I get the distinct feeling this will only be used by ISIS, pedos, movie pirates and perhaps a porn studio or two.
Actual movie studios don't need this, and most likely don't want this due to the custom currency, and that there is literally no DRM on the material other than the price, so if they put the movie up on LBRY, it'll sit there for about 5 minutes for $20 or whatever is the LBC equivalent, before being swarmed with FREE! copies, or even worse, people MAKING money off pirated movies by putting them up for 1LBC or something. Which will have the movie industry up in arms worse than torrenting.
Letsplayers, which are a huge part of why youtube got popular to begin with, won't touch this because there's no passive revenue. You cannot put a video up for free and expect to earn anything. Instead you're forced to choose between earning anything, and forcing people to pay which will decrease your fanbase. It just doesn't work at all unless you're already super popular and have enough brand recognition to convince people to pay for your videos.
Reviewers have the same issue. No passive revenue, so they're forced to choose between a paywall or earning nothing.
Streamers can't even use this platform because no inherent support for streaming, so they're out.
Your average normie won't be using this either because it's too complicated. They can either choose to press one button on their phone and upload their newly recorded cat video to youtube and a potential audience of millions, or they can choose to wait until they get home in order to painstakingly upload the video to this complicated protocol for maybe a couple of people to see. It's obvious which they would choose.
And that's already like... 98% of youtube's current content removed. So you're left with the stuff that is not allowed on youtube;
- Various types of extremism. ISIS, Anarchy related stuff, etc.
- Violent and gruesome shit, which you can already find on liveleak
- Pirated movies and porn. Lots and lots of pirated movies and porn.
- Various types of illegal porn not allowed on pornhub/redtube/etc
- Leaked government material, stolen army recordings, etc
Which mind you is great for the people who wants those things without the risk of being caught, but still lightyears off being something that can replace youtube.