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Would I store my own files on it, especially without GPG encryption? HELL no. Would it (overtime) save family + friends money? Absolutely. It would last at least a few years, however if normies knew a thing called compression, it would last decades with little effort. Keep in mind, family is rather large + I'd allow family of frens, frens of frens, and a few other people so it could have a few hundred people total
I'll have to sort the system out, and make it accessible to even tech-illiterates, but hey an alternative to Google Drive or iCloud would be AMAZING for everyone. I would do something like this for the Venith service too, but I know well it is hell to do something like that and essentially impossible as of this time unless if that too were private.
Family + Frens with Android phones (or who actually know how to use a computer) can just use FileZilla, but everyone else I'd have to make it accessible to use. 20TB sounds overkill, but remember that many people have hundreds of gigabytes of data on their current storage-providers. And then I'm saying many would be using it often, meaning not only would I need large-sizes, I'd need my own backups occasionally