And of course, the miner and nodes are sites like 3speak and others, users like you and me, and anyone else that has access to at least one Larynx Miner Token and has extra bandwidth and storage to spare.
Now the question is, how will internet speed affect this. for example i decide to throw 1-2GB of my HDD on my pc (that is something i would be willing to do) but my up speed is at best 0.7 Mb/s (because Serbia and providers don't care about places where 5000 people live, but the + side is unlimited transfer).
So will there be any sense of trying to do this on an home PC with not that great internet. or will it just be a waste of electricity?
To be a miner, you will need a relatively decent computer; you won't need to download a whole block; you can be individual. But since you'll be downloading videos/images, you'll need at least a basic computer with at least a 3-5MB connection. To provide bandwidth, it'll just take what you have to offer and compensate you accordingly.