The net is soooo ripe for a distributed replacement of Youtube, Facebook, Gmail, etc. Once upon a time those sorts of sites provided real value in hosting files, pictures, video and providing a well-known endpoint like gmail.

But now we have phones with 64GB of flash for canonical storing of files, p2p protocols for efficient transfer of files and distributed hash tables for finding files. Someone is going to come along with a distributed system that gains enough traction and just wipe all of these guys off the map.

To paraphrase the founder of RedHat, whatever comes next won't be the size of Youtube, it will make youtube the size of a bittorrent tracker.