The VideoLAN Forums

okay, so basically....

i'd like to set up a url link i can send to people while i mix live music, so they can hear what i'm doing on the spot, musically.....

if i'm not correct, i've been reading that the VLC can read my stereo sound mix and stream it???

i hope this is as simple as it sounds, it would be amazing.....

Yes you can do a lot of things with vlc.
Give a try to this documentation http://wiki.videolan.org/Documentation:Streaming_HowTo
This document isn't up to date but you can do a lot of things with it.