Don't diss competitors by name?

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Brendon J. Brewer 2019-10-22 09:47:32 +13:00 committed by Jeremy Kauffman
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commit 55109b2cfd

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@ -18,21 +18,21 @@ Do you have to understand any of this to use and enjoy LBRY? No. Does it still m
## What Bitcoin accomplished
Blockchain technology, of which Bitcoin is the most famous example, enables people to create online databases where no single entity can control what goes in the database. With Bitcoin, when I send money to someone, my computer broadcasts "hey, the person with this particular private encryption key (me) is sending money to that person over there", and the mining process makes everyone agree that indeed, I sent that money, so my balance has gone down and the recipient's has gone up. 3Blue1Brown (a maths channel) has a good explanation of how this
Blockchain technology, of which Bitcoin is the most famous example, enables people to create online databases where no single entity can control what goes in the database. With Bitcoin, when I send money to someone, my computer broadcasts "hey, the person with this particular private encryption key (me) is sending money to that person over there" to the network, and the mining process makes everyone agree that indeed, I sent that money, so my balance goes down and the recipient's goes up. 3Blue1Brown (a maths channel) has a good explanation of how this
all works [here](https://beta.lbry.tv/@3Blue1Brown:b/ever-wonder-how-bitcoin-and-other:1).
In LBRY, the same mechanism is used to store *an index of what content is available* and
*how to download it*, as well as financial transactions (such as tips and purchases)
*how to download it*, as well as financial transactions (such as tips, and purchases of paid content)
using the Bitcoin-like currency LBC (LBRY Credits). When a creator publishes something on LBRY,
a "claim" is made on the LBRY blockchain. You can think of think of it as an announcement: *hey everyone,
I've published this file, here's some information about it, and instructions for how to download it
from the peer-to-peer network*. For the same reasons that nobody can prevent a Bitcoin transaction
from taking place, nobody can prevent a transaction (e.g., a publication or a tip)
from appearing on the LBRY blockchain.
Other sites, such as Bitchute, also serve their content from a peer-to-peer network, however,
the index of available content is centralized. Recently, Australian ISPs were able to block access
to Bitchute. Similar issues exist with BitTorrent --- there is no place to go that lists everything
that's available.
Some other sites also serve their content from a peer-to-peer data network. However,
the index of available content is centralized and can be easily censored.
## What happens when you publish
As soon as a claim has been published, other users can see that the content exists and start downloading
it directly from you. Once they have a copy, they also become an extra node on the network that can