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LTBcoin Launch Day Distribution

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• max

  

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  Adam said:

  led_lcd said: Do you think that 'selling' some amount of LTBCoin would be contradictory to what you see for LTBCoin?
  
  There isn't any single 'fair' way. However, I do like the Dutch Auction.
  
  http://www.investopedia.com/terms/d/dutchauction.asp
  

  I'm not fundamentally against it, I have been reticent to "sell" LTBcoin in this way because I don't want there to be any confusion if this is an IPO.  It is not.  It is just a shift in our business model that has us tokenizing our ecosystem both for tracking, valuation and to better allow LTB's interaction with the rest of the economic world. It's quite easy to create buy / sell orders via Counterparty and I'm sure people will be selling (and others will be buying) LTBcoin right from the very first day. So why not set aside a small portion of LTBcoin for an "IPO" style fundraiser to acquire some initial BTC funds for LTB?
  

  Posted on March 9, 2014 at 7:57 PM
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• adam

  

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  I don't disagree, i'm just saying that if LTB does that then it sorta implies we're selling something, when if we don't fundraise in that way we are not.  Even though this is clearly not an IPO, even using "IPO style fundraiser" has potential unintended consequences in a world where regulators do not understand what we are doing.
  

  Posted on March 9, 2014 at 8:07 PM
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• triox

  

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  What about hosts of other shows on LTB network? It'd be nice to reimburse them proportionally for past shows. 

  Posted on March 9, 2014 at 11:13 PM
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• adam

  

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  triox said: What about hosts of other shows on LTB network? It'd be nice to reimburse them proportionally for past shows. 

  I'm of mixed feelings on this as all the shows on the LTB network started two months or less ago and are all less than 10 episodes in.  Since all these shows will be involved with the week 1 content distribution, they'll be doing so the very first "day of mining" so it's going to be incredibly high paying in LTB relative to any other point in LTBcoin history.  
  
  That event, plus the newness of each show had me thinking they'd be happy just being onboard the first and highest paying month of LTBcoin.   If I've misjudged the situation, I'm happy to have the conversation.  @Paul?  Lij?

  Posted on March 9, 2014 at 11:38 PM
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• Coins_O_Freedom

  

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  LTBcoin will truly be a new coin innovation.  I am a regular listener on Sticher but first-time poster.  I believe the old world equivalent to LTBcoin would be something like an Employee Stock Ownership Plan (ESOP).  However, this offering is more like an ATOP (Associate Token Ownership Plan).  The ownership in this case is in the currency accepted by the movement.  I don't believe just any company or network could duplicate this effort, since I believe there must be a legitimate movement to sustain the value of the currency.  LTB is in fact such a movement.  Coingratulations!
  

  Posted on March 10, 2014 at 4:24 AM
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• sumantso

  

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  Quite intrigued to see how this experiment will turn out. If this is successful expect a whole host of coins to be issued. If they do over Counterparty, it should be easy to exchange them.
  

  Posted on March 10, 2014 at 5:38 AM
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• Coogr111

  

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  I foresee the LTB network's listener base growing enormously. The third and fourth layers are coming!

  Posted on March 10, 2014 at 5:44 AM
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• ney

  

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  Does LTBCoin have a wallet like other altcoins?

  Posted on March 10, 2014 at 1:39 PM
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• Andaloons

  

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  I believe this LTBcoin will have a ton of value, because it is the first coin of it's kind and because the LTB network will continue to grow. The people that listen to LTB on a regular basis definitely have a interest in owning this new coin (myself included.) Maybe part of the distribution could be to people/addresses that have tipped posts on the network in the past?

  Posted on March 10, 2014 at 3:16 PM
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• adam

  

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  Does LTBCoin have a wallet like other altcoins?

  Once it is released yes, but it won't be a satoshi client. It will support Bitcoin, XCP, LTB and all other assets created on XCP

  I believe this LTBcoin will have a ton of value, because it is the first coin of it's kind and because the LTB network will continue to grow. The people that listen to LTB on a regular basis definitely have a interest in owning this new coin (myself included.) Maybe part of the distribution could be to people/addresses that have tipped posts on the network in the past?

  We have talked about this, but the logistics are very difficult given how many unique, small tips we've received over time.

  Posted on March 10, 2014 at 3:54 PM
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