Bitcointalk Token

[KryptoKings]

The forum must create it's native token and distribute them to members based on their activities.
Tokens must be transferable among forum members but should not be listed on any exchange.

Although the ticker btt is already taken, we can have btf that stands for bitcointalk forum.
 Any crypto project planning to run their airdrop or bounty campaign must buy these tokens first from forum. This will give forum another stream of revenue generation.
This will also prevent scam projects from running bounty and running away without paying.

[Jawhead999]

Like cryptotalk with his own shitcoin?  

I doubt any bounty will buy that token, since they didn't have any funds besides for their operational expenses. That's why they use their own coin to distribute the bounty program.

[Rikafip]

"Forum" doesn't have to do anything. After all, bitcointalk already has its coin.

Regarding that part about having to buy bitcointalk tokens in order to run bounty/airdrop. if theymos really wants to monetize that too, he can simply charge that in BTC, no need to make another currency. I really don't get this obsession to make token for every single thing there is..

[Pmalek]

I don't think theymos would be interested in associating the forum and bitcoin with a brand-new shit token. The forum generates plenty of revenue from ads and it's sitting on a pile of bitcoins from the past, so that's very unlikely to happen. It would be good if bounty campaigns had the option to transfer funds to an escrow as a sign of good will that they will pay the participants. But nobody wants to deal with that because the majority of the projects from the Alt space are just scams anyways.  

[LoyceV]

"Forum" doesn't have to do anything. After all, bitcointalk already has its coin.

OP has a point though, Bitcoin should be distributed to members based on their Activity earned Merit
Let's see: about 875,000 Merits were sent, the forum owns about 1250 Bitcoin. That makes 1.4mBTC per earned Merit and puts me at half a million bucks.
Serious answer: no, let's not turn an April Fools joke into reality.

That being said: OP can of course create a shittoken and create a system where Bitcointalk members can claim it.

Any crypto project planning to run their airdrop or bounty campaign must buy these tokens first from forum.

I've suggested before to only allow campaigns that pay in something with real value (Bitcoin) instead of tokens made up out of thin air. That didn't happen either.

This will give forum another stream of revenue generation.

The forum doesn't need money. I'm pretty sure Bitcointalk is one of the richest forums on the planet, especially per active user.

This will also prevent scam projects from running bounty and running away without paying.

I have a better idea: let's just close the bounty board

[mk4]

How would a token be any platform's source of income if the token isn't going to be tradable through exchanges in the first place?

Also, the merit and trust systems already exists, and they're working pretty without a blockchain/token, because guess what: you don't need a blockchain for everything!

[bL4nkcode]

Don't normalize having tokens in every crypto platform, that doesn't make sense. Bitcointalk can sustain its operational/hosting expense through ad funds since then.

[The Sceptical Chymist]

the forum owns about 1250 Bitcoin.

It's 125BTC not 1250, right?  That's what I remember reading a few days ago, and I was surprised that the forum held even that much.

This idea has been floated around before and has fallen upon deaf ears--which will likely be the fate once again, since I don't think Theymos has any interest in creating a shitcoin/token based on bitcointalk.  And frankly there's no need for another coin in a market that's already oversaturated with ones that have no need to exist.  Even if one were created, I doubt it would be popular since most members here are bitcoiners at heart and wouldn't care to screw around with a forum token/coin that would doubtless have zero innovation behind it.  It would just be a novelty coin, and there are already too many of those in existence.

TL;DR: Bad idea.

[sheenshane]

The forum must create it's native token and distribute them to members based on their activities.

This forum was found and created because of Bitcoin or any discussion and other technical stuff regarding Blockchain, we don't need a fancy token because the forum has already a digital coin and that's Bitcoin.

Tokens must be transferable among forum members but should not be listed on any exchange.

It seems you mean this is a merit system, but it doesn't mean trading merit between users.  It will be awarded in good posters and this will help to clean the forum to illuminate spammers, otherwise, it will never rank up.

This will also prevent scam projects from running bounty and running away without paying.

I have a better idea: let's just close the bounty board

I tend to agree.

[Upgrade00]

So you're suggesting the forum creates a shitcoin which would have no value or utility and never be listed anywhere, then go ahead and give those worthless tokens to members based on activity, even though they could never use them for anything (besides running a campaign on the forum). The admins are then supposed to charge campaign organizers to get those worthless tokens inorder to run their campaigns? I do not think that's going to happen.
Bitcoin is the official currency of the forum.

the forum owns about 1250 Bitcoin.

It's 125BTC not 1250, right?  That's what I remember reading a few days ago, and I was surprised that the forum held even that much.

It's actually 1250BTC according to theymos, I doubt any cost effective project has been implemented in that time to reduce the reserves by that much;

There's currently about 1250 BTC(+BCH) in reserve.

[rhomelmabini]

Any crypto project planning to run their airdrop or bounty campaign must buy these tokens first from forum. This will give forum another stream of revenue generation.
This will also prevent scam projects from running bounty and running away without paying.

You're just making some complexity over this. So, how can it be bought and could gain some revenue if in the first place this wasn't tradable in the public crypto market? And, to be honest, I can't see a solution in the scam projects running here just by the birth of the bitcointalk token, the forum can't still moderate it nor prevent it.

[LoyceV]

the forum owns about 1250 Bitcoin.

It's 125BTC not 1250, right?  That's what I remember reading a few days ago, and I was surprised that the forum held even that much.

That 125 is on the donations address. Theymos holds 750 and forum treasurers hold 500 in cold storage. The addresses are public, see Forum funds.
I've just verified all addresses, the above amounts are correct. That makes the total forum funds at least 1375 BTC. That's $80 million.

[notblox1]

We already have native token for BITCOINtalk forum and it can be transferable among forum members plus it is listed on all exchanges, and it's called Bitcoin.
It's stupid and waste of time to create different token but you can always do it if you want OP.

[RickDeckard]

That's $80 million.

I really believe that this kind amount really puts bitcointalk above any kind of forum out there regarding liquidity.
As for any kind of coin related to the forum, I don't see how that would work. I hardly see it being attached to any kind of value, or at least it would be really hard to channel over attention to it by simply being tied to here. Even having an alt section dedicated to discussion in here doesn't seem to gather a lot of attention for most users, why would a coin created on that intent receive any kind of attention at all?

This forum already had a tremendous impact on the history of crypto as is. We are lucky to experience it in the first hand (some more than others). Let's be happy for what we already achieved, and there's still a lot more that will come in the future.

[khaled0111]

The forum must create it's native token and distribute them to members based on their activities.
Tokens must be transferable among forum members but should not be listed on any exchange.

This reminds me of the merit system. Merits were airdropped based on member's activity abd members can send them to each other but can't sell/buy them (sadly, some members do it).

This will also prevent scam projects from running bounty and running away without paying.

How can this prevent them from not paying bounty hunters? And why do we need a new token in first place? Payments can be made in any of the available currencies.

Tokens are created to solve existing problems but, here, there is no problem to begin with!

[kawetsriyanto]

This will also prevent scam projects from running bounty and running away without paying.

Not sure if it is applicable or not. But we already have many escrow services in this forum. I think it is more than enough than implementing a complicated idea. If all crypto projects are required to use those escrow services to ensure the payment of bounty hunters, there will be no problem in bounty payments anyway. It is simpler than forcing this forum to make a token to solve bounty problems.

[cryptoperkele]

The forum must create it's native token and distribute them to members based on their activities.
Tokens must be transferable among forum members but should not be listed on any exchange.

Although the ticker btt is already taken, we can have btf that stands for bitcointalk forum.
 Any crypto project planning to run their airdrop or bounty campaign must buy these tokens first from forum. This will give forum another stream of revenue generation.
This will also prevent scam projects from running bounty and running away without paying.

Why and what would be the use case for it? Buying advertisement space from bitcointalk? It's the only thing i could think of. Just a new generic token without purpose wouldn't serve anyone though.

[Lafu]

The forum must create it's native token and distribute them to members based on their activities.
Tokens must be transferable among forum members but should not be listed on any exchange.

Although the ticker btt is already taken, we can have btf that stands for bitcointalk forum.
 Any crypto project planning to run their airdrop or bounty campaign must buy these tokens first from forum. This will give forum another stream of revenue generation.
This will also prevent scam projects from running bounty and running away without paying.

First the Forum must be nothing !

Second , i guess if your Idea about the Token would be coming that means a lot of more data usage as it already is !
And as others already have written there is Bitcoin that is related to the Forum and thats why the Forum exist.

Why should this prevent from Scam Projects ?
If somebody want to scam he will buy the token and doing it , because a lot of Users would be thinking its safe because he bought the Token.

[pooya87]

This won't happen but if it did it would put an end to 90% of the tokens because they all rely on the fact that they don't have to spend any money to earn a lot of it out of thin air, which is why they pay their army of advertisers with their own shittoken that they created without any cost
It would be 90% and not all because there are still scammers who have made a ton of money scamming people with the same scam tokens who will be able to spend a small amount of the scammed money to pay for the "ticket to scam" people on this forum!

[iamsheikhadil]

Like cryptotalk with his own shitcoin?  

I doubt any bounty will buy that token, since they didn't have any funds besides for their operational expenses. That's why they use their own coin to distribute the bounty program.

I agree, having a separate coin/token for the bitcointalk forum would significantly detach itself from Bitcoin itself and would probably no longer be called the official Bitcoin forum and the original one. And I think Satoshi himself would never approve of such ideas had he been online here it's not really necessary to have a separate token only for revenue purposes