@robmitchell
I wanted to share my experience with LTBcoin's value, to date. My first transaction was for design work, and I was paid in LTBcoin, at an agreed upon value of $0.01/LTBcoin.
Next exchange of LTBcoin was the first user drop, and I was surprised how substantial it ended up being.
And I've agreed to purchase a display ad on LTB.com (one of three ads auctioned off), at a price of only 1100 LTBcoin. I think that was a screaming deal, even at the higher valuations I've seen of LTB. If the ad bidding stays in this range next week, I will try buying a couple of print ads, and reselling one or more of them to friends with Bitcoin companies, who aren't in the ecosystem (with LTB's approval). It's a roll I thought about pre-coin, and was excited to see Brian Cohen jumped right into that roll with the podcast ads.
@Adam I'm wondering if the model is extremely generous to early users by design, or if there just are less users early users than projected? (and I'm sorry if this has already been discussed, or projections are in your documentation)
Please slip right into that role of buying ad space on LTBN and selling it off to third parties. That's exactly how the system is designed to work and any community member who wants is encouraged to act as a go-between to the outside world. It basically saves the hassle of having "sales reps". Everyone can be an LTBN sales rep whenever they like. We will be putting up proper advertising guidelines so everyone knows what's acceptable on the network, but basically it's no sex, drugs or weapons.
So, the idea is that if you own LTBC, you get a more direct access to everything and can buy at preferential rate and make money on your work/investment.
As regards being generous to early users, all distributions of LTBCoin are intended to be inversely proportional to the number of users. When there are fewer users on a project, they are individually contributing more to the project as regards building it and keeping it going. It's also riskier to support a new system like LTBCoin, so the earlier adopters deserve more for taking that risk. As membership grows and the value of the whole system becomes more obvious, then the amounts given out will tend to be less.
