Re: [PRL] Oyster Pearl predictions

Quote from: stuffstuff on December 26, 2017, 08:42:51 PM

Quote from: yeapyngcn on December 26, 2017, 07:44:00 PM

Defo agree this is potentially a market disrupting technology and concept. However, can some explain the following question to me???

According to this article below:
https://blog.icoalert.com/ico-alert-report-oyster-ffda53924db6

The PRL coin is pegged to storage. I.e., 1 PRL buys you a 1GB storage on the pearl network for 1 year. So now if you look at cloud storage prices ranging from $0.1 to $0.24 for the same service, how can PRL price be at what it is at now??? For an end user, I can understand if they prefer anonymous distributed storage over say Google or Evernote services, but at a more than 100% premium???

Unless someone can explain this to me as I can easily be missing something out here, but if I'm not, then personally, I would value PRL realistically between $0.1 to $0.35, anything beyond this range represents trading opportunities given the fundamentals.

You're the 280th person to ask this in the last hour or so. https://www.reddit.com/r/oysterprotocol/comments/7lj71l/whitepaper_update_data_storage_will_now_scale/

Good to know that I'm not the only one asking!! As to me, this is crucial for the "true" valuation of PRL.

So if I understood the link you provided correctly, which I think I am, the reply indeed imply that 1 PRL = 1GB storage for 1 year. Although, you might be able to use 2 PRLs to either achieve 2GB for 1 year or 1GB for 2 year. Nonetheless, the valuation is still not changed, i.e., there is a natural limit of how much 1 PRL is worth given demand/supply of cloud storage in the market space.