Everything sounds great so far, but how is this thing actually going to work? I'm really interested in the user/creator experience.
What a great question. Let me share how I see it. These images are courtesy of Marcin who is developing our MVP iPhone app. 
For the user:
I get in my car, pull up the LTB app on my phone. On the homepage I see all the most recent shows available for streaming (should we allow downloads?)
Lots of LTB in that list, where are the other shows? Ah! each listener gets to choose which shows they listen to on the LTB network, and only sees new episodes of the shows they want to see. These mechanisms for individual users curating their own version of LTB carry over to the new web property as well.
In a later version, content that has been turned off but has an episode or article that is really more successful or popular than usual will bleed through onto the lists of people who have turned it off, or otherwise attract their attention to the fact that there is probably useful content available on a feed they have disabled. I would like to gamify this and make it so there are known thresholds that trigger a piece of content being automatically pushed to the whole network if it outperforms its average by a substantial margin.
So these screens are from the iphone version which won't include wallet functionality, but basically you'll put your Bitcoin address into settings on your app, and every "incentivized action" you do earns you points. Incentivized actions are things like tipping, commenting, sharing, etc.
Every day or however long the audience "mining" period lasts, all the incentivized actions are added up among all the bitcoin addresses (which represent individual users), and the amount of funds distributed each day to the audience is sent to those addresses according to how much they contributed relative to everyone else.
From the user perspective, you just interact with the LTB network through those normal ways, and the more you do the larger your share of the daily or weekly LTBcoins being distributed are. If you are active on a day when few people are active, it could be very profitable, but everybody gets paid according to their contribution over the same period of time.
Because everybody gets LTBcoins on a regular basis just for interacting, there's no problem giving them away or tipping them like people do with Doge, except our currency is aggressively deflationary instead of continuously inflationary like Doge.
The "generosity" period will last the first year or two, then we'l have a more mature bitcoin-like ecosystem.
For users who want more LTBcoin because they want to speculate, or sponsor, or whatever there will be both the Decentralized Exchange and normal markets like Cryptsy to buy and sell.
Ask me more good questions so I am forced to explain myself.
