A burn is when a currency is sent to an inaccessible address and are essentially destroyed.
Not only would I will receive zero funding in this manner, but I will be partaking in the destruction of Bitcoins, and I want no part in that.

The percentages are optimized based on the average linear inflation of 5% that most exchangeable alternative cryptocurrencies are using these days.
Level 2 coins offer a much higher reward simply because they are nonexchangeable and thereby pose a risk which needs to be rewarded. I felt 5x was enough incentive.

I will take a look at that board.

What gave you the impression this was a chore to me? I am fully aware that the currency I am creating is one of a kind.  As a user pointed out, even forum escrow fails in establishing trust.
I believe that Kickstarter will be the best avenue in the long run with the highest return and most trusted method of handling backer funds.
It was in the plan since the beginning but I decided to forgo it in exchange for a much simpler forum release which has clearly backfired and I only blame myself for that.
I will use the minimal funds that are being sent directly to fund the Kickstarter campaign. These founding users will get access to the backend client and begin receiving currency slightly before Kickstarter backers.
I will post a link to the campaign when it is made available, until then sit tight. I will leave the direct funding addresses open for those who wish to support this project at its fullest.

I think his method is fine, he said we will only have a very slight advantage and if you look at the OP there are very few people ahead of you. The benefits are so marginal that arguing about it is pointless. Just wait for the kickstarter. This concept looks like a NXT killer to me.

Couple of questions.

1.  Wouldn't it be better to have the option to revert the LV2 coins back to the LV1 coins?  There may be a time where I would need to spend a large amount of LV1 coins but don't have the time to wait for a whole week.

2.  Will the LV2 coins begin to generate LV1 coins a week after they were conceived or will they just generate, like say, every new Sunday or Monday?

LV1 and LV2 coins both generate LV1 coins fractionally on the blockchain every 15 seconds and are rounded up to the nearest millionth. This means that depending on the amount of coins that you own, you will be receiving varying amounts every 15 seconds. You do not have to wait very long.

I love it

Now convince me you are not thieves

Sorry, I was asleep, I am from Michigan USA.
Yes I have received the payment and I have registered your e-mail address.
No worries, your funds are safe and can be withdrawn at any point during this pre-launch.

You will receive everything you ask for during the Kickstarter campaign. Sit tight and wait.

Levelcoin, why did you edit your post from saying you just woke up from California, USA to Michigan, USA