I loved LTBcoin, it made perfect sense as a way to give wealth to content contributors. But in an effort to artificially create and maintain value, or this so called closed walled city, the LTB network is essentially forming it's own centralized power structure through the enforcement of LTBcoin.
Say I'm a cat person, I want everyone to know I love cats, and thus I will buy everything with kittehcoins only. Why can't I continue to express myself on the LTB network? why must I conform to you and trade my kittehcoins for your LTB coins?
What purpose does that serve other than as a way to artificially control the value of LTBcoins and to protect the power structure?
How are you different from the US Government now?
It's especially scary when the idea of Voting came up, so the people with more LTBcoin get to make the decisions? and the poor have no voice?
Holy crap guys, I can't believe I'm hearing this on a LTB network podcast.
To hell with liberty and freedom, it's beginning to feel like just another power grab. Tired and sick of being on the bottom, here comes the bitcoin, those first got on the train will become the next generation power holders.
What happens when you have power? you build a wall around yourself to protect it.
If the LTB network truly believes in the free market, and the quality of the contents it provides, LTBcoin should be released just like every other cryptocurrency, and the free market will be the judge of it's value.
LTBcoin should be more like a stock share, a vote of confidence, a symbol of trust, and less of a currency.
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Last Edited: April 1, 2014 at 9:23 PM
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