It is claimed that storj will be much more effective than public clouds.
No chance. Public clouds buy massive amounts of hw. They use every possible technology to squeeze more out of it.
Storj will, because of the inherently very unstable uptimez of the members, have to build in a lot more redundancy.
A single piece of data would need at least 5 parity nodes , lets say 10 nodes total. Both reading and writing would suffer.
And mindboggling amounts of bandwidth would be consumed when having to deal with someone takin their 5ftb off the net.
Also, the consumers would haveto disble their power saving modes. One couldnot run a system like this if most of the nodes were off he net half the time. Unless adding even a higher number of parity nodes.
So think of this as raid 5 with maybe 4 datanodes and 16 parity nodes. You might need 4 tb to securely store 1 tb.
A cloud provider on the other hand can use dedupe and a host of other tricks, and maybe need just 100 gb to store 1 tb of data, in addition to sourcing hard drives snd ssd at a fraction of what consumers pay.
Then there is the legal bits.
As a defense they compare the service to tor.
That nobody has been prosecuted for hosting a tor relat0y. And also cited that us govt. Is pro tor, citing us state debt buerau of democracy recommending tor. State dept does not care about usa consumers. State dept wants democracy advocates to use tor in myanmar and north korea. But it should be oretty safe to state that Dept of homeland security, cia, fbi, and all other agencies probably hate tor with a vengeance. Your data will be safe only as long as the oarticipation of this service is significant, stable or growing. Every time a signficant number of members drop out, theee is a risk that your data will get lost.
If a bunch of tor relays are knocked out, no big deal. Worst case scenario, maybe it slightly impacts response times. A bunch of storj nodes gets knocked out, because of a bad patch, customer dissatisfaction, a scary even if fake newsstory, a security breach, a bug in a windows 8 service pack, data will get lost. POOF! No longer retrievable. That kind of screwup only happens once. After that kind of event, there are no more customers or members, and the name is only whispered as cautionary tale.
While things might look ok now, there is also a fair risk that this service could be blocked off by isps, just as tor and torrents. If comcast and verizon both decided to take down storj, your data would be lost forever. There is no provision for a centralized backup.
Also your data would be lost as soon as you stopped making rsnt payments. Poof.
Lets say youre carted off to jail with no visiting rights for a month, because someone who had stolen your identity had some something really bad. Your checking account has been frozen for same reason. You get out from the fase charges, and get out. All your data ia gone poof. Unlike the storage facility where you keep your collection of first edition figurines, you data went poof as soon as you missed a payment of cryptocurrency to that confederacy if cryptonerds.