LBRY CREDITS - Unmoderated Thread - LBRY.IO

  • What are the LBRY Block Rewards?

    Only Trust the Source

    The source code, and not this file, is the only true definiton of the block rewards. That source file is located here in [master]:

    1. Reward Schedule

    Eventually 1,000,000,000 LBRY credits will exist. They are awarded on the following schedule:

    The genesis block creates 400,000,000 credits to be administered by LBRY, Inc. 300,000,000 of these will be strategically allocated to partners, many of whom have a direct interest in the naming layer. It also includes 100,000,000 earmarked for charity. Additionally, some may be given directly to the public in ways that add value and make sense. 100,000,000 are owned by LBRY directly.

    The remaining 600,000,000 are mined in 3 stages:

    1. The first stage goes from block 1 to block 5100, and will take roughly 9 days. Every block in this stage has a reward of 1 credit. This is the testing stage, to ensure that there are no glaring problems with the blockchain.

    2.The second stage is the ramp-up. It goes from block 5101 to block 55000 (roughly 3 months of mining). During this stage, the block reward increases linearly from 2 to 500. 500 is the largest block reward available.

    3.The final stage is the "normal" mining stage. From block 55001 onward, the block reward decreases logarithmically over the course of 20 years.
    Block rewards ramp up slowly because we want to ensure that users are given some time to get LBRY up and running, and to avoid unfairly benefitting the earliest users.

  • How Is LBRY different from iTunes, Storj, YouTube, BitTorrent and Others?

    LBRY is a revolutionary technology that is poised to challenge a remarkable number of businesses – YouTube, Netflix, iTunes, Kindle Store, Audible, Steam, and so on.

    Here, we’ll try to tackle a few comparisons that have been frequently asked of us.

    How is LBRY different from YouTube / Netflix / Apple TV?

    YouTube, Netflix, Apple TV, and other similar services are centralized platforms controlled by a single corporate entity. These companies can change the rules unilaterally, as well as censor content to appease authoritarian governments or corporate partners.

    LBRY is a decentralized, open-source protocol that is controlled by its users. LBRY facilitates a similar experience to the aforementioned services, but does it in a way that is entirely decentralized. LBRY can never unilaterally change the rules on publishers or consumers, making it dramatically trustworthy.

    How is LBRY different from IPFS / BitTorrent?

    IPFS and BitTorrent are wonderful technologies from which LBRY has drawn a lot of inspiration. However, they both suffer from the same flaws:

    • Lack of discovery. BitTorrent and IPFS provide decentralized ways to access a unique piece of data or information, but they do not provide an overall catalog that lists all of the available data or information to consume.
    • Ugly URLs. BitTorrent only provides access via long, complex magnet URLs. IPFS supports human-friendly naming via IPNS, but this is an after-the-fact hack and does not provide a single, authoritative, user-friendly namespace the way the LBRY does.
    • Lack of monetization. Neither BitTorrent nor IPFS support payments to publishers for the content or data they create and publish to the network*; LBRY does.
    • Incentive problems. BitTorrent and IPFS rely on people being generous with their own resources for data to continue to be available. LBRY creates market incentives for data to be as widespread and available as possible.

    *Yes, there are attempts to add this via a layer on top, but LBRY bakes it in.

    How is LBRY different from MaidSafe / Storj?

    Maidsafe and Storj are attempts to be decentralized platforms that enable many uses, rather than a decentralized protocol designed to serve a singular purpose.

    LBRY is designed to do one thing and only one thing well: the discovery, access, and (optionally) purchase of digital content.

    By being designed from the ground up for a highly specific purpose, LBRY can both deliver better performance and move faster than attempts to create a similar system on top of other decentralized platforms. All three ventures are in an early stage, so it is an open question which will achieve mainstream adoption.

    How is LBRY different from Decent / SingularDTV / Alexandria?

    The first, and biggest, difference is that LBRY exists and has significant traction. As of this writing, Alexandria is the only one of these to release a client to the public, and there hasn’t been much progress since that release.

    It's difficult to compare LBRY to something that doesn't exist yet, but as we understand it, no alternative is providing a human-friendly namespace and discovery mechanisms like LBRY.

    Additionally, LBRY is the only one of these three to see significant backing outside of the cryptocurrency niche. While we love crypto, we're aiming to be a mainstream, household technology. To that extent, the fact that LBRY has backing from major VCs, tech companies, and Hollywood studios says a lot.

    Finally, unlike almost every blockchain company, we've never sold coins to the public. We've put ourselves in a position where the only way we make money is if LBRY is a long-term success. To us, having "skin in the game" is a moral imperative.

    How is LBRY different from a toaster?

    Toasters transfer heat via radiative EM waves in the infrared spectrum to brown bread and make people happy.

    LBRY transfers data via EM waves in the infrared spectrum* to deliver content and make people happy.

    LBRY is also brave and little. So we’re basically, fundamentally the same as a toaster.

    *Assumes fiber-optic transmission.

    Learn More: Read the Full FAQ

  • Open Beta? New Features? Keep Your Eye on the LBRY Roadmap

    LBRY is working hard to improve our communication with the public. While the vast majority of our time is put into building LBRY, we want to remain transparent and do more to keep those interested informed. In the past couple months, we have :

    But LBRY is a ground-breaking technology, so the real (and most asked) question remains – when will it be available to the public? Your wish is our command line. We present to you…

    The LBRY Roadmap

    Our roadmap will keep you up-to-date on LBRY’s development as we release new versions (every two weeks) on the way to a full public release. It contains:

    • A history of previous releases and features.
    • Immediate and forthcoming updates.
    • Broader development goals.

    The nature of pushing into new frontiers means we must to some extent chart the course as we go. It’s a measure-twice-cut-once plan; we want each release to progress smoothly, with as little backtracking as possible.

    Along the way, we are actively taking feedback from beta users and testers and incorporating it into the development, which will affect the timeline. So keep a close eye on it, because it will be fluid. Here are some big milestones coming up:

    • Windows version of the LBRY app to be released next week
    • Publisher channels in November
    • A technical white paper by February

    Check out the roadmap for more details and upcoming developments.


    Jeremy Kauffman

    Jeremy is the creator of TopScore (, LBRY (, and that joke where the first two items in your list are serious while the third one is a run-on sentence.

    Photo of Jeremy Kauffman

  • LBRY now on Windows. Bringing Blockchain Video to the Masses.

    The LBRY beta app is now available for Windows! This has been the #1 request from users since our launch in July. Now the future of digital content distribution is available on the world’s most popular desktop operating system.

    LBRY is currently compatible with Windows 7 and higher. That’s 90% of the desktop OS market! The Windows app has full functionality, including the ability to:

    • Search, browse, then download or stream all LBRY content.
    • Upload original content.
    • Send LBRY credits (LBC) between users.

    Check out this short demo video:

    • 0:05 – Discover: LBRY’s home content discovery screen. Content on the left is featured and updated by LBRY. Content on the right comes directly from community bids.
    • 0:11 – Streaming a video.
    • 0:31 – My Files: Browse the content you have downloaded or published to LBRY.
    • 0:44 – My Wallet: Check your LBRY credits (LBC) balance, view your transaction history, send LBC to others, and copy your wallet address to receive LBC from others.
    • 0:53 – Settings: Control various LBRY settings.
    • 0:58 – Publish: Upload your own content to LBRY. Find out if a LBRY name is available and bid on it. Set a price for your content and add useful metadata.

    LBRY is a content-sharing and publishing platform that is decentralized and controlled by its users. It allows content creators to post their works to the hosting network, set their price per view/download, and collect payment.

    LBRY is an open-source protocol, as opposed to a centralized service, so there is no entity to take a “cut” of transactions or change the terms in an attempt to monetize the product. It’s like a new extension of the internet for delivering all media – films, ebooks, songs, and apps – from creators directly to consumers with radical efficiency.

    Not on LBRY yet? Get an invite here. Know some great public domain content to share? Have high quality scans? Email [email protected] for a trip to the front of the line.


    Jeremy Kauffman

    Jeremy is the creator of TopScore (, LBRY (, and that joke where the first two items in your list are serious while the third one is a run-on sentence.