TV has, and continues to have, a major influence on all of us. But as we move further into the 21st century, TV is being replaced by streaming services and platforms such as YouTube, to not only entertain us, but to inform us. But what started out as a dating site in a garage, has fast turned into a multi million dollar platform. 

In this latest episode of Decentralize Me, we take a deep dive into the world of online video. 

“In October of 2006, after a battle between Yahoo and Google, Google acquired YouTube for $1.65 billion, netting the co-founders $400 million each. Fast forward to today, and the worldwide revenue for the fourth quarter of 2020 for YouTube was $6.85 billion.”

But if YouTube is a free video hosting platform, how did Google make this much money? By selling you and your data. But don’t content creators get paid by YouTube? Well yes, but they have to have a minimum of 4000 hours of watch time in 12 months, and at least 1000 subscribers, otherwise all ad revenue goes directly to Google.

And then there’s the issue of free speech censorship. Should tech companies be allowed to decide when and where to set boundaries around what content is shown? 

So what alternatives are there? Well, the decentralized video sharing platform we like best is Odysee, which is based on the Library blockchain - a public blockchain that provides a single shared index of published content as well as content discovery and payment.

“One of the great benefits as a user is that you don't get force fed advertisements from a big multinational and your private data is not being used to market products and services to you.”

To find out more about decentralized video sharing platforms, download and listen to Decentralized Me today.

On today’s podcast:

• How YouTube makes money for Google
• Data mining and the social credit system
• Why a centralized system limits free speech
• Odysee - the decentralized content sharing platform

Links:

• www.decentralizedme.fm
• Presearch
• Odysee