"Theta’s innovation is set to disrupt today’s online video industry much in the same way that the YouTube platform did to traditional video back in 2005. One of our biggest challenges had been the high costs of delivering video to various parts of the world, and this problem is only getting bigger with HD , 4K and higher quality video streams,” said Steve Chen, Co-Founder of YouTube. “I’m excited to be part of the next evolution of the streaming space, helping Theta create a decentralized peer-to-peer network that can offer improved video delivery at lower costs."
Live video streaming accounts for over two-thirds of all internet traffic today, and it is expected to jump to 82% by 2020, according to Cisco’s June 2016 Visual Networking Index report. In the US, millennials between the ages of 18 and 34 are driving the growth of video streaming, and are heavy users of services like Netflix , Youtube, and HBO. Streaming video among this group has jumped 256% from an average of 1.6 hours per week to 5.7 hours per week according to an SSRS Media and Technology survey, and mobile devices are leading the charge in video consumption growing 44% in 2015 and 35% in 2016. The top five video streaming players in the US are Facebook , Google/Youtube, Twitter, and related properties, Live.ly and Twitch.
Being a crypto OG I'm biased and everything seems like BS until I dig into the code. After doing so I am assured that Jieyi Long is working hard to make this project a reality and as I dig into the code I can see the broader vision of Theta Token. He has a deep understanding of the idea that I've had for a decade. The amount of commits to Github seem to be speeding up averaging 3 a day since February.
"F@#k that I'm a trader.", you say? Well just follow this channel buy and sell in the dark areas set your stops to bail if it breaks.