LBRY - Short and Sweet

in steemit •  7 years ago  (edited)

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LBRY

YouTube on the block-chain
The opensource BitTorrent of YouTube

Useful links:



What is LBRY??

LBRY - "LBRY is many components working together. For most users, it will just be a place where they can find great videos, music, ebooks, and more. A vast digital library available on all of your devices." -LBRY

A new protocol that allows artists to upload their content to a network of hosts (like BitTorrent) and set a price per stream or download (like iTunes) or give it away for free (like YouTube without ads)



What makes it good for the average Joe?

  • Artists will get paid in LBC (LBRY Credits currently trading on many platforms, I use Poloniex and its trading at 0.00028050BTC) 24 June 2017
  • Streamers will get 100% ad free content for a few cents that will go directly to the artist.
  • Shoppers will be paying less for content than on ITunes.


How it works

Screen-Shot-2015-09-18-at-12.14.58-PM.png



In Conclusion

  • LBRY is a digital media library.
  • It can store any kind of content and make it available at low cost on demand.
  • A shop for everything digital, from ebooks to video games to movies.
  • In a decentralized design
  • Awesome design, tech and business team backing this company

Put the customer first. Invent. And be Patient . - Jeff Besos



Credits

  • YouTubers in the the links(Who will be moving on to the platform I hope)
  • LBRY for the awesome page
  • Steemit for bringing it all together!
  • Jeff Besos for the quote highlighting the key factors to the future success of LBRY



*** I hope this was a nice summary of what LBRY is about, I didn't want to bore anyone with too much information but still capture the essence and still inform people of a truly great platform that I will be investing in and using in the future.

Feel free to leave any commentary and if you have a page that might be useful please share.

Keep Steeming!

The Yacht Guy


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Thanks, first time hearing about this.

I hope you enjoyed the read and it was somewhat insightful :)

Guys I absolutely love this project. It is a milestone allowing blockchain tech to go mainstream. Keep up the great work 😎

Agreed, stoked about it!

Im long LBRY. Keep everyone posted with updates. Put out a solid, good looking roadmap. I see a lot of potential with this, but there will be competition. I believe time is of the essence.

Competition will always be good, the users will get a much better project if there is competition :) and like you said, Time is of the essence @threat08

Thanks for this great post about LBRY! I mine it and I own some.

Brilliant, it seems great, what do you use to mine it, whats your setup??

NiceHash running on a GTX 750 ti. It sits right under the air conditioner vent, so it keeps nice and cool.