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From YouTube: Fil+ CryptoEconomics
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A
I'm
zx,
I
lead
crypto
econ
lab
at
pl
and
today
we'll
be
talking
about
field
plus
crypto
economics.
Here's
the
brief
agenda
for
today
we'll
talk
about
the
field
plus
mission.
More
so
like
just
a
recall
like
when
we
first
set
out
what
we
were
thinking
and
then
what
are
some
of
the
goals
that
we
want
to
achieve,
rather
than
the
next
I'm
going
to
make
a
claim.
A
I
think,
like
we
heard
from
many
speakers
earlier,
that
we
talked
about
many
different
solutions
that
we're
exploring
and
then
we
definitely
encourage
more
and
more
of
that
right
and
then,
lastly,
about
like
what
glory
looks
like,
I
think
we
heard
about
people
mentioning
this
in
ecosystem
and
I
think,
like
we
just
want
to
like
make
it
clear.
Oh,
why?
How
are
different
access
of
growth
or
how
do
we
think
about?
A
How
can
we
go
above
and
beyond
and
do
something
even
better
and
then,
lastly,
always
shameless
plug
we're
going
to
host
an
event
on
thursday
crypto
a
whole
halfway,
crypto
econ
lab
team
will
be
here,
and
then
many
of
our
collaborators
will
be
here
as
well
I'll
be
talking
about
our
crypto
econ
lab's
vision
and
our
events
on
thursday,
where
we
dive
into
more
of
these
topics,
cool,
well
field,
plus
mission,
I
feel
like
we
may
not
need
the
reminder,
but
I
feel
like
it's
always
good
to
just
just
my
version
of
it
like
there
could
be
many
versions.
A
Well,
it's
really
about
this
network
of
useful
storage
right.
How
can
we
bring
more
clients,
more
more
growth,
more
adoption,
more
awareness
into
the
falcoid
network,
where
it
transition
us
from
like
a
pure
resource-driven
network
to
like
we're,
adding
like
a
layer
of
social
trust?
We
really
put
this
like
power
and
leverage
into
the
hands
of
clients,
but
then
I
think,
like
a
year
or
year
and
a
half
since
then
right
like
then,
we
asked
ourselves
this
question:
how
many
real
cl,
how
many
of
the
client
really
are
leveraging
this?
A
Like
great
resource
right,
how
can
we
as
a
community,
really
bring
in
more
people
and
really
like
kind
of
like
put
this
like
incentive
to
good
use
right
and
also
just
another
reminder
right?
It's
not
about
whether
we
trust
the
clients
or
not
right,
it's
always
about
like
oh
yeah.
How
much
you
really
trust
them,
like
trust,
is
earned
over
time.
A
It
really
depends
on
how
much
data
cap
and
people
are
getting
right
and
then,
lastly,
it's-
and
I
think
the
last
point
is
also
interesting
too,
because
when
we
are
doing
this
kind
of
crypto
economic
system
right
on
the
cryptography
layer,
it's
software
like
you,
you
have.
You
need
to
have
very
objective
measure
of
like
what
can
you
what
you
can
improve
right,
like
in
the
case
of
foul
coin,
will
be
approved
for
storage,
but
then
the
client
demand
could
be
very
diverse.
Right
like
oh,
I
want
this.
I
want
that.
A
Oh
there's,
like
xyz
different
requests
and
how
can
really
enable
more
economic
diversity?
How
can
we
encourage
more
experimentation
and
allow
more
robustness
to
emerge
right,
so
these
are
kind
of
like
the
mission
and
the
vision
as
we're
setting
it
up.
I
think
like
we
have
made
lots
of
progress
in
the
past
year,
but
I
think
we
can
still
do
a
lot
more
and
then
now
we're
going
to
talk
about
falcon
is
a
necessity.
A
field
plus
is
a
necessity.
Now
I
think
there
are
two
angles
to
it.
A
A
Well,
disclaimer
hypothetical
numbers
100
wrong,
but,
like
the
dynamic
is
not
roughly
the
same
right,
you
get
the
right,
the
same
dynamics
right
so
hypothetically
right,
like
you,
have
this
sp,
I'm
doing
their
nice
cc,
sealing
away
like
on
zero
percent
fuel,
plus
your
their
quality
address.
The
power
is
the
same
as
their
raw
byte
right,
but
then
you
have
this.
Like
hardware
cost
right,
you
have
this
labor
cost
it's
all
in
dollar.
Inflation
is
off
the
chart.
Everything
is
very
expensive
right
like
it's.
A
Let's
say
it
costs
about
a
hundred
dollars
to
get
to
that
one
terabyte
we're
talking
about
unit
economics
right
and
then,
like
your
expected
return,
I
can
do
the
math
there's
projection.
There's
lots
of
tools
out
there,
all
right,
I'm
making
about
five
coin
over
the
course
of
a
year
right
and
then
like.
Oh,
I
also
need
the
collateral
all
right.
Fine,
fine,
fine,
let's
just
write
it
off
right,
like
capital,
call
put
a
percentage
on
it,
simplify
the
math,
all
right,
one
file,
point
of
collateral
cost.
A
So
what
we're
then
looking
at
the
net
profit
really
is
about
the
current
price.
I
don't
know
what
the
price
is
now,
but
roughly
like
in
recent
days
or
weeks.
You
actually
end
up
losing
money
right.
You
might
be
losing
money
depending
on
again
right.
It
depends
on
the
number.
This
number
could
be
entirely
wrong
right
if
you,
if
you
can,
if
you're
like
the
first
row,
is
way
lower,
then
you're
still
profitable
right.
A
But,
given
that
assumption
it's
times
are
hard
right
and
then
okay,
let's
say
hypothetically
all
your
storage
is
in
view
plus
right,
like
100
right
now,
your
quality,
just
a
power,
is
your:
it's
a
10x,
the
robot
power
right,
so
you
can
you're
expecting
to
earn.
Maybe
like
50
coin
over
the
course
of
a
year,
all
right
capital
collateral,
again
write
it
off
all
right.
Actually,
you
can
still
be
profitable
right.
This
is
the
dynamics
here,
it's
like
because
of
the
mod
recent
market
action
and
all
this
like
a
global
macro.
A
The
token
price
has
gone
down
a
lot
right
like
and
you
when
you
when
you
get
your
revenue
from
the
protocol,
it's
in
foul
coin
right
when
you
mark
the
market,
it's
actually
way
lower,
but
you
have
a
fixed
kind
of
fiat
card,
expense
in
your
hardware
and
your
labor
right
like
when
and
then
when
you
map
it
to
the
power
right
like
when
you
have
more
filecoin,
plus,
essentially
you're
diluting
the
proportion
of
like
hardware
costs
in
your
cost
structure,
and
that's
why,
from
this
perspective,
when,
when
it's
good
times
right
falcon
by
this
different
stage,
if
you're-
oh,
not
an
issue
right,
but
right
now,
it's
actually
depending
on
your
cost
structure.
A
It
could
become
a
necessity
and
then
this
is
like
a
chart
from
the
calculator
where
you
actually
see
like
even
those
assumptions
like
you
might
be,
it
might
be,
it's
actually
a
pretty
difficult
time
for
many
of
our
sps
and
then
the
other
angle
is
network
health.
This
is
an
interesting
chart.
I
always
think
of
it
as
one
of
the
leading
indicator
of
the
falcon
network,
which
is
like,
and
the
equivalent
of
this
in
bitcoin
will
be
this
hash
rate
right.
A
This
is
ignoring
all
this
like
termination
like
or
like
thoughts
and
whatnot,
I'm
just
looking
at
how
many,
how
much
a
new
sec,
how
many
new
sectors
are
being
on
board
on
the
falcon
every
single
day,
all
right,
so
you
start
off.
You
have
quite
a
few
interesting
moments
here.
This
is
like
where
hyperdrive
was
so
that
people
were
adding
a
lot,
but
then
like
they
hit
a
bottleneck.
They
couldn't
go
out
further
right.
The
hyperdrive
came
about
okay,
like
just
a
dip
preparing
for
the
upgrade
and
then
boom
right.
A
Here
we
go
and
then
keep
on
going
higher
and
higher,
even
though,
on
the
fifth
level,
I
think
we
can
go
up
to
like
one
extra
byte
of
onboarding
every
single
day.
A
Things
are
amazing
engineers,
but,
like
more
stuff
happen
right
like
so
then
like
we
have
bad
news
hitting
ecosystem
across
the
board,
then
you
have
onboarding
started
coming
down
right,
but
then,
like
I
didn't
and
then
like
this,
I
think
we've
introduced
one
of
the
other
upgrades
and
then
like
in
recent
months
right
before
this
whole,
like
global
macro
downtrend,
you
actually
see
this
kind
of
like
onboarding
rate
increasing
and
then
like
times
are
hard
again
right.
A
So
actually
you
see
like
a
kind
of
like
a
slight
decline
in
the
more
recent
weeks,
so
as
people
onboard
more
storage,
they
also
like
lock
more
falcon
as
well
and
create
more
demand
in
the
in
the
pledge
collateral.
And
then
this
is
also
like
people
are
kind
of
like
swapping
like
fiat
resources
right.
It's
like
it's
like
hash
rate,
essentially
where
you're
putting
in
more
hardware
dedicating
that
to
the
falcon
ecosystem
and
big.
Thank
you.
A
big
shout
out
sps,
you
guys
are
amazing.
A
I
think
we
are
very
fortunate
to
have
you
in
our
ecosystem
and
then
there's
something
on
top
of
that.
There's
something
else
right,
so
we're
just
looking
at
the
net
growth
right
on
top
of
that,
there's
also
expiration
right.
We
also
look
researching
this
at
crypto
econ
lab,
so
this
is
actually
a
chart
on
other
schedule,
expiration
going
forward
so
like
this
is
basically
looking
at
the
chain
data.
You
say,
okay
on
this
particular
day
in
the
future,
how
much
potential
schedule
expiration?
Are
we
expecting
right?
A
So
you
have
this
inflow
and
alpha
info
of
like
power,
but
then
you
also
have
outflow
through
like
expiration
and
all
the
other
stuff.
But
let's
just
look
at
expiration
for
now
right
then
you
have
this
like.
Well,
good
news
is
like
we
see
a
lot
more
sps,
extending
their
sectors,
which
is
great.
Thank
you
and
then,
like
you,
actually
see
like
there's.
You
see
this
trend
of
like
if
you're
more
closer
to
where
we
are
now,
you
have
a
bigger
proportion
being
extended
and
then
like
going
forward
people.
A
I
would
make
this
decision
later.
You
know
like
so
like,
let's
not
extend
and
then
until
we
are
coming
closer
to
the
deadline
right,
but
you
with
this
chart,
though
you'd
also
have
like
potential
collateral
that
might
be
freed
up
from
the
exploration
right.
A
So
you
actually
have
this
inflow
of
token,
but
also
offload
token
as
well
right
and
then
this
dashboard
here
goes
into
the
more
details
and
whole
breakdown
of
like
inflow
and
outflow
right
and
you
so
the
bright
yellow
line
here
so
the
yellow
line
here
is
the
bar
here
is
the
log
collateral
from
the
initial
pledge.
Right,
like
we
saw
like
earlier
on,
onboarding
was
high.
People
are
very
bullish,
lots
of
inflow
of
the
tokens
right
and
then
like
expiration.
If
you,
let's
see,
if
I
can
go
back,
I
can't
go
back.
A
There's
an
expiration
start
hitting
where
you
see
the
peak
right,
then
you
see
this
like
yellow
bar
going
to
negative
right
if
you're
above
the
x-axis,
it
means
that
you
are.
You
are
adding
on
to
the
log
file
going
if
it
below,
meaning
that
you
are
really
getting
released
from
the
log
file
point
right.
So
you
see
this
like
dip
and
then
good
news.
I
think,
like
lots
of
things
happen,
I
think
things
to
work
with
lots
of
people.
I
think
some
of
you
guys
are
sitting
in
this
room
today.
A
Right,
like
you,
see
this
like
chart
going
back
up
again
right,
you
see,
like
the
log
file
code
becoming
positive
again,
and
that
is
the
adoption
of
your
plus
right.
You
see
this
amazing
growth
since
the
beginning
of
the
program
very
proud
of
the
work
that
we
have
done
where
we
are.
We
are
looking
at
about
like
one
pebble
by
of
fuel
plus
data
in
raw
byte
every
single
day
right.
A
So
that's
why
fuel
plus
one
network
health
angle
is
also
super
valuable
now,
both
from
like
a
supply
and
demand
forces,
but
also
in
terms
of
onboarding,
more
clients
and
user
into
our
ecosystem.
A
I
think
running
short
on
time.
Gonna
be
a
bit
quicker.
So
then
we
talk
about
some
of
these
bottlenecks.
I
think,
like
you
guys
like
know
it
better
than
I
do,
but
I'm
just
like
kind
of
like
putting
it
on
here,
so
that
when
you're
watching
this
video
we're
all
on
the
same
page
right
like
client
acquisition,
how
can
we
get
more
client
right,
like
bd,
is
tough
and
then
like
there's
also
regulation
compliance,
but
I
think
the
the
positive
thing
is
this
right.
A
We
have
many
teams
in
our
ecosystem,
really
passionate
about
doing
this,
and
it's
really
like
heartwarming,
and
also
very
like
excited
for
me
to
see
like
all
that
many
of
sps
they
do
have
a
bd
team
right,
it's
kind
of
unheard
of
in
all
of
web3.
We
should
talk
about
that
more
right
in
the
whole
of
f3
ecosystem
right
and
then
like
and
also
like.
How
do
we
so
and
then
we
think
a
bit
more
better?
How
can
we
increase
this
throughput
right?
A
We
have
everybody's
doing
this,
and
how
can
we
get
even
more
people
to
onboard
more
clients
right?
That's
why
I
think
the
talk
from
cb
just
now,
big
data
exchange
is
very
interesting
right
and
then
there's
the
cloud
care
about
regulation,
compliance
and
alex
talk
about
it
as
well
right
like,
but
what?
If?
A
Let's
just
start
simple
right,
it's
one
public
data,
don't
tell
me
all
this
regulation
like
let's
just
find
the
code,
the
safest
data
to
store,
and
let's
make
sure
we
know
where
they're
stored,
we
can
index
them,
we
can
find
them
and
then
we
can
go
from
there
right
and
then
then,
having
and
when
we
go
to
like
storing
data,
there's
also
preparation
and
transfer
right.
It
needs
to
be
processed
and
write,
format
paint
yes
and
then
this
needs
to
be
sent
and
then
like
and
there's
also.
A
But
the
good
news
is
many
teams
know
how
to
do
this
right.
We
have
a
very
big
ecosystem
right.
Just
people
may
not
know
this
is
a
bottleneck.
They
may
not
know.
This
is
what
we
need
and
then
now
the
way
is,
how
can
we
really
like
kind
of
like
raise
a
clarion
call
and
really
bring
more
people
to
actually
do
this
right
like
and
then
potentially
creating
a
business
around
for,
so
that
all
these
teams
can
be
formed,
and
then
I
can
be
more
sustainable
and
also
people's
governance
that
we
talked
about
about
this?
A
Whether
it
should
be
really
be
abundant.
How
can
we
streamline
the
process?
How
can
we
do
analytics
more
efficiently,
effectively?
David's
talk
was
great
as
well,
and
then
the
last
bit
is
this
right.
We
do
we.
Now
we
have
80
payback
a
few
plus
on
the
networks.
It's
huge,
but
I
feel
like
outside
of
our
ecosystem
like
we
need,
we
need
more
random,
we
need
more
buzz
right
like
do
we
and
then
even
we
ask
ourselves.
Okay,
do
I
really
know
who
are
this
client
when
what
this
data,
where
are
they
stored?
A
Rather
can
we
have
a
gallery?
I
always
want
a
gallery
like
been
talking
about
this
since
the
beginning
of
field
plus.
Maybe
we
should
get
teams
about
that
too
right
and
then
how
do
we
really
generate
more
buzz
and
attention
around
all
the
amazing
work
that
we
are
doing
right
like
if
80,
but
it's
like
you
can
put,
maybe
like
10
f3
in
it
right
like
so
it's
actually
huge
right.
Let's
make
sure
we
have
more
visibility
and
attention
in
our
ecosystem
all
right
running
shot
on
time.
But
what
good
looks
like
right?
A
We
want
to
prepare
by
the
day,
push
the
envelope.
Why
not
five
right
now,
ten
right
like
and
then
like
get
more
people
involved
more.
I
think
we
talk
about
all
this.
Like
all
this
bottleneck
and
then,
like,
I
think,
given
where
we
are
that's
my
personal
take
right.
Public
data
is
like
you,
get
more
banners
and
also
like
more
utility,
potentially
better
than
more
valuable
than
the
private
data
right,
retrievable
content
right.
I
think
we,
I
think,
remember
in
the
early
days
of
fuel
plug
we
talked
about.
A
Oh,
how
can
we
set
up
a
governance
principle?
I
was
like
maybe
let's
just
make
it
simple,
public
and
retrievable.
If
you
don't
meet
this
criteria,
you're
out
right
but
again
right
depends.
That's
my
take
right.
It
depends
on
how
the
ecosystem
evolved
and
how
the
governance
process
evolved
and
also
like
longer
term
deals.
More
commitment
is
always
better
than
short-term
deals
right.
A
It's
less
useful
for
clients
all
right,
so
I
don't
get
to
talk
more
about
the
crypto,
econ
labs
division
and
what
we
are
doing,
but
we
have
a
whole
day
dedicated
to
it
and
I'll
talk
about
it
again
tomorrow,
if
you
feel
austin
but
just
come
to
our
come
to
our
event,
you'll
be
on
thursday.
Here's
the
registration
we'll
go
through
many
of
the
things
that
we're
working
on
in
our
lab
in
greater
details.