just tested it and felt it's too unpolished. since i only managed a 50KB/s upload, i decided to try other people's file but it's behaving badly.
1. I took the same video and played it on chrome and ff. On FF the thing kept saying, "This file reached max downloads limit".
- I used a different IP and got the same error on ff. Loaded a different video and got the same error.
2. Video skipping does not work. Player's fault or your fault?
3. Video stream is too slow, however IDM can go till 500KB/s
Overall bad user experience. If its a site focused on streaming video then make it happen. But i see more files being uploaded than videos so that speaks for itself where this is going.