Bitcoin Forum

Hello everyone, I am new to this forum,

By searching on the internet and more specifically on this forum, I was intrigued and interested in the project LBRY, a project of decentralized video publishing platform, operating on a variable payment according to the contents and their creators via their LBC crypto-change.

I plan to invest in this project on this project in the medium and long term.

Do you think this is viable, knowing that the current court is about 6000 Satoshi?

Are there regular users of this forum who have followed this project and can give their opinion on the reliability and potential evolution of this project (and its currency)?

Thank you in advance and good evening to all!  :)

*Watching this thread, I have similar questions*

Some things to consider...

It's a mammoth task.

They only just started.

First impressions are it's 3 guys sat at a computer trying to compete with Youtube.

It NEEDS to have file storage baked in to be successful in my opinion. It doesn't.

They will probably need to couple with one of the file storage projects (Siacoin, Storjcoin), which themselves are mammoth undertakings, also still early in development. But there's no suggestion that they will be doing that.

People are storing less on local storage and more on the cloud and so LBRY is actually a move backwards without that.

Decentralized marketplaces have shown very slow and even stagnant adoption so far (see OpenBazaar)

There is very little information, roadmap, or dialogue.

Read https://www.reddit.com/r/IAmA/comments/50tyub/were_the_nerds_behind_lbry_a_decentralized/ for the whole host of problems presented to them regarding lbry:// addresses

Their responses seem to indicate they are making it up as they go along and don't have their sh.it together...

Total supply is 462,084,096 LBC so they are not as cheap as they look.

Once again, there is little concrete information available and all avenues seem to lead to their social media.

Red flags everywhere. Wish they good luck but Maidsafe will probably work before this does, and that's saying something...

3 guys take on Youtube :D

Yes, the STORJ needs to be sorted.

LBRY needs to happen.   But it only has to be a success in indexing and curating seeds, those seeds refer to cloud hosted data (another project area). 

Thanks  btbrae for taking time to respond to me
Actually it seems less interesting now, better to follow it a little further!

I am also following LBC in few days as I am interested on this project. After reading here I felt like their updates and developments isn't really that solid. I'll buy some few nonetheless.

yeah there is not enough transparency but the project is not bad, it's based on paying movie with the lbry blockchain which is not that bad, but the problm is always one, the dev are holding an enormous amount of coins, that could be dumped at any time and killing this coin, i don't like huge premine like this one

Blockchain storage is a stillborn.
It has no advantages over existing systems, zero, but a lot of disadvantages.
Complete and utter bullshit, all of those projects, you name them.

BitTorrent is as good as it gets.

Pretty good comments for their time. Fun to go back and see what was being said earlier.

The funny thing has been how much YouTube has done to discredit itself over the past years and how much progress has been made on the application meanwhile.

Also, aside from the LBRY Credit, how valuable this project can be to help protect free speech given that the entire internet is getting censored left, right and center.