$ (LBRY) LBRY Credit / Odysee - In ongoing litigation with the SEC.

[7he47r0n]

I can't wait for a decision to be made. If the coin was pre-mined and an absolute scam or not a security, either way there's more options.
From Odysee being a platform where da gunt gets humiliated with pig grunts when he speaks to Odysee completely shutting down. Hope Ralph leaks those sick gunttapes where he records Odysee staff's shady business without permission. This mp3 arc will be uncharted gunt territory.

The digital remibi seriously reads like a tool to log every citizen to have even more control over their lives, not really a friendly position over cryptocurrencies. They fucking hate when their dissidents use crypto to cover their tracks.

You aren't cynical enough, my pickle friend. The Chinese, both the common citizenry, the fast-rising middle class, as well as the elites - all need methods of performing discreet financial operations, outside the strict boundaries of the law. That's the "beauty" of an authoritarian regime - no matter your place in the machine, you'll be grinded into dust as easily as anyone else.

 

[RickestRickCriminal]

You aren't cynical enough, my pickle friend. The Chinese, both the common citizenry, the fast-rising middle class, as well as the elites - all need methods of performing discreet financial operations, outside the strict boundaries of the law. That's the "beauty" of an authoritarian regime - no matter your place in the machine, you'll be grinded into dust as easily as anyone else.

In that country, everyone is a dissident.

 

[7he47r0n]

In that country, everyone is a dissident.

Not really. The more controlled a market is, the larger the black market becomes. And once really powerful people require a black market for themselves, the means of operating in one are openly introduced. For example, it was illegal in the Polish People's Republic to hold foreign currency, yet at the same time there existed an entire store chain where you could only purchase products using said foreign coinage.

 

[Kosher Dill]

Why is the United States government so hostile towards cryptocurrencies?

They're not, they love cryptocurrencies as long as you play by their rules, file your forms, do all your KYC, and pay all your taxes.

 

[WeWuzFinns]

As null pointed out in other thread LBRY/odysee is already getting journos smearing it and getting people in power ready to act. I love how bias confirming it is how they always go for the money and in this case it is crypto.

I seriously doubt that the owner's libertarian values will hold for long when ADL starts pressuring their personal banks and payment processors.

 

[Neigh]

The main FUD with Bitcoin is that people think 60k or whatever is too much and it's bound to crash. They look at it like a soufflé, a delicate little creature propped up to big-boy status with a lot of TLC and which may be on the verge of massive collapse at any point. The reality, I believe, is different. The comparison I hear a lot and which I am more and more inclined to believe is true is that there are fewer available BTC than there are millionaires in the world. The scarcity exists, the demand for instant online ungovernable transactions exists, and it's basically proven technology at this point. I believe BTC will hit over a million USD, sooner rather than later.

That is an impressive barrier to break and a lot of cryptos fail to meet it. I was an early adopter of ETH (bought at $1 and sold at $11 for necessities, rip) because I saw that it had contracts attached and that that provided a level of quality which would be adopted by the market. I was right.

What do you think about the allegations that Tether will crash Bitcoin if Tether is found to have nothing backing it?

 

[Null]

What do you think about the allegations that Tether will crash Bitcoin if Tether is found to have nothing backing it?

Bitcoin crashes all the time but it always recovers.

The US governing crypto will short term hurt BTC, long term hurt shitcoins (ESPECIALLY non-priv coins), and long term cause a huge spike in XMR.

Tether is an exchange trick, nothing more.

 

[Super-Chevy454]

Why is the United States government so hostile towards cryptocurrencies? China seems to have the exact opposite approach, even hinting at some points in time of wanting to include them in their banking systems. Right now they're working on their own digital yuan, and have been since at least 2014, and it seems that Bitcoin's recent surge may accelerate its introduction.

https://archive.md/QQooD

I guess the Federal Reserve also saw cryptocurrencies as a rival to its hemogony and as for why Xi the pooh embraced cryptocurrencies, maybe he think it's a way for China to be the global superpower.

 

[7he47r0n]

Could anyone point me to an article explaining the differences between various cryptocurrencies? I'd rather not just randomly browse through them, since I have a sneaking suspicion that a lot of them contain copy-pasted misinformation.

 

[419]

Could anyone point me to an article explaining the differences between various cryptocurrencies? I'd rather not just randomly browse through them, since I have a sneaking suspicion that a lot of them contain copy-pasted misinformation.

Look up individual cryptos you're interested in on CoinMarketCap, usually it'll give a fairly detailed summary of the majority of coins in the forefront of the whole market.

 

[MrJokerRager]

As null pointed out in other thread LBRY/odysee is already getting journos smearing it and getting people in power ready to act. I love how bias confirming it is how they always go for the money and in this case it is crypto.

I seriously doubt that the owner's libertarian values will hold for long when ADL starts pressuring their personal banks and payment processors.

Then its time to make their own banks and processors like Gab has done.

 

[KingCoelacanth]

Why is the United States government so hostile towards cryptocurrencies? China seems to have the exact opposite approach, even hinting at some points in time of wanting to include them in their banking systems. Right now they're working on their own digital yuan, and have been since at least 2014, and it seems that Bitcoin's recent surge may accelerate its introduction.

https://archive.md/QQooD

The US enforces influence through the dollar and economic sanctions. Crypto is a very easy way for entities to avoid US sanction and ignore the dollar.
China and Russia have also been stockpiling gold for this reason.

 

[Fslur]

The Ceo of Lbry (JeremyKauffman) is live talking about the lawsuit. He just said that the government won’t actually tell them how to operate legally just that what they are doing is illegal.

SEC sues LBRY prompting "save crypto" campaign

#SEC #LBRY #CRYPTO The SEC is suing LBRY over its crypto credit system prompting a "save crypto" campaign. LBRY CEO Jeremy Kauffman joins me live to explain ...

youtu.be

 

[Gay_Frog]

The Ceo of Lbry (JeremyKauffman) is live talking about the lawsuit. He just said that the government won’t actually tell them how to operate legally just that what they are doing is illegal.

SEC sues LBRY prompting "save crypto" campaign

#SEC #LBRY #CRYPTO The SEC is suing LBRY over its crypto credit system prompting a "save crypto" campaign. LBRY CEO Jeremy Kauffman joins me live to explain ...

youtu.be

So just like taxes?

 

[💗Bitchstopher Columbitch💗]

I'm putting this here because it's actually possible to earn money using this service.

https://www.zdnet.com/article/blockchain-based-odysee-keeps-your-social-media-content-online/

https://archive.md/ht1e3

If you want to put whatever video content you want online and keep it there without risk of it being removed, the Odysee platform will keep your content on the blockchain permanently.

Created in July 2020, video platform Odysee has grown its user base since its launch in December 2020. The YouTube-like platform hosts video content on the LBRY network. Unlike YouTube there are no moderators, and no safety filters for younger viewers – and the content remains on the blockchain permanently.

People forget - or do not know that once data has been added to the blockchain it can not be changed or removed.

Odysee is built on blockchain technology and ensures that its creators' channels can never be deleted. When a channel is created, it is recorded permanently in a distributed ledger on the blockchain.

While this seems like a great idea, it could have far-reaching consequences for some content creators years down the line – especially as attitudes change over time. Content creators might be saddled with stupid content that they very much regret as they get older.

Placing video content on the blockchain means that no one entity controls or can change it, making de-platforming impossible no matter how extreme, violent, or untrue the content might be.

Odyssee says that there are about 300,000 content creators on Odysee who upload a wide range of video content across topics ranging from informative to downright odd. Users can view any of the videos for free – unlike other video streaming platforms like Streamanity where the content creator sets the price to view videos.

Its press release in December says that the platform boasts 8,7 million monthly active users, however, Sitechecker reckons that Odysee.com gets less than 10,000 unique visitors per month to get a good result.

Odysee is built using the LBRY protocol which developers use to build apps to interact with content on the LBRY network. The platform's predecessor LBRY.TV has now been retired in favour of Odysee.

When users upload a video, they deposit a minimum amount of LBC (LBRY Credits) starting from 0.01. 0.01 LBC is less than a cent.

Content creators can set an LBC price to watch the video if they choose. Fans of the video can also tip the content creator if they like the video. Each video shows indicate how many credits they have earned for the creator.

The deposit to upload ensures that the content is registered on the LBRY blockchain and will become discoverable by other users.

Users need to have an Odysee wallet associated with their account, which is viewable once they are logged in. They can also use third-party cryptocurrency wallets to store their cash.

Earnings vary for content influencers. Odysee says that the amount typical influencers make varies, and creators "earn $100 per month all the way up to $5,000 per month" for their uploads.

LBRY Credits are not tied to the price of Bitcoin (BTC), but can be purchased via the app. You can also sell LBC at an exchange for cash.

Users can upload any video they want – which could lead to discussions about what should and should not be allowed and regulated – especially as international conversation around social media regulation is growing.

There are concerns that far-right, or extremist content will find it has a permanent home on platforms such as Odysee, with little moderation or takedown.

Odysee does have some general community guidelines – but its comment "We don't care what you post for the most part" could encourage posters to push the boundaries.

Guideline number 4 says "It's the internet, we get it; try not to be overtly abusive and nasty toward other users. This extends to continuously harassing other users, encouraging the slander and defamation of other users, and threatening or bullying others in videos."

Does this mean that users can occasionally harass other users? The guidelines seem to encourage people to step over the line.

Using blockchain gives users and creators more control over their content. Just like in a bar, users still have to adhere to some terms and conditions such as not inciting violence. They are otherwise are free to post and engage as they would in a public setting.

Odyssey's alternative to demonetization and deplatforming is delisting, whereby a user's channel and content remain, but cannot be discovered using search, browsing channels, or other tools. This allows the content to continue to be shared as desired.

Users can issue a command to delist their own content. Odysee itself retains the right to delist extremist or troublesome users. However, the content is not delisted from the LBRY network, but just from Odysee.

There is certainly a lot of interesting content on the platform – as well as the usual conspiracy theories and parody accounts.

Top accounts have hundreds of thousands of support credits, whereas other, less compelling, and downright dumb videos, have earned nothing. Will it become a refuge for extremists and nutjobs? Time will tell.

But for content creators, who want to earn LBC right now, and ultimately convert it into cash from their efforts – without a third party dictating how much they can earn – Odysee could be the platform for them.

 

[A Welsh Cake]

But now I can say nigger for a living,

Do I really want to?

 

[themasterlurker]

Defense Distributed hopped off of it for some reason, probably the furries on DD being autistic

 

[💗Bitchstopher Columbitch💗]

Defense Distributed hopped off of it for some reason, probably the furries on DD being autistic

Does that affect anything, though?

But now I can say nigger for a living,

Do I really want to?

Making a profit from being niggardly is nothing new lol.

 

[themasterlurker]

Does that affect anything, though?

They're reuploading to youtube and twitter, they are going full retard with this and are why adoption will never happen

 

[Mooger Meng]

I've been hearing this pushed on Jack FM and a few other radio stations lately, and all I can think is "Okay, so what's the catch?". There's no fucking way this is all above board.