Bit Torrent Crypto-Currency And What It Might Mean To The World Of Crypto?

Maybe you have never heard of Bram Cohen. You are not the only one, neither have I, until last week. I bet you are like me and heard of BitTorrent? Well, he is the inventor!

So if he makes an announcement about the crypto-currency world should we listen? My guess is yes.

So what is the big announcement? He plans to create his own crypto-currency.

Even that there are hundreds of alt-coins and tokens out there, he feels that he has something new to bring to the table. Also he has stated that he will devote a full time effort not just in creating, but in maintaining the new currency which doesn't have a name yet.

Let me try to speculate here. How about the BitTorrent? Or just a Torrent? What do you think? What should he name the new crypto-currency?

My feeling is that he plans to experiment with new ideas and see what kind of impact he can make in the crypto world just like his impact with the BitTorrent protocol.

Cohen has presented at the Stanford blockchain conference and you can see his white paper from this link:

https://cyber.stanford.edu/sites/default/files/bramcohen.pdf

It seams that one of the things he is attacking is the waste he sees in Bitcoin and some other alt-coins. He also talks about solutions but doesn't seam like he has the optimal solution yet. My impression is that he is at early stages in this project.

Some of his views have been revealed in the Steal This Show podcast which you can listen to here:

https://stealthisshow.com/s02e14/

My speculation is that his idea is that the he wants a regular Joe on a cheap old laptop, hooked to the internet to be equal to someone on $10,000 gaming rig with the state of the art video card and have similar value when it comes to securing the network. That is not the case right now, since my old laptop is worthless when it comes to securing Bitcoin or most of the alt-coins. So if this is the idea, it's a good one. The big question is can Cohen deliver?

Well, I'm going to lean towards yes. But time will tell. I do want to bring this to your attention, so if later this or next year you see something announced from him, it's been in the cooker for a while and it might bring something new to the crypto world.

What's your opinion? Looking forward to your feedback.

CR