'All big things in this world are done by people who are naive and have an idea that is obviously impossible.' - Charles Hamilton
It might be naive planning to excel YouTube with a decentralized video hosting platform within short time. However, if there was one feature able to kill it on steemit, it would be definitely a solution for video content.
Those who say it can´t be done are usually interrupted by others doing it.
SteemVideo - Why not?
Uncountable people have been writing about the idea of a decentralized video service for steemit during the past months.
Even two projects in practice were presented on steemit - what happened to them?
@furion with SteemQ and @steemrollin with SteemTube.
Lately there haven´t been any news on video applications to be build on the steem blockchain. Or did I just miss them?
Chances:
- TIMING: Perfect moment since the market leader YouTube is losing credibility.
- DEMAND: An invulnerable solution without censorship is highly demanded (s. point 1).
- MARKET: Low barriers to entry and strongly growing sector.
- POTENTIAL: Strongly growing community with high rate of early adoption.
Risk:
- INVEST: Capital needed to build required infrastructure (especially band width).
- KNOW-HOW: High level of development skills needed (blockchain technology)
- COMPETITION: There are already some players entering the market.
Who is already working on it?
Talking about competition... These are three of the decentralized video projects that have been already announced during the past weeks:
Livepeer - A Decentralized Live Video Broadcast Platform and Crypto Token Protocol
LBRY - A Decentralized Digital Library And Open Source Alternative To YouTube
Streamium - Decentralized video streaming using bitcoin payment channels
Please feel free to add others that I might have missed!
If somebody brought the money, I´d bring the rest! :D
Talking seriously... What do you think?
Would an easy access for video content creators bring steemit to the next level?
Would disappointed YouTubers and their powerful groups of followers revolutionize the platform and even the whole concept of decentralized social media? Could SteemVideo be the ultimate solution to their monetization and censorship problems? How do you evaluate the chances and risks of such an idea?
Looking forward to reading your thoughts :)
Marly -
Picture sources:
Title: pixabay.com; Animated GIF: MemeSuper.com