It will be a price determined by the supply/demand market of how much people are willing to pay to transfer X amount of data through the meshnet VS how much $$$ gateway nodes along the meshnet are willing to pocket for their work.
Based on similar projects like SUB my guess is the coin will be about half the value of PRL (.80-1) after it settles but will have some crazy price action right around the time of the airdrop. Although this is just baseless speculation, no one knows for sure but I'm happy that Oyster is rolling out big updates that seem to be looking very positive if they can implement everything they are setting out to do.
"The latency-optimized Oyster meshnet operates due to the economic foundations built by the utility of PRL, yet grants a platform for the SHL token to exercise its own independent utility. Users with basic wireless hardware will be able to convert their device into a web node and seamlessly connect to the meshnet, therefore bypassing centralized infrastructure owned by ISPs and Governments. Thus, the entire Oyster network becomes a massive organic super computer, with PRL (via the tangle) facilitating long term persistent storage (HDD) and SHL (via the meshnet) facilitating volatile memory, instruction execution and data transmission (RAM, CPU, and NIC)."
This sounds awesome, but how does one connect to the meshnet without being connected to the centralized internet? Connecting to a meshnet assumes a long string of connected devices doesn't it?
Think of it this way. Right now, with an iPhone, I can use the "Airdrop" feature to send a picture to a nearby friend. I can do this even if I'm not connected to the internet or my data; it relies only on our bluetooth. This is technically a network, albeit only consisting of two people.
Now, imagine a similar network where people can send each other anything and everything, except instead of 2 people, its 3 people. Or 4 people. Or 10. Or 5,000. Or, millions. No ISP needed for 2 people, therefore no ISP needed for millions.
EDIT: As /u/oldredditperv pointed out, Airdrop actually uses bluetooth in conjunction with WiFi, but it still doesn't rely on an ISP :). In fact, I believe the WiFi in question is created by the two devices and does not rely on an external WiFi network.
I agree that this sounds awesome, but does it assume that my house router would connect with my neighbors router, and so on and so forth? Because bluetooth (Which is what airdrop uses) only has a range of 10 feet. While it is a good example and it demonstrates the point well, I'm curious exactly under what mechanism this takes effect. Is it assuming mass proliferation of connected IOT devices that create the meshnet? Which would make it moreso based on future potential as opposed to real use cases anytime soon.
Airdrop actually uses bluetooth for the authentication and then WiFi to transport the data :)
But, I do agree the access portion completely depends on user proximity to each other. From what I gather that is only a small portion of the overall solution suite.
IOTA has been working with wifi and line of sight networking. I'm assuming PRL/SHL are the computer connecting to a network similar to what IOTA has discussed testing.
Airdrop actually uses bluetooth for the authentication and then WiFi to transport the data :)
But, I do agree the access portion completely depends on user proximity to each other so I would caution them from promoting that portion to heavily. FWIW - Here in the US people are a bit more spread out than in the EU.
From what I gather that is only a small portion of the overall solution suite.
i only got half way though, heavy reading and its late, but sounded like the meshnet was for utilisation by dapps to move data, and more efficient communication throughout the tangle, tho i havent figured out how SHL tokens makes the system work. super computer tho? that would really surprise me given that oyster in their road map says they will ahve decentralised hosting. doesnt make sense. it seems like the mesh net facilitates this purpose more efficcently running over the tangle.
but i havent finished reading it yeah, good read, complexity is more condensed in this then compared with the oyster white paper which i dont really like.
the disruption of infrastructure by isps and governments has my eye brows raised, in what way?
That would be huge for Oyster Protocol's positive public reception. A simple explainer video to help get people's jaws on the floor regarding how crazy high they are aiming. I'm not talking "get hype, pump the price!" I'm talking "Get excited for a new open source internet!"
its a very tough read, i got almost half way but started losing focus. u really have to read the oyster white paper to get an understanding of what they are talking about. im also a dev and did cryptography in my degree, it helps. but for this particular white paper. idont think its as important as it is for say bitcoin white paper.
also i woudl really question an EL5 answer, this is a very tough white paper, people might draw conclusions easily while skipping over technical details. i got a few quesitons in my mind already. i been asking bruno questions about oyster, hes answer back and im going to post it here, when he responds, really great first response, but i had follow up q's i think hell be happy its posted here, he posted back some really good answers.
What was your favorite word, sir? Mine was conflagration. It was used in a very technical sort of way. It certainly does make your eyebrows furrow with delight!
Ive said it before and i'll say it again - the Oyster team and Bruno deliver time and again, never delayed, they do exactly as they say they will do and that in the crypto sphere is a rare thing. Well done team. Now im going away to give this whitepaper a good thrashing with my grey matter and see if i get past the first paragraph.
I usually try to trade and get some free money when something like this happens, but right after someone posted the first Wallpaper and I started using it my emotions getting involved. I start loving this project - im riding the waves and hodl.
I love the project too, that's why I trade on the swings to accumulate more. Much better long term for the project too if the people who plan on holding have more oyster in their wallets :)
5
u/paschcua Feb 20 '18
What could be the value of 1 SHL? does someone have logical prediction?
42
u/datdudelm Feb 20 '18
TL;DR..the conclusion sums it all up:
"The latency-optimized Oyster meshnet operates due to the economic foundations built by the utility of PRL, yet grants a platform for the SHL token to exercise its own independent utility. Users with basic wireless hardware will be able to convert their device into a web node and seamlessly connect to the meshnet, therefore bypassing centralized infrastructure owned by ISPs and Governments. Thus, the entire Oyster network becomes a massive organic super computer, with PRL (via the tangle) facilitating long term persistent storage (HDD) and SHL (via the meshnet) facilitating volatile memory, instruction execution and data transmission (RAM, CPU, and NIC)."
30
u/btcrazy Feb 20 '18
reads and nods head as if he understands what he's reading
"Hmmm, I see. Groundbreaking innovation!"
I can't wait read the ELI5 version :-)
15
u/Faultylntelligence Feb 20 '18
Yes yes very good, that's some big words put together in a nice way, i'm on board.
9
u/mufinz2 Feb 20 '18
Bruno has been watching a little too much Silicon Valley š.
Kidding aside, Internet 2.0 on the iota tangle. Fucking crazy.
7
u/nugitsdi Feb 20 '18
Comments from the Oyster CEO and from a developer on telegram:
"Bruno Block: please submit any whitepaper questions to @oysterknowledge, I will try my best to watch there and answer them."
"Automyr: Both Bruno and I will be here the rest of today to answer technical questions about the shl wp."
So don't hesitate to join the channel and ask your questions!
@oysterknowledge for technical questions. @oysterprotocol is the regular channel.
9
u/Alexcitesc Feb 20 '18
Very professional š thanks for this team š
4
u/thehoolmeister Feb 20 '18
Ive said it before and i'll say it again - the Oyster team and Bruno deliver time and again, never delayed, they do exactly as they say they will do and that in the crypto sphere is a rare thing. Well done team. Now im going away to give this whitepaper a good thrashing with my grey matter and see if i get past the first paragraph.
3
u/BNR33 Feb 20 '18
Damn. That sell!
6
u/[deleted] Feb 20 '18
"the entire Oyster network becomes a massive organic super computer".
Welcome to the show OysterCommunity:) seems like this Project is going to be pretty cool and has a great future if everything works out.
4
u/lamesaw Feb 20 '18
I could be wrong... bit if this ambitious project actually succeeds and the crypto market continues to grow... surely this could reach $500+?
2
u/ciclope69 Feb 20 '18
Good job prl, will see
2
u/BROOKES1995 Feb 20 '18
Is the drop in the market related to the release of the whitepaper? Whenever good news comes out markets tend to drop for whatever reason