Part 9:
Robert: [00:41:00] Because the workloads it's going to be doing are actual normal computing workloads, not just integer crunching.
Matt: [00:41:08] Yes. Correct. Correct. So it's it's this it's kind of a proof of work. I don't even know if there's a name for this yet, and I think we might need to name it separately. But it's kind of a proof of work that's happening on this mining system because what you're doing basically is you're for the storage, which is where most of the rewards will go. As far as we can see, it's effectively it selects at random based on block height of the current upload list. And that upload list is stored on the Hive blockchain because it's great for storing text. So we don't need to run our own blockchain. But the reward system we have a set of nodes called Sones on the peer plays blockchain and they are tracking. They're basically oracles and they're tracking these videos as they're being uploaded and working out which nodes have got them, and then selecting some at random to go do a proof of access request. And then the nodes will have their own system in built autonomously. That then provides the data to the requested to the requesting node. And if that node then says yes, OK, he provided the correct data that will get logged in the system and then that will get paid out. So it doesn't necessarily mean that just because you've got a big server, you're going to get more rewards. But the theory is that if the system is randomly selecting different nodes and then direct and rewards to those nodes based on a proof of access proof in theory, if you've got more of the network on your node, you'll get more requests and therefore you'll get more payouts, you know, and as long as the system's random, then which which it will be, then that should be what happens over a long period of numbers. You know, a lot of examples.
Robert: [00:42:43] Amazing. If you're going to if it's going to replace YouTube, it's going to have to be a lot of servers.
Matt: [00:42:49] Yeah, exactly. Well, one of the things that we're a little bit worried about because we're kind of we run this video platform already. We've got a lot of our infrastructure set up, but it's a relatively small ecosystem, and all it will take is for one of the larger all tech platforms to plug into this and start uploading their videos to the system to make our seemingly currently large set of videos much smaller than it currently is, and will then have to scramble to start storing the videos that they're uploading and incentivizing into our systems so that it kind of spreads. And then we have we again maximize our chances for for getting proof of access rewards based on the amount that we're storing. So that's going to be an interesting time when that bridge comes across. We're hoping to get someone to take part in the network before we even have it running. So that when we hit the ground running, we already have one of these platforms in on day one.
Robert: [00:43:39] It sounds like you want to get the attention of the Chinese companies who have just invested hundreds of millions in file cornstalks, file coin storage who have petabytes of unused storage because all of the Filecoin storage on Earth hasn't filled up the capacity that's been built for it.
Matt: [00:43:58] This is an interesting use case. I haven't looked into much yet, but I believe that it's possible. So file coin file coin, as far as we research, is kind of like having a a web based storage operating system on your on the blockchain, so it doesn't necessarily work directly. It could work, but it doesn't work specifically for the application we're using it for, which is social media and call and requesting social media files. But for proof of access storage, Falcon might be quite an interesting application. So if you've got a shit ton of petabytes free on file and you're your incentive incentivizing that node in some way and you have this state, this this storage free, then I'm assuming that we'll be able to you would be able to then store a load of Speake Network videos on that system. And you pointed to the nodes and show it if there's any proof of access request required. This is where you're got to go and that should that should work. Whether it works straight away, I don't know yet. This is we're still in the building phase, so. This specific system, but for me, I'm looking to maximize everything that this network can do, so we'll certainly be putting some time and effort into integrating that type of system there, for sure. Well, the
Robert: [00:45:09] Glue that binds it all is ipaffs. So all of these permanent storage paradigms all have an IPFS bridge, as far as I've seen so far. So betting on IPFS right now seems like the safest thing.