Download DESC the first digital (torrent) currency

[alexanderoneone]

It's an idea I want Torrent users to know about.

https://institutionalhaven.proboards.com/thread/188/download-first-digital-torrent-currency

[gubatron]

read it twice, couldn't understand what OP means or how this is supposed to work, do you have a white paper or somewhat of a draft document to explain the protocol, token issuance, total supply, fees?, ledger architecture, and so on?

[alexanderoneone]

I edited some confusing details. Mainly related to what I called a "private torrent" inappropriately.

The idea is

1 Create a new currency that only circulates per torrent.
2 The currency would be represented by this torrent file that is inside the zip that I gave the magnet link to download
3 Every sale or purchase of that currency would have this torrent file together to represent the currency.
4 The objective is to organize the trading market using Torrent with a speculative asset (DESC) that would be listed on exchanges, and each exchange would have its own DESC price based on the number of sales/purchases. Since the Torrent network does not allow for price uniformity. And that's ok.
5 The fundamentals I already wrote on the forum

[gubatron]

the magnet doesn't download. Not sure what will be in the .zip (seems fishy actually)
are you seeding it?

what determines how many coins are there in existence?
what determines consensus?

Perhaps you also want to fix things like:
"Torrent is a completely decentralized network."
I think you mean "Bittorrent is a completely decentralized network"

I still don't get it.

[alexanderoneone]

https://drive.google.com/file/d/1E_f_iB5aiXcPoXszg8sLW-A73YZscilQ/view?usp=sharing

I can download the file without any problems. But try this one from above.

The torrent file inside the zip is not to be downloaded. It has only representative value as I explained.

All this kind of sense - max supply, price - would be determined by the exchange. DESC is not a cryptocurrency and is not intended to be one. Each exchange would set a price.

[gubatron]

torrent doesn't download, no seeds.

Also, this doesn't make sense man:
"Knowing the magnet link of torrent proves you are the owner of the product."

If you are the only person who knows a magnet link, then nobody can download it, and if someone downloads it how do you prove who's the owner.

I think you just have an idea but you seem to not understand how cryptocurrencies work, nor the bittorrent network.

[alexanderoneone]

Only you and the exchange know the magnet link. But I explained enough. The important thing is that I gave two ways to download and I gave the fundamentals. Have a good day.

[gubatron]

yeah, that won't work. There's a bunch of computers scanning the DHT, the infohash of that magnet can be known by crawling if it ever gets announced and then you can't prove who's the owner.

[alexanderoneone]

Updating

• Traffic tools would not know the filename and magnet link. This is only possible for public torrents. Test at home and try to find the name by hash. Especially in a private tracker,
• It can be encrypted
• It can be a private torrent if the exchange wants

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And I don't understand why such a skeptical person stays on Github. Better to participate in other things less community because here is a free space.