- PewDiePie’s credibility is under discussion after shamelessly entering a rather questionable cryptocurrency project
- DLive claims to be blockchain-based but their proprietary currency has some major problems
- If you blindly trust everything Felix Kjellberg says, you need to reassess your priorities
Swedish digital influencer Felix “PewDiePie” Kjellberg is hardly short of money. But that didn’t stop the YouTube superstar from discarding a rather inaccurate cryptocurrency project via his channel this week.
A recent video “Drawings that will make you MAD!” Start with an advertising jingle that induces vomiting that even Kjellberg fails to achieve:
All you have to do is click on the link in the description to join. Wow. But Felix who BitTorrent? BitTorrent is the largest decentralized peer-to-peer file sharing network in the world. Powered by the TRON blockchain.
As Kjellberg himself explains, this “announcement within a video he added” exists to “celebrate” DLive joining the BitTorrent family.
For the context, BitTorrent recently announced that DLive will join its ecosystem. BitTorrent is owned by the TRON Foundation and its charismatic leader Justin Sun who acquired it in 2018.
So what’s the big deal with DLive?
Well, let’s take a step back for a second and take a closer look at the platform. DLive claims to be a decentralized streaming platform powered by its “cryptocurrency”, Lino.
Part of the charm of DLive is that streamers earn most of their earnings while blockchain stakeholders take a small cut. Unfortunately, there are two problems with this approach:
- Are the creators paid in Linen or Lemon or something?
- How exactly does DLive make money?
Linen is basically DLive’s own currency, which means there is no market outside of the platform for them. You can’t buy or sell on your favorite exchange because the only way they move is through a third party. Or in my case, not at all, because the system was apparently idle for maintenance:
I find it ironically ironic that they called the associated tokens “Lemons”. And as for how they make money, I will let this excellently researched piece speak for itself:
The only vaguely positive aspect of all of this is that Kjellberg’s motives are probably not entirely selfish. Everyone knows about Google’s subtle censorship and demonetization schemes.
As the video above explains, Pewds probably just wants a decent alternative to the slimy company he’s been in bed with for the past ten years. And as for the sponsor behind all this malarkey, Justin Sun is now expert in driving the TRON hype train.
I don’t trust PewDiePie and neither do you
At this point, I can’t understand why the PewDiePie fan club would trust everything this guy has to say. On more than one occasion, the “Internet sensation” erroneously claimed that it would abandon YouTube for greener pastures of the blockchain type.
More recently, he even announced that he would take a break from the platform in early 2020 for some much needed Rs and Rs, but this time really. I guess he couldn’t hold back on New Year’s day alone … and every subsequent day.
Go on air and publicly declare that:
DLive actually rewards you guys for engaging with creators that other sites don’t.
he is dishonest or completely ignorant. But hey, what do I know? Maybe DLive fans can use all those lemons to make digital lemonade.
This article has been edited by Sam Bourgi.
Last modified: 12 January 2020 18:15 UTC