I dont understand exactly, is the price going to be fixed as usdt is?
It won't be fixed but 1PRL will be pegged to amount of storage. The announcement says at a minimum 1PRL=64gb/year. Comparing that to the cost of other data storage services with PRL at $1 it is definitely undervalued. This number is also not fixed it will increase over time.
Yeah and Bruno has said he believes 1PRL=512gb/year is achievable. If this happens the value is huge.
The best way to determine the potential PRL value is to compare it to current solutions. Let's compare it to Dropbox (traditional provider) and storj (decentralized storage).
Dropbox (source - https://www.dropbox.com/plans?trigger=nr)
1 TB for individuals = ~100 USD per year.
Thus, 512GB (Oyster) is equivalent to ~ 50 USD per year
Storj (source - https://storj.io/pricing.html)
0.015 USD per month per GB => 512GB = ~ 90 USD per year
Please note that I did not include the bandwidth costs. Based on your activity, the calculated price for full service is going to be bigger.
Even with 64GB/1year/1PRL, we get a surprisingly good expected token price at 6 USD if compared directly to Dropbox or 11 USD if compared to storj.
Feel free to fix my calculations if I made a mistake.
Very nice calculations and comparison. I was actually hoping someone was going to explain how the pricing will work there:D. So you can see what value Oyster can come to. But i think even if the price rises, they will think of something, and lower 64GB/1PRL to something like (you said?) 512GB/PRL (if the PRL price is high).
Actually when the price of other providers will go up, Oyster value is likely to go up too. And yes, GB/PRL will rise as the project grows (perhaps 64GB -> 128GB ... moon :-) ).
Hopefeully but the idea of this is to reduce PRL volatility.
I.e. 75% value generated from ability to store, 25% speculative on PRL
Compared to 100% speculative
Yes, I like the PRL idea and technology. Even if it stayed at 64GB/1PRL, it will be at least x10 from current price (and x100+ from ICO as far as I remember .. 0.06USD/PRL at ICO?).
