Stake had been handing out huge contracts to major streamers to show themselves having fun gambling on Stake, particularly xQc and TrainwreksTV. These streamers would act as if they were betting with their own money, including getting into six figure bets, without being clear they were on a contract that basically made it all upside to them even if they lost millions. The audience for these streamers slants young, and that didn't sit well with Twitch advertisers, hence the change in policy.
Train et all didn't want their golden goose to end, so they worked with Stake to create Kick, with Train as one of the cofounders, and xQc and others pulling their audience over.
One of Kick's selling points to streamers has been to be a wild west as far as copyright and content goes. They quickly took in all the streamers too toxic for other platforms, including people who'd done things like film themselves committing sexual assaults on Twitch. They've encouraged people to restream copyright content like marvel movies, and even porn.
I don't know what the laws are like in Greece, but considering this free for all approach it's not surprising they'd run afowl of regulations somehow. Frankly it's amazing Kick hasn't gotten nailed by some sort of major anti piracy action, but I suppose being based out of the Seychelles complicates that for copyright holders.
In any case, the point is Kick is an aberration. It's way too toxic for mainstream advertisers, so the only thing sustaining it financially is Stake paying people to stream gambling on Stake.
I have no idea what you're talking about.
> i wonder how one can differentiate betting from investing
The biggest clue is how long you're going to hold ownership. If it's years, then it's almost certainly investing.
> A saying i usually repeat to people, is that in the future, i.e. in a handful of years, everyone will be a billionaire for fifteen minutes.
Wha? Wouldn't most people cash out? Then most people are billionaires permanently? How does this work?
Along the same lines what's the purpose of investing? It captures ownership of a company, for some time, or indefinitely. The presupposition is that said company, will be valuable in a year or 10 years.
Well as technology advances, everything becomes easier to produce, including movies, songs even car companies. The saying means that everyone will be able to produce something, which will gain big traction for a small amount of time. At that point he will be a billionaire, but someone else will produce something very similar, in fifteen minutes, and his ownership will go to nothing very quickly.
Not only better and better technology gives us more opportunities to compete with one another, but we become better at competing with one another regardless of technology. The edge one holds in anything such as making movies, making cars or what have you, gets smaller and smaller in duration. The timeline of the first mover advantage to capitalize on any gains gets shorter and shorter. In such a situation, copyrights, patents, IP, end up almost irrelevant.
P2P download of files did fall a lot in the last decade, i think a second wave is coming.