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  • Replies: 1,764
  • Topics: 216
  • Likes Received: 1,244
  • Re: LTBc Faucet

    @cryptonaut The biggest problem with faucets always come down to the transaction fees. Even worse with a counterparty asset faucet because you would have to send to each address individually, instead of just calling the "sendmany" command in bitcoind and sending to a bunch of people at once..

    Right now for our customized LTBcoin distributions we are paying about 0.00008 BTC per address, with a portion of that being technically recoverable (outputs that return to our addresses). Something to keep in mind

    Maybe a good use for http://dogeparty.io? Burn starts middle of the month

  • Re: RSS links for LTB?

    In the menu under "Subscribe" right next to episodes and under "Community"

    http://letstalkbitcoin.com/shows

  • Re: By listening to the podcasts, I get LTBc?

    @silvergoldandbitcoin Hi guys, quick Q.

    If I listen to the podcasts I get Proof of Participation, which turns into LTBc correct?

    Also that means I have to listen to the podcasts through the LTB website, and not through itunes? Assuming I want to earn the LTBc.

    You might be interested in this post, or listening to episodes of let's talk bitcoin

    http://letstalkbitcoin.com/blog/post/introducing-magic-words-the-new-listener-rewards-program-on-the-ltb-network

  • Re: LTBc Faucet

    @cryptonaut The biggest problem with faucets always come down to the transaction fees. Even worse with a counterparty asset faucet because you would have to send to each address individually, instead of just calling the "sendmany" command in bitcoind and sending to a bunch of people at once..

    Right now for our customized LTBcoin distributions we are paying about 0.00008 BTC per address, with a portion of that being technically recoverable (outputs that return to our addresses). Something to keep in mind

    Maybe a good use for http://dogeparty.io? Burn starts middle of the month

  • Re: @adam How did the conversation with Jeffrey Tucker go?

    It went well :) I'll post a clip when I do the first edit pass (where I combine the three audio tracks and cut the noise from non-speakers)

  • Re: LTBc Faucet

    @coinfire @adam brilliant.

    I was toying around the idea of points that convert to coins but I figured that people might not want to think about having to convert one to the other.

    You brought up a very valid point though, just because I don't have time for that sort of nonsense, I am not the target audience. You bring up a valid point about people who have time for this sort of thing.

    Certainly something to be thinking about!

    Happy to help you think it out, and of course we'll kick in some LTBc. I've been thinking about doing a faucet like this for a few months now, maybe a good collaboration.

  • Re: LTBc Faucet

    @coinfire

    @goldbit

    @coinfire Hey All!

    I know I've been quiet on here for the last week but that is because I've been busy building the first LTBc Faucet. Things are at about 75% right now and I am getting pretty close to having it ready for everyone.

    That being said, I wanted to get your opinions on a few key things. So if you could let me know your thoughts it would be most helpful as I wrap up the project and prepare to place it online for everyone.

    1. How many LTBc would you expect to be able to get each hour?
    2. How many LTBc do you feel is fair to have banked on the faucet before you can withdraw. Keeping in mind that each transaction out costs not only LTBc but a significant level of BTC in faucet land to send you.
    3. How many advertisements are you okay with seeing on the faucet?
    4. Is one hour the right collection time?

    The faucet will be launching soon but want to get YOUR thoughts before finishing it up.

    1: if following general BTC faucets format, the best ones are paying out 300-400 satoshis an hour with possibility to earn up to .33 BTC but that is super rare. 2: same as 1 in a way, just like BTC faucets, balances must meet the required dust level WITH transaction fees but of course use LTBC.In other words any fees should be passed to the folks getting the payout and not the website owner. 3: Honestly i hate advertisements but i know they are needed for faucets.And there have been times that an advertisement has caught my attention and warranted more of my time but in general they are not useful to me. 4: i have seen times range from 5 minutes all the way up to a year but generally 1 hour is a good base time.

    And like MDW mentioned above, most important issue with a faucet is sustainability.And with that it important to remember that faucets were first created to help more people get involved in the "bit"coins and to allow them to get familiar and gain experience with little to no risk. While some faucets have made their owners alot of positive profit, i have seen some that have cost some faucet owners alot of time and came with a negative profit loss.So sustainability is very important not only for the visitors of the site but also the owners.

    My concern with a LTBC faucet would be your ability to sponsor the Faucet with LTBC if 50,000+ visitors come to use your faucet daily.

    Being sustainable is also a key concern on this end as well. I am operating several faucets at a loss currently in the BTC realm (everyone uses adblock or bots) so I'm mainly doing it just because. I knew with those I would never make anything, no one would donate and it would never even likely see a full $1 of BTC (completely accurate even having given away almost a full bitcoin on one faucet so far).

    I am running a lot of numbers and variables to see what is sustainable and I've spoken with @ChainRadio about this idea and helping foot the bill as well.

    I think we have some ideas that could be unique to roll out after the initial version.

    I'll keep reading the feedback here!

    You could create a "Faucet Coin", which you could be able to control the issuance of (to make sure you have enough to always pay people even when there aren't many sponsors. You'd make faucetcoin redeemable for coins from the Promotions pool, which would basically be like 80% or 90% of your revenue. You would go to coins, user created assets etc. and tell them that if people can only buy their coins they are missing out on a whole demographic of people with more time than money and you've got a community interested in all kinds of cryptocurrencies.

    It would be a bit like russian roulette, you'd be able to trade a little of the faucetcoin for a random coin, which you would then have to download the wallet for or use its web wallet to claim. A more expensive option would let users get less of the coin for their Faucetcoin but be able to pick the specific crypto they want from the available pools.

    I think this coin would be very successful.

  • Re: [Closed][Auction] Air time on Let's Talk Bitcoin! Two 45 Second Sponsorship Slots for Episode #132 due to air 8/02. Auction Closes at 6:00 PM PST on 8/01! Current High Bid: 72,000 / 60,250 LTBc

    Sounds good John, I actually took a look at her reel and work the other day and it's very cool stuff indeed.

  • Re: Forum Layout

    @hugty I'm currently using a screen resolution of 1920x1080, and the forum layout doesn't look all that good to me, given the large empty spaces on either side of the menu/posts area. Maybe it's because I came to this forum from bitcointalk, and I'm more used to how it looks. : P

    Also, the posts themselves get limited to a very small area, which means larger posts can look kind of weird.

    I also have these problems, same resolution. I solve the problem by having two windows of LTB open on each side of my screen LOL

    but yeah, responsive design that accommodates larger screens is coming.

  • Re: Escrow service for LTBcoin in the Bazaar

    We have some things in the works.

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