Substratum / SUB Review – Decentralizing Internet Freedom

hey guys how’s it going the crypto lark from Wellington here today we’re gonna be talking about sub stratum Network these guys are trying to decentralize web hosting services that’s not all they’re trying to do they got a few more value propositions that they’re bringing to the table that make this such an interesting project we’re gonna be looking at the pros and cons of all that and of course haven’t checked the competition price action all that fun stuff after a quick shout out to everybody who has been hitting that like button and of course everybody who has been subscribing to the channel that’s the new subscribers that’s the old subscribers everybody welcome if you’re not subscribed yeah buttons just down there go ahead and hit it up of course if you want to support me over on steam it calm or of course over on patreon both are much appreciated and of course this is not professional financial advice guys just to dude talk about crypto currencies on the internet the centralized internet at this point unfortunately now substratum network wants to be part of the infrastructure that helps decentralize the internets a part of the infrastructure because there’s a lot going on in the space we’re gonna be talking about all those different competitors different ideas of how this is all moving forward but really what we’re talking about when we’re talking about projects like substratum we’re talking about web 3.0 this is the evolution of the internet look the Internet is an amazing game changer in our lives I can remember back to the early days of you know using Web TV in America for example as a different time the Internet has evolved so much and it’s evolving all the time this is the next evolution of the Internet there are some serious problems facing us and you know that’s net neutrality government interference all this stuff we’re gonna talk about that in a second but one thing that in order for a substratum to really have the success that it needs to have it needs to be user friendly because the thing I’ve learned in all my years you know being an active internet user people kind of suck at it in a lot of ways most people don’t understand the fundamentals of how the internet works programming is a total mystery to people setting up a website it’s an impossible task look I get it we all have our specialty as everybody has only so much time in the day for X amount of things you don’t need to understand how the engine works to be able to drive the car so to speak but in this analogy if you still don’t understand how the engine works but understand that by putting a certain engine in your car you’re gonna get free gas people understand that and substratum is kind of bringing that analogy forward in the sense that they’re going to have very easy-to-use software that’ll let people actually participate in the substratum network which is fantastic they’ll get cryptocurrencies in return for renting out their computer space at times when they’re not using it fantastic idea not totally unique in the space in the sense of the renting of your computer capacity but nevertheless a fantastic idea and one that hasn’t been really specifically focused on web hosting to this extent they’re also gonna be bringing in substratum pay we’re gonna talk about that in a few minutes though but the problem that they’re trying to solve is massive and this is what gets me excited about the project because this is the way forward net neutrality you may or may not have heard about net neutrality but it’s a massive massive problem guys the fact is is that countries are already moving to kill net neutrality international digital barriers we see with China for example the great Chinese firewall it’s a mind-blowing Liebig problem oh hi hi hosting cost – that also sucks but I’m more concerned about the free information people being able to communicate with each other all around the world the fact that your average Chinese citizen is cut off is massive China’s regulating VPN companies now of course they are why wouldn’t they be it took them a while to catch on hey wait a second people are using Virtual Private Networks in order to get around our firewall well we need to register those companies and make sure that they are not doing this and so the latest Chinese Congress has actually come out with more regulation not less regulation more regulation on the intranet they’re cracking down even more unbelievable unbelievabl so there’s no foreign TV shows video streaming websites are being cracked down on group admins are held accountable for what set in their spaces can you believe that guys you know you guys know what goes on in chat groups on the Internet how can you be accountable for that stuff you’re just not gonna do it that’s what’s gonna happen you’re simply not going to do it unacceptable unacceptable absolutely the web has to be decentralized if a government can come and flick a switch and turn off the internet the Internet’s not working right we’ve got to move past this and we are these are the first steps these are the first companies entering the space that are going to evolve the Internet to the next step to get around this problem of government interference because it’s so easy for them to shut these things down because it’s all funneled through centralized places they give a call to the guy the centralized place hey yeah yeah shut that down okay cool all right yeah thanks it’s done just like that but it’s decentralized I can’t do it guys they cannot do it over in the States comcast if the doubt if the devil had a company this would certainly be in the running for his you know for his company now look the real problem here is they’re constantly fighting net neutrality rules this is stuff like throttling blocking certain sites discriminating against certain content we’ve already seen big Tech players companies exactly like you to come out against for example left-wing political commentators cryptocurrency channels it’s already happening now that’s just on a site-by-site basis but take it up a step and we’re gonna go the actual Internet service providers they’re going to limit how many people are allowed to come to your site they’re gonna block you from being seen in searches they’re going to you know flag your site and all these things basically whatever doesn’t fit with their agenda it cannot be like this this is not the Internet of promise this is the Internet of nightmares if these people take over now look that’s not to say the substratum doesn’t come without its own potential problems self-governance is their model self-governance can be problematic obviously it’s better to have the people making these decisions instead of big corporations and they’ve set up the veto power to upvote or downvote content basically based on the idea that well if you see child pornography or seen terrorism you can download that and they’ll be removed from the network but what’s to stop lots of right-wing political activists down voting left-wing political activist websites or vice versa potentially problematic but you know freedom’s a problematic thing nevertheless I’d rather have that happening than corporations deciding what should and shouldn’t be seen based on their economic and political views okay and a very recent example these are all recent examples actually this is all news from the last couple of weeks this is how pressing and of topic this is right now which is why substratum scum at just the right time along with other projects weren’t talked about a minute Spanish internet censorship should concern everyone obviously we all know about the referendum in Catalonia quite recently what is Spain do started shutting down websites started arresting programmers it’s hard to guess stop them from arresting programmers but nevertheless website blackouts Pro referendum sites were shutdown sites that help people vote we’re shut down Sykes the advertised locations of polling booths were all shut down terrible so undemocratic it disgusts me of course Spain is not technically a democracy it is actually a kingdom with a representative Parliament yeah problematic that’s a whole different whole different topic for a whole different day but nevertheless the Internet has got to be free this highlights again the necessity for it is not a China problem it’s not American a problem Spain problem it is a global problem in the same way the Internet’s global guys okay so substratum is not just bringing decentralized web hosting they’re also bringing in something called crypto pay so this is gonna let it’s basically another payment gateway we’ve seen a lot of pain and gateways coming out recently another player in the payment gateway space great I love it anyone that can take down PayPal the more players that are going against taking over big legacy players like PayPal the better obviously you see monetha come in recently they were quite a big name in the payment gateway space other projects are also looking to enter that space right around the crypto space so this is a very hot place they’ll have a lot of competition here much more than in the decentralized web hosting area but nevertheless it does add a lot of value to their platform now decentralizing well everything is becoming very very very popular these days now look see a coin is not competition to substratum NORs storage norse file coin or a lot of other coatings that are decentralizing cloud storage it’s different it’s different guys so that’s something keep in mind this might spell trouble for companies like mysterium though decentralized Virtual Private Network powered by the blockchain you may not need that if the Internet of course in itself is decentralized although mysterium may be a very important intermediary step between where we are now and where we need to be in the future in fact something like mysterium would actually be a perfect use case currently in China because what are they well it’s the Chinese government doing now they’re going to the VPN companies and saying yo you guys gotta get on board regulations and tell us who’s using your VPNs a decentralized network might not have such problems we go on to made safe now look made safe is a very ambitious project aiming to do much more than substratum saving to do at least at this stage made safe wants to be basically like the new internet essentially that’s a pretty ambitious project made safe but you got to keep it real they are also looking at web hosting so it does put direct competition to substratum but there’s plenty of room for players in the space here so I am not worried about that at all Sonam you guys know got some love for Sun over here also looking at site hosting but so so much more so so much more so you know someone’s gonna be busy doing all the other stuff that they’re doing with cloud story fog computing it’s not clouds fog computing and different things but with site hosting is also something that they are looking at incorporating into their project but again think about how many different players there are we can also mention shift here as well shift is also looking to do similar things but Hostgator GoDaddy on and on and on and go the names there are so many players legacy players in this space already but there’s definitely a lot of room for challengers to come along companies like Hostgator I think definitely have the potential to be overthrown by these newcomers who are actually offering to pay people to participate instead of demanding people pay for participation now obviously you only get paid if you are hosting the nodes you do have to pay in substrat tokens to host your website but still brings the cost down quite a bit as well now the team being here has got a lot of good players on it people who have been involved in tech for a long time so I don’t see any problems here with the people they’ve got on board I think you know good team right technical knowledge obviously be good to see them bringing more people to the team in order to get this project rolled out on time and to specification reading through the white paper as well I did like this that they are going to spending 30% of their budget on advertising nice you guys know how important advertising is how important marketing is in this space I can’t get your message across no matter how good your ideas doesn’t matter okay here is their argument for why it is actually less expensive to host on the decentralized web some people say what wouldn’t be more expensive with all those computers and etc etc etc I actually know cuz it’s actually you’re dealing with micro transactions based on the amount of bandwidth needed at any given time so you’re not just charged a baseline feat you’re charged sort of a per you space so for probably for most companies this would bring the price down quite a bit there may be I suppose some situations where it may cost slightly more for some big companies but I think in most cases it would bring the cost down quite a bit okay substratum will be running their own blockchain however it substrate is an RC 20 token and so it will be exchanged over there but the substratum network will have its own blockchain for the decentralized web of course the future of sub stratum now look they’ve got listed on a few exchanges already but if you’re getting involved in substratum now you have got to be patient most of what they’re doing isn’t even gonna be rolled out until next year so if you’re getting the substrata now you have got to hold onto it at least until mid next year preferably longer it will actually start to see the things that they want to do coming out the substratum node this is how you’re gonna get paid right by running a node and the great part is you don’t actually have to have any substract coins in order to start earning you just need to set up a node and start running it and you’ll start receiving substratum coins but the nodes not up and running yet they’re gonna be having a substratum store which is a decentralized app store that’s great as well by the way substratum pay so this is the payment gateway we were talking about all this stuff’s coming guys it’s gonna be a while it’s a long hold like so many projects for seeing the crypto space right now it is so super early days so you got a hold on to this one for a while if you’re getting involved you have to believe in the project currently the market caps only sitting at around 25 million dollars now the market cap has been a bit higher in the past we’ve seen it go 50 and above for the market cap so we’ve seen it at twice the prices been already obviously currently it’s a pretty brutal time for most altcoins that being said it’s a fantastic project I think it’s got a really bright future ahead of it this these are the kind of projects that we need this is the kind of technology that we need and look keeping it real whether it’s substratum or one of the other players this stuff is what’s going to move the world forward very very important technology very very important project whether they’re successful or not others will either lead or follow in their footsteps but this technology is very important now look if you’re looking at it from a speculative point of view the market caps currently 25 million dollars think about made safe they’re currently about a hundred and fifty million dollars so it’s about six times the current value and II think in a year from now that as well not only will you be able to say well I’ll probably have a similar value made safe but think about how much the crypto market as a whole will have grown within the next year all things to think about if you want to get yourself some substrat coins go over to finance i’ve got a link down below you can also grab yourself some and hit BTC or ether delta to probably hit PTC or buy an ounce of your best bets though obviously by Nantz is really doing the majority of the volume so you’ll be able to and be ensured of getting liquidity over there if you want to go and pick some up so go to buy an ounce got a link down below for it guys very very interesting project let me know what you think about it in the comment section down below guys thank you so so much for tuning in long-lived blockchain and peace out till next time guys