This email isn’t about Bitcoin but it’s about blockchains and it has me really really excited.
Livepeer and Filecoin announced a pilot co-mining program in which computers that mine Livepeer’s token will also simultaneously mine Filecoin.
This is exciting. Let me explain.
Livepeer is a blockchain project that lets anyone stream live video over the internet.
Streaming live video is a lot of work. There are many different devices, video players, and connection speeds that request the single video feed at once.
Specialized computers have to translate video, audio, and file formats in real time, over a decent internet connection.
Using Livepeer, video streamers now have a platform run by anonymous individuals around the world, and owners of beefy computers can get paid while they sleep.
Filecoin is another blockchain project that lets anyone store their files over the internet.
In a similar fashion to Livepeer, miners trade hard drive space for Filecoin tokens.
With Filecoin, Livepeer miners will be able to store the video files they transcode, offering a library of videos for their anonymous customers.
This is a smart move.
Video content will be able to be shared by anyone, anywhere in the world and cannot be censored or taken down by a company or government.
Citizens, journalists, maybe citizen-journalists, will have platforms unable to be censored or taken down by corrupted governments.
Video producers will have a better alternative to reach their audience if they are no longer happy with Netflix or Amazon in-between them.
Imagine actors getting their contracts paid automatically with every stream. Or every second their face is on a screen anywhere in the world.
Lots of new options on the horizon.
It’s a wild wild web.