If we can say that you're reading this, then I *think* we can say you are experiencing an encoding of streaming content. your experience is *of* the encoding process, live. I could say it's a recording, emphasis on the gerund, the *-ing*, because the verb "to record" is what's happening now, and that'd be true enough. "Recording" connotes the live action being in the past, and that's true but only by a sliver, not by any remove. It's more like the event is on the other side of the coin from you. You're feeling the event reverberate through the material you have in common with the event.
"This is a recording" as in "You are experiencing the difference between current recognition and prior recognition", or "You are experiencing your recognition adapting". Yeah, that's pretty good. "You are experiencing the adaptation process of your recognition."
Casual psychology: "When you remember, you don't experience the occasion again, you experience the last time you remembered the occasion." This is not the only way to remember. Another way (not *the* other way, just *another* way) is to remember the negative constraints by which the occasion itself was defined. "Remembering", in that mode, is then just looking back through the negative geometry like a portal. I'm writing this as a native user of that mode; it's how I work.
I'm not sure it's *not* how anyone else works, actually; it's possible that other beings remember what the moment did to the parliament of their internal observation, and it's possible that I remember what the moment did to the externally-represented parliament assembled, the room itself included as a member, the member that holds. Maybe memory is made by the one that holds, and maybe that boundary is one's own, like the borders and distribution of "self" are their own thing, the surface area of your recognition, different than the shape of what holds you. Some humans are held by a room, and they hold their internal assembly; some humans are held by their body, and they hold the room.
Different recordings, for sure, like a coin that lands three ways - heads, tails, heads reversed.