What is LBRY?
LBRY is essentially a decentralized YouTube that operates kind of like Torrents do. It is still in beta mode, but to me it seems like it could be the next big thing when it comes to digital content distribution and monetization.
Just 70 Million Coins for 1 Billion or More Potential Users?
With just under 70 million coins in circulation, you have to wonder, what will happen to the price of LBRY coin when 70 million people, a fraction of YouTube's users, are using it daily? Better yet, what will happen when all 7 Billion+ people are finally on the internet?
So, Google owns YouTube, and the market cap for Google in the stock market is 674 Billion USD...
LBRY's market cap is currently at 55 Million USD.. So, let's say LBRY's market cap hits 10 Billion USD. That would mean that each LBRY coin would be worth about 143 USD. Considering LBRY coin is currently trading at 0.84 USD each, that's more than 143 times the price it is now. Time will tell, but this is a possibility to note.
Perfect Timing
I'm convinced that LBRY can scale hugely. People are looking for an alternative to YouTube due to the amount of ad revenue that has been stolen from the so-called "Fake News" distributors.
I personally want to be able to support the content creators I enjoy with more than just a "like" or "share." If I can pay a few cents to watch each video that they put so much effort into, I'd be glad to. Since YouTube has taken away their ad revenue, these content creators need financial support to continue doing what they're doing, not only that, they deserve it.
Blockchain isn't slowing down
One thing's for sure, the price of some of these "currencies" shouldn't slow down anytime soon. This might be one of the most opportune moments in the history of mankind, not only to become wealthy, but to become free from the money magic slave system that has been imposed upon us the past few hundred years. Get excited and stay patient/informed, cause we are in for one hell of a ride these next few years.
Blockchain is no rocket, it's a UFO. Just smile & wave boys :D To the Stars!!!
With Excitement,
Marco