Community Directory

Re: Metacoins! Here's what I've got, which ones am I missing? Whats your favorite?

Adam said: Yes, whoever gets the DEX (decentralized exchange) right is going to be rewarded with a big pot of gold.

The funny part is, because all these developments are open source whoever solves it is also going to solve it for all their competitors, or at least dramatically simplify it so whoever wins will only win temporarily and then have to be performing at top efficiency or lose to competition bootstrapping on their innovation.

It's an interesting environment, not sure there's ever been anything like it.

Very true.  The same goes for 'smart contracts' and DAC/DAO/DACPs/etc.  Once one group does it and describes it in a reproducible manner, it could be like the Spinning jenny and Arkwright's water frame all over again -- out of the bag.

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

That would be hard to meter and analyze. Plus it would need to be weighted (e.g., pagerank). Someone could spam on all sorts of underused social networks that no one has heard of, those would unlikely drive traffic to the site and shouldn't be weighted the same as someone linking to it on their real Facebook page.

Re: LTBCoin and the start of Private Network Tokens

Cryptonaut, you can check out this link: http://counterpartyd-build.readthedocs.org/en/latest/

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

Thanks BitcoinMKE. I suspect that this is a really good way to redeem for in-store, branded merchandise. How's this for meta: a LTBCoin painted coin purchasable only via ltbcoins?

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

Thanks for all the responses so far, my other question is: what can you redeem for LTBCoin? Aside from its fiat-based correlation later on, what did you have in mind for say 100000 LTBC? Can you redeem them for advertising time? For schwag? It's a very neat idea, I suspect other hosts/editors will watch this use-case to see how it develops.

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

I think the commenting part will be hard to guard against gaming (like what happened to Digg). I'm not sure what metrics reddit uses, but link karma could be gamed (having swarms of sock puppets). What methods do you think can be used to combat this?

Re: How many total LTBcoins should there be?

While voting may create a lot of community involvement, it would likely also create an incentive to game-the-system via sockpuppets as well. How can that be prevented/mitigated?

Re: Avoiding shallow articles

Out of curiosity, will participants only be eligible for LTBcoins going forward from Day 1? Would you recommend content creators should hold off from publishing for the time being?

You can consult the Proof of Publishing rate sheet - These are non-final and basically guidelines at this point. This is analogous to Hashing Power in Bitcoin mining, with LTB you generate POP. It is calculated and compared to all other teams POP over the same time period, then the weekly distribution amount is split up according to their proportional contribution.

https://docs.google.com/document/d/1LnPfujw5ON3CLKaKGX1c74rV-TP1SnEaTVI-wExSp3A/edit?usp=sharing

Accepted Works fall into these categories Written Works: “Blog Post” - >600 Words - .5 POP “Column/Article” - >2000 words - 1 POP Important, New Thought - >5000 Words - 2 POP

Audio Works: “Quick Hit” - >10 minutes, produced (edited if required) 1 POP “Half” - 28-35 minutes, produced (edited if required) 2 POP “Episode” - 50-54 minute, produced (edited if required) - 3 POP

Video Works: “Explainer” - >10 minute produced, edited, visualized video. 2 POP “Hangout” -> 30+ minute automagically produced 2 POP “Full Show” 30-60m Produced, edited, visualized video - 4 POP

Re: LTBCoin and the start of Private Network Tokens

I remember reading a few posts on the Counterparty forum. For readers unfamiliar with the differences between the platforms, what were the compelling advantages that Counterparty had over other existing platforms in this space?