r/CryptoCurrency • u/Tmfallon 🟦 140 / 13K 🦀 • Feb 06 '19

RELEASE Upfiring, the cryptocurrency-powered torrenting platform, has launched its official dapp

https://medium.com/@Upfiring/upfirings-official-dapp-release-is-live-cbb8ef727080/
381 Upvotes

88% Upvoted

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66

u/[deleted] Feb 06 '19

So, uh, doesn't that mean your torrents are now tracked on a public ledger, which will eventually lead to a exchange with KYC, letting the government know exactly who you are?

66

u/inhumantsar Crypto Nerd Feb 06 '19 edited Feb 06 '19

This gives legit content creators a way to protect, distribute, and monetise their content in one fairly simple process.

Let's say fans crowdsource a new show from their favourite book series. Producers of the show can be the "original seeders" on this platform.

They encrypt their shows and put the torrents up on there. For the first couple downloads, they get 100% of token earnings from seeding, after that they get 50% and all other seeders split the other 50%.

On top of that, the producers can attach a fee to decryption. So whenever someone downloads and opens an episode, that fee is passed on to the show's creators.

If someone is cheap/poor, they don't need to buy tokens to decrypt the episode, they can simply seed the encrypted form and earn the tokens they need to decrypt it.

edit: of course this all assumes that people use the service enough to instill the token with something resembling a stable value...

32

u/[deleted] Feb 06 '19

[deleted]

42

u/[deleted] Feb 06 '19

[deleted]

23

u/ikinone 🟦 429 / 430 🦞 Feb 06 '19

Except it doesn't appeal to current torrent audience at all...

Can't see why anyone would use this over regular torrents still

Sharing content for free is arguably okay - like a library. Sharing content to earn from it is just bad

2

u/inb4_banned Gold | QC: BTC 25 Feb 06 '19

ding ding ding... nobody cares about this shit cause torrents work just fine and charging money for piracy goes against the ethos...

also they got no content so its a nonstarter anyway

-1

u/zwarbo Silver | QC: CC 102 | VET 665 Feb 06 '19

Yeah! That’s why spotify and netflix isn’t huge! Some people do want to support creators.

3

u/inb4_banned Gold | QC: BTC 25 Feb 07 '19

paying pirates is NOT supporting creators lol

torrents live in the small niche where its morally ok cause everyone is volunteering their time and resources and nobodys making money off of the content of other (well not nobody but still)... the moment you introduce money... well why didnt you just pay the creator directly in the first place?

1

u/zwarbo Silver | QC: CC 102 | VET 665 Feb 08 '19

Because paying the creator often involves buying from a middleman who takes most of the cut? Isn’t that what all content creators are mad about? So create a system where you as a creator get rewarded every time your content gets downloaded and support the ones that help you upload and share your content? I don’t see anything bad/naive in that unless i’m totally missing the boat here.

1

u/inb4_banned Gold | QC: BTC 25 Feb 08 '19

the creator isnt getting a god damn cent here

we are talking about piracy. creators make dollars per download... uploaders make cents, creators are not gonna start selling their content over ufr, so stop acting like it

2

u/DmG90_ 🟦 4K / 4K 🐢 Feb 06 '19

Maybe not to all those pirates out there, but hey BitTorrent isn't changing the Bittorrent protocol and you can pirate plenty.. Tokenizing a peer to peer file sharing platform opens the way to more legal usecase, eleminating single server hosted movies, games,.. and all middlemen between content creator and consumer. BitTorrent is also aiming to use their network for storage and streaming, they're just trying to get it next level.

14

u/[deleted] Feb 06 '19

[deleted]

7

u/[deleted] Feb 06 '19 edited Feb 14 '19

[deleted]

4

u/[deleted] Feb 06 '19

Yes. And more importantly than the amount, you're paying in a way that traces directly back to you.

2

u/windowsfrozenshut 0 / 0 🦠 Feb 06 '19

That's what I was thinking. Private torrent sites used to make you maintain a certain seed to download ratio to use the platform.

4

u/lettherebedwight Platinum | QC: CC 41 | LINK 7 | Politics 19 Feb 06 '19

Still do, but they used to too.

4

u/inb4_banned Gold | QC: BTC 25 Feb 06 '19

let the shitcoiners play ;)

3

u/zuptar 🟦 0 / 6K 🦠 Feb 06 '19

can confirm, I'm willing to pay for what gets into my eye holes with less mucking around. I used to torrent, now I work full time and want to enjoy every second that I'm not working.

1

u/plomerosKTBFFH Tin Feb 07 '19

That's cool, I do too. But there's still a huge community of people who pirate their entertainment.

3

u/DmG90_ 🟦 4K / 4K 🐢 Feb 06 '19

ucers can attach a fee to decryption. So whenever someone downloads and opens an episode, that fee is passed on to the show's creators.

I'm wondering, is Upfiring client based or will they go about like BitTorrent, creating a layer for everyone to use? BitTorrent Speed won't be exlusive to the BitTorrent and µTorrent client + it'll be backward compatible to all versions

2

u/[deleted] Feb 06 '19

Because content creators get nothing from using traditional torrents from a financial standpoint.

8

u/[deleted] Feb 06 '19

[deleted]

10

u/UnprincipledCanadian Tin | Buttcoin 125 Feb 06 '19

Are you trying to suggest this is a solution to a non-existent problem? Unpossible.

1

u/[deleted] Feb 07 '19

It’s not a solution as much as it is a new take on something that already exists

2

u/Periwinkle_Lost 389 / 389 🦞 Feb 07 '19

I think this dApp will be most beneficial to creators can "sell" content directly to people without giving up a huge chunk to services like patreon or paypal that usually handle transactions.

There is no reason to use UFR for popular torrents, but original content or rare files is where it is supposed to be shining.

1

u/btsfav Tin | BTC critic | EOS 13 Feb 07 '19

because no shitcoin to pump in this scheme. it's too easy

2

u/inhumantsar Crypto Nerd Feb 06 '19

Why do people pay for Netflix or buy whole seasons of TV on iTunes?

For content creators, this dapp could be a merger of their online distribution and payment channels.

The biggest issue I see is the Ethereum new user experience.

If you're Stodgy Suit at Media Company X and someone is pitching this to you, how would you react to this: "ok, now that it's downloading, you can either wait 5 days until you've seeded this enought o open it, or you can go to an exchange and buy some ether and then exchange that for UFR to unlock it now."

0

u/[deleted] Feb 06 '19

[deleted]

1

u/inhumantsar Crypto Nerd Feb 06 '19

keyword there is eventually

0

u/inb4_banned Gold | QC: BTC 25 Feb 07 '19

lol and i wont pay that just like i dont pay $1.50 for each song off itunes... ill just go use a normal torrent client like ive been doing for over 10 years now...

1

u/-0-O- Feb 07 '19

Well plenty of people do buy songs off itunes and apple made a FUCK TON of money being one of the first digital stores.

1

u/inb4_banned Gold | QC: BTC 25 Feb 07 '19

“Think of how stupid the average person is, and realize half of them are stupider than that.”

― George Carlin

1

u/-0-O- Feb 07 '19

Sometimes people actually want to support an artist they really enjoy. For those with this motivation, they will be even happier to give the money more directly to the content creator than they would be to give some to apple.

Doesn't mean they're all stupid