I fail to understand the hard correlation between a distribution platform and a transactional technology (blockchain). I also don’t understand how blockchain is supposed to keep track of what people publish.
Is blockchain supposed to provide some kind of DRM?
IIRC it’s for indexing, the blockchain stores references to the published content so it can be discovered and downloaded.
Blockchain is not a transactional technology. It’s a solution to the Byzantine General problem of coordinating decentralized consensus. It’s better to consider it as a kind of public, decentralized, append-only data structure and is thus well-suited to coordinating content publication. Unfortunately, fintech bros have thoroughly poisoned the waters by making it seem to people that blockchain is inherently financial in nature and overlaying all manner of pump-and-dump, greater fool, and rug-pull scams. Bitcoin et al are only volatile because people treat them like stock assets instead of currency, to say nothing of the many legitimate uses like FileCoin incentivizing IPFS hosting.
Blockchains aren’t inherently bad, they’ve just been overrun with fintech scam artists. They’re a tool (or more accurately, a data structure) and how people (mis)use them is unrelated to their inherent usefulness. In any case, blockchains based on commodities with inherent value like indexing and storage are less volatile because it’s harder to treat them like stock assets. Take FileCoin for instance, which incentivizes IPFS hosting - the only way to “mine” filecoins is to prove that you’re hosting IPFS files, thus they’re intrinsically linked to something with objective value. Exercise reasonable caution, but don’t dismiss an entire class of algorithms because some people misuse them.
People should develop a federated video hosting service. It will be expensive but I know the community can do it.
Doesn’t Peertube already do this?
peertube?
LBRY is worth looking into, it’s not quite federated but it is decentralized and based on blockchains.
You almost had me until
😉
deleted by creator
I fail to understand the hard correlation between a distribution platform and a transactional technology (blockchain). I also don’t understand how blockchain is supposed to keep track of what people publish.
Is blockchain supposed to provide some kind of DRM?
IIRC it’s for indexing, the blockchain stores references to the published content so it can be discovered and downloaded.
Blockchain is not a transactional technology. It’s a solution to the Byzantine General problem of coordinating decentralized consensus. It’s better to consider it as a kind of public, decentralized, append-only data structure and is thus well-suited to coordinating content publication. Unfortunately, fintech bros have thoroughly poisoned the waters by making it seem to people that blockchain is inherently financial in nature and overlaying all manner of pump-and-dump, greater fool, and rug-pull scams. Bitcoin et al are only volatile because people treat them like stock assets instead of currency, to say nothing of the many legitimate uses like FileCoin incentivizing IPFS hosting.
Blockchains aren’t inherently bad, they’ve just been overrun with fintech scam artists. They’re a tool (or more accurately, a data structure) and how people (mis)use them is unrelated to their inherent usefulness. In any case, blockchains based on commodities with inherent value like indexing and storage are less volatile because it’s harder to treat them like stock assets. Take FileCoin for instance, which incentivizes IPFS hosting - the only way to “mine” filecoins is to prove that you’re hosting IPFS files, thus they’re intrinsically linked to something with objective value. Exercise reasonable caution, but don’t dismiss an entire class of algorithms because some people misuse them.
And doesn’t have a realistic monetization mechanism for creators.
Except for their homebrew cryptocurrency that doesn’t have any signifigant value off the platform.
There’s no way to sell it for USD? Well that’s doomed to fail then