Larynx is distributed to the Hive influx. Correct
Broca (resource) is a resource credit of Speak Power
Broca (used) is accrued from Proof of Access from the resource cost of storage contracts therein modified by LARYNX staked to the account that earned them.
So let's say it costs 1000 broca to store a 1Megabyte file. This is the cost for triple stored, 30 days. To extend the contract by 30 days will cost additional 1000 Broca. for a 2Megabyte file it will cost 2000 Broca. The Proof of Access lottery decouples the two. There is no way to go from resource broca, to used broca directly. Used broca is part of it's own integrated whole. If 1000 Broca comes up in the PoA lottery today, then each get's 1/1000th of the Hive alloted to be paid out.
The Broca markets are what I'm most excited to see, how will you monetize your resources? will you sell them for 5% beneficiary fees for a post? Will you charge a subscription? You can make a storage contract for anyone in the network, and when you make a contract you get to pick who receives the upload, and therefore first dibs for full payouts.
Ah okay weird... what is used Broca good for?
What's the utility of Broca after it's been expended to pay for bandwidth?
I guess I missed those whole part of "hive alloted to be paid out"
It's like... When you go to Chuck-E-Cheese and you buy your tokens to play skeeball, and you get tickets to get your stuffed animals.
in this case, the game tokens pay for storage, and the tickets get redeemed for infrastructure costs.
The liquidity pool (in external capital: HIVE BTC etc) can't "weigh" more than the interal collateral(Larynx, SPK) held for it, and what better place to put it than over the Proof of Access lottery.
There's no Chuck-E in Yurope, did I miss nothing?
Very nice example.
Question still open right? You're interested in the Lifecycle of the Broca Token, geberal Tokenomics within in the practical example at hand?
SPK Network Diagram may help
Niceeeeeee