Nice concept it's Interesting, so basically it's like torrent which you can earn bitcoin by to be a uploader? The reward is based on mining share? Sorry for asking, I'm still confuse about the sharing reward.
Exactly. You earn Dollars by mining/hosting content. Later, those Dollars can be exchanged to BTC or USD.
Any user just need to install the Fibo Client, set the amount of storage space to be shared for Mining, and just wait for receiving files to be mined (Mining Spot).
The Mining Spots are given randomly, but the user can buy a permanent Mining Spot of a song, if you think the song will be streamed many times.
There are a limited amount of 20 permanent Mining Spots per song. Those, guarantee a revenue from any stream of that song, and can also be traded like stock once the song becomes trending/valuable.