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Technical Question: Should the website hold LTBcoin balances for users?

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• deweller

  

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  Location: Nashville, TN

  I'm working on a proposal for this right now. We want a solution that is secure and convenient as possible, and those are often competing objectives.

  Posted on July 12, 2014 at 11:54 AM
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• catlinhappy

  

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  @deweller The ideal situation is that LTBcoin is only ever held in CounterParty.  No one wants to get Goxed.But, as I started thinking through the implications of this, I realized that there are some real technical challenges to overcome.Here are a couple that I thought of:1) How do we handle the fees for weekly distributions?Imagine distributing LTBcoin to 1,000 users every week?  How about 10,000? How about 50,000?  There are fees for each Counterparty transaction.  After implementing proof of tip and proof of comment, we could be paying fees on sending hundreds or thousands of small LTBcoin transactions every week.  This is fundamentally a problem about micropayments.Imagine a user who made one comment during the week.  Is it feasible to pay 5-10 cents in fees to send a couple LTBcoin to that user at the end of the week?2) What about a user who comments but doesn't have a Counterparty address associated with their account yet?Do they just lose their payment for the week?  Where does it go?

  you have a good thinking.

  Posted on August 12, 2014 at 5:57 AM
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• Rob

  

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  Location: California

  @deweller I'm working on a proposal for this right now. We want a solution that is secure and convenient as possible, and those are often competing objectives.

  I thought the were always competing! Excited to see what you come up with.

  Posted on August 12, 2014 at 6:34 AM
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• gotnavigator

  

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  Location: southern USA

  I don't think you need to enforce a maximum level account balance. That does not jive with the spirit of the project in my view.

  Chain Radio is Bitcoin Radio

  Posted on August 12, 2014 at 6:44 AM
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• montello

  

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  @gotnavigator I don't think you need to enforce a maximum level account balance. That does not jive with the spirit of the project in my view.

  Chain Radio is Bitcoin Radio

  That is just it, that what am thinking.

  Posted on August 23, 2014 at 8:37 AM
  Last Edited: August 23, 2014 at 8:37 AM
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