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1  Bitcoin / Project Development / Re: Decentralized distribution line using Bitcoin/Altcoin and Torrents - Possible? on: July 25, 2017, 03:32:10 PM
That's somehow what I was looking for. The project seems stale though, also, no open source?
2  Bitcoin / Project Development / Decentralized distribution line using Bitcoin/Altcoin and Torrents - Possible? on: July 24, 2017, 04:57:14 PM
A peer-to-peer paid decentralized distribution line using Bitcoin/Altcoin and Torrents - (CoinTorrent)  

Example problem: Someone wants to distribute one of his/her creations (i.e. a song in MP3 format) through the internet.  Unfortunately, the artist can't have a computer running all day to distribute the song exclusively from his/her own place. This is my practical solution:

1) Creator's CoinTorrent Client:

- The creator loads the file into the client.
- The app divides the file into multiple pieces, for example, 100 pieces.
- The fragmented pieces are broadcasted to the CoinTorrent network, with price and payment rates embedded.
- Payment rates define the rate at which the creator and the distributor will be receiving payments once a buyer pays for something. Example:
The creator decides to have  70% returns of whatever the price of the song is in this case, so the remainder must be distributed among ALL ACTIVE distributors. This means that, if in this case there are 100 pieces of data available, the maximum amount EACH distributor can expect to receive is 30%/100 = 0.3 % (This is the ideal case, but complex because there is no data redundancy among the network). If the amount of distributors is increased (more data redundancy, which is good), then the expected amount is 30% / (Number of total of distributors ONLINE AT A GIVEN TIME)

2) Distributor's CoinTorrent Client:

- CoinTorrent Client listeners willing to receive and distribute files accept the data of their choice (with the most interesting payment rates) and store it for as long as they want. In this case, initially 100 DIFFERENT clients receive data from the creator (later on more distributors can decide to hold pieces of data as well). When they decide to delete their holdings, they send a copy of their holdings to another CoinTorrent Client to make sure the data is always available.

3) Creator's CoinTorrent Client:


- After the successful broadcast, the artist will have a special initial encrypted link-file, that holds the instructions inside to ask for the original file to the distributors. The link-file contents is dynamic, in the sense that it is being constantly updated with the state of the distributor network by the distributor clients themselves.

4) Buyer's CoinTorrent Client:

- The buyer pays (using Bitcoin/Altcoin), and gets a copy of the link-file from the owner that can be used to get the original song from the network. Multiple payment modes are acceptable: one time only payment, pay-per-stream, etc.

5) Creator / Distributor's CoinTorrent Client:

- Now that a payment has been received, it is automatically distributed among the owner of the song and the data holders according to the previously agreed  payment rates (They have setup their clients with the required Bitcoin/Altcoin addresses for automated payments).

Note 1: the CoinTorrent Client can be one single app, with every feature (Creator, Distributor, Buyer) available in one package, or specific and differentiated apps. For example, this could allow the CoinTorrent Distributor Client to run from a smartphone.

Note 2: The pair Bitcoin/Altcoin + Torrent lies inside one single app, hence the name.

TL;DR: You get paid for storing data IF YOU ARE CONNECTED TO THE NETWORK when a transaction related to the data you are holding happens.


Is this too difficult to implement?  Huh

 
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [$XVG] VERGE [POW][MultiAlgo][BLACKHOLE][Entire Line of TOR/i2P Resources] on: June 07, 2017, 12:00:34 AM
Didn't mean to sound condescending there either just sincere about wanting the best for verge. I think for xvg to go mainstream it needs to appeal to people like me. A 30 something dude that works his ass off and has disposable income enough to throw at cryptos but struggles with some of the techie parts. I have the money but no time. Quick and easy and I'm all over it

Verge is my newest buy but it's the one I am most excited about. Anything I can do to help I'm all for!

Blockchain tech will eventualy become mainstream. You don't manage the technical know-how of a credit card or bank transaction, yet you still use it everyday because it works. Verge and the entire crypto universe does the exact same thing, the only difference is that the transference of ownership is being validated in a decentralized fashion, unlike banks. The entire database of transactions belongs to their owners, not major corporations.



4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [$XVG] VERGE [POW][MultiAlgo][BLACKHOLE][Entire Line of TOR/i2P Resources] on: June 06, 2017, 09:29:42 PM
does anyone know if verge is going to have some activities or changes for verge? Otherwise I am thinking to sell verge.
Verge has been rising up a lot. It should do something more to keep rising. Otherwise it won't just keep rising without any activities.

I assume you donated for the fundraiser to boost XVG presence on Coinomi ? (The campaign is over though) If you did, then wait for more announcements and developments to come.
Spread the word, be more active on your side, the dev has been doing a lot for Verge lately.

5  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XVG] Verge - Speculation & Discussion on: June 05, 2017, 09:42:04 PM
WOW.  I was looking at the Verge orderbook on Bittrex and noticed something very unusual.  After 400 satoshis, the orderbook is mostly empty.  I saw one sell order at 20,000 satoshis.  After that, nothing.

OK, as I am writing this, I am seeing a few orders fill in, at 500, 800, 1000 and a few other price points.  Guys, if someone came in right now with 1000 BTC, and bought everything, that would put the price at 1000 Satoshis.  If the orderbook stays as empty as it is right now, the sky is the limit to the price of this coin ! ! !

As you are reading this, has the orderbook filled in, or are you seeing the same thing I am?

Mark the "Show all" checkbox and you'll see the entire orderbook. Bittrex by default only shows a more concise view.
6  Alternate cryptocurrencies / Speculation (Altcoins) / Re: verge -XVG future price on: June 04, 2017, 05:20:10 PM
Two reasons to buy Verge right now:

1) Verge is one of the few coins that will implement RSK smart contracts shortly, and that's a game changer for obvious reasons.
2) Verge is not currently listed on Poloniex,  so , once they accept the coin its price will spike heavily.

XVG is still extremely cheap for what it will be worth, it's just a matter of time actually.
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [$XVG] VERGE [POW][MultiAlgo][BLACKHOLE][Entire Line of TOR/i2P Resources] on: June 03, 2017, 04:46:15 PM
All,

Are you looking for more information on $XVG? please feel free to check out my post on our sub-reddit! (/r/Vergecurrency)

https://www.reddit.com/r/vergecurrency/comments/6f0b94/welcome_friends_and_potential_investors_of_xvg/

Cheers,

-Rekt

Thanks CryptoRekt, your post is extremely helpful!
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [$XVG] VERGE [POW][MultiAlgo][BLACKHOLE][Entire Line of TOR/i2P Resources] on: May 20, 2017, 07:37:53 PM
Hey, if you eventually need help translating stuff to spanish, I can help.

thanks! maybe you can take a look at this:

https://github.com/vergecurrency/VERGE/blob/master/src/qt/locale/bitcoin_es.ts



You're welcome. I'll take a look tonight
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [$XVG] VERGE [POW][MultiAlgo][BLACKHOLE][Entire Line of TOR/i2P Resources] on: May 20, 2017, 04:27:28 PM
Hey, if you eventually need help translating stuff to spanish, I can help.
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