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Re: "Posts That Pay" Forum Anti-Spam System Proposal

Mmmm... ok. I feel a little silly for not seeing that at the beginning. But this approach makes sense to me now.

So, in my mind, this is a LTB Points system. But we don't call it ltbcoincredits. We call it something else and the ratio of LTBCOIN to points is not 1 to 1.

For some reason, I have it in my head that the credit was only for forum posts. Can we use the internal credit (points) for other things? Would it be a divisible token that we could use for tipping small amounts?

Some quick brainstorming examples of what we might want to use the credit for:

• paying for up or down votes
• tipping other users and content creators
• promoting posts
• buying display ads
• buying profile flare

Re: "Posts That Pay" Forum Anti-Spam System Proposal

@adam But LTBCOIN is not like microsoft points, this is why I think its better to have an abstraction that can be fixed value and literally be property that people purchase for its utility. It's functionally the same in terms of what it does for us, but it's a use of LTBCOIN not LTBCOIN itself which we want to have all its functions wherever it is being used. If we integrate LTBCOIN it should be two way.

I agree a two-way integration is the ideal thing here.

But I'm trying to avoid it because I think a one-way implementation is significantly easier when dealing with the legal and security issues.

Re: "Posts That Pay" Forum Anti-Spam System Proposal

@adam So you want to remove the abstraction of a post oriented credit. If we do that I don't see how we get away with not letting people exchange LTBc credits for LTBc. If we make people put it into a pre-paid post but still let them trade it within the platform there is no compulsion to let them change it back to LTBc because there is a natural path to do so (make a post that isn't spam and don't get it paid back to you as more credits)

Does that make sense?

I see it this way for an established user:

• Let users specify an automatic "top up" amount in their account. I set it, for example, to 5,000 ltbcredits.
• Then, in a given week, say I spend 2,000 ltbcredits on forum activities.
• Because my posts were liked and were not spam, I get a weekly distribution of 3,000 LTBCOIN.
• I receive 1,000 LTBCOIN via the counterparty network. The other 2,000 is automatically converted to ltbcredits and instantly added back to my account.

How do we get away with not letting people withdraw ltbcredits? Well, we just don't allow it. Think of it like Microsoft Points on XBox Live. You must pre-pay for them and you don't get your money back.

However, people can use their points to post well-liked (or upvoted) content and earn LTBCOIN at the end of the week.

We do not want to be an exchange or anything close to a MSB. If we do a deposit-only, then people are simply redeeming points to use our software.

Re: "Posts That Pay" Forum Anti-Spam System Proposal

@adam @deweller Can you articulate the differences from what I'm proposing?

After reading your post again with this in mind, I see only a few differences.

You suggest: 100 LTBCOIN = 1 postcredit
I suggest: 100 LTBCOIN = 100 ltbcoincredit

You suggest requiring 1 or 2 postcredits to reply or start a topic.
I suggest requiring 100 or 200 ltbcoincredit to reply or start a topic.

You are suggesting the majority of the forums require a paid access token. I think this can be implemented as a separate project before or after the credits system is implemented.

We agree that users should be rewarded in LTBCOIN from the new credits gained by this system.

I am also suggesting that on our platform, ltbcoincredits can be spent in the same way that LTBCOIN can be. So if you acquire ltbcoincredits, you can redeem them (instantly!) for things sold by our platform.

Re: "Posts That Pay" Forum Anti-Spam System Proposal

My dream is to see LTBcoin used more directly to solve these problems.

Instead of introducing a posting credit, can we just create an LTBcoin credit (LTBCcredit)?

People could send LTBcoin from their counterwallet and top up their LTBCcredits, so that adds utility. And if we add the ability to promote posts with LTBCcredit, that could make LTBcoin very useful indeed.

By making every post cost some amount of LTBCcredit, that adds utility and fights spam.

And I think the weighting solution should absolutely be consumptive. It should cost LTBCcredit to upvote or downvote. But you should also be rewarded LTBcoin by doing so (not sure how yet).

I think we have the opportunity here to launch the first upvote-downvote forums that have a real economy.