Topic: [ANN][LBRY] Open, User-Controlled, and Decentralized Content Marketplace/YouTube (Read 8752 times)

Best thing that can happen for LBC token is for LBRY co to just close down, burn all the rest premine, and make LBC same level of decentralization as BTC in some ways.... that is the right and only way forward!

Good news following the latest court announcement. Hype seems a bit overexaggerated but quite the daily pump:

Worst possible news for LBRY, they lost. Next steps to be announced soon.

https://odysee.com/@lbry:3f/secvslbrysummaryjudgementruling:a

Not LBRY, but very relevant:

The big drama in theory is that by the end of the week there has to be an answer to the LBRY/SEC case or else it goes to trial, starting a week from now, is my understanding. Someone correct me if I'm wrong. So there could be huge crypto news breaking any day.

In the mean time, MintDice dropped a third in depth article regarding LBRY / Odysee:

How To Support LBRY/Odysee (Free Speech Maxis Unite)

There's so many random things that could happen as a result of the case that could be discussed. The only certainty as I understand it is that if either side loses, an appeal is going to be filed meaning never ending drama.

I suppose the hope is that LBC becomes more available and more widely used.

I love Odysee, maybe after this Stupid lawsuit is over we can easily buy LBC from Odysee.
LBC will go up organically and continue growing. Lets the market decides which asset to use daily.
And I hope this is not a pump and dump like we always see.
Traders and speculators ruin useful projects, stick to the meme coins for that shit.

Perhaps? I think you'd have to email LBRY to get their attention. That said, I think this can be a tough issue to solve for with blockchain stuff. And I doubt it's their top priority between the lawsuit and core development.


Market wise, $LBC seems to have stalled a tiny bit. There was immense buy pressure up from 40 sats and just no sell side liquidity the whole way up. So the price just moved up. Then as the price finally got to the 130-150 sat region, some sellers finally put in huge orders for millions of $LBC. But interestingly, it seems like the buyers are just as determined now as they have been at any other time. This has lead to a massive increase in volume. Pretty much the highest seen this calendar year.



It'll be interesting to see who wins out between the sellers and buyers. My guess is on the buyers because my guess is the sellers have finite $LBC and the buyers just don't care at this price.

That said, there's a pretty solid argument on the other side of the aisle that price action can't be supported at these relatively high prices. Will be a fun one to watch.

should lbry fix the sent/received amounts on the explorer? - https://explorer.lbry.com/address/rEqocTgdPdoD8NEbrECTUPfpquJ4zPVCJ8

I guess depends on your definition of landmark. 1-year high seems reasonable. I guess landmark wise from recent history, 700 sats would be the next target.

The 1-year chart:



The more recent local high @682 sats



And yeah, relatively, it looks flat there. I guess it all depends on your entry point. If your entry point was post July 2021, then it's currently a real good situation. If you are a bag holder from earlier, then yeah, it's effectively useless.

Still looks pretty flat.. wouldn't call it a landmark, just a sideways price movement

Nice landmark boys. We hit 100+ sats on both exchanges for the first time in a year after dropping sub 40 not too long ago. I wasn't buying any of this up-tick the past months so it has absolutely nothing to do with me. It's either a whale or a bunch of buyers perhaps seeing the value all of a sudden. Or not, who knows.

But this has been really nice to see solid price action on such a noteworthy cause out there to fight censorship and Big Tech.

Next landmark stop, 200 sats?

You can hear Jeremy or Julian say this on podcasts. Back in 2020 they were below 1M users, I think, and it's grown since then (obviously). They have Google Analytics running which will give them a much more detailed analysis of what's going on. They would have to release screenshots of their analytics to share with people for you to get a detailed view of what's actually going on.

You can approximate a website's traffic less accurately with a tool like SimilarWeb, though this says 23M/mo:

https://ibb.co/nBvmzBq

You can also see their SEO metrics climbing with a tool like Ahrefs which shows their SEO strength as #9.2k in the world and climbing.

https://ibb.co/B2241Dp

Even taking the bearish view though... let's even say they had 10M users/mo and terrible user retention. How would that relate to other crypto projects in the $10M market cap range? Even assuming no more growth? To me, seems unlikely. The other thing to add in to the mix is that there's virtually no other viable competitor in the space. Any attempt at a platform like this has been a complete catastrophe outside of LBRY if you take a look at web metrics and their blockchain economics.


Images aren't loading. Oh well. Is what it is

where do you take these numbers from ?

The whole thing is pretty insane. The SEC targeted one of the most legitimate projects out there in it's inception to attempt to create an easy legal standard pursuant to their shitty policies. But they didn't realize they were fighting against Jeremy Kauffman, one of the most principled libertarians in the world that will take this case to the bitter end.

Meanwhile, LBRY/Odysee hosts well over 50m users per month. While sitting on a $LBC market cap around $10M. While both the user base and SEO power are growing at exponential rates. While YouTube and other Big Tech platforms are banning star level content creators by the dozens (hundreds?) every week and if they want to continue creating content they have to go somewhere. Meanwhile intelligent people are looking to divert their attention away from fake propped up cable news media and over to genuinely interesting content.

None of this adds up to me at all. Legally, financially, you name it.

And all of that as I just mentioned with how good LBRY/Odysee is. And furthermore how fast and good the development is by these folks. It's insane. Their product is transforming for the better at lightning speed and may not even be recognizable (in a good way) in 1-2 years time.

If you add up all these eye watering statistics on the demand side, what $LBC is sitting at makes no sense, if the SEC's case were to ever fail giving LBRY the green light. But $LBC does host a ton of risk as a crypto asset and a very long-term time horizon by crypto standards, for sure, all the while.

This obsession with regulation ends up destroying the reputation of many good projects. I hope this ends as soon as possible, and LBRY emerges victorious from this legal battle.

soonish

I didn't expect the price to go up like this, in this time frame. Granted it's just a 2.25x from the local low to the local high.

I think the asymmetric returns come from a favorable ruling with the SEC case. If LBRY is able to win in summary judgement and/or the appeals court and be one of, if not the only crypto with legal clarity in the world, that could mean huge things price wise. It might get listed on a lot of A-tier exchanges would be the least you would expect.

The major thing in the short term though is how good of a platform Odysee/LBRY is and how many users are using this every single day/month. It's kind of insane relative to it's market cap. Totally out of sync with most crypto projects where it has no use case and pumps to billions because it has a dog picture. If people are picking up on the underlying fundamentals right now, perhaps that could be part of the recent price rise irrespective of the SEC?

I think the extreme bull cases bring this price up to 1,000 sats - 50,000 sats. But risk of failure in the mean time is quite large for a huge number of reasons.

Looks like someone was slowly buying LBC the last 2-3 months..

As a big Odysee/LBRY fan, there was a very long post that we just made about the subject to both LBRY & MintDice:

https://www.mintdice.com/blog/fixing-social-media-centralization-with-lbry-long-opinion

https://odysee.com/@Bitcoin:29/lbc:43c

I hope anyone can find this worthwhile and interesting

Just barely knew that LBRY is listed as recommended video streaming client on the Privacyguides site (https://www.privacyguides.org/video-streaming/#lbry). It's a good thing since I deem it as a way of exposure for the LBRY ecosystem.

Looking through about it, there is still an issue that the site team' are still reconsidering the Fdroid mobile app of further privacy concern: https://github.com/privacyguides/privacyguides.org/issues/538.