I saw this example but have no idea where the bracket {} formatting came from, or the : in the middle for that matter. I know of the command line options but these only sort-of align with those.
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"#transcode{vcodec=h264,vb=800,scale=1,acodec=mpga,ab=128,channels=2,samplerate=44100}:http{mux=ts,dst=:8080/stream}"