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Here before the LTBCoin Launch? Get your part of the initial disbursement for the Initial Community

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• Tim Swanson

  

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  Thanks BitcoinMKE. I suspect that this is a really good way to redeem for in-store, branded merchandise. How's this for meta: a LTBCoin painted coin purchasable only via ltbcoins?

  Posted on March 8, 2014 at 8:47 AM
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• adam

  

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  Thanks for all the responses so far, my other question is: what can you redeem for LTBCoin? Aside from its fiat-based correlation later on, what did you have in mind for say 100000 LTBC? Can you redeem them for advertising time? For schwag? It's a very neat idea, I suspect other hosts/editors will watch this use-case to see how it develops.

  Part of the switch will involve moving the sale of sponsor time only in LTBcoin. These slots will be sold informally at first, but we'll be moving towards having monthly sponsor time auctions where people bid live and sponsors send representatives to try and get some cheap time. That also means the "price" doesn't matter, because it's people interested in the thing competing against each other based on their LTBcoin resources.

  I expect some early members to buy sponsor slots then go shop the time to sponsors who will pay them in bitcoin or dollars (more than they paid worth of LTBcoin since not many people understand it).

  The idea here is to "leave money on the table" so people come along and do the work, and get some of that money.

  Posted on March 8, 2014 at 2:51 PM
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• Bountyful

  

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  What about trading. Will you encourage folks to trade these coins on an exchange? I know the exchanges are loving the trading fees, but I guess this coin may not be a fit for an exchange, given the private nature of the coin. yes?

  Posted on March 9, 2014 at 4:02 PM
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• adam

  

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  I've already briefed Vern from Cryptsy and they're interested.  I have zero problem with the coin trading, I want the market to value what we're doing here.

  Posted on March 9, 2014 at 4:05 PM
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• Coogr111

  

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  I understand that w/o private keys in our possession we do not own the coin. Does Bitcoin Armory download to iOS?

  Posted on March 9, 2014 at 4:42 PM
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• adam

  

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  Initially the tools won't be fantastic, but they will be safe.  If you want to store your LTBcoins until the wallets are better, you can actually send them to any bitcoin address you have, so if you have a cold storage paper wallet or armory offline address you can use those.   Armory won't be able to see the LTBcoins, but it will be protecting the keys that control them so they'll be just as safe as your bitcoins.

  Posted on March 9, 2014 at 4:46 PM
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• Coogr111

  

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  You are a great innovator Adam! Thank you for this exciting network and coin.

  Posted on March 9, 2014 at 4:46 PM
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• Omnio

  

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  This is an interesting coin. I've had a 99% streak lately for hunches on coins that will shoot up in value as soon as they hit the market and this is one of them.
  

  Posted on March 9, 2014 at 5:05 PM
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• MorgUK

  

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  Location: UK

  Awesome, looking forward to this coin. I like the idea behind LTBcoin, I'm interested to hear about more ways the average listener can earn LTBcoins.
  

  Posted on March 9, 2014 at 5:32 PM
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• triox

  

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  Groundbreaking stuff from you Adam, as always! Watching with interest.

  Posted on March 9, 2014 at 6:16 PM
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