How To Mine LBRY.IO

in #lbry7 years ago

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Open protocol that constitute a LBRY allows you to publish your video to the network at no cost to you and set the price per download or stream, because isn't a LBRY service advertising media-driven.

LBRY not a company, but a LBRY is Protocol. You will soon be approved while registering, because there is no approval process in a LBRY.

LBRY is a decentralized, open-source protocol that is controlled by its users. LBRY facilitates a similar experience to services like YouTube, Netflix, and Apple TV... but LBRY is entirely decentralized! Services like YouTube are centralized platforms controlled by a single corporate entity. These companies can change the rules unilaterally, as well as censor content to appease authoritarian governments or corporate partners. LBRY can never unilaterally change the rules on publishers or consumers, making it dramatically trustworthy.

LBRY creates market incentives for data possible. The video provider — along with P2P file sharing clients like BitTorrent and IPFS — also does not support direct payments to publishers for content or data they create and publish to a network.

LBRY also supports the sharing of free content, but if you are earning money from your videos on YouTube right now, you are likely familiar with the recent controversies over videos being “de-monetized” for containing content unfriendly to advertisers. It’s no surprise that YouTube caters to advertisers, because those are its ultimate customers.

Prices in LBRY entirely at the discretion of the creator.

Because LBRY using digital currencies (ala Bitcoin), the creator can accept micropayments for each display without worrying about the cost of credit card processing. Or a studio could use a LBRY to distribute independent cinema was released in and cost thousands of dollars per download. The only constraint on price is what your viewers are willing to pay. (You can also set your price as zero if you aren't looking to monetize your content!)

LBRY also allows users to be automatically awarded to contribute bandwidth, disk space, or processing power to a network of decentralized LBRY!

What's more, you can share any type of content-video, music, ebooks, photos, podcasts – all on the same platform!

www.lbry.io

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