Hi, one of the LBRY founders here. We appreciate you taking the time to look at LBRY and skepticism is the proper response to, well, just about anything, especially something that makes such extraordinary claims as LBRY. We intended a quiet beta launch and have honestly been a bit shocked as to how much trading there has been. I'd like to be very clear that we are not encouraging anyone to buy LBC.

However, to correct a few misconceptions:

• You can read about LBRY and how it works here: https://lbry.io/what
• All of the code is 100% open source and has been followed by a decent number of very intelligent people throughout it's 18 months and 6,000+ hours of development. You can view that all here: https://github.com/lbryio
• We've been very up front about the premine and what it's for. Remember, rewards beyond the hashing power necessary to secure the network is simply wasted electricity.
• There is no incentive for us to be corrupt. Over 20, very talented, credentialed, experienced people have put their faces on this project. Not just the team members, but experienced academics and people with far more to lose than anyone on this board. It is our reputations on the line here.
• If you think what LBRY does can be done top of Bitcoin, I do not think you understand LBRY. There is more here.
• We are not making a unique offering. We did not even pre-sell LBRY. Some of our users chose to sell their credits.

I am 100% agreed that there is absolutely no way LBRY is worth $250 million. I am also 100% agreed that you should look up and follow this project.