Topic: [ANN][VTR] vTorrent - Share with freedom | 2FA | HD | @Bittrex - page 56. (Read 436207 times)

Cool, got to use that twice in one day.

Challenge is good. Less of the 'doomed' thing and more of the: Devs, do it like this, or why don't you think about doing that.

That is cool, but I would not utilize any tracker service (decentralized or not) that does not have the ability to rate torrents and uploaders. That is just asking for a virus, and there would be a lot of bandwidth wasting downloading low quality content.

The "meh" was directed at the ad hominem that was (and still is) being directed at me. Calling me lazy, misinformed, only interested in short term profits, etc... is this how you guys treat new community members? Some sort of hazing?  


It looks as if I am not misinformed, as no one knows exactly how the incentives will work. As far as how the incentives work, I know as much as you guys do... nothing.

Contradict yourself much? There is nothing to research, as the details are unknown. You want me to read 213 forum pages to look for something that doesn't exist? I value my time much more than that.


If you knew me (which you don't), then you would know I am less interested in short term profits, and more interested in cryptocurrencies that can grow over a long period of time. Generally, I buy and hold cryptocurrencies for years, so that makes you no better than I. You cannot insult me based on something you admit to doing yourself.

Magnetico: A Personal Torrent Search Engine That Can’t Be Shut Down

We've switched to Blackcoin's POS 3.0 scheme, currently the most secure POS implementation:
https://bravenewcoin.com/assets/Whitepapers/Blackcoin-POS-3.pdf
Basically involves removal of coin age factor with its several attack vectors. It's replaced with a fixed block reward proportional to the outstanding supply. It's a more consistent release of coins divided amongst the stakers -- less stakers means higher individual block reward. This incentivizes active nodes thus providing better security to the network. Also introduces some cool new features like multi-signature and cold staking. Annual interest is still 5%. You're earning less because difficulty has increased; more stakers are now online competing to solve blocks. That would have happened with the old wallets as well.

We don't know finer details because they haven't been released yet. What we do know of is the current inflation rate, which hasn't thus far hurt the coin's price, and potential market for this project, which is huge. I'm not trying to be defensive, but you came in here dismissing this project outright without proper research. Sure, you are entitled to your opinion, as misinformed as it is, and I think we've been rather civil considering. This is not an echo chamber. There are long-term hodlers here who are very critical of the dev team's silent approach. But you'd have to read the entire thread to know that. Bullet points just don't do it justice.

For you to say "meh" to a one-of-a-kind technology project tells me you are a speculator only interested in short-term profits. And that's fine. But I think there's more money to be made in moonshot projects like this, and the reason I bought in early.

We are all waiting for torrents functionality to be released to further evaluate our participation. I suggest you do the same with an open mind.

@dev
After last fork looks like something have been changed in staking, I earn more vtr from staking than before, even more than the 1st wallet.
Seems than newer wallet earn less interest from staking even with a bigger balance

Now interest are related to coin age?

Can explain us how it works now if something have been changed?

Thanks

Meh, I was just trying to understand how the incentives work and how much inflation there will be. No need to get defensive or combative. I am entitled to my opinion. Create a moderated thread if you want an echo chamber.

But to be honest, no one seems to really know how the incentives and inflation will work exactly, so I will wait to pass final judgement on it once those details are fully disclosed. I still think that if it works how some of you think it will, then it is unlikely to be as widely adopted as you guys seem to believe.

Nonetheless, I have thrown some change at a few VTR tokens anyways. Good luck to us!

You haven't done enough research.

Yes, people can still use the pirate bay, a cat and mouse game increasingly in favour of the cat. That's not who we're after here. I know plenty of people who pay real money for access to private torrent trackers because that's usually where the good and rare content is. And I know far more people who purchase digital music, movies and books. Vtorrent aims to provide an integrated platform for content creators and consumers that's easy to use, private and secure, where people can buy, sell and share content free of censorship, regional blocking, and industry harassment. And this market is huge. 5% inflation is nothing next to the potential growth of users.

The current low market cap is probably because there's been zero marketing. It's difficult for a small project to stand out in an ocean of alt coins. Also, development has dragged on for 2 years. I'm not saying that disparagingly. Torrent on blockchain has never been done before, and such innovation takes time. I actually like that the dev team has been methodical and low key with releases and info. It's not healthy to hype a product that doesn't exist or function correctly. When we have a working beta, that will be the time to crow. And I believe it's soon. 

This is why you are right:

The internet is free and it is used by 5bn people.

This is why you are wrong:

> People pay to use the internet through broadband charges and mobile data plans.

> Why would anyone need Bitcoin which charges fees (you typically need to allow 10%-15% by the time you've gone through the various exchange processes) when you can use a bank account for free?

> Why does Netflix exist and as a single company is worth 3 x the total value of Bitcoin? On paper, Netflix should not be able to compete or even exist because of Kodi which you can download for free and get more content.

Somewhere between zero cost and high cost, there are 5 billion internet users who give value to different business models.

If you were 100% right in your conclusion, Bitttorrent would not have 150m to 250m users. It would have 5bn users; and Netflix would not exist.

This has never been done before. Even if it were not 100% on target on its mission, it can be tweaked to gain a substantial users base - a user base that could be bigger than Bitcoin's user base.

Doomed?

I've been around long enough to know people with 10,000BTC just say it's worth a punt and throw 100BTC at a project after just 5 minutes of thinking about whether it could have merit.

And I've also seen people who spend weeks thinking about investing in a project, speaking to as many people as they can; only to say - yeah, I'll probably throw $100 at it.

VC's use a scatter gun approach for a reason. Despite their highly intelligent researchers, in the end, they have no idea if an idea will work or not.

If you're such an oracle, you should go work for a VC, you'll make millions. Then come back in 12 months and we'll compare notes on whose made the better investment.

Dev says several time than now the focus is on developing technology and not on how to sell it.

Now no one knows for sure how reward will works simply because of it haven't been decided, but an inflation rate of 5% don't seems to be too high

Why should use vTorrent instead of others free services?
Because of it's decentralised (can't be shut down), it's anonymous and uploaders will be rewarded

RIOT, a native mobile wallet and 2FA adds a lot of value itself.

And seems than vTorrent can be released before MU2...

I do plenty of research to find valuable undervalued projects, but the way you guys are describing the incentive system, it is not worth my time to do the research on this one. It will never catch on or become popular if leeches have to pay, or if too much inflation is used to reward uploaders/seeders. Either way, this project is doomed. Maybe that's another reason for the low interest and market cap...

Ok you win just click this image and you'll get a bag of money without having to do any work or research yourself:



Glad I was able to save you some valuable time of actually reading about projects you're considering investing in and at the same time provided you with a life-time of riches which you achieved by sitting in your chair and doing fuck all!

Lol, no thank you. It is 213 pages... I would rather pass up this project than do that.

This information should be in the OP or on a website in a FAQ. I don't even see a whitelaper, otherwise I would read that. No one seems to know this information. The two people that said anything are just giving their opinion on how it should work and/or don't seem too sure of themselves as to how it will work.

No wonder interest, volume, and market cap for this project is so miniscule. How do you expect people to take it seriously without a whitepaper, website,  or FAQ explaining how things will work? You expect everyone to read through 213 forum pages? Lol...

Go back and read the entire thread.

Hmmm. I did not realize leeches would need to pay. Why would they use torrent when they could use piratebay etc for free?

It is my understanding that uploader/seeder incentive is provided by leechers. Could be wrong though.

Definitely, a way of rating content creators and each individual torrent needs to be implemented.

I think it is very important to reduce or negate inflation needed for the incentives too.

Transaction fees should be earmarked for these incentives.

A demurrage fee should also be considered. At the very least, a demurrage fee on dormant accounts should be imposed and earmarked for incentives.

Any other ideas for additional funding?

Trust ratings should play a big part in this. It's a feature I'd like to see added to weed out crap. If people are paying for stuff, it's got to be from trusted sources.

I like the whole user rating model, if there are enough users doing the self policing.

Should be some financial incentives from becoming an established trusted rater.  Price should reflect how many trusted ratings you've made and the overall quality of all ratings.

We have an website now!!

http://vtorrent.info