Companies BitTorrent Inc. Offers Digital Release Bundle of ‘The Interview’ Film to Sony Published 4 years ago on December 23, 2014 By Clay Michael Gillespie The days may be dark at Sony lately, but finally someone is stepping up to give the company a platform to release their highly controversial Seth Rogan film The Interview. It may be unconventional, but BitTorrent Inc. says their platform is perfect for Sony. After weeks of personal information being hacked and leaked by a group called the Guardians of Peace, alleged to be working on behalf of North Korea, Sony caved and pulled the movie. The decision was made after theater chains like Carmike Cinemas and AMC decided not to show the film amid terrorist threats. Once Sony felt the financial pressure coupled with the personal pressure, they decided not to release The Interview and took criticism from President Obama, who said: Sony is a corporation, it suffered significant damage, there were some threats against employees, I am sympathetic to the concerns that they faced. Having said all that: yes, I think they made a mistake. Also read: Sony Hack Drama Continues: Washington Wants North Korea to Compensate Sony for The Interview After taking the backlash, Sony announced that they were open to an online release if a service could provide them with one. Obviously, someone like Netflix, Hulu or Amazon Prime stepping up to the plate would be a costly endeavor, but a major step forward for the online streaming community. Unless any of these services is negotiating behind closed doors though, it doesn’t look like anyone is stepping forward. The fear of another costly company attack still looms overhead as the Guardians of Peace have not backed down from their attack on Sony. BitTorrent Offering Their Services to Sony Amidst the looming fear, BitTorrent Inc. told Venture Beat that their platform is open to Sony utilizing their technology to distribute the content. “A trend has emerged among commentary in the days since Sony announced they would not release the motion picture, ‘The Interview.’ There have been calls for Sony to release the film online. And many have contacted us asking: Would they be able to release the movie using BitTorrent? Though we normally would not offer commentary during such a trying time for another company, the answer is yes. BitTorrent Bundle is, in fact, the very best way for Sony to take back control of their film, to not acquiesce to terrorist threats, and to ensure a wide audience can view the film safely. It would also strike a strong note for free speech.” Utilizing BitTorrent Bundle would be a highly unconventional release, but legal. Sony would be able to publish their content through BitTorrent Inc. and charge their price. With terrorist attacks on theaters still considered legitimate, viewers could watch the content from their homes rather than risk their lives if they want to see the film. The Plot Holes in the BitTorrent Offer There is a hole in the plan though. Anyone who uses BitTorrent also knows how to use piracy sites, much like the late Pirate Bay. Within a matter of hours, The Interview would most likely be uploaded to any of these piracy services and people wouldn’t have to pay Sony at all, costing them possible millions. Also read: In the Wake of The Pirate Bay Shutdown, Tribler Makes BitTorrent Completely Anonymous and Impossible to Compromise Because of the threat of piracy soon after a digital download is made available, some people in the torrent community have even proposed the idea of releasing the film directly to pirate sites at a financial loss. The notion of uploading to piracy sites is something BitTorrent disagrees with entirely. We disagree, however, with some that have suggested that Sony should make the film available through piracy sites. That would only serve to encourage bad actors. It’s also important to make the distinction that these piracy sites are not ‘torrent sites.’ They are piracy sites that are wrongfully exploiting torrent technology. If Sony did make a deal with BitTorrent Inc., it would be a mighty stand in favor of the torrent community. BitTorrent believes it to be a strong note for free speech, but Sony risks a massive financial loss if they decide to allow the film for digital download anywhere. Sony hasn’t released a statement of how they plan on releasing the film yet, but if they choose any platform other than the movie theaters it will be monumental; whether it be torrent, online streaming or simply video-on-demand. Images from BitTorrent, Ken Wolter and Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Clay Michael Gillespie Clay Gillespie a writer and reporter for many different platforms across the tech industry. He holds a B.S. in Public Relations from Ball State University, and freelances for different clients in technology and cryptocurrency. For more information, visit his personal website, claygillespie.com. Follow @HackedCom Feedback or Requests? Related Topics:BitTorrentSonyThe Pirate Bay Up Next Tesla Battery Swap Twice as Fast as the Gas Pump Don't Miss North Korea’s Internet May Be Under Attack You may like Tron Price Analysis: TRX/USD Shoots Higher After Justin Sun Leaves Community Drooling from Anticipation Tron (TRX) Price Boosts as Millions Flock to Torrent Streaming Browser Tron Latest Update: Justin Sun Delivers Promising News On the Platform’s Development and Progress Tron: The Lone Survivor in Last Week’s Crypto Carnage Sony Introduces 2FA for PlayStation Users Sony (Finally!) Brings 2FA Security to PlayStation Network 6 Comments 6 Comments Renioctib December 23, 2014 at 11:18 pm Dear relatives, articles undated and without a writers name attached would (should) normally be treated as spam. Bittorrent is of course the ideal method of distribution, but most people ‘arn’t there yet’. Nevermind though.. “We have never given up on releasing The Interview, and we’re excited our movie will be in a number of theaters on Christmas Day,” Michael Lynton, CEO of Sony Entertainment. Log in to Reply Rick Mac Gillis December 24, 2014 at 2:21 pm Obviously fake. You said it yourself. Log in to Reply TokyoWomenAreAmazing December 24, 2014 at 9:30 pm It’s unfortunate. Log in to Reply Rick Mac Gillis December 24, 2014 at 2:20 pm Sony should get in touch with The Pirate Bay when they reopen. TPB is notorious for financially helping those who give away their products. A video game who first launched on TPB had the community’s support on Stream Green light and they made millions from that. If Sony accepts Bitcoin, they can pay their donation address in the torrent. If Sony makes it known that they’re teaming up with Bitcoin and Piracy activists, they stand to make more money from this movie than any other they’ve ever released, especially due to its controversial nature. It’ll show Sony in a massively positive and revolutionary light. Log in to Reply TokyoWomenAreAmazing December 24, 2014 at 9:29 pm I agree with the first paragraph, but the second part is just wrong. Single Sony movie releases have grossed hundreds of millions of dollars just in theaters. There is no way they will make that much through TPB. I agree they will make millions, and if they support Bitcoin by accepting it, I’m sure Bitcoin will support them in turn (I will certainly buy a copy if Bitcoin is accepted, and ironically, I would have been the first to download this on TPB for free if they went the traditional route). If they go the BitTorrent release route in general, I will buy a copy. I absolutely 100% believe this is the way all movies should be released. Movie theaters are so obsolete it’s disgusting. Log in to Reply Giulio Prisco December 25, 2014 at 6:40 am Rick, Sony is a large mainstream company, and therefore invested in the establishment. If they betray the establishment and team up with pirates, they will be ostracized and attacked by all their former allies. They will never do that. Log in to Reply You must be logged in to post a comment Login Leave a Reply Cancel replyYou must be logged in to post a comment. Business Uber: $120 Billion IPO? Published 3 days ago on October 16, 2018 By Sam Bourgi Uber Technologies Inc., the global ride-hailing giant, is reportedly eyeing an initial public offering (IPO) worth as much as $120 billion. According to The Wall Street Journal, the IPO could take place early next year, giving investors ample time to prepare. More Valuable than the Auto Giants The $120 billion value proposal was delivered to Uber last month by Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS), two of Wall Street’s largest banks. The banks were presumably advising Uber on how to position stock offerings to potential investors before underwriting the IPO. The new valuation far exceeds the one Uber received from Toyota Motors Co (TYO), which priced the ride-sharing service at %72 billion. At $120 billion, Uber would be worth more than the General Motors Co (GM), Ford Motor Co (F) and Fiat Chrysler Automobiles (FCA) combined. The Detroit auto giants have seen their valuations rise in the wake of the financial crisis, buoyed by a prolonged recovery and increased appetite for automobiles. However, their growth has paled in comparison to Uber’s, which was founded in 2009. Uber’s expansion hasn’t been without growing pains. The company has been mired by regulatory bottlenecks, workplace scandals and the alleged theft of trade secrets from Alphabet Inc. (GOOGL), Google’s parent company. It is not entirely clear what metrics the Wall Street banks used to evaluate Uber’s potential value. The company reportedly told Morgan Stanley it won’t be profitable for at least another three years, though annual revenues are expected to reach up to $11 billion this year. That’s a marked rise over the $7.78 billion generated in 2017. While there’s no guarantee that Uber will go public in the proposed timeframe, it must issue a public offering by the end of 2019, according to WSJ sources. That’s the agreement it has in place with investor SoftBank Group Corp. Uber by the Numbers Uber’s startling growth over the past nine years can be represented by a few statistics. As of May 8, 2018, the company had 19,000 employees. This doesn’t include the more than 3 million drivers who are getting paid through the ride-hailing service. Since inception, Uber drivers have completed some 10 billion rides. This averages out to about 15 million rides each day. Gross bookings in 2016 alone amounted to $20 billion. As of June, 75 million riders were using the Uber app. In the U.S. alone, adult users are projected to reach 48 million by the end of 2018. The Uber app is installed on 21% of U.S. adult Android devices. Currently, Uber owns up to 87% of the U.S. ride-hailing market. The growth and widespread adoption of the service has opened the door to other competitors, with Lyft being the biggest. Founded in 2012, Lyft is available in about 220 cities across the U.S. as well as in major cities across Asia. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (2 votes, average: 5.00 out of 5)You need to be a registered member to rate this. Loading... Sam Bourgi 4.6 stars on average, based on 647 rated postsSam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts. Follow @HackedCom Feedback or Requests? Continue Reading Business Argo Mining as a Means of Diversification Published 5 days ago on October 14, 2018 By William Bartlett Buying Bitcoin (or any cryptocurrency) is something we talk about a lot, but earning crypto is just as interesting. There are many ways to earn crypto that allow for arbitrage-like opportunities, but the focus of this piece is on mining companies. More specifically, Argo Mining, which is the first cryptocurrency mining company to IPO. That might not sound like a big deal, but it gives Argo a critical competitive advantage over other companies. The Mining Industry One thing is clear right now, the mining industry is still very opaque. Users are constantly worried about being scammed, which is very similar to how it was when trading exchanges were popping up left and right. There are numerous options out there for companies that will help you mine cryptocurrency, but it isn’t always clear what the best choice is. You can go one of two routes: have a mining application operate on your computer, or pay for a rented service. Honeyminer is an example of a native application that works well and pays out cryptocurrency, and Argo is an example of a “shared service”. Argo operates much like Amazon Web Services does. You pay to rent computational capabilities, but your goals end up being slightly different. The business models are sound, but very different. Where Argo’s Advantage Comes From Argo is the first mining company to IPO, which adds a level of trust that no other company can currently command. There are so many potential risks for users that they tend to shy away from these companies. They are worried about their payment information being ripped off, withdrawal of the coins, and the costs being greater than the revenues. By raising $32 million in their June 11th IPO, Argo has alleviated many of these worries, and added a degree of trust to their brand. They started off mostly mining altcoins such as Bitcoin Gold, Ethereum, Ethereum Classic, and Zcash, but have recently announced Bitcoin mining packages as well. The overall goal of Argo, as stated by their CEO, Jonathan Bixbay, is to democratize mining so everyone can participate. Right now, most of the mining is done by a select few of the elites, and Argo is enabling the wealth to be spread here. Can Argo Actually Make You Money? The big question to answer about Argo is whether you can actually make money doing this. The costs per month could potentially be higher than the value of the crypto you mine. Sure, you don’t have to pay trading fees on them, but it is important to calculate exactly how much you are coming out ahead. It depends on the package, but you could potentially end up paying more for the fees than you earn. The trick is to remember that the crypto market isn’t like other markets – it isn’t perfectly efficient – and there are always arbitrage opportunities if you look hard enough. An Alternate Route to Being Long Crypto With much of crypto mining currently being done by elites because of the massive investment involved, it is clear that Argo has tapped a massive market. The company had a waitlist of 50,000 in September, and with the funds from the IPO, they can finally finance the expansion of their operations in a way that will speed up the number of people they can bring online. If you believe Bitcoin (or cryptocurrencies in general) is coming out of a rut soon, then this is a good way to diversify into the market. Do your own tests and make sure that you are coming out ahead after the fees, but it should be a simple way to make some extra money in what is currently an inefficient market. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... William Bartlett 4.1 stars on average, based on 41 rated posts Follow @HackedCom Feedback or Requests? Continue Reading Companies Crypto Market Development: Goldman Sachs-Backed Circle Acquires Crowdfunding Platform Published 2 weeks ago on October 6, 2018 By Ken Chigbo Goldman Sachs-backed Circle has announced it has acquired SeedInvest. The fee has not been disclosed. SeedInvest are a crowdfunding platform. Circle are planning to expand SeedInvest’s offerings to support cryptocurrencies. The Goldman Sachs funded crypto start up Circle, are really stepping up their dominance within the market. Over the past two days, there has been a couple positive developments from their camp. Firstly, the firm has acquired crowdfunding platform SeedInvest. Elsewhere, they have added a new feature for their app, known as Collections. Circle Acquires SeedInvest Circle Internet Financial is acquiring SeedInvest. Should all be approved by regulators, the company are targeting the strategy of delivering a token marketplace. This will enable businesses as well as individuals to raise capital and interact with investors using open crypto rails and infrastructure. Circle will want to make it easier for startups to issue digital coins. The scope also to facilitate customers to trade a larger variety of digital tokens. A full statement can be observed by their latest blog. Collections Another development from Circle, coming in the form of adding a new feature, is “Collections”. This will allow its users to invest in a particular theme. The following themes offered are “Platforms, Payments, and Privacy.” Users will be able to invest in an entire theme, with a single click. Providing a simplified way for investors portfolio be focused on multiple coins. Full coverage was posted within a blog from the company. Market Review These developments continue to cement the huge improvements being observed across the market. The sky appears to be the limit, as the digital currency sector does not stop having its infrastructure solidified. Updates such as the announcements from Circle, demonstrate capabilities are not limited. See previous acknowledgement points of the sector taking big legitimizing steps, in a prior Litecoin article, under the section ‘Big Infrastructure Improvement In The Crypto Market’. The one thing that will likely continue to slowdown the market is regulation. This will have to be the case for the foreseeable future. As revolutionizing as the industry is, regulators must remain cautious for the sake of all parties involved. Their concerns remain about the safety of investors that want to participate in the marketplace as well as ensuring that anti-money laundering protocols are maintained. In the long run, it is in the best interest of all those involved. Besides all of this, there is still remains some way to go for complete a complete solid system, in comparison to the traditional financial system. Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (1 votes, average: 5.00 out of 5)You need to be a registered member to rate this. Loading... Ken Chigbo 4.5 stars on average, based on 32 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets. Follow @HackedCom Feedback or Requests? 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