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I love the concept, but can anyone enlighten me on how this can work when you currently can download torrents for free? What is the benefit for leechers here?
This is quite lit although tbh I have been wondering why crypto never took off in the torrenting world apart for payments. I have seen some of the private communities take it for seedbox payments and membership access but that's about it. I am not sure how this will compare against other file storage products like say arweave or filecoin either. Just the fact that this is possible is a big deal. Maybe there's an opportunity for micro-streaming services like Onlyfans to consider using this
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ETH is a scam.
The owners forked just to steal money from a dude.
You can't even run a ETH node.
It's centralized trash.
I just automatically assume anything with crypto in its name is a pump and dump scheme. Blockchain and crypto has been a thing for almost a decade and to date there hasn't been a single "x, but with crypto" or "x, but with blockchain" that hasn't been a giant scam to enrich the early adopters.
I am always concerned that these seeding "for profit" apps would move me the from torrenting for self group, who have practically zero chance of civil liability where I am, right into the "organised crime network" group, who are doing it for the money and are therefore criminals subject to criminal penalties.
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There is a discussion on Hacker News, but feel free to comment here as well.
In my opinion, if torrenting meant one needs to pay for download, we would never have heard about torrents. This might give people more incentive to seed, but I'd never use it for what I use torrents - get stuff for free or reduce the load of FOSS servers.
To me it's the usual crypto thing - very cool from a technological perspective, not useful in real life.
edit: typos
How do you know that the user uploading the file actually owns the rights to distribute the file? Wouldn't this just incentivize those with the infrastructure (e.g., money/bandwidth) to take over the market and suddenly get paid for sharing others' content?
The idea of "let's combine a distributed filesharing system with a distributed currency" is completely sound, and one that I've worked on in the past. But this is a totally backwards way of approaching the problem. You have no way of actually paying the content creators, just the content hosts. It's just more of the same, and at least with Spotify I get some neat analytical tools. But this just seems like it's designed to help the people who run topsites, not the people who actually make the content and NEED the money.
Thumbs down until you figure out the problem of rights management through your protocol.
Torrents, as a poor choice for the "killer app", aside, state channels are a curious technology but most traditional implementations [fully pre-collateralized channels] have a design flaw where no one wants to put money to the end user, while happily accepting inward capacity from the senders. Haven't looked into this specific implementation, i wonder if it has a fix for this. "Virtual channels" sound relevant here.
However, "if you build it they will come". I'm excited to see what will the creative minds of the internet do with this technology once it exists.
Not to mention the difference between paying for pirated content (or worse, selling it) and doing it for free.
Congratulations on reinventing a bad solution to a problem that doesn't exist.
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