It's basically like purevidz but you can access it from your wallet, so there's no need for central website that can be taken down by companies or isp or sg-1 or interpol like in PV or other cases. For demo purposes, there will be a central site that will show filtered content, but once the wallets are complete, you can watch/listen/read/download/upload/request/fill-request anything you want from wallet (i.e. node) without a website and without any filters (or with if you want). Since it's out of control of the developer what you do with your own nodes, like the creator of torrents or tor he's not responsible and has no access to tell your node what to do, this crypto can be listed on any exchange including US ones like polo and bittrex. So no filters no takedowns once you can access it from your wallet. If you decide to host a website from your wallet/node, anyone could technically, you can choose what to take down or not on your website (also called gateway).
so there would be nothing to stop anyone from uploading the really bad stuff like snuff videos and the likes...
that's going to be bringing the wrong kind of attention to the project...
this isn't ethereum that's only faking decentralization, this is what decentralization is. you don't like some data, don't look at it, don't download it, don't link to it, show it to authorities if you want, go help real people if you want and not wage war on arbitrary sequence of bits that don't care. you have basically no right to tell anyone what their computer is allowed or not allowed to transmit. if you dislike crypto and decentralization, you can always use skydrive and myspace.
https://web.archive.org/web/20150813224631/http://bits.are.notabug.com/