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The End of LBRY Inc. (odysee.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 81 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--

[–] [email protected] 39 points 1 year ago (2 children)

What are LBRY and Odysee?

[–] [email protected] 22 points 1 year ago

Youtube alternatives.

[–] [email protected] 1 points 1 year ago

some web3 crypto bull stuff I think.

[–] [email protected] 11 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?

[–] [email protected] 21 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.

[–] [email protected] 0 points 1 year ago* (last edited 1 year ago) (2 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.

[–] [email protected] 4 points 1 year ago (1 children)

They said "primarily", not "exclusively."

[–] [email protected] -1 points 1 year ago

That doesn't change much of anything. Is Louis Rossmann a Nazi for giving a primarily Nazi platform a space on his app?

[–] [email protected] 2 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.

[–] [email protected] -3 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.

[–] [email protected] -2 points 1 year ago

destroy SEC and replace it with something