I've never had a chance to use Dxtory beyond the extremely quick trial I had with it well over a year ago. I forget where it fell short at the time, but I believe it was in the desktop capture department or something like that that. I wouldn't mind trying to give it another go, but I've always used FRAPS (or have fallen back to it) because it's always come through for me when other recording software couldn't.
I've seen this used as an argument (or con) against FRAPS many times, and I've never fully understood it. I would be devastated if FRAPS ever lost the ability to split the video files, because when you record for any long period of time you're stuck with one gigantic file, and that is a pain in the D to work with.
If you're someone who's looking for specific parts of footage and trying to piece together a montage of sorts, loading hour long segments of video into an editor can be an absolute nightmare. When FRAPS splits up the videos files, I can review them all and delete everything I don't need, and it usually ends up saving me hundreds of GB worth of space.
I also prefer programs that are able to record to AVI because working with MP4 files usually isn't a lot of fun. I do need to do more research on this, and I would if I was forced to edit MP4 files only, but H.264 videos have something called keyframe distance (it may be called something slightly different in non-Adobe products). All video files may actually have this, and I'm not entirely clear on what the setting is or does because my experience isn't the same as what I've read in the past, but programs that record and encode directly to MP4 I'll assume use the bare minimum setting for keyframe distance, which, from what I understand, is why I don't like editing those files in Premiere or After Effects. They're just very difficult to work with in the sense that when trying to review what I'm working on it's difficult scrubbing through the timeline and actually seeing what I need to see; whereas, AVI files scrub very, very smooth and just make the overall editing process so much less frustrating.
I think what most people don't understand is, no matter what you upload to YouTube, it's going to be re-encoded again to suit YouTube's standards. You can upload a video that you spent 17 hours encoding with 7-pass VBR, a bitrate of 100Mbps, and takes up 100GB on your hard drive, but YouTube is going to crush that down to about 4Mbps for 1080p and that can easily reduce the quality of the video depending on the scene. Some scenes still look okay after YouTube gets a hold of them, but others do not, and there's no way around this for the time being unless you're either a super-fancy partner of YouTube/Google (not a regular partner) or operate a pay channel.
However, I'm always on the look out for new video recording software that rivals what FRAPS can do for me, and like I said, I wouldn't mind trying out Dxtory again. BandiCam is a close second, but it recently decided that it didn't like my dxNothing window with cross-monitor viewers on it using both DX11 and DX9, but again, FRAPS was able to record the same scene flawlessly without a hitch.
I'm also on the lookout for other sites that host 1080p (or better quality) videos at a higher bitrate than YouTube does and I'd be willing to pay a good chunk of money in subscription fees if I could find such a site. I found that Vimeo's pay-only 1080p is better quality than YouTube's, but they specifically don't allow video game footage on their site. Not to say that you can't find any video game footage on their site at all, but if I was to start using that as my HQ for uploading videos, I think I'd get shut down sooner than later. So, if anyone has any suggestions on sites that have high quality streaming, no matter the cost, I'm all ears.
Hopefully the game will change here near the end of 2014 or early 2015 when the VP9 codec becomes more widely available.
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