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by klyrs 1887 days ago
I can't help but wonder how long this will last before their host / ISP refuses to do business with them. But I think the more interesting story here is the latter half,

> Another part of the company’s anti-establishment model is the creation of its own cryptocurrency.

> On YouTube, popular video-makers earn U.S. dollars. On Odysee, content creators earn LBRY Credits, which are digital tokens. Users can spend them on the website, as well as other apps, while investors can buy or sell the token on third-party exchange sites.

> That’s caught the eye of federal regulators. In March, the SEC filed a lawsuit against LBRY, alleging that the company sold big batches of its tokens to institutional investors and venture capitalists. The agency says LBRY is treating the cryptocurrency as a security - almost like a stock - but failed to register it.

1 comments

At present, the Commission leaves crypto entrepreneurs few good options: a) create a functioning platform with a native currency and wait for a dreaded SEC inquiry; b) go through a costly registration or qualification process with perpetual reporting obligations and annual six-to-seven-figure compliance costs; or c.) move to a different jurisdiction and don’t sell tokens to U.S. citizens.

https://cei.org/blog/lbry-cryptocurrency-prosecution-shows-s...

Not using YouTube is an act of political revolution against the United States government. People need to stop lightly crossing the ADL and SPLC's censorship regime and thinking they can get away with it without removing the corrupt oligarchs currently in power in the United States.