BitTorrent (and uTorrent) reportedly sold
A Variety report suggests that BitTorrent Inc, creators of the BitTorrent peer-to-peer protocol and owners of uTorrent and BitTorrent (client), has been acquired by blockchain entrepreneur Justin Sun.
According to TechCrunch, Sun agreed to pay $140 million for the company after he signed a letter of intent to acquire the company in January 2018.
Justin Sun is best known for the Tron platform, which describes itself as one of the largest blockchain-based operating systems in the world. One of Tron's missions is to build a "truly decentralized Internet and its infrastructure" and part of that mission included the creation of TRX, a cryptocurrency with a current market cap of $4.517 Billion USD and the value of a coin at $0.045 at the time of writing.
The deal has not been announced by Sun or BitTorrent Inc at the time of writing, and it is unclear therefore how Sun plans to integrate or use the technology and what will happen to uTorrent and other company applications in the process.
TechCrunch suggests, based on unnamed shareholders the tech blog spoke with, that Sun may have two plans:
- To "legitimize" the business.
- As a potential network to mine coins using P2P technology and the large number of users.
While it is certainly too early to tell how this will pan out once the acquisition has been confirmed by Sun and BitTorrent Inc, it could have a big impact on the torrent community.
The past couple of years have been rocky for BitTorrent Inc. The company tried to diversify its portfolio by launching a live streaming business, sync service, and media distribution business but these efforts did not work out as intended.
BitTorrent Sync was moved to another company and most media operations were shut down as well. The company claims that more than 170 million users use its products per month and that its protocol moves up to 40% of all daily Internet traffic.
Closing words
It is too early to tell what will come out of this and whether the acquisition will be positive for the torrent community and users of uTorrent or BitTorrent, or not.
Now You: What's your take on this?
Doesn’t Windows 8 know that www. or http:// are passe ?
Well it is a bit difficulty to distinguish between name.com domains and files for instance.
I know a service made by google that is similar to Google bookmarks.
http://www.google.com/saved
@Ashwin–Thankful you delighted my comment; who knows how many “gamers” would have disagreed!
@Martin
The comments section under this very article (3 comments) is identical to the comments section found under the following article:
https://www.ghacks.net/2023/08/15/netflix-is-testing-game-streaming-on-tvs-and-computers/
Not sure what the issue is, but have seen this issue under some other articles recently but did not report it back then.
Omg a badge!!!
Some tangible reward lmao.
It sucks that redditors are going to love the fuck out of it too.
With the cloud, there is no such thing as unlimited storage or privacy. Stop relying on these tech scums. Purchase your own hardware and develop your own solutions.
This is a certified reddit cringe moment. Hilarious how the article’s author tries to dress it up like it’s anything more than a png for doing the reddit corporation’s moderation work for free (or for bribes from companies and political groups)
Almost al unlmited services have a real limit.
And this comment is written on the dropbox article from August 25, 2023.
First comment > @ilev said on August 4, 2012 at 7:53 pm
For the God’s sake, fix the comments soon please! :[
Yes. Please. Fix the comments.
With Google Chrome, it’s only been 1,500 for some time now.
Anyone who wants to force me in such a way into buying something that I can get elsewhere for free will certainly never see a single dime from my side. I don’t even know how stupid their marketing department is to impose these limits on users instead of offering a valuable product to the paying faction. But they don’t. Even if you pay, you get something that is also available for free elsewhere.
The algorithm has also become less and less savvy in terms of e.g. English/German translations. It used to be that the bot could sort of sense what you were trying to say and put it into different colloquialisms, which was even fun because it was like, “I know what you’re trying to say here, how about…” Now it’s in parts too stupid to translate the simplest sentences correctly, and the suggestions it makes are at times as moronic as those made by Google Translations.
If this is a deep-learning AI that learns from users’ translations and the phrases they choose most often – which, by the way, is a valuable, moneys worthwhile contribution of every free user to this project: They invest their time and texts, thereby providing the necessary data for the AI to do the thing as nicely as they brag about it in the first place – alas, the more unprofessional users discovered the translator, the worse the language of this deep-learning bot has become, the greater the aggregate of linguistically illiterate users has become, and the worse the language of this deep-learning bot has become, as it now learns the drivel of every Tom, Dick and Harry out there, which is why I now get their Mickey Mouse language as suggestions: the inane language of people who can barely spell the alphabet, it seems.
And as a thank you for our time and effort in helping them and their AI learn, they’ve lowered the limit from what was once 5,000 to now 1,500…? A big “fuck off” from here for that! Not a brass farthing from me for this attitude and behaviour, not in a hundred years.
When will you put an end to the mess in the comments?
Ghacks comments have been broken for too long. What article did you see this comment on? Reply below. If we get to 20 different articles we should all stop using the site in protest.
I posted this on [https://www.ghacks.net/2023/09/28/reddit-enforces-user-activity-tracking-on-site-to-push-advertising-revenue/] so please reply if you see it on a different article.
Comment redirected me to [https://www.ghacks.net/2012/08/04/add-search-the-internet-to-the-windows-start-menu/] which seems to be the ‘real’ article it is attached to
Comment redirected me to [https://www.ghacks.net/2012/08/04/add-search-the-internet-to-the-windows-start-menu/] which seems to be the ‘real’ article it is attached to
Article Title: Reddit enforces user activity tracking on site to push advertising revenue
Article URL: https://www.ghacks.net/2023/09/28/reddit-enforces-user-activity-tracking-on-site-to-push-advertising-revenue/
No surprises here. This is just the beginning really. I cannot see a valid reason as to why anyone would continue to use the platform anymore when there are enough alternatives fill that void.
I’m not sure if there is a point in commenting given that comments seem to appear under random posts now, but I’ll try… this comment is for https://www.ghacks.net/2023/09/28/reddit-enforces-user-activity-tracking-on-site-to-push-advertising-revenue/
My temporary “solution”, if you can call it that, is to use a VPN (Mullvad in my case) to sign up for and access Reddit via a European connection. I’m doing that with pretty much everything now, at least until the rest of the world catches up with GDPR. I don’t think GDPR is a magical privacy solution but it’s at least a first step.