The Secret of MIM!
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This week’s video discusses cryptocurrency as a form of voluntary wealth redistribution. YAY!
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Can you pass some my way? 
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This thread is starting to sound like a sales pitch.
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I’m not trying to convince anyone to do anything, I’m just educating people on a topic I have been learning about recently myself.
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Anybody want to invest in nanites or quicksilver?
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Welcome to the forum @CaptainZorg ! 
I am surprised someone hasn’t already set up an exchange on the Anomaly. Maybe HG can set up a server-lined room for it.
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With Sean’s teasing ways, the new “money” would be CrypticCoins
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I could easily make a NMS coin on Ethereum, but I don’t think enough NMS fans are into crypto enough to buy it
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Odysee is a website much like Youtube, but you actually get paid cryptocurrency for watching ad-free videos!
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If you did, it would need to be called Nanites.
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I’d like quicksilver better, since it’s a reference to Hello Games (quicksilver is a name for mercury, which has the chemical symbol Hg).
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Soooo… I assume they run mining scripts in your browser while you watch? Somehow I can’t imagine that to be veryefficient…
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I’ve been reading some fairly disturbing stuff about Odysee.
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Apply the “don’t follow the uncle who promises candy” rule? 
I cannot tell how efficient such a miner is, but that seems to be a new thing now: Someone recently used my company’s (free trial) distributed performance test on such a browser miner, maybe to gauge how many “victims” he could leech off simultaneously…
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Nope, users are not running the protocol; you don’t have to download anything to use it, it’s just a website like Youtube.
Other people are running the protocol on their computers and storing the videos (encrypted so they can’t use or steal them) on their hard drives. These “miners” (I prefer to called them validators) are the ones allowing all the transactions to take place and are being paid in the LBC coin as well.
Like I said in the video, the money that allows them to give crypto to both the users and content creators is from some users that buy the coins to donate to their favorite creators. It’s a new economy for video content creation that everyone benefits from.
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To hear it from the horse’s mouth, here is the CEO of LBRY being interviewed by a former news reporter on Youtube:
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Websites can run a ton of scripts in your browser. But as mentioned, crypto-mining would be extremely inefficient in such an environment. Waaaay too slow and no concurrency, so I was sceptical if that was really what they were trying to do.
Ahhh… so it’s a proprietary currency for a kind of distributed content system. Ok, that actually sounds like a cool idea, except I can’t quite see yet the need for a full cryptocurrency. You can do that just by using normal tokens. Unless you want to make tracking of content creators and consumers more difficult. And since we’re talking video content, that goes down a very dark hole very fast.
Don’t get me wrong, I’m not saying the platform owners have such intentions because I’m not sure I’m interpreting the system right, but if someone were to build such a platform with the main intention of anonymous producers and consumers, it’ll get used for mostly one thing before long… If at least producers are still clearly trackeable, it’s fine, then it’s just a distributed delivery service upheld by donations. But again, I feel like a cryptocurrency is rather expensive overkill to facilitate that.
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The videos are permanently stored on the blockchain, but they can easily remove the video from being visible on the Odysee website. They have said they will remove illegal content like porn, violence and terrorism, but they will not remove differing opinions like Youtube does.
That doesn’t prevent the system from being used for illegal porn, I’m afraid. If the videos themselves are in the blockchain, then the producers become untraceable (or at least very, very difficult to trace). Their website is merely a convenient access registry on which people may or may not publish their videos, but access to them can be granted in other ways. I personally would have serious moral issues with participating in developing such a system, to be honest.
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