For those who don't know LBRY it is a Decentralized Video Platform, seen as one of the competitors of the largest video platform in the world, YouTube.
When I first met LBRY I thought it was a great opportunity to finally have my channel monetized fairly and without having to follow the numerous rules most of the time almost unreachable on YouTube, but a news that I read on LBRY's own profile on the LBRY Platform discouraged me .
On the link https://lbry.tv/@lbry:3f/monetizationtwopointoh:5 LBRY says that its monetization system, especially the distribution of its cryptocurrency LBC within the Platform will undergo changes, in fact LBRY wants to end the LBC earnings for views and even the Daily Rewards earned for using your video platform.
One of the arguments for defending the end of the distribution of AML either through visualizations and rewards is the cost of the monetization program, which has increased a lot. And that they used the View Reward just a stepping stone to propel the platform, I found that disappointing,
The new proposal that LBRY presents for the monetization of content creators are the following:
1 - Spectators, buying the contents of the videos with their LBC
2- Donations made by Channel Followers
3 - Advertisers
Despite being a Decentralized platform, it will use the old monetization formula through advertisements, and we know how advertisers on YouTube have a great influence on what content creators can or cannot create in their videos, the family friend.
LBRY intends to create the following creator monetization methods using the following options below
1 - Fixed monetization - the creator will earn LBC when the viewer pays a fixed amount or watches ads until that amount is reached.
2 - Monetization for watching ads - the viewer must watch 30 seconds of ads or pay for the video
Certainly giving coins for free devalues the LBC cryptocurrency, but also creating a system where the viewer has to pay to consume content does not seem to work, and of course the vast majority will not do that, they will look for content on other free platforms, like YouTube itself for example.
One of the ways I still think it will work is through Advertisers, because as I said, paying for content will assume that viewers will have to buy LBC cryptocurrencies on some Exchange for this, and I honestly do not believe this will happen.
I am also a little pessimistic in relation to the Platform, because if such a system is really used it will damage the small and medium content creators a lot, because we know that only the big ones will benefit from this new system, even more with the Advertisers.
Well, free rewards and visualizations are still in progress, if you want to earn 15 LBC by registering with LBRY, just access this link: https://lbry.tv/$/invite/@BitcoineRendasExtras:3
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