Your effort is great, but i think YouTube videos are working great at this time, maybe you will get success with it but if you got tons of uploads, then i am afraid that you won't be able to sustain the costs of the servers, because bandwidth is very expensive for video streaming i guess @furion
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The idea with IPFS is that you don't need a central server. The files are distributed across the internet on many computers similar to the way BitTorrent works. But I guess for the time being they will need to be hosted, until IPFS is more widespread.