LBRY going under is basically a shitcoin rug pull. It was decentralization theatre. Their investors did not really want a decentralized solution, because if they a actually built that they wouldn't be able to rug it.
LBRY was the first decentralized social media platform for video creators. Even though it operated on its own token, it created a solution from the ever censoring YouTube platform.
Over the years, LBRY has gone head to head with the SEC, accrued millions in debt, and lost.
https://odysee.com/@lbry:3f/theendoflbryinc:d
If anything, it demonstrates clearly the need for free speech oriented platforms (and money) to be completely, in its totality, decentralized.
I wonder if NOSTR can pick up where LBRY left off…
Discussion
Disagree.
The concept was using IPFS to host and the incentive was for people to run those servers kind of like running a node.
The issue is that they tried to operate like a proper business.
The rug pull was state oriented.