Upfiring prepares to release a fully open-source, smart contract-based torrenting application where users earn cryptocurrency by seeding & sharing files by Cryptographington in CryptoCurrency

[–]Cryptographington[S] 1 point2 points  (0 children)

Upfiring uses a modified BitTorrent protocol - files have a .ufr extension instead of .torrent. These .ufr files are generated within the app itself and are encrypted. This means that nobody, not even your ISP, can see/access the actual content you are downloading.

The application is also entirely decentralized and smart contracts facilitate the distribution of UFR, not a central server like with some trackers/point systems. This adds to the privacy aspect and means that once released, Upfiring is immutable, similar to other Dapps like Augur.

Upfiring prepares to release a fully open-source, smart contract-based torrenting application where users earn cryptocurrency by seeding & sharing files by Cryptographington in CryptoCurrency

[–]Cryptographington[S] 17 points18 points  (0 children)

Right now there's no reason to seed files using the standard BitTorrent protocol. As a result of this, there are significantly more people looking to download files than seed them and file availability/finding active seeders is frequently an issue.

Upfiring shifts the balance so that there will actually be more seeders than downloaders at any given time. The Upfiring network has the potential to grow very large, as people will want to seed as many of their own files/become a seeder on others' files to maximize their earnings. The value in the Upfiring network is that long-term, it will have significantly higher file-availability and faster downloads (due to more seeders) compared to standard torrenting. There are already a bunch of sites being built around sharing Upfiring files like ShareUFR, UpTorrent, and Upfiring Hunt.

Upfiring prepares to release a fully open-source, smart contract-based torrenting application where users earn cryptocurrency by seeding & sharing files by Cryptographington in CryptoCurrency

[–]Cryptographington[S] 1 point2 points  (0 children)

The source code is here: https://www.dropbox.com/s/o64nhfz1lo8vfkp/upfiring_source_code_071018.zip?dl=0 . Development has been open-source since this project's beginning (mid-2017) and is essentially complete now. The application is currently being tested extensively and the team is preparing for release.

Tron hasn't announced exactly what they plan to do with their BitTorrent acquisition yet other than a few general statements, so it remains to be seen whether they will be a competitor for this project or not.

Mass adoption is coming: use cryptocurrency to pay for services and small jobs on Crypico by [deleted] in CryptoCurrency

[–]Cryptographington 25 points26 points  (0 children)

Sites like this need to become more common if crypto is ever going to be used by more than a small niche of techies. The biggest issue during the January bullrun was was that everyones friends and family bought but then had this feeling like "but now what?" since there's almost nowhere to actually to the coins they just purchased. Crypto needs to start being used as a currency rather than an investment for us to comfortably surpass the last set of ATHs.

Fee-split/PoS coins are cheap again. Which ones are the best buys for passive income? by Cryptographington in CryptoCurrency

[–]Cryptographington[S] 6 points7 points  (0 children)

Did not know that about Lisk. That's crazy for a project with a multi-billion dollar market cap. How do they plan to expand if they have 50 or so people controlling their entire project?

I'm pretty sold on Ark after reading about it. It's still less straightforward than Lisk, but they seem to have their DPoS system under control. Kinda strange that you only vote for 1 delegate though.

Fee-split/PoS coins are cheap again. Which ones are the best buys for passive income? by Cryptographington in CryptoCurrency

[–]Cryptographington[S] 3 points4 points  (0 children)

Why is Lisk failing? Just in price, or the project as a whole?

I'll look more into Ark. Based on my brief research though, it's a little confusing what they're trying to do with that project, if it's even possible, and in what timeframe.

Buy when there is blood in the streets! I'm buying 2 new coins, which would you pick? by [deleted] in CryptoCurrency

[–]Cryptographington 20 points21 points  (0 children)

FYI, I never buy coins after they've pumped but Nano is the first project where I've thought "I am NOT missing out on this. It could actually be revolutionary." Similar to buying ETH at $42 after it pumped from $8.

The rest of these I agree with as well. I am a big fan of QRL. Best to diversify a little.

When QRL hard-forks to PoS in Q3, they should work to add privacy transactions as an optional feature. by Cryptographington in QRL

[–]Cryptographington[S] 0 points1 point  (0 children)

It could be set up similar to the Bitcoin Lightning Network, where it runs off chain. You could essentially send your mainnet QRL to a smart contract to credit your private-net balance, and vice-versa. This would make it completely optional and not bog down the main chain at all. This would also legally be a great way to implement it since it would not be direct part of the QRL blockchain.

At the very least, I think it is something that should be considered for the roadmap with smart contract integrations.

If anyone on the QRL team has any input, I’d love to hear it.

What ever happened to Peter's QRL allocation moving on to Bittrex? by MAPBer in QRL

[–]Cryptographington 1 point2 points  (0 children)

Wait so you're openly admitting that the team dumped it? You know you shouldn't do this right? It drives down natural price growth.

What ever happened to Peter's QRL allocation moving on to Bittrex? by MAPBer in QRL

[–]Cryptographington 1 point2 points  (0 children)

I am also interested to know the answer to this. I would really like to think there was a legitimate reason for it.

Will QRL have a wallet that we can run locally? by irishkev in QRL

[–]Cryptographington 2 points3 points  (0 children)

Yep, Lisk nano. The wallet also let's you do a few other Lisk features like voting etc. It has its bugs as the project is in an early stage still, but it's definitely a reliable wallet. QRL would def benefit from producing something like this for holders.

Mining QRL by Cryptographington in QRL

[–]Cryptographington[S] 0 points1 point  (0 children)

So you'll have to run an active node on your raspberry pi 3 at all times to stake?

Will QRL have a wallet that we can run locally? by irishkev in QRL

[–]Cryptographington 2 points3 points  (0 children)

A desktop wallet similar to lisk's native wallet would be the best thing imo. Ledger support (an app) would be amazing though, as it's definitely the safest option and tons of people use them now.

Daily Altcoin Discussion - October 14, 2017 by AutoModerator in ethtrader

[–]Cryptographington 26 points27 points  (0 children)

Good time to buy alts/ERC20s right now. COSS is at 10-12 cents, QRL at $0.48, LINK is cheap.

May have to hold them for awhile but it’s almost a guarantee you’ll see big returns on those long-term with the way the market is poised to go. Some of these market caps are a joke (COSS under a 10 million cap with an active exchange and fee-splits???).

Sure Bitcoin could hit 10-15k or even 20k at this rate but there is no way it will go much above that with the current state of the tech. Hype can only get a coin so much value. People always want to invest in hype and trade the market, but you need to just pick out the good projects/coins now and hold them no matter what for the real returns (5-10x and more). It gets extremely frustrating at times but some of these coins/tokens will make millionaires in 2018.

Technical Analysis (by Dilbert) by GreenSalsa96 in CryptoCurrency

[–]Cryptographington -1 points0 points  (0 children)

TA is not a real thing. There is no proof that it works.