Hey guys,

It's been a long weekend and I've been in touch with the top 10 investors discussing how we plan to proceed going forward. There's been a lot of speculation as to what's going on, but namely one thing I really dislike seeing is how people are constantly asking "where are the devs?" when there is usually only a day or two between my posts in these crucial times. I understand, it's frustrating what's going on but even more so because of what's going on, I don't have the time to sit on BitcoinTalk frivolously replying to every person.

This weekend, I reached out to the top 10 investors of the LIR ICO to determine how we would proceed going forward. I have not been able to contact Phoenix since friday, and he was the only team member not present at all during our interaction with the top investors. Of the top 10 investors, there was one who we received no reply from on Friday, so we're not sure what his stance is on the matter. The 9 I did manage to contact, we discussed the current events and the team and I agreed that they deserved the chance to opt out given all that was going on. From 9 present, 7/9 chose that they would prefer if their BTC was refunded at ICO value as they were unsure of the project's future given the circumstances. Today we will be starting the refund process with these seven investors. This will take some time to investigate each account and determine what value they pair for their LIR. For record so the community is aware, we will also be investigating the origin of the LIR sent to us by our top 10 investors, this is not a chance for them to take advantage of the markets crippled state to simply buy LIR at well under ICO price and then resell it to us at ICO price.

Given 7/10 of the top investors will no longer be present, we have come to agreeance with them that it is fair to shift 7% of the 10% dedicated to top 10 investors only to the open dividend public meaning this cap will change from 18% to 25%, and the remaining 3% will be split among the remaining 3 investors of the top 10. With the remaining  On top of the LIR returned by top investors being refunded, we have negotiated a deal with top investors who have chose to remain for a total of 10,000,000 LIR.

After we have received all of the LIR, we will then be placing 17,000,000 LIR in escrow and keeping 3,000,000 LIR for a hot wallet bankroll. Effectively, this means ~60% of LIR will be taken out of circulation. At the conclusion of this tournament, we will be enabling gambling via LIR. If at some point it is required that funds be transfered to fill our hot wallet, we will request this from the escrow. During the duration of this transition to LIR gambling, as profit itself is LIR, the original allocated amount towards the buy back will be added to the dividends (+11.5%) meaning there will be 36.5% in public dividends.

At this time, it's hard to give more news since the team and I will now need to refactor our goals and planned expenditures as we will be refunding a large portion of the BTC. It is also unclear at this time why Phoenix has not been on. Of course, many will speculate the worst but after knowing him for a year, I feel I owe it to him to give him a few days incase something came up in his personal life as not too long ago something did in mine. For clarification since I'm sure this question will come up, Phoenix was incharge of the marketing budget and as such was holding the BTC dedicated towards that.

Unfortunatley, we cannot support the price/market due to our limited budget. The market price does not dictate the success of a project as we are going to continue working and building new content. For those who are complaining that the price is low, show support in the books as it is the community of traders around this project who will have to be the ones to influence the price. All we can currently offer is our support through updates and development.

Thanks, and I'll be in touch with more news such as the updated roadmap and the development of new games as soon as there is some.

Check my post history, you'll find plenty of other scams I'm sticking my big nose into. This one isn't special.

There is plenty of evidence for anyone who actually wants to understand the facts. Here is some collated in a handy scam accusation thread: https://bitcointalk.org/index.php?topic=1535373.msg15449570#msg15449570


See, that's what you don't seem to understand. Once the fraud is discovered it is crucial that it not simply be buried. Especially in this case, because the goal, the very fucking mission statement text itself, is to create the biggest gambling site with the largest bankroll and the only way you would achieve that is to draw in lots and lots of users from outside the initial circle of investors. If this project were to continue with this aim the end-result would likely be that the 'devs' would find themselves in a position where they had control of not just hundreds of bitcoin, but thousands and could abscond with nobody knowing anything about who or where they were. . .other than the fact they committed fraud to incite others to send them money.

This isn't going away unless the community of investors grows up and accepts that there is no chance of earning any credibility all the while you permit these fraudsters to hold your money.


p.s. Seriously, they've delivered shit-all but a few bitcoins worth of cheap code they bought elsewhere and if you insist otherwise then you deserve to lose your money. But the truth about this scam isn't going to go away. The community has to respond maturely and sensibly to it if you hope to recover any of your investment value.

It tells me they're busy working.

No it isn't harsh. It is to try and alert forum members who see those sigs to consider the known facts about this shady operation.

If they want the rating removed they need only remove the sig. It is entirely their choice.

No, will probably pass on that one as well, the ICO is kinda screwy, but the comments about it copying Let It Roll is how I happened to check this one out, and happened to see Phoenix1969 listed as a team member, which lead to the current dispute over the account when I asked him to confirm he was on this project.

1 Million coins ? for 300 sats? The buyer is the luckiest person in this world at the moment . You can't do mistakes like that , some projects or gambling websites go through difficult problem , you should not panic as an investor , that's the key for your success. Anyways good luck next time . Hope you recover your loss soon  .

+1 , I sold all of my other coins , including ETH to buy LIR . People don't know its actual price yet.

I have a buy order for 1m coins at 400 sat. Please sell me my coins back to me. It was a mistake guys.

omgomgomgomgomgomg

I fucked up! BIGTIME!!

I just tried to put up a buy wall on 300 sat for almost 1.1m coins'

By mistake I sold 1m to 300k.

Im fucked. I cant believe I just did that. 
 

If anyone here bought my coins I am offering to buy them back from you at the price you paid + a tip for your efforts. I've been a supporter of lir for a while and I hope some of you will do the right thing.


FUCKME!!

thanks
but why no written in op?

how many total LIR supply??