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Offline liberman

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WeTube DAC - decentralized media provider - the future YouTube
« on: November 25, 2013, 12:45:31 PM »

UPDATE

We are separating Wetube from Bitcloud, which is the protocol.

The protocol is here:

https://github.com/wetube/bitcloud/blob/master/bitcloud.org#introduction

Our forum is here:

http://talk.bitcloudproject.org/


Another great idea.
Imagine a decentralized site which holds media content uploaded by users, and serves video in real time to other users. Pretty much like a decentralized YouTube.

Ideas:

  • Engine based on BitTorrent, slightly modified so order of media parts is important. First parts of the media are served first.
  • Transparency of video downloads. The user doesn't have to do nothing, and use the site like he uses youtube.
  • A user can select how much he/she want to share for every video or part of video he downloaded. Ussually it should be 1:1 and infinity for the videos he added to favorite. He stops to share when he abandon the page or turn off the program, or after a predefined time chosen.
  • Optimized cache for users: view one time and see many times without having to download it again. Favored videos are stored permanently, while others are automatically deleted when the cache is full. User can choose how much cache does he/she wants.
  • Video uploaders retain their content permanently or until many users hold the video in their cache.
  • Interface similar to youtube. A javascript version for browsers, but also an application with more advanced features.
  • The main servers of the interface are the shareholders of the DAC, and the more you contribute, the more shares you obtain.
  • Integration with AdWords DAC, so revenew obtained from ads are returned in the form of dividends to the shareholders.
  • Integration with Keyhotee IDs.
  • Decentralized search engine based on Gnutella, adapted to serve faster (using cache on servers), reputations, views, related, categories, etc.
  • Pay per priority: your video can get in the front page and give extra bandwidth by servers if you pay a fee..

These are only some of the ideas. We could start to program immediately after the first alpha of bitshares is released, and meanwhile put the ideas on paper. The opportunities are big!
« Last Edit: January 23, 2014, 01:54:00 PM by liberman »

Offline phoenix

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Re: WeTube DAC - decentralized media provider - the future YouTube
« Reply #1 on: November 25, 2013, 04:02:53 PM »
I agree that there's a big opportunity for this, but the distributed storage required for this would be much greater than what's normally used for a cryptocurrency block chain. In addition to keeping track of the currency on a blockchain, you would have to store what could easily be terabytes of video. You could either accomplish this by increasing the amount of data that each node is expected to store, or by increasing the number of nodes on the network.
Protoshares: Pg5EhSZEXHFjdFUzpxJbm91UtA54iUuDvt
Bitmessage: BM-NBrGi2V3BZ8REnJM7FPxUjjkQp7V5D28

Offline liberman

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Re: WeTube DAC - decentralized media provider - the future YouTube
« Reply #2 on: November 25, 2013, 04:13:10 PM »
I agree that there's a big opportunity for this, but the distributed storage required for this would be much greater than what's normally used for a cryptocurrency block chain. In addition to keeping track of the currency on a blockchain, you would have to store what could easily be terabytes of video. You could either accomplish this by increasing the amount of data that each node is expected to store, or by increasing the number of nodes on the network.

I agree that it would require terabytes of data to store everything, but if you read carefully, I clearly say that it will going to be P2P. Much like bittorrent but optimized for real-time playback. So actually only the users store the content. Servers are the interface only.
When a user press "add to favorite", then he becomes a seed. And while the user is watching a video, he acts also as a seed for the content he is actually viewing.
So there is no need for storing any video in any server, with one exception: when someone pays a fee, the media is cached in the servers, and the servers are the shareholders of the DAC, so they obtain revenue in exchange for the space and bandwidth.

Offline phoenix

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Re: WeTube DAC - decentralized media provider - the future YouTube
« Reply #3 on: November 25, 2013, 04:19:42 PM »
Ok, that makes more sense. Do you think this should use its own cryptocurrency, or would it be better for it just to use some currently existing cryptocurrency? Or, perhaps several media DACs could all honor a single coin, thus greatly increasing its value and usefulness.
Protoshares: Pg5EhSZEXHFjdFUzpxJbm91UtA54iUuDvt
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Offline liberman

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Re: WeTube DAC - decentralized media provider - the future YouTube
« Reply #4 on: November 25, 2013, 04:41:28 PM »
Ok, that makes more sense. Do you think this should use its own cryptocurrency, or would it be better for it just to use some currently existing cryptocurrency? Or, perhaps several media DACs could all honor a single coin, thus greatly increasing its value and usefulness.

Not exactly, it would be a stock. Just like Apple and Google are stocks and they operate on regular markets, this would be another stock  operating on the Bitshares market.
Dividends could be perfectly paid in any other currency (like Bitcoins or Bitshares).

Instead of mining, the shares of this stock are obtained by serving bandwidth and space. The more you serve, the more shares you obtain, and therefore the more dividends you win.
You can also sell or buy stocks.

Offline luckybit

Re: WeTube DAC - decentralized media provider - the future YouTube
« Reply #5 on: November 25, 2013, 05:51:00 PM »
I agree that there's a big opportunity for this, but the distributed storage required for this would be much greater than what's normally used for a cryptocurrency block chain. In addition to keeping track of the currency on a blockchain, you would have to store what could easily be terabytes of video. You could either accomplish this by increasing the amount of data that each node is expected to store, or by increasing the number of nodes on the network.


I agree that it would require terabytes of data to store everything, but if you read carefully, I clearly say that it will going to be P2P. Much like bittorrent but optimized for real-time playback. So actually only the users store the content. Servers are the interface only.
When a user press "add to favorite", then he becomes a seed. And while the user is watching a video, he acts also as a seed for the content he is actually viewing.
So there is no need for storing any video in any server, with one exception: when someone pays a fee, the media is cached in the servers, and the servers are the shareholders of the DAC, so they obtain revenue in exchange for the space and bandwidth.

I think your idea is brilliant and may be a killer app. This is a DAC that should be built.
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Offline liberman

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Re: WeTube DAC - decentralized media provider - the future YouTube
« Reply #6 on: November 25, 2013, 06:48:20 PM »
Yeah! Anyone interested please answer here if  you can help.
If the idea goes forward, I think we would need:

Programmers: C++ and Javascript/HTML.
Program analysts: to find ways to implement the algorithms and make the system invulnerable and unbreakable.
Economists. To help thinking about the business model and how to make this productive in the details.
Legal advisers: to help thinking about possible legal issues related to copyright for the shareholders/servers, or how to avoid them.

Offline bytemaster

Re: WeTube DAC - decentralized media provider - the future YouTube
« Reply #7 on: November 25, 2013, 07:01:49 PM »
I agree that there's a big opportunity for this, but the distributed storage required for this would be much greater than what's normally used for a cryptocurrency block chain. In addition to keeping track of the currency on a blockchain, you would have to store what could easily be terabytes of video. You could either accomplish this by increasing the amount of data that each node is expected to store, or by increasing the number of nodes on the network.


I agree that it would require terabytes of data to store everything, but if you read carefully, I clearly say that it will going to be P2P. Much like bittorrent but optimized for real-time playback. So actually only the users store the content. Servers are the interface only.
When a user press "add to favorite", then he becomes a seed. And while the user is watching a video, he acts also as a seed for the content he is actually viewing.
So there is no need for storing any video in any server, with one exception: when someone pays a fee, the media is cached in the servers, and the servers are the shareholders of the DAC, so they obtain revenue in exchange for the space and bandwidth.

I think your idea is brilliant and may be a killer app. This is a DAC that should be built.

This is what I was working on prior to BitShares: https://github.com/bytemaster/tornet has the key to building this DAC.

For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline liberman

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Re: WeTube DAC - decentralized media provider - the future YouTube
« Reply #8 on: November 25, 2013, 07:45:50 PM »
Interesting, bytemaster.
But I think the problem with your original idea is about the people donating to the network.
This is different, as we are a truly substitute for Youtube. Free for users, but paid by advertisers.

Offline bytemaster

Re: WeTube DAC - decentralized media provider - the future YouTube
« Reply #9 on: November 25, 2013, 07:58:02 PM »
Interesting, bytemaster.
But I think the problem with your original idea is about the people donating to the network.
This is different, as we are a truly substitute for Youtube. Free for users, but paid by advertisers.

The nodes in my network are paid and operate for-profit, there is no donation.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline phoenix

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Re: WeTube DAC - decentralized media provider - the future YouTube
« Reply #10 on: November 25, 2013, 09:47:32 PM »
That's a very neat idea Bytemaster, any plan to release it as an official DAC?
Protoshares: Pg5EhSZEXHFjdFUzpxJbm91UtA54iUuDvt
Bitmessage: BM-NBrGi2V3BZ8REnJM7FPxUjjkQp7V5D28

Offline bytemaster

Re: WeTube DAC - decentralized media provider - the future YouTube
« Reply #11 on: November 25, 2013, 10:51:23 PM »

That's a very neat idea Bytemaster, any plan to release it as an official DAC?

After we have a multimillion dollar dev budget. 


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For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline liberman

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Re: WeTube DAC - decentralized media provider - the future YouTube
« Reply #12 on: November 26, 2013, 12:44:36 AM »

That's a very neat idea Bytemaster, any plan to release it as an official DAC?

After we have a multimillion dollar dev budget. 


Or after we create a very nice open source comunity.
What is going to happen first?

Offline bytemaster

Re: WeTube DAC - decentralized media provider - the future YouTube
« Reply #13 on: November 26, 2013, 02:41:25 AM »

That's a very neat idea Bytemaster, any plan to release it as an official DAC?

After we have a multimillion dollar dev budget. 


Or after we create a very nice open source comunity.
What is going to happen first?

I hope both happen soon :)
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline liberman

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Re: WeTube DAC - decentralized media provider - the future YouTube
« Reply #14 on: November 26, 2013, 08:07:19 PM »
UPDATE: please join us on #wetube on freenode and read the paper put here:
https://github.com/wetube/wetube-web

We are planning to use the original bytemaster code and get ideas from there.
We are already a team of 4 individuals, but we still need programmers with profound knowledge on internet protocols, or at least with enough time to learn.

 

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