No, this is not a fan theory- and no, I do not wear a tinfoil hat.
I was surprised when I stumbled upon the resemblance. Oyster is doing what Richard Hendricks, the protagonist of the hit series Silicon Valley, comes up in the season 4 premiere.
The shy reclusive programmer stutters the word “new internet” when his boss asks a suggestion of making something new with unlimited resources at hand. He goes on to explain that cell phones today have massive computing power that is not utilized and that power could be tapped and harnessed by connecting the phones in a big decentralized network.
Today, the internet is full of decentralized networks. The P2P systems allow two or more users to connect directly without any third party routing or governmental institutions monitoring or regulating you. Another advantage of the network is that you cannot disrupt it. If anyone would try to stop one node or point, the connection will be simply routed through other nodes, until it reached its intended recipient.
Another feature is that the data is broken down and multiple copies are stored on different systems. This allows for data integrity. Even after the data gets corrupted or deleted from one point, it will be only a small portion and there will be multiple copies stored elsewhere.
Now let me walk you through the Oyster platform. At first glance, it seems that the organization has an idea that will eliminate the need of having intrusive and annoying ads running on websites. That is true, but only to the extent that with their proposal, website owners will not need to run ads to support the finances of hosting websites.
What Oyster proposes is that instead of ads, website owners will embed a single line of code in their pages. When a user will access the website, he or she will be prompted that until they are browsing and using the website, a small portion of their laptop or PC (or even mobile) CPU and GPU power will be utilized to store data. The data here in discussion will be a small portion of a larger data, encrypted, decentralized and kept safe within the browser.
Website owners will earn money by being paid by data owners. No more intrusive ads about gaming websites or your manliness (hehe).
See what I mean? Oyster is the new internet Richard was talking about. Storing pieces of data utilizing free computing power available across devices in a decentralized manner.
What do you think? Am I correct in finding the resemblance? Comments are welcome.