The more I read about this coin, the cooler I think it is.
I do have one concern, though, about the initial distribution. You laid out in another thread the payout percentages to content creators, forum members, etc. and I have no problem with any of that. My question is about the amount distributed in that first week; the Genesis Block as it were. If (say) 100k LTBCs are distributed every week, including the first week, the system will see very rapid inflation; first week will be 100% inflation, 2nd week will be 50% inflation, etc. This would result in a rapidly declining per-LTBC valuation for those first few weeks. I would be in favor of a much larger Genesis Block, perhaps as much as 25% of the final money supply, just to prevent the inflation issues. Even if it means tweaking the initial payout percentages, so that (say) content creators get 75% instead of 50%.
Also, I don't like the idea of having a premium membership be purchased with fiat, and then that premium membership coming with a certain amount of LTBCs. I think that it should be the other way around -- premium memberships should be purchased with LTBCs! This creates more money flowing into the ecosystem and setting a price floor for LTBC. Instead of $20 for a premium membership, charge 20 LTBC.
In general, I think that the more you can get fiat flowing into LTBC through exchanges, the better off the coin will be. I understand that you and other contributors have to earn a living, but IMHO the best way to do that is by having a liquid market in LTBC (to BTC or directly to fiat). Allowing LTBC to be purchased (directly or indirectly) through other means will just distort the market. In general, just make the statement: "LTBC is the currency of the Let's Talk Bitcoin network, and it is the only currency we accept for payment. If you want to buy anything from us, you must obtain LTBC." I understand that it might be wise to transition to this philosophy over time, but I think that it makes a lot of sense.
