The LTB Network Forum

We’ve established that “Proof Of Work” as it pertains to LTBcoin, could be any action that contributes value to the LTB network.  This means that when establishing a distribution protocol for LTBcoin, or any DAC, we are free to choose from any number of actions to measure proof of work.
Some examples of proof of work that are being discussed are proof of publishing, proof of comment, proof of registration, proof of learning, proof of tipping, or proof of social sharing.  We can imagine a variety of additional actions that might add value to a network (here is a more complete list). 
The question is, given such a long list of possible metrics to work with, which ones do we emphasize?  How do we measure one type of “work” compared to another?  How much more value does “proof of publishing” a video have compared to “proof of sharing” that video, as compared to “proof of commenting” on that video?
The Case For A Tip Faucet 
When users tip any piece of content, it proves that the content has value.  In theory, a piece of content that receives more tips has been deemed more valuable by the community.  While up votes or down votes could have any amount of meaning to each person who clicks, tipping provides a far stronger indication of the real value of any content.  
If we consider an example whereby the LTBcoin distribution protocol includes a weekly tip fund (or faucet), then any contributor or piece of content that receives a tip would also receive a percentage of the tip fund as an additional bonus.  This would ensure that the network’s system of rewards closely matches the value of content as judged by the community itself.  The tip fund would also magnify the value of any tip received by any contributor or piece of content.  
The LTBcoin distribution protocol would have to determine the size of the tip fund, and if that amount should be based on the total amount tipped, the total number of individual tips, or some weighted average (if one piece of content happened to receive an oversized tip it would skew the network’s percentage of the contribution so perhaps a broader methodology could be incorporated to discourage abuse).  
For example, let's assume that every week 100,000 LTB coins will be issued by the network to enhance any tips received over that week.  The fund could be split into two parts, 50% of the pool is divided equally among all contributions that received any amount of tips, and the other 50% is divided by the proportionate amount of the total tips that any single piece of content received.  This would in effect provide additional reward to anyone who received a tip, and provide a proportionately greater reward to the people or pieces of content that received the most tips.
How do we prevent someone from tipping themselves to increase the amount the network pays from the tip fund?   Assuming only registered users could provide a tip, there would have to be some effort at preventing multiple spam users from entering the system.  Plus there would be no sure way to know if you were tipping enough to make it more valuable to add that tip or not.
Another possible answer would be that for tips in Bitcoin, registration with the network is not required, but to tip in LTBcoin, user registration is required, and the network will only include tips by registered users to qualify for part of the tip fund.
In theory, any particular comment, video, blog post, podcast, or just about any piece of content at all could have its own tip jar (LTBcoin wallet address) and participate in the tip fund.  This means that audience members who are not even publishing content could also earn tips and earn part of the tip fund.  The result would be a community hell bent on earning tips… what could be more fun?