> if they are selling 1TB of storage, shouldn't we get 1TB of storage?
You do, they're just not allowing you to store it in 24 hours. Some services (Backblaze, if I recall) allow you to ship a drive to get around this limitation.
Notice that all services do this? If you can do better, build one! Prepare to go broke from the peak bandwidth requirements you'll need to build your networking architecture to support such transfer rates, but I always encourage experimentation and learning lessons over complaints.
That ZOMG WHAT A DEAL! of a plan is kinda worthless...
"Slam" is a bit of a loaded word, since... if they are selling 1TB of storage, shouldn't we get 1TB of storage?
That's the same crap that ISP's tried to pull with UNLIMITED INTERNET!!! (as long as you stay under 30gb per month)