I understand. And I wouldn't say no consequences. I myself host every image I post here on it and plan to be here a long time. I am, and will be, heavily investing my time and energy here. If I were to 'Pull The Plug' on this I don't think I would do very well anymore... Hated would more be the word. I defiantly do not want that to happen!
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@valentinjesse. Very True on that first part, sorry I missed this comment earlier.
I won't be monetizing the site per say. I will use steem earned via posts about the service here in order to pay for server costs. I will defiantly need to scale and if the site catches on quickly. Hopefully the steem earned from the posts will cover these costs for the site to allow more and more images to be hosted. Now if it comes time where I am running close to the end of my funding and new posts aren't getting any support... I will discontinue uploads and just maintain the hosted images. I will be keeping a very close eye on this and be prepared if I think this might happen. At that point I mould reallocate my server to be better suited to just display and keep images. This I could maintain for quite some time without issue.
At that point maybe on blockchain images would exist.... I wonder...
I just had a very interesting thought. I will get back to everyone on that.
Blue, can you pay off the hosting company for 10 years in advance or something and even if you bail out, the worst that can happen is space will run out and ppl won't be able to add more pictures.
Would that build more trust in the service @valentinjesse?
@anduweb I have websites that I've hosted for over 12 years and yes I could get a dedicated high end server and get it set up for 10 years.
However, I know you guys don't know me in real life, but they only way I wouldn't continue to host the site is (atleast all images currently hosted):
if I died suddenly and the person I have set up in my will to continue running my servers (Yes I do have this person - Because I own A LOT of servers and websites, trust me) also died without enough time to set up someone to continue for him
Sorry a bit morbid and... Knock on Wood
@anduweb - Nope, you can't pay for 10 years in advance, because you cannot predict the rate of adoption of the service. If all of a sudden thousands or hundreds of thousands of users would start storing their images into steemimg, it would go over the quota and useless very fast. In the case of a dedicated high end server it would be the same. You need to scale, otherwise your business dies. There's a reason for why Imgur needed 40M in funding. Secondly, how do you monetize the business ? There are countless of issues
Blue, knock on wood indeed! I know what you are saying. The thing is, people need some sort of proof that the system will be working. Not always our word (or resume) is enough unfortunately :(