https://github.com/NebulousLabs/Sia-UI/releases (app downloads)
Charlie Potts (2 years ago)
What if someone's computer is turned off, then you won't be able to access the data?
this dude (1 year ago)
Charlie Potts thats why its stored on multiple farmers computer.
Frank Kenna (2 years ago)
Yeah, I had the same question (just a few months after you did...)
David de Kloet (2 years ago)
I wonder how they do those micro transactions on the Bitcoin blockchain with Bitcoin fees being so high.
Pierre Barnard (2 years ago)
Where can I buy Bitcoin from? Middle Earth...now that was funny...!
Nuno Dias (2 years ago)
+Pierre Barnard You can buy it from Coinbase for example: https://www.coinbase.com/join/559be6c53466395d280000e3 Easy, fast and secure. That's the gateway I use myself.
Robert Balejik (2 years ago)
it'd be nice to do decentralized VPS, that'd be really cool
tom wigglesworth (2 years ago)
sweet idea, i'm in. screw the big guys
Stewart Mcleod (2 years ago)
store is storj.
Stewart Mcleod (2 years ago)
Would love to see decentralised you tube using farmers who share their spare bandwidth, it would seem logical next step for store.
Amanda B. Johnson (2 years ago)
+Stewart Mcleod Yes, streaming video would definitely be the holy grail of decentralized hosting. I believe the project Alexandria is working toward just that, and I imagine it's a wish list item for Storj, as well.
Le Bulle (2 years ago)
Cool
wanwan (2 years ago)
SIA is up and running already. If any, that's the first :)
Per Knutsen (2 years ago)
+The Daily Decrypt OMG!! You definitely need to research Sia. The premise of your entire episode is wrong. See my other post.
wanwan (2 years ago)
google SIA coin :)
Amanda B. Johnson (2 years ago)
+wanwan What's SIA?
vcvitiko (2 years ago)
i might just put 500 on this idea.. look at etheruem doing very good.
vcvitiko (2 years ago)
+The Daily Decrypt great!! thanks
Amanda B. Johnson (2 years ago)
+vcvitiko We'll be releasing an interview with an Ethereum developer today, so that should be right up your alley.
Zak_ Salter (2 years ago)
can you clone yourself and move the clone to Calgary? my gf thinks I'm a retard for buying bitcoin
Amanda B. Johnson (2 years ago)
+Zak_ Salter LOL! Just wow.
firstflyover (2 years ago)
Every Cool! It's just like the MaidSafe Internet...
Peanutsreveng3 (2 years ago)
Been waiting for this technology to hit the ground for a while. Wonder how long until we're informed that we're supporting terrorist activities, by hiding their data, or some similarly predictable bullshit :( Thanks for the headsup.
harryman11 (2 years ago)
You should do a video on MAIDSAFE really interesting stuff there also, still getting my head around it.
noodlesdoctor (2 years ago)
Isn't this just like maidsafe?
Rob F (2 years ago)
+noodlesdoctor I really can't see any fundamental differences? I guess competition is good though! :)
ausPPC (2 years ago)
Nooo, not tests! ;) But Storj sounds like a better way to ease idle-iMac owning friend into the crypto world than my failed attempt at using it to mine dogecoin. btw How much redundancy is built in to the Storj network?
Amanda B. Johnson (2 years ago)
+ausPPC I believe the minimum number of farmers per file is 3 by default. Then the customer can pay for more farmers if they want, to have the redundancy level they want.
wosterlee (2 years ago)
Very interesting concept. Question: Does a farmer need to keep its computer on while encrypted data is stored on it?
Amanda B. Johnson (2 years ago)
+wosterlee I would imagine so, yes. If the farmer computer hosting the files is turned off or otherwise not connected to the Internet, the file's owner would not be able to retrieve it.
Amanda B. Johnson (2 years ago)
My score on the Intermediate Bitcoin Intermediate quiz was around 87%, if I remember correctly? And lower than that for the Bitcoin Hardcore quiz, yipes! Haven't taken the Ethereum one yet. Quizzes here: https://www.cryptocompare.com/quiz/
Vlad Cealicu (2 years ago)
+fastenol1 You can register and save your badges (if you think you did well) I did some of the quizzes so i managed to get 100% in all 4 (https://www.cryptocompare.com/profile/ZeroCool86/#/activity). Also if you register you get our daily newsletter (you can always unsubscribe form any email communication). The one today was: https://www.cryptocompare.com/email-updates/daily/2016/jan/25/
Vlad Cealicu (2 years ago)
+fastenol1 cool, that's fine. You can fail the harder ones and slowly learn as they have links to our existing guides.
fastenol1 (2 years ago)
I don't twitter. Unless I've had too much coffee lol. I'll give the more complicated quizzes a go too I think. Great learning tool!
Vlad Cealicu (2 years ago)
+fastenol1 You can also share your results on twitter:D
fastenol1 (2 years ago)
+The Daily Decrypt Yay 73%!! Beginner btc quiz
slhines7 (2 years ago)
It's been awhile!! I can only assume that you no longer upload videos on your old channel? I'm glad that I found your new channel.
slhines7 (2 years ago)
Thanks and I dig your posts. Hope your channel spreads to others.
Amanda B. Johnson (2 years ago)
+slhines7 I'm glad you did, too.

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