To clarify, there will be a constant demand for larynx due to them deprecating each year. Their efficiency will drop and so users will need to send speak to the SIP to purchase the new miners that are issued that day. Additionally input to the SIP is driven by advertisers buying ad rights to the system. These two factors, along with staking to the sip for Defi fees should help keep a flow of payments into the sip. If we can make the sip a joint hive community project, where most of the sales / conversions of hive speak and Brocca are done, we can create a huge sink for hive and large volumes of trades that the whole community benefits from that is then used to fund / support video infrastructure and other digital services / community projects that the chain needs
Posted Using LeoFinance Beta
Would this mean there will only be one frontend for the 3Speak network? Isn't the end goal that everyone can build on top of it?
End goal of course is that multiple platforms build on it. Infact we plan to let the community vote on which existing alt tech platforms get an equal amount of the unclaimed larynx miner tokens from the claim drop. This includes 3speak. So we will have to compete on an equal playing furled with everyone else to get initial miner tokens. Idea is that this will bring new platforms into the distribution and in return they will get access to storage, Infrastructure nodes and token systems including NFTs
So platforms like DTube, Minds, LBRY and BitChute could use the 3Speak system to host their own videos, while profiting from its economics and still continue their own platforms and tokens as they are?
The intention is that the community can vote these platforms in to receive an equal share of the unclaimed miner tokens as 3speak