RE: The Speak Network Incentive Layer (Hive Fest)

Why use broca and not speak directly to pay for uploading? The tokenomics are complicated but I think it would work out without it?

Is it just to separate governance from gas?

Something else that bugs me, why do miners need to pay/stake in order to mine? It is good for the network to have more miners and in the end they must be profiting from mining (or they won't mine), so why not remove the miner token and simply pay tokens directly to miners who don't need to stake anything.

You could have one token, SPEAK, used for governance, voting, paying fees when uploading, paying the SIP (aka the miners).

Separating the token will simply create less liquidity, because it will be divided.

With one token, all you need to do is have a HIVE/SPEAK pair accruing fees.

We didn't combine the governance token with the gas token because of a few reasons. When you combine a gas/RC token with a governance token, it needs to have inflation. You can't (or rather very difficult/inefficient) to have a capped gas token, as you don't want the value to skyrocket, and you want it widely spread so users can use the platform. We wanted to try out a capped governance token. I want to know exactly how much of the network governance I own without ever being diluted. So we separated the gas token from the governance token.

Also, Hive got it right when RCs, it is "free" to use the network, or at least it feels free because you got the RCs for free by staking your HIVE. We wanted the uploads to feel free, so BROCA is in the spirit of RCs. I think BROCA can be fungible; as RCs deal in text, BROCA deals in images and videos, which can be slightly more expensive and have a monetary value. If anything, we want BROCA to be a low, stable price.

The reason for Miner tokens is a view of things. The LARYNX Miner is mining SPEAK, which is a capped governance token. Without the MINER token, anyone can mine the network; this leaves it vulnerable to a money attack—someone coming in with mass resources and trying to nearly 51% attack the network. With Bitcoin, you need to buy hardware, so there is a cost to attacking the network, as you purchase Asics in bulk to mine crypto. However, the Speak Network deals with harddrive and bandwidth, two things readily available on the web two used by various other things. Meaning, a centralized Youtube, for example, can point their exact resources at the network without having to "buy-in" - the Miner Tokens prevent this type of money attack to a large extent.

That is why distribution is essential. To try and 51% attack the network to gain an edge on gaining governance tokens, you'll also need to buy a ton of LARYNX miner tokens, which enriches the web and will not be an easy thing to do, as the more you buy, the higher the price goes. So it is a defense on the governance.

Also, it is a bullish sink for the tokens. Future LARYNX Miners will suck up a lot of SPEAK/HIVE/BROCA. A game theory in tokenomics that ensures the governance token remains scarce is capped and continually locked up.