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LTB4Ben

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Location: Somewhere between the coins and the mining field

Guys, check this out:

http://goo.gl/PXwbrS

Whaddya think..? Pretty ambitious, huh..? :D

Posted on October 1, 2014 at 8:29 AM

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  I saw this yesterday on reddit. I wonder exactly what they will come out with? could it be something like LTBc?

  Posted on October 1, 2014 at 8:35 AM
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• LTB4Ben

  

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  No idea... It's too early to tell... :3

  Posted on October 1, 2014 at 8:40 AM
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• adjiadjo

  

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  they claim "This idea has never been done before" , let's wait and see , is it really new concept or not :)

  Posted on October 1, 2014 at 10:50 AM
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• Cut

  

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  how much price that coin for bitcoin ?

  Posted on October 1, 2014 at 11:31 AM
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• fernando

  

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  @adjiadjo they claim "This idea has never been done before" , let's wait and see , is it really new concept or not :)

  They can say what they want, but to me it sounds really similar to LTBc. They give a specific amount (10% of shares), so this could be an asset that is distributed in small pieces represented by tokens. They say they will reward those who have helped, so this could be a first distribution based on karma. Then periodic distributions.

  Posted on October 1, 2014 at 5:39 PM
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• Cryptonaut

  

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  @fernando

  @adjiadjo they claim "This idea has never been done before" , let's wait and see , is it really new concept or not :)

  They can say what they want, but to me it sounds really similar to LTBc. They give a specific amount (10% of shares), so this could be an asset that is distributed in small pieces represented by tokens. They say they will reward those who have helped, so this could be a first distribution based on karma. Then periodic distributions.

  hmmm maybe we can help them out with those distributions ;)

  Posted on October 1, 2014 at 8:45 PM
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• Omnibus

  

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  I think this will be very popular among reddit users, if it's a 10% share distribution I'm curious to know what the legal side of it is (not that I really care fundamentally).

  With LTBc I pretty sure no one has ground to go into legal action for anything but with a user base the size that reddit has and the value of their site content it will probably raise some questions how to treat the distribution.

  Posted on October 1, 2014 at 9:27 PM
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• fernando

  

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  @omnibus I think this will be very popular among reddit users, if it's a 10% share distribution I'm curious to know what the legal side of it is (not that I really care fundamentally).

  With LTBc I pretty sure no one has ground to go into legal action for anything but with a user base the size that reddit has and the value of their site content it will probably raise some questions how to treat the distribution.

  That is a very good comment. With those 50 million USD they have raised I'm sure they can pay a lawyer of two, it is gonna be interesting. To the value of that 10% of Reddit you must add the fact that most people don't user their own name. My guess is that anyone willing to claim their stake is gonna need to ID themselves.

  Posted on October 1, 2014 at 11:59 PM
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• kinko

  

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  No idea... It's too early to tell... :3

  Posted on October 12, 2014 at 8:01 PM
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• range_ranitzky

  

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  I think that is a great approach of reddit, to give back to the community.

  Posted on October 13, 2014 at 7:24 PM
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