this post was submitted on 04 Nov 2023
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Odysee is based on Lbry, so content creators can get crypto that is openly tradeable for regular money. So yes.
Anything that get even near crypto might make a lot of content creators think twice before moving. I know I would.
Which is really unfortunate because there are some actually useful, neat projects
I believe it, but crypto's reputation is forever stained by the shitshow that happened, and it won't change in the near future.
Which shitshow? Imo that's like saying the internet is forever stained by whatever "shitshow" there was. It's just a technology, there are good and bad applications
The GPU market being wrecked by motherfuckers that wanted to build crypto farms, the cryptocurrency scams, the NFTs, etc.
And the greatest problem of all with crypto is that it is a solution for a non-existing problem. The web worked fine without it and it proved to be way more stable than crypto ever could.
It's not a non-existing problem.
For example, I live in Russia, and the only way for me to support creators I like is sending them crypto. All traditional channels were blocked by sanctions; crypto can't be. Besides, it's irreplaceable for political activists and many other people who can be cut off funding on a whim.
I'm not a crypto maximalist saying Bitcoin should replace national currencies, but I understand the value and power of crypto. It does have its place in the world.
As for mining, primary reason for GPU market shitstorm (which affected me personally as a non-miner and gamer) was mining Ethereum, which has now changed its validation model and does not need any GPUs anymore.
Cryptocurrency scams and NFT bubbles are real, and I urge people to he aware of them. But it doesn't mean crypto should die.
Oh sure I'm not a huge fan of the GPU shortages, though very few crypto things need them anymore
Depends entirely on where you live and if you trust your government, but yes the USA and most Europen countries are fine in general. I personally just prefer anything that can be decentralized. That's why I'm on Lemmy, after all, haha
So no.
Depending on how you look at it. It's not perfect, but it is something, and it allows creators profits to scale up with the platform. I'd like if they'd get a choice between that and traditional payouts, though, and recognize Odysee/Lbry is not the final holy grail for hosting video content.