Post
Topic
Board Altcoin Discussion
Re: Will owning/trading Purevidz tokens make you liable to MPAA lawsuits?
by
coins101
on 16/01/2017, 11:30:52 UTC
So I've been pointing this issue out for a while,

..Governments around the world are seriously targeting websites like PureVidz.

But, let's say it manages to avoid take downs for a year or two. Fuck it, lets say it sticks around for 5 years.

If I invest in PureVidz, there is always the risk that the web site will be taken down and the market cap would obviously go to zero.

So where is the long-term investment opportunity? Seems like the risk is mostly in the hands of investors. With a 20% premine, the devs would obviously want to cash out ASAP.
..

Add to that, vidz business model is based around people spending money to place ads on the site but that's an additional line of attack:

Quote
Advertisers Promise to Boycott Pirate Sites After Police Visit
https://torrentfreak.com/advertisers-promise-boycott-pirate-sites-police-visit-170113/

So a website divorced from it's crypto client, where:

a) investors are solely relying on the trust of self-confessed criminals to share ad revenues (stealing and streaming is the business model);
b) investors and promoters are at complicit risk
c) exchanges with a licence will themselves become a target
d) Advertisers are themselves targeted - a bit of an issue when the business model is based around ad revenue
e) the MPAA will be all over it if it does what investors want - starts to get noticed

vs.

vTorrent

Which has been in active development to include the BitTorrent client into its crypto workflow (BitTorrent + Blockchain), has no ICO, has no self-moderated thread and being based on BitTorrent - it is legal.

...
* BitTorrent client (with paid bandwidth option)
* Crypto client
* Stealth addresses
* Tor and I2P options to hide location
* Riot chat for Slack like interaction with others in a safe untraceable way
* HD wallet for backing up
* Possible introduction of a classifieds market (people paying the network to place ads?)
* CheckLockTimeVerify for smart escrow (both parties lose coins if there is a problem)
* 2FA to protect funds from viruses and Trojans
* Trading API
* Client has it's own explorer
* Mobile options
..

If vTorrent is used to help small producers distribute their content and get paid, such as Bolloywood films or Indie tracks, it will be seen as a good thing. Even if people choose not to charge for their content, it will help them get noticed throughout the BitTorrent world and perhaps the next time people will be prepared to tip or pay.