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RE: Time to buy - what I bought and why
I really like the idea of investing in coins that have a 'real' use to them, like Ethereum, Steem, LBRY, etc.
Good on you! I hope you made the right decision with Siacoin and Storjcoin. :)
What is a usage of LBRY?
LBRY is a kind of a database of user-created content. You use LBRY tokens to buy the content from the author. Most content are videos right now. It's like a mix of iTunes and Youtube, but paid.
"user-created content" is usally a trash, who will pay for it? Youtube is free for watching! Well, thanx for info, I'm monitoring this coin, but for speculation. So far it's still falling, maybe 4k soon https://www.tradingview.com/x/6qdMFGfE/
User created content is trash? Have you ever taken a look at content creators who are on Twitch, iTunes, Patreon, etc.? There are loads of people who are willing to support content creators if the content is good. Besides, the only reason Youtube is able to provide quality content for free is because of advertisements.
Basically, yes, as soon as someone starts doing something worthwhile, he can monetize it with existing methods and does not need donations. IMO.
For this, no special coin is needed. Creators of content that need donations usually indicate their wallets (in BTC, ETH, LTC, DASH etc.)
Advertising is the key stone in the attention economy !!! Thats why I belive in BAT.