I've never invested in an ICO before, but there's a good chance I'm gonna throw some money at these guys.
videocoin.io
The idea is simple: Decentralize content delivery using blockchain to make and settle contracts.
If you've ever set up a CDN for your site, you know how difficult it can be to find the best price and avoid hidden fees. You usually end up integrating several different services--one for encoding, one for origin servers, and another for edge servers. You pay each one of these companies a premium so that they can make money for themselves.
Halsey Minor--the founder of CNET and an original investor in Salesforce, among many other successes--wants to do away with all that by using blockchain technology to build a decentralized CDN. You'll bid for storage, bandwidth, and latency in a decentralized market, with "miners" (analagous to bitcoin miners) around the world providing storage, compute power, and bandwidth.
Content owners are interested. Among the board of advisors for this project are higher-ups at Fox and DirecTV. It's not hard to see why companies like Fox would be interested--they haven't built their own CDN like netflix and amazon have, so they're paying more for their bandwidth than they need to be. Decentralization would help them to avoid paying overhead costs for their CDN provider, without having to build and maintain their own CDN.
I think it's gonna be big for porn, too--tubes big and small could benefit from cheaper bandwidth.
What do you guys think? I think, even if this isn't the company that ends up succeeding, decentralized CDN is coming--it's only a matter of time.
Plus, let's be honest--any altcoin with a smart idea and a good team behind it eventually gets pumped up like crazy. This is one of the coolest ideas and teams I've seen in a while--even if decentralized CDN never works out, this alt-coin is destined for a speculative pumping! Might as well ride the bubble
