Then those who do upload are going to make some serious BTC in referrals. Which would inspire others to sit around in upload tedium in the hope of making money too.
Now you make it sound like SteemIT.Why would uploading get you referral commission? That can only happen if someone pays to download, but if even Kim Dotcom doesn't know what files you upload, how can someone choose to download it?
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As there are already lightning networks being played with, I assume this is similar in principle. But perhaps there is something super new. Regardless I don't really know how they'll get all these users on and off their side chain with the proper chain as it is.
I saw the presentation about it, and it looks promising. In short: Bob sending something off-chain to Alice through a third person. What it didn't explain though is why the third person would want to be part of it.I expect Kim Dotcom to create his own "offchain" wallets that can transfer micropayments to eachother, just like you can send payments to other users on many other sites (I'm mostly familiar with casinos, but maybe exchanges can do it too). If that's the case, I'm not sure what the implications can be. 4.5 months left to speculate
first bitcache is off chain and centralized.
Your summary is a lot nicer than my story 