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Re: I Want to sell 1.2 Million Ltbc for Bitcoin

Fun thread!

What's next, @highasakite? Can you show a Counterparty address, and somehow salvage your offer as being legitimate? Or are @bitsol and @samfire on track?

Re: 10 $ free for all !!!

Am I crazy for thinking free money is ALWAYS a scam? Do they explain how this makes sense for them to offer interest at an annual rate of 400%? What do they get out of it?

I'd guess a scammer started a site that gives some cash to a few people in the beginning. These early people are convinced the site is legit, so they eagerly bring in everyone they can, and get some reward for everyone they bring in (there's clearly a referral code in the link). So it's either a pyramid scheme, where the early users make some money, and the rest get left with nothing, or the scammer just takes everyone's money (aside from the first small group that were used as bait to bring in more people).

@paolo77, what did you get promised for referring people to this site?

Re: Should LTB charge for its podcasts

I got drawn in by this question, and haven't read anyone's responses yet. Here goes a bit of a ramble...

I think it depends on Adam's (and/or Let's Talk Bitcoin's) cash flow and the long-term plans. If LTB is a start-up, and @Adam / LTB can afford this to wait awhile to worry about profit, maybe it makes sense to keep it free and expand the listenership as much as possible. Try to win on both content quality and size of listenership, and just try to own this segment. However, if there's a need for cash to pay the bills (personal and/or business), then I could see changing the model out of necessity.

The clouding component to this, in my mind, is the LTBcoin experiment that's integrated into the podcast network. There's the experiment of paying content creators, contributors, and the like in LTBcoin. There's the experiment of rewarding content consumers with LTBcoin. Then there are different types of coins that have been created and pegged to advertising credits and Skype time with Adam. These tokens are auctioned off, and may be being purchased speculatively, as well as for use. It's one hell of an experiment, and one hell of a complex system. Changing to a walled content garden seems like a big change to the direction this has been going. I think a lot of people prefer to try a free model, and have a wider listenership.

The anchoring of LTBcoin to advertising value seemed important to me. But that's been decoupled a bit, with the advertising tokens, which I think are floating around, and not being used at the rate they are being sold (for LTBcoin)… I also think that advertisers encounter a lot of friction, in that they can't just buy an ad from Adam or Let's Talk Bitcoin. There's a confusing layer of having to go through an intermediary, who bought ad tokens in bulk by playing the winning bid on the LTBAuctioneer page. The longterm goal, I believe, is for small agencies to form, buy in bulk, and be an outside ad sales department (I know that's happening, but not sure to what degree). And for LTBcoin to have a steady or increasing value. Maybe the agency formation will be successful in the long term. But for now, I think advertisers may just not have a clear idea who to go to and/or how to buy an ad, and that may be revenue lost. Is there any site/podcast that's harder for an advertiser to buy an ad on? Would be great to reduce friction on this, have links that go directly to any agencies, or people who have ad tokens to sell.

Re: I Want to sell 1.2 Million Ltbc for Bitcoin

Are you selling LTBc? I feel like the title would benefit from an "I" at the beginning (if you are selling) or a question mark at the end (if you are looking for a seller).

Re: What have you bought and sold with Bitcoin?

Good thread idea!

I've bought Andreas' Safe Paper Wallet kit, the Bitcoin Specie & New Liberty Dollar, donated a bit, bought various physical Bitcoins, bought a Humble Bundle, paid for entry into some local Bitcoin events, and I'm sure some other stuff. Oh, and given Bitcoin paper wallets (with various amounts of Bitcoin) to family and friends as birthday gifts, etc., and tipped and otherwise given small amounts of Bitcoin to people.

I've been paid in BTC for Bitcoin and Litecoin keychains (both retail and wholesale), as well as design work and print work. The funny thing is I've been paid in BTC when Bitcoin was at $80 and at $1000+. @Adam was probably the first person to pay me in Bitcoin, for business card design & printing, back in May of 2013.

Re: weekly updates?

@coinfire I have no idea what is up. I submitted one over a week ago and I guess it just hasn't been approved. Everything in it is likely super stale now.

Have you reached out to editors? That's a drag...

@coinswatcher That is a real shame. The spam on this place is wildly out of control and ultimately is a major turn off.

I haven't been paying a ton of attention to the spam. I definitely see it, but I pick and choose threads to look at (such as this one -- no spam here yet) and I usually don't get too turned off. Where are you seeing overwhelming amounts of spam? I guess it shouldn't be shocking that paying people LTBc to participate will bring in people who want to just get it with as little work as possible. Hopefully the new LTB forum system will help keep it at bay.

Re: the price is interesting on poloniex

Wow, I had no idea people were actively trading LTBc for profit! Out of curiosity, how much volume are you guys trading?

Re: weekly updates?

Ask @coinfire!

Guess it not only takes time to write, but you have to be actively reading the forum posts for the week.