As of today, you can now find my videos on LBRY. I've been looking for an alternative to YouTube for a while now, and when I heard about LBRY, I thought it sounded like a great option.
I'll continue publishing on YouTube since it will give me a bigger audience and allow for more embed options, but I'll also be putting my content onto the LBRY blockchain.
As of this moment, I've only published the English and Spanish versions of the first episode of my STEEMIT EXPLAINED! webseries. But I plan to upload all of my original content.
What is LBRY?
I imagine there are many here who have never heard of LBRY. Or maybe you've heard of it, but don't understand it. Let me give you a brief rundown:
We don't live in a post-scarcity world. Maybe we never will. All resources are in limited supply with the exception of digital assets. Blockchain applications like Steemit and Synerio attempt to address this new reality by rewarding creators and curators without demanding any purchase or investment. It's a new and elegant solution.
LBRY, a blockchain-based video service, is also an answer to the post-scarcity digital world. From their website:
LBRY is the first digital marketplace to be controlled by the market’s participants rather than a corporation or other 3rd-party. It is the most open, fair, and efficient marketplace for digital goods ever created, with an incentive design encouraging it to become the most complete.
The LBRY team seeks to create a fair and user-controlled distribution network. Their network is different from other media websites in 3 ways:
- Coupled payment and access. A user can choose to charge a fee to view his/her content.
- Decentralized and distributed. Content is not stored on a centralized server, it's distributed across the network.
- Community controlled. No one other than the publisher can remove content from the blockchain. This prevents the kind of censorship that's becoming a big problem on sites like Facebook and YouTube.
Rewards and payments are made using LBRY Credits (LBC). At the time of writing, the LBC token is worth about 0.000145 BTC. That's close to 50 cents USD. Users can access LBC rewards through adoption programs. For instance, you're rewarded for your first stream, first publication, creating a channel, etc.
My 2 LBC...
I prefer using the attention economy to reward content, like how Steemit works. I don't want to start publishing videos on LBC that charge a fee to view. Paywalls of any kind discourage viewership. The platform itself also leaves much to be desired. But it's still a work in progress. I'm sure it will get better over time!
I would love to see a video platform similar to Steemit, maybe even built on the Steem blockchain. I don't the LBRY is perfect, but it's a step in the right direction!
Find my videos on LBRY under the channel SikeAndMeth.
~Seth
- Watch Steemit Explained! Episode 1 in Spanish.
- I'm celebrating One Year on Steemit!
- Check out the Fantasy Map I Made for my D&D campagin.
- Is Inequality Immoral?
