Is a project that claims revolution in content delivery. It even has here. Let me throw some quick facts. • Current valuation of LBRY according to and is about 400k bitcoins or $250M 400 051 000 LBRY credits x 0.001 BTC • This valuation is about 30 Steems or 1/4 Ethereum or 5 Dashes or 12 Moneros or 25 Bitshares or 5 Storj or 7 SafeNetworks or 25 Sias.

• There is no paper that clearly explains technology and economic behind. Only slides in a blog. Our experience show that if whitepaper don't exist chances that a project will be successful are near zero. Dogecoin and Litecion are the only exceptions but to be honest we dont feel that those are examples of success. We don't know any revolutionary project without clear explanation. • Distribution is funny.

Over 99.99% of tokens. • 75% of tokens are claimed to be for charity and adoption. Stellar and Neucoin prove that unprovable giveaway type of distribution could not bring sustainable growth. 100% corruption will be there at your expense. • 25% of tokens are developers claim. • According to slides and Github this is a fork of Bitcoin Core. The only development is a simple client that get info from a blockchain using SPV about locations in DHT and is able to relay this information to other nodes.

• The whole technology is a name registry on top of Bitcoin Core. Plenty of Ethereum contracts can do the same. Namecoin, Emercoin, NXT, BitShares but without name auctions.

CPU and AMD GPU Mining for LBRY Credits (LBC). Initially LBRY Credits (LBC) mining was only possible with. Has a big fall and is the founder of this money That.

Even Steem can do this. Steem can do this in MUCH more effective way. Even Bitcoin what they did. This guys are selling an unfinished for $250 million without even explaining how peer-to-peer network will be motivated to persist data that it stores in DHT. I want to remember that we already have!

It don't need tokens. Hope that helps you pass through this 'unique offering' and save your money. My recommendation is to look and follow this project as a technology but stay away of this project as an investment. 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: • 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: • 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. • 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. Thanks for you thorough response. First of all my position is that I am not against any kind of blockchain innovations. Otherwise I support them as much as I can.

But I want to reduce a negative that I observe for almost 3 years in a community. Vast majority of negative come from unwise or fraudulent distribution that cause people loose bitcoins.

You can read about LBRY and how it works here: I read but I was not able to find any incentives. Only concept level things. 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. Sorry, but there is. You can discover history of Stellar and Neucoin. Maybe you realize that unprovable distribution is guarantied way to fraud first coming investors.

If you think what LBRY does can be done top of Bitcoin, I do not think you understand LBRY. There is more here. I don't think that LBRY can be done on top of bitcoin if a project will get a traction. And that is the biggest question. We are not making a unique offering. We did not even pre-sell LBRY.

Some of our users chose to sell their credits. Thanks for clarification of your intentions. That is make sense. I would like to discover your project deeper if a good technical paper appears describing rationale behind incentive structure of micropayment providers, data keepers and authors. Also would like to understand how are you going to provide transparency of giveouts. Everything technical issues you are trying to solve already has been solved by a Steem blockchain. Nexus NXS Mining Hash Rate Calculator. Your previous comment has been stored on a blockchain without transaction fees and micropayment channel hassles.

Technology behind is Graphene. Worth to look. Economical issues you are trying to solve can be solved by a simple auction plugin. Some coin markets guy rage quit the CCC as he didn't like this project being questioned. I also remember the CEO is some Bitcoin miner that quit my social media group a few years ago, before it became the most popular Alt coin group on Facebook.

Not the best judgment there, as now we are discussing if we will allow their content in our group like we do for STEEM. 250 million valuation for 6000 hours work?

That is way over priced. I think STEEM is way over priced as well though, so people are a bit disconnected from reality and what it takes to compete with legacy social media.

Anyway, I don't have any reason to believe this is a scam. Although Adam G (Nazi scammer) and coin markets people are not a good sign, even if they are just trading it and tweeting about it. LBRY is as high risk as they come, but many of us dream big here and have made money on discovering gems that at the time look worthless but become beautiful diamonds. STEEMIT is like that, but obviously with a team that has proven themselves with failures along the way. I will buy a little, but really I will be getting most of my LBR from mining and hosting.

If what they are selling is true then it will be very valuable. How many times do we lose out on potential earnings because we get stuck thinking our current favorite coin flavor is the best!

I do appreciate the public service announcement. People really do need to know the facts before spending time or money on a new unknown tech. I think immediately of the Miami convention several years in the past-where XPY(Paycoin) was the star of the convention.

At the time, I was a passive partipant in the XPY community-although, I purchased mining equipment from their GAWminers website and also participated in their POW stage. Therefore, the Miami convention was an excellent form of promotion for XPY. Of course, we all know what happened to XPY. At the same convention, Vitalik Buterin was promoting his Ethereum.

Unfortunately, Vitalik nor Ethereum was in my vocabulary. Therefore, his presence and his product was ignored by my person-and overshadowed by my affiliation with XPY. Had I channeled my attention to Vitalik and Ethereum at that point, I would have affiliated with the proper crypto-token and community.

In summation, XPY has expired and Ethereum is definitely a crypto-token designed for the future.

There is always a risk. Right now everything is down, it's a literal bloodbath. I would say use cash to buy coin, but only use what you can afford to lose. If you're going to buy the cards anyways, I would say buy 1 (I am no expert by any means, best to ask in mining subs, seriously) that way you can at least game and mine if you want to mine and game.

Then when you get more money, if you have a job (we don't know you haven't told us) you can buy another card if things look great. So make investment now while the bloodbath is on so you have a great foothold, instead of buying hardware that will take forever and a day to pay for itself and take forever to get results. Only spend what you can afford to lose, unless you are buying to actually use the card for an upgrade. I'm not an expert by any means, but this is the advice I see from the experts.