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From YouTube: An Economic Lever for a More Useful Network
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A
A
Let's
start
with
some
recap,
I
think,
like
many
of
us
are
pretty
familiar,
but
just
for
people
who
just
joined
us
today.
I
think,
like
the
falcoid
network
is
almost
seven
months.
Old
time
flies
and
then
it's
now
over
five
extra
bites
of
storage
and
just
to
put
things
into
perspective.
I
think
this
is
like
10
000,
copies
of
wikipedia
100,
copies
of
the
whole
internet
archive
and
many
many
companies
took
more
than
a
decade
to
achieve
this
this
scale.
A
So
I
think
we
should
be
really
proud
of,
like
being
part
of
this
community
and
recap
from
live
off.
I
think
that
was
october.
Last
year,
jonathan
victor
gave
a
talk
on
falcon
plus
of
of
the
the
motivations,
the
principles,
the
mechanisms
and
so
on
and
so
forth.
This
is
the
flip
that
first
established
the
principles
of
the
falcon
plus.
A
This
is
how,
like
all
these
endeavors,
are
being
governed
by
this
division
and
the
goals
that
we
can
all
get
behind
as
a
community,
and
then
we
can
iterate
on
the
mechanism
and
the
operations
at
a
much
more
frequent
basis.
That's
what
we
are
doing
today
during
the
governance
call,
and
we
talk
about
this
in
a
moment.
A
I
think
in
many
ways
we
are
bringing
lots
of
lots
of
lots
of
new
grounds
in
terms
of
institutional
economics,
crypto
governance
and
like
public
infrastructure
in
general,
right,
like
people
coming
together
to
make
decisions
for
the
community
and
then
many
volunteers.
Thank
you
for
all
the
notaries
being
joining
us
today
and
we
see
lots
of
like
miners
doing
bd
for
the
network.
I
think
that's
like
huge
crop
to
all
our
ecosystem
participants
really
pushing
to
make
this
a
reality,
and
this
is
a
notary
governance
repo.
A
A
Every
month
we
can
have
falcon
plus
day
where
we
really
demonstrate
and
showcase
what
filecoin
can
offer
to
the
broad
to
the
to
the
bigger
ecosystem,
and
I
think,
when
we
design
like
the
whole
process
and
the
and
the
foundation
we
draw
pretty
heavy
drew
pretty
heavily
from
the
work
of
alina
ostrom,
who
won
the
nobel
prize
in
2009.
A
Her
research
really
demonstrated
that
it's
possible
for
community
to
come
together,
and
there
are
many
real-life
examples
and
cases
like
that
to
end
tragedy
of
the
commons.
Right,
like
I
think,
for
crypto
to
really
become
mainstream
and
successful.
I
think
like
we
should
really
be
talking
about
triumph
of
the
commons
and
I
think
we
borrowed
really
pretty
heavily
from
lots
of
the
principles
and
learning
that
she
had
developed
in
her
research
and
here's.
Some
stats,
I
think,
like
we
have
close
to
like
1.9
petabyte
granted
to
notaries.
A
I
think
10
percent
of
that
is
allocated
lots
of
lots
of
hard
work
went
into
this.
I
think,
like
today's
falcon
plus
there's
really
good
demonstration
of
like
the
work
that
we
have
put
in
as
a
community
to
get
to
where
we
are-
and
I
think
I'm
really
excited
for
all
this
matrix
and
our
workflow
that
we're
getting
we're
just
going
to
optimize
lots
of
these
things
really
improve
the
onboarding
experience
of
falcon
plus
and
another
dashboard
of
outdoor
app.
I
think
like,
as
mentioned,
I
think,
on
falcon
network
itself.
A
There
is
like
close
to
14
petabyte
of
storage,
being
stored,
being
used
in
storage
deals,
and
I
think,
like
the
cost
of
storage,
is
pretty
competitive
on
file
coin,
even
more
so
through
falcon
plus,
even
though
my
personal
opinion
has
always
been
like
filecoin,
it's
store
using
filecoin,
it's
never
just
about
cost
right.
Even
costs
can
be
super
competitive,
but
I
think
like
it
is
using
five
coins
really
about
the
experience,
and
then
we
have
lots
and
lots
of
companies
joining
our
ecosystem
in
defining
their
new
experience.
A
Right,
like
I
think,
like
really
making
the
vision
of
an
airbnb
for
cloud
services
come
true.
Another
pretty
big
moment
happened
just
a
month
ago.
I
think,
like
the
network
crosses
baseline
for
the
very
first
time
so
for
people
who
are
not
very
familiar
with
this
in
terms
of
token
minting
through
storage
mining
on
falcon,
there
are
two
components:
one
is
through
simple
minting,
which
is
like
the
dominant
way
of
minting
in
most
crypto
networks.
A
It
has
this
advantage
and
disadvantage,
but
there's
also
another
meeting
mechanism
on
filecoin
called
baseline,
maintain
it
it's
basically
minting
based
on
a
network
api
and
the
network
has
defined
a
pretty
aggressive
kpis
in
the
sense
that
we
want
to
starting
from,
like
2.5
extra
bit
of
storage
from
day
zero
and
growing
exponentially
every
year
for
the
falcon
network
to
be
meeting
at
its
full
capacity.
A
We
are
going
to
reach
like
one
yottabyte
of
storage
in
like
20
years,
so
this
is
very
ambitious
and
then
once
we
went
across
it
for
the
very
first
time
I
think
now
we,
the
main
thing,
is
it's
at
full
force
and
I
think,
like
for
our
first
year,
target
they'll,
never
keep
that
within
six
months.
So
this
is
really
impressive,
like
I
think,
like
a
huge,
congrats
whole
community,
and
we
also
enter
into
a
new
stage
in
some
way.
A
Rather,
if
you
look
at
look
at
the
mental
model
of
like
the
stages
of
the
economy,
we
are
back.
We
are
building
capacity,
demonstrating
that,
like
oh
decentralized,
distributed,
storage
can
work
it's
reliable.
It
could
be
useful.
This
is
where
lots
of
committed
capacity
is
happening
like
to
show
that
to
show
like
this
falcon
network.
It's
it's
really
about
useful
work
and-
and
us,
like
simple
meetings,
start
to
slow
down
as
time
progresses
and
baseline
means.
You
start
to
pick
up.
A
I
think
we
are
now
at
this
mark
where
we're
starting
to
transition
into
the
stage
two
right
like
where
we
start
to
care
a
lot
more
about.
A
We
we
have
been
hearing
a
lot
more,
a
lot
about
quality
of
service,
but
I
think
now
this
marks
this
transition
of
like
we
are
competing
on
both
the
quality
of
the
service
from
the
point
of
view
of
the
miner
as
a
provider
of
the
services
on
the
platform,
and
we
also
start
to
drive
up
new
payment
as
a
source
of
revenue,
and
I
think
this
is
where
we
are
very
exciting.
Now
we
are
entering
this
new
phase
of
a
very
fast
growth
in
making
the
network
more
useful.
A
To
just
summarize
on
the
recap,
I
think,
like
character
scale
as
a
novel
concept
is
really
getting
proven.
We've
committed
capacity,
even
though
there
could
be
like
there
could
be
some
like
forced
impression
that
it
may
not
be
like
lots
of
this
storage
might
not
be
being
used.
But
it's
also
important
to
remember
it's
it's
important
to
reach
a
certain
scale
for
the
network
at
a
very
fast
pace
right.
It's
just
not
possible
through
like
real
data,
because
it
takes
lots
of
overhead
to
make
fields.
A
As
many
of
us
are
aware,
and
and
through
computer
capacity,
we
demonstrate
that
it's
reliable.
It's
it's
also
useful
and
I
think,
like
the
storage
prices
are
quite
competitive
today
and
then,
as
mentioned,
many
new
companies
are
joining
ecosystem
to
make
it
even
better
and
this
whole
airbnb
for
cloud
services
right.
It's
not
just
about
storage,
we
start
from
storage,
but
it
doesn't
end
there.
There's
lots
of
value
added
services
that
can
be
provided
on
top
of
the
storage
and
and
yeah.
I
think,
as
a
decentralized
network.
A
The
future
of
our
network
is
really
in
the
hands
of
the
community.
So
thank
you.
Everyone
again
for
coming
and
really
participating
in
in
falcon,
plus
and
and
then
with
this
recap
in
mind.
I
think,
like
falcon,
is
really
unique
in
the
sense
that
it's
well
positioned
to
support
both
web
2
interactions
and
rapture
use
cases
and
taking
a
step
back
and
thinking
about,
like,
I
think
I
remember,
during
lift
off.
There
were
many
discussion
about
how
falco
introduced
this
pretty
unique
new
building
block
the
whole
webster
ecosystem.
A
That
could
enable
a
ton
of
new
interactions
like
one
big
one
is
like
data
dial
data
commons,
where
people
come
together
for
to
preserve
information
or
or
for
share
common
goal,
and
then
we
realize
actually
falcon
plus
really
is
one
of
this
kind
of
first
data
dial
on
the
falcon
network,
and
this
there's
something
special
about
this
data
dial
is
that
dao
stands
for
this
decentralized
autonomous
organization
for
people
who
are
not
too
familiar.
What's
special
about
falcon
plus
really?
A
Is
there
this
on
portable
incentive
to
provide
this
this
extra
economic
boost
or
lever
to
making
the
network
more
useful?
So
like
just
a
quick
comparison
in
terms
of
the
sector?
Contents
right,
like
sector,
is
a
unit
of
storage
on
filecoin.
Think
of
it
as
like
a
search
container,
you
can
put
different
content
inside
the
container
and
for
there
are
three
main
kinds
committed
capacity,
regular
deals
and
falcon
plus
deals.
A
This
means
this
is
meant
to
be
a
gradient
in
a
sense
that,
when
there
is
a
loss,
when
there's
supply
with
no
demand
miners,
who
are
both
providers
of
the
service
on
the
platform,
but
also
maintainers
of
the
blockchain,
just
commit
capacity
to
the
network
right
and
then,
as
demand
comes
around,
they
might
convert
some
of
that
to
regular
deals.
They
might
take
falcon
plus
deals
or
under
additional
rewards.
So,
as
we
can
see
on
the
rewards
side,
it's
1x
and
1x.
A
Everything
is
normalized
to
a
committed
capacity
at
32
gigabyte
sectors,
one
x
to
one
x
to
not
create
an
incentive
for
self
deals
or
fake
deals
and
then
10x
for
the
falcon
plus
deals
and
then
deal
fees
as
mentioned
is
an
airbnb
for
cloud
services.
A
So
it's
really
negotiated
between
like
clients
and
miners,
even
though
there's
some
interesting
there's
some
new
fib,
which,
which
is
in
line
with
the
initial
vision
for
community
capacity
that
we'll
touch
on
in
a
moment
but
for
regular
deals
and
falcon
plus
deals
really
depends
on
the
conversation
and
the
negotiation
between
like
clients
and
minors.
A
So
far,
the
prices
that
we
saw
are
very
competitive
and
then
because
there's
deals
you
get
additional
on-chain
benefits.
There's
also
an
answering
cost
of
publishing
a
message.
There
is
a
cost
here
for
regular
deals
and
falcon
plus
view,
but
it's
not
relevant
for
committed
capacity,
since
there
are
no
deals
in
it
and
then
there's
also.
Every
interaction
with
the
falcon
network
requires
some
kind
of
gas.
A
There
will
be
always
be
a
gas
cost,
as
determined
by
the
demand
supply
for
using
a
network
so
for
every
unit
of
power,
quality,
adjusted
power,
there's
a
1x
cost
for
32
gigabytes
sectors
in
committed
capacity,
that
cost
will
be
half
if
the
sector
size
doubled,
doubles
and
then,
similarly
for
regular
deals
to
not
create
incentive
or
fake
deals,
and
if
you
think
about
that,
given
the
10x
multiplier
really
is
one
tenth
for
falcon
plus
steels
in
the
32
gigabyte
sectors.
A
But,
however,
there's
also
additional
overhead
cost
right,
like
it
takes
time
to
negotiate
a
deal
coming
to
our
governance
meeting.
There's
also
like
different
processes
that
we
put
in
place
so
there's
some
additional
time
calls
labor
costs
with
like
deals
and
falcon
plus
deals
so
going
forward.
This
is
like
how
we
are
thinking
about
this.
I
think
we,
as
you
know,
we,
I
think,
as
a
community.
A
I
think
there
are
lots
of
efforts
in
driving
down
the
public
storage
deals
cost
because
they
want
more
deals
on
the
network,
more
useful,
useful
storage
and
I
think,
like
with
like
new
fib
improvement
technology
improvement.
We
increase
the
network
throughput
that
will
also
drive
down
the
unit
power
gas
cost,
like.
I
think,
based
on
some
of
our
analysis,
that
this
is
the
most
dominant
cost
today,
so
we
really
hope
to
drive
that
down
for
the
whole
ecosystem
and
then
falcon
plus
as
a
community.
I
think
like
us.
A
We,
I
think
we
are
very
aware
of
this.
I
just
want
to
be
a
bit
more
explicit
here,
like
as
we
I
think
did
mention.
I
mentioned
that
as
well
as
we
like
put
down
certain
processes
in
play.
We
should
also
be
very
cognizant
of
the
cost
that
we
place
in
making
these
deals.
We
want
that
to
be
cheap,
to
use
without
getting
abused,
and-
and
this
is
hard
because,
like
we
should
talk
about
in
the
next
slide,
I
just
want
to
touch
on
committed
capacity.
A
Real
quick,
as
the
name
suggests
cognitive
capacity
means
that
you're
just
committing
capacity.
It
doesn't
have
to
be
like
random
data.
It
could
be
like
personal
data,
it
could
be
any
data
if,
as
a
minor,
I
want
to
store
something
for
somebody
else
for
free.
I
can
choose
to
do
that.
Then
I
don't
enjoy
certain
benefits,
but
also
don't
incur
some
additional
cost.
A
A
We
put
lots
of
effort
and
energy
in
defining
the
processes
to
make
collective
to
make
collective
decision
and
also
understanding
the
economy
is
difficult
right
like
I,
I
I
think
there
there's
always
grants
and
interest
in
seeing
more
analytics
on
the
network
in
helping
us,
reduce
the
cost
of
governance
and,
of
course,
collective
management
of
complex
system.
Basically,
two
of
these
combined
means
like
heart,
squared
and
but
not.
I
feel
whenever
we're
in
a
moment
like
this,
I
think
we
can
always
return
back
to
the
principles
right.
A
So,
like
both
in
terms
of
monetary
and
dispute
resolution
should
be
low
cost
trust
its
trust
is
earned
over
time
and
also,
very
importantly,
I
think,
like
compliance
is
really
a
big
thing.
I
think
like
for
blockchain
to
really
go
mainstream
and
I
think,
like
there's
always
terms
of
service
to
to
protect
the
interests
of
like
minors,
clients
and
the
network,
and
at
the
end
of
day
it
really
is
about
how
do
we?
A
How
can
we
work
together
to
make
the
network
more
useful
and
so
when,
when
we
feel
like,
sometimes
we
have
this
hard
governance
problem?
It's
also
quite
simple.
Right
now
that
we
have,
the
protocol
has
proven
that
digital
storage
at
scale
is
reliable.
So
now
our
question
is:
how
can
we
better
utilize,
the
storage
on
filecoin?
How
can
we
onboard
more
and
more
useful
data
onto
the
falcon
network
and
falcon
plus,
as
we
saw
on
the
unit
economics
really
is?
A
The
left
is
a
lever
in
our
toolbox,
and
I
named
this
talk
as
an
economic
lever.
I
think
there's
also
a
point
to
make
about.
There
could
be
other
dials
on
the
falcon
network
right
like
we
could
be
putting
in
funds
from
the
other
ecosystem
as
well
to
support
storage
on
filecoin,
and
there
could
be
other
new
structure
that
could
emerge
from
this
basic
building
blocks
off.
Like
a
storage
container,
you
can
put
different
content
inside
there
from
this
kind
of
primitive,
and
I
think
the
second
point
here
is.
A
I
think
it's
really
important
to
continue
to
showcase
the
power
of
foulcoin
as
an
airbnb
for
cloud
services.
I
think
part
of
that
this
is
also
part
of
the
goal
of
today,
where
we
bring
everybody
together
to
showcase
like
what
we
have
accomplished
and
what
we
have
done
and
what
is
possible
on
powerpoint
right.
I
really
wish,
let's
say
the
next
time
we
do
a
falcon
plus
day.
We
can
have
more
clients
come
in
like
and
share
like
different
kinds
of
use,
cases,
different,
apps
and
so
on,
and
so
forth.
A
That'll
be
that'll,
be
really
really
good
and
I
think,
like
from
the
protocols
point
of
view
right
like
fast
retrieval,
is
possible.
Encryption
is
possible,
replication
is
possible,
but
because
we
want
to
build
this
emergence
into
the
protocol.
Right,
like
the
portal,
doesn't
care
that
much
about
this
other
value
added
services,
so
it
really
needs
to
emerge
and
need
to
happen
with
the
community.
A
And,
lastly,
I
think
like
going
back
to
the
reducing
the
cost
of
governance
and
the
monitoring,
I
think,
like
blockchain
networks
or
economic
networks
in
general,
are
evolving
like
organism
where,
like
there
are
many
stages
like
similar
to
the
stages
of
the
economy
so
like
depending
on
where
we
are,
we
can
also
make
pragmatic
decisions.
We
really
reduce
the
governance,
complex
and
monitoring
complexity.
Right,
one
example
could
be.
A
I
think
we
talked
about
this
before,
like
if
data
is
public
and
retrievable
then
like
that
could
be
like
a
golden
standard
standard
for,
like
falcon
plus
deals
right
like
it's
easy
for
everyone
to
observe
in
the
community
and
lastly,
I
just
want
to
reinforce,
I
think,
like
falcon,
is
really
about
win-win
and
growing
up
everyone,
and
this
is
like
something
that
I
think
we
should
take
lots
of
pride
in
and
really
like
share
that
with
the
broader
crypto
and
rap3,
and
even
like
other
economic
network
and
ecosystem
great.
A
I
think
this
is
just
the
beginning,
I
think
at
liftoff
we
mentioned
that
I'm
very
excited
to
make
some
history
of
you
guys
together.
I
think
it's
safe
to
say
that
we
have
already
made
some
history,
both
in
terms
of
the
skeletal
network,
the
collective
governance
and
the
different
kinds
of
incentives
that
we
that
we
come
to
come
up,
that
we
came
up
together
as
a
community,
and
I
am
pretty
confident
that
we
will
continue
to
make
history
together
and
very
proud
of
being
part
of
the
community.
Thank
you.