Topic: [ANN]🔵🔵 OYSTER 🔵🔵 Anonymous Storage Generates Revenue for Websites - page 186. (Read 73403 times)

Dear Dev, I am a website owner, can I generate revenue from now if I install the code in my website. How do I get paid to my eth wallet? Does it send directly to my eth wallet? How much is per impression of eth that I can earn?

Please see this link: https://www.reddit.com/r/siacoin/comments/5vl5an/sia_storage_costs_016_per_tb_per_month/

The top comment of that thread:

You need to remember that if the price is too low, the storage maintainers are not being paid enough. Cloud storage companies are already saturating the price of reliable digital storage as low as it could go. They have access to all the bulk discounts of hard drives that Sia and Oyster don't have. Sia is now running on community altruism and excitement, not necessarily hard economic principles.

The advantage that Oyster has is that it is very easy to become a storage user (web interface like myetherwallet.com), and very easy to become a miner (website owners install one line of code). Sia requires custom software that runs natively in in the operating system for both storage users and miners (and blockchain coin miners that they need). Oyster has a stronger path of scalability as ease and accessibility of adoption is crucial.

If this is true then Sia, which is quite far along in development, is already 1/3 cheaper than undiscounted Oyster. Is this correct?

Any bounty?
I reserve fot Italian Translations

Your references to the cloud industry prices are calculated per month, 1 PRL is 1GB / 1 Year, so you should further divide the PRL price by 12. We are also offering heavy bonuses on our presale.

hi bruno correct me if i am wrong

the average price of data storage( amazon, microsoft, google etc ....) is about 20$/Terabyte or 0.02$/Gbyte

Sia coin is decentralized and the price is 10 time lower than the centralized concurence listed above

the ico price is 1 ETH=5000 PRL and at the current price (1 ETH= 300$), 1 PRL = 1 Gbyte = 0.06$

how your model can be sustainable at this price?

This is the introduction of the website:

Oyster enables websites to silently generate traffic revenue as visitors perform Proof of Work for a decentralized storage ledger

What is oyster ?

The DSR (Distributed Reputation System) is a way for storage users and web nodes to keep broker nodes in check. It’s kind of like eBay, broker nodes are the sellers and users/web nodes are the buyers. Broker nodes build their reputation by being honest, if they cheat it will exponentially damage their reputation and hence potential revenue in the future.

Therefore the system isn’t compromiseable, it’s simply a consensus layer for broker node reputation.

Hello Bruno,

The Oyster Protocol seems to rely heavily on the Distributed Reputation System for regulating behavior between nodes. Is there a possibility for the Distributed Reputation System to become compromised? Could this system be a potential target for malicious attacks?

The outrage that people had with the Showtime and TPB incidents exhibits the same pattern as to when Facebook does a major design overhaul, everyone gets outraged and starts a group demanding the changes are reverted. After one year, they can't even imagine wanting to go back to the old design. People aren't very good with change to things they aren't used to.

Right now the economy of the internet is broken. Wikipedia among others have to beg for donations, and news article sites are setting up subscription paywalls which causes them to lose traffic. The most well known example of a token that attempts to solve the issues of the digital advertising industry is BAT (Basic Attention Token). They designed their own browser called Brave, which rewards user attention to advertisements. The introduction of BAT is indicative that there is a problem with the internet economy, this has been their slogan. I argue that Oyster accomplishes the goals of BAT in a better way:

The first issue with BAT is the unrealistic expectation that any significant amount of users would ditch Google Chrome and it’s likes to install their own browser. It is highly more likely that a user will simply install ad block plus instead of switching to Brave. The second issue is that adverts are still distracting and invasive. They take up precious pixel space, often break the content and design continuity of websites, and are rarely politically neutral. Adverts must always be manually interpreted and approved for ethics compliance, therefore the system can never be fully decentralized.

With Oyster, the first adoption issue does not exist because website owners need only add one line of code without having to go through any registration nor approval. The Oyster network is completely decentralized so no one can block them from generating revenue. The second issue is also non-applicable because adding Oyster to a website does not show anything significant on the screen, therefore respecting the aesthetics and neutrality of the website.

People cannot have their cake and eat it too, good content takes energy and hence money to generate, and it takes money to host it online. They are going to have to face the reality of this sooner or later. Oyster arbitrates these tensions in a completely decentralized way. There are no legal issues because there is no Oyster corporation, and no one runs it nor can stop it. I'm only the protocol designer and lead developer, there is no CEO or board of trustees. In the early days parents would tell their children not to buy bitcoin because the government is going to get you and legal boogeymen. Now those same parents are buying Bitcoin at $4k.

It is not productive to succumb to the absurd government rulings concerning the internet. Consider the cookies law passed by the European Union. Now every major website looks silly with a ridiculous and annoying sign that asks permission to store cookies. These people don't understand how the internet works, it doesn't matter what they say.

Oyster encourages website owners to make it known to their users that their computational resources are being used to promote the website financially. Visitors can also elect to disable Oyster from running, but the website owners reserve the right to disable access to the content in that scenario. Oyster grants the opportunity to consume content without having to pay cumbersome subscriptions fees and watch annoying advertisements.

This is the direction the web as a whole is moving into: IoT micro transactions. Instead of paying $9.99 a month for reading articles, your CPU (which you payed for) performs a bit of work per article.

These days the phones in our pockets and the laptops in our bags are like supercomputers, they have an enormous amount of computational capabilities. People pay for them out of their pocket, and it is this expenditure that Oyster capitalizes on. The phones of 2017 have twice the computational power of 2015. If people don't want the 2017 phone to momentarily spend 50% of it's resources to contribute to a website which is benefiting them then people are simply being selfish and ignorant. The economic reality of resource scarcity will catch up to them eventually.

It means that once the network is live and retaining data (after the crowdsale), the value of PRL remains very stable and doesn't go down or up by huge factors. This means that the opportunity to use PRL as an investment vehicle is now, since buying it later will be the investment equivalent of buying a hard drive (it will remain very consistent in price). Investing in PRL now (especially with the presale) means you are buying a token that is intrinsically pegged to a commodity, but at a fraction of that commodity's price. This is a very strong formula for investors to make a huge profit whilst helping to jumpstart the network topology.

It's very different from other coins as it is a protocol-function to pump and dump the coin initially, as it will always calibrate to storage prices as long as the network is running. The initial pump gives initial value to PRL, so that it is coveted by website owners who react by installing the Oyster code on their website (to earn PRL). This in turn spawns web nodes that go treasure hunting, hence retaining the data on the Tangle. Whales can dump the coin afterwards all they want, it will always self-correct back to storage prices because 1 PRL = 1GB/1 Year. This rate is hardcoded in the protocol and cannot change. This is the reason that huge bonuses have been assigned to the presale.

I just wrote about this on the Oyster blog, please read it and refer to the volleyball analogy to understand what I'm explaining: https://medium.com/oysterprotocol/intrinsic-storage-pegged-value-447d970f6d69

Another question. If 1 PRL = 1 GB/year of data storage, does it mean that an increase in the value of PRL becomes undesirable?

Hi Devs

I really like what oyster is doing concerning the use of CPU power to help cover site costs, as well as actually 'charging' those who visit websites. In terms of a democratic contribution to keeping site owners paid, it's brilliant. However, wasn't this the same thing that showtime and The Pirate Bay were doing? How legal is it to run scripts like this?

All I saw was reactionary outrage, but very little fact based discussion. Where does the Oyster team stand on this issue?

Thanks!

Yes there are several proof of concept demonstrations being worked on like exchange negotiation via tangle, data map generation, broker node candle sequence etc.

For now people can read the whitepaper and ask me about anything that they may not understand.

thats nice to see hear mate more attracting information with considerable and easy to understand conceptualize updates would help the project
to gather much attentions, i'm looking forward to see more people here after your updates those who will gather the attention and take some time to
assess this project too.

Thanks for your comments. Yes more material is being worked on, specifically a live proof of concept demo that illustrates the web node negotiation procedure. The demo explains the procedure in a simple way whilst performing actual GPU based Proof of Work on the Tangle.

NOTICE: All presales have concluded. All PREPRL tokens have been matched with the final PRL token.

Thanks for your answer. This kind of development flexibility installs more confidence in the longevity of your project. Saying that, I'm personally quite heavily invested in IOTA so nothing would make me happier than their success. I will be following your project closely and wish you all the best!