Part 4:
Robert: [00:16:08] Those are the ones we really want, though, right? We really, really want those to stick around forever.
Matt: [00:16:15] Well, see, this is this is where, you know, I need to speak to guys like you because my view on that is very different and I need to cater to those views, for sure. So, yeah, component cat videos will write that down somewhere. But yeah, I mean, ultimately, yeah, I probably shouldn't say cat videos specifically, but there's certain videos that people don't want to store permanently, and they don't really want to pay for that certain things that people do want to pay for for long term storage. And so we've just built a system that kind of caters to both of those where wherein, for example, you use the user or your community may decide they want to put up some stake to store that content permanently, they might decide that this is a video that you did or a piece of content or music or whatever it is that you did. And they just go, Holy shit, this needs to be going on permanently. You may not have that view. Someone else might stake their tokens and say, Look, this is the long term storage cost. This is what I'm willing to stake. And then it pays out over a certain period of time. At certain point, the community may decide, Well, you know what, the currency in which that happens may spike for whatever reason or may increase in value over time. And then it might be a case of what I can actually cash the cashless in that and remove the storage capability cash in the tokens that were back in that long term storage and then roll storage over to re to redo it again. So basically, you keep the permanent storage, but you just do in a new transaction. It's kind of like, I don't know if your audience know, but like rolling a futures contracts or rolling a bond.
Robert: [00:17:40] It sounds like remortgaging your house.
Matt: [00:17:41] So remortgaging. Yeah, you can see that the value that stored within your content can now be taken out, and then you can remortgage that to have the same service of storage for long for the long term
Robert: [00:17:51] Remortgaging from the bank's point of view.
Matt: [00:17:54] Yes, except you're the bank, right? This is this is the thing. This is the beauty of Web3. It could out all these middlemen. And so. So we're building that. That's not available as of yet, but it's certainly something we're building in. And then and then most people will be fully appreciate that look low to the system won't really even need any permanent storage at all. And maybe there's a certain amount of storage that we can guarantee that we're willing to put up. And maybe there's a certain amount of storage that the community itself can self host. And this is the other thing that we're building in most storage we believe will be done as self-hosted. It will be between you and your community and you guys will sell post. All we're providing is, I say, we all the Speek network will provide is the tools to do that. So you don't have to go build it all yourself and then the ability to integrate that into your platform. And so some, some of your things will be long term storage from naive point of view that might be quite expensive, that you want to keep it permanently. Some of the things might be medium term things that you're looking to rotate in and out of as you see, the price of the storage is opportune to roll. And then some of the things will be short term that you're not really interested in storing permanently at all and don't really want to put any money behind to incentivize that incentivize that. So that's what we're trying to cater to on this speaker network. All right.
Robert: [00:19:10] Who's involved with this project?
Matt: [00:19:12] Well, really, it's a it's a Hive owned project where the Hive community we recognize have been distributing the token for five years. It's a very well decentralized. We think the maximum stakeholders got about one point five percent of the supply 1.7, maybe. And then there's a few of the guys that are pretty big, but it just tapers off very quickly after that. And so there's not like one guy that controls the whole network. There's no company behind it. There's no pre premium, there's no vested interest. So we we recognize that it basically what we'll do is we'll drop the miner token that you have to stake in order to mine the governance token to this community and then give people the option to sell the miner token if they don't want it or accumulate more if they're intending to mine in the network and then start at zero from the governance token so everyone can mine on a fair basis