Well, at least your team is trying to do something new...
But I have the feeling it will stay vaporware...
At least in this "form". (looks more like a bunch of imprecise ideas put together)
Best of luck to you guys.
But just by reading this tread there is some major flaw.
(Almost) seem like you do not understand how BItcoin itself works.
The purpose of "proof of x" is not to generate money... It is to provide security.
You lunch the idea proof of bandwidth.
The idea behind it is simple: I upload stuff = I make money.
But reality is not simple as that.
Bandwidth in itself is useless.
What matter is the size - and arguably the speed - of your uploading.
I don't see how you start your project...
You talk about "mediacoin". At the start there is no mediacoin...
How do you create them? premine = people not interested
You cannot create coin using bandwidth...
For uploading (obviously) you need data.
1kB text or 2GB movie? whom? (+interest matter)
Then you need this data to be (ideally) on all node without exception.
Or create a more complex system where each node provide the data it wishes, and get pay by the guy who wish to have his data on you node and many node.
Honestly, at this stage, I'm not even interested to join your thinker team.
Come back in 3 month with something much more solid.
Then I'm glad to help.
Think that each mediacoin must have the same value than another.
Let say I upload a 2GB movie on a seedbox, then from a FTH client with another IP I download my own file over and over again, just to win more mediacoin.
Nothing block that.
What make your mediacoin have any value? nobody will trade your BTC for that.
Too easy to create your own loop and create mediacoin with your idea.
Beside if I wish to upload 10GB of valuable data to me in your network, why would anyone host it if there is no public demand for it?
People make no money seeding a file nobody DL, in your system.
in our project money is generated for bandwidth sharing and downloading/uploading content is always free.
It's absurd...
And your moderation/censorship add more problem that it improve any quality.
Really, come back in 3 month. Or a year... No offence.
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edit 6 days later: it keep coming in my mind that my comment was maybe a bit harsh.
I repeat: my point was not to offend. Friend here.
Best luck to your project. Need more idea in these fields.
That say: may I suggest your consider Proof of Upload? 'seem much more logical to me