wetube / wetube-web

Decentralized p2p, free, uncensored media provider. Web interface part

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Abstract
Imagine that you are a programmer and/or a system administrator and you want your deserved reward for your hard work while being useful to humanity. You can host a server and earn bitcoins proportional to the amount of bandwidth, space and maintenance you serve. At the same time, the protocol is specially designed to protect you against the arbitrary laws, as you can select which moderators you're going to serve, and therefore, the content your server helps the user to download. But not even that, most of the contents are actually not stored in your servers, but interchanged between users alone, making this protocol a really distributed anonymous one. We even optionally protect your IP with a technology similar to hidden Tor services if you want to serve delicate searches, at only the cost of some added latency. You are a crucial part of this revolution.
There is not going to be any kind of commissions, and manual escrow is not needed because transactions are fully automated and checked in real time. This is just wonderful! Escrow is fully automated and free. How does this work? The MediaCoin seller put MediaCoins in sell mode and provides a Bitcoin address where to receive payment. By putting an amount in sell mode, the seller automatically put the MediaCoins in escrow mode, so he cannot spend those coins for a defined period of time. Then the buyer sends the mandatory amount to that Bitcoin address, and the WeTube network watches it. When 3 confirmations are made, the system send the MediaCoins to the buyer from the seller account and finish the escrow. If the buyer doesn't pay after a period of time, the escrow is released and MediaCoins return to the seller and become expendable again.

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Decentralized p2p, free, uncensored media provider. Web interface part