Replying to Avatar arkinox

The problem is the token they are trying to push on both Odysee and LBRY, and LBRY is blockchain-based which is totally unnecessary. Content creators want to be paid with real money. At least on YouTube they have a chance at making ad money. We need a bitcoin-based YouTube alternative.
Avatar
Cryptozilla 2y ago

A blockchain-based decentralized YT is still better that the current one. Not perfect but better. And indeed if they only push their token, it's not great and I agree with you. They should at least provide stablecoins and an easy off-ramp.

Reply to this note

Please Login to reply.

Discussion

Avatar
arkinox 2y ago

I appreciate your thoughts. Here are some reasons why it isn't much better than YouTube, but for totally different reasons:

- a blockchain provides no trechnical benefit for a video hosting service. It's just VC buzzword fluff

- it is not decentralized (domain/web service is centralized, blockchain nodes are specialized and consolidated). Having the potential to be decentralized does not equal actually being decentralized.

- token conversion is a tax liability

- token puts earned value more at risk in volatile markets

- token introduces technical risks (defi hacks, wallet hacks, protocol hacks, etc.)