Is anyone else starting to become a bit excited?

makeorbrake · 15-12-2020 12:01PM

Lex Luthor wrote: »

2 to put on your watchlist for the next 12 months
$Theta & $Tfuel

I'm also a big fan of $DGB

Irish_rat wrote: »

Outside of the top blockchains it's [theta] the most exciting project in the crypto space imo.

Why? Not being a d**k - I'd genuinely like to know what are the fundamentals that give you conviction in these projects? What do they do better than other projects/what problems do they solve that aren't already covered by another project?

Lex Luthor · 15-12-2020 06:05PM

makeorbrake wrote: »

Why? Not being a d**k - I'd genuinely like to know what are the fundamentals that give you conviction in these projects? What do they do better than other projects/what problems do they solve that aren't already covered by another project?

decentralized video streaming

whats not to love about that, no more censorship

donnaille · 15-12-2020 06:41PM

Lex Luthor wrote: »

decentralized video streaming

whats not to love about that, no more censorship

Haven't really followed Theta, but that sounds like a departure from their original intentions, which were around resolving issues with current CDNs and better distribution of revenue to content creators.

What has this to do with 'no more censorship'?

Lex Luthor · 15-12-2020 07:03PM

donnaille wrote: »

Haven't really followed Theta, but that sounds like a departure from their original intentions, which were around resolving issues with current CDNs and better distribution of revenue to content creators.

What has this to do with 'no more censorship'?

Youtube is a censored centralized platform, you wont get that with Theta
skies the limit

q85dw7osi4lebg · 15-12-2020 07:20PM

Love how crypto youtubers lose their minds every time they are censored. They no more want to move to a decentralised platform, just happy out on the gravy train milking and shilling to their rookie followers.

Bob24 · 15-12-2020 07:29PM

Lex Luthor wrote: »

Youtube is a censored centralized platform, you wont get that with Theta
skies the limit

As much as I dislike YouTube’s censorship policies, I am skeptical about how a truly decentralised and censorship-free video publishing platform would fare.

I am against censoring people for what they think/say, but I can think of many cases whereby controlling what video content is made available is justified. Amongst other things, such platform could quickly become a hub for decapitation videos and revenge porn.

Irish_rat · 15-12-2020 07:38PM

makeorbrake wrote: »

Why? Not being a d**k - I'd genuinely like to know what are the fundamentals that give you conviction in these projects? What do they do better than other projects/what problems do they solve that aren't already covered by another project?

Netflix, amazon etc pay massive money on CDN costs. This is even more difficult for medium and smaller steaming services. Instead of sending the video data to millions of different users for one movie, why not just send smaller amount of data to a network of nodes which in turn cache it and relay to the users in that specific area. The technology to splice the video fragments is now patented.

Not saying its going to moon or whatever there is a lot of obstacles like every other crypto: Regulation and adoption. Google cloud and Samsung are validator nodes which I think is 5 million theta staked each, that should be enough to warrant some attention.

Download an Edge node for free and try to out. There is now edge computing which you share pc processing power on folding @ home and get tfuel for it.

Irish_rat · 15-12-2020 07:41PM

Bob24 wrote: »

As much as I dislike YouTube’s censorship policies, I am skeptical about how a truly decentralised and censorship-free platform would fare.

I am against censoring people got what they think/say, but I can think of many cases whereby controlling what video content is available is justified. Such platform could quickly become a hub for decapitation videos and revenge porn.

No one is going to surpass YouTube, it's too big to fail. Theta doesn't intend to, Co-founded of YouTube on the advisory board! Its all about the network how the video gets from point a to b and the costs saved by sharing your upload bandwidth to relay video to nearby users instead of paying large amounts to cdn's

donnaille · 15-12-2020 07:55PM

Irish_rat wrote: »

No one is going to surpass YouTube, it's too big to fail. Theta doesn't intend to, Co-founded of YouTube on the advisory board! Its all about the network how the video gets from point a to b and the costs saved by sharing your upload bandwidth to relay video to nearby users instead of paying large amounts to cdn's

So nothing to do with censorship?

cnocbui · 15-12-2020 08:48PM

Irish_rat wrote: »

Netflix, amazon etc pay massive money on CDN costs. This is even more difficult for medium and smaller steaming services. Instead of sending the video data to millions of different users for one movie, why not just send smaller amount of data to a network of nodes which in turn cache it and relay to the users in that specific area. The technology to splice the video fragments is now patented.

Not saying its going to moon or whatever there is a lot of obstacles like every other crypto: Regulation and adoption. Google cloud and Samsung are validator nodes which I think is 5 million theta staked each, that should be enough to warrant some attention.

Download an Edge node for free and try to out. There is now edge computing which you share pc processing power on folding @ home and get tfuel for it.

What do you mean by 'network of nodes'?

Green Mile · 15-12-2020 09:28PM

More of MT Gox not really saying much today.

facehugger99 · 15-12-2020 09:50PM

Bob24 wrote: »

As much as I dislike YouTube’s censorship policies, I am skeptical about how a truly decentralised and censorship-free video publishing platform would fare.

I am against censoring people for what they think/say, but I can think of many cases whereby controlling what video content is available is justified. Such platform could quickly become a hub for decapitation videos and revenge porn.

Wow, that escalated quickly.

Irish_rat · 15-12-2020 09:50PM

cnocbui wrote: »

What do you mean by 'network of nodes'?

Edge nodes which relay on the video content.

https://www.thetatoken.org

Bob24 · 15-12-2020 10:09PM

facehugger99 wrote: »

Wow, that escalated quickly.

It is no exaggeration though. Many former YouTube moderators censors have came out to describe the constant flow of sick video content they are watching as part of their job before removing stuff from the platform, and the psychological impact on them. One recent exemple here, but there are many others: https://www.cnbc.com/2020/09/22/former-youtube-content-moderator-describes-horrors-of-the-job-in-lawsuit.html
I personally knew a guy doing that job at Google's Dublin office, and he left after less than a year as he couldn't take it anymore - the team was basically only contractors, with very high turnover.

If the concept of blockchain which is censorship-proof and immutable could be leveraged to create a video sharing platform, all that content would make it to the platform and could never be removed.

Having said that, I am not sure this is what Theta does (I was just commenting based on other posters saying it would be censorship resistant).

cnocbui · 15-12-2020 10:09PM

Irish_rat wrote: »

Edge nodes which relay on the video content.

https://www.thetatoken.org

So who pays for and runs these?

Bob24 · 15-12-2020 10:27PM

OK - I just spent a few minutes on it out of curiosity - so here's a post about how *I think* Theta works (feel free to correct me if you know better!).

The below diagram from their website seems to imply that it relies on centralised content providers (which could censor content), and that only the content distribution is decentralised.

Basically what I get is that if I wanted to start a video streaming service, all I would need is a central store for my content, which could just be one server with rather limited bandwidth.

Then the Theta "relayers" would take care of replicating my content across their global network and act a as a CDN to provide optimal bandwidth to my viewers across the world.

In exchange I would need to pay "Theta Fuel" to the network whenever someone streams my content, which would be distributed to the "Relayer" which is streaming the video content to my viewer (so "Theta Fuel" is basically a token used to pay for using the Theta CDN to distribute your video content).

the-solution-en@2x.png

Irish_rat · 15-12-2020 11:29PM

cnocbui wrote: »

So who pays for and runs these?

Edge nodes are run by the community, are free to download and launch. You get paid in tfuel for sharing bandwidth or your compute power. Get paid around 5th of each month like BAT.

el diablo · 16-12-2020 12:01AM

Bob24 wrote: »

Amongst other things, such platform could quickly become a hub for decapitation videos and revenge porn.

And what's the down side?

Mucashinto · 16-12-2020 01:21AM

Well, ye have me convinced. Got some Theta for a long term hold as a Christmas present to myself. I've been trying to look for some coins where the technology/use case seems promising rather than price trends or anything and my 10 minute research shows that this fits the bill. Held some Elastos for a while and might again but this seems a bit more promising tbh.

Sounds bizarrely similar to the 'decentralized internet' in Silicon Valley

. Feck it, who knows, could be the next big thing. I'm guessing there's drawbacks if looked closely - like I imagine CDNs have legally binding contracts about scalability/capacity etc, not sure how this could be guaranteed this way? You get a concentration of nodes in one area so that at 9pm bandwidth drops way down as everyone turns on Netflix or there's an earthquake or something. I'm sure there's many more potential issues.

Still though, good idea imo. I'm going to (try :rolleyes: and) forget I have it and see how it goes.

Also, rightly or wrongly, I'm thinking there might be a bit of a 'rising tide' in the space for a while so could be a reasonable time for these kind of punts

RoboRat · 16-12-2020 09:36AM

Sounds bizarrely similar to the 'decentralized internet' in Silicon Valley

That's exactly my thoughts... real life version of pied piper... i hope gulfoyle is on-board ðŸ€£ðŸ€£ðŸ€£

q85dw7osi4lebg · 16-12-2020 11:58AM

Chilling at $19,750 while the world sleeps on it.

jimmii · 16-12-2020 01:55PM

New ath going by coinbase (ticker showing high today of $19,899.90 not obvious when it hit that though). Got to get that 20 cracked soon surely. Hopefully just taking a breath now before the next push.

dougal0691 · 16-12-2020 02:46PM

there's 20k gone. and it's still flying

Bus Wanker · 16-12-2020 02:49PM

Hey guys, sorry to detail the chat a little. Been a few years since I looked at what I had. What the easiest/cheapest way to transfer from binance to coinbase. I remember years ago it was to convert everything to litecoin on binance and then move across. Is it still the same ? Thanks.

16-12-2020 02:54PM

banie01 · 16-12-2020 02:58PM

Bus Wanker wrote: »

Hey guys, sorry to detail the chat a little. Been a few years since I looked at what I had. What the easiest/cheapest way to transfer from binance to coinbase. I remember years ago it was to convert everything to litecoin on binance and then move across. Is it still the same ? Thanks.

Why would you transfer to coinbase?
Binance will allow you to sell to € and withdraw.
It's a full service exchange these days.

Bob24 · 16-12-2020 03:02PM

Bus Wanker wrote: »

Hey guys, sorry to detail the chat a little. Been a few years since I looked at what I had. What the easiest/cheapest way to transfer from binance to coinbase. I remember years ago it was to convert everything to litecoin on binance and then move across. Is it still the same ? Thanks.

If you are talking about crypto-assets, you can directly transfer them from one exchange to another.

If you are talking euros or dollars, then you need to withdraw to your bank account from the old exchange and then transfer it to the new one.

q85dw7osi4lebg · 16-12-2020 03:02PM

Congratulations fellow hodlers

Bus Wanker · 16-12-2020 03:03PM

banie01 wrote: »

Why would you transfer to coinbase?
Binance will allow you to sell to € and withdraw.
It's a full service exchange these days.

Ah ok. Didn't know that. Literally have not logged in for a few years. Was going to just move it to coinbase to keep all together and move away from alt coins.

Bob24 · 16-12-2020 03:04PM

#next30k

Or am I a bit early? :-)

Is anyone else starting to become a bit excited?

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