(Replying to PARENT post)

This is a really myopic view on uses of crypto and the BitTorrent protocol. There's so much more going on than criminal applications.

BitTorrent is used in a lot of settings for data distribution and for software distribution. Saying it's just for pirating reveals the author's laziness. Several of these use-cases are listed in the wikipedia page: https://en.wikipedia.org/wiki/BitTorrent

As for crypto, I recommend people read about Bitcoin being used for the purposes of sending remittances to start.

๐Ÿ‘คmarcinjachymiak๐Ÿ•‘4y๐Ÿ”ผ0๐Ÿ—จ๏ธ0

(Replying to PARENT post)

Also the author laments that bittorrent is not used for 1:1 transfers. Bittorrent's strength is in distributing bandwidth for popular files. Direct file transfers between people who know each other isn't really its target. So i feel that's a pretty unfair criticism.

You don't always need to take over the world to be succesful. Its fine to have a niche and just do that really well.

๐Ÿ‘คbawolff๐Ÿ•‘4y๐Ÿ”ผ0๐Ÿ—จ๏ธ0

(Replying to PARENT post)

> As for crypto, I recommend people read about Bitcoin being used for the purposes of sending remittances to start.

I followed your recommendation and this is what I found: bitcoin might, in theory, work for the purpose of sending remittances, but in practice it doesn't.

So, returning to the original question, can cryptocurrencies offer an innovative solution for migrant remittances to developing countries? Yes and no. In theory, cryptocurrencies can really provide an effective and economical channel for money transfers to help alleviate poverty through remittances. However, there are two principle problems. Firstly, coins such as Bitcoin remain too volatile, in fact ten times more volatile than major currencies (Baur & Dimpfl 2021). This means that if migrants were to use such channel they would be exposing themselves to extreme risks. But, more importantly users of bitcoin may find themselves victims of speculative attacks, as the cryptocurrenciesโ€™ value remains completely speculatively constructed. Secondly, as with international bank transfers, cryptocurrencies need a bank account to buy and sell it. As explained above, having a bank account is not a given and represents a high barrier to entry for many of the poorest migrants.

https://blogs.lse.ac.uk/humanrights/2021/04/29/cryptocurrenc...

๐Ÿ‘คlottin๐Ÿ•‘4y๐Ÿ”ผ0๐Ÿ—จ๏ธ0

(Replying to PARENT post)

Blizzard uses BitTorrent to distribute their games and patches https://wowpedia.fandom.com/wiki/Blizzard_Downloader
๐Ÿ‘คcloudking๐Ÿ•‘4y๐Ÿ”ผ0๐Ÿ—จ๏ธ0

(Replying to PARENT post)

If bittorent is used by hundreds of millions of people, if thsts not mainstream then nothing is.

How it's being used is a different problem, but it's certainly effective and popular.

๐Ÿ‘คClumsyPilot๐Ÿ•‘4y๐Ÿ”ผ0๐Ÿ—จ๏ธ0

(Replying to PARENT post)

Aside from association with piracy and not being a dropbox alternative because you have to keep the seeder online, it's more expensive for network operators than CDNs, connections often have much more downstream bandwidth, and connections are still sometimes capped. If you're Netflix or an ISP, you're better off getting ISPs to put your hardware in their facilities than having users seed content. The most interesting, viable application I've seen for Bittorrent-like technology is Microsoft seeding updates on a LAN.
๐Ÿ‘คdehrmann๐Ÿ•‘4y๐Ÿ”ผ0๐Ÿ—จ๏ธ0

(Replying to PARENT post)

If BitTorrent is so great why isnโ€™t it used more today for file transfers vs hosted storage? Also it is mostly used for piracy because authorities cannot shut down a decentralized system.
๐Ÿ‘คm3kw9๐Ÿ•‘4y๐Ÿ”ผ0๐Ÿ—จ๏ธ0

(Replying to PARENT post)

I think Windows 10 Delivery Optimization tech is a great example of (nearly) decentralized tech:

https://docs.microsoft.com/en-us/windows/deployment/update/w...

๐Ÿ‘คmacqm๐Ÿ•‘4y๐Ÿ”ผ0๐Ÿ—จ๏ธ0

(Replying to PARENT post)

if I recall correctly, Blizzard's updater uses Bittorrent to distribute updates for WoW and other applications. So I'm confused by the fact people still focus on the piracy aspect of Bittorrent when there's been many commercial uses of the platform.
๐Ÿ‘คladyattis๐Ÿ•‘4y๐Ÿ”ผ0๐Ÿ—จ๏ธ0

(Replying to PARENT post)

This article is laughably bad. I'm not even sure it's worth the time to give a counter response. The BitTorrent comment he made is objectively false and can be proven as such. Tons of game installers use torrents under the hood to distribute their massive game payloads.
๐Ÿ‘คbstar77๐Ÿ•‘4y๐Ÿ”ผ0๐Ÿ—จ๏ธ0