Existing studies on BitTorrent systems are single-torrent based, while more than 85% of all peers participate in multiple torrents according to our trace analysis. In addition, these studies are not sufficiently insightful and accurate even for single-torrent models, due to some unrealistic assumptions. Our analysis of representative BitTorrent traffic provides several new findings regarding the limitations of BitTorrent systems: (1) Due to the exponentially decreasing peer arrival rate in reality, service availability in such systems becomes poor quickly, after which it is difficult for the file to be located and downloaded. (2) Client performance in the BitTorrentlike systems is unstable, and fluctuates widely with the peer population. (3) Existing systems could provide unfair services to peers, where peers with high downloading speed tend to download more and upload less. In this paper, we study these limitations on torrent evolution in realistic environments. Motivated by th...