Well, what I actually said was, I'll let anything fly until it endangers my legal life, or financial life as the sole operator of the website. If I get letters from lawyers or law enforcement, the stream gets informed to stop doing whatever it is and if they do so, cool, if not, they get blocked from using the site.
I'm just a regular guy who made a website. Not gonna catch charges or fines on somebody else's behalf. So make your own content, don't steal other people's and you'll probably be fine.
Yeah sure that makes sense. But doing cover versions of copyrighted songs, so long as it's obvious it is someone simply covering a song in their own style, wouldn't have any legal implications would it?
Based on anecdotal youtube observation, that seems to be somewhat subjective. I don't think covers are an issue, but some artists and IP owners seem to. Your mileage (or kilometerage?) may vary.