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RE: Thoughts After Registering for DLive and making my first Stream
By sacrificing some decentralization Dlive was able to zoom past this state that most of the crypto world is in, directly to a product that is going to be able to stand toe to toe with the 100% centralized competitor(twitch).
Dlive is a centralized product...period. Listen to the video linked on the following reddit post.
https://www.reddit.com/r/btc/comments/bbqr5o/why_dlive_is_probably_a_scam/
Yea, that's what I said. I watched the entire video. This guy just doesn't understand how cryptocurrency works. They have control of the token but the value isn't arbitrary its based on the token sale and whatever other money they pumped into it. You could say you don't trust them and that maybe they'll take your money and run(which would be stupid as they've just made an awesome business model) but there is nothing shady about the setup. Centralized, yes. Shady, no. Now if paypal has a problem with processing the payments of buying crypto, that could be an issue for them, but it probably won't be because it's centralized. For this sort of structure, that's a strength. Paypal will want to make sure you aren't scamming people and selling them something worthless, but they got investment from investors plus a token sale and used that money to back their Lino, and since it's not on an open market, they can guarantee that price.
The reason this is a good idea is because they can cut out all middlemen except paypal. No conversions except in and out. Normally there will be a ton of fees as people are constantly sending donations with credit cards. They will be able to do the entire business at a fraction of the price.
The problem I have with them is that they used shady tactics to get a user base. Took a big delegation from steemit inc and used it to pay themselves a salary even do they had a starting capital of 20 million USD from their private ICO (which they conveniently did not reveal). They are using blockchain as a buzzword...they control the sales of their token (they are the middleman).
Maybe they are succesfull in growing their site but I would not trust a centralized group of people that have shown to be underhanded.
You'll get no argument from me on that front. What they did with Steem was shady as hell, and I think for them, they are not even pretending to be in it for decentralization. Blockchain is purely something they're using to save money.