Hm ... now that is somethig that I missed. Is it described somewhere that the emission rate of the SPEAK token will depend on network performance?
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Hm ... now that is somethig that I missed. Is it described somewhere that the emission rate of the SPEAK token will depend on network performance?
Posted Using LeoFinance Beta
i was not sure what will be mined but it makes sense that it depends on network performance because i think dan said that every miner will mine if you have stored (part of the video) the block that it hit.
So if everyone are hosting one video that was the hit, everyone will mine that one.
now that i am writing it could be that every block will have X amount of speak and it is shared by the amount of people that host that specific video.
wow, not sure do even i understand what i wrote :D
Initially speak will be distributed along side broca as rewards for being a miner or node operator in the network. However speak is capped and eventually only broca rewards will be earned from providing infrastructure to the network.
i seen Dan post after i wrote this. it is still over my head :D i will just have to experience it, i bet then it will not be complicated.
i am not sure how will my provider of unlimited bandwidth will feel about that :)
We believe it is the most simplified version it can be fir video infrastructure , however we welcome methods to improve it as we release the white paper had are happy to revise to simplify if it’s justified or integrate-able with hive more directly. No one has any idea how the internet works, but it works. This is probably the same type of thing. Once it is set up in the desktop app and a couple of other front ends are operating on it, it should become very clear what is happening
@bil.prag - ideally someone who hosting all the videos in the network with sufficient amount of LARNYX will be a better miner and anyone trying to access any video can be delivered by this host (provided she is geographically closer to the user accessing the video). If you host entire network but don't have any LARNYX, your chances of getting return is going to be zero.
She would need those LARYNX combined with those resources. I wonder what the plural of larynx is...
@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 :)
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