Wow, I just figured out that I will need over 2 million LTBC to make $2000. I would like some help in picking up my weekly disbursements. Does anyone have any suggestions?
The LTB Network Forum
Quite discouraging
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Posted on August 9, 2014 at 6:09 PM
Writing quality articles that get published on our front page is probably the biggest way by far
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Posted on August 9, 2014 at 6:37 PM
@cryptonaut Writing quality articles that get published on our front page is probably the biggest way by far
I would add to this that while:
I will need over 2 million LTBC to make $2000.
It truly is the value that you add to the network that will make that exchange rate better for everyone in the future. Perhaps its bringing more traffic to the site by recommending friends. Or, brainstorming a host of LTBc applications that others have not thought of yet to make the idea of owning LTBc more valuable than getting rid of it.
@sbatz72 , I am encouraged by how much value you are going to add to the network in the future!
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Posted on August 9, 2014 at 7:43 PM
+1 for kereloops. I am not much of a writer but I think the whole design of this site is the amazing. It's an experiment I know, but you basically get paid on good your contribution is.....whatever it is. If it makes the site better - you get paid. No bosses to suck up to, no training, no staff meetings. Ingenious. There has to be a lot of businesses that could use a similar model.
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Posted on August 9, 2014 at 8:04 PM
@swimmer63 +1 for kereloops. I am not much of a writer but I think the whole design of this site is the amazing. It's an experiment I know, but you basically get paid on good your contribution is.....whatever it is. If it makes the site better - you get paid. No bosses to suck up to, no training, no staff meetings. Ingenious. There has to be a lot of businesses that could use a similar model.
We are counting on it....
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Posted on August 9, 2014 at 9:20 PM
I think it's a mistake to look at current valuations for LTBc and make decisions about participation based on that.
Adam designed this to be a system where many people get to share in the LTBc in the early days, when it is building value. And he correctly predicted that this large initial issuance would lead to a depressed price in the near term.
Long term value totally depends on how this experiment works of course; there is risk.
Conclusion:
Contributing time & effort here only makes sense if you think real value is being created.
Last Edited: August 9, 2014 at 9:22 PM2 likes -
Posted on August 9, 2014 at 10:27 PM
@sbatz72 Wow, I just figured out that I will need over 2 million LTBC to make $2000. I would like some help in picking up my weekly disbursements. Does anyone have any suggestions?
Well, 2 million now, with current valuation. On the other hand, don't you think it is pretty damn awesome to think, you could just write a quality article, just one, and you'll get paid? No interview, no resume, no nothing. Just produce something of quality, and ta-daa, LTBc in the wallet.
Exactly! Quite amazing indeed!
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Posted on August 9, 2014 at 11:20 PM
I think that in few months you would need 10 time less LTB to reach 2000$ due to the increasing popularity of the website.
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Posted on August 10, 2014 at 12:16 AM
@sbatz72 Wow, I just figured out that I will need over 2 million LTBC to make $2000. I would like some help in picking up my weekly disbursements. Does anyone have any suggestions?
Well, 2 million now, with current valuation. On the other hand, don't you think it is pretty damn awesome to think, you could just write a quality article, just one, and you'll get paid? No interview, no resume, no nothing. Just produce something of quality, and ta-daa, LTBc in the wallet.
Yes, that is pretty damn awesome. I did not realize those who write articles are getting a ton of LTBC. I will have to get to work.
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Posted on August 10, 2014 at 3:25 AM
or maybe you can hope that the value of LTB will rise in the future :)
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Posted on August 10, 2014 at 3:37 AM
@swimmer63 +1 for kereloops. I am not much of a writer but I think the whole design of this site is the amazing. It's an experiment I know, but you basically get paid on good your contribution is.....whatever it is. If it makes the site better - you get paid. No bosses to suck up to, no training, no staff meetings. Ingenious. There has to be a lot of businesses that could use a similar model.
Actually. Like all non-automatic systems there is humans involved. And when there is humans involved, things tend to work in favor of those in charge. Not saying things aren't good over here, just saying they ain't perfect.
And yes, I'd love to see the same model applied on multiple other sites and systems.
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