Topic: [Pre-ANN] ThePirateBayCoin (TPB) +Torrents on the blockchain+Built in downloader - page 3. (Read 19620 times)

I can use a few bits and pieces from datacoin but don't want POW at all. Its under 20k to store a whole torrent file. Your standard magnet file and file name is less than 200bytes. If we set block time similar to datacoin and allow 100 uploads per block/minute we should expect a block size of around 20kb per block. Using his math that is around 10.5gb per year blockchain growth. That's 52million torrents uploaded per year.

I shouldn't need anything special like datacoin tho. All I really need is a coin with comments on the blockchain and I can incorporate that. Upload a file and it creates the magnet link. That magnet link, file name, and tipping public key are included in a comment on a tx and added to the blockchain. I do a sort and search in the wallet on the comments on the blockchain for what I want. I download the file and after the file is complete I'm given the option to tip. Once I press the button to tip a small amount of coins(a few satoshi) are sent to the pub key attached to that file. All coins sent to the public key are put up for stake in the next block round. There will be 2 seperate pub/priv key sets. One for sending regular transactions, the other is just for tips. There will be a very strict limit of how much can be sent as a tip and how often per pub key. I also have an idea of how to combat spam tips.

Looking forward for this project hope the dev could assemble a good team, i like the concept hope its not a forked of datacoin but something new to everyone.

Wooooot I got the perfect domain.


http://thepiratebayco.in


Now to build the site.

Yeah, I'm just creating this as a group project to share linux distros among my friends.  

You could always hide behind: "Oh I didn't know this was gonna happen, all I did was create some software".

Or if people ask you could always deny that you created the app, supposedly you were only the PR person.
Besides there is no server to adress to, you are in the clear mate.

I know some advertising sites that pay in BTC per ad view I plan to work with them that way it keeps it anonymous on my end. I'm well aware of the possibility of prison, I take every precaution I can to avoid such a fate. The fact is this NEEDS to be done. The RIAA and MPAA need to be shown that they can't step on our freedoms to share information. All information should be free whether it is copyrighted or not. Once this is launched they can arrest me or sue me all they want and I have absolutely no power to take it down. They could burn me at the stake and I have no way to shut it down. I'm willing to take that risk.

I'm looking into it but the first release version is going to be bare bones, other stuff like anonymity will come later. The first version will have the basic features of magnet storage on the blockchain, tipping/staking for uploaders, and paying/being paid for leaching/seeding. I don't want to add too much to the project before launch as more features means more development time.

Sounds pretty sweet actually. I'll race for some coins

If this project used the supernet api in the wallet, it could have easy access to anonymous spending, hiding ip addresses, and decentralized storage as well as many more dev eyes. Might be something to consider, cause why reinvent the wheel?

To monetize this you'd have to bundle adware/spyware, like most torrent clients do. And maybe display the same crappy ads TPB used to have. And be careful because you might end up in prison like TPB's founders.

I plan to have a long testnet period and let everyone help debug. I think the best way to go about the upload reward system is to add a tipping button to each torrent. This would send a small amount of funds to an address that only the wallet knows that is linked to that torrent or I could even just changing the first few digits of the tipping address to differentiate it from normal transactions and not let anyone send coins to that address unless they are tipping. Once those funds are sent as a tip they start to stake like other pos coins. The more popular your torrent the more tips it gets and the more coins you are staking. Less safe and/or less popular files won't get tipped therefore won't get a stake.

Great Concept!!

Considerations:
Based on this model YiFY and a few others will potentially get the equivalent of always instamining TPB coins.
  
Not that they wouldn't deserve it but before setting the TPB reward for a very popular torrent setup a testnet and make sure the reward  strongly decreases with popularity so the little guy still has incentive to upload more obscure files.

Also consider whether you want copycats in mass to download a torrent and then reupload it as their own so they can get the huge TPB rewards from the popular torrents.  Have to decide if its good or bad to have hundreds of copycat torrents flooding the network for every popular file which can make it hard for people to know which torrents are safe to DL and those that aren't plus unnecessarily stuffing the database with the same file hundreds of times but under different torrent handles.

That is also good to hear , I am realy looking forward to this project , I will keep an eye on this thread and would love to help where I can , I could promote , do a translation and could set up a pr twitter account once there are some solid news

another thing i was wondering about : will there be a max coin supply ?  One coin is always "pegged" against one download right ?

Keep in mind that these are just mock ups. The wallet is not done.  

Still looking for talented devs to lend a hand. I'm working on a way that I can take a sabbatical or quit my job and still be able to pay the bills while I work on this, It would get done so much faster.

I have a few ideas, first is advertising. I'm going to whore out the OP, website, and Wallet. Yes, I said I'm going to put an ad in your wallet. Its the cost of keeping it free.

We have also talked about selling a physical coin or pendant with the coin logo. This way we can make some initial funds available to compensate anyone that contributes.
PM me if you would be interested in buying a physical coin or pendant and I will add you to the notification list.

Good job dev!

Nice, I did not know that. Thanks for clearing that up. Looking forward to your progress.

I know a few people personally who have worked with tpb in the past, using the name isn't an issue. tpb even released the code so anyone can start their own pirate bay.
https://github.com/isohuntto/openbay

The goal is to make TPB immortal. They have been very resilient in the past but making this "coin" will make it impossible to take down making it, in essence, immortal.

Any ETA for wallet release ? and do post more updates about the project development.