Possible Competition For Youtube, Possible Income For Us
So there’s a new video platform in town that is unique and may or may not give Youtube a run for its money, depending on the growth of the community. It’s thirsting for two most needed fronts. Content Makers & Developers. It is genuinely and fanatically invested in establishing an economy where content makers get rewarded with actual money and they drive the economy themselves, not corporate interests.
It’s powered by Blockchain Technology; the same technology that’s making Bitcoin & all the other alternative currencies possible. To cut what long seminars and lectures about Bitcoin & Blockchain technology short:
*There is no middle man. No third party. Only you & the economy of buyers and sellers.
PLEASE NOTE: It’s been a frustrating experience at first. But after a couple of hours, you’ll begin to see how this could be a thing.
The technology runs on a currency based on its own name, LBRY coin.
Currently, 1 LBRY coin is the equivalent of 0.2 USD. Depending on how much the technology grows in the virtual currency market, these coins may inthe future be of much greater values. So if you accumulate a 100 now, and in the future, 1 LBRY coin is worth 2 USD for example…Do the math.
-This platform is still UNDER DEVELOPMENT.
-NOT SEO FRIENDLY
-Means to share it on Social Media is..a mess. But can be done.
-HAS A WONKY SEARCH ENGINE & AN ANNOYING LEARNING CURVE.
-Creators with no previous knowledge of Blockchain or is influenced by “scam” gossip will doubt it.
-You upload your content with a price tag of your choice or go free and ask for Support (Donations)
-Because it’s a Blockchain, its community driven. There will be no rules on what you can or cannot publish. There are no ADS involved.
-Viewers get paid minimal amounts of LBRY coins as an incentive to support content makers.
-Youtubers (some popular ones are doing this right now actually) can synchronize their already published content with the platform to start gaining LBRY coins from there.
-You’re in direct contact with the devs/mods on their Discord channel. They rewarded me with LBRY coins for reporting bugs. They’re very very open to suggestions and they openly report their technical greviances and WILL WORK with you as best as they possibly can.
I’m still new in this, but I’ve been an avid supporter of the Blockchain technology ever since its been introduced.
As a final note, the developers revealed to me that their source code can actually be re-purposed to host other kinds of content hosting services.
So imagine a Pond5/ShutterStock that runs on virtual currency with blockchain standards?
And some other erm...non-pg 13 stuff. Heh.
Thoughts? Questions? Discussion? I'm open.