Before someone screams - torrents can be used also for legal stuff ie sharing blockchain bootstraps or your own work. Im not writing a post about legal stuff just about usability and getting paid.
A torrent client called JoyStream came with idea to pay people for their BW with Bitcoin Cash and its gonna soon be on mainnet, currently just the client can be tested for speeds from - http://joystream.co/
Look how this will work:
Supposed to be live in few hours! Let me know how it works after you try - in comments.
Bitcoin Cash Markets
Only Binance and Lbank still keep it as BCC instead of BCH. Hopefully, they change soon.
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it just went LIVE!
https://medium.com/@JoyStream/joystream-live-on-bitcoin-cash-fd7cf0ed6ef8
Woohoo. Thanks for the find, buddy. Gonna try it now.
what is Joystream ?
omg. You can make money on anything today :D love blockchain!
Challenge, where you can win up to 100s $SD!
If you want to, you can try it here:
https://steemit.com/contest/@guessandgain/guess-and-gain-2-1-day
Interesting I'm gunna take a look at that
Interesting I'm gunna take a look at that
There campaign will absolutely blow-up!
I would lend my bandwidth to earn bch if the traffic was privatized so isp could not tell what is being transferred.
The more side incomes the better.
Amazing @kingscrown So will you help me compute how many dollars I would earn currently if I were to seed 10Gb of data?
On Medium post they said that 1MB of data equals to 20 satoshis. So with the current market price to stream 10GB of data you get $2.1504.
There was already some FUD yesterday about the BTC blockchain containing illegal content (links/images), just imagine how this Joystream is facing an uphill battle with the ill-guided mainstream media. Nevertheless, this is a cool project!
BCC is a perfect ticker, because bcash is the new Bitconnect. It is a scam based on lies and manipulation:
https://steemit.com/bitcoincash/@michiel/warning-be-extremely-careful-when-you-want-to-invest-in-bitcoin-cash-many-red-flags
stop this mud slinging, it is getting rely annoying to keep reading this crap.
I warned for Bitconnect too and not without reason. As long as sites like Bitcoin,com and r/btc spread lies I will try to inform newbies about the other side
You calling Bitcoin Cash a Scam is spreading lies either get out of the bubble or stop this literal shilling
The way how Bcash get promoted as 'the real bitcoin' is a huge scam, Bcash forked off with less than 5% consensus, so it can technically NEVER be the real bitcoin. The big block community is a disease in crypto world. 2x got stucked on arrival, when the update really happened it was the first succeeded attack on Bitcoin. Later the 'flippening' shill attack where the cancellation of 2x and the FLAWED eda was used (I call it cheating, making Bcash way more profitable to mine by creating hyper inflation over the back of users through a flaw and take BTC miners this way) was the 2nd almost successful attack. They both were not almost successful because of free market decision of users, but because of heavy manipulation and shitty code! The only 2 almost successful attacks on BTC came from inside (big block fetishists) and not even from govs or bankers! BCASH IS A SCAM!
Thank you. I really do not understand how people can still support Bcash. Well, I guess people supported Bitconnect too so I shouldn't be surprised :)
Amazing
It's interesting to see more and more uses of the blockchain materialize. This is truly a time to be alive 🙌🏾🙌🏾🙌🏾
This looks like a really interesting project, although I am a bit worried about the Bitcoin for Piracy headlines that are going to arrive once this becomes more popular.
INTERESTING
Wonder why they chose BCH instead of LTC or ETH???
Because they support BCH :D Adoption baby
I just add this and i start a download. lets see if works!!
any updates ?
Yes! they have a faucet and they give me 30 k. but i made a mistake.. i deleted the download contents and i can't find them now..(i made a new download but i have zero feeders..) im not get any yet from seeding
Anyone want to recommend a VPN? I have received 2 emails from my ISP telling me to make sure not to use bittorrent...I dont like that they have all of my activity documented
Im using nordvpn.com Working great for me
Should be some vouchers aswell for 60-80% off if you look around
I'm gonna have to get a vpn before i do this also. It would be great if i can pay for the vpn from torrent seeding earnings!
This looks interesting, you think it'll actually go anywhere? Also, I'm assuming then they charge you to download (the money needs to come from somewhere).
+1 -- Being decentralized you could make the comparison of torrents to Bitcoin (both good and bad uses).
WARNING! The comment below by @blockchainfiend leads to a known phishing site that could steal your account.
Do not open links from users you do not trust. Do not provide your private keys to any third party websites.
very nice! i have been following joystream for quite a while now. love to hear it is finally going live!
Nice article and very interesting, we are seeing more and more applications that are giving the power to earn back to the people through crypto.
One system I use is Crowdholding, they are a co-creation platform were you earn crypto for giving feedback and comments to tasks that have been created by crypto startups.
It's free to join, I would recommend them to anyone who wants to earn some crypto without investing or mining:- https://www.crowdholding.com
ps. gave you an up vote, keep up the great content!
Nice post my friend @kingscrown
love this use case. Been sharing files long before torrents were a thing. This could be yuge.
and think about this. If the leecher/seeder ratio was high (meaning that many more ppl wanted the file than could seed the file) the blockchain could place a higher payout for those files to incentivize ppl to offer it up.
could you please make it simple, is hard for me to understand. please explain with details
So when a file I have gets downloaded, what ever BW they pull from me to transfer the file gets me BCH? Sorry, I understand the basic idea of torrents but, just trying to get a better grasp on how this would work.
Side note, I wish Binance would change the ticket for BCH, I built an arbitrage tool a while back and didn't account for that and ended up comparing BCH to Bitconnect, I was very confused at the difference lol.
You seed You get BCH , you Leech You pay BCH , the system just punishes leechers
I'm willing to bet it's mining monero while you're torrenting. There are other sources if you want to torrent anyway.
wow, amazing information, i really like to hear post @kingscrown.
Wow, this is some good news. I've been using torrents to get any files I needed. And now you'll get rewarded by using torrent? This is relly cool. Thank you for sharing this. This is a great help.
What's the catch to get that payout? I don't believe in free money.
You Seed (Upload Files using Bandwidth) and also if Leech (Download without helping other by Uploading) you pay BCH
But where is the money coming from?
But where is the money coming from?
I'm gonna give this a try. I pray this is legit.
Great News :D
thanks ^^
I just wondering the legal use part of the software.
Well bitcoin itself and the idea of blockchain is the same as P2P torrent softwares.
Sharing legal stuff are ok...
I will explore this tonight how this works.
Thanks for the info.
Interesting. :)
this is downloaded, what ever BW they pull from me to transfer the file gets me BCH? Sorry, I understand the basic idea of torrents but, just trying to get a better grasp on how this would work.post veery good
Downloading now :) internet connection is kinda sucky here so will be interesting to see what the rewards are like as the upload speed is good!
excactely what I needed now! Holy moly!!!! Now let’s plug it up and see if there are some rewards to get, my only issue is that they pay in BCH which I’m not so fond of, but hopefully possible to exchange quick without big limitations! :)
I hope this will work
Wow this is a tough one. If you open your computer to this company they have access to it and can see the files you have on it. This is the way they an seed. But how do you know that is all they are doing? I will do some research but not sure about it.
good point
thanks for sharing info ^^
Hear the first time about it.
Will take a closer look.
Cool
Thank you for info, it's very interesting. Looking for possibility to pay with other Crypto!
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i like this.
it look like you get BCH when seeding and have to pay when downloading.
a new way of selling stuff online.
Very interesting, im gonna check it out, weird is bitcoin cash
Thanks for sharing
Can anyone explain how joystream is working?
You seed You get BCH , you Leech You pay BCH
This sounds very promising! Our world is changing...
Thanks for sharing this valuable information!
sorry if you find it, but please visit @sonpham1997 to update your coin chart if you are a trader and please give me your own opinion.
Have you tried this service yet? How it works?
Problem is ISPs can still send people warnings about using Torrent software
This is an interesting product to share data on a peer to peer network. Look for ward to this.