RE: CZ of Binance is talking about Steem and he doesn't even know it
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If you use them for hosting then yes, your videos are replaced by newer ones uploaded to the network after a year, not weeks. But you can use other centralized service providers like youtube, twitch, dailymotion etc. for hosting as well.
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Do they stay on the blockchain?
No, Steem only stores text on the chain. Dtube uses IPFS to keep videos decentralized.
Well that doesn't sound like what many are looking for...