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> Back then, the web was a very different place. Flash was the only way to do live media and it was a mess.

Not sure why people are saying that. WebRTC is far harder to make it work. Peer-to-peer is a cpu black-hole-level hog

I maintained the Flash video player at Twitch until I couldn't take it any longer and created an HTML5 player. Flash was a mess. :)

is html5 video part of webrtc?

no, they are not related