Linking to an entire sub-DumbIt is ridiculous. Your actual link should've been to --
http://bravenewcoin.com/news/decent-a-torrent-blockchain-presale/DECENT looks like a steaming pile of shit, which isn't surprising seeing how everyone and their brother is trying to "crowdfund/sale/ripoff" their shit-coin in an effort to get money before disappearing into the void.
Here's their point-by-point summary:
Independent - owned by the users and "will never be affiliated with any economic, media, or political party" --
The fuck it won't, its based on a reputation ratings, which is the single worst way to govern a network.
Borderless -
You've got to be shitting me... you know what else is "borderless"? The goddamned internet. So what, you idiots...Stable - not dependent on any single server -
Until the three-letter agencies and the MPAA/RIAA shut you down for having copyrighted works on your Peer-to-Peer network... suuuuuure.Fair - everyone starts at the same level and build up their reputation --
Until it gets gamed to hell with users playing to be publishers and others self-rating their own shit... just a big circlejerk crap-pileProfitable - users can buy content directly from the authors and there is no cut taken by Decent --
Until the above happens and ratings mean exactly dogshit...Spam Free - content publishing is expensive for spammers --
Who will exist anyway if the platform proves to have any kind of reach, invalidating this very claim.Secure & Anonymous - authors can publish the content anonymously --
Except the transaction record will be recorded into a blockchain, which means pseudo-nonymous at best...Recommendations-enabled - readers that purchased the content can embed their feedback into the blockchain --
Who really gives a shit. If you want a torrent, you grab it from one of the many seedpeers that exist outside of the DECENT system. Nobody cares about recco's that can be gamed and forged.So in conclusion, you have a bunch of people gathering Bitcoin for their pet project and issuing some shit-tokens for a torrenting system that doesn't add fuckall for grabbing files hosted on the network. Its a propeller-head stunted dream of getting paid to torrent shit, which I guarantee will end up in the crosshairs of some litigious entities that will do everything in their power to disrupt and shut down their activities. Being a centralized holding entity isn't going to help these schmucks either.
In short -- stay the fuck away, unless you are a rich idiot that doesn't mind throwing money out of a window.
