►
Description
The Fluence protocol is close to launching (Q4) and will reward SPs for adding compute to the network. The compute added will first be rewarded for just being live, and quickly for serving real compute jobs. SPs and monetize underused CPU rescources by joining the Fluence network.
A
Thank
you
for
coming,
so
this
title
says:
economics
have
distributed
compute,
but
it
really
should
say
maximizing
your
unused
ceiling
capacity,
maximizing
your
unused
CPUs
and
so
I'm
aware
that
a
lot
of
file
coin
miners
have
CPU
capacity,
which
is
latent
ceiling
capacity,
which
isn't
hasn't
been
maximized
and
fluence
has
the
ability
for
you
to
start
earning
on
that.
So
let
me
first
give
you
a
minute
on
what
fluence
is
and
then
I'm
going
to
go
through
the
economic
system
we've
designed,
which
I
think
is,
is
pretty
interesting.
A
So
fluence
is
a
decentralized
serverless,
compute
platform,
and
so
what
what
does
this
mean?
It
means
it's
general
purpose,
compute
that
is
decentralized,
which
means
it
is
trustless
and
it's
censorship,
resistant
and
it's
fault
tolerant
and
it's
distributed.
So
this
is
for
applications
that
are
Global
and
that
need
kind
of
resilience
and
do
not
want
to
be
bound
by
traditional
cloud.
A
But
and
what
fluence
does
is
it
replicates
the
cloud
stack,
but
you
want
to
be
do
that
in
a
decentralized
manner,
and
so
this
is
a
this
requires
CPU
compute,
the
only
real
equivalent
to
this
is,
if
you're
looking
at
smart
contracts,
but
we're
not
talking
smart
contracts
like
filecoin.
This
is
all
off
chain.
A
So
what
does
this
actually
mean
in
more
detail?
You
want
to
run
arbitrary
code
without
limitations
run
on
the
edge
there's
no
consensus,
because
it's
off
chain
and
it's
compatible
with
multiple
data
inputs
I,
don't
think
that
none
of
those
details,
I
think,
are
super
relevant
to
dig
into
here
for
this
for
this
audience,
but
I
think.
A
The
point
you
should
know
is
that
we
expect
and
no
there's
a
lot
of
demand
for
this,
because
when
you
have
compute
that
is
far
cheaper
and
it's
less
sensorable
and
it
is
verifiable
and
you're
free
from
cloud
lock-in.
There
is
a
lot
of
interest
in
that
compute,
and
so
that
is
the
network
that
we're
building
and
with
your
help
with
all
the
Phil
Miner's
help
I
think
we
can
together
build
a
very
powerful
compute
Network
and
that
is
I.
Think
then
there's
terrific,
terrific
demand
for
that.
A
We
think
it's
the
next
generation
of
the
web
and
so
started
off
with
mainframes
and
desktops.
Everyone
here
is
very
familiar
with
that.
Over
decades
we
moved
to
the
cloud
kicking
and
screaming,
and
now
cloud
is
the
default.
We
think
the
Next
Generation
and
probably
the
final
step
here-
is
decentralized,
serverless
compute,
where
compute
exists
everywhere
and
nowhere
in
a
decentralized
way,
which
is
the
cheapest
and
most
effective
way.
A
And
frankly,
if
we
don't
get
there
and
we're
stuck
here,
then
that
means
we're
stuck
with
governments,
basically
running
everything,
and
so
we
have
to
get
to
hear
one
way
or
another,
with
fluence
or
with
with
another
another
solution,
it's
hard,
because
you
need
generalized
compute
capacity.
You
need
to
be
verifiable
and
scalable,
and
you
can't
do
all
three
of
those
with
smart
contracts,
so
you
need
generalized
compute.
The
challenge
is
being
decentralized
and
verifiable
without
blockchain,
so
that
is
the
challenge.
We
have
a
variety
of
solutions
for
that.
A
This
isn't
a
forum
to
go
into
it,
but
this
is
I
just
want
to
give
you
understanding
of
why
this
is
going
to
work
and
why
it's
compelling,
because
that's
important
for
you,
as
you
decide
to
put
your
CPUs
on
the
network.
There
are
two
parts
to
the
platform:
there's
a
developer
platform
and
there's
a
Computing
Network.
What
do
we
care
about
right
here?
A
We
care
about
the
Community
Network,
we'll
talk
about
developer
platform,
another
time,
so
it's
powered
by
computing
marketplace
now
we're
getting
into
where
you
guys
come
into
play,
but
we
think
it's
going
to
be
low
price,
decentralized,
compute
capacity
and
there
we
have
capacity,
incentives
to
drive,
Network
use
and
then
there's
a
deal
marketplace
with
Discovery.
But
the
real
point
is:
how
does
this
work,
and
so
here's,
where
the
economics
come
into
play
and
what
I
think
is
worth
a
deep
discussion?
A
We've
had
discussions
with
multiple
filecoin
Miners
and
you
know
we
want
to
basically
ER
allow
you
to
earn
from
your
unused
CPU
capacity
and
everyone's
chasing
gpus,
but
this
is
for
CPUs,
which
I
think
is
used
for
you
know
you
all
invested
in
for
your
ceiling,
and
so
now
it's
sitting
there
and
we
think
this
is
a
way
to
generate
revenue
from
it.
You
basically
and
there's
two
ways.
This
happens.
A
The
first
way
is
a
proof
of
compute
similar
to
proof
of
storage
right,
so
you
generate
proofs
of
your
compute
and
you'll
be
paid
in
the
fluence
token,
which
is
another
Revenue
stream
for
you.
But
the
next
part
is
the
actual
compute
jobs
and,
unlike
other
economic
systems,
the
compute
jobs
will
be
paid
in
stable
coins,
and
so
you
will
earn
basically
Fiat
Revenue
at
costs
and
prices
that
you
determine.
A
So
you
then
are
earning
Fiat
based
Revenue
should
cover
your
costs,
with
some
margin
and
having
crypto
upside.
So
you
know:
if
we
look
here,
you
know
we
don't
work
without
compute
providers
being
happy
all
right,
so
our
focus
is:
how
do
we
solve
the
problem
of
what
compute
comp
writers
are
facing
and
how
do
we
make
them
profitable
businesses,
and
so
we've
spoken
to
several
and
what
do
they
want?
A
We
think
that
you
guys
want
reliably
cover
your
costs,
with
some
margin
insulate
yourselves
from
the
crypto
downside,
but
you
also
want
to
benefit
from
crypto
upside,
which
is
understandable,
you're
helping
build
this
system
you're
helping
build
this
network,
so
you
should
certainly
profit
from
it
when
it
succeeds,
and
you
also
don't
want
to
invest
in
stake
the
coins
right.
That's
a
huge
Capital
drain
that
causes
you
know,
potential
real
volatility.
So
the
fluent
solution
is,
you
earn
revenue
and
stable
coins
and
you
price
the
the
system.
A
You
price,
your
compute
in
the
manner
you
see
fit
now,
frankly,
I
don't
think,
there's
going
to
be
huge
margin
in,
but
there
will
be.
Some
margin
certainly
should
cover
your
costs,
and
then
we
provide
fluence
coins
on
top
of
that
Revenue
for
you,
so
that
allows
you
to
generate
return
above
your
cost
and
benefit
as
our
Network
grows
as
demand
grows
as
use
grows.
That
then
gives
you
crypto
upside,
which
I
think
everybody
is
interested
in,
and
then
we
have
investors
provide
the
stake
or
almost
all
the
stake.
A
We
may
have
a
first
loss
for
compute
providers
just
to
ensure
that
that
incentives
are
aligned,
but
investors
will
provide
the
bulk
of
the
stake,
not
miners,
so
that
we
think
is
that
way.
Your
compute
provider's
business
is
protected
from
the
market
Vol
by
the
stablecoin
revenue,
but
the
fluence
rewards
are
additive
on
top
of
that
and
provide
real
kind
of
convexity
to
the
upside.
A
So
you
know
the
other
point
here
is
we
want
to
drive
Network
use,
and
so
this
crypto
incentives
are
useful
to
bootstrap
an
ecosystem,
but
they're,
really
only
thing
crypto
is
doing,
is
really
forecasting
out
what
this
network
is
going
to
be
worth
in
the
future.
What
the
demand
of
these
coins
are
going
to
be
worth
in
the
future
right.
That's
all
this
is
really
happening.
It's
just
the
same.
A
You
know
discounted
cash
flow
concept,
but
just
far
further
out
that
stock,
you
know,
are
subject
to,
and
so
you
gotta
have
Network
revenue
and
network
use
in
order
for
that
to
ultimately
become
worth
anything
and
the
market
has
to
believe
it,
so
it
comes
from
and
where
does
Network
use
come
from?
It
comes
from
useful
compute,
and
so
this
is
just
a
graphic
that
I
designed.
So
you
basically
think
about
your
Fiat
Revenue.
A
A
But
the
real
point
I'm
getting
at
is
that
we've
got
to
drive
real
compute
demand,
and
so
fluence
recognizes
this,
because
without
real
demand,
this
network
isn't
successful,
the
coin
doesn't
work
and
the
model
doesn't
work,
and
so
from
day
one
we're
going
to
be
working
on
securing
compute
customers.
That's
one
of
the
things
we're
doing
at
this
conference
so
part
stage.
One
is
talking
to
compute
providers
to
make
sure
you're
interested
in
adding
Your
Capacity
to
the
network.
A
We
also
have
to
drive
compute
usage
because
that's
what
drives
the
the
Baseline
kind
of
stable
coin,
Fiat
based
revenue
for
Miners
And,
so
we're
building
a
business
development
team
to
actually
go.
Do
that
we're
not
relying
on
compute
providers
or
SPS
to
go,
find
customers,
that's
kind
of
our
initial
responsibility
and
we
want
compute
users
to
go
to
fluence
to
have
their
jobs
compete.
You
know
completed
cheaply,
reliably
and
securely,
and
so
we
think
when
you,
you
know
incent
providers
to
add
compute.
We
have
a
lot
of
compute
in
the
network.
A
You
then
are
going
to
attract
compute
jobs
to
the
network,
and
that
is
a
cycle
that
we
think
is
a
powerful
cycle
which
we're
kicking
off.
You
know
in
the
next
in
the
next
couple
of
months
and
where
how
when
we
talk
about
compute
demand,
serverless
compute,
how
big
is
that
all
right,
serverless
computes
about
9
billion
this
year
and
forecast
to
grow
to
55
billion
by
2030.?
A
All
right,
that's
a
big
Market,
just
serverless
all
right
we're
not
talking
cloud
we're,
not
we're
not
talking
traditional
Cloud
I
should
say,
and
it's
all
in
the
centralized
cloud
and
the
reason
it's
there
is
because
there
are
no
decentralized
Alternatives
and
with
together
with
this
ecosystem,
we
can
create
the
decentralized
serverless
market
and
take
it
from
zero
to
a
material
piece.
Now
we're
not
talking
about
capturing
some
of
that
9
billion,
but
that's
growing
at
you,
know
400
million
a
year
right.
A
So
just
piece
of
that
growth
is
all
we
need
to
do
for
this,
to
be
incredibly
lucrative
for
for
minors
and
to
have
a
very
successful
Network
and
protocol.
And
so
you
know,
storage
and
compute
together
create
a
proper
cloud.
Computing.
Storage
storage
needs
compute,
and
we
are,
you
know,
excited
partner
with
filecoin
and
with
this
and
protocol
labs,
this
ecosystem
to
add
and
to
to
maximize
the
infrastructure
you
guys
have
invested
in
and
and
together
drive
a
more
kind
of
powerful
decentralized
solution.
A
So
who
is
fluent
well
we're
back?
We've
raised
15
million,
we're
backed
by
some
of
the
top
investors
in
the
market,
including
protocol
Labs.
So
you
know
we've
we
could
have
raised
a
lot
more.
This
is
what
we
did
about
a
little
while
ago
and
you
know
what's
our
mission:
we
want
to
empower
the
next
wave
of
Internet
Innovation
and
you
know
we
don't
know
all
the
Innovation
that
open
compute
can
achieve,
but
we
know
it's
significant
and
so
that's
what
we're
really
excited
to
do,
and
this
is
how
to
follow
us.
A
We
want
to
make
sure
that
we're
generating
enough
revenue
for
your
cost
to
be
covered,
and
we
also
want
to
have
a
sense
as
to
how
much
we
think
we're
going
to
launch
with
in
terms
of
servers
and
in
terms
of
cost,
so
that
we
can
appropriately
gauge
the
Network.
So
that
is
that's.
That's
how
we're
set
up
so
please
sign
up
and
tell
all
your
other
compute
capacity,
your
other
storage
provider,
friends
and
colleagues
and
together.
A
B
B
Because
I
think
like
where
the
compute
or
like
CPU,
Network
kind
of
fits
into
like
the
ceiling
Hardware,
is
like
a
lot
of
storage
providers.
Has
this
like
pre-commit
one
optimized
ceiling
Hardware,
which
is
like
CPU
heavy
and
also
like
nvme
discs,
with
a
lot
of
ram?
So
I
guess
like
that
is
where
the
niche
for,
like
the
CPU
especially
comes
in.
We
have
other
like
parts
of
the
ceiling
stack
where
it
is,
which
is
a
lot
more
like
GPU
heavy,
but,
like
you
usually
separate
those
servers
well,.
B
A
Both
and
so
as
of
now
we're
sort
of
working
on
architecture
decisions,
but
we're
trying
to
actually
run
the
compute
Marketplace
on
the
fvm,
so
that
is
and
and
we're
sort
of
working
on
how
best
to
do
that.
We
like
fem,
because
you
know
it's
it's
cheap
and
performant,
and
so
that's
that's
relevant
to
us,
while
also
being
kind
of
you
know,
erc20
compatible.
So
that's
the
you
know,
that's
something
that
we're
we're
sort
of
working
on,
but
so
that
is
would
be
a
deep
integration.
Yes,
cool,
very.
B
A
I,
don't
I
think
it's
more
of
a
sidecar
but
I,
because
that
integration
leads
to
other
levels
of
complexity
and
we're
not
exclusive
to
you
know
compute
to
you,
know,
storage
providers,
so
we
want
it
to
be.
You
know.
Storage
providers
are
the
initial
e.
You
know
Marketplace,
which
we're
talking
to
and
think
there
are
the
most,
this
largest
group
of
compute
that
we
can
access,
but
we
don't
think
that's
exclusively
the
group
that
will
access
ultimately.