[ANN][VTR] vTorrent - Share with freedom | 2FA | HD | @Bittrex

[leigh2k14]

https://bitcointalk.org/index.php?topic=1621467.msg16300175#msg16300175

See, a winning idea. props for building the app.

just needs some marketing

The problem is that it's closed source, as we all know it's not an ideal situation within the crypto scene. The dev took code from shadow coin, why not pay it forward and release it to the whole crypto community, this project would gain massive and well deserved recognition.

Think about the all the other ALT's using this code, that' would give everyone a well needed security boost, aside from that it would give us more respect as well as a bigger marketcap, just look at all the good things like Dash or Shadow have released under the open source umbrella.

Just something to think about Dev.

[coins101]

https://bitcointalk.org/index.php?topic=1621467.msg16300175#msg16300175

See, a winning idea. props for building the app.

just needs some marketing

The problem is that it's closed source, as we all know it's not an ideal situation within the crypto scene. The dev took code from shadow coin, why not pay it forward and release it to the whole crypto community, this project would gain massive and well deserved recognition.

Think about the all the other ALT's using this code, that' would give everyone a well needed security boost, aside from that it would give us more respect as well as a bigger marketcap, just look at all the good things like Dash or Shadow have released under the open source umbrella.

Just something to think about Dev.

not really, it would have taken years to build that app. It deserves a bounty to open source it. It was built pre-Vtorrent anyway. I don't see why the app dev can't get paid to install it for other projects. there are plenty of similar deals with people who make miners.

[leigh2k14]

https://bitcointalk.org/index.php?topic=1621467.msg16300175#msg16300175

See, a winning idea. props for building the app.

just needs some marketing

The problem is that it's closed source, as we all know it's not an ideal situation within the crypto scene. The dev took code from shadow coin, why not pay it forward and release it to the whole crypto community, this project would gain massive and well deserved recognition.

Think about the all the other ALT's using this code, that' would give everyone a well needed security boost, aside from that it would give us more respect as well as a bigger marketcap, just look at all the good things like Dash or Shadow have released under the open source umbrella.

Just something to think about Dev.

not really, it would have taken years to build that app. It deserves a bounty to open source it. It was built pre-Vtorrent anyway. I don't see why the app dev can't get paid to install it for other projects. there are plenty of similar deals with people who make miners.

I was under the assumption that the dev/s on this project built it. If VTR devs didn't build it then why are you pushing it for VTR?

[coins101]

https://bitcointalk.org/index.php?topic=1621467.msg16300175#msg16300175

See, a winning idea. props for building the app.

just needs some marketing

The problem is that it's closed source, as we all know it's not an ideal situation within the crypto scene. The dev took code from shadow coin, why not pay it forward and release it to the whole crypto community, this project would gain massive and well deserved recognition.

Think about the all the other ALT's using this code, that' would give everyone a well needed security boost, aside from that it would give us more respect as well as a bigger marketcap, just look at all the good things like Dash or Shadow have released under the open source umbrella.

Just something to think about Dev.

not really, it would have taken years to build that app. It deserves a bounty to open source it. It was built pre-Vtorrent anyway. I don't see why the app dev can't get paid to install it for other projects. there are plenty of similar deals with people who make miners.

I was under the assumption that the dev/s on this project built it. If VTR devs didn't build it then why are you pushing it for VTR?

But one of the vtorrent devs did build it, just before vtorrent.

[vtorrent]

Dear all,

As of now, only vTorrent Core is open sourced, and the reason we need to keep our full client (2FA included) closed source is to prevent other dev to clone our work and claim it as their own (or falsely claim as their project being one of the first to implement those features).

When Bittorrent part of vTorrent is reveal in a few release from now, hopefully our project will then be wildly known in crypto-currency space and the decision to open sourced other part of our project will then be considered again.

Regards,

vTorrent

[leigh2k14]

Dear all,

As of now, only vTorrent Core is open sourced, and the reason we need to keep our full client (2FA included) closed source is to prevent other dev to clone our work and claim it as their own (or falsely claim as their project being one of the first to implement those features).

When Bittorrent part of vTorrent is reveal in a few release from now, hopefully our project will then be wildly known in crypto-currency space and the decision to open sourced other part of our project will then be considered again.

Regards,

vTorrent

Ok, thanks for the clarity on the matter, glad you are considering open sourcing it.

[mishax1]

Dear all,

As of now, only vTorrent Core is open sourced, and the reason we need to keep our full client (2FA included) closed source is to prevent other dev to clone our work and claim it as their own (or falsely claim as their project being one of the first to implement those features).

When Bittorrent part of vTorrent is reveal in a few release from now, hopefully our project will then be wildly known in crypto-currency space and the decision to open sourced other part of our project will then be considered again.

Regards,

vTorrent

That's nice.

How about the anti cheat system ? Did you manage to figure out how to do it ?

[bitwarrior]

Things are really getting HOT now about VTR ... just when will the next releases is the questions.
Patiently waiting here till December of this year!!!

[leigh2k14]

Things are really getting HOT now about VTR ... just when will the next releases is the questions.
Patiently waiting here till December of this year!!!

Not long till the first hard fork, hopefully Santa will bring us a nice price correction if we've been good little boys and girls

[coins101]

Dear all,

As of now, only vTorrent Core is open sourced, and the reason we need to keep our full client (2FA included) closed source is to prevent other dev to clone our work and claim it as their own (or falsely claim as their project being one of the first to implement those features).

When Bittorrent part of vTorrent is reveal in a few release from now, hopefully our project will then be wildly known in crypto-currency space and the decision to open sourced other part of our project will then be considered again.

Regards,

vTorrent

That's nice.

How about the anti cheat system ? Did you manage to figure out how to do it ?

I doubt the devs would fix hard fork dates if they haven't got something working.

If you look back they said without it then things would be tricky.  Using a token within a token probably gives some flexibility on issues like that.

[ik_do]

PoSV2 should take about 77 days.

This means December 17, 2016

[leigh2k14]

PoSV2 should take about 77 days.

This means December 17, 2016

Just over 2 months, that would make it two years since the project started. Damn that's gone by fast.

[vtorrent]

Dear all,


We are in the process of designing the way seeders should earn their token (transferable to VTR) from seeding, as torrent file seeding normally divided into pieces, in the beginning we will implement static piece size (most likely 512Kb pieces) and have user settable demand price per piece.

For example, 700mb file, if user pre-defined price at 0.5 VTR per piece

700*1024/512 = 1400 pieces

Then users would earn roughly around 700 VTR for 700mb file, AND only if he is the only user seeding this torrent at that given moment.

In real-life scenarios, users only earn from the pieces they contributed or seeded to the network, and seeders are earning from leachers not VTR network.

If anybody have any suggestions or ideas about how we should reward the seeders, please PM me or reply in thread.


Regards,

vTorrent

[coins101]

...If anybody have any suggestions or ideas about how we should reward the seeders, please PM me or reply in thread.
...

It's probably worth looking at what the market is doing in this area, then seeing which models look worth adopting.

Joystream is using the following approach:



* Anyone with spare bandwith can use JoyStream and earn Bitcoin, at what ever price they choose, in exchange for seeding to peers. If you have some rare content which no one else has, you are rewarded by being able to charge higher prices.

* JoyStream makes it possible to download and seek to any part of a large HD audio or video file by simply requesting and paying for it directly, which makes streaming work as well as on the web

* JoyStream rewards seeders for providing bandwidth with micropayments, and this leads to much higher download speeds on all content.

They seem to have download section for their latest alpha or beta release http://joystream.co/

So, in essence, they use payment channels to let downloaders pay uploaders using market decides the fees / charges based pricing.

This is like an auction pricing mechanism. Probably similar to the way transaction fees are handled by Bitcoin clients now.

This looks similar to what you have said:

in the beginning we will implement static piece size (most likely 512Kb pieces) and have user settable demand price per piece.

[coins101]

...If anybody have any suggestions or ideas about how we should reward the seeders, please PM me or reply in thread.
...

I am a particular fan of creating a royalty payments channel:



This way, seeders can set the fees they pass on to rights holders. Rights holders can declare to the market what percentages they are prepared to accept, and again this can change over time depending on the rights holder.

For example, on first release, the rights holder might want to set the seeding price and the royalty percentage they are prepared to accept. As content becomes stale, the price might move to a market based model with the rights holder accepting less in terms of percentage share.

Lets say the rights holder is a software company that releases their software but wants to charge $500. They might want to keep 90% of that and offer 10% to seeders. This is like an affiliates program.

Or, lets say the rights holder is a movie company. They might to release James Bond xyz to seeders to help distribute their film. They might want to charge $5 per stream, and only want to keep 20% for themselves to encourage the market not to pirate the movie.

It would be interesting to have a verified rights holder seeder which shares a percentage with all other seeders. This means rights holders can be the source seeder, but others get a share for being distributors. ISP's would love it if large movie files were distributed on local area networks.

With a rights percentage share option, vTorrent would find itself being listed on sites like download.com and promoted by movie companies.

[Golftech]

...If anybody have any suggestions or ideas about how we should reward the seeders, please PM me or reply in thread.
...

I am a particular fan of creating a royalty payments channel:



This way, seeders can set the fees they pass on to rights holders. Rights holders can declare to the market what percentages they are prepared to accept, and again this can change over time depending on the rights holder.

For example, on first release, the rights holder might want to set the seeding price and the royalty percentage they are prepared to accept. As content becomes stale, the price might move to a market based model with the rights holder accepting less in terms of percentage share.

Lets say the rights holder is a software company that releases their software but wants to charge $500. They might want to keep 90% of that and offer 10% to seeders. This is like an affiliates program.

Or, lets say the rights holder is a movie company. They might to release James Bond xyz to seeders to help distribute their film. They might want to charge $5 per stream, and only want to keep 20% for themselves to encourage the market not to pirate the movie.

It would be interesting to have a verified rights holder seeder which shares a percentage with all other seeders. This means rights holders can be the source seeder, but others get a share for being distributors. ISP's would love it if large movie files were distributed on local area networks.

With a rights percentage share option, vTorrent would find itself being listed on sites like download.com and promoted by movie companies.

wow nice explanation mate i would like to join the ride i seen very big potential for this coin to rise up so no need to waste time but
to keep collecting trexx only got good price to collect thanks mate for this info good luck.

[coins101]

...If anybody have any suggestions or ideas about how we should reward the seeders, please PM me or reply in thread.
...

I am a particular fan of creating a royalty payments channel:



 

Thinking about this:

What is needed is an incentives model for people to actually seed. A great outcome is opening many to one payment channels so that people downloading content can get it super fast.

What would be great is a legal 'ponzi' type model. The source seeder, lets say they are the rights holder for the sake of creating an example, gets a cut from everyone who copies a file and then make it accessible to others.

This generates a race to seed the best content.

All the way down from the original seeder, the distributors who copy and re-seed get a cut of the bandwidth payments as part of the royalty share, but based on how quick they are to get into the seeding list.

>> So, I'm the rights holder. My James Bond movie is released using vTorrent.

>> The first 100 seeders have to pay a royalty when they get paid.

>> When the next 1,000 seeders copy the file from the first 100 seeders, they also have to pay the royalty, but now the first 100 seeders don't have to pass on all the royalty. They get to keep some of the royalty.

>> When the next 10,000 seeders copy the file, they collect the royalty, but now the first 1,000 get to keep some of the royalty, the first 100 get to keep some more of the royalty, etc.

At every stage the seeders get to skim some of the royalty depending on how quick they were to seed and whether they have kept their seeds live.

This is no different to rights holders negotiating royalty discounts depending on how big a distributor you are. They may start with a royalty payment of 20%, but in the end they are getting 5%, but 5% of a really big number, so they make more money overall.  

For the first 100 seeders, they could end up making $100,000 each from the James Bond movie, over and above their bandwidth cost. The next tier of 1,000 seeders gets to make $100 each, the next tier get to make $10, etc. Being in the 10,000 seeder list gets your bandwidth charges that you impose, but probably only a few $1's as extra profit.

You get the idea.

edit

People hear the word 'ponzi' and they automatically think of something illegal. So lets clarify this a little.

Pyramid selling or multi-level marketing. Call it what you will. This incentives model built into the protocol would drive competition to be seeders. People would become ASIC's. BitTorrent would be powered by vTorrent seeders.

This is the race to $10bn marketcap we were looking for. Make it so Nr.1

[morantis]

When will the wallet with the torrent system in it be available for anyone to d'l

[ik_do]

Dear all,


We are in the process of designing the way seeders should earn their token (transferable to VTR) from seeding, as torrent file seeding normally divided into pieces, in the beginning we will implement static piece size (most likely 512Kb pieces) and have user settable demand price per piece.

For example, 700mb file, if user pre-defined price at 0.5 VTR per piece

700*1024/512 = 1400 pieces

Then users would earn roughly around 700 VTR for 700mb file, AND only if he is the only user seeding this torrent at that given moment.

In real-life scenarios, users only earn from the pieces they contributed or seeded to the network, and seeders are earning from leachers not VTR network.

If anybody have any suggestions or ideas about how we should reward the seeders, please PM me or reply in thread.


Regards,

vTorrent

Sorry is this for tokens or for actual VTR?

If its for VTR and not tokens then the entire currency would currently only hold 10TB of data which is smaller than a drop in the ocean.

Or are users able to set a price (in which case 0.5mb/VTR would be extremely high).

[coins101]

Dear all,


We are in the process of designing the way seeders should earn their token (transferable to VTR) from seeding, as torrent file seeding normally divided into pieces, in the beginning we will implement static piece size (most likely 512Kb pieces) and have user settable demand price per piece.

For example, 700mb file, if user pre-defined price at 0.5 VTR per piece

700*1024/512 = 1400 pieces

Then users would earn roughly around 700 VTR for 700mb file, AND only if he is the only user seeding this torrent at that given moment.

In real-life scenarios, users only earn from the pieces they contributed or seeded to the network, and seeders are earning from leachers not VTR network.

If anybody have any suggestions or ideas about how we should reward the seeders, please PM me or reply in thread.


Regards,

vTorrent

Sorry is this for tokens or for actual VTR?

If its for VTR and not tokens then the entire currency would currently only hold 10TB of data which is smaller than a drop in the ocean.

Or are users able to set a price (in which case 0.5mb/VTR would be extremely high).

No chance of an increase in prices? lol

Looks like some $ or BTC pricing mechanism is needed.