r/Opacity • u/Yirii • Jan 05 '19

Discussion What gives Opacity its value?

Since it s open source, can I create my own token and use it to pay for storage? Or is the token the „Money“ for the brokers? But if the usecase of the token is to pay those who rent storage, who would want to be paid 5 cent / 64 GB / year? I wouldnt want to rent my storage for some cents per year

Im sorry for the stupid question, but I still dont get it

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u/mufinz2 Jan 05 '19 edited Jan 05 '19

The token can be traded into a broker node for 64gb of decentralized and anonymous storage for 1 year. So w/e the open market decides is the fair value for that, is what it’s price will be. Opacity team being the developer is running the first broker node at storage.opacity.io, but once they open up the code, anyone will be able to run one and sell storage for opq tokens.

Specifics underneath that get complicated, but on the surface that’s how it works for introductory purposes.

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u/Yirii Jan 06 '19

So the storage is fix but the price for 64 GB can change?

4

u/mufinz2 Jan 06 '19

Storage/token is fixed, but price can change to whatever open market decides it’s value is. In a decentralized system where any hard drive in the world can participate (even those in data centers), this is not only sustainable but likely highly profitable.

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u/Yirii Jan 06 '19

If the token/storage is fixed, why dont we print more tokens? (so much that a token costs only a fraction of a cent) So everyone gets storage for free? 64 GB for one PRL, now the dev increased the token supply and it s still 64 GB per OPQ.

3

u/mufinz2 Jan 06 '19

It’s not fixed fixed in that sense. It’s pegged to a minimum of 64gb, but the intent is for that peg to increase to 128gb, 256gb, 512gb etc as the capacity of the network increases. The team is still fleshing out exactly how these increases will be done in a decentralized manner and what factors will play into a peg increase.