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RE: Trying To Understand The Tokenomics Of The New 3Speak Network

in LeoFinance5 years ago (edited)

@dalz : So, the SPEAK emission rate, aka minting is done by the miners who stake/vest/lock LARYNX. If you have very large amount of LARYNX but a small amount of disc space on a dial-up connection, your miner will be having negligible effect on the entire eco-system. Thus, the SPEAK mining should be a function of LARYNX + available resources on the miner.

Available resources on the miner = disc, network speed, throughput etc etc.

This is what I understand :)

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Correct. Available Resources provided will be the major factor in amount of speak mined, however amount of miners will play a part. Miner efficiency will also drop slightly each year for about 4 years. Each year a new, more efficient will be available. Miners will come off the ‘production line’ each day. We hope that this will create a continuous demand for miners and therefore continuous payments into the SIP each day that are locked away forever to help back the SIP liquidity pool

In addition to storage, This will also be applied to users running CDN, encoding, service and video cashing nodes. Whether or not a user runs one of these nodes will be toggled through the desktop app initially.

yea video trans-code pipelines, search, log aggregation pipelines etc are going to be needed