There were 3 main things that contributed to Library's down fall:
1. The Dev's absolute refusal to market it and attract more users. They simply thought that users would magically just show up and were too stubborn to put together a solid marketing & user acquisition plan.
2.The Token economics of LBC is absolute garbage. The inflation has nearly stripped all its value from the token. Just look at the LBC chart. The Sat value is headed to zero by the time all the coins are printed into existence. If you had invested a substantial sum of money a year ago you would have been 20x down on bitcoin at this point. Absolutely TERRIBLE model and zero incentive to use or hold the token.They should have just allowed people to use the app with other, more establish coins instead of LBC.
3. The UX is not good at all. Their downloaded-able application nearly kills my entire computer when running it. Also, the user interface is super elementary. They needed to create a simple web based application.
I was a long time LBC follower but they simply got crushed by the competition and now they are swimming in a sea of other alt coins and random projects. I believe they truly had a chance to get ahead of the market a year ago but were too stubborn to market the project and get the word out. Now I am not really sure about the future of this project but I really do wish them the best.
1. I feel like their marketing wasn't all that bad, they had a mechanism for youtubers to migrate to LBRY and created an incentive to do so. They also ran campaigns for subscribers to earn free LBC to watch videos. I feel like every skeptic always says that a project didn't do enough marketing. In your opinion what else could they have done marketing wise?
2. I will agree with you that the distribution of the token really hurt the price, especially early on. But maybe that will slowly effect the price in years to come as the reward slowly declines? I feel like they should have just went with standard halvings like btc.
3. The UX is only 2 years old though man, you gotta admit it's not that bad considering its been a small team and a short amount of time. I believe a web-based application and a mobile application is in the works.
And on you're last point I wouldn't say it's been crushed by the competition, maybe if you consider any 2017 ICO competition then yes. But as far as a decentralized media sharing platform I feel like they are still very relevant. But you are right that they are swimming in a sea of other random projects, being 294 on CMC it will be hard for new investors to find them.
1. While I agree with you that they had a mechanism to do so, there wasn't enough incentive in it. I also felt like they didnt push hard enough on it. I actually thought trying to migrate users from youtube over to the LBRY platform was a great idea but it just didnt move the dial enough. The youtube people didnt make enough effort to do so.
2. Im hoping the inflation slows a bit as well because it really has taken a toll on the value of the coin
3. I have high hopes for this new re-design so we will see how it works out.
again Im really not trying to FUD just trying to point out some of LBRY's weaknesses as a long time follower of the project. I think they still have a shot at success now with this bear market while everyone isn't paying attention however once the next run begins I hope they have a more solid plan put in place to capture as much market share as possible
better feel lucky to know lbry at those range 
has it even caught up YET? a YEAR later? 
