Bummer! Also not available in the US. Hope they get on a proper exchange soon.

Long long ago I was using torrent to share files back and forth among people around the entire globe. If you wanted to join in and share movies or music, you had to volunteer to share some of the data yourself.

I remember the program grabbing bits and pieces of a movie file from many sources at one time until you had the entire movie on your hard drive.

This was certainly decentralized. The software ran on volunteer computers and did its job.

I have mixed feelings on this myself. FB is huge and could make crypto go mainstream if they succeed due to their size.

But I dont trust FB because of their lack of control with personal information.

I certainly would not use it if they succeed. But if it helps the crytpo community, then so be it.

Yes, I have been full time on YT for 7 years. They cut pay to millions of people so I founded DIY Tube to pay people fairly once again.

Using cryptocurrency allows us to pay people around the World without the fees, time delays and accounting associated with using Fiat currency.

We have been mining on the testnet for days now with no issues on our blockchain. Now integration with DIY Tube Video Community has begun.

Within a week we should have our blockchain and payment system for DIY Tube fully set up. Things are going as planned.

DIY Tube Video Community is soon going to be one of the highest paying video sharing sites in the world with payment in DIY Tube Coins for video views, comments and thumbs up on both.

We are also opening up to POW miners. I am a miner myself and love POW mining so we will be open for the first four years to GPU mining. But in order to reduce energy usage, we will switch over full to POS after that time.

We will have 4 million DIYT Coins for sale to Masternode holders once we launch our blockchain and open it up to the public. A masternode will require 40,000 DIYT Coins, valued at $0.10 each.

For those who are interested in purchasing coins ahead of time, you can go to our main website https://www.diytube.video and set up an account. Then you can enter your personal information and upload a photo id. This is required to comply with US KYC/AML regulations. Members who set up their accounts now can email the admin to be whitelisted for the sale admin@diytube.video

We are setting up a real time payment processor in the coming week for the immediate purchase of DIYT Coins inside the DIY Tube Video Community.

These coins can be used for self promotion of your video or channel or held in a wallet for masternodes.

Please see our telegram group if you have any questions.

Is this coin selling with any value on any exchanges yet? I am still mining and watching.

We are just wrapping up testing of our blockchain on the testnet. The next phase will be integration with our blockchain and the DIY Tube Video Community websites.

We hope to open up the blockchain to the public on October 10 for mining and masternodes. On that day we will mine the first block on the live network and immediately release the details here to the public.

We also hope to open up the sale of DIY Tube Coins for those who are interested in holding a masternode. When we are set up to sell DIYT Coins, we will let everyone know right here.

  Thanks. Please let everyone know

I combined some of the best points from sources I have used in the past to create DIY Tube, while eliminating things I hated about those sites.

The idea of rewarding not only content creators, but also those who write comments is original. I felt that comments contribute to the value of a community and should be rewarded as well.

By opening up our software to the public (blockchain first, later community software), we will also allow the community to help build and form DIY Tube. DIY Tube will be transparent to the public, unlike YT. You never know what is going on with YT unless they decide to tell you. My pay on YT fluctuates wildly and I have no idea why. They generally blame the content creator and give some vague answer when asked about problems.

We hope to have a team of volunteers helping to form and shape the community as we grow together. This will all be open to the public.

Not sure if you are aware of the harassment content creators suffer on YT but DIY Tube will not tolerate such abuse.

Also, as long as the content is clean and original, we are not taking any sides on political, religious or other views of the content creators. DIY Tube is open for anyone with any opinions.

We allow every person their time on the homepage. Each video shows up in the order it was uploaded. Unlike YT which has complex algorithms, which are not very clear.

Also a member has the chance to promote their channel or video onto the homepage using DIYT Coins. This gives people the chance to gain views and subs fairly.

By the way, I have been a full time YouTuber for 7 years. It became my main source of income. At one time I had 56 acres of land in upstate NY and a $1,500 a month mortgage. When YouTube cut pay to millions of members, I lost it all.

Then YT opened up to trolls and harassment and actually empowered them.

DIY Tube was formed in order to allow content creators to pay their bills once again and to protect them from harassment.

DIY Tube is here to decentralize the video sharing industry and reward content creators for video views and members for their comments. Information on our Crowdsale will be available soon.

As

The official ANN thread for DIY Tube Coins has been moved here: https://bitcointalk.org/index.php?topic=5200241.0

We have dropped the hot wallet. Now all rewards are divided between POW miners and POS masternode holders.

We will have a small premine in order to pay members of DIY Tube for the past two years of work and in order to sell masternodes. This will be our only way to raise funds. One time ever. No transaction fees. No blockchain percentages. It will all go to the miners.

It looks like we are two to three weeks from releasing the blockchain to the public.

Been working for me as well. You have to have your wallet open and active in order to receive payouts. I have received many payouts in a few days already, no problems.

Any updates or news on this coin yet? I started mining and collecting coins.

We are still working on the numbers for DIY Tube Video Community. It is hard to figure out how many coins we will need to pay members for video views moving forward while still rewarding miners and masternode holders.

Our updated numbers today are:

Rewards: Miners (POW) 30%, Masternodes (POS) 20% DIY Tube hot wallet 50%

Again, any input from the community would be greatly appreciated.

We are currently working on our own blockchain for DIY Tube Video Community and we would love to hear your input before we finish the programming stages.

We put the community and website first. This means that DIY Tube has a function first and foremost. Two years ago DIY Tube was born and has been up and running ever since. We have been constantly improving the functionality of our video sharing community during this time.

About a year ago we set up our automated payment processor with an internal virtual wallet inside the DIY Tube website. Every 24 hours members have received a reward for video views, comments and thumbs up on both. This is in virtual DIYT Coins, which have been a sort of IOU until our blockchain is done.

We were going to use ERC20 tokens but we prefer to have our own blockchain for stability. Nothing against other blockchains but having your own means you are not relying on the success of someone else.

The reason for DIY Tube Video Community is because I, the founder, am a full time YouTube for 7 years now. About three years ago YT cut pay to everyone from the highest to the lowest. This hurt some families and destroyed others. Since then YT has been reducing pay to channel owners constantly with no transparency at all. Also channels get removed suddenly, often without prior warning. DIY Tube is a great backup for your videos.

Also YT opened up to trolls and harassment, actually giving trolls power over channel owners for a while. A person was allowed to comment on someone's channel and then block them from answering - on their own channel.

DIY Tube Video Community protects content owner's from plagiarism, harassment and spam as well as freedom of speech.

The starting value of DIYT is set at $0.10 in order to offer a competitive payment to DIY Tube members for their work. The value and internal payment processor was based on YouTube payments of three years ago. Since YT has drastically cut pay since then, DIY Tube will be the highest paying video sharing site in the World once our coins hit the exchanges.

The need for a cryptocurrency instead of revenue sharing is due to the complications of paying people around the World. The nightmare of accounting and taxes would be near impossible to overcome in fiat currency. Imagine paying content creators in their various countries and currencies every month. Then sending them tax forms in their own language and legal speak each year. Cryptocurrency removes those walls and allows for ease of payment to content creators World-wide.

Ok, that was the background.

The reason for the background was to tell the community in advance the reason for some of our numbers.

We have to premine a certain number of coins in order to pay existing members of DIY Tube for their earnings of the past years. I am also a miner. I hate premine so I had to fight through this in my mind for a while now.

We are also going to have masternodes. In order to have a masternode you will have to hold 25,000 DIYT. This will raise funds for further development costs of DIY Tube Video Community moving forward. Part of the premine will be to raise coins for the sale of masternodes. DIY Tube has cost tens of thousands of dollars so far and we have some exciting updates planned for the future.

We will have no developer fees so the masternodes will be our only source of funding.

There will be a maximum supply of 249 million DIYT.

We will premine 2 million DIYT to cover the above mentioned needs.

The block reward is 50 DIYT with a 2 minute block.

This will provide us with about a million coins per month.

Now the main point of DIYT Coins is for payment to content creators for video views as well as for writing comments. Therefore a large amount of DIYT Coins mined each day must go into a hot wallet to be used for internal payments. Members can trade their virtual coins out onto the blockchain and buy/sell/trade them at will. The idea is for people who have been hurt by YT to be able to pay their bills again.

Having masternodes, we must have a way to limit the amount of coins rewarded to miners in the first month until enough miners are on board. Otherwise miners can get enough coins to hold a masternode just by mining.

We have come up with the following tentative numbers. We would love to hear your feedback on anything here today.

1st month - miners get 10%, masternodes 20% and DIY Tube hot wallet 70%.

1st year - miners 45%, masternodes 5%, DIY Tube hot wallet 50%.

After four years mining ends and we will move into POS.

Until the blockchain is up and running, these numbers are tentative.

Please let us know your thoughts.

Thank you.

DIY Tube Video Community
https://www.diytube.video

We are very excited to announce that members can buy and sell DIYT Coins now on the Ethereum blockchain. Till now, the DIYT Coins used inside DIY Tube Video Community were purely virtual. This has its advantages, which will be explained in a minute, but members need to be able to sell their coins or buy more for use inside the site.

Now DIY Tube Video Community members can sell their coins outside on coin exchanges. Our blockchain integration is now semi automated. We have a Solidity contract in place which allows us to trade coins in or out of the pool wallet. When a member wants to trade coins out, they enter the number of coins they want to see out and then submit this request. The request is marked as pending until the transaction is complete. The admin can either process the transaction or cancel it as needed. If processed, the member gets DIYT Coins in their Ethereum wallet and the same amount is deducted from their internal virtual wallet. If cancelled, nothing happens.

In the same manner members can purchase DIYT Coins on coin exchanges and bring them into the DIY Tube Video Community for use on perks or upgrades such as promoting their video or channel. This gets their video onto the homepage, increasing their coverage, views and also DIYT earnings.

This has been a huge milestone in the DIY Tube Video site. Soon our system will be fully automated, further reducing admin work and interaction.

Visit DIY Tube Video Community where everyone gets paid for doing what they enjoy http://www.diytube.video

Interesting. Please feel free to share your Facts openly. But just the facts please, no speculation or rumors. Thanks.

We are quite open to the World about everything on the DIY Tube Video Community.

You can visit our site here: http://www.diytube.video where everyone gets paid in cryptocurrency.

You can visit DIYT Coin site here: http://www.diytubecoin.com and learn more about DIY Tube Coins

Read our blog for updates and information: http://www.diytube.info

And of course our many social media accounts.