So the only way to get VTR (besides faucet or giveaway) is to buy it?
Do you have any idea of what each VTR would be worth in terms of bandwidth, or is this something that would change over time? Would the reward for lesser seeded torrents be higher?
Good question..and why would people want to go from paying NOTHING when downloading a torrent to PAYING?? what advantages are there of using Vtorrent and paying in VTR than just using good ol torrent for FREE?.
As I said earlier there are many torrent networks that are closed (you can do your own research on the matter); especially for files which have less demand, they can easily die out from a lack of seeding.
There are also some files on popular websites which die off because of a lack of seeders.
The other factor is that until now all torrent websites have been centralized--they come and go over time. The idea of this (if I understand it right) is to have a decentralized database of magnet links.
This is pretty much going to turn what bittorrent currently is into something more like Kazaa (i.e. easy to use for anyone).
I think the wallet download should include some free funds or there should be a way that anyone from anywhere can start using the program without having to invest first; this would remove a huge barrier of entry.
If vtorrent will ever work it would need the following elements to be succesful in my opinion:
- reward for offering content, not the downloaders pay, but the system. Maybe initially use the 6% premine for that, or make some kind of masternodes to handle the payments.
- a good system not only consisting of a decentralized database of magnet links (which in my opinion is not the key to success), but also consisting of a good way to read and search in that decentralized database (datamining) without needing to access a website that could go offline anytime.
- a developer that is open about what is happening in development and attracts other good and skilled developers to participate in a joined effort.
- open source code. Closed source will not work because nobody will trust the code. We are talking about wallets here and an anonymous developer.