Estimating BSV floor price (based on spending utility) BSV…

Estimating BSV floor price (based on spending utility)

BSV combines several utility services, some of them don't have easy comparisons with existing services, so it's hard to exactly quantify. But some of them do, like data storage.

Given that miners currently hold the tx data, you can calculate the price of storing data on popular cloud services to get an idea of the lowest possible floor (but it is actually higher due to other properties like timestamping)

So let's estimate the floor component of the data storage functionality:
- assuming 1 year of retention target
- cloud services cost $100/TB/year
- average bsv fee is ~0.1sat/byte so 1000 BSV/TB so $39k/TB
- therefore the data storage floor component is at $100/TB, so $0.40 per BSV
- note that if the fee would get lower, the data storage floor component would rise

Thus, bsv has a minimum utility function as a distributed data storage device at 40 cents per coin. But there are other use cases that require a minimum amount of bsv to work.

Incomplete List: Data Storage, Timestamp, Send Money, Microtransactions, Public Database, Smart Contracts

It's hard to quantify the total value because some of them don't have easy comparisons. Just data storage itself is worth $0.40/BSV, so I'd say the entire thing is at least floored around $4