Topic: LTBcoin [LTBc] "Let's Talk Bitcoin" crypto-rewards Official Discussion Thread - page 9. (Read 222442 times)

this is what is got..

You have received a distribution of 3500.98692273 LTBCOIN

and I am happy with that... after all the podcasts are not bad to listen to great info in them..

I think we are both misundertsanding each other.

beltown received the most PoP this week because he dominated the referral system. No one else came close to the amount of refferals he got. Even so, he didn't earn close to .5BTC this week either. In fact, he probably earned less BTC this week than last. I am sorry that you thought you would have earned .5BTC this week. I did not mean to give you that impression.
The reason beltown made so much LTBcoin this week is because he had almost a third of all the refferals this week. Now that people know how important referrals are, more people will collude to get referrals, and they won't be worth as much. This is exactly what happened last week with comments, people earned a lot of PoP making comments the week before, people caught on, and now that everyone is doing it, each comment is worth less.

Does that make sense?

You didn't get me, again.

If you went to belltown thread and saw how much he made in a week and compared it to me, you will find that, and don't panic, I was expecting around .5 BTC

compared my effort to belltowns one.

The question is, why didn't I reach the SAME result of belltown even, taking into consideration that I out an effort 5 TIMES OR MORE than him.

Got it bro ?

How much LTBcoin you earn doesn't necessarily correspond to how much someone is willing to pay for it. In my opinion LTBcoin is currently undervalued (but again, I AM NOT AN EXPERT). If you really need the .02BT then cash it out, if you can afford to hold out for a better price, you can do that as well.

LTBcoin is still very new, and it's value is still changing rapidly on a daily basis.

Have you looked here:
https://docs.google.com/spreadsheets/d/1n2QpKsrzXDv6Icz_jMY2HgpaSc1uU0sgGeFof562z8U/edit?pli=1#gid=1795481255

press ctrl + f to search for your name.

Here's my stats, I earned .45 percent of the available PoP, and earned 100 PoP points, that gave me  7500 LTBcoins this week.
So now I don't think you are doing it wrong, and in fact you are obviously doing it better than me if you earned 10k. The payouts diminish because while more people register, the weekly payout actually slightly decreases.
Here's the weekly PoP payouts, taken from here:https://docs.google.com/spreadsheets/d/1GzytNblMx8xBmUczX7sPC8QitkJrrRirNrh2AJtjy1Q/edit?pli=1#gid=508171322

Here are some interesting stats adam posted from here: http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-132-multisig-and-supernodes
Here are some quick stats (Full Leaderboard) from the LTBcoin Audience Program - From July 26th to August 1st we saw


I personally don't know a whole lot about melotic. I sold 5,000LTBcoin essentially to test it out. I plan to hold onto my LTBcoin for a little while longer atleast. In my opinion it is currently undervalued, but I am absolutely no expert on the matter.

Here is the easiest way to sell your LTBcoin. in your account, melotic will give you a adress to send the LTBcoin, once that clears (it take awhile), go here: https://www.melotic.com/markets/ltbc-btc

scroll down a bit, and choose the buy order: currently the top 1 is:
0.00000286per LTBcoin, 
amount wanted 5521.68000000
amount in BTC you will get    0.01579200

confirm and you will get BTC. You are also able to place a sell order, but that is more work.

first of all you have to transfer 0.0005 BTC(just go to counter wallet and click on actions and then transfer and it will tell you the exact ammount you need to send) to your counter-wallet then transfer the LTBcoins to Melotic
and put an order with the desired price ... if you want instant sell you have to put an order with the price from the buy section

There is something I can't understand

Now you made a couple of posts, a listen to few podcasts and all these things and you earned

Here is my breakdown of my earnings:
16012.19503416 LTBCOIN for Proof of Participation Week 4
6320.223 LTBCOIN for Forum +5 Posts Distribution Part 4

I saw now my token balance, it passed 10k with insane difficulty.

Win I calculated that 10k with 0.00000285 it gave me around $10

Is there something wrong I'm making or what is wrong ?

I've made about 50 posts and listened to nearly all the podcasts of this week !!

And could you tell me please how to EXACTLY sell my LTBcoin on Melotuc as I don't know yet.

Thank you.

Everything is like you said, a few things to note:
Melotic functions just like any other exchange (bter, cryptsy, etc). You can place a buy or sell order, the market is LTBc/BTC.
Note I waited over an hour for my LTBcoin to transfer from counterwallet to melotic, but it eventually showed up.
Once you trade your LTBc for BTC, you can send the BTC from melotic back to the same wallet that you had your LTBcoin in.

Here is what adam wrote about melotic, taken from here: http://letstalkbitcoin.com/forum/post/ltbcoin-now-trading-on-meloticcom-exchange?page=1  I personally have very little experience with melotic, and I would never advise to keep large sums of coins in any exchange unless you are actively trading them.

Thank you for elaborating.

I need your help regarding the exchnage

1. We will get the payout in our ltbcoin wallet (countersomething.co)
2. We will move them to our wallet at Meltoic exchange wallet
3. We will sell ltbcoin and buy bitcoin
4. We will send that bitcoin to our final wallet.

A. Is all what I said is right ?
B. How fast is the exchange process is done at Melotic ? Is it Automatic ?
C. Is Melotic totally legit ? No worry of scams or anything ?
D. If you don't mind, add in details to this mini-guide anything I've forgotten to be a guide for all of us.

Thank you.

Don't know of a default clock on LTB (not a bad idea though).

Does this help?
Proof of Participation Week 4 - July 26, 2014 at 6:21 PM      (1:21AM GMT)
Proof of Participation Audience Rewards Week #3 - July 19, 2014 at 12:44 PM (7:41PM GMT)
is that what you mean? Bitcointalk default time is GMT time. Check out this calculator here:
http://wwp.greenwichmeantime.com/time-zone/usa/pacific-time/convert/

Cheers  

I promise they are there (unless it is a short 15 minute podcast) 

can someone help me with a magic word? I listened twice to a podcast but didn't heard it

May you tell me please in regards to what time did you get paid the last 2 weeks.

Is there a default clock at LTB that the one can see ?

Thank you for your kindness and being super helpful, apperciated so much.

7am Bitcointalk default time (midnight PDT) is when the cutoff will be for earning PoP. Payout times for PoP vary greatly, all that can be gauranteed is that they will go out saturday afternoon, PDT (which is adam's timezone). That would start somewhere around 7pm BCT default time.

Distribution time varies because adam initiates the distribution once he has finished his podcast and other tasks that day.

for example here are my distribution times the past 2 weeks:
Proof of Participation Week 4 - July 26, 2014 at 6:21 PM
Proof of Participation Audience Rewards Week #3 - July 19, 2014 at 12:44 PM

This is the timing of what exactly ?

As I was asking about the near time of the payout in BCT time also.

Thank you.

It should be 7am BCT default time.

Could you please give us a near timing with regards to GMT timing or on BCT default time which is 12:03:32 at the time of writing this post.

Thank you.

Hey everyone,

You only have 7 more hours to earn PoP points this week. 
Any activity after midnight PDT will count towards next week.
Payouts will happen during the day tomorrow (saturday).

Glad you are satisfied with the calculations now.

I didn't listen to Beyond Bitcoin 11 yet, but this is what the host wrote about it:


So I assume there is no magic word for #11. Also there was no magic word for #10, or any of the previous ones. However there will be a magic word for #12.
I'm about to listen to #11, so I will see exactly what is up with that episode, and report back.

EDIT:
Just saw this post from adam. The magic word for #11 now functions