Comment on Are "Lifetime" Cloud Storage Plans scams?

Kelly@lemmy.world ⁨6⁩ ⁨days⁩ ago

There are on going cost with running the service so if new customers stopped signing up they would go broke when they run out of money. (i.e. like a ponzi scheme)

Unless they invest your seed capital and pay for your services from growth. This would work when times are good, but could fall apart during any significant financial crisis.

The current offer for the named service is asking for us$800 for 1TB, if they followed the 5% rule that would leave them with us$40 per year to provide the service.

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