Review on LBRY Credits by Gabriel Medina
It was a good project at the beginning
LBRY seeks to offer a world library with multimedia content, books, movies, songs, video games, etc. All this controlled only by the users and that they are the only ones who decide on its content, and that they can modify or eliminate it according to their criteria, They will collect their profits, without intermediaries. In short, LBRY is basically designed to bridge the gap between creators and end users.
Functioning
Let's imagine a practical case. Maria wants to publish an original film through the platform. Then the feature film is encrypted and divided into several pieces that are stored on several computers. Maria reserves the unique name that will be the direct link to its content, attaching a description and a thumbnail image and sets a price, if desired. Elsewhere, Alfredo discovers the movie and decides to watch it. In order to see it, he will pay at LBC to get the decryption key, so in a matter of seconds he would be watching the movie.
Another possibility is that someone will challenge her to auction to get it, in this case, Maria would have time to respond, and request help in the community.
If the film is sold, the profits will be 100% from Maria.
Final opinions
It was a good project at the beginning, registration was quick and simple with verification by cell phone or on the discord platform which was totally great. It is a decentralized platform where we can earn LBC (Name of the cryptocurrency you use), and this has a good value.
I have been working with her and she has a nice reward system in which we can earn LBCs for doing very simple tasks, such as watching videos, uploading videos, referrals, etc. In a nutshell, it's an improved YouTube.
Unfortunately to conclude, little by little they were tightening their policies and this totally affected my account for which I ended up completely losing the reward system. Therefore, I recommend being careful when starting to work on this platform so as not to risk losing everything in the future.
Pros
- A friendly reward system in which we will get LBC for just watching videos.
- It has its applications for both computer and mobile.
- It is an extremely beneficial project for those people who create quality content on YouTube.
- It has an option to register and verify your account via Discord.
Cons
- Many have toughened their policies and therefore you have to be careful.
- The attention or help I get from Discord support is not pleasant at all.
New products
Comments (1)
December 25, 2020
You are right, it was very popular at first, but later they started to reduce distribution amounts and block accounts. I had to quit after using it for 3 months.
But I am thinking of starting again, they have facilitated integration with the youtube channel.
