Part 10:
Matt: [00:45:24] Yeah, yeah, we think so. The thing is that if it's there is no coin attached to it, it's it's a voluntary network. It seems to be. It's always getting better. As far as we can tell, there's no vested interest in it either. It can be run fairly autonomously. And so what we've built here is what will be the first incentivized layer for IPFS that we're aware of, at least. So that's that's really exciting and we're really super stoked about it. And we've basically proven it's possible. We're just building out the tech now. We've got the funding. It's happening over the next few months and we've we've already got the proof of what do you call it, the let's call it the minimum viable product from the the desktop app that's already running. That's that stores videos and IPFS. It links to the IPFS system. Now we just need to build in the incentivization system, which is full steam ahead at the moment. So it's exciting
Robert: [00:46:16] Times. Let's keep moving with that. What's the broker gas token?
Matt: [00:46:20] So Baraka is effectively the main purpose in my mind of Baraka is that it's a spam limiter. So what you don't want is you don't want people just uploading tons and tons and tons of videos to the network and then flooding it with a load of crap that they get to upload for free and access the network for free because it clogs it up and doesn't make it very efficient.
Robert: [00:46:39] And YouTube has to deal with that problem. They basically put no limits on what people can do as long as it's legal in their community services, and they they generously basically have stored all of the crap since YouTube's inception for free forever.
Matt: [00:46:56] Yeah, yeah. Which, which is one of the reasons that YouTube wasn't viable for a long time. I don't even know if it is anymore, but I know that it wasn't making very much money for a long, long time. And that type of thing in the in the startup open source world is incredibly hard to do. It's one of the reasons that YouTube has been so successful because they've had this kind of private funding, unlimited funding. They seem to have been able to get hold of, but that's not the way it works in the decentralized world. So what you need to do on these blockchains, these blockchain accounts and the content that gets pushed through them is valuable. And if you're able to just upload thousands of pieces of content today, you can effectively gain the network you can over time. Even if people avoid your content, they'll be still be people that give you upvotes and kind of allow you to milk the network without without them even realizing what you're doing, you know. And we've seen this on Hive. So one of the things that Hive did and I'll do the hive kind of initial thing, and then it'll help you understand Brucker a little bit more. So what Hive does is it says if you have Hive tokens, you can power them up, which is effectively like staking them, which locks them in for 12 weeks. And that gives you hive power, an equivalent hive power balance because you're locked in and invest in the network, it will then the network will automatically give you resource credits and every day, based on how much hive power you've got, you've got a certain number of resource credits which allows you to post comments and content and interact with the chain. Basically, you don't. You only need like five Hive to get enough resource credits to allow you to basically do what any other social media users does on any other chain. And you can get five hive within basically one vote from a reasonable sized user on the network, so it's not very difficult. The other thing that that allows you to do is if you can then delegate the resource credits so you can you can. Basically, if a new user comes on with zero hive, a lot of the applications such as ours and many of the other 200 applications on the network, they have a vested interest to allow the new users to have a free feel experience.
Matt: [00:49:01] So when the new users come on, they basically delegate them. Some hive, just a very small amount that they can, they can take back. The system sets up such that the user can't run away with that hive, but you can delegate it to them for free and then they can now access the network for free without having to hold any hive of their own and slowly accumulate hive over time so that they can then act interact without having relying on your delegation. Most of this happens behind the scenes, and no one even knows it's there. It's just completely oblivious and it's a free field experience. So that's that's how you basically limit spam on these chains. And basically, if they then come on the network and start spamming like loads of comments all over the place with loads of videos or loads of blogs that are kind of irrelevant hundreds of times a day, they will run out of resource credits and the system will stop them from posting. And then as you run out of resource creators, you have to wait for 24 hours. You don't have to wait for 24 hours, but basically your full stack will regenerate after 24 hours and then you can just reuse it again. So if you've got like 15 or so, you're fine, right, but still the whales have got millions of hive, and those guys often help the platforms with their delegations and things like this, right? So resource credits is fairly rudimentary. It was done quite early on, kind of four or five years ago on the steam network. And it's really cool because you can delegate some of those power across to users. But apart from that, they're not. The resource credits aren't liquid. They're locked in the individual users accounts. So what we've done with Brucker and effectively you could say that's like a gas token on Ethereum. It's the same mentality, you know, to stop you from spamming, you've got to pay for transactions. You do it kind of behind the scenes and unknown because basically all the system does is it as you transmit Ethereum, it takes a little bit of that and use it as a gas fee to pay the miners.
Matt: [00:50:43] It's a very similar principle with high resource credits, except that they're kind of locked into your account and there are different currency than gas. So what Brucker really is, it's a gas token on the Speek network that it auto regenerates every day. So if you have Speake governance tokens and you stake them into the network, you will receive bracket gas tokens every day until you reach your limit based on the amount of speak that you've got capped. Then, as you interact with the network, you'll provide some bracket gas token to the infrastructure providers. So to the video storage people, to the content delivery guys, people running nodes, you'll give them an incentive to process that transaction for you, basically. And so that's what Bracket does accept. The difference between black and resource credits is that bracket are liquid tokens that you will be able to send freely to whoever you like whenever you like. That's basically the principle of bracket bracket gas.