Also, legally it is very important to make the distinction between "rare content will be priced higher" and "the delivery of rare content will be priced higher".
Rare in this circumstance means that there are fewer seeders that have a variant of the full file, the more people want it and seed it, the less rare it will become.
To keep files from ending up with 0 seeds there is an economic incentive to keep seeding files that will be downloaded less often but which will fetch a higher price per download.
Is the rarity/seed-price computed per chunk (since the availability of any given chunk will vary)?
Just read it: "TRON also plans to offer rewards to users who seed torrents on BitTorrent after downloading files." Another competitor if TRX delivers, which is unlikely.
The token seems fine for governance purposes. but a OP_RETURN token would be better.
Really exciting to see Joystream going forward but kind of disappointed they around using OP_RETURN for their funding token. Anybody knows why?
I don't know, but maybe they're waiting which option spreads in the future? Maybe we'll have OP_GROUP tokens in a future upgrade.
AFAIC they are moving forward right now with ETH for their token
But an ERC20 is just a temporal solution, nobody wanna deal with ETH fees...
I agree but how easy it is to switch your tokens from ETH blockchain to BCH blockchain? Is it even feasible at all?
I don't know exactly how they could perform the swap, they'll need to know every BCH and ETH address from every holder and issue a new token on BCH.
Yeah ok that's what I thought.
What can you do with JOY? it must be exchanged for another final token later? But then what do you do with that?
I think JOY tokens are intended for voting upon development, but the base currency for Joystream is BCH. I'm sure it will have more use cases but it's still too early to know.
BTW, they just said that Wormhole protocol is very basic for the purposes, that's why JOY is a ERC20 token.
According to an admin of TG group, they'll implement a way to discover torrents. I guess it will be decentralized to avoid legal troubles.
Good news. Can't wait to see their next release!
It should be like popcorn time with payments. That would be awesome.
Yeah can't wait for it to be fully functional.
