**Summary:**

In this video, the speaker discusses the recent surge in Bitcoin's value and the positive impact it has on the overall cryptocurrency market. However, the primary focus of the video is on a project called "FreeSpeak" and the importance of interoperability in the blockchain and cryptocurrency space. FreeSpeak aims to create a decentralized platform for video content creators, providing an alternative to centralized platforms like YouTube and Facebook. By utilizing a decentralized content storage system linked to the Hive blockchain, FreeSpeak offers creators a safe space to upload and store their content without the risk of censorship. The speaker emphasizes the economic benefits tied to Hive and how FreeSpeak is revolutionizing the way content creators interact with their audience.

**Detailed Article:**

The video starts with Taskmaster4450 acknowledging the positive momentum in the cryptocurrency market, particularly Bitcoin's soaring value. He highlights the significance of a growing market cap for the entire crypto industry to enhance resilience and attract more significant players and investments. The speaker emphasizes the need for a unified approach within the blockchain space, moving away from individual projects vying to replace centralized platforms like YouTube and Facebook.

The key discussion revolves around an interview with Matt Starkey, co-founder of FreeSpeak, where he elaborates on the project's vision of interoperability in the blockchain and cryptocurrency realm. FreeSpeak aims to revolutionize the video content landscape by providing a decentralized platform that allows creators to upload and store content securely. By leveraging Hive blockchain for text data and decentralized storage for videos, FreeSpeak ensures content remains immune to censorship and arbitrary takedowns by centralized platforms.

Taskmaster4450 elaborates on the economic benefits associated with FreeSpeak, particularly how content creators on Hive can access decentralized storage, creating new revenue streams within the community. The speaker underscores the resilience of Hive's account management system, which prevents arbitrary bans and ensures content creator independence from centralized platforms.

Furthermore, the speaker delves into the intricate layers of FreeSpeak, outlining how decentralized video storage, Hive blockchain, and governance mechanisms intertwine to form a robust ecosystem for content creation. Taskmaster4450 praises the interconnected web of ideas and features within FreeSpeak, projecting a substantial impact on the future of decentralized content creation and blockchain governance.

In conclusion, Taskmaster4450 expresses optimism about the imminent release of FreeSpeak's Minimal Viable Product (MVP), anticipating a clearer vision of the project's potential. The video concludes with a hopeful message and a call to stay tuned for future updates on FreeSpeak and its innovative contributions to the cryptocurrency landscape.

It is quite great to have a video tuber challenger as 3Speak to get a piece of the pie from this immense market. Video is easier to digest than a post, thus it has its advantages over it. And videos give a personal touch to the content than cannot transpire from a simple writing.

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3Speak is putting a lot of effort into sponsoring the platform on Twitter as an alternative to centralized social media.

The decentralization of storage is a further demonstration of how much the team really believes in the decentralization of the system. A great job!

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![Awesome.gif](https://images.hive.blog/DQmet3nSkweqeQZQTt6ehfbX48jEgvQWB1bbXAiCXDJ1HH9/Awesome.gif)

Your current Rank (20) in the battle Arena of Holybread has granted you an Upvote of 19%

<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 32 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-31-and-start-week-32) just started...you can now check the winners of the previous week!</center><center><sub>2</sub></center>

So 3speak uses the hive token for payouts? Do you think that's going to change soon? Thanks for vlogging about this, I tried to listen to those videos but with their accent and my very bad hearing I couldn't make out anything they were saying.

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You don't even listen to the people you're trying to shill for very well. Matt said clearly he would COMPLY WITH LAWS. So your example of government chasing content on 10 computers is not even how the creators envision the system.

On that point though. That presents a conundrum. Because either content lives un-tethered to the platform and yes like your point, authorities are playing cat and mouse, or 3Speak has ability to nullify it under obligations of local laws... which then makes clear that a central authority or "backdoor" to content would exist.

The tokenomics also makes no sense. So the platform will only need Hive resources to store text? Who the hell cares about text when posting video content... just for the video title? Then you say there's going to be a 3Speak token. So what will that be used for if text is on Hive and each video attached to their community either individually tokenised or stored by Hive users. So what's the need for a 3Speak token. What's its purpose and what would give it value?

You might be thinking, "you're so pessimistic man.." but frankly I don't give a crap. One thing I do well is find flaws in things to improve them and this grand idea of 3Speak has so many flaws. If they're serious about it then it needs a lot of work because there's nothing about it that tells me it has potential to be the next video system.

A thing provided to Hive loyalist is all I see. It could only take off of by utilising an already established large network like bitTorrent. If only Hive users will be the content hosts then how the hell is that going to create network effect?