I still do not understand how the price for file storage will be set. The team will decide?
I'm sorry, bro, I do not understand this myself. I am confident that the cost will be acceptable. Otherwise, it makes no sense to create all this.
There should be a mechanism for changing the cost of storage. Most likely by voting Cold Stakers.
The amount of storage available per CLO is determined using the Bancor
algorithm that maintains a Constant Reserve Ratio (CRR) of 10. A CRR means that the storage will never be completely consumed, as the price (locked CLO per megabyte) will rise as free capacity shrinks.
Price = Balance / (Supply * CRR)
Where:
● Balance is the total amount of storage consumed
● Supply is the total amount of storage the host-nodes physically have
● CCR is the constant (10 in EOS and CLO)
is the constant (10 in EOS and CLO), is that typo or what, this formula is not so clear specially if you are a newbie when in comes of crypto marketing. This is the first time I encounter this Price theory.