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Dtube – A decentralized video platform using STEEM and IPFS

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Re: Dtube – A decentralized video platform using STEEM and IPFS

#21

Post by mmjaa »

RandomInteger4 wrote: post #12

Steem looked like an interesting idea, but your content lives and dies with the platform's whales, which are either insiders or a few people who believe in the platform. If the whales don't interact with your content, you're not likely to get much revenue. You voting power -- the amount you contribute to content you interact with -- is directly tied to your steem power, so unless you put money into the platform or ma…

>whales

Thus, the importance of community. We all yearn for a return to the era of community-oriented sites, built by enthusiasts and maintained by the life-force of real people, whose intentions are not commercial in nature but rather community oriented.

So, I look forward to the eventual retiring of this heinous term, "whales". It is the community that matters.

Re: Dtube – A decentralized video platform using STEEM and IPFS

#22

Post by synctext »

RandomInteger4 wrote: post #12

Steem looked like an interesting idea, but your content lives and dies with the platform's whales, which are either insiders or a few people who believe in the platform. If the whales don't interact with your content, you're not likely to get much revenue. You voting power -- the amount you contribute to content you interact with -- is directly tied to your steem power, so unless you put money into the platform or ma…

> Also worth noting that the whole steem platform on the currency end of things is completely centralized

This is a central Youtube-like clone it seems. I can't scale in bandwidth and has a central governance model.

Plus the coin is worthless: "The number of Steem available is set to double annually, making its supply growth exponential - a possible drag on its future value in the market" https://www.investopedia.com/news/steemit-disruptive-blockch...

"IPFS is cool, but there is no magic. Someone needs to seed the files, and your browser cannot permanently store huge files (local storage is limited to 50MB on most browsers), so seeding through the app directly is not possible as of today. " (https://steemit.com/video/@heimindanger/introducing-dtube-a-... thnx ForkLDing).

Disclaimer: working for 13 years on an academically-pure Bittorrent-based decentralised solution with my university lab.

Re: Dtube – A decentralized video platform using STEEM and IPFS

#23

Post by rebuilder »

synctext wrote: post #22
RandomInteger4 wrote: post #12

Steem looked like an interesting idea, but your content lives and dies with the platform's whales, which are either insiders or a few people who believe in the platform. If the whales don't interact with your content, you're not likely to get much revenue. You voting power -- the amount you contribute to content you interact with -- is directly tied to your steem power, so unless you put money into the platform or ma…

> Also worth noting that the whole steem platform on the currency end of things is completely centralized This is a central Youtube-like clone it seems. I can't scale in bandwidth and has a central governance model. Plus the coin is worthless: "The number of Steem available is set to double annually, making its supply growth exponential - a possible drag on its future value in the market" https://www.investopedia.com…

In this instance, heavy inflation might actually be a plus for STEEM. This is because it doesn't appear to be intended as a store of value, but as an influence market.

As far as I can tell - and I'm sure there's a lot I've misunderstood - STEEM is essentially a market for on-line influence. You gain STEEM for upvotes etc. and the more STEEM tokens you have (STEEM Power), the more influence you have in terms of who gets STEEM tokens.

Now, this sounds kind of pyramid-y to begin with, but without significant inflation, such a system would seem doomed to form an oligopoly of a few users who, by virtue of their "STEEM Power" would gain an ever-increasing share of the tokens minted, pushing everyone else out and probably killing the whole ecosystem. Of course, that may still happen even with inflation.

Re: Dtube – A decentralized video platform using STEEM and IPFS

#24

Post by synctext »

rebuilder wrote: post #23
synctext wrote: post #22

Earlier quoted context omitted.

> Also worth noting that the whole steem platform on the currency end of things is completely centralized This is a central Youtube-like clone it seems. I can't scale in bandwidth and has a central governance model. Plus the coin is worthless: "The number of Steem available is set to double annually, making its supply growth exponential - a possible drag on its future value in the market" https://www.investopedia.com…

In this instance, heavy inflation might actually be a plus for STEEM. This is because it doesn't appear to be intended as a store of value, but as an influence market. As far as I can tell - and I'm sure there's a lot I've misunderstood - STEEM is essentially a market for on-line influence. You gain STEEM for upvotes etc. and the more STEEM tokens you have (STEEM Power), the more influence you have in terms of who ge…

> Now, this sounds kind of pyramid-y

Unlimited money creation is never sustainable, history shows. An online attention coin can't change economics. The future of television probably is not build on a high inflation economy or destructive hyperinflation. https://scholar.google.com/scholar?q=high+inflation+~economy

Re: Dtube – A decentralized video platform using STEEM and IPFS

#25

Post by mihaifm »

rebuilder wrote: post #23
synctext wrote: post #22

Earlier quoted context omitted.

> Also worth noting that the whole steem platform on the currency end of things is completely centralized This is a central Youtube-like clone it seems. I can't scale in bandwidth and has a central governance model. Plus the coin is worthless: "The number of Steem available is set to double annually, making its supply growth exponential - a possible drag on its future value in the market" https://www.investopedia.com…

In this instance, heavy inflation might actually be a plus for STEEM. This is because it doesn't appear to be intended as a store of value, but as an influence market. As far as I can tell - and I'm sure there's a lot I've misunderstood - STEEM is essentially a market for on-line influence. You gain STEEM for upvotes etc. and the more STEEM tokens you have (STEEM Power), the more influence you have in terms of who ge…

Just curious...how do they implement inflation? Do they just double everyone's wallet every 2 years, or do they introduce the new coins through mining?

Re: Dtube – A decentralized video platform using STEEM and IPFS

#27

Post by 7ero »

rrcaptain wrote: post #17

Would this not run into the copyright issues most other distributed hosting networks run into? Especially since it allows directly monetizing the content.

Most likely, it will. But since it's decentralized, it would be hard to enforce copyright.

Re: Dtube – A decentralized video platform using STEEM and IPFS

#29

Post by Kequc »

jwildeboer wrote: post #28

Interesting idea, but unfortunately (and as expected) full of antisemitic and „new world order“ conspiracy stuff by people that claim YouTube is censoring them.

Why is this a bad thing, let people post what they want to. Also if someone says YouTube is censoring them why wouldn't you believe it?

Re: Dtube – A decentralized video platform using STEEM and IPFS

#30

Post by ppbutt »

jwildeboer wrote: post #28

Interesting idea, but unfortunately (and as expected) full of antisemitic and „new world order“ conspiracy stuff by people that claim YouTube is censoring them.

Don't you think some of that could be perpetrated by Google, to sabotage competition? Same thing plagued Vidme, but the thing is - you can find the same stuff on YouTube - it's just more diluted by other content.
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