Attempting to build an illegal business off of piracy (profit on other people's work). On top of being illegal, this is incredibly shitty to do. Movies and shows that people love are extremely expensive. If you want to enjoy their product, you can cough up the couple bucks a month a Netflix or HBO account costs.
Are people really that stupid that they would trust a pirate with their money? Thankfully it appears not many based on the ICO address.
To sum it up: Not going to bother with a longer review seeing as how little information is provided in their OP, and how straightforward it is: investing in illegal businesses will never end well.
You are welcome to your opinion and your own take on current events. We encourage all potential investors to do their research before making any decisions regarding our project.
We believe in the freedom of information and that traditional media has done the public a disservice in refusing to update their business model and evolve to reflect changing technology. Services such as Netflix and Hulu are a great step forward but are absolutely unusable in many areas of the world due to ridiculous licensing issues. Compare the selection of netflix inside the US to other areas of the world and the differences are astounding. This is before even taking into account the different economic conditions between countries.
Our site and our business model does not break any copyright laws in our country and while certain areas of the world may choose to argue that point, we are not hosting anything which is copyright but rather links that allow users to retrieve information on the content they are looking for. We have the ability to address the 2 biggest issues with traditional torrent sites. Number one, it simplifies the process requiring no third party software, extensions or custom browser addons. Number two, you do not have to dig through dozens or hundreds of results to find what you are looking for or require any special knowledge to ensure you are not exposed to malicious content. We also solve the biggest issue with traditional streaming sites in that content linked from our website is decentralized and has no single point of failure.
Whatever the legal status of torrents in your area and whatever your moral stance on copyright law and traditional media is, it is undeniable that what our project looks to provide holds not only promise, but monetary value for investors. I would strongly encourage testing our second demo site as it goes live this weekend and doing research on similar services. Anyone who regularly uses stream or torrent sites will be able to see at a glance the power of what we are doing with this project.
Interesting I just hope the copyright violations don't get the site shut down. So when someone requests a video they put a bounty up and then the person gets them the video, after that can only that person who put the bounty up download or can anyone; like does it become part of a searchable database?
When someone submits an item to the site, they are simply providing a magnet link (a hash used for torrent clients) and some simple metadata (movie title for example) so our site can begin to categorize the item. Approved members of the site must then approve that release simply by saying "yes, it is what they said it is" and verifying that the torrent has enough people seeding it. At that point our site will scrape the internet for extended information about that release. This includes things such as genre tags, ratings, synopsis, posters and more. It uses that data to build a comprehensive database on that release so when users search the site or are watching something else, it can make relevant recommendations for other movies/shows they may wish to watch.
It's worth re-starting that there is
no copyright content being stored on our servers or being used by our site. When a user requests a torrent, we simply provide them with the magnet link for the torrent and they can connect to other peers to download the file itself. This is all done within the browser leveraging Javascript, WebRTC and WebTorrent.
You say I can add new movie to site after saturday? What format do submissions need to be? I have some movies I will try adding.
Yes, submission of new content will be enabled in the second demo. In order to be approved for the site, torrents must contain a .mp4 file with h.264 video encoding and AAC or MP3 audio encoding. This is to ensure that it will be compatible across all browsers which support html5 and wont ever need extra software.
We strongly recommend anything submitted to the site be from an existing torrent site to ensure it will have already been spread among many users. This will ensure quicker load speeds for those testing the site and provide redundancy for the system. As our service launches and grows in popularity this will become less relevant.