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.