Soundcloud replacement! [700BTC]

[da2ce7]

Building a http://soundcloud.com/ replacement!

Soundcloud.com is a on-line music sharing/streaming/social site, but it sucks:  Unstable server, crappy download system, and extremely poor payment system.

I'm taking investment for the replacement music server using bitcoin for the payment system.

Some key features:
1.  Every track is streamed in ogg format.
2.  Every track is available for download in high quality
3.  Easy to donate bitcoin's to your favourite artists/uploader
4.  Easy OpenID integration

How will we make money?  Downloading music in high quality costs money:
A price / MB downloaded; people will pay for the download service, streaming tracks will always be free.
Also if this site becomes popular, many people will 'pay to be featured!'

If you want to invest or have comments say below.  

If you want to join the development team, please pm me!

Current Investors:

da2ce7: 500BTC
noagendamarket: 200BTC

[1715406640]

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[1715406640]

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[mitchy]

Already working on something similar since I'm rebuilding http://videodroid.org anyways and i have and own unused http://hip-hop.org

I'll catch you on facechat-twittertube asap bro!

[da2ce7]

Already working on something similar since I'm rebuilding http://videodroid.org anyways and i have and own unused http://hip-hop.org

I'll catch you on facechat-twittertube asap bro!

Cool, I do need a good developer.

[Anonymous]

Im in for 200

-because I was just on soundcloud and it sucked 

[da2ce7]

Investors!    this is totally a project worth helping out with.

[em3rgentOrdr]

Is this going to be open source so I can set it up on my own server?  What language will it be implemented in?

[da2ce7]

Not open source, this is a for profit venture.

However we are planing to code it in PHP, one of the key features it for it it be FAST unlike the slow soundcloud.com

Edit: we may open source it in the future, but atm I want to keep it closed source.  I am not a religious open/closed source person.  I just don't agree with copyright, so I don't even agree with GPL.
When it benefits me I open source, when it doesn't I don't.