Let me put it to you in bold so you GET IT: As far as peer to peer transmission is concerned, there's NO DIFFERENCE, between live video streaming and video on demand. Get that or should I repeat it?
The original video, be it live or previously recorded, still has to be encoded just the same and, if made available -again: IN BOTH INSTANCES-, to different platforms, encoded in several resolutions.
It was explained many times in the last few weeks that in step one, in order to serve Flash clients and to start the service soon as it is possible, the jizzmo and streemo sites would have to use a hybrid model utilizing RTMP nodes. Streaming live is quite different than streaming video on-demand using RTMP servers.
Dev, I wish you luck.
Thank you! We also wish you find the coin, community and developers which meet your expectations!