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Dlive, a Controversial Blockchain-based Live Streaming Platform

What is Dlive?

Dlive (Dlive.tv or Dlive TV) is one of the largest and most controversial blockchain-based live streaming platforms. Dlive is powered by the Lino blockchain, on which you can build your own value-sharing content-based economy and promises that “content creators, viewers, and all other contributors are fully and fairly incentivized.”

Problems with Traditional Streaming Platforms

While traditional streaming platforms like YouTube and Vimeo have been popular over the years, content creators have been very public about their frustrations with these platforms and their administrators. These problems include:

(1) Higher restrictions and qualifiers placed on creators in order to monetize their content.

(2) Hidden algorithms that direct content recommendations to users are completely controlled by centralized platform administrators.

(3) Fewer rewards. The success and revenue of traditional video giants like Youtube are essentially built upon the content contribution of users and views of users. Although Youtube does reward content contributors with money, it is far from the value of what they have contributed and the centralized site takes the majority portion. And for the viewers, there are simply no rewards at all.

Dlive as an alternative?

DLive is “changing the whole game by putting platform ownership in the hands of the users through blockchain technology. The users of DLive are the ones that are rewarded for their contributions as the platform grows. It doesn’t matter if you are a content creator or viewer, your contributions are valued.” Dlive doesn’t take any of your earnings. Users get 75% of their earnings directly into their coin wallets and the leftover (25%) goes to a token pool for rewarding BTT Stakers.

At Dlive, the contributions of viewers are counted as a reward for viewer’s behaviors like watching, chatting, sharing content, etc.

As Dlive is a decentralized live streaming platform, users have total control over their accounts and are far less restricted in their scope of the content. Using sites such as Youtube means reliance on a “the third trusted party” that ultimately can reverse your decisions and have final control over your account and content.

The most famous example is the case of PewDiePie. PewDiePie is one of the most popular YouTube Channel created by Felix Arvid Ulf Kjellberg (aka PewDiePie) on Apr 29, 2010. It has more than 25 billion views and 104M subscribers. Felix Kjellberg was in the list of Time magazine’s “The 100 Most Influential People” of 2016. On Apr 09, 2019, Dlive announced “PewDiePie Forges First Exclusive Livestreaming Partnership with DLive”, partly due to frustrations at Youtube where it has unconstrained power over his content. In 2016, PewDiePie said that YouTube had contacted him over deleting his account.

Source: Youtube

Currently, the Dlive Pewdiepie account has more than 800k followers. Another notable Dlive account from a famous former Youtuber is that of political commentator Nick Fuentes(https://dlive.tv/nickjfuentes).

As more and more fake content makes its way onto the Internet, a major challenge of an unrestricted and decentralized platform like Dlive will be its ability to guarantee quality content and limit harmful or indecent content stemming from the dark side of human nature.

Dlive Tokens

The Dlive system leverages three basic tokens: Lemon, BTT, and BTT Stake.

Lemon is an internal token used within DLive platform for donations and paid subscriptions.

BTT (BitTorrent Token) is the basic token in the BitTorrent system. BTT is a TRC-10 utility token. typical Dapps that are powered by BTT are BitTorrent Speed, BitTorrent File System, DLive, etc.

BTT Stake – Like you deposit your money into a bank and earn the interest, BTT Stake is the “interest” of BTT for BTT holders as their staking rewards.

Competitors

Besides traditional competitors like Youtube, Twitch (https://www.twitch.tv/), there are other blockchain-based streaming or video platforms like Dtube.

Other information about Dlive

The CEO of Dlive is Charles Wayn who founded Dlive in 2017 on the belief that all rewards belong to creators.

Official Website: https://dlive.tv/

Dlive has Dlive Apps for downloading.

TRON Founder Justin Sun Offers Bounty Reward for Twitter Bitcoin Scammers

As distressed Twitter users scrambled to get a sense of the recent Bitcoin attack that happened earlier this week, TRON founder Justin Sun spoke up and offered a $1 million bounty reward for whoever was able to uncover the identities of those behind the Twitter mass hack.

The Founder of the cryptocurrency platform TRON and BitTorrent CEO was among the many big-name influential figures that saw their Twitter accounts compromised and used as a Bitcoin laundering platform by scam artists. Through BitTorrent’s Twitter handle, his leading software company that deals with multi-tech companies such as Windows, Android, Mac and more, the young entrepreneur announced that he will “personally pay those who successfully track down, and provide evidence for bringing to justice, the hackers/people behind this hack affecting our community.”

During the massive Twitter hack, the spam attacks demanding Bitcoin funds constantly kept surfacing on all handles, despite the spam tweets being perpetually removed as they rolled in and the security settings of celebrity accounts – set as a two –factor authentication process.

BitTorrent was quick to address the issue and warned its crypto followers at the time of the incident to disregard whatever posts, comments, and/or DMs from CEO of Binance – CZ, from Binance’s official account, from TRON founder Justin Sun and his TRON foundation account, seeing as they were all under widespread attack from hackers.

Twitter Goes Down & Sparks Reaction

Following the huge Bitcoin scam attack, Twitter stocks fell in just under 15 minutes, going from $35.60 to $34.70 during after-hours trading, which is a decrease of around 2.5%.

Many influential figures spoke up about the incident and were quick to criticize social platform Twitter’s way of dealing with the hack attack. Head of cybersecurity firm SocialProofSecurity Rachel Tobac said that she was quite surprised that Twitter did not go “completely dark to prevent misinformation campaigns and political upheaval.” The Bitcoin scam sneak attack was known to have also affected political candidate Joe Biden and former President of the United States, Barack Obama, among many others.

Another influential figure, Scott Melker, a former music producer turned crypto trader, spoke about Twitter’s tactics in dealing with the situation, and said that this was an example of why centralized platforms were not reliable. He said that there were “single points of failure that you do not control.” Melker was also unsure of how Twitter could tastefully handle this massive hack outbreak in a way that would appease its users and wrote on one of the last tweets he could post on his verified Twitter account before his platform accessibility was restricted:

“Imagine having the most powerful people and companies in the world all angry at you at once.”

Tron CEO Justin Sun Denies Allegations of Third-Party Celebrity Promotions of TRX Cryptocurrency

Media reports have surfaced accusing Justin Sun and the Tron Foundation of paying celebrities and influencers to promote Tron (TRX) and BitTorrent (BTT), the two major cryptocurrencies associated with the company. Tron Foundation’s Chief Executive Officer Justin Sun has publicly addressed the allegations that he and his firm paid celebrities to promote the digital currencies.

This comes at a time when the price of BTT soared by over 150% to a new all-time high last week. This has never been seen before of the cryptocurrency. As Tron came under fire by critics who were skeptic that the price pump of BTT may be associated with the fact that celebrities have touted it, Sun refuted the accusations, tweeting:

“There have been rumours lately of third party celebrities being paid to promote #TRON. #TRON Foundation is not involved in these activities. Nor is the foundation aware of the actors behind this. #TRON is used across a variety of networks and communities, many of which includes celebrities and well-known figures. Many of them have used #TRON by themselves due to its fast speed and low cost.”

In addition, Sun said his Foundation relishes transparency and will be obligated to disclose if any celebrity was involved with any promotions.

“TRON Foundation believes that transparency is key. If any celebrities are paid to promote TRON, we require them to disclose. In fact, we believe that all influencers who are shaping public and community opinions about public blockchain networks should publicly disclose if they are being paid,” he noted.

The involvement of celebrities either in the music industry or the sports world is not uncommon in the crypto space. Multi-Grammy award winner Akon is renowned for his crypto projects and his quest in establishing a cryptocurrency-powered city that will change the economic landscape of Africa. Floyd Mayweather and DJ Khaled also once faced charges from the SEC for failing to declare the payments they received in promoting investments in Centra Tech’s Initial Coin Offering, which was later declared fraudulent.

Sun’s clarifications may be geared towards averting a similar predicament as what Mayweather encountered.

Best Crypto Performers Amid a Bearish Week: BTT, ANKR, and DENT

As the global crypto market saw a bearish progression this week, BTT, ANKR and DENT stands as the best performers to date.

By and large, the entire market has experienced a huge dip in the past 7 days, and this is reflected in the global crypto market cap which has dropped from a high of $1.9 trillion to $1.66 trillion at the time of writing according to CoinMarketCap.

Bitcoin’s volatility, pressure, and counter pressure from both the bears and bulls respectively waded the bearish sentiment on the market as the cryptocurrency remarkably has a sustained 60% dominance on the market. Its fall therefore almost always has a ripple effect in the market.

At the time of writing, Bitcoin is undergoing some losses and exchanging hands at $52,863.56, down by 0.14% in the past 24 hours.

Despite the market dip, however, three altcoins BitTorrent (BTT), Ankr (ANKR), and Dent (DENT) showed an unusual resilience, rising above all odds to close the week with positive gains to this point. While other altcoins also have positive gains, these three stand as the top earners for the week-to-date period.

BitTorrent (BTT)

BitTorrent (BTT) is a relatively low-capped altcoin that is backed by Tron’s Justin Sun and finds relevance as a peer-to-peer (P2P) file sharing and torrent platform which has become increasingly decentralized in recent years. The coin is currently trading at $0.003278, up 0.72% in the past 24 hours and by 70.21% in the past week.

The BTT token has a good history of closing high amid market plunges and its low market cap of $3.2 billion makes it one of the best altcoins investors stacks up on.

Ankr (ANKR)

Ankr’s performance in the past week is marked by a 255% increase in trading volume over the past 24 hours, and its current price of $0.12 comes after a 23.35% daily increase and a 71.13% weekly gain.

Ankr offers a solution that utilizes shared resources in order to provide easy and affordable blockchain node hosting solutions. With a defined real-world product offering, the coin’s momentum might just be sustainable in the long term.

Dent (DENT)

Dent (DENT), the native token of dent wireless, a broadband service provider is arguably the best altcoin performer of the top 100 cryptocurrencies by market capitalization. The coin has amassed a 153.3% increase within the last 7 days, and though it is worth as low as $0.01006 at present valuations, it is trading up to more than 14,000% from its all-time low price of $0.00007049 attained a year ago.