Just wanted to see if you guys were aware of WeTube. It is basically a DAC or decentralized application that will aim to be a replacement for YouTube. Is this something that could be built on top of Mastercoin? It's rather unique because the people who generate the Mediacoins (currency for the WeTube DAC) are going to be the people who are offering bandwidth for all of the videos hosted in WeTube. You can read more about some of the ideas for the DAC at https://github.com/wetube/wetube-web

There is also an IRC channel on freenode for it at #wetube

Does anyone know of a similar application that is already being built on top of Mastercoin?