LBRY Credits (LBC) is a content sharing decentralized blockchain platform that is ran and managed by its community. The platform also uses Bittorent protocol and is free, transparent and very democratic. Users have complete freedom to decide the terms and conditions on which to share their content. These terms also include the fees they wish to get for their content. Users have complete control of their data and network and can share anything they wish as long as it complies with the standardsShow more [+] of the platform.
LBC acts as the currency for payments for content and services on the LBRY Credits platform. It is a coin that is not premined but is mineable. It uses PoW (Proof-of-Work) consensus mechanism and can be mined using GPU. This coin has a maximum supply of approximately one billion. It is now listed on Bittrex, Upbit, Poloniex and Cryptopia exchanges.
LBRY Credits will enhance the sharing of content thanks to its able and competent team members. The team is led by their CEO and founder Jeremy Kauffman, the CTO and founder Alex Grintsvayg and the COO and founder Josh Finer among others.
First, I would like to thank the members of this group, who helped me with donations to create the channel and spread good vibes. I've done it before, until recently, but I got banned for alleged copyright infringement. I uploaded the music of my favorite exYugoslav bands, thinking that Odysee is a more liberal platform than YouTube. To a large extent it is, which is why I keep coming back to it, only now more cautiously than before.
In that sense, I would like to ask you a few questions, first of all, because I don't want to lose everything I tend to upload again, including LBC's. As I found out, this would be impossible if I start to upload music through the desktop LBRY application. What I am interested in is the following:
1. Is copying and updating the wallet locally a way to recover all my data and the channel if it is canceled again? 2. Does the included sync option in settings mean that I can upload to the Odysee servers, and then when I turn on the LBRY application, everything will be synchronized locally, just as if I had uploaded directly through the application? 3. All material for upload is on my external hard drive. Can I also redirect blob files to it so that they don't clutter up my system disk? 4. Is it better to uploading music in mp4 video format or in mp3 audio format? Odysee/LBRY allows both, so I'm wondering which is better option in your opinion and why?
I note that I upload entire releases (albums) and for each I have a cover thumbnail of size 1280x720px.
That would be it. If I remember anything else, I will be free to ask for help or clarification.
I wish you a nice day and send you a big greeting's for good health.
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