BitCoinTorrentz.com - Torrent Download Service

[Kluge]

imho ALL shares should be paid dividends.
but that's just me.

They can be paid dividends if the Issuer moves them into the "BTC" account, I believe. By default, issued shares by the Issuer go to a special account specifically for the security. If the Issuer leaves those shares in that special default account, then dividends are not paid to those shares. If the Issuer moves them to his "BTC" account, then he will be paid. It's up to him.

[mjcmurfy]

Just a quick update to inform users that the bitcoin client crashed yesterday.
It has now been restarted and the service is operating as normal.

With regards to the changes I suggested, what I meant was to pay out dividends '2 monthly', i.e. every two months - not twice monthly. However, if shareholders would prefer monthly that makes little difference to me personally.

With regards to the price decrease, I guess the service was pretty underpriced, this was an intentional decision to grow the business. When the btc exchange rate goes up, the price should come down proportionally or else it is tantamount to a price increase. If users and investors are happy with the current rates however, then I think I will just leave it static for the moment and see how users react. If however volume is down by the end of the month, a price decrease will be back on the table.

imho ALL shares should be paid dividends.
but that's just me.

All shares are paid dividends except those I hold myself. I agree though that the GLBSE system should allow me to pay out to all shares (i.e. including my own) and not just those held by other investors.

are you selling shares for the money paying out as dividend?

No, I am not doing that. Bitcointorrentz is not a ponzi scheme.

[gregwedow]

Just made use of this service this afternoon... have to say I'm impressed with the speeds and how smooth everything went.

A thought though, would it be possible to add an option to have all of the downloaded files thrown into a tarball or other archive once it's complete?  I sometimes have to work in a bit of a restricted computing environment and this would make it much easier to retrieve the files after they are finished.

[molecular]

Just made use of this service this afternoon... have to say I'm impressed with the speeds and how smooth everything went.

A thought though, would it be possible to add an option to have all of the downloaded files thrown into a tarball or other archive once it's complete?  I sometimes have to work in a bit of a restricted computing environment and this would make it much easier to retrieve the files after they are finished.

This has been requested before. The workaround was to use "wget -r" or "curl -r" to download all files. Is your computing environment restricted in such a way that you can't make use of these? Maybe there's a browser plug-in for that?

[finkleshnorts]

Is the server down? bitcointorrentz has been trying to download a <1GB torrent for me for nearly 3 hrs. and no progress.

[opticbit]

I used this service on a small file a few months ago, on a file i uploaded.

seemed to work good.

Would like to see any updates in the start of the topic, 26 pages is a lot to go through...

Also I like to have the option to get some seeding in, maybe a check box for 100%, 200%, 400%...

[Kluge]

I used this service on a small file a few months ago, on a file i uploaded.

seemed to work good.

Would like to see any updates in the start of the topic, 26 pages is a lot to go through...

Also I like to have the option to get some seeding in, maybe a check box for 100%, 200%, 400%...

Publicly uploading opens him up to dramatically more lawsuits were a user to violate the ToS and download unlawful content in his/her country.

Downloading content when unlawful to do so is almost never prosecuted. Uploading content when/where unlawful to do so is frequently prosecuted, and every time the file is uploaded, that's another count of illegal activity, which is how the court systems screw teens' parents out of boatloads of money. Download a $500 piece of software - it's unlikely anyone will care unless your ISP actually keeps tabs on you. Upload that a few times, and you're a much higher-valued target. Same with enforcement of almost all laws -- if you have an ounce of weed, or one carton of untaxed cigarettes, you'll likely just get a small fine and possibly a very short stay in jail (in the US, anyway). If you have a pound or few of weed, or 100+ cartons of unpaid cigarettes, you're facing serious prison time, because those are "distributor" amounts.

[theymos]

Clicking "Download Torrent" isn't working anymore.

[finkleshnorts]

Clicking "Download Torrent" isn't working anymore.

it only works occasionally for me. When it doesn't, I just get the little "x" bubble instead of the whole "pay with bitcoins" box.

[theymos]

it only works occasionally for me. When it doesn't, I just get the little "x" bubble instead of the whole "pay with bitcoins" box.

I see the same thing, though it's never working for me.

[finkleshnorts]

it only works occasionally for me. When it doesn't, I just get the little "x" bubble instead of the whole "pay with bitcoins" box.

I see the same thing, though it's never working for me.

I am using firefox in Ubuntu. It starting working for little bit after I restarted my computer. Sometimes I switch to chromium just to use bitcointorrentz.

It's frustrating to use sometimes (one time I paid to download a torrent that didn't download, I kept the status page in my browser for days), but it's a really useful service and a perfect application of bitcoin for micropayments.

[mjcmurfy]

Dividends were paid out a few days ago, here is this months financial & usage statistics:

Financial Statistics
Monthly Earnings: 16.53825 btc
Dividend per share: 0.01653825 btc/share
ROI @ 0.51 btc/share: 3.24%

Usage Statistics
New users this month: 64
Total users: 422
Downloads this month: 360
Bandwidth this month: 155 GB

[molecular]

can't initiate a download... after entering magnet or torrent url and hitting "continue" button, browser times out on "bitcointorrentz.com/uploader.php"

[finkleshnorts]

can't initiate a download... after entering magnet or torrent url and hitting "continue" button, browser times out on "bitcointorrentz.com/uploader.php"

Same for me yesterday. I was trying to show a friend how great a site it is.

[molecular]

can't initiate a download... after entering magnet or torrent url and hitting "continue" button, browser times out on "bitcointorrentz.com/uploader.php"

Same for me yesterday. I was trying to show a friend how great a site it is.

it's been this way since yesterday

[terrytibbs]

Seriously dude, you need to get on the fucking ball.

[molecular]

can't initiate a download... after entering magnet or torrent url and hitting "continue" button, browser times out on "bitcointorrentz.com/uploader.php"

Same for me yesterday. I was trying to show a friend how great a site it is.

it's been this way since yesterday

apparently this has been fixed. now I got the bug (for the first time) with the popup being 0-sized empty payment popup (only the "x" visible)

[molecular]

Clicking "Download Torrent" isn't working anymore.

it only works occasionally for me. When it doesn't, I just get the little "x" bubble instead of the whole "pay with bitcoins" box.

problem surfaces in checkout.js, line 58 (last line in quote)

    iframe.id = 'payment-frame'
    iframe.frameborder = "0"; // IE
    iframe.allowTransparency = true;
    iframe.src = 'checkout.php?' + uuid ;

    document.body.appendChild(iframe);

when trying to load the url constructed in the line above.

uuid seems to be undefined, so it tries to load http://bitcointorrentz.com/checkout.php?undefined which results in a "http error 500 (Internal Server Error)"

[mjcmurfy]

apparently this has been fixed. now I got the bug (for the first time) with the popup being 0-sized empty payment popup (only the "x" visible)

Yeah, I fixed the first error that you posted about but didn't realise that the bitcoin client had also crashed.
Apologies for the downtime guys. The problem has been fixed now.

[hgmichna]

I guess the biggest problem of the whole endeavor is the lack of reliability. There are two "foreign" components, namely the bitcoin client and the BitTorrent client, both with their own reliability problems, and limited time of the one person running the project. So it is no surprise that the entire system is not perfectly reliable.

Perhaps some good ideas about this are needed. How about a little bit of monitoring and automatically restarting components that fail? Ideally all open tasks should survive such a partial reboot and pick up where they were interrupted.

The second best task survival idea may be to have the tasks and the recently paid bitcoins on the book (in the database) and restart tasks from the beginning that were interrupted by some partial failure. Or perhaps pay back the already paid bitcoins and ask the user to start again from scratch. Payback may just mean to set the task to unfulfilled and ready to be restarted in the bookkeeping. Or it might mean to actually send the bitcoins back.

Of course it would be much better if each and every piece of software involved were perfectly reliable, but I have my doubts. So the intermediate aim may just be to provide a reasonably good user experience in the face of occasional failures without the need for round-the-clock monitoring by the operator.

My other worry would be the seeding or the lack of it.