DOA. Not paid to join like Steem did. Referral programs can be Sybil attacked:
https://lbry.io/faq/referralsRight there it tells me they don't appear to know what they are doing.
$1.2 billion marketcap? Why not listed on coinmarketcap? And what is the sign up rate (2000? but are those Sybil accounts)? Sounds like BS to me.
Can't find any info on how they plan to scale a PoW blockchain
It is proof-of-work I presume since they talk about ongoing token issuance.
No white paper!
Edit: it is based on Bitcoin block chain so I don't see how it can scale:
https://lbry.io/news/5-questions-about-lbryPerhaps they are not putting most of the activity on the blockchain. Perhaps they are putting only the tokens on the blockchain. Even so, it won't scale!
Ah they don't have a clue about social networking. Users change names like the wind. Names are not as important as the connections or links.
https://github.com/lbryio/lbrycrdEdit#2: they are praying for the arrival and correct functioning of Lightning Networks:
https://lbry.io/news/why-doesnt-lbry-just-use-bitcoinEdit#3: they do plan to give away tokens and
have a HUGE premine:
Currently, 250 thousand LBRY credits (LBC) are in circulation. Over the next year, that number will rise to roughly 80 million just through mining. LBRY Inc. has reserved 200 million for adoption programs, and we intend to deploy them widely over the coming years to give millions of users their first taste of a truly free market in media. There’s also another 200 million LBC split between a company reserve and charitable/institutional programs that might stay static for a while, but not forever.
But they are missing the
key design innovation of Steem.
