LBRY: The Lovechild of Bitcoin, BitTorrent & Storj
Cointelegraph spoke to three of LBRY's team members to find out more about their software project.
You've heard about MaidSafe, Kim Dotcom's MegaNet, and maybe even IPFS. In this yet-to-launch race to “decentralize the web,” these early-stage players now have a new contender: LBRY.
As web censorship problems continue, the effort to replace HTTP's client-server protocol with a superior peer-to-peer (P2P) content retrieval system is growing. What if a protocol had the monetary incentives of Bitcoin, the file sharing abilities of BitTorrent, and the storage logic of Storj? The developers of alpha-stage LBRY believe their protocol possesses just such traits.
Cointelegraph spoke to three of LBRY's team members – director Jeremy Kauffman, developer Jimmy Kiselak, and marketing director Mike Vine – to find out more about their software project.
“LBRY directly connects content producers to consumers and gets out of the way.”
- Jeremy Kauffman
Cointelegraph: What was the inspiration for LBRY?
Jeremy Kauffman: LBRY was inspired by a number of things. It was clearly inspired by Bitcoin – seeing the power of the blockchain in reaching consensus without a central authority. It was also inspired by BitTorrent, which is an absolutely brilliant protocol with an unfortunately flawed incentive structure.
It was inspired by the fact that governments, ISPs, and media companies seem to want to treat their customers as something between supplicants and criminals. It was inspired by AirBnB and Uber in that LBRY empowers small-scale entrepreneurs and increases the efficiency of unused resources.