This is possible with the new Opera browser. It turns your computer to a web server, which can stream videos to anyone you give access to WITHOUT uploading to a web site (which takes hours to upload and consumes much bandwidth). Unite is what is called (Although, I'm experiencing some disconnection with the computer your connecting to sometimes). I even rip my VCDs to mpeg using K3B, then convert it to MP4 using Kdenlive, then download it using a web browser to my mobile phone.
Cool!
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