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Transparent compression layer on Linux?
(lemmy.world)
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Linux is a family of open source Unix-like operating systems based on the Linux kernel, an operating system kernel first released on September 17, 1991 by Linus Torvalds. Linux is typically packaged in a Linux distribution (or distro for short).
Distributions include the Linux kernel and supporting system software and libraries, many of which are provided by the GNU Project. Many Linux distributions use the word "Linux" in their name, but the Free Software Foundation uses the name GNU/Linux to emphasize the importance of GNU software, causing some controversy.
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If you want a live conversion and can't afford the >100$ it would cost to grab an ssd for a scratchdisk, you might also look into using vlc to grab the video stream from source camera, and encode it out to somewhere else, such as a webserver.
https://wiki.videolan.org/Documentation:Streaming_HowTo/Receive_and_Save_a_Stream/
You might also need a script to make sure it's always up.
Alternatively, there's a good chance that zoneminder will be able to do what you want with just a little tinkering. https://zoneminder.com/