In todays video I'm talking about LBRY and Steemit what they are and how they work,
them on the market, the teams and the roadmaps.
There upcoming applications, Steemit @Ned's Smart MEDIA Tokens https://smt.steem.io/
Whats LBRY?
A Decentralized Blockchain platform
The Blockchain version of youtube, where You can upload and share videos on the LBRY
Platform.
What make it so good you have control of the content, rights and how much you what to charge. You cut out the middle man, the host and deliver your content straight to the community.
Which means the revenue goes straight to you the publisher.
Is it a place for criminal activity?, no it is
Not the community can flag it. and LBRY can
Remove access, so checks and balances are there, as the US laws need to be.
Once you have uploaded your content you can adjust how much you want to charge.
You can become a host as well and the publisher can pay you LBRY credits.
There isn’t a 3rd party involved, content is regulated by the individual and the content can only be removed by the publisher, you.
It owned by the community and the miners not By individuals.
What Steemit?
A Decentralized Blockchain platform- which means no one owns or controls the site or your the content, its in the hands of the publisher.
Its a social media platform that acts like Facebook but you get rewarded when you upload and review content.
As platforms like Facebook and reddit which make money from the ads through hosting, on Steemit you get the money
After 7 days the content is uploaded and curators and authors receive their payments.
Steemit users that hold more currency can cast votes with greater effect.
You receive a small amount of Steem power and dollars for free, this is to encourage newbie's to Steem, I started with this amount and built up my steam power and dollars over the last couple of weeks.
you get rewarded with Steem dollars and steem power which is normally 50/50. The amount you receive is based on how many upvotes you receive and the amount of steam power in the upvote.
the author is a person who uploads content and the curator reviews the content. When curating if vote early and that content receives a lot attention you get some of the award.
Steemit Smart media tokens there next big step!
Now Initial coin offerings that use the Ethereum or NEO platforms to launch there own coins.
Smart media tokens is adopting that concept with there model, so say a newspaper could launch there own coin or use steem through Steemit.
The model of rewarding curators and authors could be adopted by companies who wish to monetize there content with cryptocurrency.
your be able o use ZAPPL soon your mobile :D
Future potential and growth-
Facebook, reddit, twitter, google ad sense to name a few make revenue from your content, such as blogs through ads.
The Steemit blockchain pays you to vote and to post.
As the demand and use increases so does the value of STEEM and STEEM Dollars so overtime when you convert to Steem power to vote it become greater.
So a vote could be worth $1 now and but then in a months time could be worth $10.
If you have a article on Steemit already.
And you receive a upvote in the future on that article it could potentially be worth a lot more.
I believe Steemit will gain more and more adoption over time as more people become aware of Steemit. And if becomes a coin launch platform like Ethereum with there media tokens then huge there potential.
You just have to look at the success of ethereum with the amount of ICO’s using it and apply that to Steemit and WOW!!
Come Join me on youtube and Twitter!!
Peace
CryptoKoala