Is the upcoming bittorent coin going to credit the seeders

[kathiravan]

Hi all,

I recently came across an article that the bittorent founder trying his hands on crytocurrency and soon going to launch a rival crypto currency. I understand that it is going to be yet another altcoin.

But does he going to link the coin with bittorrent and the likes. I mean it is a good idea to credit the seeders to promote seeding. Is it legal. Or he just planning to create an altcoin like every other coin changing the dynamics and hashing algorithm.

I couldn't find much info on his launch except the hype from the online news channels. Does anybody have more info on this.

[1713544994]

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[1713544994]

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[1713544994]

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[Totscha]

Yes. This functionality is at the core of his cryptocurrency. Instead of POW, POS, etc... it will be utilizing POB eg. Proof Of Bandwith. It will be integrated into Torrent clients so the actual data transmitted will not be a total waste. Obviously you'll need a FTTH connection or you can just forget about it.

So finally you GOT and pr0n downloads will start making you money!

Hooray!

This is of course pure bullshit. And if you took 5 minutes to google him you would find out all about it...

[kathiravan]

I guess so. But isn't it a crime to get paid on torrents. I mean the governments are ignoring the seeders on the piracy issue because they are not monetarily benefited. If they are benefited, Each seeder is committing a crime of piracy for personal gains. And more will be encouraged to do so.

[puthre]

I guess so. But isn't it a crime to get paid on torrents. I mean the governments are ignoring the seeders on the piracy issue because they are not monetarily benefited. If they are benefited, Each seeder is committing a crime of piracy for personal gains. And more will be encouraged to do so.

Torrents are not (only) for pirated content.

[Totscha]

I guess so. But isn't it a crime to get paid on torrents. I mean the governments are ignoring the seeders on the piracy issue because they are not monetarily benefited. If they are benefited, Each seeder is committing a crime of piracy for personal gains. And more will be encouraged to do so.

Torrents are not (only) for pirated content.

Blasphemy!

Next thing you're probably going to say is that Bitcoin is not (only) for drug lords and terrorists...

[Bowtiesarecool]

I guess so. But isn't it a crime to get paid on torrents. I mean the governments are ignoring the seeders on the piracy issue because they are not monetarily benefited. If they are benefited, Each seeder is committing a crime of piracy for personal gains. And more will be encouraged to do so.

Torrents are not (only) for pirated content.

Blasphemy!

Next thing you're probably going to say is that Bitcoin is not (only) for drug lords and terrorists...

Say it isn't so

[christie]

It's still too early to tell. But I strongly believe if his project is sold via ICO, the shares will be sold out immediately.

[kathiravan]

Thanks for the enlightenment.

http://www.makeuseof.com/tag/8-legal-uses-for-bittorrent-youd-be-surprised/

Seems that good people are out there too.