I think there may be wide range of fair price. Even if price per TB might seem too high, the exact same price might seem OK when syncing few hundred MB of photos from your phone for example.
Sometimes we choose in a very calculated way, and sometimes on a whim.
Itās tricky to calculate even guesses. If some offer low price-point - below real market prices, the data getās stored, but then those who want market prices are forced to accept ā¦ so they leave the network, causing a shortage of storage ā¦ the network then offers more tokens to bring more storage online.
So despite what price some will offer, the network in combination with the market will drive the price to what the market demands.
One practical example: On my phone I have several videos of me squatting heavy weights in the gym. I have shot them to check my form, and I donāt have much use for them afterwards. If I would need to make a backup of my phone manually, I would exclude at least most of them. But when I have automatic back ups set, I donāt really mind them taking up the space they do.
In a similar manner I think most individuals have a lot of information (and data), that they donāt handle so rationally. Decision are affected strongly by various reasons and doesnāt matter so much either way - even though on a closer inspection they might.
Companies, on the other hand, might handle their information and data in a more conscious way.
In respect to Fiat. You show the BTC without considering what BTC has done. While that shows some information it does lack the context of what affects people the most.
History was traded against BTC on an exchange but people were taking the price of BTC and looking at it in that context, while others against BTC only. So in fact historically both vs BTC and vs Fiat. The above conversation though had the context of vs Fiat which you replied to