I have a use case for a new blockchain/cryptocurrency that I think is cool. Feel free to take the idea from me and implement it for an ICO :)<p>I propose "whatcoin", a cryptocurrency designed to create a market for peer to peer media sharing based on the upload/download ratio model used by what.cd and other private torrent trackers to incentive seeding and penalize leeching.<p>The whatcoin "blockchain" has a catalogue of all currently available music on the platform, so it doubles as the tracker and transaction ledger. The catalogue can have multiple copies of albums sorted by the specific release and the quality (lossless FLAC, lossy 320kbps, etc).<p>So let's say you want to download a FLAC formatted 1988 MFSL release of Pink Floyd's Dark Side of the Moon album. You'll pay a specific amount of whatcoin from your own wallet based on the size of the files being downloaded, which will be distributed to the seeders you peer with. You'll also pay a network transaction cost.<p>The network transaction costs fund the "miners", or those who upload new, verified releases that are not on the whatcoin network yet. Those who upload the music are also strongly incentivized to continue seeding it, because they will be paid whatcoin <i>inversely proportional</i> to the number of other available seeders for the same files whenever someone chooses to download them. So the more exclusive the media is, the more lucrative it will be to host it.<p>Seeders will be paid for uploading media and leechers will pay for downloading media; leechers can then earn more whatcoin by continuing to seed the media they've just downloaded. Each upload/download transaction is recorded on the whatcoin network, and the greatest economic opportunity is available to those who can upload popular new media and then seed it very early on.<p>This proposal is similar to Filecoin, but you're paying to download new media instead of to store your own and retrieve it later. It also adds the extremely high fidelity media cataloguing that some private trackers have achieved. You could market it to the MPAA or RIAA as an "enterprise blockchain" the way banks are currently investigating it. The studios would be paid for new media they bring onto the platform, and indie artists could be paid for bringing their media onto the network instead of, say, SoundCloud or Bandcamp. If the media is popular enough then the original uploaders are heavily compensated and their hosting costs decrease over time, because there will be other seeders to maintain the media.<p>If large media firms didn't go for this immediately, you could try and take this concept and ICO with it. Then start competing with Bandcamp and SoundCloud to capture the indie market. With the ICO funding and notoriety in that space, try to take on the RIAA.