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A: There are many different cloud-based services out there these days, but they are all developed in a centralized manner. You have to go to YouTube to watch your videos, Soundcloud to listen to your music, and Dropbox or another proprietary cloud storage company to store your files. Bitcloud allows anyone to create their own cloud based applications in ways that improve privacy and prevent censorship. The increased decentralization of Bitcloud also allows for more competition in the cloud services market. For example, artists can get a bigger cut of advertising revenue when they post their videos on WeTube (a future Bitcloud service) rather than YouTube because there are no overhead expenses.
A: Cloudcoins are the currency of Bitcloud. They are mined by nodes who host all of the data stored in the Bitcloud network. [X NUMBER OF COINS] new cloudcoins are mined every [X NUMBER OF MINUTES], and they are distributed evenly based on the amount of bandwidth shared by each node during that period of time. Cloudcoins are also used to pay for the various applications on top of Bitcloud. Whether you want to purchase advertising space on WeTube or you need to buy some extra cloud storage, you will have to pay for everything with cloudcoins.
A: WeTube will likely be the first application built on top of Bitcloud. It will be used as a user interface for an online video streaming services, similar to YouTube. Artists will be able to upload videos to various Bitcloud nodes, and they can receive mediacoins from advertisements placed on their videos or other forms of media. It is likely that they will be able to earn a larger piece of the pie when uploading to WeTube rather than other options.
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