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RE: Opportunity: Buy this Crypto today!
Thanks for posting. By the way I just noticed they are in the early-access stage. Does it mean that the platform has not started yet?
Thanks for posting. By the way I just noticed they are in the early-access stage. Does it mean that the platform has not started yet?
Iquote here a message from a developer from yesterday maybe this can help! https://www.cryptocompare.com/coins/lbc/overview
"I am a developer who makes an education platform, so I am naturally interested in LBRY, because it provides a solutions to some of the problems in the online education ecosystem. I managed to get inside and check it out, before it opened up, 1month ago. I didn't really get, how the fat protocol works and how videos come to me without anyone being able to download and decode them for free. I think one of their articles suggested there is a server owned by them, which distributes the keys to users purchasing content. So that protects the system from leechers. Thats fine by me, I am okey with temporary centalized hybrid systems, before a stable decentralized solution is found. They have interesting 'claim' system which works like a 'premium listing', except that you don't pay for your content to be more visible, you just block your tokens and bid for a spot. Think of 'the million dollar homepage', same effect, but with videos and without paying. Actually, the only way you pay to get listed is if you have to buy a ton of tokens just to have more for a spot to outbid someone else. Once there, if you have the tokens, you can hold it as long as there is no one else with more tokens wanting it. Then you can sell your tokens. Imo thats their best feature. The project was planned long ago, before the other crypto networks developed, so its a little behind on tech, because they don't use the available infrastructure now and have to do it all by themselves. The same thing can now be done with IPFS/Swarm and Ethereum in few smart contracts and a centralized server holding decryption keys. Of course, Ethereum may not be the best solution, considering its transactions cost 1.5$ now and may cost even more. Having in mind that one of the only working end user crypto projects has standalone network too - Steem, Lbry could be betting on the right horse too.
Well, after all, LBRY can decide to get inside Ethereum and move its tokens like Storj, so what you are probably investing in right now is not in the development, the infrastructure or the technology, but in the people behind it and their intelligence. They are nice, I have talked to them. Few of them tried hard to help me out when I lost my 8600 LBRY tokens due to a bug in their app, while I tested its limits. I couldn't prove it, they couldn't tell if I was just scamming them, so its all ok. I guess when digging deep and trying to break the systems behind your crypto investments - to figure out if they are worth it, there will be some damage."
Fair oppinion to your question! Best Regards, Ted
That can be a an answer to my question. But how it can be mined using a GPU then?
Sorry, but I am not specialised with mining so I don´t want to give you any answer, but they are here good miner around :-)
Well, I am already proud owner of 4.35 LBC exchanged on bittrex :)
Congratulation! I am on bittrex too! :-)