Downside is you have to have a computer that is always on, connected, and potentially unusable for other purposes when transcoding. In my case it's a Acer Revo HTPC connected to the living room TV.
The use case that this would be useful for is if you don't want to worry about having a local media center at home and relying on your home internet connection to do the streaming (also Streem offers social integration, aggregated list of movies/TV shows to browse, etc.) :).
I think the aggregate location to find free content online is a great angle to pursue. Create a nice couch interface like YouTube Leanback and I think you're onto something.
I use AirVideo on iOS and it is flawless, but would like to find something similar for Android.
There's also an app for Samsung Smart TVs that I use a lot.
In fact this Streem looks a lot like Plex's web interface that I already use.
The best way is to compare it to Dropbox -- Dropbox : USB :: Streem : Plex
I normally download TV-SD releases, so I don't have too many issues at home. What I am watching now is currently reading data at a rate of 300 kb/s. I just checked the TV-HD version (which is at 720p) and I'm getting around a 1400 kb/s read rate.
Now, Can multiple devices (same login) stream at the same time?
Additionally, we have a completely free collection of movies/TV shows aggregated from Sidereel, Hulu, Netflix, Amazon, NBC, etc. At the very least, you can use this as your one stop to browse all the movies/TV shows you can stream through other services (for free, or if you have their subscription), receive recommendations, track with friends, etc.
So does that also mean you have to store every file? or more like iTunes Match where if the file exists on the server, everyone gets served the master, instead of storing duplicates from millions of users.
You don't really have to answer that. it's not an end-user concern.
I don't mind it, just put it upfront that I'm not getting anything in exchange for my email address. Thought I get to try out the product but I'm just on a waiting list.
Then I'm asked to share/spam it, something that I have not tried/vetted, with my social circle?
I'm very interested in the service, just tell me upfront you're only collecting emails for now.
Part of what I love about Plex (which has worked great at home; not so much remotely) is that it aggregates a lot of online video sources inside the app. This looks to do about the same. Very cool. Best of luck to you guys.