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Comment by xiaomai | Hacker News Reader

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I could be wrong, but I don't think storj is "crypto"/web3. It's decentralized and encrypted, but it's not like files are being stored on a blockchain. (I think they did to an ICO way back in the day, but I don't think that has any bearing on current Storj).

I guess what I'm trying to say here is that decentralization and cryptography obviously predate all this blockchain nonsense and we shouldn't let the crypto hucksters try to "own" those terms.

People who host nodes are paid in STORJ token, so the entire thing is financed through crypro. https://www.storj.io/node

Oh great! A shit coin to run infrastructure that doesn’t accept the shitcoin. Very sustainable.

The risk is that if the price of STORJ crashes or even sharply corrects, many nodes could come down resulting in data loss.

Ah, I thought this was no longer the case. Thanks for the info.

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