[ANN][UFR][ICO] Upfiring | Incentivized P2P File-Sharing

[yourboss]

Guys, are you sure your math is correct behind this project? Quite a few questions arise after reading the Ann, and as I can see it's not only me who wonders..

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[GoBelle]

Do you guys see yourselves bringing in anymore advisors in the near future?

[okspam]

Can you please post a comparison between this and Decent? I prefer your project, but I want to see your take as well.

Decent is a good project, but there are a few key differences:

Upfiring strictly focuses on file-sharing. The app allows files to move freely between 2 or more peers - and the solidity smart contracts, which manage the token, distribute UFR tokens when appropriate. Users of our platform earn tokens when others download their files.

DECENT is a protocol for applications and publishing of content. Decent itself doesn't do anything as an application - it simply allows others to build apps on top of it. It functions similarly to an Ethereum/Solidity development framework. It is a solid project in and of itself, but definitely different than Upfiring.

I appreciate your answer. Since Decent is distinctly different from Upfiring, is there any other competition which are much more like Upfiring?

I'm curious who your biggest competitor is, and what differentiates you.

I think vTorrent is the only competitor, but I don't know were this project stands at the moment.

What we need is an anonymous encrypted P2P sharing plattform to compete with one-click-hoster.

Just judging by vTorrent's website they don't see very dedicated.

[CoinFarmer]

Can you please post a comparison between this and Decent? I prefer your project, but I want to see your take as well.

Decent is a good project, but there are a few key differences:

Upfiring strictly focuses on file-sharing. The app allows files to move freely between 2 or more peers - and the solidity smart contracts, which manage the token, distribute UFR tokens when appropriate. Users of our platform earn tokens when others download their files.

DECENT is a protocol for applications and publishing of content. Decent itself doesn't do anything as an application - it simply allows others to build apps on top of it. It functions similarly to an Ethereum/Solidity development framework. It is a solid project in and of itself, but definitely different than Upfiring.

I appreciate your answer. Since Decent is distinctly different from Upfiring, is there any other competition which are much more like Upfiring?

I'm curious who your biggest competitor is, and what differentiates you.

There are no blockchain projects really taking on P2P file-sharing besides us, to my knowledge. Our biggest competitor is uTorrent/SoulSeek (non-blockchain projects). Part of the challenge is convincing users of those platforms to switch over to Upfiring, and that's where the incentives (UFR tokens) come in.

[CoinFarmer]

Since you get tokens for seeding content, will the higher demand stuff have higher reward to incentivize seeding it?

Yes, and the reward is split among all the seeders of a file. You get compensated each time someone downloads a file you are seeding, so if the demand is very high you'll get rewarded every single time it gets downloaded.

This reminds me of a private tracker I used to use. You would get points for seeding and uploading, and they even had a bounty system for highly desired content. You could trade those points in the store, mostly for digital stuff like titles and such.

Do you think there will be a bounty board so people can see the kind of stuff is highly in demand?

This is not in the initial development plan, but it's definitely going to be considered as we see what kind of content people are interested in. For now, the amount of UFR required will be standardized based on file-size.

[CoinFarmer]

ISP called my house once, not very happy..

if you know what I mean..

IDK if this still happens, but I assume so.

Would this service protect against this?

Short answer - we're going to try. All information sent across the network will be encrypted, so hopefully this will prevent this from happening. However, it's a decentralized app and thus users are responsible for what they choose to use it for.

[CoinFarmer]

I see a few problems, maybe someone knows solution:
1. "When a user downloads a file from a seeder, the user pays for the transaction with UFR", so in this case, it will not be free for user that downloads a file (why should he not use other services like uTorrent).
He can earn by seeding, but still you need some initial capital, to download even 1 file.

2. Transaction fees:
If I understand right you get UFR by seeding and spend it by downloading, but some of that goes to cover gas cost. So in the end you have to seed more than download, but you can't seed if there is noone that downloads.
Taking all the system into account, someone will have to constantly buy or create new tokens?

 

Yes, this will decrease the number of tokens in circulation very slightly with each transaction. This will be offset by the in-app purchasing of tokens, which we plan to implement in some later versions of the app. Initially, the people who invested in the ICO/acquired tokens from exchanges will be the ones to pay seeders when the app goes live.

[BLACKCOIN883]

There are no blockchain projects really taking on P2P file-sharing besides us, to my knowledge. Our biggest competitor is uTorrent/SoulSeek (non-blockchain projects). Part of the challenge is convincing users of those platforms to switch over to Upfiring, and that's where the incentives (UFR tokens) come in.

Why do you think that is? It makes a lot of sense, I'm just surprised no one has gotten on it before now.

[danBitcoin]

Can you disclose who you've chosen for your legal counsel?

[temple]

Guys, are you sure your math is correct behind this project? Quite a few questions arise after reading the Ann, and as I can see it's not only me who wonders..

I don't have the impression that they are completely off. What exactly do you mean?

[okspam]

Will you try to inhibit token volatility? If so, what methods would you use?

[bananafana]

Yes, we're looking into optimizing this so that transactions don't take any longer than a typical file-download.

As long as the users aren't on fiber internet, that shouldn't be too difficult.

What would happen if the transactions did take longer than the download? Is there potential for fraud?

[bananafana]

Yes, we're looking into optimizing this so that transactions don't take any longer than a typical file-download.

As long as the users aren't on fiber internet, that shouldn't be too difficult.

What would happen if the transactions did take longer than the download? Is there potential for fraud?

Anyone have any idea on this?

[BLACKCOIN883]

There are no blockchain projects really taking on P2P file-sharing besides us, to my knowledge. Our biggest competitor is uTorrent/SoulSeek (non-blockchain projects). Part of the challenge is convincing users of those platforms to switch over to Upfiring, and that's where the incentives (UFR tokens) come in.

Why do you think that is? It makes a lot of sense, I'm just surprised no one has gotten on it before now.

Doesn't SIA support file trading?

[danBitcoin]

Anyone from UpFiring around to answer questions?

[celestio]

Since you get tokens for seeding content, will the higher demand stuff have higher reward to incentivize seeding it?

Yes, and the reward is split among all the seeders of a file. You get compensated each time someone downloads a file you are seeding, so if the demand is very high you'll get rewarded every single time it gets downloaded.

This reminds me of a private tracker I used to use. You would get points for seeding and uploading, and they even had a bounty system for highly desired content. You could trade those points in the store, mostly for digital stuff like titles and such.

Do you think there will be a bounty board so people can see the kind of stuff is highly in demand?

This is not in the initial development plan, but it's definitely going to be considered as we see what kind of content people are interested in. For now, the amount of UFR required will be standardized based on file-size.

Yeah that makes sense. Do you plan for UpFiring to be more of a community than most current public trackers?

[housebtc]

ISP called my house once, not very happy..

if you know what I mean..

IDK if this still happens, but I assume so.

Would this service protect against this?

Short answer - we're going to try. All information sent across the network will be encrypted, so hopefully this will prevent this from happening. However, it's a decentralized app and thus users are responsible for what they choose to use it for.

From your answer, you guys are not even sure of 100% protection of users, trying is completely different from 100% encryption. It is better to offer something  new to the market that just rushing to take a cut of the ICO pie

[okspam]

ISP called my house once, not very happy..

if you know what I mean..

IDK if this still happens, but I assume so.

Would this service protect against this?

Short answer - we're going to try. All information sent across the network will be encrypted, so hopefully this will prevent this from happening. However, it's a decentralized app and thus users are responsible for what they choose to use it for.

From your answer, you guys are not even sure of 100% protection of users, trying is completely different from 100% encryption. It is better to offer something  new to the market that just rushing to take a cut of the ICO pie

Or you could just turn on your VPN? Who doesn't have one nowadays?

[BLACKCOIN883]

Any interesting partnerships that haven't been announced?

[danBitcoin]

ISP called my house once, not very happy..

if you know what I mean..

IDK if this still happens, but I assume so.

Would this service protect against this?

Short answer - we're going to try. All information sent across the network will be encrypted, so hopefully this will prevent this from happening. However, it's a decentralized app and thus users are responsible for what they choose to use it for.

From your answer, you guys are not even sure of 100% protection of users, trying is completely different from 100% encryption. It is better to offer something  new to the market that just rushing to take a cut of the ICO pie

Or you could just turn on your VPN? Who doesn't have one nowadays?

Yeah, even my grandma has one set up now. Just had to send her a guide on how to set it up.