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Will the LTB Network require advertisers to use LTBcoin?

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pooleja

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In order to give a definite price to LTBcoin, does the network have to switch over to 100% LTBcoin revenue?  I'm guessing that ads/etc could be sold at the equivalent market price to USD or BTC, but I am unsure how that would affect the price of LTBcoin itself.
Has anyone already thought about this?  If the network coins concept takes off, this could be something that others are interested in as well.

Posted on March 25, 2014 at 3:11 AM

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• cc5alive

  

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  It seems to me that requiring all items within the LTB ecosystem to be purchased/sold with LTBcoin is the truest way to give them value.  It will be interesting to see if the prices are denominated in dollars so that the quantity of LTBcoins adjust to reflect the cost of a service, or if it will be denominated in LTBcoin and the real-dollar cost will adjust according the market rates.

  Posted on March 25, 2014 at 4:59 AM
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• cc5alive

  

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  I know this will be a tough choice though. It also forces a level of adoption from potential advertisers or other users...
  So the real question is whether the amount of advertisers who want to use it are willing to go through the step of acquiring LTBcoin (and thus adding value to it) OR if that causes some advertisers to go to another network where it's easier to purchase advertising.
  Here's a thought for Adam (that may likely have already been considered): maybe it will be possible for people to use a merchant service to pay for LTB services in cash, but that merchant service would be tied to some form of exchange so the cash still transfers its value to LTBcoin and LTBcoin is still the only thing used for services within the network.

  Posted on March 26, 2014 at 12:33 AM
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• pooleja

  

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  Like a reverse Bitpay :)

  Posted on March 26, 2014 at 12:34 AM
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• AbdulaOblongata

  

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  Who exactly will the advertisers be buying the time from?  My current understanding of LTB coin is that it will be a decentralized network, so who gets to decide how much an ad space costs and who does the LTB coin payment go to.  If the LTB coins for ads are being paid to one person or one group of people, it would seem that they would gain more control over the network and coin distribution as the it grows and the value of advertising goes up.  Is anyone working on a way to distribute ad revenue to the network content creators, or will there be no network wide advertising space, but instead each content creator will be accepting the LTB coin for ads in their individual shows?
  

  Posted on March 30, 2014 at 5:26 PM
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• eddie

  

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  I can't imagine Easy DNS and other sponsors going through the hassle of figuring out the Counter Party wallet until it's easy as bitcoin. This creates a conflict of interest if LTB accepts bitcoin that doesn't go into the LTB ecosystem. Maybe the problem can be solved by early adopters spending their LTBcoin to sponsor the show for their own self interest.
  
  If you want an empirical answer, you need to know how many people here are comfortable with the Counter party wallet. This will give you an idea or what advertisers will feel in regards to using LTBcoin to pay for advertisements.
  

  Posted on April 10, 2014 at 12:58 AM
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