The Loops app certainly feels like it. Not to diminish a solo dev doing something on his own, but it just seems like a standard video player with like, comment, follow. Search feature is only by user; when you type a comment, it doesn't wrap the text, it just moves horizontally until you post it. I think the feed is literally just a chronological list of every video posted, and for some reason, most of the videos I see on it are just like...atmospheric videos. Still camera, nature background, rain in someone's backyard. People love the concept, but I don't see how it's anywhere near ready to compete for users like other options are right now.