It's not that LBRY is decentralised and distributed. Not that there's incentivised participation. Also not that content creators get almost all of the revenue, or that it's all-in-one. Not even that it's uncensorable. So what's the real thing about LBRY?
The most interesting aspect is the underlying economic theory
According to which in a free and liquid market of names/domains/namespaces, any name will end up with it's legitimate owner.
The party locking in the most LBC (LBRY Credits) will be granted the right by the network to control the name within the LBRY network -regardless of who controlled it previously.
The legitimate owner of any brand or name is the one who will likely be able to make the most profit of a product. People prefer to pay the legitimate owner for the product, instead of a pirate. Because James Cameron can prove that he is the legitimate owner of the Avatar brand, he is the person who will be able to make the most profit from the name. Thus, he will be able to put up the most LBC for the name, and so doing will end up controlling the name Avatar in the LBRY network.
Do you see the incredible implications of this?
- Namesquatting will only provide a temporary benefit, as no-one can secure a name to himself.
- Piraters will quickly fill the space, generating buy-pressure for LBC
- New content will quickly be added to the network, as people pay for the content
- People will start to use LBRY because there is content
- Legitimate parties can easily aquire their brands on the network, without directly benefitting pirates.
- The anti-piratism arguments aren't very strong in regards to the LBRY network, as the rightful owners just need to acknowledge the legitimacy of the network to claim their rights. Thus the network has a strong case, which will likely help it in the race of similar platforms.
The LBRY model could very well prove to be the most effective system ever invented against piracy. Just think of how cost-effective it is while at the same time conforming to the non-violence principle greatly admired by liberalist, anarchist and sheeple. Then compare it to the alternative; courts, police-operations, DMCA, prison, etc...
Now I hope you understand that the thing about LBRY isn't what it looks like or how it feels. That will get better over time. The most important aspect is what you can't see - and most people will never see. Now you might be tempted to get some LBC. Feel free; I've already got mine.