Buffering. We all hate that word. Here is a little video by Youtube channel Computerphile, where two Googlers working with Youtube, share some awe-inspiring insights on some fundamentals of Youtube.
For instance, any Youtube video, once uploaded, is then stored in dozens of different file formats, and different video qualities. Google also maintains redundant backups of each copy of the video. Wow.
Watch the video. Be inspired!

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