In November 2019 I was reading a few things about anarchy ... on Twitter. Coincidentally I came across a tweet from PigDev talking about a platform called LBRY, I think at the time he was syncing his YouTube videos. At first glance I thought it was an alternative to open source YouTube, which moved me.
I read the "Frequently Asked Questions" section on lbry.com (practically the same where I am now) and the truth is that it promises a lot. From the beginning, it called itself a "Popular Market", because it allows all content to be supported by users, rather than a corporation.
Get to know LBRY the new cryptocurrency that is coming to revolutionize the way of sharing content on the web. ... In this aspect it is very similar to other cryptocurrencies such as LiteCoin or Ethereum. Furthermore, LBRY is a decentralized content distribution platform.
LBRY was born in May 2015, it is a blockchain-based platform that gives users a large library and a decentralized market, the idea is that it be as independent as bitcoin. Its creators are believers in the ideal brought by Satoshi Nakamoto such as Jeremy Kauffman, Michael Zargham, Josh Finer, Mike Vine, etc.
LBRY wants to offer a world library with multimedia content, books, movies, songs, videogames, etc., all controlled only by users and who are the only ones who decide on its content, and who can modify or delete it at their discretion, They will collect your winnings, without intermediaries. In summary LBRY is basically designed to eliminate the gap that exists between creators and end users.
LBRY is a digital media library at your fingertips. You can store any type of content and make it available at low cost. In a few years, LBRY can become your one-stop-shop for everything digital, from e-books to video games and movies. An application to rule them all, but still leaving more power in your hands because it is decentralized by design.
What exactly is LBRY? Is it a protocol, an application, a website or a company?
LBRY is and will be a place where we can find great videos, music, e-books and more: imagine a great digital library that is available on all our devices. But under the hood, LBRY has many components working together.
First of all, LBRY is a new protocol available to everyone as it allows anyone to create applications that interact with digital content on the LBRY network. Applications created with the protocol allow creators to upload their work to the LBRY host network (like BitTorrent), set a price for streaming or download (like iTunes), or give it away for free (like YouTube without ads). The work you post can be videos, audio files, documents, or any other type of file.
Traditional video (or other content) sites like YouTube, Instagram, and Spotify store their uploads on their servers and allow viewers to download them. They also allow creators to earn money through advertising or other mechanisms. However, there are some well-known drawbacks, especially for people whose material is perceived as unsuitable for advertisers.
LBRY aims to be an alternative to these sites, allowing publishers and their fans to interact directly without the risk of demonetization or other intrusion.
How is LBRY different from IPFS or BitTorrent?
IPFS and BitTorrent suffer the same problems:
Lack of monetization. Neither BitTorrent nor IPFS innately supports payments to publishers for content or data that they create and publish online, while LBRY does.
Without identity . In LBRY, posts can be issued authoritatively and verifiably using a cryptographically secure identity.
Incentive problems. BitTorrent and IPFS rely on people to be generous with their own resources so that data remains available. LBRY creates market incentives to make data as extensive and available as possible.
How does LBRY COPPA and content target children?
Some video publishing platforms, such as YouTube, require you to explicitly designate your content for children, with the threat of fines and / or legal penalties if you do so incorrectly. This article covers how LBRY covers these things.
Are creators legally or otherwise required to designate children's content on LBRY?
No. While you have the option to tag your content for kids or kids, there is no specific requirement to do so. Whether you tag your content or not, you will not be penalized by LBRY or the United States government if you do not properly designate your content in this regard.
You should be aware that improperly tagging your content can result in negative weighting or filtering, especially if adult content is not tagged.
Why do creators have to do this on YouTube, but not LBRY?
YouTube's parent organization Google tracks user activity on the Internet, regardless of age. Because Google offers targeted ads to these users, this triggers a legal requirement to try to avoid targeting children. Google chooses to satisfy this requirement by holding creators accountable.
In the case of LBRY, all users must state that they are of legal age to create a lbry.tv account. Users without lbry.tv accounts are not tracked and targeted. Additionally, LBRY does not carry out targeted advertising that Google does.
If you are a YouTube creator concerned about COPPA changes. How can you get to LBRY?
LBRY has a YouTube partner program that offers rewards, syncs your content, and only takes a few clicks to sign up.
What you earn
Depending on the number of subscribers you have on YouTube when you claim your channel, you will qualify for different grants of LBC, the coin that powers the LBRY network.
Receive up to 2 LBC (0.06 USD) per view of verified lbry.tv accounts. These reward amounts may change at the discretion of LBRY Inc.
Follow LBRY
You receive additional rewards for building an audience, starting with your first follower and continuing through multiple levels.
What is the LBRY YouTube program?
LBRY offers an easy way for YouTubers to republish their content on the LBRY network, interacting with LBRY users and earning LBC. This program is available to new and existing LBRY users; installing or using LBRY is not a prerequisite for syncing your channel. LBRY provides a one-click sync process that gathers the channel and video metadata (i.e. covers, thumbnails, etc.), creates a channel for you on LBRY, and posts your videos to it. Creators are eligible for monthly LBC rewards if they have more than 1,000 subscribers.
To sync your existing YouTube channel with LBRY and learn more about the show, go to lbry.com/youtube. https://lbry.com/youtube
LBRY is offering 2000 LBC to any creator who wants to make a video on this topic.
a comparative video between LBRY and another platform
Make the video. Whatever conclusion you come to is fine (i.e. there is no need to speak well of LBRY) as long as you don't actively express anything wrong about LBRY.
Post it on LBRY and the platform you're comparing to. Add the #lbryvs tag (you can also add #lbryvsbitchute, #lbryvsdlive etc.)
Tweet on @LBRYio and the platform you are comparing to with a link to the video and using the same hashtag (s) mentioned above. If you don't use Twitter, you can send an email to [email protected] with a link to her video and a screenshot of you posting about her elsewhere.
How does the company behind LBRY make money?
The LBRY protocol has a built-in digital currency that allows it to function called LBRY Credits (LBC). These credits are very similar to Bitcoins. Having a built-in digital currency creates an opportunity for a new type of business that has never existed: the first protocol company. LBRY Inc. has set aside 10% of all LBRY credits to finance continued development and provide profit to its founders. Since the credits only gain value as the use of the protocol grows, the company has an incentive to continue developing this open source project, and they can do it all without taking a percentage of anyone's transactions.
The LBRY credits have already bubbled, and the LBRY team ignored it. LBRY is real software with a live blockchain and thousands of active users. LBRY's goal is to increase the long-term value of the protocol, which if adopted globally will make the aforementioned 10% much more valuable than any short-term bubble.
How is LBRY different from YouTube / Netflix / Apple TV?
In contrast, LBRY is a decentralized open source protocol controlled by its users. LBRY provides a similar experience to services like NETFLIX, YOUTUBE, APPLE TV, but it does it in a totally decentralized and censorship resistant way. LBRY can never arbitrarily remove the platform, demonetize, or change the rules on publishers or consumers, making it much more reliable.
YouTube, Netflix, Apple TV and other similar services are centralized platforms controlled by a single corporation. These companies have the ability to change the rules at will, demonetize content, and even censor content to appease governments or corporate partners or advertisers. These companies do not offer transparency in their source code or content search / display algorithms. Many creators have been heartless and out of business overnight.
How is LBRY different from "decentralized" websites like DTube OR BitChute or others?
There are a number of differences between LBRY and any specific platform, but there are two vital differences common to all of them:
They all still have a single centralized control point, usually their website.
They are all based on the assumption that a single entity will continue to act benevolently all the time.
In the case of LBRY:
You can access and use LBRY in a truly decentralized, peer-to-peer manner. Through LBRY Desktop, anyone in the world can access the LBRY network without depending on LBRY Inc. servers or machinery.
If LBRY ever turns evil, all the code is open source and anyone in the world (well, mostly nerds) could develop and release their own version with minimal effort. Hundreds of people have contributed to LBRY, the vast majority as volunteers.
Anyone in the world can run their own version of lbry.tv or make their own LBRY app, completely separate from us and without our permission.
How does LBRY benefit content creators? Can I earn money using LBRY?
If you're making money from your YouTube videos right now, you're likely familiar with the recent controversies over "demonetized" videos for containing content hostile to advertisers. It's no surprise that YouTube caters to advertisers because that is ultimately their main source of revenue.
LBRY is not an advertising media service. In fact, it is not even a traditional media service. LBRY is an open protocol that allows you to publish your content on the network at no cost and allows you to set a price for transmission or download if you wish. Because LBRY is a protocol and not a corporate store, there is no approval process for content to be listed, and there is no authority that can "de-monetize" your videos. That is between you and your audience.
With YouTube monetization, creators earn a variable amount based on viewer engagement with ads. There is no set formula, but we have found a reasonable estimate of around \ $ 2 per thousand visits. This works for a penny for 5 views. So at LBRY, if you charge just a penny per view (a price any viewer would pay without a second thought), you can get 5X the earnings per view you would get from YouTube instantly!
Furthermore, you can share content of any kind: video, music, e-books, images, podcasts, all on the same platform.
With LBRY, the price is entirely at the discretion of the creator, and 100% of that price goes to the creator. Compare this to iTunes fixed price levels and 30% commission on each sale.
How is LBRY different from decentralized cloud storage like Sia or Storj?
Decentralized cloud storage companies are intended to be replacements or analogues to Dropbox,
Sia and Storj are doing great things by decentralizing cloud storage, but in a way that is very, very ... different from LBRY.
LBRY is designed to do one thing and one thing right: discovery, access, and (optionally) purchasing digital content. LBRY is not a place to back up your private personal photos, it is a place to post something if and only if you want others to be able to discover and access it.
Being designed from the ground up for a highly specific purpose, LBRY can offer a better experience and move faster than attempts to create a similar system on other decentralized platforms.
Is there a separate wallet?
Yes, visit Coinomi to download your excellent and easy to use wallet. You can also use the LBRY or lbry.tv desktop app simply as a wallet.
For more technical users there is
electrum - ELECTRUM clone for LBRY. Supports multisig and LEDGER too.
lbrycrd, a complete blockchain node very similar to bitcoin.
HOW to mine LBC?
Library Credits (LBC) are drawn over a 20-year trial work period. Block rewards increase every 100 blocks by 1LBC, peak at 500, and slowly decrease.
LBRY mining is dominated by the GPU and FPGA market, and CPU mining is not considered to be economically viable at this time.
LBRY provides mining assistance through Discord Chat https://discord.com/invite/Z3bERWA
How to mine LBRY (LBC) with Nicehash on Luxor? https://medium.com/luxor/how-to-mine-lbry-lbc-with-nicehash-on-luxor-89ae1280d339
Is there a mining pool?
Obviously. Here are links to some of the pools. Each group has different instructions on how to join and configure. LBRY Inc. does not officially run or endorse any pool.
Luxor
SuprNova
CoinMine
Blazepool
zPool
AHashPool
Zerg pool
NiceHash
Is LBRY open source?
All the code LBRY has written is open source and MIT licensed. You can access it on GitHub. https://github.com/lbryio?_ga=2.126782669.1504239112.1592492168-1332605326.1592492168
Learn more about the technologies at lbry.tech. https://lbry.tech/?_ga=2.126782669.1504239112.1592492168-1332605326.1592492168
What content can I legally upload to LBRY?
You can upload legal content that you own or have obtained permission to use, as long as it does not infringe the rights of others. This includes public domain content, Creative Commons or shared open source content in accordance with license requirements, and copyrighted content where you have permission from the owner.
1) The content is yours, you have permission to publish it, or its public domain / fair use / license allows reuse. If reuse is allowed, the original source and any other licensing rules must be followed.
2) The content is correctly tagged, especially with adult content. Do not abuse tags that do not belong to your content.
3) The content is not illegal in your jurisdiction.
Failure to follow these rules may result in your content / channel being leaked and the ability to earn rewards will be revoked.
How do I create a channel?
Open LBRY
Click on the cloud with an arrow pointing into it in the top right corner.
Select New Channel in the dropdown menu.
Once your name is selected, there is a Deposit section that is below. It requires a minimum bid of 0.00001 LBC (see more on deposits here). Please ensure that you have enough LBRY Credits in your wallet to cover the bid amount. There is also a small network fee associated with the creation of a channel.
Click Create channel once you have entered your bid amount. You now own lbry: // @ channelnameyoubidon (the vanity name without a claim id) if you are the highest bidder.
How do I customize my channel?
First, you need to access your channel from your Publishes page by clicking on it.
You will now see an edit button next to the name. Click the button to proceed to the edit page.edit1
You can now upload your thumbnail and cover image to spee.ch using the upload option from the dropdown on the left, or you can use an existing URL. If using spee.ch select the file, then click the upload button. The page will update once a valid URL is available.
Add your title, deposit (can stay the same, higher helps with discovery), website, email, description, and tags.
Click Submit.
How do I delete my content and reclaim my deposit?
Click on the Publishes tab from the rightside of the app.
Select the content you want to remove from LBRYContent
Click on the Delete icon.
There will be two options. Delete this file from my computer and Abandon the claim for this URI. Select the option that applies. Abandoning your claim will release the LBC back into your wallet (99% of the time you want to select this).
Warning: Deleting content is permanent. Please make sure this is what you want to do before confirming the deletion.
Click Remove. If you abandoned your claim, you should see the deposit back in your balance shortly.
How do I edit my existing published content?
Click on the Publishes tab from the right-side of the app.
Select the content you want to update.
Click Edit.
You can now edit your claim information. No need to re-select the file if it's the same one or has the same url.
When you are done, click Save.
Where can I get more information about the technology behind LBRY?
For complete technical information on LBRY, including an interactive play area to learn more about how it works, resources on how to contribute to the project, and much more, visit Lbry.tech
thanks for reading have a great day ??
