I totally agree I also tested the waters.
It is a proper scam, they are tracking you and all your friend's profile.
It is a profanity and an abomination to the principles and ideologies of Satoshi and the whole Bitcoin eco system.
It is because they think if you throw peanuts monkeys will dance.
I could be wrong, but I don't really think they give a damn about you and your friends. All they want is to make sure that they aren't handing millions of stellars over to a script kiddie that can generate thousands of new facebook accounts and thousands of fake friends in minutes. They want their distribution to be fair and spread across a very significant portion of people all around the world.
Facebook is currently the best way to verify the most amount of people. No other network has as many legitimate users as facebook does, so it makes a little bit of sense to verify legitimacy this way. Do I think that it should be the only way? Absolutely not. I'm confident they think that also and will be adding more verification methods rather soon.
@toplel seems unnecessary, just another btc clone, we have btc for everything
Stellar and Ripple are actually vastly different that bitcoin right down to the very consensus method used. In fact, they are currently much more centralized, which is why people refer to them more as distributed networks currently than decentralized ones. Both networks are also far more viable for frequent microtransactions than bitcoin is in its current state. Both networks are also consume far less resources to sustain than btc.
So no, I will not agree that it is just another btc clone. There are many, but these two networks are legitimately new concepts. That's not to say they're the answer for anything, or that they are even good. Merely that they are pretty significantly different and worth examining.
@toplel seems unnecessary, just another btc clone, we have btc for everything
Couldn't agree more. Oh and wait i have to signup to get them so ama keep away.
I'm sorry to hear that. I'm also sorry that you had to sign up the LetsTalkBitcoin in order to receive "free" LTBc. I'm also sorry that you had to download software and register your wallet and expose it to the internet in order to obtain and hold bitcoin. Just sayin' :P
@mike I want to clarify 3 points.
1.Throughout last 5000 years of history centralized monetary system have failed, is failing, will fail in future. My understanding is that it will not liberate humanity but only keep them as slaves.
2.I will not agree facebook is the only way to identify legitimate users, they are many other ways for example you can track legitimate user by the ip address.
3.If ltbcoin or any other coin for that matter would have asked for facebook account or google account as mandatory requirement, I would not have signed for it.
