I'm sure many of you on are fully aware of all the upcoming platforms which intend to utilise blockchain technology, however just in case you missed this one, i'll give you a quick run down.
Be one of the first to get online with what could possibly be the downfall of Youtube.
Much of the following content is taken from LBRY.IO.
I'm sure we'll have lots of very distressed people stating how I copied and pasted the content..........
Content Freedom
LBRY is a free, open, and community-run digital marketplace.
You own your data. You control the network. Indeed, you are the network.
Hollywood films, college lessons, amazing streamers and more are on the first media network ruled by you
LBRY In 100 Seconds
What Is 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.But behind that experience is an ecosystem that can be hard to understand at first – especially because we tend to refer to all the pieces and the system-as-a-whole as “LBRY”. (We’re working on clearing that up.)
It might be easier to start with what LBRY is not: it is not just another corporate media service like YouTube or iTunes or Spotify. It is first and foremost 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 this all possible is the blockchain technology developed by the founder of Bitcoin. Do you have to understand any of this to use and enjoy LBRY? No. Does it still matter to users? Yes!
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
address to an
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 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.
Now, 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. Can YouTube say that?
How does content hosting work?
Right now, it's simple: you host what you download.
While the LBRY app is running, it communicates to the network what content you're making available. If somebody downloads content from you, you will recieve LBRY credits (LBC) for that.
The prices are currently set by the app and can't be changed.
Sounds great - Show Me The Way!
So whats there not to love about this, open source, unrestricted, decentralised media hosting - What more could we want.
LBRY is still in it's infancy stages and has yet tofully launch, so to be one of the first to have access to this revolutionary new media platform get your email added to the sign up list here: