Library Credits

[Anonymous No.2370507]

WTF you not buying LBC, the one useful coin.

https://coinmarketcap.com/currencies/library-credit/

[Anonymous No.2370540]

>>2370507
I think there are going to be a lot more coins like this coming out in future; basically investing in a company to make a decentralized version of a currently popular website, it works because you get a massive kickstart in user attention, plus the funding to build the product, all at once

[Anonymous No.2370550]

>>2370540
And then it turns out that it's too expensive to actually use and the application doesn't really benefit from being decentralized.

[Anonymous No.2370602]

>>2370507
SCAM detected

[Anonymous No.2370619]

>>2370550
It will be less expensive, because no huge infrastructure and chai latte corporate salaries to fund, as in youtube.

Many services will benefit from being on a decentralized protocol. Gmail has built an extremely popular email service on top of the near-universal SMTP protocol that everyone uses to exchange emails. Anyone sending email with SMTP can communicate with Gmail addresses, no matter what email platform they use (Yahoo!, AOL, iCloud, etc.). Google can’t interfere with someone emailing from an @yahoo.com address to an @aol.com address – and users are free to switch between services at any time, taking their emails with them. Users have a lot of power in open protocols that is often taken for granted.

Compare this to a proprietary, centrally controlled service like Facebook Messenger. If you conduct all of your social communications via Messenger, you’re stuck in that environment – you cannot move your messages or contacts over to Google Chat or Skype. And if Facebook changes the way Messenger functions by censoring conversations or sharing your information with advertisers or governments, tough luck.

Even platforms that are ostensibly designed with the user’s control and privacy in mind are susceptible to corruption if they are centrally controlled. WhatsApp comes to mind. WhatsApp built a huge global user base claiming to put users above advertisers. Then Facebook bought it. Now users may well have their personal phone numbers and metadata mined for Facebook’s advertising algorithms.

There is no such risk of top-down corruption with a blockchain like the LBRY protocol. Content uploaded to the decentralized LBRY network remains publicly accessible so long as the community finds it valuable and continues to host it.

[Anonymous No.2370800]

>>2370540
god i love that picture - thanks dude

[Anonymous No.2371521]

>>2370619
the LBRY project is more than just a revolutionary new protocol. It is also a company, LBRY Inc., which is developing a LBRY app to allow users to easily interact with the protocol. So it’s as if Google had developed the email protocol, released it to the world for free, and then built Gmail to help people make use of it. Not only is our app completely open-source, but others are welcome to create competing apps that also use the LBRY protocol. For a content creator, your uploaded content will be available to all of these apps at the same time.

Do you see the difference here? YouTube can afford to push around its creators and users because they’ve created tremendous lock-in. LBRY is challenging this model from the ground-up. Everything we’ve built is open-source, decentralized, and belongs to the community using it. LBRY Inc. could go bankrupt tomorrow and the LBRY protocol will live on.

[Anonymous No.2371529]

>>2370800
yer welcome