Is there any official date when will kucoin give shells?

Or any guess about it?

Still no official statement regarding that as of the moment. Please stand by on our official website and other social media accounts for real time update. Thank you!

You go along and use 0.5 PRL to save e.g. 32 GB (since 64GB/year is currently the minimum, the peg can be higher) of family photos for 1 year on the tangle.

What happens next?

You pay for the upload, the broker node is paying hook nodes to do the nessecary PoW for the upload on the tangle. Now the left PRLs of those 0.5 PRLs are getting split up in ~50% and ~50%. One of those ~50% are taken by the broker and the other ~50% are buried, set in a slow-release-state. [Numbers here are also just an example. They can still change]

Now web nodes are comming in ecosystem. Web nodes are people visiting websites, running the Oyster JS script. By paying with a little bit of their CPU/GPU, website visitors are getting access to the content provided by the website owner.

Those web nodes are 'treasure hunting' for the buried PRLs. For that they are getting 'treasure maps' from the broker nodes but they have to perform PoW first - meaning reattaching the filechunks of the upload you or others performed earlier.

Those found PRLs will get send by the broker to the website owners entered ETH-address.

The website owner can then e.g. use the PRLs for himself to store data on the tangle e.g. for his website, hold them, or sell them on exchanges.

Now you need another 0.5 PRL for another vacation picture folder. You are going to an exchange and buy those PRLs to use them for your next upload.

Repeat.

The one year anniversary of me designing the Oyster Protocol is coming up. In that time I have had in-depth constructive conversations about the utility and operation of the protocol with around three, three people. Stefan, Automyr and Rebel. The last two are devs who work for me.

Do you know how unbelievably disastrous this is? Do you know why the token sale raised only $75k? Because I didn’t hype Oyster into a part of this mindless crypto-bubble. I focused on the substance/utility and 99% of people glossed over it.

Yes, the b-word you’ve all been dreading: bubble. Do you know when financial bubbles form? When everyone is impatiently greedy at the same time and follows the next person. When no one focuses on utility and only on their own short-term greed and how their cousin made money, bubbles form and always pop.

Are you kids too young to remember the dot-com bubble? Would you like me to rename Oyster to pets.com? Pets.com had millions of dollars in revenue, was a household name in the US, and 2 years after their IPO they declared bankruptcy. Why did this happen? Because greedy investors of the IPO were only thinking about making short term gains and didn’t focus on the real utility of the business model.

So why are you here, a ‘part’ of the ‘Oyster Community’? Is it because you remortgaged your house, bought ETH, diversified into alts, and consider yourself a genius? You bought PRL at 80 cents, then the price goes to 60 cents and you think you have a right to complain? You consider green candles as entitlement, and red candles as injustice?

I and the team make no allusions, implicit or otherwise, to the promise of profit or a price increase. What you are promised is the utility that I have defined in the white papers. That is it. If I and the team fail in delivering the promised utility, you have every right of complain. If we deliver the utility to you, you have no right to complain even if PRL gets crushed to 5 cents.

If you understand how the storage-peg works then good for you, you realize that current price shocks are ephemeral and that the price of PRL will eventually become bubble-resistant and associated with the fair-market value of storage.

If you don’t understand the storage-peg, sell all your PRL and stop turning Oyster into a bubble. You are the same ass-hat who posts gay-porn and green arrow memes in Oyster Trading and you are not welcome here. I’m sure you’ll find plenty of pump-and-dump bubble coins on CMC, go knock yourself out.

The one year anniversary of me designing the Oyster Protocol is coming up. In that time I have had in-depth constructive conversations about the utility and operation of the protocol with around three, three people. Stefan, Automyr and Rebel. The last two are devs who work for me.

Do you know how unbelievably disastrous this is? Do you know why the token sale raised only $75k? Because I didn’t hype Oyster into a part of this mindless crypto-bubble. I focused on the substance/utility and 99% of people glossed over it.

Yes, the b-word you’ve all been dreading: bubble. Do you know when financial bubbles form? When everyone is impatiently greedy at the same time and follows the next person. When no one focuses on utility and only on their own short-term greed and how their cousin made money, bubbles form and always pop.

Are you kids too young to remember the dot-com bubble? Would you like me to rename Oyster to pets.com? Pets.com had millions of dollars in revenue, was a household name in the US, and 2 years after their IPO they declared bankruptcy. Why did this happen? Because greedy investors of the IPO were only thinking about making short term gains and didn’t focus on the real utility of the business model.

So why are you here, a ‘part’ of the ‘Oyster Community’? Is it because you remortgaged your house, bought ETH, diversified into alts, and consider yourself a genius? You bought PRL at 80 cents, then the price goes to 60 cents and you think you have a right to complain? You consider green candles as entitlement, and red candles as injustice?

I and the team make no allusions, implicit or otherwise, to the promise of profit or a price increase. What you are promised is the utility that I have defined in the white papers. That is it. If I and the team fail in delivering the promised utility, you have every right of complain. If we deliver the utility to you, you have no right to complain even if PRL gets crushed to 5 cents.

If you understand how the storage-peg works then good for you, you realize that current price shocks are ephemeral and that the price of PRL will eventually become bubble-resistant and associated with the fair-market value of storage.

If you don’t understand the storage-peg, sell all your PRL and stop turning Oyster into a bubble. You are the same ass-hat who posts gay-porn and green arrow memes in Oyster Trading and you are not welcome here. I’m sure you’ll find plenty of pump-and-dump bubble coins on CMC, go knock yourself out.

The one year anniversary of me designing the Oyster Protocol is coming up. In that time I have had in-depth constructive conversations about the utility and operation of the protocol with around three, three people. Stefan, Automyr and Rebel. The last two are devs who work for me.

Do you know how unbelievably disastrous this is? Do you know why the token sale raised only $75k? Because I didn’t hype Oyster into a part of this mindless crypto-bubble. I focused on the substance/utility and 99% of people glossed over it.

Yes, the b-word you’ve all been dreading: bubble. Do you know when financial bubbles form? When everyone is impatiently greedy at the same time and follows the next person. When no one focuses on utility and only on their own short-term greed and how their cousin made money, bubbles form and always pop.

Are you kids too young to remember the dot-com bubble? Would you like me to rename Oyster to pets.com? Pets.com had millions of dollars in revenue, was a household name in the US, and 2 years after their IPO they declared bankruptcy. Why did this happen? Because greedy investors of the IPO were only thinking about making short term gains and didn’t focus on the real utility of the business model.

So why are you here, a ‘part’ of the ‘Oyster Community’? Is it because you remortgaged your house, bought ETH, diversified into alts, and consider yourself a genius? You bought PRL at 80 cents, then the price goes to 60 cents and you think you have a right to complain? You consider green candles as entitlement, and red candles as injustice?

I and the team make no allusions, implicit or otherwise, to the promise of profit or a price increase. What you are promised is the utility that I have defined in the white papers. That is it. If I and the team fail in delivering the promised utility, you have every right of complain. If we deliver the utility to you, you have no right to complain even if PRL gets crushed to 5 cents.

If you understand how the storage-peg works then good for you, you realize that current price shocks are ephemeral and that the price of PRL will eventually become bubble-resistant and associated with the fair-market value of storage.

If you don’t understand the storage-peg, sell all your PRL and stop turning Oyster into a bubble. You are the same ass-hat who posts gay-porn and green arrow memes in Oyster Trading and you are not welcome here. I’m sure you’ll find plenty of pump-and-dump bubble coins on CMC, go knock yourself out.

The Oyster team has an important announcement regarding the release of Oyster’s Mainnet. The Oyster Mainnet release will be delayed until May 29th, 2018. In making this statement, we want to ensure our community that we did not make this decision lightly. The Oyster team has worked extremely hard to garner a strong reputation as a team that meets every deadline put forth. Additionally, Oyster is known for remaining transparent in its actions, and in keeping with this behavior, we will be explaining exactly why this delay is needed.

The IOTA Tangle is Not Ready for the Oyster Protocol

The IOTA team has done a great job at building out their infrastructure to prepare for the Tangle’s ultimate purpose as the backbone of the Internet of Things. However, the IOTA team has not yet implemented Swarm Intelligence and sharding into their system. For the Oyster protocol to operate as efficiently as possible for large-scale, redundant file storage, sharding will need to be implemented into IOTA’s infrastructure.

Since IOTA has not yet implemented this feature, the Oyster development team decided to move to Oyster’s private Tangle. By using a private Tangle, Oyster can implement sharding into our infrastructure, allowing the protocol to be production-ready without relying on the implementation of sharding into IOTA’s main Tangle. The ultimate goal for the Oyster protocol will be to merge back into the main Tangle when sharding is ready, but for the time being, using our private Tangle allows Oyster to be a commercially available product.

The Oyster development team has already made significant progress in running its own Tangle, as well as building off of IOTA’s open source infrastructure to provide a sharding solution that will support Oyster’s need for large-scale, redundant storage. However, the decision to switch to a private Tangle meant that a lot of the backend already provided by Oyster’s two testnets needed to be rearchitected. Thus, delaying the Mainnet release to May 29th will allow the Oyster development team to finish Oyster’s private Tangle, as well as provide enough time for the protocol to go through rigorous stages of Quality Assurance (QA).

The Initial Roadmap was Decided Before the Development Team was Hired
When the Oyster roadmap was conceived, only two people were working on the protocol: Bruno, who single-handedly did the majority of the early coding and architecture of the project and myself who handled the design/graphics side of the project. Since then, the Oyster development team has grown exponentially, leading to more input on how the Oyster protocol should be architected to be as efficient as possible. For example, several architecture changes were made since the formation of the original roadmap including switching the backend from PHP to Golang. These changes were not considered when the original roadmap was formulated, subsequently making the original Mainnet release of April 2018 very tight.

Summary

The delay in the release of Oyster’s Mainnet is unfortunate, and we are not making light of our decision to push its release to May 29th. We also understand that announcing the delay a week before the release was to occur is unfortunate timing. However, the Oyster team was very confident that we would make the April deadline but unexpected delays and a requirement for very careful QA when currency is being exchanged convinced us that the product will not be suitable for production by the end of the month. The Oyster Mainnet will involve the use of real funds, and so the Oyster development team wants to ensure that the product will be working optimally before any funds are spent using our product.
Furthermore, we want to stress that Oyster is building a unique product that not only provides a reliable platform for anonymous, decentralized storage but also plans to revolutionize the way websites monetize their content. These goals are ambitious, and there is no other company or team providing solutions to these problems. Because this is entirely new territory, unforeseen hurdles will present themselves (e.g., architecting Oyster’s private Tangle) which can delay the product’s release. The Oyster development team has adapted very quickly to these hurdles and is working overtime to ensure that Oyster’s Mainnet will be ready for May 29th.

The Oyster team expresses our most profound gratitude for the patience and understanding of our community, and we will be releasing weekly infrastructure updates up until the new Mainnet release date. As always, we strongly encourage that people post their questions or comments to our Reddit or Telegram channel.

Oyster, as a company, is planning to provide a fiat gateway in the future. This means that users are paying for the storage and can't buy PRLs direclty. Oyster would set the PRLs in place for the user instead, while buying the PRLs at the exchanges (means buying reserves, not buying in real time anytime somebody uses this gateway) - for this convenience the storage user will pay a slightly higher price than the market price of PRL.