Replying to Avatar Cryptozilla

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.
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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.)

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