Topic: [Pre-ANN] ThePirateBayCoin (TPB) +Torrents on the blockchain+Built in downloader - page 7. (Read 19620 times)

I'm working on a proof of concept as we speak. I can't give a eta as I'm in the early stages. If I can get a few people on a team so we can delegate work I believe it can be done fairly quickly. I have all of the broad strokes figured out, working on the details. I have made a few coins for fun and one that is currently being used as a gift card system at a local business. I'm a crypto nut.

I want to move away from proof of work and proof of stake and move into proof of upload and proof of seed.

We are currently talking about having a premium teir, pay X amount of coins to become a premium member, paid to the miner/uploaders, this allows you to upload torrents. Uploading torrents that recieve atleast 20 thumbs up/positive feedback/small donations, nets the uploader a stake, like proof of stake, that would pay them over a set time with an amount determined by how many people are being paid at the current time. This is the mining part of the coin, the only time coins are created on the network. Want to download a 1gb movie? it will cost 1TPB for 1gb downloaded. If you seed back to 1:1 ratio you start gaining back 1TPB per 1gb uploaded, paid for by the other people downloading from you, the pool of funds created by them anyway. Or it can be micropaid as you download every kb using your public key. This way you get paid for seeding by the people that are downloading.

this definetly looks really intresting , compared to all the other shit coins we've had lately , keep on workin on it , and if you need a good logo designer , contact shadowrunner

Im looking into it.

+1

but tell em what i2p is, because most ppl here just get wet pants if the read TOR....

So many recent coins that have proposed to do exactly this-- add magnet/torrent links to their blockchains-- and either been scams or failed.

If you can show a working prototype of torrents in a blockchain BEFORE releasing a coin... and even better, make that coin all proof-of-work... you will have a hit on your hands.

I like the idea of paying a nominal fee for quality torrents, too.

PM sent!!!!!!

And make it work over i2p

Do you plan on complete decentralization? Torrent links in the blockchain as well as comments? Now that would be cool.

I had a few thoughts already, you may have thought of these but what the hey.

1) no PoW or PoS. Make the coin pure PoU proof of upload.

2) The faster the upload speed the more coins are accumulated. Anyone seeding at 10kb/s will get dick all coins. The reward needs to scale to all uploads otherwise inflation may be a problem. I have no idea how you can track that.

3) most if not all downloads are free and pirated material (this is what everyone wants)

4) Only seeders and uploaders should get paid.

5) You don't need a torrent client in the coin. Just need to create a coin that has the .torrent links and tracks who does what and pays out appropriately.

6) Please NO IPO/Premine/dev block percentage or anything like that. Do it for the good of humanity and to fuck the PTB.


I think something like this will gain alot of attention if it can be launched fully working. Anything else will be treated as a scam and this will go nowhere. So, what say you dev? Are you serious about replacing Pirate Bay or just here to make some money?

BTW: has anyone thought of using ads to get dev funds? Something completely off the blockchain.

I need to add a voting system so ppl can identify viruses and stuff. Like its dangerous to just download anything from piratebay but if you read the comments you can usually avoid the nasty stuff.

I think it is agood idea but you need to make a strong tracker (Like IPT general tracker satisfies everyone)

hmmm


actually it doesn't sound bad.. go for it

ThePirateBayCoin is a service that will eventually replace The Pirate Bay. Our goal is to create a blockchain based torrent database. Mining as we know it will not be used. TPB is Proof of Upload or POU. Coins are created like proof of stake but to get a stake you must upload a file, once that file gets 20 downloads or donations your address begins to earn coins. You continue to earn coins as long as people are downloading your torrent. To get more coins you can seed torrents. Every 1GB uploaded you receive 1TPB, and inversely for every 1GB downloaded you pay 1TPB. Seed back 1:1 on a file and you will net 0, nothing paid nothing earned. Seed back 2:1 and earn 1TPB. Uploaders will be given the option to charge per download, charge for the new game you just created, or the song your wrote and produced.

I have the skills to make this happen myself but we all know that a group would get it done faster, so I'm looking for talented individuals that would like to help me with this project. PM me if you are interested.