Would You Rent Out Your Unused Drive Space?

Press2ToContinue writes "There is a new idea out there, proposed by Shawn Wilkinson, Tome Boshevski & Josh Brandof, that if you have unused disk space on your HD that you should rent it out. It is a great idea and the concept may have a whole range of implementations. The 3 guys describe their endeavor as: "Storj is a peer-to-peer cloud storage network implementing end-to-end encryption would allow users to transfer and share data without reliance on a third party data provider. The removal of central controls would eliminate most traditional data failures and outages, as well as significantly increasing security, privacy, and data control. A peer-to-peer network and basic encryption serve as a solution for most problems, but we must offer proper incentivisation for users to properly participate in this network."

Comments

Wuala used to have this

[ButcherCH]

That's more or less what Wuala used to have but they dropped this quite some while ago: http://en.wikipedia.org/wiki/W... For details why the dropped it http://www.eurecom.fr/fr/publi...

Re:Wuala used to have this

[Donwulff]

Oh, yeah, they should've said that in the summary - the difference to Morpheus, Freenet, Mojonation, Chord etc. (in no particular order) is that with Storj (which, somehow, is supposed to be pronounced "Storage" according to their site) is that to participate at this stage, you'll have to buy (currently) 300 dollars worth of their freshly minted cryptocurrency. No thanks.

Additionally from their FAQ: "As described in the MetaDisk whitepaper, we will use Florincoin as an initial solution. Eventually, we will transition to a system with more direct and scalable access to the Bitcoin blockchain via proof-of-existence. As blockchain technology improves we can use systems like Factom to provide faster throughput, and Ethereum to create enforceable contracts on data storage." So... they're in large part relying on technology not even developed yet. I get the modern rush to put software out before anybody else (Or say, 20 years after...), but this does sound like a prime example of putting the cart before the horse.

Re:Nope

[fustakrakich]

And the worst problem of remote storage is that you need an internet service provider at both ends to access it. Maybe it's the second worst. Liability issues involving content would be the worst.