Topic: LBRY? As good as STEEM? (Read 826 times)
we never know if it will be good, but definitely sounds good. I'm a LBC investor and till the moment i'm making profit.
DOA. Not paid to join like Steem did. Referral programs can be Sybil attacked:
https://lbry.io/faq/referrals
Right there it tells me they don't appear to know what they are doing.
$1.2 billion marketcap? Why not listed on coinmarketcap? And what is the sign up rate (2000? but are those Sybil accounts)? Sounds like BS to me.
Can't find any info on how they plan to scale a PoW blockchain
It is proof-of-work I presume since they talk about ongoing token issuance.
No white paper!
Edit: it is based on Bitcoin block chain so I don't see how it can scale:
https://lbry.io/news/5-questions-about-lbry
Perhaps they are not putting most of the activity on the blockchain. Perhaps they are putting only the tokens on the blockchain. Even so, it won't scale!
Ah they don't have a clue about social networking. Users change names like the wind. Names are not as important as the connections or links.
https://github.com/lbryio/lbrycrd
Edit#2: they are praying for the arrival and correct functioning of Lightning Networks:
https://lbry.io/news/why-doesnt-lbry-just-use-bitcoin
Edit#3: they do plan to give away tokens and have a HUGE premine:
But they are missing the key design innovation of Steem.
https://lbry.io/faq/referrals
Right there it tells me they don't appear to know what they are doing.
$1.2 billion marketcap? Why not listed on coinmarketcap? And what is the sign up rate (2000? but are those Sybil accounts)? Sounds like BS to me.
Can't find any info on how they plan to scale a PoW blockchain
It is proof-of-work I presume since they talk about ongoing token issuance.No white paper!
Edit: it is based on Bitcoin block chain so I don't see how it can scale:
https://lbry.io/news/5-questions-about-lbry
Perhaps they are not putting most of the activity on the blockchain. Perhaps they are putting only the tokens on the blockchain. Even so, it won't scale!
Ah they don't have a clue about social networking. Users change names like the wind. Names are not as important as the connections or links.
https://github.com/lbryio/lbrycrd
Edit#2: they are praying for the arrival and correct functioning of Lightning Networks:
https://lbry.io/news/why-doesnt-lbry-just-use-bitcoin
Edit#3: they do plan to give away tokens and have a HUGE premine:
Quote from: https://lbry.io/news/$1.2b-market-cap-we-dont-care
Currently, 250 thousand LBRY credits (LBC) are in circulation. Over the next year, that number will rise to roughly 80 million just through mining. LBRY Inc. has reserved 200 million for adoption programs, and we intend to deploy them widely over the coming years to give millions of users their first taste of a truly free market in media. There’s also another 200 million LBC split between a company reserve and charitable/institutional programs that might stay static for a while, but not forever.
But they are missing the key design innovation of Steem.
What does early access mean? Arent the tokens tradeable already? Which means I can get some by just buying them on an exchange?
Hi,
Did you know LBRY already?
And is it worth to invest?
Only early access with code: 2UQBd (my invite code)
Did you know LBRY already?
And is it worth to invest?
Only early access with code: 2UQBd (my invite code)
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