The LTB Network Forum

Donate BTC to support the LTBCOIN Distribution Fees!

Back to LTBcoin Talk

Comments

adam

Offline
Posts: 1980
Location: California, USA

It costs quite a bit of BTC to send out LTBc every week (.03btc for this weeks distribution), if you'd like to donate BTC to offset this cost and create an ongoing fund you can send it to the issuing address for LTBcoin

You can view the assets page here to verify the address

http://blockscan.com/assetInfo.aspx?q=LTBCOIN

This is the current address

**1Hso4cqKAyx9bsan8b5nbPqMTNNce8ZDto

Posted on July 10, 2014 at 9:35 PM
Last Edited: July 12, 2014 at 2:01 PM

0 likes

• belltown

  

  Offline
  Posts: 107
  Location: seattle

  Counterparty transaction costs are high, I believe around 0.3 mBTC/transaction. So you might pay more in transaction fees then the dust is worth.

  Posted on July 10, 2014 at 10:18 PM
  Permalink
  0 likes
• adam

  

  Offline
  Posts: 1980
  Location: California, USA

  @belltown Counterparty transaction costs are high, I believe around 0.3 mBTC/transaction. So you might pay more in transaction fees then the dust is worth.

  Okay, dust part removed. People can donate real amounts :) I think i'm spending like .06BTC between the distributions on saturday (there are two totalling probably 800 transactions)

  Posted on July 10, 2014 at 10:24 PM
  Permalink
  0 likes
• cc5alive

  

  Offline
  Posts: 38
  Location: Los Angeles

  Just want to point out one potential problem that I just noticed -- if I double click on the address to highlight it, it doesn't highlight the last "9r" of the address... looks like the quote format prevents it. Most readers are probably savvy enough to realize this and manually select the whole address, but I'd hate for someone to try to donate and be unsuccessful because they didn't correctly copy the link.

  Screenshot below from Firefox Browser on a Mac: https://www.dropbox.com/s/rbrqadycmijvr0j/Screenshot%202014-07-10%2022.43.57.png

  Posted on July 10, 2014 at 10:46 PM
  Last Edited: July 11, 2014 at 1:30 AM
  Permalink
  0 likes
• adam

  

  Offline
  Posts: 1980
  Location: California, USA

  @cc5alive Just want to point out one potential problem that I just noticed -- if I double click on the address to highlight it, it doesn't highlight the last "9r" of the address... looks like the quote format prevents it. Most readers are probably savvy enough to realize this and manually select the whole address, but I'd hate for someone to try to donate and be unsuccessful because they didn't correctly copy the link.

  Screenshot below from Firefox Browser on a Mac: https://www.dropbox.com/s/rbrqadycmijvr0j/Screenshot%202014-07-10%2022.43.57.png

  Fixed ;) BTW i'll get to your consult question probably tomorrow afternoon

  Posted on July 10, 2014 at 10:54 PM
  Permalink
  1 like
• Cryptonaut

  

  Offline
  Posts: 1944
  Location: Canada

  stickyin' this!

  Posted on July 11, 2014 at 1:04 AM
  Permalink
  0 likes
• Jedwardo

  

  Offline
  Posts: 14

  Can someone explain how the signed message works? Is there a way for us to check the validity of the message using the keys that are provided?

  Posted on July 11, 2014 at 4:51 PM
  Permalink
  0 likes
• adam

  

  Offline
  Posts: 1980
  Location: California, USA

  @jedwardo Can someone explain how the signed message works? Is there a way for us to check the validity of the message using the keys that are provided?

  To be honest with you the signing interface on Counterparty might not even be working right now, I'm pretty sure if you check it it won't check out.

  But its legit, i'm waiting for them to fix the issue lol...

  Posted on July 11, 2014 at 4:59 PM
  Permalink
  0 likes
• Jedwardo

  

  Offline
  Posts: 14

  I figured that it was legit, and I went ahead and donated. I was just asking because this looks like a really cool feature.

  Posted on July 11, 2014 at 5:02 PM
  Last Edited: July 11, 2014 at 5:08 PM
  Permalink
  1 like
• Jedwardo

  

  Offline
  Posts: 14

  @adam Instead of relying on donations, have you considered setting aside some part of the distribution for people who pay for the distribution costs? At this stage, I'm sure you won't have a problem getting donations, but if you continue to do regular distributions it seems like you will need a sustainable way to cover the costs.

  Posted on July 11, 2014 at 5:08 PM
  Permalink
  1 like
• adam

  

  Offline
  Posts: 1980
  Location: California, USA

  @jedwardo @adam Instead of relying on donations, have you considered setting aside some part of the distribution for people who pay for the distribution costs? At this stage, I'm sure you won't have a problem getting donations, but if you continue to do regular distributions it seems like you will need a sustainable way to cover the costs.

  We're not selling any LTBc right now, we have 10% set aside for platform development which includes this. This is a temporary measure because we don't want to compete with any contributors who acquired LTBc for work and would like to turn it into another form of token. In a few weeks there will be a more stable market and this will be fine.

  Posted on July 11, 2014 at 5:13 PM
  Permalink
  0 likes

Post Reply