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submitted 8 months ago by wtry@lemm.ee to c/asklemmy@lemmy.ml

I know it isn't currently federated, but it seems like a good yt alternative atm.

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[-] wtry@lemm.ee 17 points 8 months ago* (last edited 8 months ago)

They (Lbry inc) are being shut down for their crypto-token things. They didn't have kyc and the sec got very mad at them.

[-] Asudox@lemmy.world 3 points 8 months ago

How dare they not collect personal information!

[-] Mubelotix@jlai.lu 3 points 8 months ago

To be honest it's not the main reason the sec didn't like it. It's because when the token was created, Lbry inc kept large reserves for them to sell later on as a way to monetize the whole thing

this post was submitted on 20 Oct 2023
41 points (97.7% liked)

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