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  • Replies: 1,764
  • Topics: 216
  • Likes Received: 1,244
  • Re: Avoiding shallow articles

    kerneloops said: Wrt peer-review, admin filtering and so on, what kind of timeline are we expecting for a published piece? Let's say a 1000-word blog post gets sent to the "new section", where it sloshes around a few, then admin gives it a go and makes it public, are we talking about timeline of hours or days? Some content is obviously time-sensitive, so the crawling/peer-review/admin-filtering shouldn't take very long, or am I missing the point here?

    I think there are several levels - There is Editorial approval which is about quality, but keep in mind that since you just earn POP and not LTBcoins when you publish, there is going to be some time after it is published but before you get the LTBcoins for the work.  During that time is the window for the audience to curate it and do post-publishing filtering.
    Does that make sense?   I think that allows us to just judge objective quality, trust that they are "right" and let the audience pillory anyone who is caught breaking the rules because they profit from it.

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

    EastSide said: Can I propose a Gallery for Poetry, Prose, Music and Art of all kinds? Just a thought. When I spoke with Andreas Antonopoulos at the Texas conference last week, he complimented me on my song (Ode To Satoshi) and then he spoke about how important he thinks the arts are in the Bitcoin Community - as in any community.
    Just my 2 cents again!

    : )

    John, I want to expand into all the areas it makes sense to.  I also want to start fairly focused on what we have going on right now (shows and articles) but I have aims at book publishing, and I own artbitcoin.com that we can do something with (I wanted to make it an art contest/auction site but haven't made it happen yet)

  • Re: LTBCoin and the start of Private Network Tokens

    Rowth3r said: hi Adam,

    If big ticket items are offered by Auctions,will we not face a situation where ppl offer a high bid and withdraw leaving the second highest or lowest bidder geting the items. In the past, online auction scene had such problems...they call it sniping i think...correct me if I am wrong. any safety mechanism or fallback to counter the bad apples

    You can't withdraw a bid in our system, and I'm hoping we can implement a solution I was talking about with Amir Taaki in the late fall that would basically have everybody send their LTBcoins in advance, and if they don't win the auction their TX is canceled and all but the winner has their amounts refunded.
    I've written about this problem in an earlier paper about Cryptocurrency Ecosystems for Media
    https://docs.google.com/document/d/18blKvUX5t-lBNCsbgnsJQsFCZi-76-I-cWcwO1_atUg/edit?usp=sharing

  • Re: How Does this Work? Let's Talk User Experiance!

    mjdecour said:

    lostdroid said: What about an Android version?  It's possible that a lot of Bitcoin enthusiasts could switch to Android due to Apple's recent policies on Bitcoin.  I have done some Android development myself and although I probably don't have the time to take on the development of a full App I would be interested in some contribution.

    Yes!  the android version will have more features and be able to act as a full Bitcoin/LTBcoin wallet whereas the iOS is just a player that has tip information etc.

    What about deploying the iOS app the pheeva route?

    I'm open to whatever works.

  • Re: Initial Value of LTBcoin

    Lij,It's actually going to be closer to multiple tens of thousands of LTBcoins per episode.  POP is just the way we measure how the LTBcoins should be allocated. 
    So if this week we have 100,000 LTBcoins to distribute, and 5 shows are submitted, meet our standards and are published, each show gets 20kLTB
    You can see the weekly distribution (as currently hypothesized, this is still under debate in another topic on these boards) here
    https://docs.google.com/spreadsheet/ccc?key=0AoPQ9D7Ob3GDdE44c29WdTlkcTVzRm1UMkp0RFp5VEE&usp=sharing

  • Re: How Does this Work? Let's Talk User Experiance!

    lostdroid said: What about an Android version?  It's possible that a lot of Bitcoin enthusiasts could switch to Android due to Apple's recent policies on Bitcoin.  I have done some Android development myself and although I probably don't have the time to take on the development of a full App I would be interested in some contribution.

    Yes!  the android version will have more features and be able to act as a full Bitcoin/LTBcoin wallet whereas the iOS is just a player that has tip information etc.

  • Re: LTBCoin and the start of Private Network Tokens

    Rowth3r said: hi,

    Will the content that is to be offered be based on something like a summary or teaser while the full media content be it an article or artwork or film shown only to paying members.

    Full media will be available, everything we do is going to be open source creative commons 3.0 - Attribution - Non-Commercial

  • Re: LTBCoin and the start of Private Network Tokens

    czzarr said:

    Adam said:

    czzarr said: Hi Adam,
    I'm sorry for this noob question, but I fail to see how LTBCoin is different from a Ponzi scheme: so far the only argument I've seen you throw in support of buying LTBCoin was that it is a deflationnary asset and hope that the LTB network will grow in value. But how exactly is an investor rewarded? Is there some kind of dividend system in place?

    Great question!
    Shows and blogs that participate in the content program will offer sponsored airtime/banner advertising ONLY for LTBcoin.  So the more shows that use it, the more sponsor time is available.  The more people who listen to the shows or consume our other content, the more valuable it is to sponsors.
    Really what we're doing though is creating an ecosystem where people who create content can compensate each other without having to go out of pocket. 
    Most of our "big ticket" items are going to be offered via Auction, so it doesn't really matter how many tokens are in circulation, only how much the various interested parties have and are willing to spend.   Because these tokens also have a market value, it allows people to speculate on whether the network will succeed or fail and either get a real bargain on advertising by buying tokens now and spending them on advertising later or sell them on.
    So long as it's valuable to speak to ten thousand of the earliest adopters and entrepeneurs in tech, LTBcoin will be valuable.  And I expect us to grow faster this year than last, the main LTB show has always been VERY wonky and not new user friendly. 
    To a certain extent, the deflationary characteristic is really important.  It gives people a reason to get involved now rather than later with the goal of building the biggest network effect you can before you switch from Doge (We have a billion! everything is free!) -Mode to Litecoin (Save for higher values)-Mode.   
    The first few years any funds that come in from sponsors (in LTB) go to the platform, but after year three those funds pass straight through to the person running the show and the ecosystem runs itself.  The first three years are bootstrapping and the consequences of commercial failure are not actually that important, like a startup.

    Thanks for the response.
    Can you tell me if I understand correctly? 
    Investment-wise, there is no dividend program, it's a little bit like a tech IPO on the NASDAQ, as these stocks very rarely offer dividends.Except that unlike common stocks TSLA or AMZN, you can actually do something with the coins, such as purchase advertising space or consume content.
    If that is correct, may I ask why don't you just use Bitcoin directly?

    Because we don't want to be influenced by Bitcoins volatility, and we want a valuation based on our ecosystem rather than the entire Bitcoin ecosystem. A coins value is based on the sum total of the activity within its ecosystem, the ways to earn it and spend it. Since irrevocable value can now be easily transmitted via the innovations of Bitcoin, for general purposes Bitcoin makes sense but for people who exist within a specific ecosystem that is to a large degree self contained. 
     Bitcoin is so valuable that people actually are more generous with things they perceive to be less valuable. While you could acquire bitcoin very cheaply early that is no longer the case and so people appropriately spend less on frivolous or unnecessary things because it comes at a real future cost. 
    The analogy is this: If you go to a wishing well with a pocket full of gold pennies, you probably wouldn't make a wish. If you went to a wishing well with a pocket full of gold pennies and there's a "wishing token" dispenser giving away a dozen free quarters per day, you probably would make a wish and you wouldn't feel like you wasted your money because it had no opportunity cost to acquire it. You can even take all of the tokens, make wishes with half of them and save the other half. 
     After a few days of this, somebody else shows up and now you each only get 6 per day. A few days later four more people find the well and the token dispenser, and now you only get two. 
    This goes on long enough and not everybody can have a token per day. If more people want the tokens than they are available per day, they have a market value that can be derived from the activity of the participants.

    Obviously this only works if people actually find value in the activity that the token derives, but going back to the gold pennies story if that was all people had, how many wishes would there be? Would they happen every day? 
     I think not. 
     Tokenizing an ecosystem with a deflationary currency is a bootstrapping method. Early communities have a chicken/egg where nobody wants to participate in a community that doesn't have any participants, usually this is solved by sock puppets but with tokens you can solve it by vesting the early participants in the community so their financial motives align with the success of the project. 
    This is true of everyone who onboards during that crucial period where the network effect must be achieved.

    Bitcoin is a great tool, but it is valuable and that makes people careful with it. We are trying to create a gift culture here much more similar to Doge than Bitcoin, except our economics make sense for early users to get involved ASAP.

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

    Please post suggested agenda items, what areas need to be developed, what can we do better?  Would be good to talk broad strategy.  My focus is on content and big picture but we need more than that to be successful.

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

    https://plus.google.com/events/cdt5ur6ffae5o478oc5rvvtdhgo?authkey=CNvW3pKKirLTDQ

    Please note this meeting will be recorded and released, so you don't have to attend to hear what happens just to contribute.

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