Hi All,
909.81418472 BTC raised!
SJCX is tradable on counterparty.
I've been following the STORJ team's progress, and it's actually the reason I opened a counter party wallet. Receiving the storjcoin was smooth, so I'm very much impressed by the counterparty product.
"Storj is based on the Bitcoin blockchain technology and peer-to-peer protocols to provide the most secure, private and efficient cloud storage." - storj site.
Checkout: http://storj.io for more information
Sounds like a successful funding event. What are the storj coins going for, are they divisible and will more be created or is that it?
Trading is available on poloniex, and inside the counterwallet.
I believe there is a hard cap not sure if it's now or in the future.
Issiance is not locked but I have seen reference to 500M coins as a cap. It would be good to know how they plan to distribute the coins in the future. Is there a formula? Will it require human action? What if the issuing private key is compromised?
[quote author=weex link=topic=496.msg3108#msg3108 date=1408556384]
What if the issuing private key is compromised?
[/quote]
The same question could be asked of any asset owner. What answer do you expect to hear?
The idea is that it must not be. If anyone told you "we're 92.58% sure that it won't be", would you buy the asset? 
[quote author=creationlayer link=topic=496.msg3075#msg3075 date=1408409059]
909.81418472 BTC raised!
[/quote]
Congratulation and well done!
[quote author=something link=topic=496.msg3110#msg3110 date=1408556853]
[quote author=weex link=topic=496.msg3108#msg3108 date=1408556384]
What if the issuing private key is compromised?
[/quote]
The same question could be asked of any asset owner. What answer do you expect to hear?
The idea is that it must not be. If anyone told you "we're 92.58% sure that it won't be", would you buy the asset?
[/quote]
I have no expectation of a particular answer but will do some research before I say more.
[quote author=weex link=topic=496.msg3113#msg3113 date=1408579374]
I have no expectation of a particular answer but will do some research before I say more.
[/quote]
Never mind, it wasn't really a question for anyone to answer.
I wanted to point out that aside from the usual disclaimer and a list of standard risks inherent to this type of crowdsale and business, no person who wants to raise funds will say that their procedures aren't secure. Of course they're trying their best in line with established security practices.
Unrelated to the topic of security, it sounds like you may be confusing burn-in with crowdsale.
I am not associated with STORJ, but I do own a small number of tokens they issued.
I'm aware of the crowdsale but what is the burn-in?
[quote author=weex link=topic=496.msg3117#msg3117 date=1408639343]
I'm aware of the crowdsale but what is the burn-in?
[/quote]
https://www.counterparty.co/resources/faqs/why-does-counterparty-use-proof-of-burn-to-issue-xcp/
https://www.counterparty.co/why-proof-of-burn/
The reason I mentioned this is because these funds aren't supposed to be used, unlike crowdsale proceeds which are.
Since the latter approach needs the funds, it's in the interest of address owner(s) not to lose access to the address and not to allow it to become known to third parties.
Thanks. I'll keep an eye on Storj.
[quote author=weex link=topic=496.msg3108#msg3108 date=1408556384]
Issiance is not locked but I have seen reference to 500M coins as a cap. It would be good to know how they plan to distribute the coins in the future. Is there a formula? Will it require human action? What if the issuing private key is compromised?
[/quote]
It's locked now and no more SJCX can be issued: http://blockscan.com/assetInfo.aspx?q=SJCX
Total: 500000000 shares