A lot of people are excited about a company called Storj. To some, Storj represents the “next-level shit” that bitcoin enthusiasts have been awaiting for years.

In a nutshell, Storj promises cloud storage that’s between 10-100x cheaper than Dropbox or Google Drive, and that’s 100% secure, encrypted, and decentralized. Which means that your files can’t be subpoenaed or viewed by anyone else but you.

But what’s really exciting and smells like “the future” is the fact that individuals will soon be able to rent out their spare hard drive space to Storj to make money. Think about it – since the data is encrypted, there’s no worry about having it peppered across hundreds of stranger’s hard drives. It also adds a layer of redundancy, so your files can never be “lost” or “deleted”.

If you want to dive deep into the details, this thread on the Bitcoin Forum is where all the action is happening.

Pretty cool stuff. Let’s hope Storj can meet everyone’s expectations.