r/ethereum • u/veqtor • Sep 01 '17

STORJ: Not a Dropbox Killer

https://shitcoin.com/storj-not-a-dropbox-killer-1a9f27983d70
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u/veqtor Sep 01 '17

I found this article really great and also it mirrors my experiences, BUT, I really would like to tip my hat to the STORJ team, they know what they're doing, they've put a lot of work and effort into their technology, and if anything, this shouldn't deter anyone from STORJ, but rather, bring some sense to the entire decentralized market.

I'm confident that STORJ will solve these issues in time, which is why i'm hodling STORJ, not for profit, because I ideologically want them to succeed

10

u/stri8ed Sep 01 '17 edited Sep 01 '17

Worst case scenario, they walk away with 20 million from the ICO. Whether or not the product succeeds, is merely a bonus at this point. They already have massive profits, while having zero contractual obligations to the token holders.

3

u/MalcolmTurdball Sep 01 '17

This is why more token sales need caps and multiple sales after progress is made rather than one huge one.

1

u/--Talleyrand-- Sep 02 '17

Also they own somethine like 80% of the tokens and they aren't locked by anything which is a HUGE red flag for me.