I'm finally starting to actually feel like the idea of LTBcoin could work, the main evidence being that I'm here writing this post.
I'm here because I like the topic, but also because I know that the more I participate, the more of this weird tokens I get. I almost have enough of them that I could get a message played on a podcast that I listen to regularly, and that is pretty nifty.
But I also am terribly addicted to reddit, as I am sure that tons of other people are. In my opinion reddit has become the best form of "forum" on the internet. There are so many features that have been implemented into reddit, that recreating it from scratch would be a rather pointless endeavor.
I'm wondering if it would be feasible to distribute a User Created Coin to the participants of a subreddit for their participation? I'm guessing that yes it would be. Maybe it is something like once per day, or once per week, all of the activity of the subreddit is scanned for user activity, upvotes and downvotes, and then the coins are distributed based on the quality and amount of participation.
I guess the question becomes, what is the use of those SubRedditCoins, but just like LTBcoin is figuring that out, SubRedditCoins would figure out their own particular use case. Maybe it is simply a way to pay for ads on the subreddit, sponsor links, tip other users of the forum.
I can't quite visualize the end game, but it is a really interesting thought.
