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BitTorrent v2

blog.libtorrent.org

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Re: BitTorrent v2

#381

Post by Muromec »

perardi wrote: post #324
int_19h wrote: post #277

Earlier quoted context omitted.

It's also fairly successful as a way to transfer money.

I am pretty lucky that I only have to transfer money to between 2 countries that have heavily linked banking systems (US -> Canada), but I am not entirely sure what Bitcoin would get me in terms of transferring money. The fees are quite small on Transferwise, and also, I have…I don’t know what you want to call it…accountability? Reversibility? Reliability? Whatever fee I have to pay, the fact I get a known third-part…

It’s great to live a in developed world during the peace time.

Sometimes you have to transfer money in and out of the country at war with it’s currency in free fall and capital controls in place. At times like that “normal” ways take about 30% of the sum as transactional overhead, while bitcoin doesn’t.

Sometimes “normal“ ways just don’t work normally. Sometimes your government is actively working against your ability to transfer your money for whatever reason — be it drug laws or capital controls or what not. Sometimes you enter account number into the “normal“ system and field just turns red for no reason at all. Sometimes you have your access to “normal“ system severely restricted because of your legal status and residency rights.

So yeah transferring money between Canada and US being resident of either of them and not doing anything funny — is not a use case for Bitcoin.

Re: BitTorrent v2

#382

Post by graynk »

rolleiflex wrote: post #83

I make P2P tools too. [0] Let me tell you this: Bittorrent is one of the few things in the space that actually ... works. It works not in the sense that there is a white paper that should work. Not in the sense that there are a few company-made swarms hosted on industrial servers that keep everyone up and alive, so that the thing gives the impression the 'P2P' network does work. Not in the sense that there is a very-…

Aether looks cool, but why do you provide only Snap builds on Linux?

I wanted to try Aether, but I avoid Snap as much as possible

Re: BitTorrent v2

#383

Post by jmnicolas »

jedberg wrote: post #167
proverbialbunny wrote: post #25

It feels like this isn't a large enough leap forward. It would be nice if BitTorrent v2 made it harder for ISPs to identify what is bit torrent traffic. AT&T artificially slows down upload speeds.

> AT&T artificially slows down upload speeds Do you have a source on this? I believe you I just want to know more. It explains a lot. I have a gigabit link. I can download torrents at almost line speed. But I can barely get uploads past 5K/s. I spent hours at one point trying to tweak every possible setting and eliminate every bottleneck, and still couldn't get past 5K/s.

Fwiw on a French ISP network (gigabit too) I can upload at around 50 MB/s and saturate my Ethernet card in download.

I just got it last week, coming from the slowest ADSL option available, it blows my mind.

Re: BitTorrent v2

#384

Post by adamsea »

Muromec wrote: post #381
perardi wrote: post #324

Earlier quoted context omitted.

I am pretty lucky that I only have to transfer money to between 2 countries that have heavily linked banking systems (US -> Canada), but I am not entirely sure what Bitcoin would get me in terms of transferring money. The fees are quite small on Transferwise, and also, I have…I don’t know what you want to call it…accountability? Reversibility? Reliability? Whatever fee I have to pay, the fact I get a known third-part…

It’s great to live a in developed world during the peace time. Sometimes you have to transfer money in and out of the country at war with it’s currency in free fall and capital controls in place. At times like that “normal” ways take about 30% of the sum as transactional overhead, while bitcoin doesn’t. Sometimes “normal“ ways just don’t work normally. Sometimes your government is actively working against your abilit…

Does this hypothetical situation you describe exist anywhere outside of the hypothetical situation posited by a character in a Neal Stephenson novel?

Seriously in reality the specifics of any sort of wild situation like the one you describe matter. Which countries? Which currency? Which kind of illegal behavior?

And (I ask out of ignorance) in this scenario you describe why would whatever group managing whatever bitcoin exchange or whatever is being used remain virtuous and not charge a 30% markup themselves?

Re: BitTorrent v2

#385

Post by bmn__ »

riffraff wrote: post #377
captainmuon wrote: post #369

Earlier quoted context omitted.

Some time ago I had a bunch of Chinese yuan on a Chinese account that I wanted to transfer to Europe. I couldn't do a wire transfer, and I couldn't bring them as cash since my German bank didn't want them. I could either pull 500 € a day via ATM (with large fees), or just send it via Bitcoin.

Why couldn't you do a wire transfer?

Before 2009, export of RMB was completely prohibited. Afterwards, some restrictions were lifted, but AIUI they do not apply to J. Random Laowai.

Re: BitTorrent v2

#386

Post by wheels »

adamsea wrote: post #384
Muromec wrote: post #381

Earlier quoted context omitted.

It’s great to live a in developed world during the peace time. Sometimes you have to transfer money in and out of the country at war with it’s currency in free fall and capital controls in place. At times like that “normal” ways take about 30% of the sum as transactional overhead, while bitcoin doesn’t. Sometimes “normal“ ways just don’t work normally. Sometimes your government is actively working against your abilit…

Does this hypothetical situation you describe exist anywhere outside of the hypothetical situation posited by a character in a Neal Stephenson novel? Seriously in reality the specifics of any sort of wild situation like the one you describe matter. Which countries? Which currency? Which kind of illegal behavior? And (I ask out of ignorance) in this scenario you describe why would whatever group managing whatever bitc…

I, for example, have friends that use Bitcoin to move money in and out of Zimbabwe.

Re: BitTorrent v2

#387

Post by abpavel »

int_19h wrote: post #277
sanderjd wrote: post #267

Earlier quoted context omitted.

It's simple: it is an abject failure as a currency. It is fairly successful as a security for the purpose of speculation. If you aren't a financial speculator, you really don't need to pay attention to it.

It's also fairly successful as a way to transfer money.

However "transfer money" is a market need, and there are a number of companies that are doing that. I had to switch after I ran the costs of the service vs transaction fees of bitcoin. It's not much, but it adds up.

Re: BitTorrent v2

#388

Post by fit2rule »

adamsea wrote: post #384
Muromec wrote: post #381

Earlier quoted context omitted.

It’s great to live a in developed world during the peace time. Sometimes you have to transfer money in and out of the country at war with it’s currency in free fall and capital controls in place. At times like that “normal” ways take about 30% of the sum as transactional overhead, while bitcoin doesn’t. Sometimes “normal“ ways just don’t work normally. Sometimes your government is actively working against your abilit…

Does this hypothetical situation you describe exist anywhere outside of the hypothetical situation posited by a character in a Neal Stephenson novel? Seriously in reality the specifics of any sort of wild situation like the one you describe matter. Which countries? Which currency? Which kind of illegal behavior? And (I ask out of ignorance) in this scenario you describe why would whatever group managing whatever bitc…

Iraq, Afghanistan, Pakistan, Syria, Libya, Iran, Kosovo, Venezuela, El Salvador: these are all places where war and strife and economic turmoil and the Wests' sanctions have led a significant number of their citizens to use Bitcoin - and other cryptocurrencies - to manage their lives and feed themselves, and their families.

It beggars belief that someone would so callously call the situation in these countries 'hypothetical'. Please, inform yourself about the war and strife that is occurring outside your own bubble. Its very important that we in the West stop ignoring the plight of the people our military industrial complex is targeting with their weapons.

Bitcoin has held things together in many such places.

Also: Russia.

Re: BitTorrent v2

#389

Post by sedatk »

throwaway2048 wrote: post #325
sedatk wrote: post #321

Earlier quoted context omitted.

So, as I understand, that's expected to happen in foreseeable future. Otherwise, why switch from SHA1 if you can't create a collision with unaltered data?

It is not expected to happen in the foreseeable future, MD5 for instance hasn't broken in a second pre-image way, more than a decade after it was known to be weak. This class of attacks is MUCH harder to construct against a cryptographic hash.

Then, why did BitTorrent work on such a costly change if it's not vulnerable against it?

Re: BitTorrent v2

#390

Post by viralpoetry »

adamsea wrote: post #384
Muromec wrote: post #381

Earlier quoted context omitted.

It’s great to live a in developed world during the peace time. Sometimes you have to transfer money in and out of the country at war with it’s currency in free fall and capital controls in place. At times like that “normal” ways take about 30% of the sum as transactional overhead, while bitcoin doesn’t. Sometimes “normal“ ways just don’t work normally. Sometimes your government is actively working against your abilit…

Does this hypothetical situation you describe exist anywhere outside of the hypothetical situation posited by a character in a Neal Stephenson novel? Seriously in reality the specifics of any sort of wild situation like the one you describe matter. Which countries? Which currency? Which kind of illegal behavior? And (I ask out of ignorance) in this scenario you describe why would whatever group managing whatever bitc…

Fearing return to drachma, some Greeks use bitcoin to dodge capital controls https://www.reuters.com/article/uk-eurozone-greece-bitcoin/f...

WikiLeaks may have amassed more than $46 million in Bitcoin based on the number of coins held by its known wallet address. https://bitcoinist.com/wikileaks-has-received-more-than-46-m...

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