i reached out to oyster tech telegram and managed to get bruno, really appreciate it since hes the CEO and head architect.
my message to him:
hi Bruno, I have some questions for the developers / people running the oyster project. I think you missed this from the chat, id appreciate it if you could answer these questions i have, the reddit sub I think would find it interesting.
I read the white paper and was sold on the web monetisation to remove ads.
- However, I see data storage as being required to provide funding into the system, so that web owners are paid. or am i mistaken?
- With the data storage, it evaporates after a year, so even if its cheaper than google drive etc, why would i want to use data that evaporates after a year?
- The project roadmap has web hosting on the tangle as part of the project road map for 2018. This raised eyebrows for me, as a dev i've use Azure and AWS. the services provided there are quite rich. everything is centralised so there are no issues with latency with grabbing data from your storage. How can oyster compete with AWS and Azure, i get the feeling that the sites that will / if be hosted on oyster will be relegated to sites that are not very rich in functionality. I run a Product as a Service site (PaaS) which is built on Infrastructure as a Service (IaaS) site on azure, with this service I don’t need to worry about maintiang a server, resources are provided as required. thats just some of the services provided. I dont see how oyster can compete with that. even if it is cheaper without the services. I wouldn't bother, because im a dev, i dont want to have to sort out difficult problems with hosting, i need it to be simple so i can focus on coding. Azure gives me this.
- Following on from the above point, webhosting on the tangle implies using the data stored on the tangle (or am i mistaken?) what about issues with latency here, if your data is spread throughout the tangle, it will be slow. What if i want to run a database, will oyster support this?
- Again with the data storage, i saw a price comparison between google drive and similar services. oyster was much cheaper in theory, we shall see when there is a working product.
- I may be mistaken here, but it seems like oyster is trying to solve too many problems at once. why not just stick to web monetisation without the data storage and web hosting? or does it all fit together somehow. Thanks
- Something I call a fragile loop. A time sensitive loop iterates indefinately, if a cycle of the loop is late by xyz milliseconds the PoW is scaled back. The loop itself might be rendering graphics or performing very light calculations etc, so that it can get affected by a fully loaded browser.
- Yes, PRL that is paid as storage eventually reaches broker nodes and website owners at around a 55:45 rate. SHL is different, the vast majority of the revenue stream is earned by website owners. SHL revenue comes from people paying for connectivity.
- Data has an increased risk of evaporating after whatever amount of years you choose. You could choose 10 years of guaranteed storage, and after that the data will still persist but overtime the risk of it getting purged increases. So you could pay for 5 years and in actuality the data expires in 8 years. You can also extend the guaranteed lifespan of data by sending PRL to the buried addresses, the intelligent wrapper will be useful for managing this. It’s a given that data must eventually expire off of a storage platform if payments are no longer coming in, this is true of dropbox etc.
- I’ve never made the case that Oyster will be cheaper, in fact I expect it to carry a premium over centralized solutions. Don’t get fooled by the tongue-in-cheek infographic floating around that is belittling the current market evaluation. Oyster will deliver an entire ecosystem that enables data hosting/data transmission/revenue generation, all the things you mentioned about Azure/AWS are applicable to Oyster. It scales ‘instances’ up/down automatically without requiring interpretation of the dev, latency bottlenecks will be your NIC. It wont be delivered overnight but it’s part of the planned ecosystem, so I’m not sure what advantages you think AWS/Azure have afterall. Wait for them to shutdown your account for TOS violation or your bank screws up a payment, then you’ll see why it’s better to migrate all of these features to a decentralized platform. I remember someone lost a lot of important data on digital ocean because of a billing error: https://murze.be/today-digitalocean-lost-our-entire-server along with another incident.
- tangle storage is best for long term static storage, like serving videos etc. I’m not sure why you expect the latency to be slow. Oyster will support databases, it it will probably work like using the tangle for the HDD and the meshnet for RAM/CPU.
- wink wink the market is irrational
- The data storage part is needed for the web monetization to work, so web hosting capabilities exist anyways. The entire ecosystem will come full circle until it doesn’t depend on third parties like centralized ISPs.
So I've been monitoring oyster for a while and witnessed the massive gains in the past week.
The project seems promising and im waiting for a good time to enter into a position. Would it be correct to assune there will be a pullback on the price or PRL in the coming week, before seeing a rise again due to main net launch and airdrop coming in the next month?
Im gonna go a different route and compare this to another coin which had an airdrop and was probably much less hyped and had less potential than PRL has right now. Nxt had an ignis airdrop and before it was dropped it made a huge jump from around 100M market cap to about a 2B marketcap at its peak. PRL is hovering around the same 100M marketcap right now and i predict it will at least match that of NXT before the SHL airdrop. Lets also not forget that NXT crashed right after the airdrop because it was useless afterwards. PRL will still have a use and wont see a similar crash in my opinion. So, a 2B marketcap would put the price of PRL around $28 before the airdrop. Just my 2 cents :) . not meant to FOMO just comparing this to a similar situation and PRL is probably a way better coin than NXT at this point.]
*side note: NXT made its run during a bull market so we will see how PRL fares