Been reading this thread and they are a lot of believers, a lot of people who are shooting the method down, And then there are the people that are lost and don't even know how to redirect a domain. For those who don't even know how to redirect a domain you need to find a simpler method, this is not nearly as easy as the OP makes it out to be, But this is a good method it is just a lot more complicated.
This is definitely a Method for People that have a little experience
the key to this whole method is to MAKE IT BELIEVABLE, Do not post things that you would not click on, Yes this will take a little more time but quality over quantity wins every time.
This is no different then ad building you want to make good looking ads that people are going to believe and trust.
I would never recommend uploading more than a few video's each day to any site, this is going to throw up red flags and get your accounts banned or your video's deleted,
So what i would recommend to start out on this method would be to put together one or two high quality ads (video's) a day.
Take the time to make an attractive watermark.
Do keyword research to help build your title, description and tags
Only using one site is not going to cut it... I currently use 90
I recommend starting out use at-least 10-20
Make sure you make a couple of variations to titles/descriptions when you are posting to several sites
when choosing video's to download try to pick popular video's they are obviously popular for a reason and make sure to pay attention to what tags and titles they used to make there video's popular, don't copy word for word but make it similar..
I also try to target video's that are short only 3-7 minutes long these are very popular i am guessing it is because guess don't want to waste there time watching foreplay they want to get straight to business. also by having short video's that leave's a open end for marketing add caption that says to see more visit
www.yourUrl.com (Example)
(also Small video's Upload faster)
Finally use automation as much as you can i use AVS adult, it has a lot of bugs but it works and is a lot faster than doing all this by hand. if you need a link to the software PM me
Sorry if this is not worded well i am in a hurry and just wanted to get this up before i got off the computer.
All in All this method works it, but there is nothing easy about it. So do not expect to upload 10 videos and get rich from them.