I don't know if you can archive video that way, DTube for example uses IPFS. EOS is supposed to incorporate IPFS for file storage, perhaps it would be easier to build an archive there. Having said that I seem to recall @dan talk about the block producers being able to take down "objectionable" content, this makes sense from a child porn type angle but if the authorities bring pressure to bear on the block producers for political reasons, you could end up in a similar boat to them bringing pressure to bear on the wayback machine operators I suppose. It's worth thinking about though.
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