Decentralization and blockchain technology are changing the way we see the world.
When YouTube was launched it challenged the established media. The fact that individuals could now post their own views without any editorial control and millions were able to see those views was a game changer in terms of the way the media shapes popular opinion.
The powers that be that use traditional media to influence their audience for political or economic gain found their hand weakened.
They had to strike back. Through years of pressure and litigation they have managed to push YouTube to screen and censor the materials they allow to be shared on their platform. The original concept of a tribune open to all is no longer valid there.
Enter LBRY…
But LBRY is not just a video-sharing centralized site like YouTube. LBRY is actually a content protocol. Based on blockchain technology, LBRY has various types of digital content (videos, music, images, texts) spread across a decentralized network of nodes.
Whereas with YouTube only content providers can be rewarded, LBRY rewards viewers by giving them LBC (LBRY Credits). These credits are used for publishing, buying, tipping and supporting digital contents on the LBRY network. Current price for LBC is USD 0.019 according to coinmarketcap.
How do you make money on LBRY?
There are five ways to earn LBC:
1 Watching, liking and commenting on content on odysee.com.
2 Watching content on LBRY.TV: you earn LBC credits for every different level you achieve. These levels are structured depending your cumulative total of content viewed.
3 Watching content on LBRY.TV daily: earn LBC credits every day you log into the platform. The amount you can earn varies between 0.5 to 50 LBC.
4 Referring your friends: you can earn 15 for each referral.
5 Getting popular: you earn LBC credits by achieving different popularity levels on your channels. There are various milestones of the number of followers to your channels. Each time you reach a new level you will be rewarded.
There is a sixth way to earn LBC, that is if you get a special invitation to join the network. These five ways are the ones that are available for everyone.
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