While I agree that the premine is too large, I see Lbry developing in to an everyday product like Netflix or YouTube eventually. Let's remember YouTube wasn't always as good as it is now, when it first started it was more basic than LBRY is now.
Lbry is also a protocol just like http is. Anyone can build on top of it and use LabC for transactions
the pre-mine is reasonable enough because of the lbry states cleary whats the coin for, and as we can see the team developer is working extremely hard toward the development of lbry and the community and team is still active not like other shit coins who had large pre-mine then as soon it hit exchange the team is vanish. and in my opinion, lbry is not just a simple protocol but its a revolutionary technology.