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Offline belltown

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Since we can't really mine Bitshares we need to mine something so we can buy more Bitshares. Recently I was shocked to realize that I’m getting the most profit from the coin that doesn’t even use a computer to mine. This is the coin of “Lets Talk Bitcoin” and you mine it through “Proof of participation”. Basically you just post in ltb forums, leave comments, argue with people, you do the same what you would on bitsharestalk, but you are getting paid for it in LTBcoins and you’re paid a lot.

Example:
2 weeks ago I’ve made maybe 10 posts in the forum (not even that much) and listened to podcast that counts as additional 5 forum posts. I was paid 15900 LTBcoins at the end of the week. I’ve sold them on the the exchange for 555 satoshi each = 0.088 BTC My next week's profits was 0.075 BTC This is insane! This is a way more then I'm getting from the regular mining.

Guide to mining:
Step 1. Create new account at http://letstalkbitcoin.com?ref=083d7a26 (I would appreciate if you would use my referral link)

Step 2. Create your LTBcoin address and link it to your account. Great step by step guide with pictures is here http://letstalkbitcoin.com/forum/post/work-in-progress-dont-reply-yet?ref=083d7a26

Step 3. Start posting to forums in Community section, make comments on shows, just do normal stuff you would do on bitsharestalk, but do it here instead http://letstalkbitcoin.com/forum/board/all?ref=083d7a26

Step 4. Adam will pay you each Saturday, you sell here https://www.melotic.com/markets/ltbc-btc , you buy Bitshares

Important:
Since I've helped several new users I've noticed common mistakes new people are making. Please read this:
  • Don't just register under my link and expect coins. You need to complete both Step 1 and Step 2.
  • You're paid for each activity your do on Let'sTalkBitcoin. You will not get much coins unless you do what Step 3 says
  • The optimal strategy is to do 1-2 forum posts per day, but not all at once.


More info:
About LTBcoin www.ltbcoin.com
Activities that earn you coins http://letstalkbitcoin.com/ltbcoin-for-the-audience?ref=083d7a26
Proof of participation https://docs.google.com/document/d/1L7HmE8IupFiSrfqk9BgNa4Zg9XogqtScyQjTw0k2xCc/edit?pli=1

Why do I tell you this?
Once you realize how easy and profitable it is to mine LTBcoins I hope you can do me a small favor by creating account using my referal link. I’ll get some LTBcoins from your referral and you will get some insane profits from this new coin.

Also if you forgot to register through my link you can still do it. Please go to letstalkbitcoin site, click on your username in top right corener => Account Settings  => enter "belltown" in Referred By => Submit
« Last Edit: August 07, 2014, 01:54:45 PM by belltown »
How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin - https://bitsharestalk.org/index.php?topic=6684

Offline luckybit

Re: Can't mine Bitshares? Proof of Participation is a way to go!
« Reply #1 on: August 05, 2014, 11:54:46 PM »
Since we can't really mine Bitshares we need to mine something so we can buy more Bitshares. Recently I was shocked to realize that I’m getting the most profit from the coin that doesn’t even use a computer to mine. This is the coin of “Lets Talk Bitcoin” and you mine it through “Proof of participation”. Basically you just post in ltb forums, leave comments, argue with people, you do the same what you would on bitsharestalk, but you are getting paid for it in LTBcoins and you’re paid a lot.

Example:
2 weeks ago I’ve made maybe 10 posts in the forum (not even that much) and listened to podcast that counts as additional 5 forum posts. I was paid 15900 LTBcoins at the end of the week. I’ve sold them on the the exchange for 555 satoshi each = 0.088 BTC My next week's profits was 0.075 BTC This is insane! This is a way more then I'm getting from the regular mining.

Guide to mining:
Step 1. Create new account at http://letstalkbitcoin.com?ref=083d7a26 (I would appreciate if you would use my referral link)

Step 2. Create your LTBcoin address and link it to your account. Great step by step guide with pictures is here http://letstalkbitcoin.com/forum/post/work-in-progress-dont-reply-yet?ref=083d7a26

Step 3. Start posting to forums in Community section, make comments on shows, just do normal stuff you would do on bitsharestalk, but do it here instead http://letstalkbitcoin.com/forum/board/all?ref=083d7a26

Step 4. Adam will pay you each Saturday, you sell here https://www.melotic.com/markets/ltbc-btc , you buy Bitshares

Important:
Since I've helped several new users I've noticed common mistakes new people are making. Please read this:
  • Don't just register under my link and expect coins. You need to complete both Step 1 and Step 2.
  • You're paid for each activity your do on Let'sTalkBitcoin. You will not get much coins unless you do what Step 3 says
  • The optimal strategy is to do 1-2 forum posts per day, but not all at once.


More info:
About LTBcoin www.ltbcoin.com
Activities that earn you coins http://letstalkbitcoin.com/ltbcoin-for-the-audience?ref=083d7a26
Proof of participation https://docs.google.com/document/d/1L7HmE8IupFiSrfqk9BgNa4Zg9XogqtScyQjTw0k2xCc/edit?pli=1

Why do I tell you this?
Once you realize how easy and profitable it is to mine LTBcoins I hope you can do me a small favor by creating account using my referal link. I’ll get some LTBcoins from your referral and you will get some insane profits from this new coin.

Also if you forgot to register through my link you can still do it. Please go to letstalkbitcoin site, click on your username in top right corener => Account Settings  => enter "belltown" in Referred By => Submit

http://www.minebitshares.com/

And there are plans on this forum for Proof of Contribution/Participation as well. The better way to do it is to let the delegates vote on who receives bounties (LTB uses Counterparty).

If you'd like to see it implemented then you have to convince people.

I'm convinced it will happen. If I make a DAC people already have a good idea of how I intend to do it. I believe in rewarding community contribution and using votes to determine the priority and value.

First we want to have a functioning Bitshares X and then we can try out these different ideas using the Bitshares toolkit in future DACs. August is a critical month in the history of the DAC.
« Last Edit: August 05, 2014, 11:56:42 PM by luckybit »
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Offline belltown

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Re: Can't mine Bitshares? Proof of Participation is a way to go!
« Reply #2 on: August 06, 2014, 12:08:42 AM »

http://www.minebitshares.com/


I like how minebitshares.com says: Mine the unminable.

Basically this and my guide are trying to solve the same problem: how to mine the unminable. The difference is that LTBcoin mining is much more profitable at the moment. I'm mining both PoW and LTBcoin right now and profits I'm getting are not even close. LTBcoin is like 10-100x better.
How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin - https://bitsharestalk.org/index.php?topic=6684

Offline luckybit

Re: Can't mine Bitshares? Proof of Participation is a way to go!
« Reply #3 on: August 06, 2014, 12:28:12 AM »

http://www.minebitshares.com/


I like how minebitshares.com says: Mine the unminable.

Basically this and my guide are trying to solve the same problem: how to mine the unminable. The difference is that LTBcoin mining is much more profitable at the moment. I'm mining both PoW and LTBcoin right now and profits I'm getting are not even close. LTBcoin is like 10-100x better.

Contact me in private, we can discuss it further. I've been trying to solve these problems for the past 6 months if not more.

The gist of it is that we want maximum community participation, contribution, but we also need people to get paid so that they become stakeholders in the DACs they work for. I've refined this idea even further so that certain kinds of DACs reward attention itself.

I think LTB is implementing something like that with magic words or something similar. The idea is that attention is a scarce resource and a DAC can pay participants for attention in the same way that ads use this model to power the world wide web.

Step one is to make Bitshares mineable. That will do a lot to attract different demographics to Bitshares. Then later on we can try more advanced stuff (first you have to prove that DACs actually exist in reality before you can go further).

Bitshares X is the flagship DAC. It's success is critical to the success of everything that comes after it. The Bitshares toolkit will allow us to create our own DACs with delegates (I like to call them operators), and if we have a way to vote then I could see how you could do proof of participation, contribution, or whatever else.

The reasoning behind it is that some people don't have a computer to mine with such as people who access the community through a library computer. These individuals might have a lot of time and anyone can write stories for example. People who cannot write stories can take surveys relevant to the community and get paid for that. This would allow the DAC to do market research on it's users.





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Offline belltown

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Re: Can't mine Bitshares? Proof of Participation is a way to go!
« Reply #4 on: August 06, 2014, 02:08:58 AM »
Adam B Levin is the genious behind LTBcoin and Proof of Participation. You should really talk to him. This is his big experiment. Also, you can just try to sign up and see how well what Adam created works. I'm really impressed, but I myself didn't create it.

Luckybit, I feel like you're thinking in the right direction. But I don't think I can contribute much, I'm just a miner. I see profit and I run to it. At the moment I see a lot of profit in LTBcoin and Proof of Participation that's why I'm doing it. That's why I would like to share with the other people so they can get some of the profits too. But I'm not the guy who could create something as genious as LTBcoin.
How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin - https://bitsharestalk.org/index.php?topic=6684

Offline tonyk

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Re: Can't mine Bitshares? Proof of Participation is a way to go!
« Reply #5 on: August 06, 2014, 02:16:02 AM »
Adam B Levin is the genious behind LTBcoin and Proof of Participation. You should really talk to him. This is his big experiment. Also, you can just try to sign up and see how well what Adam created works. I'm really impressed, but I myself didn't create it.

Luckybit, I feel like you're thinking in the right direction. But I don't think I can contribute much, I'm just a miner. I see profit and I run to it. At the moment I see a lot of profit in LTBcoin and Proof of Participation that's why I'm doing it. That's why I would like to share with the other people so they can get some of the profits too. But I'm not the guy who could create something as genious as LTBcoin.

@belltown, you are one of my heroes! I have dedicated a whole thread for people just like you! Go check it out:
https://bitsharestalk.org/index.php?topic=6476.0

@luckybit - You had a good run of 10 good, well thought post. Why did you have to do this?
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline luckybit

Re: Can't mine Bitshares? Proof of Participation is a way to go!
« Reply #6 on: August 06, 2014, 02:17:20 AM »
Adam B Levin is the genious behind LTBcoin and Proof of Participation. You should really talk to him. This is his big experiment. Also, you can just try to sign up and see how well what Adam created works. I'm really impressed, but I myself didn't create it.

Luckybit, I feel like you're thinking in the right direction. But I don't think I can contribute much, I'm just a miner. I see profit and I run to it. At the moment I see a lot of profit in LTBcoin and Proof of Participation that's why I'm doing it. That's why I would like to share with the other people so they can get some of the profits too. But I'm not the guy who could create something as genious as LTBcoin.

I know Adam but he's focused on LTB and I'm focused on Bitshares at least while I'm on the Bitshares forum. He's a shareholder and posts here often so we all know him. I also own some LTB coin.

Keep your eyes on http://www.minebitshares.com/ if you're interested in profit from mining Bitshares.

Adam B Levin is the genious behind LTBcoin and Proof of Participation. You should really talk to him. This is his big experiment. Also, you can just try to sign up and see how well what Adam created works. I'm really impressed, but I myself didn't create it.

Luckybit, I feel like you're thinking in the right direction. But I don't think I can contribute much, I'm just a miner. I see profit and I run to it. At the moment I see a lot of profit in LTBcoin and Proof of Participation that's why I'm doing it. That's why I would like to share with the other people so they can get some of the profits too. But I'm not the guy who could create something as genious as LTBcoin.

@belltown, you are one of my heroes! I have dedicated a whole thread for people just like you! Go check it out:
https://bitsharestalk.org/index.php?topic=6476.0

@luckybit - You had a good run of 10 good, well thought post. Why did you have to do this?

I'm not doing anything I haven't always done. Just because I think we should attract miners to Bitshares it doesn't mean I'm in favor of Proof of Work the security model. The purpose of mining for Bitshares is that is the only way to market to people like the poster above who chase profits through mining. It's an equal exchange because our community benefits as the hashing power they would ordinarily waste is used to buy Bitshares and increase our market cap.

« Last Edit: August 06, 2014, 02:20:27 AM by luckybit »
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Offline tonyk

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Re: Can't mine Bitshares? Proof of Participation is a way to go!
« Reply #7 on: August 06, 2014, 02:34:00 AM »

You are right about one thing, I must acknowledge, you and I have the same right to have wrong opinions.
My bad! Apologies!
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Ggozzo

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Re: Can't mine Bitshares? Proof of Participation is a way to go!
« Reply #8 on: August 06, 2014, 02:59:18 AM »
 What can you use LTBcoin for? I mean, if you buy it, what can you do with it? Is it the same as most other clone coins, you buy and pray it goes up. Or does it have a real use besides giving it away to people with clever comments (like reddit gold).

Offline luckybit

Re: Can't mine Bitshares? Proof of Participation is a way to go!
« Reply #9 on: August 06, 2014, 03:17:12 AM »
What can you use LTBcoin for? I mean, if you buy it, what can you do with it? Is it the same as most other clone coins, you buy and pray it goes up. Or does it have a real use besides giving it away to people with clever comments (like reddit gold).

It's a community access token of sorts.
This is really something for Adam to explain.
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Offline belltown

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Re: Can't mine Bitshares? Proof of Participation is a way to go!
« Reply #10 on: August 06, 2014, 03:44:21 AM »
What can you use LTBcoin for? I mean, if you buy it, what can you do with it? Is it the same as most other clone coins, you buy and pray it goes up. Or does it have a real use besides giving it away to people with clever comments (like reddit gold).

I can explain that. LTBcoin is the only way to buy advertising on #1 bitcoin podcast in the world Let's Talk Bitcoin. The more people join the platform the higher the value of advertising is, so theoretically the higher the value of LTBcoin.

But I guess most people here just need Bitshares, there is nothing wrong in selling LTBcoins and getting Bitshares.
How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin - https://bitsharestalk.org/index.php?topic=6684

Ggozzo

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Re: Can't mine Bitshares? Proof of Participation is a way to go!
« Reply #11 on: August 06, 2014, 04:28:13 AM »
What can you use LTBcoin for? I mean, if you buy it, what can you do with it? Is it the same as most other clone coins, you buy and pray it goes up. Or does it have a real use besides giving it away to people with clever comments (like reddit gold).

I can explain that. LTBcoin is the only way to buy advertising on #1 bitcoin podcast in the world Let's Talk Bitcoin. The more people join the platform the higher the value of advertising is, so theoretically the higher the value of LTBcoin.

But I guess most people here just need Bitshares, there is nothing wrong in selling LTBcoins and getting Bitshares.

That's cool.  Didn't think about the advertising side.  Does that mean the podcast will get bombarded with spam ads, and is any ad accepted?  Because if you start denying people ad space they want to pay for, I could see the price slowly tanking.

Offline belltown

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Re: Can't mine Bitshares? Proof of Participation is a way to go!
« Reply #12 on: August 06, 2014, 05:02:32 AM »
That's cool.  Didn't think about the advertising side.  Does that mean the podcast will get bombarded with spam ads, and is any ad accepted?  Because if you start denying people ad space they want to pay for, I could see the price slowly tanking.

Adam has some simple rules what qualifies for an ad and what doesn't. The only noticable rule that I remember is that gambling ads are not allowed, but most normal things are ok.
How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin - https://bitsharestalk.org/index.php?topic=6684

Offline belltown

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There is a an article on Let's Talk Bitcoin about how eBay, Microsoft and others build Proof of Participation platforms similar to LTBcoin http://letstalkbitcoin.com/blog/post/ebay-and-microsoft-eye-user-created-value-platforms-similar-to-ltb
How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin - https://bitsharestalk.org/index.php?topic=6684

Offline belltown

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Re: Can't mine Bitshares? Here is the most profitable way to earn them.
« Reply #14 on: August 12, 2014, 01:12:39 AM »
I see that few people joined using my link. Thank you!

Please let me know if you have any questions.
How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin - https://bitsharestalk.org/index.php?topic=6684

 

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