Where can we see the total amount raised and the number of participants?
What will happen to the not saled tokens? Will they be burned?
How many tokens will be kept with the team?
Topic: [ANN][UFR][ICO] Upfiring | Incentivized P2P File-Sharing - page 24. (Read 38748 times)
Have you heard of Flixxo? I was doing some research last night, and apparently it's an ICO utilizing P2P. How does it differ from UpFiring?
From what I've heard they're entirely video based, a lot like the platform Popcorn Time but with a dedicated coin.
Can you disclose who you've chosen for your legal counsel?
I can't (yet), until they release a public statement about Upfiring (likely an analysis of whether or not it is considered a security - of course we strongly believe that it is not, and do not intend for UFR to be used as such)
Any idea how long until that gets sorted out?
Any sort of time frame?
Can you disclose who you've chosen for your legal counsel?
I can't (yet), until they release a public statement about Upfiring (likely an analysis of whether or not it is considered a security - of course we strongly believe that it is not, and do not intend for UFR to be used as such)
If it were classified a security it would be subject to much more regulation?
Is this right?
Yes, we're looking into optimizing this so that transactions don't take any longer than a typical file-download.
As long as the users aren't on fiber internet, that shouldn't be too difficult.
What would happen if the transactions did take longer than the download? Is there potential for fraud?
Anyone have any idea on this?
No. Once the transaction is broadcast to the network, it cannot be stopped. That process only takes a second or two. What takes a few seconds (or sometimes minutes) is getting enough transaction confirmations for each UFR wallet to update their balance. The file won't be decrypted until this happens as per the smart contracts, so there is no potential for fraud.
Okay, so worst case scenario there's a slight delay on token confirmation?
Have you heard of Flixxo? I was doing some research last night, and apparently it's an ICO utilizing P2P. How does it differ from UpFiring?
There are no blockchain projects really taking on P2P file-sharing besides us, to my knowledge. Our biggest competitor is uTorrent/SoulSeek (non-blockchain projects). Part of the challenge is convincing users of those platforms to switch over to Upfiring, and that's where the incentives (UFR tokens) come in.
Why do you think that is? It makes a lot of sense, I'm just surprised no one has gotten on it before now.
Crypto is still young, and there are still tons of opportunities in the space. Hence the explosion of crypto-startups over the past few months. Eventually I do think we will have competitors, but for now we're the only ones taking this on.
That is pretty amazing because if you get your things done and right you will have an enormous first mover advantage. It will probably put you in the pole position for a very long time.
Can you disclose who you've chosen for your legal counsel?
I can't (yet), until they release a public statement about Upfiring (likely an analysis of whether or not it is considered a security - of course we strongly believe that it is not, and do not intend for UFR to be used as such)
If it were classified a security it would be subject to much more regulation?
I don't see any way they could classify it was a security.
Can you disclose who you've chosen for your legal counsel?
I can't (yet), until they release a public statement about Upfiring (likely an analysis of whether or not it is considered a security - of course we strongly believe that it is not, and do not intend for UFR to be used as such)
Any idea how long until that gets sorted out?
Can you disclose who you've chosen for your legal counsel?
I can't (yet), until they release a public statement about Upfiring (likely an analysis of whether or not it is considered a security - of course we strongly believe that it is not, and do not intend for UFR to be used as such)
If it were classified a security it would be subject to much more regulation?
There are no blockchain projects really taking on P2P file-sharing besides us, to my knowledge. Our biggest competitor is uTorrent/SoulSeek (non-blockchain projects). Part of the challenge is convincing users of those platforms to switch over to Upfiring, and that's where the incentives (UFR tokens) come in.
Why do you think that is? It makes a lot of sense, I'm just surprised no one has gotten on it before now.
Doesn't SIA support file trading?
No they don't. They offer incentives for storage but not sharing. They've stated they want to implement sharing, but it won't be incentivized like what we're doing.
After doing some more research, yeah you're right. Thanks for the answer.
There are no blockchain projects really taking on P2P file-sharing besides us, to my knowledge. Our biggest competitor is uTorrent/SoulSeek (non-blockchain projects). Part of the challenge is convincing users of those platforms to switch over to Upfiring, and that's where the incentives (UFR tokens) come in.
Why do you think that is? It makes a lot of sense, I'm just surprised no one has gotten on it before now.
Crypto is still young, and there are still tons of opportunities in the space. Hence the explosion of crypto-startups over the past few months. Eventually I do think we will have competitors, but for now we're the only ones taking this on.
That is a good reason. I mean, even Ethereum is only a couple years old.
There are no blockchain projects really taking on P2P file-sharing besides us, to my knowledge. Our biggest competitor is uTorrent/SoulSeek (non-blockchain projects). Part of the challenge is convincing users of those platforms to switch over to Upfiring, and that's where the incentives (UFR tokens) come in.
Why do you think that is? It makes a lot of sense, I'm just surprised no one has gotten on it before now.
Doesn't SIA support file trading?
No they don't. They offer incentives for storage but not sharing. They've stated they want to implement sharing, but it won't be incentivized like what we're doing.
Yes, we're looking into optimizing this so that transactions don't take any longer than a typical file-download.
As long as the users aren't on fiber internet, that shouldn't be too difficult.
What would happen if the transactions did take longer than the download? Is there potential for fraud?
Anyone have any idea on this?
No. Once the transaction is broadcast to the network, it cannot be stopped. That process only takes a second or two. What takes a few seconds (or sometimes minutes) is getting enough transaction confirmations for each UFR wallet to update their balance. The file won't be decrypted until this happens as per the smart contracts, so there is no potential for fraud.
Can you disclose who you've chosen for your legal counsel?
I can't (yet), until they release a public statement about Upfiring (likely an analysis of whether or not it is considered a security - of course we strongly believe that it is not, and do not intend for UFR to be used as such)
There are no blockchain projects really taking on P2P file-sharing besides us, to my knowledge. Our biggest competitor is uTorrent/SoulSeek (non-blockchain projects). Part of the challenge is convincing users of those platforms to switch over to Upfiring, and that's where the incentives (UFR tokens) come in.
Why do you think that is? It makes a lot of sense, I'm just surprised no one has gotten on it before now.
Crypto is still young, and there are still tons of opportunities in the space. Hence the explosion of crypto-startups over the past few months. Eventually I do think we will have competitors, but for now we're the only ones taking this on.
Since you get tokens for seeding content, will the higher demand stuff have higher reward to incentivize seeding it?
Yes, and the reward is split among all the seeders of a file. You get compensated each time someone downloads a file you are seeding, so if the demand is very high you'll get rewarded every single time it gets downloaded.
This reminds me of a private tracker I used to use. You would get points for seeding and uploading, and they even had a bounty system for highly desired content. You could trade those points in the store, mostly for digital stuff like titles and such.
Do you think there will be a bounty board so people can see the kind of stuff is highly in demand?
This is not in the initial development plan, but it's definitely going to be considered as we see what kind of content people are interested in. For now, the amount of UFR required will be standardized based on file-size.
Yeah that makes sense. Do you plan for UpFiring to be more of a community than most current public trackers?
Or is it going to be more decentralized?
ISP called my house once, not very happy..
if you know what I mean..
IDK if this still happens, but I assume so.
Would this service protect against this?
if you know what I mean..
IDK if this still happens, but I assume so.
Would this service protect against this?
Short answer - we're going to try. All information sent across the network will be encrypted, so hopefully this will prevent this from happening. However, it's a decentralized app and thus users are responsible for what they choose to use it for.
From your answer, you guys are not even sure of 100% protection of users, trying is completely different from 100% encryption. It is better to offer something new to the market that just rushing to take a cut of the ICO pie
Or you could just turn on your VPN? Who doesn't have one nowadays?
Yeah, even my grandma has one set up now. Just had to send her a guide on how to set it up.
Or you can set up a proxy within the client and not have to mess with it again. Super convenient.
ISP called my house once, not very happy..
if you know what I mean..
IDK if this still happens, but I assume so.
Would this service protect against this?
if you know what I mean..
IDK if this still happens, but I assume so.
Would this service protect against this?
Short answer - we're going to try. All information sent across the network will be encrypted, so hopefully this will prevent this from happening. However, it's a decentralized app and thus users are responsible for what they choose to use it for.
From your answer, you guys are not even sure of 100% protection of users, trying is completely different from 100% encryption. It is better to offer something new to the market that just rushing to take a cut of the ICO pie
Or you could just turn on your VPN? Who doesn't have one nowadays?
Yeah, even my grandma has one set up now. Just had to send her a guide on how to set it up.
Any interesting partnerships that haven't been announced?
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