There were 3 main things that contributed to Library's down fall:

1. The Dev's absolute refusal to market it and attract more users. They simply thought that users would magically just show up and were too stubborn to put together a solid marketing & user acquisition plan.

2.The Token economics of LBC is absolute garbage. The inflation has nearly stripped all its value from the token. Just look at the LBC chart. The Sat value is headed to zero by the time all the coins are printed into existence. If you had invested a substantial sum of money a year ago you would have been 20x down on bitcoin at this point. Absolutely TERRIBLE model and zero incentive to use or hold the token.They should have just allowed people to use the app with other, more establish coins instead of LBC.

3. The UX is not good at all. Their downloaded-able application nearly kills my entire computer when running it. Also, the user interface is super elementary. They needed to create a simple web based application.

I was a long time LBC follower but they simply got crushed by the competition and now they are swimming in a sea of other alt coins and random projects. I believe they truly had a chance to get ahead of the market a year ago but were too stubborn to market the project and get the word out. Now I am not really sure about the future of this project but I really do wish them the best.