Decentralized p2p, free, uncensored media provider. Web interface part
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README.md managers to paper 2 Dec 2, 2013
paper.lyx managers to paper 2 Dec 2, 2013
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README.md

WeTube

the new revolutionary p2p media provider

Abstract

The three pillars of WeTube: freedom, privacy, voluntary moderation

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.

Is this another moderated system?

The entrance to the world of WeTube

The rise of privacy

But what about criminals? Couldn't they have impunity in this system?

Economic incentives

IN A DAC, ABSOLUTELY EVERYBODY CAN PARTICIPATE, IT IS ANONYMOUS, PAYMENTS ARE FULLY AUTOMATIC, THE CORPORATION IS NOT BELONGED TO ANYBODY IN PARTICULAR, NOR BEING PLACED IN ANY PARTICULAR SERVER. IT IS FULLY DISTRIBUTED AND AUTOMATED.

Media Coin, the shares of WeTube DAC

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.

Earn MediaCoins by sharing

The Workers

Programmers - the great initial winners

Managers / marketers / modelers

Moderators

Servers

Entry Points

The Clients

Free users

Artists, Editors and Entry Points

The Investors

Interface

Videos

Music

Documents

Apps

The protocol

We need your help