Historical Prices of Google Drive

[Sotros25]

@Nigel

will the store cost/farming reward inform the fiat value of Safe Network Token or will the fiat cost of storage inform the store cost/farming rewards?

I’m inclined to believe the fiat price will inform the store cost/reward b/c the fiat price is what will inform human behavior (e.g. how much they store or farm). How much humans store or farm will dictate the Network’s supply/demand economic calculations. So if the price of Safe sky rockets such that the reward is now extremely high, more people will farm, potentially making supply outstrip demand until the Network rebalances. Essentially this:

@Sotros25

This depends on how quickly the Network reacts to shifts in Safecoin market price as well as Network supply and demand.

@Sotros25

I wonder how quickly pricing information will travel between the market and the network itself. On the one hand, I suppose one determinant will be how quickly farmers start joining the Network if the market price of Safecoin spikes, say, 100%. On the other hand, the question of Network sensitivity remains, i.e.

• will the adjustment in rewards be more continuous or discrete?
• in what increments will rewards be adjusted?
• how much time does it take for the new rewards amount to come into play?

Per David’s response:

@dirvine

These are the key points we need to test in beta. The network should react very quickly to price changes (likely measured in minutes, possibly seconds).

While the mechanism that will deliver this high degree of sensitivity is TBD, the target for quick responsiveness seems clear.