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segaboy81

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Location: Between San Fransisco and New York City.

Hi! I was browsing through the LTBCoin rich list this morning. I'm curious why the wallet at the top has 82% share in total funds distributed?

Posted on July 27, 2014 at 7:53 AM

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• Cryptonaut

  

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  Location: Canada

  going to take a wild guess and say that is probably the main token issuing account

  Posted on July 27, 2014 at 7:54 AM
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• segaboy81

  

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  Location: Between San Fransisco and New York City.

  Shouldn't it be empty after a distribution?

  Posted on July 27, 2014 at 7:55 AM
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• adam

  

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  Posts: 1980
  Location: California, USA

  @segaboy81 Hi! I was browsing through the LTBCoin rich list this morning. I'm curious why the wallet at the top has 82% share in total funds distributed?

  I believe the majority of those addresses are controlled by me, and the rest by people creating content for LTB. Much of the initial disbursement is still being spread out (I'm trying to do another round of people we owe today)

  Also there are things like the C*O level vesting pool, the total about 8 million that the LTB corporation has for the money we spent plus the portion I earned from content creation, we just finished distributing the 10 million for the forums fund, have 7 million in partner funds sitting there. etc etc etc

  Basically LTBc is our ammunition, we have a lot of it. Some is being used now, more will be used faster as new technology comes online.

  Posted on July 27, 2014 at 7:59 AM
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• adam

  

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  @cryptonaut going to take a wild guess and say that is probably the main token issuing account

  No, this is the Partner Funds LTBc wallet from the initial distribution. We don't yet have a purpose for it, but i've been thinking we'd have a bounty for internet radio stations where we pay them a fixed amount of LTBc per month to run our content for their audiences.

  Point is, it has a purpose but is not yet active. We could have just not created it, but the schedule said it was to be created during the initial distribution.

  Some of the content creators are probably getting big accounts too since they're pumping out content getting paid hundreds of thousands and not doing anything with it yet.

  Posted on July 27, 2014 at 8:02 AM
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• segaboy81

  

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  @adam, thank you for making all of the information, tools, etc. publicly available for all.

  Posted on July 27, 2014 at 8:02 AM
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• adam

  

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  Location: California, USA

  You'll see some big movement today, I just awarded contributors to the show for episodes 126-129 plus Andreas finally has his address on file so I was able to send him the LTBc he was owed for last year (over a million)

  Posted on July 27, 2014 at 9:56 AM
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• bobjohnson12321

  

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  Was given my first LTB today. Thanks for that, love this whole concept.

  Posted on July 27, 2014 at 10:21 AM
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• jamesmm

  

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  Posts: 131
  Location: Texas, Block #301130

  Can I put Andreas as my referral? Really he's how I know of LTB, :) It was that dinner video, I could praise him or curse him :) IDK which it should be...

  Posted on July 27, 2014 at 11:42 AM
  Last Edited: July 27, 2014 at 11:42 AM
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• adam

  

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  @jamesmm Can I put Andreas as my referral? Really he's how I know of LTB, :) It was that dinner video, I could praise him or curse him :) IDK which it should be...

  Yeah you can put whomever you want - his username is "andreas"

  Posted on July 27, 2014 at 1:40 PM
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• bitsol

  

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  Posts: 496

  What is the LTBC rich list???

  Posted on August 16, 2014 at 11:59 AM
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