elucido writes "OFF, or the Owner-Free Filesystem is a distributed filesystem in which everything is stored in reference to randomized data blocks, as opposed to a 1:1 copy of the original data being inserted. The creators of the Owner-Free Filesystem have coined a new term to define the network: A brightnet. Nobody shares any copyrighted files, and therefore nobody needs to hide away. OFF provides a platform through which data can be stored (publicly or otherwise) in a discreet, distributed manner. The system allows for personal privacy because data (blocks) being transferred from peer to peer do not bear any relation to the original data. Incidentally, no data passing through the network can be considered copyrighted because the means by which it is represented is truly random."
main wiki page
discusses a bit of what this means and how it might work as well. I've been saying that we need this for many years now, if only because we all have 10 gigs free on our machines and if we could RAID the internet we'd need fewer hard drives.