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That indeed is a bunch of real situations that have happened to me in 2014-2015 and some of that is still a thing. > Does this hypothetical situation you describe exist anywhere outside of the hypothetical situation posited by a character in a Neal Stephenson novel? That is something all P2P developers should aspire towards. Instead, you use it because it's genuinely the best at what it does: it being P2P is not a selling point, it's just how it happens to work, and that is exactly what it should be. It's a tool that doesn't pitch that it's a P2P tool - it doesn't try to convince you with sob stories about how using P2P helps fight against the big bad evil web. And for that alone, it has my immense respect and attention.
#Bittorrent news install
Not in the sense that there is a very-well oiled marketing machinery talking about Web 3.0 that allows its founder to go on TechCrunch and talk about the upcoming distributed paradise.īittorrent works in the way you install it into your computer and it does something for you. Not in the sense that there are a few company-made swarms hosted on industrial servers that keep everyone up and alive, so that the thing gives the impression the 'P2P' network does work. It works not in the sense that there is a white paper that should work. Let me tell you this: Bittorrent is one of the few things in the space that actually. Thomas Niel, contributor for, has been writing single-stock analysis for web-based publications since 2016.I make P2P tools too. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. He did not hold any of the other securities mentioned in this article. On the date of publication, Thomas Niel held LONG positions in Bitcoin and Ethereum. Given BitTorrent’s murky prospects and limited utility, it’s best to take a pass. While there’s a long-shot possibility this could happen again, buying based on this seems more like wishful thinking than a well-developed bull case.
#Bittorrent news full
The meme stock crowd stampeded into the crypto in full force, causing it to rocket higher on little more than hype. Last spring, BitTorrent was in the right place at the right time.
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Still, unless there’s some indication BitTorrent’s user base is exploding due to the upgrade, I wouldn’t buy it for this reason. You could argue that having the crypto component will promote usage of the platform, in turn increasing usage and the price of BTT. However, this too proved to be a short-lived spike. Admittedly, after taking a big dive in early December, likely due to marketwide factors (more below), it shot up 42% on news of the pending launch of the new crypto-enabled BitTorrent network. It made a brief rebound in August, only to struggle through the fall. Since then, this token has delivered middling performance. This phenomenon was short-lived, and BitTorrent came crashing back to Earth during the May 2021 crypto meltdown. It likely had more to do with the speculative trading frenzy going on at the time, with traders trying to get into the next Dogecoin (CCC: DOGE-USD). However, I wouldn’t say its wild moves last spring were due to excitement surrounding the “cryptoization” of this file-sharing service. Besides the fact that BitTorrent had a big user base, Tron likely saw potential in adding a blockchain-based incentive component to the site as a great way to monetize it. It all started when crypto platform operator Tron bought the platform in June 2018.
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