Investing in coins I don't currently have. $100 a week for at least 10 weeks. Giving away free crypto each time I invest.
Week 6 - LBRY Credits (LBC)
Market Cap - $23,082,006
Price - $0.336843
Supply - 68,524,524 LBC
$100 nets ~297 LBC
https://lbry.io/
What are LBRY Credits?
Much like Steemit is a platform that combines the usability of Facebook and Reddit with blockchain tech and monetary incentive, LBRY (yes, pronounced library) has taken to the task of bringing blockchain to the video platform. Content creators will be able to upload their videos to the platform without trying to adhere to specific conditions. Because of the decentralized nature of cryptocurrency, there will be no demonetization due to the nature of content.
But LBRY is more than just a platform for watching videos. LBRY Inc is an actual company that is developing a completely open-source app to be used with the LBRY protocol. Anybody is free to create an app using the LBRY protocol, and as a content creator, your content will be available on each and every app using LBRY. And nobody is taking a cut. Since it isn't driven by advertising revenue, you get 100% of all of income that your videos produce. It can be used for educational seminars, fictional series, game and movie reviews... anything that involves video.
The content created for LBRY is hosted by users. When you download a video on the platform you become a host for that video. While the LBRY app is running, it communicates to the network what content you're making available and other users can download from you.
LBRY is Proof of Work and dominated by GPU; mining CPU is possible to help the network but not profitable. Mining pools are available and can be seen at https://lbry.io/faq/mining-pools. They also have a referral program, but it isn't available at the moment. In the future you can earn rewards for referring people to the platform.
I downloaded the platform and it is up and fully functional. There are some problems with downloading. The first video I tried to download just sat there with the spinning arrow for three or four minutes before I decided to hit the back button. The second video I tried worked without a hitch. They even give you a few LBC when you sign up and offer weekly rewards for watching certain videos. I know it just recently released its open Beta for anybody to download, so I'm excited to spend a little time on it and be around as it improves!
I will be giving away 75 LBRY Credits. Just leave a working LBC address in the comments by Friday, August 18th and a winner will be chosen at random.
Week 2 - BitBay
Week 3 - WeTrust
Week 4 - Vertcoin
Week 5 - Swarm City
Week 6 - Storj
I'm still riding the high from my Ark gains this week so I put a 2nd place that I'll send 25 LBC to. I know it's not much now, but hold onto it and maybe one day it will be worth a hundred bucks!
bHU3wB2ey4dprUEzy3gdZvrfenQGmjc2sC
What's up @adanjr? Have you ever heard anything about LBRY Credits?
Thank you for this information.
Let"s try it.
bQa2G53rUb3EKJMERt2bLBUgikXWGBDZ8H
Thanks for doing this giveaway!
bS1oZogDkB9FYVfn89HHpNALJkrZTxMfLj
Thanks for the opportunity, I really hope the value of LBC bounces back up
bUT83M2G5yH9KGoyr6kQczXzcFBFmiaVB1
Thank you for this giveaway :)
bHQPMAxjxaaMnZ5mDVYA2EKvoJSpCrRpvP
Great post, up voted! My address is:
bFiiPd21a7rDfeSAVr21dQavE6wfDKo1AM
Given all the drama around Youtubers losing ad revenue and the clear issues with centralization there, I think LBRY is a great platform alternative that has some near-time potential if the issues of the open beta are pruned out!
Address: bHD8KgkcvTdCEJcGPm6iXFJGk7KPdJF4Dn
For sure. There are already a few big names that want to leave YouTube but don't because it's such an easy platform for them.
Already 7 weeks xD
Maybe i´m lucky this time :D
bYCZYFKN8JYfrB5wSvDHKkyArnjYMpem99
have a nice evening ;)
I know, 7 weeks is such a short time. I really need to find a way to keep this going.
what exactly do you mean?^^
I was only going to do this new coin every week for 10 weeks. I need to save up to buy 5 round trip plane tickets for my brother's wedding in October.
I'm enjoying this so much that I'm thinking about taking some of my profits that I made from Ark and using that to continuing to do $100 a week for longer than 10 weeks.
i think everyone will understand if you´re going to have a break, especially with a reason like this ;)
Thanks for the information! seems like an interesting platform
bLHy2zX6z75zmZ1EAx2V8YnksZHZskL6mM
Thanks for the overview
LBC: bQrhXN8AMcuMmVh4jSDG4aGY3JsYJh9R3o
I'll try my luck, cheers for the giveaway!
bTjoGymCoEq4n1UwBHqAUzDjKZoX2LAwXo
2nd place my man, LBRY sent!
Didn't expect to win, thank you :D
just bought some of this before i saw your post. must be on the same wavelength this week.
bZSMVqHWqmRtD8nnx4DcNhdNDwL8ELffGP
Lbry seems to have good future.
bGoakEmNpFM1EgbP7kkL5SGZvc78oL99fv
I am the Great Cornholio! I'm a gringo!
What you said
Have you seen my Bunghole? My people; we are without Bungholes...
I have the app installed and been testing it. Still a lot of work to be done, but very promising.
LBRY: baNwQSVF5tZtFb2YFmUeQchokPLYvqHwBL
It's great that you test it. When problems happen they get reported to the devs. I assume the more data they have the better.
Enjoy your posts and opinions.
bKnas1FCSP198EKouGCGam33WGyPQM1pPT
I really like that this could work as an option for getting some income without monetizing videos with adds like youtube does. Hope to see the platform take off and thanks for the giveaway!
LBRY: bFZWFKVEve9bi32jTDP6gDZE8TV2Uxupt2
Another great installment of the series, i missed last weeks till today unfortunately.
I had been doing some reading on this project for a few days and am pleased to see you sharing your take on it.
I always look forward to these to see what is new i havent stumbled upon yet.
On a side not i recently discovered pinkcoin. Seems a worthy ambition to ponder upon. Dont know if you do nominations but pinkcoin would be mine.
Thank you for this post and the others in the series. And for your generocity both to the projects you invest in and the users you gift to.
My address : bJtggfDecHHf9iMeY6zejamU1T9LER97iQ
-Glitch
I'll definitely check Pinkcoin out. I'm always open to learn about new coins. Even if it's something I'm not interested in personally, you could always make a post about it!
So I read up on Pinkcoin. Great idea, and the type of coin that I hope succeeds in the long term, but I would rather get into Pinkcoin for the right reasons, not just to make a quick buck.
Plus they had, by far, the easiest to read whitepaper (pinkpaper, lol) that I have ever read. I'm gonna make a note of this one to look into down the road if I get into charitable cryptos. This one and Einsteinium.
I agree It isn't a short term gain coin. It is something to become part of. The Pinkpaper is Incredibly easy to read and understand, and the community seems to be open to whatever/whoever as long as they help contribute in some way.
Thanks for your interest in it and other obscure, small, or under appreciated coins in the world. Like many of us on here, I like to see the underdog win. Doing these posts is a great way to show new people like me that you don't have to stick to the big 5 coins to make a difference, usualy quite the opposite as the #Forkwars continue for BTC.
Looking forward to more interesting things to learn about in your next post. :-)
-Glitch
Seems like a good alternative to hosted platforms.
bFiSq6GNiosEyy5mdF4dBbzqt3rq7vrwnM
uploaded a video the other day, love lbry credits not a lot of hype but I think its a wonderful idea, hope to see this one take off and take over youtube soon,
bDQobPDJxbqbVaujDgpyovTNpWsNGRZ4NW
I don't think it will take over. I think YouTube will always be the place for kids to go for videos. My kids would watch the shit out of YouTube if I let them.
bGqv61fJxt2jEnpMMYuK6s5uiPxH6m3EWP
1st place buddy. LBRY sent!
Can't wait for LBRY to be finished and for it to become 'the new tube'
bW2xc4GZx9AKoyS7rMQpGNDivNz6oiu6TC
If it could even take a small percentage of YouTube's people it will grow exponentially!
Thanks man!
bNeVGGQcXxY68Kuxfvz92hAtnaa5rampHD
Storj performed really well last week, hope the same happens to LBRY! Wish me luck!
bNDRpjACfcjwK276yoEJbUF1kx8DW8pjGa
Storj definitely went crazy, that's for sure. Good luck!
This post received a 3.5% upvote from @randowhale thanks to @oregonpop! For more information, click here!
@oregonpop got you a $1.49 @minnowbooster upgoat, nice! (Image: pixabay.com)
Want a boost? Click here to read more!
Hey man, just tried to download LBRY. I've heard about it a lot, finally downloaded it (I know, terrible)
But, whenever I open it.. It just closes after a minute.
Anyone ever experienced that problem? Wtfux?
I actually did read about that when I was researching today. This is the answer that was given
Unfortunately I'm not smart enough to tell you what that means but from reading about crypto wallets for a long time, the answer is usually to delete the wallet, restart your computer and re-install the wallet. It's kind of like unplugging the router/modem for 30 seconds then plugging it back in back in the day.
I think your best chance to get a good answer is to go to their slack channel at http://slack.lbry.io/ because real time interaction makes solving problems easier. If not you can always ask int he r/lbry subreddit.
Or if you have a miner, try turning it off and see if that works.
Boom! Thanks man. Fixed it. Apparently, you can restart the miners AFTER LBRY and it will bind the miners to different ports. Sweet!
You can also set an environment variable, but I failed at that. I figured that out also though!
This post was resteemed by @resteembot!
Good Luck!
Learn more about the @resteembot project in the introduction post.
I tried to dualmine it a while ago, but could not get it to work, so I ended up with SIAcoin....
As far as alternatives go, SIA is a good bet. If you have a Bittrex account feel free to leave your LBRY address here.
Thanks for making the competition!
bUKLvktXSeu8NknLVbAnqsvc9T5qcThaXB
This post has received a 2.92 % upvote from @booster thanks to: @oregonpop.
This post has received a 5.00 % upvote from @nettybot thanks to: @oregonpop.
Send 0.100 SBD to @nettybot with a post link in the memo field to bid on the next vote.
Oh, and be sure to vote for my owner, @netuoso, as Steem Witness
Have a great day!
another very nice giveaway from you ;)
to bad that I was on a road trip and missed it :)
congratulations to the winners!
I'll be back Monday with QRL ;)
Oh very nice :)
looking forward to it ;)
have a great weekend! ;)