►
Description
No description was provided for this meeting.
If this is YOUR meeting, an easy way to fix this is to add a description to your video, wherever mtngs.io found it (probably YouTube).
A
Over
here
at
big
data
exchange,
our
mission
is
this
mission
is
very
important
and
we
try
to
align
ourselves
with
advancing
falcoin's
mission
of
creating
a
decentralized,
efficient
and
robust
foundation
for
humanities,
humanities
information,
so
yeah.
So,
let's
quickly
get
to
what
big
data
exchanges,
it's
basically
a
marketplace
where
storage
providers
can
come
to
bid
to
store
valuable
data
from
clients.
A
We
want
to
provide
an
efficient
and
transparent
do-making
process,
and
it's
in
so
doing.
We
achieve
two
things
number
one.
We
provide
sp
with
a
transparent,
consistent
and
efficient
pipeline
of
powerplus
deals
and
number
two.
We
increase
clients,
awareness
and
adoption
of
decentralized
cloud
storage.
A
So
I
know
today
is
five
plus
days,
and
everyone
should
know
what
power
plus
is,
but
for
the
benefit
of
people
who
are
not
aware,
I'm
just
going
to
briefly
touch
on
it
on
a
very
high
level.
Fireplus
is
a
program
to
increase
falcon's
mission
and
achieve
effectiveness
in
achieving
its
mission.
It's
a
layer
of
social
trust,
aim
at
maximizing
the
amount
of
useful
storage
via
the
allocation
and
deployment
or
data
cap
in
the
diagram
here.
The
movement
of
data
cap
is
is
the
example
of
this
social
trust
at
a
very
high
level.
A
Notary
will
determine
how
much
data
cap
to
allocate
the
clients
and,
in
turn,
clients
need
to
show
notaries
that
this
data
that
have
been
stored
is
useful
and
where
it's
being
stored
and
when
they
transact
with
sp
they
pass
on
a
data
cap.
They
deploy
it.
So,
when
sp
have
this
data
cap,
they
essentially
have
a
10
times
increase
in
quality
adjusted
power,
so
that
is
five
plus
for
everyone
here.
A
So,
for
example,
you
know
a
50,
terabyte
storage,
now
50
terabyte
data
can
now
be
perceived
as
a
500
heavy
bike
of
storage
power.
So
now
that's
very
interesting
right
because
essentially
it
creates
a
very
powerful
and
incentive
structure.
It
changes
the
whole
whole
economic
structure
and
that's
good
for
all
the
participants
in
the
powerpoint
economy.
A
A
So
the
question
we
have
to
ask
is:
how
do
we
allocate
this
additional
resources
right
on?
The
left
is
a
simple
economic
theory
called
trigger
economics.
I'm
no
economist,
so
I'm
not
here
to
debate
whether
it
is
accurate
or
not.
A
I
hereby
declare
that
I
have
no
view,
but
this
picture
suggests
that
you
know
when
you
pour
the
champagne
only
the
top
few
glasses
have
that
have
champagne
and
the
rest
don't
get
it.
So
I
have
no
view
on
that.
But
what
I
believe
is
in
the
efficient
market
theory
where,
oh,
where
participants
in
the
economy
can
come
in
together.
A
True
forces
of
supply
demand
and
prices
determine
the
value
of
the
additional
qa
power
illustrated
here
so
so
now
we
open
the
floodgate
that
this
data
has
value
right,
but
we
don't
know
what
the
value
is.
That's
why
we
create
the
auction
house.
We
want
people
to
come
in,
they
want.
We
want,
in
the
bid
and
through
the
the
forces
of
price
demand
and
supply
created
value.
But
what
we
do
know
is
that
sps
can
now
reasonably
ex
predict
their
projected
rewards
over
the
course
of
the
next
360
days,
based
on
yesterday's
data.
A
A
I
think
I
should
click
twice
every
time,
so
this
is
the
power
I'm
most
excited
about.
You
know
now
we
have
given
value
to
valuable
data,
and
you
know
earlier.
I
said
that
our
mission
is
to
advance
powercoin's
mission
and
that's
always
our
guiding
north
star
in
this
diagram.
We'll
show
you
that,
because
now
there's
value
teams
can
much
better
predict
their
cost
and
they
will
employ
deploy
resources
to
build
teams,
deploy
capital
deploy,
hardware
software.
A
So
now
the
pi
is
bigger
and
you
know
I
always
assume
everyone
is
a
profit
maximizer,
so
everyone
will
come
in
and
they
will
build
all
this
stuff
for
the
falcon
network.
That's
why
it's
very
important
for
me
to
to
pitch
this
product,
because
I
think
this
will
be
a
win-win
for
sps
and
clients.
A
So
yeah.
I
think
I
mentioned
this,
so
this
is
very
important.
That's
why
I
bought
it.
Mobilization
of
resources,
teams
and
capital
into
sourcing
preparing
and
storing
a
valuable
data
currently
is
a
very
technical
process,
and
you
know
I
think,
when
there
are
more
teams,
there'll
be
more
efficiency
and
perhaps
it
will
pave
the
way
for
further
innovation.
A
So
now
we
cover
why
clients
want
to
come
to
big
data
exchange
quickly
cover
why
sp
want
to
come
to
big
data
exchange,
as
well
as
I've
illustrated
sps,
are
now
incentivized
to
take
on
field
plus
deals,
and
there
are
commonly
two
methods
of
sourcing
for
use.
One
is
if
you're
asp
you
build
a
beauty
team.
You
go
out
there,
you
source
you,
you
try
to
pitch
for
clients,
it's
expensive,
it's
a
call
center
and
sometimes
the
leads
lead
to
nowhere
and
second
thing,
which
is
something
that
we've
seen
as
well.
A
You
beat
the
clients
yourself
and
that's
essentially
self-dealing
and
if
history
has
taught
us
anything,
we
know
that
it's
unsustainable.
Moreover,
the
process
is
opaque
right,
so
you
remember
notary.
They
will
give
data
based
on
transparency.
They
want
to
know
where
it's
going,
so
this
presents
a
high
hurdle
to
get
those
fieldplus
do
as
well.
So
that's
why
we
created
big
data
exchange,
because
we
feel
we
can
fill
in
the
needs
for
these
sps.
A
We
can
provide
a
strong
pipeline
of
fuel
plus
deals,
and
so
now,
as
people
need
to
need
to
focus
on
what
they
do
best,
which
is
to
provide
data,
storage
and
retrieval
services.
Now
a
lot
of
people
ask
me:
why
would
sp
pay?
You
know
pay
for
a
deal
right
because
they
are
storing
data
they're
using
their
hardware
equipment,
there's
cost.
Why
would
they
do
that?
Doesn't
make
sense?
Well,
they
were
willing
to
do
that
because
of
field
plus,
because
now
we
have
improved
economic
structure
for
them.
A
We
have
to
remember
that
sp
they
spend
investment
in
storage
and
stealing
hardware
right.
So
when
there
is
improved
economics
now
they
have
a
better
willingness
to
pay,
so
they
want
to
acquire
this
field
plus
deal
so
that
they
can
seal
faster.
They
can
store
faster
and
they
can
get
more
rewards.
Additionally,
when
on
when
you
come
to
big
data
exchange,
you're
dealing
with
clients
who
are
very
familiar
with
the
deal
banking
process,
what
this
means
is
that
the
deal
making
process
for
sp
they're
very
familiar.
A
This
is
a
very
technical
and
time-consuming
process
when
you're
dealing
with
clients
who
are
familiar
with
it
with
our
assistance,
then
this
process
gets
shortened
and
when
you
save
time
you
have
more
time
to
earn
block
rewards,
so
there's
an
implied
benefit
as
well,
and
also
you
know
previously.
I
mentioned
about
building
a
bd
team
right
now.
You
have
no
need
to
do
that.
You
can
pretty
much
get
few
plus
deal
sort
of
on
demand
if
you
want
willing
to
pay
for
it.
So
you
save
course
on
that
as
well.
That's
again,
another
implied
benefit.
A
A
So
now
that
we
mentioned
now,
we
have
shown
why
sps
and
clients
want
to
come
here
right.
What
is
next,
like
with
every
exciting
marketplace?
Liquidity
gets
liquidity.
When
there
are
a
few
successful
transactions,
sp
will
tend
to
come
in
a
bit
more
aggressively
and
then
clients
will
start
noticing
right,
you'll
see
oh
there's,
so
so
many
exciting
price
action.
A
I
want
to
get
involved
too
so
more
clients
come
in
and
now
this
create
a
virtual
cycle,
and
we
achieve
that,
then
we
can
potentially
be
the
platform
that
match
sp
with
more
than
you
know,
happy
data
level
of
dues,
and
this
is
a
win-win
for
everyone
in
the
powerpoint
network.
A
So
that's
why
we
really
encourage
once
again
sp
clients
come
on
board
the
big
data
exchange
soon
so
like
with
every
auction
when
there's
exciting
price
action,
it
creates
a
lot
of
gen
interest
and
awareness,
so
at
big
data
exchange
we
also
promote
we'll
broadcast
these
successful
auctions
and
in
turn
this
will
raise
awareness
and
hopefully
drive
adoption
for
powercoin
network.
A
Earlier
I
mentioned
about
governance.
How
we
keep
this
process
transparent
right
now.
The
process
for
datacare
allocation
is
arbitrary
and
some
people
think
it's
subjective,
but
on
big
data
exchange,
where
you
see
all
the
transactions
in
a
very
fair
and
transparent
manner
right,
you
know
where
the
data,
what
kind
of
data
is
being
used
where
it's
being
stored,
who
is
storing
them?
So
this
is
a
very
transparent
process
and
it
provides
a
proper
framework
for
notaries
to
now
determine
the
data
allocation
data
allocation.
So
I
think
this
is
a.
A
A
When
everything
I
say
come
to
fruition,
then
big
data
exchange
become
a
repository
of
valuable
data
and
we
know
where
these
data
are
stored.
Now
we
can
do
a
lot,
a
lot
more
things
with
the
community
already,
for
example,
number
one:
we
can
assist
clients
with
data
cap
applications
because
now
it's
a
very
complicated
process.
As
I
mentioned,
it's
very
opaque.
A
I
think
we
can
streamline
this
and
make
it
more
efficient
number
two.
We
can
provide
track
record
and
reputation
for
sps
because
they
are
transacting
on
a
platform.
We
have
all
these
data.
What
do
we
do
with
this
data?
One
example
is
perhaps
we
can
be
the
linkage
between
financing
providers
and
them
financing
when
used
correctly,
can
be
a
very
powerful
tool
to
scale
up
sp
businesses
and
reduce
their
cost
of
capital.
So
there's
an
added
benefit
for
sp
as
well.
The
third
thing
could
be
like
building
a
market.
A
We
always
want
to
be
the,
I
would
say
the
middle.
I
would
not
assume
middle
man.
We
want
to
be
the
platform
to
match
all
participants
within
the
file
coin
network,
and
this
could
include
services
like
data
retrieval,
computer
data
or
more
web3
data
services,
as
we
transition
from
web
through
to
web
3.,
and
the
third
one
is
the
last
one
is
since
we
have
determined
that
valuable
data
has
value,
we
can
even
potentially
create
data
asset
tokens.
A
So
this
is
vision,
2.0,
okay,
so
my
time
is
running
out.
I
will
quickly
go
through
our
mvp,
so
this
is
our
landing
page,
where
we'll
show
the
most
time
sensitive
auction
placed
by
clients
and
if
you're
sp,
you're
interested
you
go
in,
you
enter
the
auction.
You
get
to
see
information
from.
You
know,
data
number
of
copies.
What
is
the
latest
highest
bidding
price?
What
are
the
requirements
and
if
you
feel
it's
a
good
fit,
you
go
in
you
place
the
order
or
you
place
the
bid.
It's
a
very
simple
process.
A
We
need
a
few
clicks
to
get
it
done
and
then
from
us
from
client
perspective
right
now
we
have
a
storage
request.
Application
form,
it's
very
simple:
all
you
have
to
do
is
submit
it
and
we'll
help
you
to
put
these
options
auctions
up
quickly.
A
We
do
that
now
because
we
want
to
ensure
that
everything
is
a
smooth
process,
but
over
time,
we're
going
to
introduce
automation,
to
make
it
easier
for
clients
to
onboard
their
auctions,
so
we've
launched
for
two
weeks
and
I'm
very
proud
of
what
our
team
has
done
so
far.
These
are
the
current
statistics,
but
we're
not
going
to
stop
here.
You
know,
I
think
we
have
a
lot
more
to
do
and
we
have
planned
out.
We
have
a
lot
of
plans
laid
ahead
and
this
is
the
roadmap.
A
We
hope
that
by
the
end
of
the
year
you
know
we
can
have
full
functionalities
of
this
big
data
exchange
with
superior
ux,
and
we
also
hope
they
have
cumulative
cumulative
total
of
hundred
per
byte
of
data.
So
this
is
something
I
hope
everyone
here
can
join
in
the
journey.
You
know
sp
clients,
let's
preserve
humanity's
most
important
information.
If
you
are
interested
reach
us
at
info
at
big
deal,
exchange
twitter-
or
you
know,
on
slack
very
happy
to
to
answer
any
questions
now.
B
A
A
Okay,
I
think
right
now,
one
of
the
constraints
is
having
data
cap
data
cap
allocated
because,
as
I
mentioned,
it's
a
very
cumbersome
process
and
it's
not
just
us
that's
facing
this
problem
right
I
mean,
I
think
it's
not
just
a
few
select
clients
who
are
facing
this
problem.
Many
clients
are
facing
this
problem,
so,
as
the
I
would
say,
as
the
so-called
we
want
to
be
like
proficient
in
this
area,
that's
why
we
are
doing
this
data
application.
That's
number
one.
We
want
to
know
the
process
and
number
two
we
want
to.
A
We
need
the
data
cap
to
kickstart
this
process
right
now,
because
of
course,
the
best
scenario
is
every
clients
come
willingly
readily
with
you
know
a
lot
of
data
cap,
but
that
is
currently
not
the
case
and
we
are
doing
our
best
to
smoothen
out
this
kink.
You
know
we
want
to
keep
this.
As
I
mentioned
earlier,
liquidity
because
liquidity.
A
B
Awesome
eric
from
bytebase
has
a
question:
if
all
data
is
in
your
hands,
this
is
not
a
decentralized
storage.
Can
you
explain
why
all
data
should
come
to
your
side
and
who
will
pay
the
data
transfer
bandwidth
costs.
A
I
don't
think
this
data
is
all
in
our
hands.
It's
just
a
place
for
people
to
see
where
the
data
is
will
be.
This
is
just
like
a
you
know,
repository
of
data
locations
on
or
participants,
it's
just
a
simple
platform
for
people
to
get
the
information
that
one
they
want
so
yeah.
I
hope
I
relay
my
message
clearly
that
this
is
not
supposed
to
be
a
centralized
data
platform.