Very funny. 'I wouldn't waste your time' when you are wasting your own time and other investors time.
Some industry people want video to be standards based - but it isn't. Google has one solution (VP9), HVEC has another solution. Mozilla wants another solution. Destiny has another solution.
The device makers each have their own devices which include primary browsers using 5+ different standards. Firefox, Safari, IE, Chrome, Opera, and whatever else appears. Those are the primary ones in the EU and North America. Asia probably has their own standards.
Are you suggesting that Apple will drop its Safari browser for Chrome or vice versa all to be compliant with a global standard? Each company wants to fit into the standard for its own benefit, but deviate from the standard for its own benefit. Therefore, there won't be a global standard any time soon.
HEVC wants H.265 to be the global standard. Mozilla and others want something else.
Destiny's use of software for video has its own advantages over video codex encoded in hardware - that isn't really available yet anyway. It takes years to get all the manufacturers to agree on anything, then more years to implement that policy. All the while new opportunities arise that press OEMs to pioneer something new to set their product apart from the crowd.
Clipstream is adaptable - and intended to be universal because it uses an old - old - standard that everyone agrees on and implements out of necessity. So Clipstream is standards based because it uses Javascript which is an international standard. Destiny is just using Javascript in a new way.