Their price of 3TB lifetime cloud storage has gone to 98% sale. I am wondering if they are going bankrupt; or what?

https://shop.dailycaller.com/sales/degoo-premium-lifetime-3tb-backup-plan?utm_source=dailycaller.com&utm_medium=referral&utm_campaign=degoo-premium-lifetime-3tb-backup-plan&utm_term=scsf-275806&utm_content=a0x1a000003bHim&scsonar=1

The 2TB lifetime subscription has also gone from 1200 to 60$.


it doesn't look healthy.

what do you guys think?

They took a half-million US in venture capital 12 months ago. It appera to me they perhaps couldn't get a repeat of that and are looking to meet cashflow needs. No serious reviews despite years in existence, either. Want to trust your backups to them? Have fun! I'd take that $60 and just pay for a year of Backblaze, myself.

Ditto

Thanks for the heads up on Backblaze; we've been using Livedrive but Backblaze looks serious and very competitive.

Re lifetime licenses via sites such as Appsumo and the like, my understanding is that they are a way for startups to quickly get (a) cash and (b) a broad user base. As they develop further, the cost for sustaining these early adopters should be quite marginal--see Rifkin's Zero Marginal Cost Society.

I've got some really good deals this way, such as bargain lifetime subscription to Brain.fm, which I find really useful. Sure, I understand that "lifetime" refers to the product/company, not to the user, as the former is more likely to perish first. But the risk is there even for mature products backed by real money, sometimes even more so; see my relevant rant here http://www.outlinersoftware.com/topics/viewt/5164/0/the-cloud-shooting-itself-on-the-foot-dispatchiocc-and-docom

satis wrote:

Want to trust your backups to them? Have fun! I'd take that $60 and just
pay for a year of Backblaze, myself.

I don't think it's necessarily Degoo going going gone. Can get several gigs free storage from many free cloud or email accounts easily nowadays. Ten or fifteen years ago that was huge, now it's nothing special. Three TB will not be as huge as it might seem now. New massive storage devices & super fast fiber optic connections are constantly under R&D by various companies. There's already a 2TB SD card prototype, might hit the actual market by the end of decade.

PR and word of mouth can be priceless. Plus merely talking about it as in this thread: Warhol said, doesn't matter if they say bad things about me, as long as they keep talking, any publicity is good publicity.

New massive
storage devices & super fast fiber optic connections are constantly
under R&D by various companies.

But the per capacity is the same as 5 years ago. That has hurt lots of companies who had a sinking hardware cost calculation in their business plan.
(like my company did :-( ).

Lothar Scholz wrote:

New massive
>storage devices & super fast fiber optic connections are constantly
>under R&D by various companies.

But the per capacity is the same as 5 years ago. That has hurt lots of
companies who had a sinking hardware cost calculation in their business
plan.
(like my company did :-( ).

I think the Degoo price is what they spend on a 3TB drive, as they buy in bulk too, and just track it up in a raid. It's not unrealistic, just building up client base, like shareware, as many clever firms always do.

As to the current quagmire or progress bottleneck in storage capacity/price, it is due to the limitations of spinning disc mechanisms. It's ancient and reached its envelopes for cost, performance & capacity at around 10TB. Like a CD or floppy disk, it's basically a phonograph or vinyl record idea. Currently R&D is into everything from crystals to even biologic memory holders and lots more.

Realistically though, the next phase is cheaper and larger SSD drives. I can't imagine using a bootup drive not being SSD these days, twenty something seconds versus a minute or two not to mention slower performance too for caching & programs & data.

15TB SSD is already on the market for just over $10K. Toshiba and Samsung have been talking of their secret 128TB SSD drive prototypes. But once again to be realistic for the next few years, would be looking at multi TB SSD drives for multi hundred dollars. Once it happens, and it will, slower spinning drives are history. The question is how soon.

And once the cheap mass manufacture tech for large capacity SSD chips is cracked, others join in & the cycle begins again, capacity goes up & price drops. Until the next big thing.

FYI I looked into this a bit more but forgot to write about it. Turns out Degoo is a P2P backup solution, it takes slices of your computer's time for processing and older, now-deleted reviews claimed at one point the software was using user computers for bitcoin-mining.

Two months later, that Stacksocial deal for Degoo is STILL in effect ($60/2Tb, $65/3Tb), and the site itself is still hawking 2Tb for $119/year.

Doesn't smell right to me.

satis wrote:

reviews claimed at one point
the software was using user computers for bitcoin-mining.

their help page also talks about mining: http://support.degoo.com/customer/portal/articles/1424816-what-does-sharing-unused-processor-time-mean-

Ugh.