Is Venice Sinking ?

The long awaited video service from the founders of Skype, The Venice Project, is sbout to go public.

I haven't seen it as yet, but it sounds like you have to download a peer-to-peer client. I'm struggling to see what it will add against all the other P2P services such as Kontiki that are well established; but no doubt they'll be able to sell the company for billions.

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