this post was submitted on 19 Oct 2023
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91
The End of LBRY Inc. (odysee.com)
submitted 1 year ago by DuncanIdaho@lemmy.world to c/technology@lemmy.world
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[–] PeachMan@lemmy.world 76 points 1 year ago (3 children)

I'm seeing a lot of confusion. Here are some key takeaways:

  • LBRY Inc is shutting down.
  • LBRY (without the Inc) isn't going anywhere. It's decentralized, they literally can't shut it down.
  • Odysee isn't going anywhere either.
  • LBRY Inc is apparently being shut down for "violating registration provision in securities laws", whatever that means. I think they were handling crypto funds in a way that the SEC argued was illegal, and they lost in court.

Context: https://www.theguardian.com/technology/2023/jul/16/lbry-closes-odysee-cryptocurrency-tech-sec-fraud-extremist--

[–] jrbaconcheese@yall.theatl.social 32 points 1 year ago (2 children)

What are LBRY and Odysee?

[–] BarrierWithAshes@kbin.social 19 points 1 year ago

Youtube alternatives.

[–] devfuuu@lemmy.world 5 points 1 year ago

some web3 crypto bull stuff I think.

[–] sic_semper_tyrannis@feddit.ch 9 points 1 year ago (1 children)

I remember when the name LBRY changed to Odysee. I thought the name just changed. What's the difference between LBRY Inc, LBRY, and Odysee?

[–] dannoffs@lemmy.sdf.org 19 points 1 year ago (1 children)

Lbry inc was the company doing development, lbry is the name of their blockchain they developed, and odysee was a video hosting platform primarily for Nazis (and some nonproblamatic Linux enthusiasts) built on that blockchain.

[–] nanoUFO@sh.itjust.works 1 points 1 year ago* (last edited 1 year ago) (1 children)

primarily for Nazis

Oh I guess Louis Rossmann and Mental outlaw and others are Nazi's because they post to the platform/include it in their apps.

[–] dannoffs@lemmy.sdf.org 1 points 1 year ago (1 children)

I said "primarily", you even included that in your quote. Mental Outlaw is in that subgroup of nonproblematic Linux enthusiasts.

Its actually a bigger problem that the app includes rumble, which is straight up just fascist YouTube.

[–] nanoUFO@sh.itjust.works -1 points 1 year ago* (last edited 1 year ago)

Isn't Lock Picking Lawyer on rumble? I don't think a exact clone of youtube will ever be able to offer competition. People who aren't Nazi still like free speech and youtube bans people who aren't Nazi's or don't spread misinformation. You can literally have a lisp and get banned from youtube because the transcription bot thinks you said something bad.

[–] pewgar_seemsimandroid@lemmy.blahaj.zone -2 points 1 year ago

destroy SEC and replace it with something