1. A method of operating a video system to generate and store encoded video comprising a plurality of key frames and a plurality of delta frames, the method comprising: capturing video data comprising a plurality of frames of a scene; selecting a fundamental view of at least a portion of the scene contained in the plurality of frames; generating the plurality of key frames from a first subset of the plurality of frames and the fundamental view of at least the portion of the scene; generating the plurality of delta frames from a second subset of the plurality of frames and the plurality of key frames; and transferring the encoded video for delivery to storage.