“The main problem I would say is the lack of research from many potential users,” said the user. “No crypto spam, please,” wrote the group’s moderator in a private message.īut one pseudonymous user, “God Damn” (who is also, perchance, an admin), attributes the apparent unpopularity of the platform to a vicious closed feedback loop of fear, uncertainty and doubt. (BitTorrent itself did not respond for comment.)Īnd when we tried ourselves to engage BitTorrent users on the BitTorrent subreddit? We were banned from the forum. The only people who show any discernible excitement are the admins. The most heated debates take place on the crypto investor Telegram groups, where discussion revolves solely around the (declining) price. A search on for “BTT” or “BitTorrent Speed” yields nothing. It’s true-check out the multitudes of regular BitTorrent forums online and you’ll see very little discussion about the token. “I spent more on electricity than I earned BTT.”Īlexandr, the keen BitTorrent user, ascribes BTT’s lacklustre performance to a lack of serious marketing, despite the $7.2 million slush fund. “Over the past three days I have earned 12 BTT ($0.009),” says Alex Alexandr, a BitTorrent user who invested $600 in the token and had hoped to bring in dividends by seeding files. For an investor, that’s a return of $0 at best, and for a hardcore seeder looking for compensation, that’s a pittance. While in May BTT’s price briefly spiked to $0.0018, it has already slunk back down to $0.0007, lower than it was at launch, and it continues to plunge rapidly. Though almost everyone agrees that the idea is a good one.that turns out to be irrelevant if the token’s worth nothing.Īnd it is worth nothing. Because it’s easier to “leech” than to seed, the BTT token was drawn up as an “incentive” that would encourage more people to support the network-the leechers pay the seeders. “I never actually used the company's product,” sheepishly admits one trader, in a DM sent to Decrypt via Telegram.īitTorrent Speed-the iteration of the protocol that uses BTT-rewards tokens to “seeders,” those BitTorrent users who altruistically invest their network capacity into sharing files, making download speeds quicker. And the few that use the token describe a poor user experience-though most just care about price. Investors are dissatisfied with BTT, whose price has fallen by fifty percent since its all time high. Barely anyone outside of Cryptoland appears to have heard of the platform. $0.156706 31.94% Terra Classic (Wormhole)īut six months after the BitTorrent token’s $7.2 million sale and a month after the launch of BitTorrent Speed, there’s scant to show for it.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |