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RE: Guess Who Just Got Quoted On Ethereum World News?
Being able to mine crypto by uploading files is going to be epic. I'll have to do a post on VPNs if that happens so that people know how to protect themselves against the copyright infringement boogieman.
One thing I just realized is that the system would have to be an open market. You can't force a certain price rate. Each file has it's own supply and demand and each seeder is willing to give up that file for a certain amount of coin.
If the price was fixed you'd get scenarios where no one wanted to download a file even though there were tons of seeders because the price was too high. Conversely, a file with very high demand and no seeders and a fixed price wouldn't be incentivizing seeders to stay and help seed the file.
A variable price market will allow the owners of IP to come in and charge a premium for their files. People will pay more money to them simply because it's legal. This is how you bring corporations to the table.
Also, this gives financial incentive for hackers to crack games and put them up virus free, because they can now get paid simply from cracking the game instead of infecting your computer with adware or cryptojackers.