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Creators currently earn rewards from LBRY, Inc. when their content is viewed by other validated LBRY users. In this post, we'll be outlining the state of the program, where we want to take it, and exploring the next iteration. Where we are We only launched rewards for creators about 6 months ago. Despite ramping it down as the price of LBC went up, we're spending record amounts. Image of reward usage per month Last month, we spent almost 3.5 million LBC on this program, which is not sustainable. But we never anticipated this program to be the end state of LBRY, just a stepping stone. Let's look at where we want to end up, and then what's next. The end state There are no free lunches in this world. While some blockchain companies try to create perpetual motion machines, LBRY will remain firmly grounded in reality. We believe that by replacing YouTube and Amazon with an open-standard that is far less costly to operate, and with no cut to the middleman, we can design a system that is win/win for all. But a system that works perpetually must mean that ultimately no money or tokens have to come from us. Where will they come from? Viewers, when buying content Fans, when donating Fans, when purchasing memberships, badges, and other things Advertisers, when viewers don't want to pay Fortunately, we reserved 300,000,000 LBC to allow us to grow, and we still have more than 70% of that 4 years after the launch of our blockchain. A bit more on future advertising (optional) (You can skip this section if you just want to know what's coming next, most of this won't be here this year. But whenever we say the word advertising, people have questions.) First, LBRY cares deeply about choice and respect it's users. So advertising will never be mandatory. Neither viewers nor publishers will ever be required to use advertising. As we add richer advertising, viewers will be given choices about what to share with advertisers. Viewers that share more are likely to be more valu