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.
youtube grew because it had people using it. i hope library can get some marketing done so tht people are aware of the project and the decentralisation it offers
only when communities start using it, you can expect any growth
theres already dtube coming out from steem which i see it as a direct competitor, just that they have a direct web interface, correct me if im wrong?
I don't recommend any steem clones because it is centralized. there are many direct competitors but I bet they all have no threat to lbry.
for all lbry investors, ignore the butthurt people on top of this comment, basically they just someone who bought a coin on top price using others people research and analyze then wondering why the coin they bought decreasing then whining about it to the people who recommend it without a proper understanding of the plan. then they panic selling on low price, ignoring the long-term plan in this project
yeah every clown who buys $100 of a coin and calls himself "investor" these days. laughable really...
whats worse is that they dont even understand the market cycles and how any thing that is traded publicly does. everyone sees btc as the coin to follow and thinks evey coin will go elliptical as btc, when that is barely the case with any coin.
when they get rekt they visit this website to pour the vitriol they couldnt digest in sentences that barely make any sense
but as they say a fool and his money are soon parted, so yeah its good for me if they sell low i keep adding to my bags lol