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just keep in mind Kimdotcom's project MU2 (Mega Upload 2 which has now been renamed to 'K!M') is going to be posting progress this month; if I was VTR dev then i'd be waiting for this.
It also remains to be seen exactly what Kim's "Bitcache" idea is, as I haven't seen any technical details or proof that it actually works yet.
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Hi all, Just an invitation to take a look at the thread on the XEL forums with regards to setting up a fund to award for use cases as well as towards scientific/non-profit endeavours: https://talk.elasticexplorer.org/t/competition-to-develop-example-use-cases-promote-xel/769/16?u=ikarosI was thinking it might be useful to have a competition to develop sample use cases for the platform.
This could initially be just to brainstorm ideas but could involve later rounds that evolve into actual functional development.
We could run it via social media (e.g. Twitter) and I could do a post on my Steemit blog (there are a lot of students and university people on there). Sometimes when you create a product having examples of how people can use it is helpful - people may even be unaware it is useful for them.
I was thinking of putting aside a 2000 XEL prize for this (other people can add to this too).
The thing is XEL isn't worth a lot or well known right now so a bitcoin based prize may be more enticing.
Not only would it be great advertising and promotion in itself but it could also bring in new developers to help EK and CoralReefer.
One further thing that I was thinking of, would be to approach various respected people in the field - e.g. distributed computation (and also cryptocurrency) in an advisory role.
What do others think? I propose that part of this fund (say 20%) is kept in reserve to award/donate to scientific purposes or interesting projects that require some XEL tokens but shouldn't have to spend actual money for it. i.e. if someone from NASA (let's aim high here) wants to even try out the XEL project we could gift them some tokens so that they can at least have a play/tinker and use XEL without having to make any financial investment. Likewise, if there is some non-profit cause that requires use of XEL we could donate freely towards their cause.
Of course both of these would be the subject of some due-diligence and proof that they aren't just trying to get free money.
Seeing as @unvoid was the person who managed a lot of OTC transactions before we got listed on Bittrex, perhaps he would be up for managing the fund. I'm suggesting him as he is trusted.
Managing said fund would require both trust and some hard work, so we could perhaps propose a fee (2% or so) for the services rendered?
I'd propose that votes are made using the XEL wallet for each award, so the community gets to have some say. Please participate in the discussion at this could be a really valuable investment of time and to give XEL some real usage in the real world. |
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DEV TEAM!!!! PLEASE POST A VIDEO SHOWING TORRENT FUNCTIONALITY
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People are panic selling. The whole markets red at the moment. Hopefully it will stabilize soon.
Exactly. The entire market got shook up yesterday. Every single project posted double-digit losses. Only BTC really managed a minimal loss. |
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Here's a super interesting project to look at (which isn't a cryptocurrency project, but rather an older BitTorrent project) which looks at incentive models to improve BitTorrent. http://bittyrant.cs.washington.edu/The white paper is here which discusses incentivized downloading quite a bit: http://sing.stanford.edu/cs303-sp11/papers/BitTyrant.pdfIn this instance it seems that the incentive is for people who seed more, rather than what vTorrent is proposing which would be paying for seeding. |
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You have to admit dev, this is tough to see, especially for the growing number of people that want this project to do well.  Some info would really help with morale. This project has so much potential, please support your supporters a little more. After over 2.5 years invested in this project, it's starting to give the whiff of vapourware. Prove me wrong dev! Having seen some of the images above and the link to the code from Transmission, it's not vapourware at all. But we could do with better communication from the devs. Solution is to make VTR-Communication coin for which value is tied to the number of posts made by the dev. Would be groundbreaking. |
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Dev, does the testnet currently run?
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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...
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! |
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3% PoS inflation combined with 1% to 3% uploader/seeder inflation incentive may be too much. It seems I will have to stake this coin if I get involved to lower that to 1% to 3%.
But, your answer is just a guess... it is really weird to me that no one seems to know how the uploader/seeder incentives will work. To be honest, it is quite worrisome to me as a potential investor.
It is my understanding that uploader/seeder incentive is provided by leechers. Could be wrong though. Hmmm. I did not realize leeches would need to pay. Why would they use torrent when they could use piratebay etc for free? Go back and read the entire thread. |
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yo dev,
looks like things are slowly coming together. thanks for all your hard work on the project.
if you need any help with resources/support/documentation or anything at all please feel free to make a post
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Some of us have been watching vTorrent for a long time (:
More importantly some of us understand the dev because we actually read what he posted.
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coinmarketcap now shows vTorrent as having a cap of $1,155,502 USD
This makes it the 128th most valuable cryptocurrency!
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Wallet 0.8.2.1 is online! New ATH 0.00009240 now, 1 VTR = 0.094 USD....much space to grow with torrent and riot next weeks!!  And where it can be downloaded  That just means it is online (as viewable via the current client) and doesn't mean it has been released publicly. |
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vTorrent just hit its ATH of 0.00008790
Market cap is now $1,010,619 USD
Nice!
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Hi, guys! I'm new here and would like to learn some more about the project. I heard there is a Slack channel and I saw an invite for it on the previous page, but it's sadly not working. Could someone post an invite here? Also, I wanted to ask what is the general feeling about the project of people that have been following it for longer. On the surface, there are a couple of things that make me a bit concerned: - lack of website (or at least very difficult to find one, as I haven't been able to)
- not so many updates about the project: I was only able to see a couple of -- dare I say -- rather unconvincing videos on Youtube about ongoing development, and there appears to be only a single commit to the Github repo since the last release in Sep. 2016
We had a long chat about development last night. Basically the dev was hoping to get a client out some time ago (around January) but then decided to implement Riot and then we had a hardfork yesterday which probably lead to a delay (there is no point in optimizing a client if its going to change with an impending hardfork). If you're looking to invest you should do your own research and read through all the previous posts by the dev. In very brief summary: development of this project has always been closed/private in nature for various reasons that the dev has explained quite some time ago. This isn't groundbreaking news to people who have followed the project since the beginning. This isn't a typical pump/dump dev that post misleading screenshots and promises the ends of the earth every 3 days. So far as anyone is aware it is extremely unlikely that anyone else on this thread has any official connection to the dev (that includes all people on Twitter, Slack, Riot etc); the only other username which has any official connection that we're aware of at this time is pnoch. So if you see people making claims that xyz will happen on abc date on some medium and it doesn't directly come from the dev then its probably not true. The dev can clarify otherwise if they wish to. People are working on the slack invite issue right now, I'll make sure you get an invite as soon as possible if you PM me your email address. Bump of this response so people actually see it. |
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Just an update regarding distribution; VTR had quite a bit of an issue with the coins not really being distributed that well amongst the community. This seems to have been fixed/changed with recent market activity--there are now 50 wallets on Bittrex that contain at least 1 BTC worth of VTR--this means at least 50 people have $1000 USD or more riding on the success of this coin.
This obviously depends on what your opinion on what distribution should be, but if the idea is to get a community interested in the project and its future then having more people holding the coin makes a lot more sense in my opinion.
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Hi, guys! I'm new here and would like to learn some more about the project. I heard there is a Slack channel and I saw an invite for it on the previous page, but it's sadly not working. Could someone post an invite here? Also, I wanted to ask what is the general feeling about the project of people that have been following it for longer. On the surface, there are a couple of things that make me a bit concerned: - lack of website (or at least very difficult to find one, as I haven't been able to)
- not so many updates about the project: I was only able to see a couple of -- dare I say -- rather unconvincing videos on Youtube about ongoing development, and there appears to be only a single commit to the Github repo since the last release in Sep. 2016
We had a long chat about development last night. Basically the dev was hoping to get a client out some time ago (around January) but then decided to implement Riot and then we had a hardfork yesterday which probably lead to a delay (there is no point in optimizing a client if its going to change with an impending hardfork). If you're looking to invest you should do your own research and read through all the previous posts by the dev. In very brief summary: development of this project has always been closed/private in nature for various reasons that the dev has explained quite some time ago. This isn't groundbreaking news to people who have followed the project since the beginning. This isn't a typical pump/dump dev that post misleading screenshots and promises the ends of the earth every 3 days. So far as anyone is aware it is extremely unlikely that anyone else on this thread has any official connection to the dev (that includes all people on Twitter, Slack, Riot etc); the only other username which has any official connection that we're aware of at this time is pnoch. So if you see people making claims that xyz will happen on abc date on some medium and it doesn't directly come from the dev then its probably not true. The dev can clarify otherwise if they wish to. People are working on the slack invite issue right now, I'll make sure you get an invite as soon as possible if you PM me your email address. |
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How does the new stake algorithm work, is it a fixed reward per block now?
Yes so far as we can tell it is now a reward of ~1.11743 per block; your chance of 'winning' the block is based upon how much you own. If you don't run your wallet then you don't get to earn a shit ton of VTR when you turn it back on. So now you need to run it continuously to get the staking reward. |
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