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No Price Discovery for LTBCoin is a Problem, But There is a Solution

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• adam

  

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  Location: California, USA

  @kyletorpey

  We're actually going to go one better, there will be a number of token based things that are priced in LTBc and Bitcoin, with those paying in LTBc achieving a greater-than-market-value price to reflect its higher value in our eyes.

  I don't want to make promises but this will show up in some new and unexpected ways soon.

  I appreciate everyones concern about the current market price of LTB, I'm not even paying attention to it. I'm the largest single holder, and I know how much work is going on continuously in the background that will very much change the value equation for holding and using LTBc. More importantly, I know what we're going to do next.

  

  Posted on September 4, 2014 at 8:54 AM
  Last Edited: September 4, 2014 at 8:55 AM
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• adam

  

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  Location: California, USA

  Also it's been mentioned that this is an experiment so I'll not repeat it endlessly, auctioning everything was never intended to be a permenent solution, rather a stopgap that we'd build to.

  In the future we'll have tokens auctioned bulk, for large sponsors or users who want to resell the tokens and if you just want one token you'll buy it from a vending machine for the stated price.

  But in the beginning the prices will be based off bitcoin and LTBc value relative to it.

  Posted on September 4, 2014 at 9:02 AM
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• kyletorpey

  

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  Location: Virginia, United States

  @adam

  Sounds like you guys are making the right moves. Looking forward to the changes. Thanks.

  Posted on September 4, 2014 at 9:11 PM
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• adam

  

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  Posts: 1980
  Location: California, USA

  @kyletorpey @adam

  Sounds like you guys are making the right moves. Looking forward to the changes. Thanks.

  Thanks for playing our game :)

  Posted on September 5, 2014 at 7:38 AM
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• jadair10

  

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  Location: Michigan, USA

  @adam Also it's been mentioned that this is an experiment so I'll not repeat it endlessly, auctioning everything was never intended to be a permenent solution, rather a stopgap that we'd build to.

  In the future we'll have tokens auctioned bulk, for large sponsors or users who want to resell the tokens and if you just want one token you'll buy it from a vending machine for the stated price.

  But in the beginning the prices will be based off bitcoin and LTBc value relative to it.

  @adam, can you give us an update on this subject? It appears that the flow of auctions selling LTB sponsorship tokens, ad tokens, and other LTBn sponsorship tokens has come to a crawl. Consequently I suspect the lack of the aforementioned tokens is causing undue downward pressure on LTBc. You have not received anything from any 3 letter organizations recently have you?

  Posted on November 8, 2014 at 6:51 AM
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• Cryptonaut

  

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  Posts: 1944
  Location: Canada

  @jadair10

  @adam Also it's been mentioned that this is an experiment so I'll not repeat it endlessly, auctioning everything was never intended to be a permenent solution, rather a stopgap that we'd build to.

  In the future we'll have tokens auctioned bulk, for large sponsors or users who want to resell the tokens and if you just want one token you'll buy it from a vending machine for the stated price.

  But in the beginning the prices will be based off bitcoin and LTBc value relative to it.

  @adam, can you give us an update on this subject? It appears that the flow of auctions selling LTB sponsorship tokens, ad tokens, and other LTBn sponsorship tokens has come to a crawl. Consequently I suspect the lack of the aforementioned tokens is causing undue downward pressure on LTBc. You have not received anything from any 3 letter organizations recently have you?

  No 3 lettered legal troubles AFAIK. Definitely has been a bit of a slow crawl though. Primarily this is because most of the token stuff is all still a very manual process and we are still working on building out the infrastructure for redeeming tokens, scheduling, bulk sales etc.. also a lot of dealing with business and planning stuff and we havnt started actively marketing/advertising any of this. Bit of a slow period for us right now, but things should be picking up pace pretty quick here.

  Posted on November 8, 2014 at 9:44 AM
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