//Oyster PRL

Oyster PRL

In good spirits and excitement, I figured I would share a little bit of information and speculation from over in /r/oyster that some of you might appreciate. I know most of you have probably heard of PRL and while maybe it didn’t interest you initially, I would highly recommend that maybe you take another look. Especially with mainnet and an airdrop of its mesh net token, SHL this next month.For the uninitiated, each PRL is going to be pegged to a certain amount of data storage (consistently increasing over time through the use of a smart contract to combat cheaper data storage in the future and secure it is an appreciating “asset”) ranging from a minimum of 64 gigabytes to some potentially much higher initial value. One PRL token will give the owner the ability to store the pegged amount of data on IOTA’s tangle (decentralized, secure and anonymously) for an entire year. This would obviously be an alternative to Dropbox and other online web storage services and you can make the calculations for yourself as to what the intrinsic value of each token could range between, as I don’t want this to be monetary focused but rather implicative of potential usecase and transformation of crypto markets as the project improves and continues to deploy. Here is a post I made in /r/oyster a few days ago which really opened my eyes to how beneficial PRL could be to cryptocurrency as a whole, since we will have a more stable, secure and trusted market.I have been posting a lot lately, probably too much, but I was thinking that when PRL gets pegged to Gigabytes of storage, the price will likely stabilize. Market value of storage will stay pretty consistent and it seems PRL could be the new Tether. With the ability to buy and sell straight to fiat, this could really help decouple alts from Bitcoin. Maybe offer more liquidity to the market and more confidence. Just sharing my thoughts!This was the response that I received from one of the Oyster community managers, (if someone could comment instructing me on how to link their username that would be great because I don’t know if I did it right) courtesy of u/MrRedPanda”You are summing up exactly what Oyster PRL is aiming to be. The free market will decide what the actual value of decentralized anonymous storage will be – however, with a peg the market will drive to an equilibrium, becoming a stable safe asset. (You could compare it to tether, but truly decentralized and not backed by centralized $ and you not have to rely on somebody handing you out e.g. $ – which they could simply deny)Bruno Block, 16.12.17:Anybody let me know if there is any coin out there that is both completely decentralized and pegged to something tangible (like data storage for PRL). I’m quite sure that Oyster is the first to accomplish this.All other tethers are centralized since they require a reserve and some ‘trusted’ party to enforce the peg. This obviously has a lot of counter-party risk and is not decentralized. This is even how scamcoin USD started out, claiming to be pegged to gold. Then one day oops, no more peg!If I invent honeycoin and say that I have 1m jars of honey at my house, and each honeycoin represents a jar and can be redeemed at anytime, there are obvious risks with regards to me managing the honey.Something from myself out of our telegram main chat, 06.03.18:And more data stored on the tangle with Oyster PRLs mean more PRLs can be claimed by web nodes. Those website owners can either sell the PRLs for ad revenue to users which want e.g. use them for storage, keep them or use them themselves for storage (and then those can be claimed again by web nodes) – the cycle continues. A closed ecosystem, where the token as a usecase, pegged to a certain amount of storage and can be claimed by website owners for doing the PoW that keeps the files reattached on the tangle for the year. This way Oyster PRL will calibrate most likely to an equilibrium, making it a truly decentralized safe asset. (Similar to tether, but backed by decentralized storage and not centralized $)”I am not an expert and I am sure that I have left you with more questions than answers but I figured I would spread some awareness on a potential “safehaven” for the next recession/dip/crash that we find ourselves in. If Bitcoin is having a bad day, it is unlikely that anonymous online data storage just got 50% cheaper and we will have the ability to lock our value into something tangible and backed by a service. Less volatility, more security and less speculative utility and value, is something we could all use a bit more of around here. I have linked the URL’s to both whitepapers so that you can easily access the true source of greater information and look into it yourselves.*DISCLAIMER* PRL is also in a huge pump and while I cannot read the market because I dropped my crystal ball off a deer stand, I would recommend that you learn what you can now, and if interested, skip FOMO and purchase at another time.Pearl Whitepaper https://ift.tt/2uA4sy7 Whitepaper https://ift.tt/2Fhh66Q

In good spirits and excitement, I figured I would share a little bit of information and speculation from over in /r/oyster that some of you might appreciate. I know most of you have probably heard of PRL and while maybe it didn't interest you initially, I would highly recommend that maybe you take another look. Especially with mainnet and an airdrop of its mesh net token, SHL this next month.

For the uninitiated, each PRL is going to be pegged to a certain amount of data storage (consistently increasing over time through the use of a smart contract to combat cheaper data storage in the future and secure it is an appreciating "asset") ranging from a minimum of 64 gigabytes to some potentially much higher initial value. One PRL token will give the owner the ability to store the pegged amount of data on IOTA's tangle (decentralized, secure and anonymously) for an entire year. This would obviously be an alternative to Dropbox and other online web storage services and you can make the calculations for yourself as to what the intrinsic value of each token could range between, as I don't want this to be monetary focused but rather implicative of potential usecase and transformation of crypto markets as the project improves and continues to deploy. Here is a post I made in /r/oyster a few days ago which really opened my eyes to how beneficial PRL could be to cryptocurrency as a whole, since we will have a more stable, secure and trusted market.

I have been posting a lot lately, probably too much, but I was thinking that when PRL gets pegged to Gigabytes of storage, the price will likely stabilize. Market value of storage will stay pretty consistent and it seems PRL could be the new Tether. With the ability to buy and sell straight to fiat, this could really help decouple alts from Bitcoin. Maybe offer more liquidity to the market and more confidence. Just sharing my thoughts!

This was the response that I received from one of the Oyster community managers, (if someone could comment instructing me on how to link their username that would be great because I don't know if I did it right) courtesy of u/MrRedPanda

"You are summing up exactly what Oyster PRL is aiming to be. The free market will decide what the actual value of decentralized anonymous storage will be – however, with a peg the market will drive to an equilibrium, becoming a stable safe asset. (You could compare it to tether, but truly decentralized and not backed by centralized $ and you not have to rely on somebody handing you out e.g. $ – which they could simply deny)

Bruno Block, 16.12.17:

Anybody let me know if there is any coin out there that is both completely decentralized and pegged to something tangible (like data storage for PRL). I’m quite sure that Oyster is the first to accomplish this.

All other tethers are centralized since they require a reserve and some ‘trusted’ party to enforce the peg. This obviously has a lot of counter-party risk and is not decentralized. This is even how scamcoin USD started out, claiming to be pegged to gold. Then one day oops, no more peg!

If I invent honeycoin and say that I have 1m jars of honey at my house, and each honeycoin represents a jar and can be redeemed at anytime, there are obvious risks with regards to me managing the honey.

Something from myself out of our telegram main chat, 06.03.18:

And more data stored on the tangle with Oyster PRLs mean more PRLs can be claimed by web nodes. Those website owners can either sell the PRLs for ad revenue to users which want e.g. use them for storage, keep them or use them themselves for storage (and then those can be claimed again by web nodes) – the cycle continues. A closed ecosystem, where the token as a usecase, pegged to a certain amount of storage and can be claimed by website owners for doing the PoW that keeps the files reattached on the tangle for the year. This way Oyster PRL will calibrate most likely to an equilibrium, making it a truly decentralized safe asset. (Similar to tether, but backed by decentralized storage and not centralized $)"

I am not an expert and I am sure that I have left you with more questions than answers but I figured I would spread some awareness on a potential "safehaven" for the next recession/dip/crash that we find ourselves in. If Bitcoin is having a bad day, it is unlikely that anonymous online data storage just got 50% cheaper and we will have the ability to lock our value into something tangible and backed by a service. Less volatility, more security and less speculative utility and value, is something we could all use a bit more of around here. I have linked the URL's to both whitepapers so that you can easily access the true source of greater information and look into it yourselves.

*DISCLAIMER* PRL is also in a huge pump and while I cannot read the market because I dropped my crystal ball off a deer stand, I would recommend that you learn what you can now, and if interested, skip FOMO and purchase at another time.

Pearl Whitepaper https://oyster.ws/OysterWhitepaper.pdf

Shell Whitepaper https://oyster.ws/ShellWhitepaper.pdf