LBRY / Odysee already there, but dunno why people never really talk about it. Including crypto folks & co. LBRY have a syncing tool with YT so people loose nothing by uploading on both platforms.
Maybe i'm missing something, i'm not a video content creator. But people will only move out of YT if they can find the same content elsewhere.
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.
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.
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.)
