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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 (9 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.

[–] 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.

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