Topic: BitTorrent Cryptocurrency (Read 2997 times)

Yes this is true, they won't have much of it. This service should stay free.
People will go other places as seen before. Bad investment plan.
Why? Because you think this is something new, whole idea already existing and there is not much interest for this i presume. People will always choose gratis things, instead of buying them. This is basic of human psychology.

This is one project that can be developed so that peeps can earn while they seed their files. Might be used by pirates but if we can develop it so that we can start first with legit files - our own personal collections.

I am a bittorent user, digital currency is the strong attraction of every investor. Do not waste the best moment to try new innovations, that's better. Many agree with this project, and many do not support it. It's Normal, a challenge to seriously design this project.

Really interesting...This will really promote the advocacy of free file/info sharing.  Earning while sharing.  My 100% support is on this.

this is great. this morning while walking with a friend we were talking about a coin for torrent file sharing system. so i searched later and found this thread and an article about bram cohen https://torrentfreak.com/bittorrent-inventor-bram-cohen-will-start-his-own-cryptocurrency-170424/
i cant wait for this coin to launch !

They will not have a hard time promoting their own crypto currency since they already have a user base.Bittorrent is another example of programs that utilize the power of crypto currency and many more programs are coming in to take this kind of opportunity.

Love the idea of being able to earn a currency by uploading to a certain tracker, and then being able to donate part of that currency to the tracker to keep it running. Not only will this help torrent trackers survive, but it will incentivise seeding, particularly on public trackers where it's basically nonexistent.

This is the bitcoin address of The Pirate Bay, aruably the most popular torrent site at this moment:
https://blockchain.info/address/129TQVAroeehD9fZpzK51NdZGQT4TqifbG
Over the years they started acceping bitcoin in 2015 and since that time people donated more than 11 BTC
I don't think a sending a donation to TPB can be associated with fact that someone is downloading pirated content.

I've been contemplating over the feasibility of this project myself too but if they are able to succeed maybe we can also profit from seeding files online.

This would really be something I'd be interested in. I've been a faithful user of torrents since the late 2000s. I wonder how much coin I could have accrued through all my seeding over the years. Regardless I hope other torrent sites will consider implementing or adopting a coin such as this. I wonder though how they will integrate the sending of the coins into the network.

Interesting.

I think BitTorrent and Cryptocurrencies could go well together somehow. I am not exactly sure how or what project will "win" yet. There are already a few projects that are working on this or something similar. I am minimally invested in:

vTorrent:
- Incentivize seeders and uploaders
- Publish torrent metadata on the blockchain for search purposes (decentralized piratebay)
- The dev is weird/unresponsive and doesnt give many updates, it may be a scam I am not sure... but I only have some change in it just in case it blows up.

Visio:
- Already integrated with IPFS (decentralized internet)
- Already stores IPFS hash (web address) to content
- Already has a website integrated with IPFS for movie streaming (http://www.visio.wtf/)
- You can also do all of the above in the downloadable wallet
- Active and responsive dev

I've been looking into other projects along the same lines too. I found Atmos (Novusphere.io), but there seems to be a lot of discontent from ICO participants. Similar to the discontent from vTorrent token owners.

I think Visio currently has the edge, but I have yet to figure out how they are planning on monetizing everything and bringing value to the Visio token. I kind of agree that making people pay for things will not be very popular. The only other alternative I can think of is using inflation to add incentive like Steem does, but this didn't work out very well for Steem. So, who knows...

Earning from seeding was not a new idea after all. I found a thread here that claims a torrent site is already using this concept.


I have to say, I am a bit disappointed that Bittorrent's idea was not new at all. I admit that I am not that updated in terms of the news about bitcoin. To think that I praised them about their idea.   

Beyond the obvious comments of "this guy doesn't really know what he's saying about Bitcoin", there are some remarks left to be made.


I don't think they'll say no for a small reward if they keep files online.


Incorrect, you should read up on torrents.

Yup, because torrents are kind of hosting illegal files so BTC definitely has some degree of anonymity associated with it.

That is basically the precedent hinted at here a distributed altcoin tor would mean that those who participate need to have a way to earn which we presume is seeding files. If so then we may see a division of bittorrent to a paid and unpaid section with different seeders. We already have private torrent sites with minimum seeding requirements to join and stay a member so I can see little clubs being made if it keeps the P2P structure and has a filter mechanism. Hard to speculate there isn't even a whitepaper to explain how it functions.

If it's just storage though Maidsafe already has good progress on that front but there can be more than one, the skill level and development paths may share similarities but they may be complementary to one another in the end.  
https://maidsafe.net/

If this project succeeds I think downloading torrents sometimes will be faster because there will be many seeders because they can earn some coins just by seeding. I think this project might be useful not to us but of course to those who download torrent since torrents will be faster to download. I do hope that they wont make torrenting be a paid service because of this altcoin they made.

That is one way to promote seeding just like Leech all you want but we get paid to Seed now so it's all good, even still the premium seeding sites will likely remain popular.
(From the leeching battle to the sharing and seeding battle that would be fun to watch)

That was a great idea. The users will gain from bittorrent while seeding a file. This will result to every file from the servers of bittorrent have more seed. That will increase the download speed of files. This will be a revolutionary change for the torrent community. I do hope that bittorrent will launch their ICO soon and I am sure that this will be a hit 

Great info, coin for ""seed"". This is other way to used internet money

I think I got your point here. Though I like the idea of this proposal but of course we need something that this coin has a purpose or demand. I hope they are serious about this project and continue to innovate the said system. I am hoping that this will not become a money making activity only but something with significance for the benefit of all.