Nothing revealed about the project yet. We need more info. Is there a whitepaper?
Thank you for your interest in our project,
We're currently in the process of preparing our whitepaper. We will post a screencast or screenshot of our client with torrent functionally build-in soon, but our goal is not just to have client with ability to download/upload files in torrent protocol, we're looking to create limewire/kazaa with blockchain at core.
Stay tuned!
No one wants limewire/kazaa, we want TPB but without servers or domain names that can be seized.
DHT, PEX, and magnet links mean we don't need trackers or .torrent files anymore.
Just create a coin that allows people to embed a magnet link within the metadata of a block for a nominal fee. Keyword being nominal. I doubt those who upload torrents regularly for free will want to pay much for the privilege. Burn the coins that are paid to ensure a steady demand for new coins.
Make it POS and hopefully the network generates just enough demand to make it worthwhile for stakers to hold their coins and sell their stakes everyday to uploaders.
It is hard to monetize torrenting since the whole point of it in the first place is people sharing free shit. If I need to pay to torrent, I'll just start streaming shit from amazon instant video.
No one would get rich off this but I don't understand why it wouldn't work...........
