This news comes as a shock to the Let’s Talk Bitcoin community, the community has had a tremendous impact on spreading the word about bitcoin through a content platform that rewards it’s contributors in LTBCoin.
Research on LTBCoin in the markets show that LTBCoin has seen it’s ups and downs just like many other coins on the market. However, with LTBCoin the fluctuation in volatility has historically been very low, LTBCoin has been a fairly stable cryptocurrency so when the news broke about the coin being de-listed at Poloniex it took the community and many traders by surprise to say the least.
LTBcoin does not use computational mining like traditional altcoins.
Instead, LTBcoins are distributed to content creators, the community and the “Let’sTalkBitcoin” platform according to a fixed schedule.
After a period of 260 weeks (5 years), all coins will be distributed and no new coins will be created.
LTBcoin is a user-defined asset using the Counterparty protocol. Counterparty is built on Bitcoin and is secured by the Bitcoin network. Because of this, LTBcoin addresses are exactly the same as Bitcoin addresses. LTBcoin can be traded on the Counterparty distributed exchange for Bitcoin, XCP or other user-defined assets.
How to get LTBCoin:
First, visit CounterWallet and generate a free multi-wallet that holds bitcoins, LTBCoins and anything else built on Bitcoin using the Counterparty protocol. With one click you’ll generate a secure 12 word password, you’ll want to keep it safe as it’s your private key. Once you’ve created your password, log into your wallet and you’ll see three brand new bitcoin addresses you control.
Copy one of those addresses, then head over to LetsTalkBitcoin.com and login to your account in the upper right hand corner of the page.
Inside your account you’ll have a few options, one of which is “My Profile” – Click on that, and at the bottom of the page you’ll see a place to put your LTBcoin address.
Paste your newly created bitcoin address, save the change and you’re done!
How you can help:
The community over at Let’s Talk Bitcoin could really use some support with LTBCoin as they have spent many hours and put a lot of hard work into this project and would like to see it become a success for the entire bitcoin ecosystem.
If you get the chance check out Let’s Talk Bitcoin and see how you can get started contributing to the platform and you may want to visit Poloniex and let them know what you think about LTBCoin and why they should not de-list it.