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I can't tell if StorJ and MaidSafe are "scams" or not. I think they are. They're very handwavy about the exact algorithms they will use to solve the big problem
by chuckup 12y ago
I can't tell if StorJ and MaidSafe are "scams" or not. I think they are. They're very handwavy about the exact algorithms they will use to solve the big problems (such as sybil attacks, etc). The StorJ "white paper" really does not explain much. Maidsafe recently made millions of dollars without having much to show for it, I get the feeling StorJ is the same thing. Pretty website, nice buzzwords, but no explanation of how it will work against greedy actors.
Now, here is another p2p storage-meets-bitcoin idea that actually has a very informative paper, Permacoin: http://cs.umd.edu/~amiller/permacoin.pdf http://cs.umd.edu/~amiller/permacoin.pdf
Compare the StorJ whitepaper to the above :)
- herpderper 12y agoI'm a hacker so when I met the head of storj at texas bitcoin conference I was hammering him with technical questions... they had a sketchy front end in python but when it came down to brass tacks on storage all I got was something like "well for now we're just uploading it to box.net"
- Taek 12y agoI'll go ahead and throw my cryptocurrency into the pile too: www.siacoin.com. For both StorJ and MaidSAFE, I believe that each has a development team which is taking money and has full intentions of completing their cryptocurrency. We are the same way, have taken around $120,000 from the community and now have a handshake deal with an investor for a substantially larger sum. Nobody has a working prototype, so there's definitely a race right now. Permacoin looks like the newest of all, only having just released a whitepaper. They also seem to have the most complete whitepaper.