Community Directory

Re: Should LTBcoin forum have a sub-category for discussing nothing but new Proof of Work concepts?

The only one I would add as a possibility is Proof Of Referral - if you introduce someone to the network and that person registers an account, would/should that provide a quantifiable value to the network and therefore reward the person who made the referral?  I'll add it to etherpad anyway.
I've thought about Proof of Attendance, like if you attended a conference or something but I think we should focus on only a handful of these proofs to make it easy for everyone to understand (at least at first).

What technological challenges are there related to tracking any of these activities?  Might this determine which proofs are actually tracked and tallied by the network?

Re: What are/should be the core areas that cover all of LTB's coin distribution?

This is a good start.  It might be worth setting up a spreadsheet or graphical chart that shows the expected distribution percentages for each group, over which period of time, and a breakdown on a "proof of work" or "value per action" basis (eg. how much does a video production earn vs a comment, vs a tip, or some other action that supports the network).  
I know Adam has rough ideas for distribution which he explained in another post and I was totally in favor of his concept. I think there are just a few details to be filled in on the valuations of some of the smaller actions, especially for "audience mining" like comments etc. which haven't been quantified yet as far as I know.

Re: How else should the Audience "Mine" LTB? - Proof of Tip and Proof of Comment

Matt said: What about a proof of education model? This feature continuously tests users based on questions derived from content creators and contributors. This would allow users to earn coins just by learning. This could help fuel the next generation of evangelists.

Amazing how ideas can be created simultaneously... I thought of this last night but I called it "proof of learning".  New users have to watch instructional videos about Bitcoin, then pass a short quiz to earn LTBcoins.  I then thought of the idea of "proof of registration" would which tie into the affiliate program - if you refer a friend to the network and they join (sign up, confirm registration, complete short human-based quiz), you get coins and so does the new user.  After registration, the more tutorials/quizzes you complete, the more coins you get and the more coins the friend that referred you gets.  You could in theory earn coins from all of the people you refer to the network, assuming they complete one or more tutorials.  This would in essence reward people for learning about Bitcoin and for introducing their friends as well.
The tutorials could start out simple - eg. how to set up a secure Bitcoin wallet, to very advanced - how to launch your own asset on the CounterParty platform.  Complete the quiz, earn coins, refer your friends.  With this system, every person on the network would have an incentive to introduce newcomers into the network and complete tutorials to earn coin.
For proof of sharing I also thought of "Proof of Tweet" - earn coins by tweeting links to your followers?
I like some of the other concepts here too.  In theory, their could be a proof of popularity, where likes and votes accumulate into coins.  I was thinking of a social network like Facebook, except you are rewarded with coins when your posts are shared - proof of sharing.  
So learning and sharing become the new mining... fascinating.

A Case For Using Conferences To Expand The LTB Brand and Enhance the Network Effect

Conferences could provide an excellent backbone for the LTB network, and by extension, lend value to LTBcoin.  Bitcoin conferences have so far been a great success for most organizers as they have been able to attract a wide range of sponsors, speakers, and attendees for each event.  Both of the two major Bitcoin Conferences I recently attended (Vegas and Miami) were bursting at the seams with attendees.  
Conferences build awareness in the city where they are held, and help form new social and business connections.  While some organizations like MediaBistro are already hosting conferences, there are still plenty of cities that could feasibly host a conference, and there is plenty of room for growth and competition in this segment.

For example, LTB could set a goal of branding one conference per month, each in a different city.  To launch a conference, a group or individual ACT would have to voluntarily accept the role of organizing the conference.  LTB could outline specific parameters that would have to be met to kickstart the conference, including a minimum amount of sponsorship funding, a minimum number of committed speakers, a partner hotel, etc.  
LTB could provide the brand, help build awareness for upcoming conferences, and also provide cloud-based tools like membership registration, sponsorship tracking, communication templates, and checklists to help organizers ensure they host a successful conference.  An implementation template would provide each conference organizer with the goals, communications, and other requirements that each conference would need to be successful to help keep the organizer on track.
Of course, all sponsorships, booths, and ticket sales would occur in LTBcoin (either directly or via an exchange), thus providing a backbone of value for the currency.  Conferences would also build brand awareness for the LTB network and help grow the audience as a whole.  Conferences could be done on small scale or large scale and perhaps two different kickstarter templates could be provided (one for small and one for large). Conferences would be Bitcoin focused and could feature speakers from any aspect of Bitcoin, meta coins, altcoins, exchanges, payment systems, etc. Conferences would not be all about LTBcoin.
Conference material could also be recorded on video with the material made available to LTB Premium Members at a later date.  Some of the content derived from the conference could also be published by the conference organizer in exchange for some LTBcoin, just like all other content.
Conference sponsorships could also be tied into online ad campaigns, in which a sponsor not only gets a booth at the conference for the day, their sponsorship comes with a monthly or annual online ad campaign or business listing somewhere on the LTB website.  This would provide ongoing exposure to the sponsor’s business on the LTB network and also help build a relationship for future sponsorship opportunities with those partners.
Conference organization would be largely decentralized (local organizers would be empowered with most of the organizational responsibilities), but with some parameters, branding, and tools set forth by LTB that would help ensure success for any conference organizer.  A conference could in theory occur anywhere in the world, but most especially in North America where the “Let’s Talk Bitcoin” brand is ideally suited as a conference headline (eg. Let’s Talk Bitcoin Conference Coming To Cincinnati).  A successful conference organizer would be awarded with a share of the net proceeds payable in LTBcoin.
I've done some math on how much income a conference would typically generate and the numbers are rather impressive, not to mention the overall benefit for LTB to have an offline presence that could massively increase audience growth, particularly in light of the local media coverage these conferences typically attract.
Question:  How important would it be to provide some sort of consistency with the conference organization and set parameters so that sponsors and attendees can reliably expect a certain level of quality and attendance at a conference?  Would it be better to have a smaller number of large and successful conferences in a given year or a large number of smaller seminar type meetings?

Re: LTBcoin Brainstorm/Planning Call - 5:30pm PST (GMT -8) Friday the 14th

mjdecour said:

mmanvil74 said: Has the time been changed from 5:30 PM PST to 2:30 PM PST?  Forum topic heading indicates 5:30, Google event indicates 2:30 or are they two separate events?

It's 230 PST, 530 EST

Thanks!  

Re: LTBcoin Brainstorm/Planning Call - 5:30pm PST (GMT -8) Friday the 14th

Has the time been changed from 5:30 PM PST to 2:30 PM PST?  Forum topic heading indicates 5:30, Google event indicates 2:30 or are they two separate events?

Re: Here before the LTBCoin Launch? Get your part of the initial disbursement for the Initial Community

I've drafted a concept called Ticketcoin that I think would help musicians and event planners.  I posted it over in the ProtoShares Forum.  
It would enable a kickstarter style event launch, enable early supporters to buy batches of tickets at a discounted price, once the event is funded, any tickets issued could then be traded or sold prior to the event via a decentralized online exchange.  Ticket ownership would be validated and secured by a blockchain or meta coin.  The musician does not do the event if not enough tickets are sold so no risk of events losing money.   
This could work for any event that sells tickets, or even hotel reservations, airline tickets, etc.  No need for paper tickets, QR codes are scanned at the entry to the event.  Scalpers could speculate by buying batches of tickets early thus helping to kickstart the event but also take the risk of having to sell tickets below the price they paid.  Online real time exchange would ensure all tickets would be sold at some price.   The musician or event planner win either way by selling enough tickets to launch the event in the first place.   
Goodbye Ticketmaster, good bye credit card fees on ticket sales, hello more live music events that give more control of the event and ticket sales to the performers.  Good bye dodgy scalpers or fake paper tickets on Craigslist, hello access to tickets to any event at any time from an easily searched online ticket marketplace.

Re: LTBcoin Brainstorm/Planning Call - 5:30pm PST (GMT -8) Friday the 14th

Hi Adam,
I would be delighted to attend the call.  
Here are some items of interest, some of which you may have already addressed I just haven't found yet:
-- What happens to the income earned by LTB?  In the event a sponsor purchases LTBcoin and then spends them to buy ad space, where do those coins go and how are they used?  
-- Possible risks to using CounterParty, if any.
-- Clarifying the mechanism for measuring and rewarding quality vs. quantity thus determining how many LTBcoins are paid out per contribution.  Best practices for maximizing the value of a contribution.
-- Examining the overall income strategy(ies) of LTB and determining the focus. - eg. do we primarily seek advertising/sponsorships vs. tipping/donations vs. a business directory with free and paid listings vs. Free and Premium Memberships vs. producing advanced tutorials that users pay for with LTBcoin vs helping other networks implement this system on their network.  Does each contributor  (ACT) create their own income model or is this overseen by the network?  While it is fine that contributors will be paid LTBcoins for their work, those coins will only have value if people from the outside acquire LTBcoins in order to purchase services provided by the network.
-- An understanding of who all of the current players are in LTB and their effective roles.  Which additional roles or projects should be priorities that are not currently filled or assigned?
-- Ideas for covering Bitcoin conferences and publishing the material, or even creating our own conferences.  I have an excellent contact in this field.  There are a few organizations doing this but all conferences seem to sell out and many other cities could be serviced.

Re: What Every Piece of Content Must Have to be Published & Paid

Just to confirm, where should we submit original (written) works for POP consideration?  In the content garden on this forum, via the submission form on LTB.com, or somewhere else?

Re: LTBCoin and the start of Private Network Tokens

I wonder to what degree CounterParty presents a risk to the success of LTBcoin?  
Without understanding the technicalities, what would happen to LTBcoin in the event that something unforeseen happens to CounterParty?  Is there any possibility that LTBcoin takes off as it should and becomes widely used but then CounterParty fails because of some technicality or challenge encountered by their developers.  In that case would LTBcoin sink with the CounterParty ship or could LTBcoin survive due to its relationship with the Bitcoin protocol?  No offense to anyone at CounterParty, just sayin... IF.