Marto Ken, Frank, Two Months discussed on Software Engineering Daily
We just did a show about trans coding and how hard this problem is actually, because when somebody uploads a video, if you want to deliver that video to all these different surfaces, like if you want to deliver it to a smartphone on shaky connection, but you also want to be able to deliver it in high fidelity to somebody who's sitting on a t. one connection in there, you know, nice apartment. You actually have to transport it in multiple ways. Meaning you have to compress it using different bit rate, tradeoff algorithms. And so there's a huge spectrum when you consider the the different types of connectivity, the different types of phones people can be on the different types of computers. People can be on. You actually create this bit rate ladder, which is all of these different versions of the video. They get delivered to the consumer. So this is just a lot of processing power that goes into that. So so I could actually, this seems like something that. Could work could make sense for it to be on the blockchain in order to decentralize it and make it cheaper, and to make it a cloud service that somebody like bit main could provide. But to the token point, you know, the example you gave earlier with the house party where we were able to enumerate an actual purpose for a smart contract. You know, the thing is in that house party example, you don't need a token. All you need is ether, right? You just need a contract that exchanges ether and it makes me a little bit suspicious of the whole utility token model. Because if you just had a trance, coding type system built with smart contracts that used a theory him or that ether instead of using this token, then there's no reason why you would need this token based network that you gave the example of live peer. Although I'll admit that the token is a nice way to bootstrap the network and. Raise some money for these guys and girls that are hacking on life here and making it work. Cool. That's great. Let's let's renumeration them for their efforts. But unfortunately, if it works, somebody can just clone it to a contract based system that's that's just uses ether and doesn't use their token. That only has one specific purpose. I mean, doesn't that seem like a counter argument against even a token for this live peer purpose? It kind of this night. We feel that dole conserve first and foremost greats would strapping mechanism. There's the issue that, like if you have providers in one site and consumers, one side in consumers, just go away or just come down from the TV and there's very few consumers and you've grown to a large amount of providers and they're not gonna be earning money because there's less consumers. Now, block rewards, inflation can help maintain the network, that sense. So inflation is one reason like having the control over monetary policy of a given supply. Why is one reason to have an own token and that can be good, that can be bad that can be well done are beduin. I'm not gonna get into that marriage, but I guess it's one of the reasons. And of course serving as a way to Ramona rate the teams that make this things is probably the biggest reason why we're seeing that many token south there today to be very Frank with you. But just like when you say that anyone can fork the thing and just build a mirrored system that works without a token, I guess that's the beauty of it. Like at anytime anyone can just fork the life peer network can build a clone of it. And I bet that in one or two months, the original project is already going to be way farther ahead than the clone because they just keep developing and delivering stuff because they hold the token and because they are incentivized to actually keep working for the network so that more people are going to use it so that Marto Ken's are gonna circle around and so that the tokens is going to increase in value. So don't can really good means of keeping a community together and..