Topic: [ANN][VTR] vTorrent - Share with freedom | 2FA | HD | @Bittrex - page 112. (Read 436160 times)

Seriously? The whole fucking ANN?

That's just a site that streams over bittorrent as it is right now.

Can you tell me how they plan to use crypto currency as part of the project?

It also has a central web site, it's very vulnerable to take downs? can you tell me how they plan to solve this?

Leigh.

Domain routing is one of the techniques we'll be employing to ensure that our service is always online. The way this works is you have one central domain for example purevidz.net which then uses some form of client-side code to look-up what the newest domain is for the current version of the service.

There's a few ways this can be done and one way is using the Bitcoin blockchain itself. The way this is done is using the Bitcoin op code known is OP_RETURN


Suppose we have some address that we own the private key to. This means that we are the only ones able to broadcast a transaction from said address. Knowing this, we can then perform transactions from our staticly defined address to any other address we own and include an OP_RETURN of the newest website. For example, "purevidz234.net" is well under the 80 byte restriction.

Our client-side code or router can then look up all transactions from our defined address via an api such as blockchain.info and look for the most recent transaction. From this, it can determine the OP_RETURN value of said transaction, and then route you to the value of it. All of this can be elegantly done with a little bit of Javascript.

Bounties are a great way for users of the website to influence what is added and to ensure that content is added at a healthy rate to the service to keep users entertained and the site running smoothly. To help with this, there are actually a number of types of bounties each of which work in slightly different ways. Contributors to the site may always view a list of available bounties ordered by their value. When these requests are filled and a moderator confirms the content is working, properly formatted and properly tagged then the bounty is split between the person who submits the torrent (75%), the moderator who reviewed it (12.5%) and the development fund (12.5%).
All users who have registered an account on the website will have a trust value based on how accurate their submissions, reviews and ratings have been in the past. Users with high trust ratings may be offered moderator status. Moderators are unable to review their own submitted content and will be removed and blacklisted if they incorrectly approve fake/misleading content.

User Bounties

Any user on the website may place a bounty for items not currently indexed. These bounties are combined between users increasing the visibility of content that has been requested by multiple users. To place these bounties, users will search for an item that they wish to be added to the site and then specify how many VIDZ tokens from their balance they would like to use. After a confirmation window the bounty will be placed and the VIDZ removed from their account. If a bounty is not filled within 30 days then the bounty is canceled and the tokens are returned to the user’s web wallet.

Global Bounties

Tokens in the development fund are accumulated through user submitted bounties, buyback programs and VIP membership renewals. Every time the fund reaches a certain threshold a new global bounty will begin. Unlike user specified bounties, global bounties assign a fixed number of coins to be distributed among all content added to the site during a specific time period. For example if a 7 day 100,000 VIDZ global bounty begins then at the end of the 7 days these tokens are split equally among all content submitted and approved to the website during that time period. Movies are valued at a 10:1 ratio to television episodes for obvious reasons.
These global bounties act as a way to healthily re-distribute the currency among users who are actively submitting content to the site and allows large amounts of new content to be made available at key times of the year. For example we would be able to trigger specific global bounties encouraging users to upload christmas movies near the holidays or summer blockbusters during the summer.

VIP Requests

When a user purchases VIP status, 60% of the coins are sent to a burn address with 40% being assigned to their request ‘weight’. VIPs may request as many new items to be added to the site as they wish without spending any VIDZ with our system automatically assigning a bounty based on how many items they have been requested and their current request weight. The math behind request weight takes into account how many items the user has requested in the month, the bounties already existing on those items and their perceived scarcity.
For example, requesting a newly released summer blockbuster will increase the visibility of the bounty but will not add a significant amount of VIDZ to it as the likelihood of it being submitted regardless is very high and the number of other bounties placed on it are already significant enough.

Site Advertisement

Advertisements on Pure Vidz must conform to strict guidelines both in terms of service/site content and in the format of the advertisement itself. Ads must not be misleading, malicious or compete with the services being provided by Pure Vidz. The format of advertisement will be simple CSS styled html links meaning no animations, videos, sounds, popups or popunders. The purpose of these restrictions is to ensure that users are not tracked or put in danger by 3rd party advertising partners and to make sure the site remains clean, quick and functional for all users.

Targeted Advertisement

Targeted advertisement slots consist of paid or referral based ads targeted to the content you are currently watching. This could be posters, shirts, boxed sets or other merchandise that expand the functionality of the site. These ads may not be directly purchased as it would result in the ability for advertisers to more easily track users leaving our website and would cause too many advertisement submissions to do our due diligence in approving. By placing these ads ourselves for approved services it allows us to strengthen their security and relevance to ensure conversion rate is as high as it can be.

VIP Memberships

While the site will be free for all users (registered and guest), VIP memberships will unlock a number of unique features. VIP status is temporary and may be unlocked by using VIDZ tokens, through site promotions or through a fiat gateway.

• No site advertisements
• Free content requests
• Customizable RSS feeds
• Customizable content notifications
• Alternate website themes

VPN Referrals

Depending on the copyright laws in the country a user is accessing the service from, a VPN ranges from "recommended" to "necessary". As part of our site we will aim to educate users on what a VPN does for your anonymity and why it should be used when accessing p2p resources. As part of this process, we will be including promoted links to the PureVPN service. Their referral program offers initial commission on new signups as well as recurring commision on accounts that continue after the first month. This will offer the site sustainable long term profits while at the same time informing and protecting our users anonymity.

PureVPN's referral program generates approximately $10 for each new signup and $3.50/month recurring. This means that for each 1000 VPN referrals who remained subscribers for 12 months, the site would generate up to $48,500 (1,000 users * $10 + 1000 users * $3.5/mo * 11 months) in earnings.

VIDZ Buyback and Burning

VIP Earnings - Any VIP memberships purchased with fiat gateways will be allocated to buying back VIDZ tokens from exchanges. The tokens received from these purchases will be treated in the same way as if the VIP had been purchased through VIDZ. 60% will be sent to a burn address with the other 40% being allocated to the user’s request weight for the month. Unused coins from the request weight will be transferred to the development fund.

Referral and Advertisement Earnings - All funds earned from referrals, advertising and other fiat based partnerships are dedicated to three major tasks: site costs, site development and the coin buyback program. A report will be published each month validating funds have been allocated as promised and will also include various metrics showing the growth and profitability of the site.

• Site Costs - 15%
  Every month 15% of the total fiat profits are allocated to the site maintenance fund. This fund is used for server hosting, domains and other expansions of the networking services.
  
  
• Development - Variable %
  To ensure that the developers are active in the long term and are heavily invested in the price of the VIDZ currency, the profits from advertisements are proportional to the amount of coins held by the organization. This includes the dev fund, advertisement funds and the personal fund of the developers themselves. As more coins are acquired from the buyback program, the portion of fiat earnings that the developers receives increases. If the service holds 10% of the total VIDZ supply then they only receive 10% of the fiat profits of the site. Auditable information will be published monthly to verify transparency.
  
  
• Buyback - The Remaining %
  All remaining fiat profits are routed into the buyback fund which aims to purchase VIDZ from exchanges. Coins received from the buyback program are routed into the development fund (25%), a private holdings fund (25%) and a public burn address (50%). The purpose of this breakdown is so that coins are always being redistributed through the development fund to provide global bounties or social marketing campaigns, to increase the scarcity of the coin by burning them and to increase the stake the developers have in the price of the coin. As the private holdings fund grows, the amount of fiat allocated to the buyback program is lowered.
  

If we can stream stuff on our phones / iPads it's game over. 30 dollars per VTR. 

If it doesn't come up as an option, ask for that feature to be considered for future development.

..
If we can stream stuff on our phones / iPads it's game over. 30 dollars per VTR. 

That's months old, correct, it's not been released yet.

Coins is right, if the devs did put out a video like they did for they ipad app, that showed the torrent functionality, it would give investors more confidence in the project, there are loads of people watching this project just waiting for the right time to enter.

WTB 250k, PM if interested.

Since when is there an iPad app? That's not out yet though right?

You can even see the BitTorrent tab in this iPad port demo:

https://youtu.be/5fyK0z5APXI

Which makes me think that the BitTorrent code is in the current client - just not enabled to be used.

There are plenty of people, even in this thread, that have all said the same thing: waiting to see torrent functionality.

Even if it was a basic video showing the torrent tab, which is clearly visible in some of the dev images, the price would reflect the boost in confidence people have been waiting for.

You can even see the BitTorrent tab in this iPad port demo:

https://youtu.be/5fyK0z5APXI

Which makes me think that the BitTorrent code is in the current client - just not enabled to be used.

There are plenty of people, even in this thread, that have all said the same thing: waiting to see torrent functionality.

Even if it was a basic video showing the torrent tab, which is clearly visible in some of the dev images, the price would reflect the boost in confidence people have been waiting for.

Stalled because 1 person who was buying has stopped pushing the price up. Everyone is probably waiting for the Hard Fork i guess.

Those will be pretty cool, don't forget group chat, I'm more interested when the devs said "more" features to come, just curious to see what they come up with.

Can't see it being delayed, it should on or there about block 1.2m, Anyway not long to find out.

The market on trex has pretty much stalled, no one buying or selling at the moment, I'm expecting that will change soon.

Hard fork, 12/30/16 4:28 AM ~9200 blocks to go.

Those will be pretty cool, don't forget group chat, I'm more interested when the devs said "more" features to come, just curious to see what they come up with.

Can't see it being delayed, it should on or there about block 1.2m, Anyway not long to find out.

The market on trex has pretty much stalled, no one buying or selling at the moment, I'm expecting that will change soon.

Someone in the riot group suggested it might be delayed. I certainly hope not! I am excited! Tor integration, i2p integration, and some other goodies!