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Quote from Atuan 20fps is damn good for livestreaming if you're not paying them a dime.
Quote from iBurnout xSplit is what most people that stream on Twitch use. Works quite well.
EFF. I dont want to pay for it! Im cheap! I just want my friends to watch me play games!
This right here. I currently use xSplit and it works wonders.
It's currently free while it's in beta, but it'll have a yearly subscription once it leaves beta.