Thanks @heimindanger. I was planning to start my video career at dlive and thanks God I did not. I read about Dlive via email and was in a fix. Thanks for explaining everything. Those who don't want to read the detailed post, at least read this:

We know that DLive has always been part of a larger project called LINO, which got funded in Febuary 2018 for $20,000,000 USD by a Chinese investment fund, on the concept of making a 'decentralized youtube'. Rings a bell?

So it all makes sense. They weren't trying to make money and pay for servers, or hire a team, and build a project. They already had all that. What they wanted to grab out of STEEM, was a community, while testing and building their UI. They already had $20M in bank, and slaved good-willed STEEM users to work for them for upvotes. They deceived Ned by making him think they needed money when what they wanted was attention. Their plan was to leave Steem, since the start of their project.

I've already shared the post with my followers and I hope it helps.