Bitcoin Forum

I just wonder what the Killer App for Bitcoin would be, and if you think Streamium.io could be THE App that push Bitcoin mainstream?

It has the potential to be big, but it's still in beta and full of bugs.

It also has the potential to be used for major exploitation and this is something that would bring bad press for Bitcoin.

Do you think a monetized, decentralized service for video streaming, would be a good or a bad thing for Bitcoin?

We have already seen amateur voyeurism being done on this service and it could be used for more explicit or illegal porn streaming.

Let's discuss.  ??? 

I followed the discussions on reddit about streamium. And many people had some great ideas how this could be a really awsome application in the future if we reach mass adoption.Right now it is way too early I believe.

Maybe I am misunderstanding how it works, but it sounds like a pay-per-view for the internet with bitcoin. I can't image that it would be very successful when there are many free options to stream videos online.

Streamium looks very interesting to me. If it gains momentum it will be an unstoppable force.

This is different :

1. It's decentralized
2. It's immutable
3. It's a trust less system between two or more parties
4. It allows for micro payments.

This is actually the next step in video streaming... and it's going to kick dirt in the face of Periscope and Meerkat.  :D 

How will something like this be regulated? {Not that I am very much in favor of regulation, but I would want someone to protect the exploitation of people}

i don't think there will be a killer app that will make bitcoin go mainstream. it's the combination of everything together that will make bitcoin go mainstream. regarding op : i think it will get bought by a large tech company as the potential is high.

I think its one of many killer apps coming from bitcoin :)

Check out http://www.reddit.com/r/Streamiumlive/

Definitely, it needs to go mobile like meerkat though

I think I heard they are working on that aspect as we speak. Mobile has to be done.

Yea, I found it fascinating that there are the potential for people to make tons of money, within a couple of hours, using a service like this.
Edit : Legal ways ... Streaming a kids concert at school for charity for example.

BUT

http://www.reddit.com/r/Bitcoin/comments/3740nm/streamium_test_f22/
In this example a boyfriend challenged his 22 year old girlfriend to stream a video online, where she was cleaning her room, dressed in lingerie.

She got 249 viewers at $15/h {If everyone watch it for 1 hour, she would have made a staggering $3735 per hour!!!

Unfortunately it froze and she lost all income, when they refreshed the feed. {I am curious to know, what a successful attempt would cause}

It's still in beta... but it's got great potential for the early birds. {People would pay more for limited feeds}

Just imagine, if more viewers per second could be added ... I think the bandwidth will be the limiting factor or the cost for the streaming via the mobile.

This would not be wise at all. Video streaming is good, but using it for this type of shit is just going to be bad for bitcoin. There is a reason that shit is illegal and a good one..

Millions of internet users have grown up expecting to pay precisely zero for all the content they consume online.

Unless it's something quite insanely compelling, maybe a conversation with an alien, most people are not going to be putting their hands in their pocket and it would leak to a free source very quickly anyway.

I disagree, There are people willing to pay for immediate gratification. {Eg : A big boxing match streamed via a mobile phone, where the pay-per-view would be too expensive for some people .... Or a paparazzi getting a scoop on something NEW and broadcasting it to the world, before others get to it... etc etc}

Some people are simply bored and like to watch people do exiting stuff ...{Reality TV}

Time will tell, but I thinks this is THE ONE.  :o

If you need someone to 'protect consumers' then you're advocating regulation.  Can't have it both ways.

We shall see but I think the boat to monetise most internet content sailed a long, long time ago. It's an inconceivable idea to an awful lot of people. Even if it's forced, there'll be endless attempts to subvert it.

No just some porn freaks will try it. there are already killer apps for bitcoin, like mycelium, bread wallet, getgems etc.

Just tested stremium on their testnet. The audio-quality is like 96 kbps. No really good for streaming audio. I didn't test video, but I think it's slow and not usable for stuff like "instrument lessons". If the quality of the stream will be better, this might be a great thing.

I also had problems with connected to a test-stream I created. The problem was, that NoScript blocked some sites you need to watch / hear the stream. The problem was, that I paid for a session (20 minutes) and after the payment was received by Stremium and I landed on the stream-page, I had to allow some sites / scripts and after that, the site reloads and I wasn't on the streaming-site anymore, so I had to pay again. I don't know, if the payment from the first time was paid back, but that's a big problem at this moment.

I was wondering how the audio turned out. I had a feeling you would be doing "instrument lessons" which would be very cool. The thing with Streamium is its def. in Beta mode.  Did you get your payment back from the first payment ?

edit: update on  Streamium http://www.reddit.com/r/Streamium/comments/378xxy/announcement_updates_to_streamium/

I didn't think it had audio yet so that's a plus in my book

Pretty sure this will be a big one. Can't wait to see a lot of hot girls using this instead of the annoying cam sites which have been known to betray them privacy wise as well as the people that paid. So yeah there is an huge market for this.

For everyone who thinks this is bitcoin's (next) killer app, can you summarize all the benefits and why it can potentially go viral and mainstream?

For me, the though of empowering anyone to set-up a live stream and be able to get paid without someone taking a cut is pretty big. So you could do guitar lessons , math lessons , or you could be a live sporting event and someone might want to have sneak peak in . The application of this is pretty mine bongling.

I am afraid that you are right. If you are creator of decent video content then you will probably use Youtube or stream on Twitch. These services have bigger user base and audience. For now Streamium can be only really only used for sex webcam niche and be successful with it. There is already some advertisement of girls in the services section on our forum. Apparently it costs $15 to be able to watch hour of girl xxx stream...

I've tried that stream mentioned and it easily could be a video loop of the girl ( in fact I'm working out a way to verify with her now!) and I have feeling will be abused by fake girls to start.  But, you are right there are bigger fish to fry with all this. I just did a stream of the View of KLCC TWIN TOWERS, Kuala Lumpur, Malaysia here:
http://www.reddit.com/r/Streamiumlive/comments/3780at/streamium_live_in_klcc/

The screenshot of it: http://imgur.com/ElND1qa       now not sure why people would pay per second in BTC to see the towers but some might who knows.

I think its great, but I don't know about the webrtc technology, apple won't go webrtc with safari  :-\

My view is that Stremium will mainly be used for porn, this will definitely get the word out but in the end i dont see how it will be beneficial to bitcoin as a currency

You totally missing the point... people want instant payments for their Live content. Streamium gives instant access to the content, whilst it's happening in real time... The viewers can watch it LIVE and the content provider can receive instant micro payments.

Let's take an example : Your kids school is hosting a "show" but you are sick and cannot attend it. The school stream this "show" LIVE online for these people and charge them the same entrance fee, as they charge the people, who attended in person, via Streamium. {Or the "show" is sold out, and they just host a stream online for those who did not get tickets}

For the mothers and fathers who has sat through a 3 to 4 our show like this, it would be a great benefit.. {Let's say the wife goes, and phones the husband at work, when their child is going on, and he quickly access the stream and only pay for watching that part of the show}

There are loads of other {non-porn} related uses for this APP.

My friend paid $100 per hour for a LIVE streamed video of his kids dance competition in another country. {He could only afford to send his child and his wife} He sat at home with his family and they watched the whole performance. {It would be a lot cheaper to use Streamium}

People will find a use for it, and it will grow as soon as most of the bugs are sorted out.

The $15 per hour for the xxx rated content was a test run... people will pay much less, once there are more people using it. {Competition will push the rates down}

I think it's a great concept.    

No, paying for media you can already get for free will not be the killer app.

Depends on how one looks at it. For me, it will be a killer app because being decentralized, there won't be any issue on what "can" appear and "cannot" appear, it's like no central authority to control and dictate the terms. On another note, I just hope it won't be manipulated or in a way, misused, to an extent that it will make bitcoin look bad.

I guess the idea is to monetise unique happenings. Anyone trying to charge for watching kitten videos or movies isn't going to get too far.

I think it's more niche than it first appears but it might also open up new possibilities.

My spouse agreed to stream a LIVE feed of <spring cleaning in the buff> I made the mistake of saying, Who the hell is going to pay to watch that? I am now officially in the Dog Box for a month.
Next time, I will have to count my words or swallow it, if it pay off and pay the bills. ^Hmmmm^

I don't see the problem with charging for media. How do you think twitch is a massive success? There are millions being moved by the most famous twitchers with their subscriptions.

I think that the points you listed are exactly why it will be not killer ap. It will be labeled by majority of people as 'that hipster porn stream' or place where 'lunatic basement dwellers speak their opinions".
With porn I see that some people would use it but there is no way that anyone would pay to see anything politics or society related via Streamium. For now I doubt that Streamium will be huge, but I wish I am wrong.

this is going to be huge once people start using it and the word spreads.

Another killer app made reality ,This is an awesome new tool. I didn't know the development was so far along.

Streamium directory up and running. I hope this will catches on.

http://www.streamiumdirectory.com/

Shameless plug here :P
http://www.reddit.com/r/streamiumlive

We show which streams are 'Live' or 'Offline'. Future website in the works also.

https://bitcointalk.org/index.php?topic=1068441.0 the 'unofficial guide' .

powered by forum software, why?

we live in the future dude stop holding up the user, you can create a simple webapp where the user can come in "add my stream" and pick a "category" related to his live stream and then "hashtag" share to social media websites. create>view>advertise>profit

but no, you just installed a forum software lol, you went backwards dude.

I did not create it.

This. Bringing in money on a streaming basis will be pretty much ONLY for porn. There would barely be any watchers on places like Twitch and YouTube if people had to pay. That's where advertisers come in. They are the ones paying for the content viewers consume. I don't see this cycle being broken by any of the non-porn industries.

Read in Freenode #bitcoin that WebRTC exposes IP addresses even behind VPN, proxy...

Yes, but remember they are still in beta testing mode. You cannot expect this service to be 100% when it barely entered Beta phase.

A day ago, they had NO listings on their site or a index of streamed content, and a day later they had it up and running.  ;)

I am looking at the APP's potential for being a killer APP in future, not NOW.

If Periscope and Meerkat decide to go the same route, they might be a bit of competition, but for NOW they are unique. {Decentralized}

WebRTC is still in beta testing? I thought that had the vuln (like some other libraries in recent years), not Streamium actual.

Yeah, it's an issue with WebRTC.


IIRC, there isn't a solution for Chrome but you can disable some settings in FF to prevent it leaking your IP via STUN.

I don't know if it's going to be the killer app.
To be honest I kinda doubt it because:


Apart from that they clearly state that currently there are "known security issues".

If that turns off the kiddie fiddlers then I'm all for it.

It is too early to say that Streamium will be the killer bitcoin app in the future. I am not saying that we leave that possibility behind. Streamium has advantages that can possibly take it to the next level and be the best bitcoin app but it has also many shortcomings and weaknesses. For now only time can tell if Streamium will be the biggest Bitcoin App in the market but if it isnt it still not matters for the owner will still earn bigtime.

I guess they have done a facebook and can prove the streams are untappable. If so, they can sit back and watch the money roll in as all sorts of unspeakable things get streamed.

I have not done it yet. But I am thinking this again will be crowded by those who do live porns in webcams. Well there will be a lot of viewers specially men.
What else could you do live that could be entertaining to others? None except porn.
Are there rules here to which videos will be streamed or there will be no filtering the contents? I doubt that because it is live.