PRL storage peg at $6 worth of storage initially

[Anonymous No.7069247]

Bruno just confirmed, PRL will be pegged to 64GB per year initially, and will be increased in the future.

PRL is like 1.10 now.

Do the math.

https://medium.com/oysterprotocol/how-prl-pricing-will-work-in-the-future-d67c4f231386

[Anonymous No.7069287]

I am done trying to shill this to biztards, dont bother.

[Anonymous No.7069324]

Already loaded up

[Anonymous No.7069466]

Stop your shit now and just buy BZC

[Anonymous No.7069562]

Nothing to stop them from unilaterally changing the peg later on "in the interest of securing the long-term economic viability of the platform" or some other such jewish sophistry

[Anonymous No.7069655]

They will lock the increase in the smart contract once they have a better idea. Then no one can fuck with it.

[Anonymous No.7069674]

So 15 PRL/TB of cloud storage. At current prices, already $17 per TB. That’s hella expensive.

[Anonymous No.7069705]

>>7069247
>64GB
for those too lazy

Current cloud storage prices on the largest cloud storage providers (Google cloud, amazon web services and microsoft azure) offer storage at around $0.02/GB per month.

A quick calculation of the value of 1PRL at this valuation is as follows:

$0.02 X 12months X 64GB = $15.36

[Anonymous No.7069730]

>>7069287
don't bother
>>7069674
it's not cloud storage, it's fully decentralized encrypted storage.

[Anonymous No.7070347]

>>7069247
Can someone explain what was with the sudden growth of this shitcoin to $4 +
Followed by a nasty crash all the way down to $1

Was that just the bull market? Or did people realize this project won't make it? I mean other coins didn't get hit this hard, so what happened. Curious

[Anonymous No.7070422]

>>7070347
This was during the massive crash and BCD P&D on KuCoin.

[Anonymous No.7071093]

>>7069247
>https://medium.com/oysterprotocol/how-prl-pricing-will-work-in-the-future-d67c4f231386
So I can store 64GB of data for 1.10?

This is a no-brainer, gonna load up

[Anonymous No.7071303]

>>7069247
>>7069287

After reading the whitepaper, PRl is a no brainer.
Hell storage isn't even the great part of PRL.

PRl can be embedded on websites to confirm transactions on the IOTA chain and generating profit by this. Which means -> NO MORE FUCKING ADVERTISEMENT ON WEBSITES!
instead you have 0.001% CPU load.

This baby is gonna make me so rich, The <1$ dip was a bless.

[Anonymous No.7071307]

>>7070347
December + January crash and P&D and people who sold at the top

[Anonymous No.7071380]

>>7071303
It is a no brainer, the team is a bunch of geniuses as well, FeelsGoodMan.

[Anonymous No.7071549]

>>7071380
Well, not only PRL.
Every peak we had in DEC/JAN is a forecast what we will have as a base in the next 6-12 months.

let the normies pump it up, oh boyyyyyy great times ahead

[Anonymous No.7071587]

>>7071549
Yep, not even worried

[Anonymous No.7071721]

>>7071587
Hope you didn't go all in with this coin
pro tip : There are 100 projects with geniuses on the team. And with more hype and shilling going on with them, more marketing.

I can understand having some PRL as a side coin, but definitely not my main bet.

[Anonymous No.7071964]

Price is down right now because few shit eating fagots day trading on the low making pennies over dollars they would make in few month from now
>there was even people selling out their 200k+ for $3-4 last week
>Selling for $3 something that $15
>true biz daytraders lmao

[Anonymous No.7072776]

>>7071721
Not all in due to locked up funds in other coins.
But all in with what I had left to spare.

[Anonymous No.7073002]

>>7071721
mainly in ICX and AXP, but I feel bullish on PRL

[Anonymous No.7073066]

>>7069562
Once the peg is in place it'll be there forever.
They can fork it, but never shut it down.
You should know that by now.

Problem is they'll probably crash the fuck out of the tangle, it's not ready to handle that much volume

[Anonymous No.7073121]

>>7070347
the project is ambitious and risky
so with crash money went back into 'safe' coins
it's dumb as fuck, but it's human.

[Anonymous No.7073187]

>>7073066
I heard that it expands with the more traffic or am I wrong, just how the tangle works.

[Anonymous No.7073218]

>>7069287
> "PRL is a shitcoin, look how far it's dropped! I'm not buying unless the coin is already mooning."

Biz mentality, stay poor retards. Literally the lowest buy-in for PRL right now with a major event around the corner.

[Anonymous No.7073226]

>>7073066
FUD
>>7073121
FUD
>>7073187
Correct

[Anonymous No.7073248]

I'm in! Strapped up for our moon mission!

[Anonymous No.7073721]

>>7069247
If I understand it correctly, the dollar value of 1 PRL will decrease over time due to the decreasing dollar price of 1 GB of storage. So the token holder should sell their coins and don’t hold it for years?

[Anonymous No.7073910]

>>7073721
Again and again and again.
The Value per PRL is written in a smart contract.

Also, there is a ton of value in PRL by confirming IOTA transaction in the background of websites, creating a income stream for hosters. Which means virus ridden spam advertisement isn't necessary anymore.

Even better than cheap storage space

[Anonymous No.7073967]

>>7071303
Lol why wouldn't they just keep running ads + prl mining scripts? Do they hate money?

I swear, you god damn dirty pajeets don't have two brain cells to share between the lot of you.

[Anonymous No.7074150]

>>7073967
People will start a shitstorm if websites are still using fucking advertisement.
+ there are more factors coming to play.

I can't be mad with you since you fucking street shitting pajeet can't bring up the reading skills to comprehent some whitepaper.

Now fuck off and spam some bazinga shit.

[Anonymous No.7074645]

>>7069705
If true, i will be a millionaire.

[Anonymous No.7074715]

>>7074645
This doesn't take in the fact it is also decentralized, encrypted and private.

[Anonymous No.7074770]

>>7074715
Which is basically a mega.nz that can't be shut down by the goverment if some whistleblower stuff get's released.

[Anonymous No.7074812]

>>7074770
Yeah, hence why Bruno remains anonymous, FeelsGoodMan.

[Anonymous No.7074854]

>>7074715

Guess i'm holding this shit 'till may.
What do you guys reckon will happen once it's pegged? At PRL they just say: this is the price from now on, and the market will follow? Or am I missing something?

Or will we get months of speculation before the pegged price where everyone is trying to get in below peg and make a quick buck?

>>7074770

Damn nice. I should buy more PRL, havent even considered this.

[Anonymous No.7074867]

>>7074645
bet you the same anon who dumped 200k and crashed PRL at $4 and still holding 70k

[Anonymous No.7074922]

>>7074854
The theory on what the storage is actually worth, people will catchup and hit a floor, the price being dynamic means it can scale up and will be immune to crashes somewhat. That's how I understand it anyway, might be wrong.

[Anonymous No.7074936]

>>7074867
Haha. I am. Hi.
I don't think I crashed the market.
I sold about 78k prl in small portions, to prevent fucking up the market, and still hold 77k.

[Anonymous No.7074951]

>>7074867
HE CANT KEEP GETTING AWAY WITH THIS!

[Anonymous No.7075003]

>>7074812
It's going to host a lot of kiddie fiddling, of course he's anonymous

[Anonymous No.7075026]

>>7075003
Haha, thats what everyone said on the telegram, so uhhhh yeah, he has to.

[Anonymous No.7075293]

>>7074951
that's fellow /biz anon for you lol that's why I don't post on /biz anything anymore, bunch of back stabbing faggots like that
>fuck them all really - if you DYOR and believe in project you KNOW the future price and HODL laughing at these fools

[Anonymous No.7075780]

>>7075293
haha jesus anon, relax. It's only crypto.
I sold half my stack. You hold everything you got. Different strategies and whose to say which one will be the most successful.

I cut my risk by taking profit earlier. And if everything goes well you will have way more gains, but if something happens to the project you are fucked and lose everything.

Hope you make it. But stop being such a salty bitch my dude.

[Anonymous No.7075968]

>>7075780
>fooled anons into ATH to buy his bags
>crashed market from $4 to $1
>calls anons salty
that audacity anon

[Anonymous No.7076028]

>>7075780
strategic anon detected
Can't hate on that

[Anonymous No.7076040]

>>7075968
>>7075780
My brothers, chill. We all have our own strategies and still hold PRL and believe, big things are coming.

[Anonymous No.7076092]

>>7075968

lol, this guy.

[Anonymous No.7076142]

>>7070347
Combination of jan rally and people selling upon beta release selling the news. Thats what I did at least

[Anonymous No.7076147]

>>7076028
>shitty tactics can't be part of good strategy anon

[Anonymous No.7076374]

Am I the only anon genuinely excited about this project beyond profits? This is a mini version of Eths and XLM for me. You know you buy a good project when you can buy and hodl without checking everyday.

I absolutely love the idea of decentralized storage and I like the way PRL is going about it. 2k PRL Hodler here. Bought 500 at 3 dollars, saw the correction was starting. Sold half at 2.3 and I have been accumulating ever since at around the 1 dollar mark.

Brainlets with little imagination can't think of the impact the pearl protocol will have on the web.

>2019
>PRL protocol is live and well
>Mass adopted by every cash starved porn site
>mass adopted by every cash started clickbait publication and independent content creator.
>Long gone are the days where you had to trust amazon to hold your data.
>Any important document that needs to be immutable is uploaded using the PRL protocol.
>Wills, pirated music, eBooks, pirated games, anything of value is uploaded to the decentralized cloud storage with PRL.
>No sign up required, always on

[Anonymous No.7076419]

>>7076374
If executed properly, this could be a multi-billion dollar project, I definitely see the potential like some other people do, it may change how we use the web.

[Anonymous No.7076576]

>>7076419
>>7076374

ok, you seem like bright fellows.
aren't you worried about the ternary chips supposedly coming this year.
they'll probably be late, but since they'll make pow trivial (necessary for iotas implementation in the iot), what will be the point of prl?

i love the concept, but this is a concern,
and bruno handwaved it in telegram

[Anonymous No.7076618]

>>7076419

Yes everything depends on how the team delivers. With that said I have gotten a lot more optimistic since the last couple of medium articles about the new Engineers (including Microsoft veterans now working on the protocol).

I like the roadmap too. Maybe it is a bit too rush but this is crypto and projects need to go live as fast as possible to gain first mover advantage.

[Anonymous No.7076657]

>>7076576
>ternary chips supposedly coming this year.
they'll probably be late, but since they'll make pow trivial (necessary for iotas implementation in the iot), what will be the point of prl?

wuht ?

[Anonymous No.7076684]

>>7071093
Just found this
https://www.newegg.ca/Product/Product.aspx?Item=N82E16822179299

4 cents per gb! gonna load up on these guys

[Anonymous No.7076863]

>>7076657
PRL is based on iota tangle, it uses CPU/GPU to perform PoW to attach/reattach transactions to the tangle, this is necessary for storage. It pays in PRL (erc20).
That is fine.
But what happens when jinn chips (kind of the equivalent of asic, for iota) get in the picture?
Pow becomes trivial, then one side of the equations goes down the drain. or doesn't it?

[Anonymous No.7076874]

>>7076684
So for each 64 GB you are paying an extra $1.46, that is also not centralized, encrypted and you are limited to what you can store and risk it eventually stop working on you.

[Anonymous No.7076910]

>>7076874
*not decentralized
It is also stuck on a physical device.

[Anonymous No.7077003]

>>7076863
oh fuck it, i'm jumping in,will deal with the ground when i get to it.

[Anonymous No.7077057]

>>7077003
I think there is a page where you can ask those technical questions, sorry I couldn't really help there.

[Anonymous No.7077264]

We are a team of highly dedicated members hell bent on capturing the cryptocurrency scene. Be a part of it or miss out big time..

https://discord dot gg/TEADGGw

[Anonymous No.7077561]

>>7076863
which means the IOTA chain gets a ton of comfirmations and is ultra secure.
NEAT!

[Anonymous No.7077850]

>>7076863
>>7076576

I am not a technical guy but bare with my limited understanding.

The POW performed by everyday users is already trivial (it is the bare minimum POW to upload data into the tangle), from my understanding, even basic devices with minimum computing power can already be used to approve txs in IOTA. So asic types shouldn't be an issue as they would merely co-exist in the ecosystem (even if they are way more efficient than others at POW).

Secondly Oyster basically provides an incentive to IOTA nodes for maintaining the network (theorically speaking, you might create a farm of asics for IOTA in the future, but there would be no point since IOTA nodes have no economic incentive). On the other hand, Oyster hashing power and nodes will have a very strong incentive (PRLS) in maintaining the iota tangle. So even if the hashing power it brings is not as efficient or as specialized as an asic farm, oyster will probably be one of the many second layer protocols that solve the incentive issue for IOTA nodes.

[Anonymous No.7077892]

>>7077561
PRL is a boon for IOTA, for sure
but it'll crash the hell out of the tangle when they put on the testnet, it's not even going to be funny.

If jinn/asic get in the picture, what'll be the point of mining PRL? It'll become a super nice wrapper/dapp hosting interface (which is super cool by itself). But the mining part will be pointless.
Anyway if we ever get to that point, we'll all be rich and the world will become very interesting.

[Anonymous No.7078266]

>>7077892
That's what the testnet is for.
For testing how the the tangle system will react to different kind of loads.

I never heard of IOTA specific "miners".
If there isn't that much of profit to make, why should any sane person buy expensive asics?
Normies will do the trick with browser implementation.

[Anonymous No.7078492]

>>7078266
They're not really asics, i'm using the term because ppl are familiar with it.
iota runs in ternary, for energy efficiency reasons. Right now it relies on emulators, which mean the pow is slow.
They're working on dedicated ternary chips (JINN), which will be low consumption and work with IoT devices.
When this happens, the Tangle will get an order of magnitude faster.
But cpu/gpu confirmation (mining is not a good term my bad) won't be efficient anymore.

There's no ETA, btw, but they're hinting at late 2018/early 2019

[Anonymous No.7078568]

>>7076863
follow your own logic
>PRL is based on iota tangle
>Jinn chips (asic, for iota) comes out
>pow becomes trivial ? then one side of the equations goes down the drain. or doesn't it?
how the fuck did you just put 1 plus 1 and got -10 ?

[Anonymous No.7078795]

>>7078568
Well you get rewarded PRL for doing PoW while browsing.
Assuming JINN aren't integrated into PCs, it won't make sense anymore.
But yeah the more I talk about it the stupider it sounds.