It looks pretty impressive, however for these sites to be successful you need a good server and at the moment the max I can afford without any problems is a VPS. And while it could be enough for a low traffic site, if it gets too popular I'm not sure if I'll be able to monetize it properly so that I can afford to keep it running.
I'll keep this script in mind though as I plan to eventually add video sharing to one of my sites once it grows.
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