That's what LBRY used to be, but they sucked from day 1. I'm sure someone is already working on it, seems like such an obvious thing
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Wouldn’t it still be pretty slow and unreliable? I have to wonder why it hasn’t been done yet after Nostr has existed for several years.
It wouldn't be. Torrents can be faster than centralized platforms, whole serving better quality. I watch torrents while they're downloading all the time, never feel slowdowns, and usually they're done downloading before I'm even 1/3rd of the way through watching the content