►
From YouTube: Livepeer: decentralized live-streaming built on the Ethereum blockchain - Chris Hobcroft
Description
Slides: https://drive.google.com/open?id=1oKe_fWgsJR4OLg1nwsIdmDsHuqJCTqZR
Recording by Livepeer.tv
C
A
Okay,
Wow
welcome.
Thank
you
all
for
being
here.
It's
a
real
honor
to
be
able
to
speak
in
front
of
you
guys
and
like
present
at
this
etherion
meter,
Thank
You
Maurice
for
inviting
me
and
Christian
also
for
encouraging
us
to
come
with
the
live
streaming
equipment,
I'm
going
to
kick
off
briefly
with
a
demo
which
I
think
I've,
already
kind
of
done
by
showing
you
as
live
streaming.
This
meter
on
the
live
band.
A
Network
we're
gonna,
learn
a
little
bit
more
about
what
the
life
their
network
is
all
about,
but
actually
I
want
to
say
thank
you
to
Matteo
and
Amazon
who
are
working
on
the
whole
setup
for
live
streaming
footage
from
here
on
the
blockchain,
but
because
part
of
my
job
within
a
Lightyear
is
to
connect
the
technology
with
a
creative
people.
I've
invited
a
friend
of
mine
growing
in
satellite
to
come
and
play
a
little
music
for
as
well,
because
I'm.
A
A
Thank
You
Roland
Wow,
very
nice
Roland
really
inspiring
recently,
when
I
learned
that
he'd
been
playing
violin,
since
he
was
four
years
old
right.
Yeah
now
he's
39,
so
35
years
you
playing
violin
and
that's
how
you
get
super
good
at
playing
violin,
so
super
inspirational,
Thank,
You,
Roman,
okay,
let's
get
back
to
it,
though
so
we've
done
the
demo
and
the
live
demos
actually
worked.
A
Video
network
to
allow
people
to
transmit
content,
so
AV
content,
audio
and
video,
and
this
platform
built
on
a
theory
of
blockchain,
is
going
to
be
owned
by
everybody
who
makes
it
up
everybody
who's
kind
of
participating
in
running
the
software
running
nodes
in
a
distributed,
decentralized
way,
which
has
a
lot
of
really
interesting
implications
for
sensor,
ability,
sensor,
resistance
and
also
democracy.
In
terms
of
how
we
allow
information
to
kind
of
spread
out
to
the
world,
instead
of
being
controlled
by
the
few,
it's
being
controlled
by
the
minute
through
connection
with
the
Boche.
A
Okay,
so
I'll
give
you
a
little
warning.
It's
the
first
time
I've
given
most
of
this
presentation,
it's
a
bit
of
a
combination
of
some
some
slides
that
get
presented
in
the
u.s.
quite
a
lot.
The
first
time
I'm
giving
this
so
bear
with
me
if
I'm
a
little
and
some
of
the
stuff
but
I,
think
it's
a
kind
of
like
give
an
idea
of
the
the.
A
So
if
they
have
a
really
slow
internet
connection
and
they're
in
the
middle
of
Africa,
they
still
have
a
an
outside
chance
and
being
able
to
kind
of
consume
the
content
that
is
being
broadcast.
So
a
little
bit
about
like
the
existing
landscape
of
live
streaming.
Video
I
don't
know
who
here
live.
Who
said
the
live
streams
like
from
their
smartphone?
It's
an
interesting
practice
like
1
2,
3,
4
5,
you
have
I
know,
ok,
so
it's
something
with
the
I'm,
certainly
seeing
a
kind
of
a
growing
trend
as
an
opportunity
to
kind
of
share.
A
We
will
seen
the
Twitter
we've
all
seen
the
Facebook
posting
medium
as
well,
but
now,
like
we're
all
broadcasters,
we
all
have
the
tools
in
our
pocket
to
to
be
able
to
live
stream
content
about
us
to
the
world.
So
a
little
bit
of
how
the
landscape
of
this
works
right
now,
you've
got
a
lot
of
social
apps
stuff
like
periscope
and
Facebook,
live
and
do
now
on
YouTube,
and
also
like
proprietary
decentralized
organizations
who
are
distributing
news
and
media.
And
then
you
have
the
other
kind
of
like
more
infrastructure
level.
A
You
know
they
keep.
The
key
point
to
note
from
this
slide
is
around
all
these
people.
You
know
that
they're
creating
their
own
setups
for
livestream,
so
if
actually,
we
can
create
one
decentralized
or
Mis
kind
of
like
globally
owned
monopoly
live
streaming
platform
that
all
these
guys
can
use
like
their
and
probably
use
it
to
cut
costs
out
of
their
business,
which
it's
still
to
be
seen
that
that's
kind
of
the
that
the
interest
point
there.
So,
when
we're
thinking
about
building
life
here,
we're
thinking
about
like
the
use
cases.
A
For
you
know,
white
people
might
want
to
use
life
here
over
another
service,
something
we
talk
a
lot
about
is
that
is
unsensible
life
journalism.
So
we
saw
this
certainly
with
like
the
Arab
Spring
stuff
happening.
There
was
a
lot
of
energy
brought
together
through
the
use
of
social
media
and
through
the
internet.
I
often
talk
about
you
know,
I'd
love
to
be
able
to
see
live
images
from
someone's
smartphone
of
the
Rockets
going
across
the
sky
in.
B
A
Kind
of
you
know
acknowledged,
fell
about
this
for
fake
news.
Stuff,
that's
happening
now.
It
has
some
implications
for
maybe
the
reality
of
the
news
that
we
see
if
there's
kind,
of
a
more
open
opportunity
for
those
screening
of
video
content.
The
other
thing
we
talk
about
is
like
automatic
scaling,
so
I
can
remember
working
for
Sky
TV,
big
media
company
in
the
UK,
and
they
had
a
really
big
fight,
like
boxing
match,
two
guys
standing
in
a
ring
trying
to
figure
out
of
each
other
and
they
needed
just
for
that
event.
A
They
needed
to
build
like
they
needed
to
double
the
size
of
their
infrastructure
for
one
night,
one
I
own,
because
so
many
people
were
going
to
be
watching
this
big
boxing
match
and
I
think
with
something
like
a
decentralized
network
where
anyone
can
come
and
add
a
node
to
the
network.
This
allows
the
ability
to
scale
up
and
scale
down
relatively
quickly
using
existing
infrastructure.
That's
owned
by
people
like
you
and
me
bottom
left.
This
kind
of
is
about
opening
up
new
commercial
models
for
live
streaming
and
for
media
distribution.
A
So
we've
already
heard
about
subscribing
to
your
TV
channel
and
paying
$39.99
a
month
to
get
17
million
different
channels.
If
you
never
watch,
we've
all
seen
things
like
YouTube
and
YouTube
live
where
you're
starting
to
watch
the
video.
Before
you
must
do
this,
it
must
be
skip.
Add
in
five
four
three,
two
one
now
to
the
interesting
stuff,
so
these
I
feel
alike,
relatively
old,
commercial
models
for
monetizing
content
and
I.
A
Think
what
we're
providing
is
a
platform
and
a
basis
upon
which
people
can
really
start
to
innovate,
come
up
with
new
ideas
of
how
to
how
to
monetize
content
in
a
peer-to-peer
way.
I'm
sending
you
information,
you're,
sending
me
maybe
money
back
in
real
time
and
I
feel
with
this
kind
of
growth
of
cryptocurrencies
and
blockchain.
We
we
get
closer
to
that
kind
of
paradigm
and
I.
Think.
A
One
just
around
like
video
enabled
deaths
if,
if
people
are
starting
projects
now
or
start
a
project
recently
to
to
build
some
new
stuff
on
blockchain
technology,
and
they
have
a
video
live-streaming
aspect
to
it,
then
look
no
further
than
life.
There
were
an
open
solution
which,
where
we
can
all
participate
in
kind
of
creating
this
this
network.
So
so
yet
sometimes
talk
about
you
know
teenagers
in
their
bedrooms.
Saying
hey
I
want
to
build
this
software
like
how
do
I
do
the
video
are
good
life
to
be
a
brilliant?
That's
easy
super
easy!
A
D
A
Is
this
slide
gives
a
bit
of
a
picture
of
how
how
the
ecosystem
works
for
today
commercially,
so
you've
got
on
the
left-hand
side,
a
broadcaster,
and
they
want
to
broadcast
content,
and
typically,
they
have
some
kind
of
commercial
deal.
With
a
video
platform
like
whatever
like
live
stream.
Like
you
stream,
and
this
video
platform,
infrastructure
provider
will
charge
the
broadcaster
a
certain
amount
of
money.
And
this
this
money
to
to
transmit
content
is
going
to
be
a
combination
of
costs
that
are
associated
with
with
keeping
the
infrastructure
alive,
but
also.
D
A
We
still
have
the
broadcaster,
whose
interest
in
in
disseminating
content
out
through
the
network,
but
right
now,
if
the
life
in
network
is,
if
they
are
providing
infrastructure
for
live
streaming,
video
they
actually
have.
Two
sources
of
revenue
coming
in
one
is
like
a
stable
source
of
revenue,
which
is
newly
minted
live
pair
tokens,
which
we'll
talk
a
little
bit
about
later.
A
So
this
is
the
cryptocurrency
that
underpins
the
network
and
effectively
is
kind
of
driving
to
network,
and
the
idea
here
is
that
this
will
result
in
reduced
costs
for
broadcasters
to
be
able
to
put
content
out
there,
because
there's
a
kind
of
a
commercial
incentive
for
people
to
compete
with
each
other
to
provide
a
cheaper
best
at
better
service
and
now
I
feel,
like
I,
have
already
explained
that
very
well
done.
I'll
move
on.
A
D
A
I
hope
I
hope
this
is
kind
of
the
rights
that
are
leveled
in
terms
of
how
the
whole
setup
fits
together,
protocols
and
so
on.
So
typically,
a
broadcaster
on
the
left-hand
side
is
broadcast
as
a
little
rtmp.
It's
what
with
live
streaming
from
this
map
down
here
and
they're,
sending
rtmp
content-
and
this
is
you
know-
maybe
30
frames
per
second
of
video
and
audio
sampled
at
44,
kilohertz
and
they're.
Sending
this
into
you
know.
A
The
first
step
on
the
process
between
broadcaster
and
viewer
is
to
process
process
the
content,
so
I'm
broadcasting
here
at
1920
by
1080,
that's
full
HD.
A
lot
of
people
around
the
world
can't
watch
that
so
because
or
they
they
they,
they
can
only
watch
because
they
have
smaller
screens.
So
the
first
piece
of
work
that
needs
to
be
done
is
transcoding
this
video
from
Full
HD
down
into
smaller
formats,
and
this
is
what
the
media
server
transcoder
does
so
included
them
all
this
as
well.
A
You
know
when
you're
when
you're
live
streaming
content
a
lot
of
people
want
to
save
it,
as
also-
and
this
is
then
maybe
spec
stored
in
some
kind
of
persistent
storage
mechanism
or
content
distribution
network.
That's
responsible
for
moving
all
these
bits
and
bytes
around
the
world.
Sort
of
someone
in
Australia
wants
to
watch
that
they
can
watch
with
low
latency
and
then.
A
If
you're
on
on
on
a
weak
smartphone
and
probably
the
screen
is
not
so
great
or
if
you're,
watching
on
a
big
full
screen
TV,
maybe
your
resolution
you
can
get
is
it's
called
1080p,
but
what
life
there
allows
is
catering
to
all
the
kind
of
the
different
audiences
in
between
so
kind
of
taking.
Taking
all
that
complexity
and
doing
the.
C
A
Very
seeking
to
do
to
become
the
live
streaming
element
of
the
web.
3.0
stack
to
condense,
down
a
whole
theme
of
complexity,
just
to
make
it
substantially
easier
for
people
to
get
content
out
there
to
to
be
able
to
trust
that
no
one's
going
to
turn
that
kind
of
content
off
and
they're
not
going
to
be
censored
and
yeah.
A
A
The
video
people
in
the
room,
that's
based
on
FM,
a
standard,
open
sourced
piece
of
software
for
presetting
video
and
then,
secondly,
we're
building
some
economics
into
the
token
and
into
the
smart
contracts
that
incentivize
in
fact,
incentivize.
The
people
who
make
up
the
network
to
provide
good
services
and
effectively
to
kind
of
compete
with
each
other
to
make
the
overall
network
stronger
and
we'll
go
into
that.
A
little
bit
of
detail
in
a
minute
about
how
to
how
that
would
work
so
like
at
a
very
basic.
D
A
A
Just
so,
we
can
kind
of
get
uptake,
but
it's
an
open
system.
So
if
anyone
wants
to
come
in
and
add
more
transcoding
options
into
the
mix,
then
of
course
this
is
fully
open
and
free,
you
don't
need
my
permission,
okay,
so
this
is
where
we
get
into
a
little
bit.
The
delegated
proof
of
stake
around
how
we
try
to
encourage
and
incentivize
reliability
in
the
transcoding
notes,
so
think
about
it.
As
a
euro
broadcaster,
you
want
to
broadcast
the
content
that
you
want
to
get
out
to
lots
of
people.
A
A
In
the
system
trying
to
gain
the
system
by
saying
yeah
yeah
take
your
content,
yeah
yeah,
transcoding
and
process
it,
but
actually
not
doing
any
of
the
work
but
still
taking
the
money.
So
a
lot
of
our
mechanism
for
crypto
incentivization,
it
is-
is
seeking
to
encourage
reliability
and
super-high
level.
We,
if
you
are
a
holder
of
the
light
pay
token,
so
there
will
be
10
million
near
them
minted,
hopefully
end
of
March.
You
have
an
option
of
participating
with
your
token
in
the
network
and
it's
a
little
bit
like
micro
investing.
A
So,
for
example,
if
Maurice
is
running
a
live
peer,
node
and
I
know
Maurice
and
I
know
Maurice.
Can
you
know
if
he
knows
how
the
hardware
works?
He
understands
the
software
I
can
take
some
of
my
tokens
and
I
can
stake
them.
I
can
bond
them
to
maurices
node,
and
this
will
show
everyone
in
the
network
that
I
trust
Maurice.
It
will
show
everyone
who's
wanting
to
broadcast.
That
Maurice
has
the
most
amount
of
tokens
bonded
to
him,
so
he
looks
good
and
needs
a
new
week.
A
We
can
check
his
halftime
of
his
performance
and
his
reliability,
and
we
see
he's
super
good
and
reliable,
and
this
allows
him
to
charge
higher
prices.
So,
if
I'm
looking
for
someone
to
do
the
transcoding
work
for
my
my
video
broadcasting,
I'm
looking
for
a
good
deal
and
all
of
all
the
nodes
in
the
network
can
set
that
price.
So
if
there's
one
hundred
thousand
nose
making
up
a
mesh
network
around
the
world,
you
can
sort
them
by
price.
You
can
sort
them
by
how
much
token
has
been
bonded
to
them.
A
You
can
sort
them
by
their
uptime
and
how
good
they
are
performing.
You
can
sort
them
by
how
many
black
marks
they
have
against
their
name.
So
if
they
have
black
marks
that,
maybe
you
don't
want
to
use
them
or
maybe
if
they
have
black
marks,
you
do
want
to
use
it
because
they're
super
cheap,
but
like
the
long
and
short
of
it,
is
that
the
design
of
the
token
the
design
of
the
protocol
seeks
to
create
competition
within
the
network
so
that
the
overall
network
becomes
stronger.
G
E
A
It
definite
wouldn't
be
a
manual
thing.
It's
the
way
the
process
would
work
is
when
I
am
a
broadcaster
and
I
want
to
stop
broadcasting.
I
would
publish
a
contract,
a
smart
contract
to
say,
I'm
looking
for
someone
to
broadcast
sorry
to
transcode
this
broadcast
one
hour.
This
is
the
maximum
I'm
willing
to
pay,
and
actually
this
is
baked
into
the
the
mechanism
of
matching
broadcasters
transcoders.
A
A
A
A
So
much
so
in
terms
of
like
enforcing
good
behavior
on
the
network
and
validating
that
the
people
who
are
doing
the
work
and
getting
paid
for
it
in
in
etherium
or
ERC
20
tokens
we're
using
a
system
called
true--but
connected
with
swarm
to
verify
and
validate
that
the
work
has
been
done
correctly.
So
it's
done
on
a
sweater
like
a
spot
check
basis,
randomly
selecting
samples
from
different
transcoders,
seeing
what's
been
sent
to
them.
A
The
content,
seeing
what's
been
output
and
to
verify
and
validate
whether
the
input
and
the
output
and
the
process
that
they're
supposed
to
have
gone
through,
has
actually
been
done
correctly
and
I'd
say
majority
of
times
it
will
be,
it
will
be
done
correctly.
The
content
will
be
stored
in
swarm
and
true--but
will
be
the
work,
the
mechanism
for
validating,
exactly
how
that
works
right
now,
I,
don't
know,
but
I
do
know
that
our
guys
are
working
very
close
to
the
tree
to
make
this
thing
real.
A
A
A
I
didn't
really
understand
exactly
how
this
slide
works
was
a
little
bit
more
around
the
architecture
of
how
we're
using
how
we're
using
swarm
as
a
as
a
content
distribution
network.
Maybe
this
is
also
aspirational.
I
cannot
be
sure.
Okay,
this
bit
I,
do
know
a
lot
about,
so
this
is
nicely
place
and
cool.
So
in
terms
of
waiver
wrap
roadmap
and
past
performance,
we
kicked.
A
D
A
D
A
C
A
A
Real
because
you
have
some
reputation,
you
could
lose
if
you
screw
it
up
and
actually
we've
deployed
a
ring
that
we
lost
last
week
and
we're
going
through.
Currently
a
security
audit
trail
of
it's
in
the
u.s.
trying
to
break
it,
trying
to
hack
it
trying
to
steal
the
fake
etherion
so
that
we
can
see
if.
A
Hopefully,
there
aren't
well,
hopefully
the
ones
that
any
any
of
the
to
come
will
be
able
to
fix
relatively
quickly,
because
we
have
big
kind
of
target
late,
March
early
April
to
press
that
big
red
button
or
whatever
it
is
that
deploys
all
the
smart
contracts
that
creates
ten
million
large
pay
tokens
that
distributes
the
tokens
that
are
already
been
sold
and
like
sets
this
network
free
to
the
world
and
exactly
what's
going
to
happen,
then
we
don't
know
it's
going
to
be
fun.
It's
gonna
be
a
wild
ride,
but.
A
High
level,
what
we
hope
will
happen
is
that
we
could
get
the
tokens
into
the
hands
of
people
who
are
incentivized
and
infused
to
help
us
build
this
new
life
streaming
network
and
together
as
a
community.
We
can.
We
can
build
a
future
keeping
this
for
us,
okay.
So
if
anyone's
interested-
and
it's
looking
for
ways
to
get
involved
in
the
project
like
simple
basic
step,
number
one
is
run
a
node.
A
If
you
get
life
paired
up
or
there
are
links
there
through
to
our
code
base
on
github,
which
is
all
fully
open
source,
we've
got
releases
happening
every
week
or
two,
and
you
can
download
the
software
run.
The
set
go
set
yourself
up
with
some
test
aetherium
and
start
live
streaming
on
life
here,
there's
a
very
nicely
and
well
refined
kind
of
step-by-step
documentation
about
how
to
get
from
where
you
are
life
stream.
A
You
know
life
here,
that's
something
you'd
like
to
do
the
other
thing,
I'm
encouraging
a
lot
kind
of
like
my
role
here
is
around
creativity
on
top
of
this
platform
that
we're
creating.
So,
if
you're
interested
in
any
kind
of
decks
that
involve
live
streaming,
video
of
video
content,
it
doesn't
need
to
be
sensitive
resistant.
A
The
other
way
to
get
involved-
and
this
is
like
switching
this
is
kind
of
like
relatively
hot
news-
is
we're
gonna
start
giving
away
our
tokens
to
people.
So
these
tokens
are
worth
money
not
yet
on
the
open
market,
because
did
I
say
they
don't
actually
exist
yet.
But
this
is
that
this
is
something
we're
working
towards
when
the
token
does
exist
and
starts
to
have
a
financial
value
on
the
open
market.
A
F
A
The
other
thing
is,
we,
you
know
we're
building
trying
to
build
this
global
decentralized
project.
A
lot
of
the
guys
who
were
working
on
that
based
in
the
US
but
kind
of
a
core.
Is
it's
East
Coast
in
New
York,
some
people
in
California,
as
you
can
see,
I'm
here
in
Berlin,
one
of
the
projects
that
I
run
here
in
Berlin
is
part
of
life.
Here,
it's
like
a
TV,
which
is
the
the
first
ever
TV
channel
on
the
life
peer
network.
A
So
we
are
we're
effective,
like
a
startup
TV
network,
we
broadcast
them
like
they're,
obviously,
and
we're
a
lot
of
lean
our
early
concepts
around
music.
We,
we
have
some
nice
recordings,
which
we've
also
published
at
places
like
d2,
so
we're
kind
of
fully
decentralized
land
and
yeah,
it's
kind
of
a
fun
and
enjoyable
way
for
doing
infrastructure
testing,
whose
life
streaming
beautiful
content
and
nice
music
through
the
platform
so
life
here
TV.
You
know
everyone
else
to
me:
how
do
I
get
to
it?
It's
like
it's.
A
Just
like
big
TV,
like
old
school,
going
to
a
browser,
opening
up
a
URL
and
there's
no
sign
in
there's
no
login.
You
know
your
grandmother
can
do
it.
So
that's!
That's
fine
and
I
see
you
like
like
call
to
action
for
this.
One
is
if
anyone
has
interesting
ideas
for
content
at
the
moment,
I'm
really
looking
for
people
who
want
to
talk
about
blockchain
theory
and
related
projects.
A
It's
a
nice
open
space,
there's
kind
of
studio
area,
there's
chiller
area
with
kitchen.
It's
not
a
huge
space,
but
with
kind
of
skill,
a
small
project,
but
it's
definitely
enough
to
come
and
call
your
living
room
or
your
home
if
you're
in
a
caucus
at
all
area,
which
you
know
I
have
a
lot-
and
this
is
where
we
have
some
fun
and
games
now
again
with
violins
and
guitars
and
cameras
and
and
life
streaming
equipment.
So
you
are
welcome
to
our
community
space
to
come
and
do
live
streaming
stuff
with
a
live
paint
network.
A
Maybe
take
my
details
later
or
take
a
card
from
here:
okay,
that's
kind
of
it
for
the
formal
part
of
the
presentation.
I,
don't
know
if
it
was
too
fast,
too
slow,
not
enough
content
to
high
level
of
high
level
enough.
But
I've
got
well
people,
I
haven't
even
asked
for
questions,
but
people
are
already
putting
their
hands
out
yet
I
think
I
saw
you
first,
but
maybe
take
the
microphone
and
then
then
you'll
be
on
the
live
stream.
E
E
D
A
A
Yeah,
you
can
show
your
your
your
etherium
public
address
to
anyone
who
read
this
is
more
in
terms
of
like
paying
the
content
creators
or
the
producers
or
the
broadcasters
directly.
This
isn't
the
likely
project
life
care
project
is
purely
about
building
fundamental
based
foundation.
So,
like
we're
a
nice
big
building
here,
but
this
building
has
a
big
concrete
block
in
the
bottom.
That's
like
the
core,
the
stable
bit.
A
What
we're
seeking
to
do
is
to
build
the
best
we
can
global
infrastructure
for
live
streaming.
It's
a
sense,
sometimes
my
analogy
I
use
is:
you
can
put
antenna
on
top
of
a
building
and
broadcast
radio
waves
for
TV
or
for
sound
and
that's
like
imitating
where
you
can
get
to
based
on
the
earth.
So
what
what
we're
trying
to
do
is
a
bit
more
around
digital
version
of
radio
waves
that
anyone
who
broadcast
on
so
in
terms
of
the
economics
of
how
the
this
protocol
is
seeking
to
be
to
be
built.
B
A
A
The
the
creation
of
newly
minted
tokens
is
an
intentional
thing
to
also
create
some
kind
of
inflationary
mechanism
within
the
system.
So
if
new
tokens
are
being
created
all
the
time,
the
total
supply
is
going
up
all
the
time.
If
you
are
not
participating
with
your
tokens
in
the
network,
if
you're,
holding
them
and
keeping
them
in
your
wallet
and
not
playing
nicely,
the
value
of
your
tokens
is
slowly
going
around
based
on
the
inflation
has
built
into
the
the
economic
system.
A
This
we're,
hoping
and
expecting
will
provide
crates
and
incentive
people
to
actually
participate
somehow,
even
if
it's
just
at
the
level
of
me
staging
like
my
tokens
to
Maurice
is
known
but
I
feel
like
this
is
something
that
we
that
would
encourage
more
participation,
more
awareness,
a
greater
interest
in
what
it
is
that
the
networks
actually
doing
more
participation
and
contribution.
I
guess
again,
I,
don't
know
if
have
answered
the
question.
E
A
C
There's
a
cool
economic
mechanism
within
life
here,
where
they
target
a
participation
rate
and
basically
fluctuate
the
inflation
rate
to
purchase
to
target
a
certain
percentage
of
the
flow
that's
being
staked
by
the
media
servers.
And
so
it's
a
inversion
of
how
we
typically
think
of
the
economics
of
these
systems,
where
historically,
we
targeted
inflation
rates
and
hope
for
certain
participation
rate
like
peers,
really
inverting.
That
so
I
think
that
would
be
something
really
fascinating
to
watch.
B
A
B
A
A
B
A
Clarifies
if
this
is
this
isn't
life
here.
This
picture,
this
picture
is
how
it
works
in
the
industry
today.
So
if
you're,
for
example,
streaming
to
YouTube,
the
first
thing
you
will
do
is
transcribe
your
content
and
then
it
will.
It
will
disseminate
this
out
into
its
network
of
content,
distribution,
yeah.
B
A
A
But
the
payment
to
the
trans
made
in
80
years
in
2013.
This
is
what
we
see
is
a
value
of
being
part
of
the
etherium
ecosystem.
So
if
you
want
to
pay
annalisa
go,
if
you
want
to
pay
in
basic
attention
to
open
or
anything
and
it's
dead
out
of
cases,
what
does
the
transcoder
accept
in
terms
of
payment
and
what
are
their
rates
in
goal
and
attentiveness
or
whatever
it'll
be
okay,.
B
This
means
I
need
at
least
ten
thousand
servers
or
ten
thousand
loans
to
distribute
the
information,
and
this
means
any
ten
thousand
transactions
would
would
take
about
an
hour
maybe
longer
to
just
to
rush
into
anything
else.
If
we
take
an
hour
just
to
pay
services
and
sacrifice,
it
was
rightly
I
believe.
A
Not
what
I
believe
is
that
it
would
the
smart
contract
and
the
money
changes
hands
for
the
job
of
transcoding.
So
that's
like
the
fundamental
base
building
block
of
what
the
nodes
are
doing
after
that
in
relaying
has
done
exactly
how
that
works.
Apply
the
protocol
I'm
not
the
best
person,
to
answer
that
one.
A
F
A
E
F
A
Right
so
the
rhythm
does
a
lot
of
potential
value
here.
There's
a
lot
of
potential
benefits
that
can
be
gained
by
having
decentralized
live
streaming,
we're
starting
with
the
first
step
in
the
process,
so
building
a
protocol
that
is
based
around
transcoding,
because
it's
the
first
thing
that
needs
to
get
done
before
anything
else
happens
can
I
in
visitor
a
scenario
where,
in
some
years
time,
the
protocol
has
been
tweaked
so
that
it's
also
designed
to
incentivize
CDN,
like
capabilities
absolutely,
are
we
building
that
right
now?
No,
like.
F
A
Startups
and
also
potentially
other
blockchain
collective
projects,
but
also
part
of
the
lively
community.
You
know
if,
if
the
life
peer
token
gets
into
the
hands
of
enough
people
who
have
the
ability
to
bring
their
expertise
and
their
energy
to
to
make
the
overall
network
stronger,
then
they
stand
to
benefit
from
it.
So.
F
D
C
F
B
B
A
Like
like
this,
does
the
level
of
thinking
about
this,
which
is
when
the
policeman
comes
to
your
house
and
says
you
must
stop
streaming
this
and
you
say
no
and
he
cuts
a
cable
on
a
wire.
That's
an
attack
point,
but
then
there's
also
like
massive
distributed
denial-of-service
on
a
theory
and
network
and
on
the
whole
life
grid
network
and
knows.
A
A
Said
we
want
to
port
the
light
they
go
to
the
Bitcoin
blockchain
we'd
be
like
go
for
it,
good
luck,
Wow,
okay
and
it's
running
even
even
more
place,
it's
cool,
but
the
details
of
how
that
will
work,
definitely
or
not.
I
don't
have
in
my
head
right
now,
but
I'm
sure
it's
possible,
but
maybe
some
other.
A
G
Would
like
to
your
old
world
too
technical
details,
but
just
into
that
first
question:
is
that,
like,
if
somebody's
I
think
as
a
broadcaster,
there
might
be
like
an
issue
like
that
in
a
plot
I,
don't
know
what
the
hell
I
like
that
tough
meeting?
Can
it
be
like
in
a
way
like
a
potentially
dangerous
for
me
being
like
a
zoo
because
I'm
acting
like
the
broadcaster,
we
don't
you.
A
G
G
A
G
G
A
A
A
Is
going
to
come
down
to
how
the
community
deals
with
things
like
this?
Certainly
in
the
case
of
like,
if
you
see
content
that
you
don't
like
where's
the
button
to
say
report
this
content,
the
community,
this
kind
of
thing
life
there
we're
not
focusing
on
that
bit.
Yet
we're
kind
of
hoping
and
hoping
that
someone
in
the
community
will
build
that
or
we
will
at
some
point
if
we
end
up
kind
of
trying
to
turn
our
system
into
a
lot
of
YouTube,
but
I
feel.
G
A
When
we're
live-streaming
so
I'm
using
a
business
optical,
OBS,
open
broadcast
studio,
and
from
this
you
can
recall,
you
can
live
stream
content
directly
from
live
cameras
and
microphones,
but
also
you
can
live
stream
recorded
content.
So
it
does
open
up
interesting
implications
for
piracy
laws
as
well.
So
that's,
but
it's
more
of
a
curated
push
than
a
sea
and
massive
underrated,
on-demand
content.