In the early days of file sharing, members of "The Scene" raced to copy new music from one FTP server to another to improve their ratio. With a tokenized profit incentive to seed, people would race to mirror content to public trackers. Good for decentralization and redundancy
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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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