Paul said:
I might be available to attend live via computer. Is it mumble or google plus? Here are some questions I have:
I understand that sponsors will somehow be able to bid for slots on shows. I'm interested in learning how they will indicate their bids. Is there an exchange or trading post for that?
In the beginning there will be a subforum here. It's not created yet because it's not needed yet, although I guess there's no harm setting it up and populating it with the currently available showsWhat percentage of sponsor bids go to the content producer?This is still up for debate and I'd welcome your opinion here, I view this whole experiment as a bootstrapping technique, which is to say it should incentivize growth of the audience while relieving content producers of early sponsors understanding the value, or frankly even the mechanics of what we're doing here. The plan at this time is to have 0% of actual sponsor funds go to content producers, but to tie a significant percentage of the new LTBcoin issuance to the relative revenue of each show/blog.
That's a hell of a sentence. What it means is if there are five shows, one makes $1000 in sponsor revenue, one makes $100 in sponsor revenue and one makes $8900 in sponsor revenue, the 100,000 LTBcoins to be distributed over that time period via this incentive structure (say, a month) would be 10,000 going to one, 1,000 going to the second, and 89,000 going to the third.
The sponsor revenue itself will probably be the profit of the network, which means that the network would take on the fail risk of not having sponsors, or not very profitable sponsors. I suspect what will happen at first is opportunistic salespersons will buy the sponsorships cheaply because few understand whats happening and are bidding, they'll then go sell them to sponsors who actually would get value from them for a higher price and probably charge Bitcoin. Whatever the difference in the price they paid in LTBcoin (which might have been free to them) and what they sell the spot to a compliant sponsor for is their profit.
The thought as mentioned is a year where 100% of that incentive fund comes from the new coins being issued (a split of the content allocation), year 2 it's 50/50 Sponsor Rev and New Tokens and year 3 it's 90% to the content creator with 10% to the LTB platform.Likewise, will show producers bid on exclusive content?I didn't address the coming interface, but the goal with content is to have producers set a price, and then have a "claim" period of say three-twenty four hours depending on what the producer wants where someone will have claimed it at the price, but they can be outbid by someone who is willing to pay more.
So if the piece is not in contention, its not an auction. If it is in contention, it's a fast auction that lasts max 24hrs and lets the market properly value it since the creator did not.
We're planning to partner with Coinality.com and help them expand into this space, if anyone is interested in working on that project they're looking for a qualified CTO to help us build out the platform with a token :)Will ltbcoin be used by audience to give feedback on the quality of content? How?Firstly, Tips! The audience is going to be heavily incentivized to tip frequently because if they're tipping at a time when few others are, it will be profitable for them. LTBcoins will flow like water at least for the first year, and the distribution is designed to reward people for being generous. Tips are going to be a fairly prominent metric on the new LTB and will be integrated in multiple ways.
