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It's the bollocks man! Check out DTube. It's a part of Steem that uses IPFS to facilitate a decentralized Youtube alternative! What's rippin about it is that it's impossible to censor something once it's been uploaded onto the network. I think this is great news for people in places where certain ideas have been made illegal.

https://ipfs.io/

Just activated my DTube account. I haven't read up on ipfs yet, but your summary makes it sound most excellent ^_^