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I just bought 1 LTBCOIN

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knircky

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Location: Philadelphia PA

I just bought 1 LTBCOIN on the distributed exchange. Wonderful to see this project come to live!

Posted on July 1, 2014 at 1:44 PM

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• adam

  

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  What did you buy it with? BTC? XCP? something else?

  Posted on July 1, 2014 at 1:54 PM
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• Spengler

  

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  @knircky I just bought 1 LTBCOIN on the distributed exchange. Wonderful to see this project come to live!

  Excellent! Did the process go smoothly? I was curious, so I just checked the price of LTBcoin using my Counterwallet. You can get 3606.29723861 LTBcoin per BTC at the moment

  Posted on July 1, 2014 at 1:55 PM
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• knircky

  

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  @adam What did you buy it with? BTC? XCP? something else?

  I used XCP. I have played with counterparty a bunch and know that these transfer are fast and smooth with XCP.

  It seemed to be fine, I did not sit down and watch the transaction take place though.

  I find the DEX fascinating especially with the fact that any asset can be have a market right away..

  Posted on July 1, 2014 at 9:20 PM
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• knircky

  

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  @spengler Excellent! Did the process go smoothly? I was curious, so I just checked the price of LTBcoin using my Counterwallet. You can get 3606.29723861 LTBcoin per BTC at the moment

  yes very smooth since i used XCP. I just went with the market price. I think it is very very high atm. Maybe LTB coin is worth 8M USD, (50M/3600 x 600USD). Actually does not seem too crazy right now, but in terms of value it buys advertisement on LTB right? Seems high to me so I only bought 1. That thing is worth about:

  1/3600 x 630 = 0.17 USD. (it prolly cost me the same in btc fees)

  If the price stays somewhat stable i think the money supply has been chosen well as one ltb should be worth a few cents I think.

  It will be so interesting to see this coin develop.

  • Its the first coin that is made on counterparty/on top of btc with some significant value relative to other alt coins (8M puts it in top20 (11th to be exact) of all coins and above XCP which is around 5M). -Its also the very first coin that starts with a real economy behind it and not just a substitute. (only way to buy adds on ltb. -its the first time a crypto is used to do something to attract customer loyalty like a miles system is used. It could be of great relevance as the first such system for online content or online businesses.
  • it is fantastic to see a website be more than blabla or critique and actually putting what they talk and write about into action and being an industry innovator
  Posted on July 1, 2014 at 9:37 PM
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• Cryptonaut

  

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  congrats on making history!

  Posted on July 1, 2014 at 10:27 PM
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• Barry

  

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  @knircky

  @spengler Excellent! Did the process go smoothly? I was curious, so I just checked the price of LTBcoin using my Counterwallet. You can get 3606.29723861 LTBcoin per BTC at the moment

  yes very smooth since i used XCP. I just went with the market price. I think it is very very high atm. Maybe LTB coin is worth 8M USD, (50M/3600 x 600USD). Actually does not seem too crazy right now, but in terms of value it buys advertisement on LTB right? Seems high to me so I only bought 1. That thing is worth about:

  1/3600 x 630 = 0.17 USD. (it prolly cost me the same in btc fees)

  If the price stays somewhat stable i think the money supply has been chosen well as one ltb should be worth a few cents I think.

  It will be so interesting to see this coin develop.

  • Its the first coin that is made on counterparty/on top of btc with some significant value relative to other alt coins (8M puts it in top20 (11th to be exact) of all coins and above XCP which is around 5M). -Its also the very first coin that starts with a real economy behind it and not just a substitute. (only way to buy adds on ltb. -its the first time a crypto is used to do something to attract customer loyalty like a miles system is used. It could be of great relevance as the first such system for online content or online businesses.
  • it is fantastic to see a website be more than blabla or critique and actually putting what they talk and write about into action and being an industry innovator

  $10 million market cap doesn't seem unreasonable to me

  Posted on July 1, 2014 at 10:47 PM
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• knircky

  

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  Looks like the newly released coins put pressure on the price

  Posted on July 8, 2014 at 3:42 AM
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• adam

  

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  Yep, you can see the weekly inflation (most right column) here

  https://docs.google.com/spreadsheets/d/1GzytNblMx8xBmUczX7sPC8QitkJrrRirNrh2AJtjy1Q/edit?usp=sharing

  also, we're still waiting to give out a substantial portion of the LTBC created in the first 10% because people have not signed up with counterwallet addresses. Thats been sorta on my plate but I need to hand it off because I don't have time to track down everybody.

  Posted on July 8, 2014 at 5:33 AM
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• popinjay

  

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  haha, 1? How active is the trading on the exchange? I haven't checked it out in about a week. picked up at all? How much daily volume of ltbcoin is there?

  Posted on July 18, 2014 at 8:16 AM
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• knircky

  

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  Location: Philadelphia PA

  I just sold some ltbcoin and bought some just for fun.

  The volume is still very low. i could not have even sold all my ltbcoins that i had received for free.

  That said if you check the order book and make sure your order can match it works pretty flawlessly.

  Posted on July 18, 2014 at 8:50 AM
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