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Simple question:
Where else can you get 1000+ year permanent data storage with 100% uptime and global availability?
It doesn’t even exist except on Bitcoin, you can forget about “efficiency”.
The changes in core v30 encouraged more data storage with zero benefit to the monetary network.
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It was a fad. I hope they lost a buttload of bitcoin.
Byte for byte, it's still probably cheaper to store your data on google drive / drop box
That seems like a risk regardless of non-monetary data rules on bitcoin
IMO, your analysis of the source of the demand is wrong. If what they wanted was actually just data storage, there are other much more efficient ways.