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LTBcoin Launch Day Distribution

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• springY

  

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  i agree

  Posted on March 18, 2014 at 6:52 AM
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• hisun

  

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  ??????????????????????
  

  Posted on March 18, 2014 at 8:49 AM
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• Shatteredzen

  

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  Adam said: 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.
  

  I think an IPO style anything is jumping the shark and taking a great idea into the realm of essentially every other alt coin. Aside from producing unintended consequences, it is an immediate gratification that is unnecessary and even harmful if the idea is to grow in the long term. The worst thing to deal with aside from launching the system as a whole would be launching it in the middle of a huge speculative bubble as surrounds many promising IPO's. If need be, a funding round could be initiated later by either the developers or the community as a whole but I think we might be surprised at the potential this has for sustainable growth for the community if we focus on big picture issues rather than one time funding drives.
  

  Posted on March 19, 2014 at 5:25 AM
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• Andaloons

  

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  Adam,
  
  I've got another question about the distribution of LTBcoin.  For example say the initial release of LTBcoin goes perfectly as planned and all the recipients are happy with their coins.  As a part of the audience community I get 1 LTBcoin the first week.  Then theoretically the coin takes off and the price per coin increases dramatically.  Would you change the scale of distribution based on the coins exchange value?  Basically what I am asking is if the coins are worth 1BTC each would you still distribute them in the same manner over the entire scope of the 5 year release?  It just seems ridiculous to me that you would hand out say $1000 to someone in the audience. 
  

  Posted on March 20, 2014 at 11:39 AM
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• adam

  

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  Andaloons said: Adam,
  
  I've got another question about the distribution of LTBcoin.  For example say the initial release of LTBcoin goes perfectly as planned and all the recipients are happy with their coins.  As a part of the audience community I get 1 LTBcoin the first week.  Then theoretically the coin takes off and the price per coin increases dramatically.  Would you change the scale of distribution based on the coins exchange value?  Basically what I am asking is if the coins are worth 1BTC each would you still distribute them in the same manner over the entire scope of the 5 year release?  It just seems ridiculous to me that you would hand out say $1000 to someone in the audience. 
  

  Nope, once the rules are in place those are the rules.  I'm fine with someone in the early audience winding up with a good profit from their time spent with LTB.

  Posted on March 20, 2014 at 2:55 PM
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• brkb

  

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  Hey Adam, I understand that we need to trust you that you will follow the rules until the coin is fully distributed.

  But would it be possible to limit you somehow from issuing new tokes after the 5 years? Also can we force some hard daily/weekly limits that you would not be able to physically issue more coins then you promised?

  Posted on March 20, 2014 at 11:41 PM
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• adam

  

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  After the last token is issued, the asset will be locked from further issuances.  This is a setting that can be turned on one time and cannot be turned off in the Counterparty Protocol.

  Posted on March 21, 2014 at 12:03 AM
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• brkb

  

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  Thanks! This is great

  Posted on March 21, 2014 at 1:32 AM
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• Shatteredzen

  

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  Is there a plan yet on how everyone will get an address before the distribution? Any updates on the wallet software?
  

  Posted on March 21, 2014 at 3:05 AM
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• PTheD

  

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  I would also like to know about how I might be getting an address.

  Posted on March 21, 2014 at 3:17 AM
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