What's in it for YouTube in this? It operates quite profitably without using blockchain to track ownership of videos and copyrights and who to send ad money to
I was just making an example that like an YT video, an NFT has value for content creators and can be the future of internet
Couldn't care less what happens to YouTube, hope something better comes along
The trend with this blockchain technologies is that single companies will have less power and control so they probably won't like it much, or will look for workarounds
But whatever happens for web3 probably most will have to adopt or stay behind
But that is the key question. Why would something else come along? You need backend resources for transcoding and serving. You need a search system. You need an ad system. And if you get big you need a copyright management system.
Progress just happens now and then, newer people comes to the ecosystem and change things to their liking. And in this case the blockchain invention is to big and disruptive to be ignored
Someone is working on a blockchain related system for all the things you said
And probably in the future no one will trust a company without some sort of auditable public blockchain ledger
> Alternatives come along everyday for varied reasons
But they don't stick. Simply being an alternative is not sufficient to make a service better and very few people care about the fundamental difference between youtube and some website that serves videos that are IPFS references.
> And probably in the future no one will trust a company without some sort of auditable public blockchain ledger
Why? What undesirable action would youtube take that is prevented by having them reference a blockchain such that you now trust them? The core things that people don't like about youtube are
1. Making videos and channels unavailable on youtube.com
2. The recommendation algorithm
3. Google remembering your browsing history and later serving you ads based on their profile of your interests
All of those still exist even if all of the videos are instead IPFS references.
Don't know why you so focused about YT. I was just exemplifying how the NFT could be the future of internet by comparing to YT video ecosystem. Not specifically on the future of YT. If anything it was a compliment. But if it improves or is replaced, don't care
> But they don't stick. Simply being an alternative is not sufficient
Tiktok clearly overtook a part o YT for younger people. And some big youtubers already double publish in other platforms
> Why? What undesirable action would youtube take that is prevented by having them reference a blockchain such that you now trust them?
Imagine a new video service appears that hosts the video normally, without IPFS etc, but tracks the user views/likes/dislikes in a public blockchain
Now there is someone with 1 million to invest in adverts. Will they do it on a platform where can validate the actual numbers, or trust YT word?
Not even sure if feasible, everything at the moment is hypothetical. But it will come
Couldn't care less what happens to YouTube, hope something better comes along
The trend with this blockchain technologies is that single companies will have less power and control so they probably won't like it much, or will look for workarounds
But whatever happens for web3 probably most will have to adopt or stay behind