Post
Topic
Board Announcements (Altcoins)
Re: Introducing Storecoin zero-fee payments and p2p cloud computing platform
by
storecoindev
on 17/07/2019, 17:33:04 UTC
how will you decide the worth of collected data? Why 1 MB = 1 Datacoin?

I think that it depends on demand and rarity, online availability and accessibility and data licensing market value.


This is correct. While 1MB of data = 1datacoin, the *price* of datacoin varies from one app to another. In addition, if an app exposes different *classes* of data (similar to say, https://www.experian.com/assets/data-university/brochures/ems-list-services-catalog.pdf) and the buyer wants a *specific* class of data, the price may be different than 1 datacoin for every MB of data. Apps determine how their data is valued and set the price accordingly. 1MB = 1 datacoin holds true if you buy firehose of data from a given app.

- Storecoindev.