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afacerea

Private Torrent Currency System

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6 Comments
by
afacerea
, January 19th, 2012 at 03:51 PM (583 Views)
I was preparing an article on private trackers based on some research done on the "economy" of such trackers before I got into hospital. I have lost the references and will get back to it latter just wanted to make a quick note so I can elaborate on it later.

The idea is that if GB are the equivalent of money on private trackers. You get more credit (in GB) if you give (seed) to others. Now you can give away for free and make credit without creating debt, or you can lend it and create debt.

Most trackers implement a credit/debt ratio system and a ratio below 1 (bad credit) will get you in trouble in most cases. If GB are the equivalent of money than, this simple rule pressures everybody into giving more than they receive, so you have to find people who actually need your money, but by the ratio rule, those who really need (the poor) will be reluctant to get it out of fear to get a bad ratio.

It looks odd but is the view of the money from a bank standpoint. A bank makes money when they give it away and looses money when you pay it back (see the documentaries on money). The rich cannot get richer just by lending money to the rich who do not really need it, they need the poor who will then sweat for years trying to pay it back.

In short by joining a private tracker you have to learn a banker point of view to survive.

Since this is simple mathematics, there are only a few ways to create demand:

1. Eliminate those with bad ratio (bad credit) and keep their GB
2. Introduce a freeleech system (no debt)
3. Accept cross-seeding (credit transfer)

Another currency is time, but this is a bigger topic.

Best trackers will have a balance of all and you can predict how well a tracker will do based on this.

These are just some random ideas to be worked on later, so don't get to emotional about it.
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Comments

  1. Sudari's Avatar
    I can't see this system working.

    Here's the problem, trackers rely on donations from members when their ratio does down. When their allow their members to send GBs from the UL in exchange for cash, it sucks money out of the tracker.

    Secondly, a system like this will be open to abuse. Someone can use a fast seedbox to rake up UL counts, a $25 seedbox can help you generate $50 worth of ratio currency for instance. ANd then you get all the opportunits dicing in like the did with bitcoin mining, so it devalues the UL credits.
  2. afacerea's Avatar
    Quote Originally Posted by Sudari
    I can't see this system working.

    Here's the problem, trackers rely on donations from members when their ratio does down. When their allow their members to send GBs from the UL in exchange for cash, it sucks money out of the tracker.

    Secondly, a system like this will be open to abuse. Someone can use a fast seedbox to rake up UL counts, a $25 seedbox can help you generate $50 worth of ratio currency for instance. ANd then you get all the opportunits dicing in like the did with bitcoin mining, so it devalues the UL credits.
    I was not considering actual money (donation is required by many trackers to survive and rewarding donors with privileges like VIP status seem fair in the real world) but rather suggesting that treating GB as currency in a model of the tracker "economy" could yield very interesting analogies with the actual monetary system we live in.

    The simple analog question is "what would you do if the only way to make money would be to give it away"?
  3. sticky's Avatar
    Quote Originally Posted by afacerea
    I was not considering actual money (donation is required by many trackers to survive and rewarding donors with privileges like VIP status seem fair in the real world) but rather suggesting that treating GB as currency in a model of the tracker "economy" could yield very interesting analogies with the actual monetary system we live in.

    The simple analog question is "what would you do if the only way to make money would be to give it away"?
    Ahhh... Now what you're saying makes much more sense.

    tvtorrents.com is the only tracker I can think of that has this sort of thing. They're called "GCreds". You might want to check that out for more ideas to hone out your theory.

    What your saying is very sound, and I think your theory could pave the way for a new brand of trackers that have this mindset.
  4. afacerea's Avatar
    Just got in on Framestor-HD (Framestor-HD (FHD) Review) (thanks to FionnMcC). They implement a version of such a proposed system by converting GB into download/upload credits. Worth investigatin and commenting further but I am too fresh on the tracker to elaborate now.
  5. CodeMonkey's Avatar
    Maybe you should take a look at Oorza's Rationomics cos I think you're simplifying a bit:
    rationomics
  6. afacerea's Avatar
    Great article, thank you for the reference. It is important for credit sake to point that this is not my original idea, just want to elaborate on it further and TI might be a great place to gather the data needed.

    I welcome any such references and more comments and ideas before moving this topic to the main forum for open debate.