Seems interesting. Does it automatically download the app in question, and seed (to use torrent terminology, I don't know what it's called here) it to others? In that case, can it be used as a distribution channel also for stand-alone non-internet apps (e.g. single player games), and could such apps then be taken out of it to be distributed by other means, such as a USB memory, if needed?
Discussion
Basically yes. you can essentially think of it as a live, streaming torrent system. Best way to picture it, imo. In fact Mathias apparently built the streaming functionality into torrents that another team forked and used to make Popcorn Time, which i just learned watching an 8 year old video of his the other day. So that's essentially where this all originated from.
In that case, it seems like it could replace many centralized services, while giving us something technically better, if I understand it correctly. If the people developing such a service keep their hands out of the DRM, user-hostile, side of things, perhaps we could have something similar to a Youtube with automatic youtube-downloader, not as a workaround but as a part of how the system functions. A video "site" without the copyright strikes that has killed a lot of good content on YT. That would be awesome if it catches on.