Yep. The makers of the Bittorrent client (not the actual protocol) is made a livestream service. It is still in beta, however it's looking good so far. So what does this mean? (all of these aren't for sure, but I would want to guess this being true)
No movie/music stream copyright No restrictions with streaming porn
Keep in mind that this is still in beta and unlike livestream, there isn't an option to record your desktop unless you use third party software. They have a program for it, but it's only used for outputting your webcam or other compatible programs (like manycam). It is compatible for Windows, Mac, and Ubuntu Linux (I'm sure there is a way to make it work on other distros though)