Some embodiments provide a video camera. The video camera includes image sensing circuitry for capturing a sequence of video pictures, a user interface for allowing a user to select a video encoding format from a temporally compressed encoding format and non-temporally compressed encoding format, encoding circuitry for encoding the video pictures according to the format selected by the user, and random access storage for storing video clips.Some embodiments provide a video editing application for a computer. The application includes a first module for (i) receiving video clips stored on the video camera and (ii) storing a first set of video clips that are non-temporally compressed on the video camera in a storage of the computer, and a second module for (i) transcoding a second set of video clips that are temporally compressed on the video camera and (ii) storing the transcoded second set of video clips in the storage.