Private torrent tracker users pay for servers (“seed boxes”) w/ fast upload speeds to improve their ratio Tokens for seeding would bring seed boxes to public trackers with the same goal of being first seeder on popular torrents. First seeder on GoT? Fast server? Easy money!
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PayPal scaled past network effects by giving $5 to every invited user. Decentralization liberates, right? Tokens provide a low cost alternative that let you try things like tokenizing BitTorrent and overcoming network effects without $100M in VC funding
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Yeah, you can fork a tokenized protocol and add Ethereum or Bitcoin. Who is footing the marketing bill for bootstrapping your hostile yet philanthropic fork? It’s not about greed driving protocols, it just doesn’t cost $0 to get users.
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I intentionally didn’t cover a few topics: • Scaling blockchains • Decentralized identity and Sybil resistance • Fraud resistance These are what crypto companies will spend years building. I just wanted to share the vision for tokens I think others might be missing
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Is you enjoyed this thread, I also have a blog post on tokenizing BitTorrent.
The post goes into more detail while this thread clarifies and expands on some things I didn’t cover in the post.
Thanks for reading!https://medium.com/@jbackus/what-if-bittorrent-had-a-token-13d62a590aa7 …Show this thread
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