I know you're not looking to spend more money, but I picked up an Elgato Game Capture HD to help me stream my extra-life campaign this year and it works great. Has DVR Functionality and records as long as you have enough HDD Space on your computer/laptop. If you look over in the GTA V Online thread I've posted some videos using it.
Of course I'm hopping the PS4 Built in Feature is easier/simpler and I won't need to use the Elgato much unless doing big walkthroughs/sports games.


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