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> 1. You can't play a torrented file until the download is 100% complete. (Well, maybe 95% complete, depending on how tolerant you and your software are when it comes to malformed files)

Theoretically, yes. But in practice, especially with "modern"/high-speed internet, I can open my torrent in VLC after the first few MB are present on my computer and read the entire file as it comes in, without me the user encountering stuttering or buffering of any kind.

In effect, from the user's perspective, you're streaming the torrent - without running into the often present decrease in quality from the "traditional" stream's encoding.



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