LOTTOCOIN OLD THREAD, [CLOSED]

[mav38]

i hope u guys are not serious. all this effort for nothing?

i invested in this coin because I think it has serious potential in comparison to its competitors!!

1. Lottocoin is a unique and great name. could even become an internet brand
2. already on 5 casinos, rapidballs, faucet

this is an opportunity for all of us!! with enough advertisement we could get really far beyond what weve accomplished until now. why give up??

[1714757054]

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[1714757054]

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[1714757054]

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[sleepless]

It's the same with every coin. First a big hype. Then everyone screams "get it on cryptsy!!" and after that big panic because some new ppl post bad things about the coin

It's a good coin. What makes coins like DOGE better?

Like I posted before we need more services and more promotion and then we'll see. A new coin that has made it up to 150 pages in this thread can't die so fast. And why should it?

[C3ALL]

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.

[Hampuz]

Dont feed the trolls boys!  They are in here hating since they basically missed dirt cheap coins and easy mining.

If we just ignore them they will slowly go away

Cheers

[littlemc]

i hope u guys are not serious. all this effort for nothing?

i invested in this coin because I think it has serious potential in comparison to its competitors!!

1. Lottocoin is a unique and great name. could even become an internet brand
2. already on 5 casinos, rapidballs, faucet

this is an opportunity for all of us!! with enough advertisement we could get really far beyond what weve accomplished until now. why give up??

GET IT ON COINWAREZ!!!!

[Hampuz]

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.

Im not sure though, as to why people still refer to the "high number" of coins premined. Its 2%, not more, not less. Its only 2% and it will always be just the 2%.   I for one can witness on mrlotto giving out over 100M LOT for different causes.

Take in account that they are probably at least 3people on the team. So they should get their cut too.

If it all ends up in being around 30-40M of LOT each that is left split between these 3 guys. That is not that hole of a lot right?

I know guys right now that have close to 100M LOT.  Honestly anyone willing to pay some btc can right now get that 100M from cryptsy. So stop with these stupid conversations about the premine being so high. They will lead nowhere.

If you dont like it. Nobody here is holding a gun to your head forcing you to stay.

Go and check all the coins and find me one coin that has 0% pre/instamine that is top 20 in CMC.  Do it now please.

Cheerios!

[sleepless]

...

True. But it's not $1M:

18 billion coins total / 100 * 2 = 360 million
360 million * 0.00000050 = $180K

[Hampuz]

...

True. But it's not $1M:

18 billion coins total / 100 * 2 = 360 million
360 million * 0.00000050 = $180K

Indeed. And when they did the premine. What was it worth then? $18 tops?

When are you supposed to count how much the premine is worth?  Satoshi pretty muched mined bitcoins alone for some time. Sitting on around 1M BTC. But you dont think of that C3LL, do you?.

[Oldminer]

Hi all

this is a new logo that has been submitted for lottocoin.



Open to comments.

[mrmork666]

Hi all

this is a new logo that has been submitted for lottocoin.



Open to comments.

Looks great
not to much and not to little

invested all of my cryptsy to lotto and hoping it hit 0.00000060 within 24hours

[Oldminer]

Looks great
not to much and not to little

invested all of my cryptsy to lotto and hoping it hit 0.00000060 within 24hours

Great. I have asked if the designer could resubmit a smaller version, and define the letters a bit more. Apart from that I think its pretty spot on.

[albertdros]

hmm this can be used, but i think we need to use the one from the front as a main logo. This just looks a bit weird in 16x16 for sure.

[kpg99miner]

Wait. Is the 2% premine of the total amount of coins that will be mined? Because if I counted correctly, that would amount to over $1000000. Sounds like a scam. And even if I misplaced a zero (which I believe I didn't) it would still be 100k or 10k USD, which is still ridiculous for "bounties and development".
Lately the entire cryptocommunity has been disappointing me but this is even worse than DOGE. I really hope that the 2% isn't from the total amount.

Do you work for free?

Would you wanna create something and get nothing for it?

Imho, a 0-2% premine is just healthy for the coin as the dev team will surely be more interested in the future of the coin.

What would you make you go up every day and working for something if you get nothing from it?  Only making other people benefit.

If you feel that way, send me a pm, i got a great idea for a coin i would like for you to create with 0% premine for you!

Cheers

I love it when people think the Devs should get nothing and spend their time and own money for nothing. What is wrong with these people? Really?

[funkycoin]

CHANGE THE LOGO!!!

For lottocoin fans with any ounce of sanity and common sense please join the thread linked below on the lottocoin official forum!
As I offered and advised before the coin hit Cryptsy the coin desperately needed a redesign but all I got was negative feedback and ridicule!

Please join and support the campaign to redesign the logo before 'lotto bombs' !!!

Read the full discussion here:
http://lottocointalk.org/index.php?topic=19.msg92#msg92

 

[C3ALL]

When are you supposed to count how much the premine is worth?  Satoshi pretty muched mined bitcoins alone for some time. Sitting on around 1M BTC. But you dont think of that C3LL, do you?.

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.

[Redcoin]

lotto isnt going to bomb because you think the logo sucks.  do you have a clue about anything? or are you just trying to sell your service?

[Oldminer]

Please join and support the campaign to redesign the logo before 'lotto bombs' !!![/size]

Read the full discussion here:
http://lottocointalk.org/index.php?topic=19.msg92#msg92

 

Change the logo so you can get 3BTC eh?

I dont think so.

[Hampuz]

62 Entrants at the Monthly Raffle that ends in less than 11hours.  

C'mon guys 1M Lot is up for grabs and the entry only costs 10K/Ticket.

RapidBalls

Lets end 2013 as we shall enter 2014. With a boom!

Cheers!

[Oldminer]

62 Entrants at the Monthly Raffle that ends in less than 11hours.  

C'mon guys 1M Lot is up for grabs and the entry only costs 10K/Ticket.

RapidBalls

Lets end 2013 as we shall enter 2014. With a boom!

Cheers!

Onto it now Hampuz!

[Redcoin]

Guys dont listen to these negitive comments about premines, and dumps. And dont fuel the fire.

Falsely Posting its a scam etc, actually can cause the coin to devalue, an it puts off potential investers.

It was posted the day it was released that the coins premined, so i really cant see what the problem is. There are lots of options for people over 100 coins out there.

This is the best performing coin that ive been working with. Mr lotto isnt a newbie and his crew know what they are doing, if the coin was released by somone else, it probably wouldnt even be on coinedup, yet alone worth 50 satochi. (And it also wouldnt have a cool casino)

So either accept the fact we have a great coin with lots of potential, and enjoy its upward trend, or go mine cowcoins