Unusual tone for me: You actually don't want this shit. Most importantly for the legal implication of: 'this action constituted a financial incentive, the actor gained profit from his actions'
But hey hey I can earn money online with this!
40% of tokens are belong to us
BTT Token Issuance
We will create a total supply of 990,000,000,000 BTT. Issued tokens will be distributed in thefollowing proportion:
●Public sale tokens constitute 6% of total token supply
●Private sale tokens constitute 2% of total token supply
●Seed sale tokens constitute 9% of the total token supply (?)
●Tron airdrop tokens constitute 10.1% of total token supply, to be spread out over the next six years
●BitTorrent protocol airdrop tokens constitute 10% of total token supply
●BitTorrent Team and the BitTorrent Foundation were allocated 19% of total token supply
●TRON Foundation received 20% of the total token supply
●BitTorrent ecosystem is allocated 19.9% of the total token supply (?)
●Partnership tokens constitute 4% of the total token supply
PS: They haven't explained what each one of those bulletpoints really means. How will drops work? What are TRON vs Bittorrent air drops? etc
Tho lets assume the positive scenario where Tixati constitutes 1% of the BT ecosystem and users will generate 0.1% (of that 1%) in tokens (because server farms competition) and of those users only 5% will be willing to donate anything:
990000000000 * 0.1(BT protocol airdrop) * 0.01(Tixati user) * 0.0001(user's rewarded bandwidth) * 0.05(donate) = 4950 Tokens. No, I didn't fudge with the numbers beyond the initial thought experiment.
Trust me, the average Tixati user maybe more advanced but they seed no longer than the average uTorrent user. uTorrent enjoys over 60% market share. If you want this token so much, seed downloaded torrents with uTorrent/BitTorrent clients? We will see in 2 years if it turns out alright or not.
I'm here to tell you again: you don't want this. For a decentralized storage they present on the same page, I agree with that idea. But transfers? Hell no.
This system will attract way more kinds of shenanigans. Talking to a client that does not support this system? People will start ignoring
these peers. Prioritizing BTT-enabled clients at all cost. I'm sure people will come up with more ways to force themselves into the system to gain more 'effective' bandwidth.
The end game of all this? Each single byte will cost you tokens to download. There'll be little to no peers left to do it for free. Just like today it's impossible to get a Bitcoin blockchain through without waiting for days. Want it fast? Pay. Look up the transaction rates (not between exchange accounts), you will be mildly surprised. And just like today swarms (effectively) die because no one's left to seed (for free).
They present the initial formula on page 9:
bid = spending rate × remaining balance in BTT) / (remaining download in kilobytes)
Instead of the seed distributing rarest-first (esp. Super Seeding mode), the first seeder's best way forward: upload 99% of unique pieces, witholding the last few. Then during the final phase (when all peers have caught up), their bidding will be at the maximum value
. To cash in on the 99% leechers, you will distribute the remaining pieces simultaneously
to all of them, getting all of their max. bid rewards, leaving no chance for them to cross-seed between themselves.
Enjoy this system if you decide to embrace it.
If you want to thank the developer, the donate button already exists :)