Bitcoin, Nostr & Torrent unite.
Torrent: P2P file distribution, needs a financial incentive system and a broadcasting space for its magnet links.
What if a new protocol-stack BNT, helped combine the powers of Bitcoin for rewards, Nostr for broadcasting and Torrent for distribution.
I imagine a process where torrent creation is done together with a nostr nPub as metadata. Then broadcasted over nostr as its own NIP-kind (plus some tags; mp4, mp3, zip, etc...)
Then users find the content on nostr, clicking the link, sending back sats value4value style as sats/byte[1] while streaming/downlading. Rewards getting distributed in two tiers 10% to the original nPub (embedded in the torrent)[2] & 90% among the torrent seeders providing the file and making it available.
Possibly together with a Webtorrent styled setup this could also enable video streaming. Also here by providing the sat rewards from users to seeders & creators.
Special nostr clients could potentially build youtube like guis for this later on, and add content filters to make all things family friendly etc. Also other nostr apps could use it to integrate video.
Content will bee distributed in a decentralized manner and available as long as its market value exceeds its storage costs. Room for donation, non-profit support of content would also be there; just like regular torrents do today.
#bitcoin #nostr #torrent #youtube #video
[1] market value pricing. Seeders individually set what their price is to upload. & Downloaders set what they are willing to pay.
[2] if missing a related lnurl/npub, just feed back to the seeders. The idea of embedding the npub rather than an lnurl is that the creator could change their lnurl adress in their npub profile if they want, even after upload.
VictorieeMan
npub1lg…9l4ps
2023-10-22 10:52:56
Author Public Key
npub1lgqktg83jtasayw8mpcsu46hptf8kdc4effps8mv20ymyqeewpes09l4psPublished at
2023-10-22 10:52:56Event JSON
{
"id": "14af3292da1f441bf3d3fb9d95b7f2e3a21f27cd2544692e2da69a381e22152c",
"pubkey": "fa0165a0f192fb0e91c7d8710e57570ad27b3715ca52181f6c53c9b203397073",
"created_at": 1697971976,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
],
[
"t",
"bitcoin"
],
[
"t",
"nostr"
],
[
"t",
"nostr"
],
[
"t",
"torrent"
],
[
"t",
"torrent"
],
[
"t",
"youtube"
],
[
"t",
"youtube"
],
[
"t",
"video"
],
[
"t",
"video"
]
],
"content": "Bitcoin, Nostr \u0026 Torrent unite.\n\nTorrent: P2P file distribution, needs a financial incentive system and a broadcasting space for its magnet links.\n\nWhat if a new protocol-stack BNT, helped combine the powers of Bitcoin for rewards, Nostr for broadcasting and Torrent for distribution.\n\nI imagine a process where torrent creation is done together with a nostr nPub as metadata. Then broadcasted over nostr as its own NIP-kind (plus some tags; mp4, mp3, zip, etc...)\n\nThen users find the content on nostr, clicking the link, sending back sats value4value style as sats/byte[1] while streaming/downlading. Rewards getting distributed in two tiers 10% to the original nPub (embedded in the torrent)[2] \u0026 90% among the torrent seeders providing the file and making it available.\n\nPossibly together with a Webtorrent styled setup this could also enable video streaming. Also here by providing the sat rewards from users to seeders \u0026 creators.\n\nSpecial nostr clients could potentially build youtube like guis for this later on, and add content filters to make all things family friendly etc. Also other nostr apps could use it to integrate video.\n\nContent will bee distributed in a decentralized manner and available as long as its market value exceeds its storage costs. Room for donation, non-profit support of content would also be there; just like regular torrents do today.\n\n#bitcoin #nostr #torrent #youtube #video\n\n[1] market value pricing. Seeders individually set what their price is to upload. \u0026 Downloaders set what they are willing to pay.\n\n[2] if missing a related lnurl/npub, just feed back to the seeders. The idea of embedding the npub rather than an lnurl is that the creator could change their lnurl adress in their npub profile if they want, even after upload.",
"sig": "fb9628d2055336052af2c97ae220d3e5e97e68474ae7f20d67e37bc0a90f13a51a6d849199f9ab7a16a4bd39e9bdfc1bf4182cdb7408c36122f95de40f51d3db"
}