Quote from: Big Naturals on October 11, 2017, 02:44:56 AM

Quote from: coins101 on May 28, 2017, 02:57:55 PM

@Dev

Just so you are aware, when JoyStream goes open source, we'll be forking it and merging it with vTorrent coin holders.

There is a developer that is happy to maintain the new chain.

The new JoyStream fork will not be building new functionality. It will be a "JoyStrem Classic" which will keep up with JoyStream releases and just merge changes as and when they are open sourced.

We'll probably have the same number of coins as vTorrent. Anyone who has VTR's can claim the same number of JoyStream Classic coins.

JoyStream Classic will likely be a PoW coin, but we'll wait and see.

JoyStream themselves are focused on Bitcoin, so we are not competing with them on Bitcoin payments.

If at some point after the first 6 to 12 months, people want to actively develop the JoyStream Classic coin, we'll pick that up as a discussion point in the future.

* We are not forking vTorrent.
* We are not changing anything to do with vTorrent
* We are not competing with vTorrent
* JoyStream Classic is not going to be the final name
* As people who own vTorrent VTR coins will get to redeem the same number of JoyStream Classic coins, we are not competing with vTorrent.
* There is no ICO

JoyStream has said they are going open source, so someone will clone it, might as well be vTorrent holders.

PM if you want to coordinate anything on this idea. We'd like to discuss adding 2FA into JoyStream Classic as a separate side project. Also PM if you have any concerns and would rather we didn't do this.

If anyone else thinks its a bad idea and would rather we didn't do this, please come and have a chat in Slack, where we've been discussing it. Or you can PM me.

Just to confirm, nothing - repeat - nothing will happen to vTorrent and no-one is taking over vTorrent.

If people don't want to claim free JoyStream Classic coins, we'll give them to the JoyStream Classic maintainer and to the vTorrent devs.

So now everyone in this thread can wait for vTorrent to release torrents and JoyStream to release torrents.

I'm not doing anything beyond advising as Helium is my priority. But as it will be a simple fork, there is not much to do.

Is the JoyStream clone idea still a possibility?

At the moment everything is a possibility. All options are being considered and I'd invite everyone to suggest any bright ideas right about now too.

In terms of JoyStream, my own personal opinion is that due to them attempting to use the Bitcoin Blockchain for transactions it is unlikely to see wide success even if/when they launch. I'd say most likely they'll end up doing an ICO or launching some form of token or using a different network, purely based on the current Bitcoin network transaction fees. Could be wrong, but that's the only way I'm seeing for them to move forward.

That doesn't discount it as any sort of option, that's just my opinion on it. Because of the high transaction fee nature of Bitcoin it could actually make it a more attractive option.