3speak is like the YouTube of the whole Blockchain right? At least that's what it's looking like to me with all that I'm seeing. Does that mean every video someone create on this Blockchain can be seen there?
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Yes, but they are building something else called SPK network which is like Torrents/streaming video but you get paid to host the videos. Decentralized monetized data storage. So like imagine mining a token by hosting your favorite youtuber.
Whoah, so if you have the storage space you could set up a whole business for that. This is a great idea. I guess the beneficiary will be split between them and the one hosting a suppose
I’m not sure they are going to earn anything from it. The way it works is that you can host anything without any data storage on their part. They will likely be the biggest host though since it’s the project they created and they believe in it
So if I'm getting you right, if you host the video you don't get paid? But probably the beneficiary they take reduces because you hosted?
I'm a bit lost
for Bitcoin you use your pc power to solve algorithms that keep the network secure. With SPK you will use your PC storage to host videos and earn SPK token. It’s decentralized so I don’t think they will earn anything from you hosting.
So you can earn by hosting my videos. I’m not sure the incentives to buy the coin, I forget but it’s very cool and smart. But they re taking forever lol
I get the whole thing now. I'm gonna have to get a huge storage for that. But wait. Can't your host screw you over on the event he or she decides to delete the database to create space for more to earn more of their token?
lol well I guess it’s possible so ideally you’ll have more hosts than one. I still don’t understand the details. There may be ways to attract the host, maybe that’s the incentive to hold the token