Quote from: densm on June 29, 2017, 01:58:59 AM

Quote from: justone123 on June 29, 2017, 01:07:08 AM

What ? LBC is used on the platform to pay for the content, so yeah it does have a big role and there is a reason to buy.
There were also rumours(not really official though) that they will also accept all ERC20 tokens as payment, which will be converted to LBC in the background and drive it's price up.
So yeah, there is a lot of incentive for the price to go up!

But why use LBC when you could use dollar so makers and viewers won't have to think about best way to exchange their money and won't have to worry about their LBC price changing all the time. If anybody is going to make same decentralized videohosting but use dollars as their currency they will be one step ahead of LBRY from the start. And they will have much less loading time. And what is left of LBC if we remove the app? Looks like another scamcoin with premine.
It's like I will announce new coin (with premine, ofc) and say "Hey, it's pretty decent coin, because my new CS:GO-hats market will use it!". And then no one will ask me "Why?" but only praise my coin or just hate it.

Hmmm how are you going to make all these micro payments in Dollar? That is the benefit of using a crypto currency. There is now app without LBC and there is no LBC without the app. Also just to be clear about 1 thing as far as price for content providers, when uploading a video you can choose to have your price set in LBC or USD so if you charge $1 USD for you video and price of LBC dipps you are still paid $1 USD worth of LBC.