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Would You Pay for Early Access? What about all articles-as-audio for commuters?

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  • adam

    @tim-tams I probably wouldn't pay but only because I try to hardly ever spend money on anything. I would love to have some articles as audio, but again, I probably wouldn't pay for it. Still, let me know if you need help recording and of those.

    would you pay LTBcoin?

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  • tim-tams

    Ahh good question. I suppose if I had some extra lying around (which I don't yet, because I haven't earned any) then I might be willing to pay now and then if I wanted something early. I probably wouldn't subscribe for early shows or anything though. I'd just want to pay when an episode looked interesting.

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  • MorgUK

    I love audio but are the articles long enough to be in audio format? I wouldn't want loads of small 5 minute audio clips.

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  • erreip

    @spengler I like the idea of having all of the site's content made available in audio format. For people such as commuters it will save a great deal of time (you can't read while you drive). Personally this opportunity for efficiency with my use of time would be much more valuable to me than getting the podcast early.

    I'm with you on this one. A cool idea also, would be to turn OLD posts to audio. Perhaps the community can put forth their time to create the audio files and share them via Dropbox or the like. The pinch would be reviewing said audio for quality :(

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  • fernando

    I don't think there is a huge value in having things one day early. The content is not so time sensitive. I enjoy it a lot just for that, it doesn't stress me. Whenever I get time I listen to several shows in a row and they feel current.

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  • malacalypse

    Whether it is for early access or something else I think it must only be priced in LTBc. As a user that is accumulating LTBc I need something to spend it on. And keeping everything in LTBc will help drive the economy of the LTB ecosystem. That being said I probably wouldn't pay a subscription for either early access or articles as audio content. Or at least I don't think I would. Would be great to be able to order "premium" content up on ad hoc basis vs subscription model. This would provide a way for people to dip their toes in without committing a lot up front. Would also be a way to tease people with greyed out content, which might make them more willing to shell out a few LTBc to get access. It would probably work on me :)

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  • Frank Kern

    It is interesting! But it should be only in LTBc.

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  • adam

    @malacalypse Whether it is for early access or something else I think it must only be priced in LTBc. As a user that is accumulating LTBc I need something to spend it on. And keeping everything in LTBc will help drive the economy of the LTB ecosystem. That being said I probably wouldn't pay a subscription for either early access or articles as audio content. Or at least I don't think I would. Would be great to be able to order "premium" content up on ad hoc basis vs subscription model. This would provide a way for people to dip their toes in without committing a lot up front. Would also be a way to tease people with greyed out content, which might make them more willing to shell out a few LTBc to get access. It would probably work on me :)

    I suspect the majority of things we offer as premium will accept both LTBc AND Bitcoin, it'll just be cheaper in LTBc and you probably will have gotten yours for free anyhow so you dont have much cost associated with the spending.

    But yes, per-piece is required.

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  • adam

    I'll answer the unasked question: Why also accept BTC

    Because we own the content, and can set the prices we have the ability to create what I call "attractor pegs"

    A peg, generally, is when you say THIS ITEM IS THIS PRICE and offer to buy and sell at that price in order to enforce it. We don't want to do that.

    Instead, we'll take say a game show token - It will sell for both LTBc (1) or bitcoin (.0001) - Both are very very small amounts of value, but the LTBc amount is significantly less expensive even if you were to buy it at a market price. This means that if a person only has bitcoin and they want to maximize their purchase, they will have a good reason to acquire LTBc and purchase with that instead. In order to purchase LTBc to use in this consumptive way, they must purchase it from someone who first acquired it from us for one of our incentivized roles, or traded for it from someone who did.

    Each thing like this we set up, that people actually use - where they show they are willing to pay the BTC price and others are willing to pay the LTBc price, these transactions reinforce the value of LTBc is tangible and useful in the same way as bitcoin.

    Money is a confidence game, it's about making things normal. The more uses people have and the more those come in contact with bitcoin denominated prices without being tied to those prices, the more reference points the market has to judge the value, the more accurate the trade prices will be.

    And the people who want to maximize their impact will be the demand even outside of sponsors putting value into the system.

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  • Tron

    I like the idea of having audio for all text - even if it is computer generated. Audio content could be meta-tagged if read by a human. I don't know if it would work to have listeners pay, but a marketplace for those reading audio and publishers seems like a good idea.

    I don't like the 'paying for early access' idea.

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