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Applying the LTBcoin model to other industries.

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edd

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Posts: 60
Location: San Antonio, Texas

When I first heard Adam discuss LTBcoins, I had been considering different methods of raising capital for a physical BitBrew cafe. I wanted to allow the Bitcoin community an opportunity to be a part of it but didn't want to simply do a kickstarter-like campaign. First off, I couldn't imagine anyone donating funds to a for-profit business without expecting some kind of return on their investment. Secondly, even if I did promise to pay back supporters, any timeframe I might propose would be dependent on so many variables that it would probably be foolhardy to even suggest one.
I also didn't want to sell "shares" of BitBrew. Not only would it be a regulatory nightmare waiting to happen, the deflationary nature of Bitcoin means that investors would have to believe either that this business would grow faster than Bitcoin itself, or that my vision deserved support regardless of monetary gains. Even on a good day, I couldn't even convince myself of that.
All of the above prompted me to start considering alternative methods of funding. Something told me that alt-coins might provide some insight but I hadn't yet connected the dots.
Now, I fall asleep thinking of BitBrewCoins, a million tokens purchased for the equivalent of 25 cents each, redeemable for a cup of BitBrew coffee at some point in the future and I dream of exchanges where early adopters living in far off lands can sell their BitBrewCoins to locals jonesing for their morning caffeine fix.
I'll probably start a new thread soon to discuss the steps necessary to turn BitBrew into a DAC that will dwarf Starbucks, but for now I'd like to ask you, How would you apply the LTBcoin model to other industries?

Posted on March 26, 2014 at 3:58 PM

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• coinaldo

  

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  Posts: 21
  Location: Germany

  Mm - to be the first mover is good.. i think you can use that ltb coin model for a lot right now ...

  Posted on March 28, 2014 at 6:01 PM
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• Dave

  

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  Location: Vancouver BC Canada

  @edd @coinaldo I've posted the first in a series of videos and documents for ESL Coin you can see them here in the Other Projects section. Your input is welcome. 
  Have a great day! 
  ~Dave 
  

  Posted on April 2, 2014 at 10:30 PM
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• xiewenchong

  

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  The first move may won't be the last winner. But I really admire you guys.

  Posted on April 22, 2014 at 1:00 PM
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• drobit

  

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  Any company dealing with on site rewards, gamification, on site currency could benefit from Counterparty assets like LTB has leveraged. Freelancer.com, Fiverr.com, DealDash, Quibids, etc...

  Posted on April 30, 2014 at 7:02 PM
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• ltbkev

  

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  I'd love to have some bitbrewcoins

  Posted on May 17, 2014 at 12:40 PM
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• somhi

  

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  Posts: 14
  Location: Barcelona

  Hi,

  I haven't thought too much about this idea, but what about to develop a coin that rewards the contributions to an Open Value Network like Sensorica ?

  Cheers!

  Posted on July 3, 2014 at 3:11 AM
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• swindledarrel

  

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  Just try and keep posting.

  Posted on August 23, 2014 at 7:45 AM
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• noel57

  

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  Is just all about posting that is all.

  Posted on August 26, 2014 at 9:22 AM
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• meadefreling

  

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  Posting gives you more reward.

  Posted on August 27, 2014 at 4:57 AM
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• paolo09

  

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  Posts: 339

  i can't imagine twitter or instagram or even facebook using this model, that would be a spam festival (not that now there are too many intelligent trends going onl), but let's say, sites like expert exchange where people pay to use it would be amazing for all of the admin out there helping

  Posted on August 27, 2014 at 5:14 AM
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