Interesting that when nut2 pool had more than 50% of the net hash rate people were shouting out to switch pools for the good of the coin, including dedicatedpools.  Now dedicated pools has more than 50%, they still want more to join.

If they cared about the coin like they said they did when nut2 had 50%, they would close registrations when their own pool was hashing more than 50%, not try and get even more.

Some of the hypocrisy being posted here is incredible tbh.  And not good for the coin what so ever.

C3ALL sold 25% of his coins at low prices.  Still holds 75% and has already traded the marlet back up to the original 4 million he had.  Because the coin is being played by people who know what they are doing while all the amature pumping goes off in this thread.  Its laughable really.  Ive already made 1BTC just trading this backwards and forwards, not a massive amount, but it beats mining it I guess.  You carry on doing what you are doing in this thread - its great for the market fluctuation.  The premine destruction would help the coin in general, not just mine.  But as you can say with 100% certainty its not going to happen, Ill say there is the same certainty that LOT is going nowhere without open book acounting on it at the very least.  Show me another coin trading at the levels you want for LOT that has a 2% premine.  Good luck with it.


LOT TO DA MOOOON.....  

No, of course you can't.  Thats why they have money exchanges and trade shares like actual coins all day long.  Its exactly the same mechanics, but whatever.  You keep doing what you're doin in life Ill keep doing what Im doing and we'll see who is a millionaire first.  Oh, hang on.  Im already there..  Clearly I havent got a clue about finances its all just been blind luck.

Its not all the dev's fault.  There just seems to be a lot of hot air and pumping, but nothing of any real substance.   The premine open book would be a solution to some peoples concerns, for others its the marketing.  Demonstrating to newbies to the coin how it works, how they can use it and more importantly, where they can use it.  Now it has an intrinsic value, then anyone who accepts virtual currency payments could also use this coin if they chose to do so.  Its about pursuading these people to get on board with the coin.  Its networking the coin, getting it listed on exchanges is fine, but all it does is publicly show its value to more people, it doesnt increase its "interest" or "usability".

I want to believe this coin can be different to all the others out there,  and look at some of the great minds and developers we have here.  Redcoin, Oldminer, Hampuz, MrLotto and whoever runs the lottery site.  There is certainly the ability to take this further, but its as though everyone is playing their own empire building exercise.  Together people could acomplish a lot more.  But just pumping the coin together wont help (imho).  It needs constructive thought,  ways to integrate it into more than just exchanges and games.  Every other coin has games and exchanges, so why should this be any more valuable than anything else?   Thats not a negative question, its designed to get people thinking about how it can be made more attractive.  Again, imho, this is where the idea from Hampuz about getting a group together is a step in the right direction, its an excellent idea. Though I think limiting membership by how wealthy you are in LOT is missing the point.  There are some great minds out there that may not hold 10m LOT.  Its like auditioning for your management team but not allowing anyone from the shop floor to have any ideas. Yet the people on the shop floor in my experience often have some of the best ideas.

Getting the logo done is a great idea, look at the marketing behind earthcoin.  People even said it in this thread that people were buying into that becuase it had a flashy logo.  Maybe, but they were still buying.  Show me any other successful brand around the world that hasn't got its branding and integration high on the list.  They dont just put out adverts saying "fly Emirates, its brilliant", or "drink coke, its nice".  There is more to it.  Seriously, im not trying to troll this thread.  Im holding around 3m LOT.  would I like them to be a dollar a piece, of course I would.  Im just not seeing how it will get there without something more tangible than just prmising jam tomorrow if people hold.   Im happy to offer my views to any group managing this coin via pm if they want.  Im asking nothing for it.  Im not a troll, im just pushing 40 and have seen enough ideas of others fail to see when things could be done better (again in my opion).  Im done posting here for now, as obviously my apprach is not welcome.  Ill sit back and watch unless PM'd from now.

EDIT:  and it appears reading this back, I have something under my "o" key.  So ignore any typos.  Happy new year all - Im off for a beer.

Wow - I interject with a bit of realism and I'm a troll.  Just blatantly pump and its the right thing to do.  Never in all my life have I seen something with so much pottential utterly ruined by such an unprofessional blinkered view.

Nothing but the same old responses. No facts to back up the spending of the premine, so serious investors walk away.  Ive been in since day 1, so your not in early comment holds little water either.  Ive been in since day one as I expected a little more maturity and experience when the coin went mainstream.

Ive been an investor in the lottery myself.  However, as there is a limit of 200M investment, and there are people already taking up almost 10% chunks of that, the returns for anyone with les than 10M to put in are not really any better than being able to trade the coin.  For thise who have say 15m invested and are taking (at last I saw) about 30% of the 12% shares (or to make it simple about 4% of everyones losses), then its a good opportunity.  IMHO investment should have both an upper and a lower limit so others can get involved at a fair level.  This allows more people to be invested and more people to spread the word.  But thats marketing 101 class.

You think simply pumping your own investment and posting that people will be rich if they hold is actually productive?  Have you actually had ANY experience of business in the real world?

Have you ever seen a share launch before?  Took part in a IPO of any kind?   1st days trading is very often indicative of where the market believes the true value is without change to an orgaisation or its practices.

Examples.  Royal Mail.  IPO was way under.  1st days trading took it to real value levels plus some "froth".  Posted profits undeline the trading value.

Facebook.  IPO bombed, because investors saw that without mobile advertising, the platform would struggle to make anything close to its valuation of 100+ times revenue.  Once there were changes made, value recovered along with revenue.

There are countless others.  But as always, Im trolling, not providing any realistic insight waht so ever.  

Because quite frankly, the responses have been nothing short of what you posted above.  You want to ignore the facts and keep pumping, go right ahead.  My offer of assistance is obviously not appreciated, and its clearly on the right track given the chart above.  

Im done trying to help tbh.

This is why the premine should be used for proper marketing and investment.  Not parking on exchanges or "investing" in a lottery just so you can have 4% of the losses.




If you want to think Im trolling go ahead.  I dont care.  Im trying to help and have offered advice both in the thread and by PM.   If the team and all the pumpers here are doing things right, then that graph above would not exist.  Simple as that.  If people want to do an ostrich and just ignore whats happening then fine, go ahead.

And this is a first class example of what Ive been posting about.  Others supported my views some pages ago, but they have given up asking and wanting to discuss the issues because they see it as futile too.


To Da Moooooon with LOT!!   <<  Is this how promoting the coin should be done.  Im new to all this.

Anyone else spot the irony of somebody being told that a few hours graphic work on a logo is not worth $2,000, but suggesting that a few hours dev work on a coin for $180,000 is perfectly fine.  

Ive been mining this since day 1.  Even my lowly rig at about 2.7KHash was pulling in 1m coins a day at one of the early days. I did not miss the boat at all.  I would like it to do well, but people constantly just promoting the games that they are invested in, or posting "ignore the trolls we are going to see massive prices in the future" type comments are going to take this coin nowhere fast imho.  Hampuz wouldnt be promoting the hell out of lottery if he wants invested in it and taking about 4% of everyones loss.  Yet there are accusations that others are just in it for what they can get.  

I have PM'd you and MrLotto my responses to your points, as clearly anyone offering advice that doesnt agree with yours and the teams way of thinking is obviously a troll.  Im invested here and am still mining LOT, so I want it to do well.  Im offering advice drawn on from decades of real life business, trading and marketing.  If you dont want to accept it thats fine, but I'd rather not get into hostile argumets over it as it serves no good.  If you are doing everything right, the price will go up and it will be in the top list of coins.  If you aren't, then it wont.  No real hardship to me either way tbh, I'd just preffer it to do well.

The very high number of coins preminedhas been discussed before.  Suggestions of open book accounting to show it being used for development have been proposed.  The discussion of the 1200 BTC sell stockpile of cryptsy have also been had.   Unfortunately anyone wishing to discuss these ideas is immediatley branded a troll and outcast from this thread.

I would agree, having around $1m in premine and not providing open book accounting to show this being spent for the good of the coin rather than held back for dumping to make the dev team a disproportionate ammount of money compared to the effort put in is harmful for the long term of the coin.

I said as much yesterday that when new people to this coin arrive, they will read the first post, the last few and look at the trades on exchanges.  When they see the devs sat on a million dolars worth of premine and no open book accounting on this being shown to have been spent promoting the coin, then thise new people to this thread (who may well be very experienced in cryptocurrency) will just walk away.  Thats whats driving the value downward now.

Im not worthy enough of being in the "brain team" as I dont have enough LOTTO coins.  Clearly not having 10 million lotto coins makes you incapable of having the experience of business and marketing to be of any use to the community. 

Anyway, lets hope lotto coin makes it back up to decent values, but Im afraid without listening to more experienced people, it just wont.  This may sound negative and get me branded as a troll yet again, but its just realistic.  We have a bunch of people making childish "to da moon" posts, and no public accounting for a milion dollars worth of premine.  Where do people expect the coin value to go if thats all we get day in day out?  There may be newbies to crypto currency (like me) that have decades worth of experience in real world business.  But because they havent been into crypto long, they are simply dismissed.  This is why some coins are successful and others not.  You want people in the real world to start dropping hundreds of thousands of dollars/pounds/euros on this coin and drive its value up?  Then they will expect to see some real world experience behind the coin and not just the toda moon posts and what appears to be a get rich quick scheme from the devs.

Take this as a troll post if you wish.  I guess those who understand real world economics will agre with it, and those who dont wil be the to da moon army.  Good luck.  Im still mining this as long as its returning the 30-40$ a day of any other copy/paste coin - when its not, Ill be off suporting something else.

Im happy to help this coin and community as Ive put a good couple of weeks mining and trading into it, but if Im accused of being a troll for being a realist, then Im just as happy to carry on playing as a miner.

Trade the waves.  Hopefully upward.  Caught an anchor a few times though lol.

Its not.  Some of it is mine.

For every seller there must be a buyer.  If those buyers hold, its only a matter of time given the difficulty now is putting it around the same profitability level for mining as other coins that have far more coin volume.  This would mean a natural rise in price for LOT.

Many of the sales today will be day traders too.  Time trades right and its still possible to make returns buying and selling at these prices.

Thank you haggis.

For info anyone who loses and is holding the bomb when the counter runs out has a 1 in 20 chance of winning the jackpot.  Deviant was holding lot 4 when it timed out previously, he was at least lucky enough to win the jackpot when the bomb went off.  Still left him down about 1.4m though.

When I say LOT 1 was 110%, I meant last time before the bomb went off and reset today.

I honestly dont know how to explain this in any simpler form.

Jesus Christ on a bike.  This is like teaching a turkey Chinese.  Ill try and explain it and see if once people get it, Im offered an apology from anyone..  

Price opens at 1000 coins.  Interest is set at 50%.

So - player A is the first to buy he sends over 1000 coins.  He holds the bomb and waits for his 50% interest.

The price is now 1,500 coins.

Player B buys the bomb.  he sends over 1,500 coins.

The house takes 1% (15 coins).

The remaining 1,485 coins are sent to Player A so he gets his 50% interest.

Now the counter reaches zero...  there are no coins there waiting to be kept by the house.   The house had 15 coins interest, the other 1485 were paid out.  All that hapens is the counter gets reset and the person holding the bomb when it got to zero just never got anyone else to pay their interest.  Thats it.


Im honestly havig difficulty trying to make this any simpler without drawing a picture.