[ANN] Lottocoin as a SCAM

[lumberinvestments]

Hi everyone.
Would like to tell you that I have been with lottocoin from the start, but the sad story is that the developers are working together with online casino makers in order to rip people off.
The lotwincasino that they advertise in their starting page is a complete SCAM and rip off, giving you 15 blacks in a raw when you put red so they can harvest as many lottocoins as possible.

The developer 'MrLotto' is saying that we only say these because we are upset that we 'lost money' in that casino (clearly supporting the casino) but in fact, out of the total of 14 million lottocoins I was playing maybe 100K but in many hundreds of games to figure out if it is really a scam or not. Thus I consider 100K lottocoin a very small amount and I do not regret losing it as I found out the truth about that casino, MrLotto and all this coin.

As of now I have sold every lottocoin I had and I advise everyone to do the same as mostly probably the next BIG GAMES they scream about coming in next week are rigged as much as lotwincasino, they just announce many things every week to pump the coin again.

This is only a pump and dump coin and many on the start thread are agreeing with that even if they have been supporting lottocoin from the start.
When they tried to make creative and supporting criticizing, they were sweared at, called that they spread FUD and so on.

As a matter of fact now I am banned from the thread, because they find me 'not supporting the coin' after I have thrown many megahashes at it with the intend to hold the coin for a long long time, maybe even one year plus, with no intention to pump and dump it immediately.

I wish them luck, but people holding lottocoins should know exactly what this coin is about and research more to see that the devs and the online casino owners are somehow related.
They have even bribed one guy to forge the poll results where lottocoin would be added in some important network payment. That guy was having multiple accounts in bitcointalk.org and clicking thru proxies the lottocoin radio button.

This is their way of 'raising' the coin which you can't see in many other coins. I think it is the most rigged coin of all and I advise everyone to get rid of it as probably it has no chance of survival in the future. If you are choosing to hold this, you are choosing to support this network of people that look only into their profit and you will probably not be able to profit. This coin is dubious and I would not trust it for the future.
I would rather keep my money into BTC than buying lottocoin.

Thanks for listening and I know that some other people will come to support me regarding this matter .. also you can read by yourself all the conversations in lottocoin starting thread to see that everything I say is true and they are just sketchy ...

Lottocoin is premined crap with no open book for premined !!! Careful where you put your valuable BTC !

[1714273541]

1714273541

[1714273541]

1714273541

[1714273541]

1714273541

[1714273541]

1714273541

[1714273541]

1714273541

[jballs]

http://en.wikipedia.org/wiki/Problem_gambling

[Oldminer]

http://en.wikipedia.org/wiki/Problem_gambling

Indeed.

It also goes on to say "The gambler's fallacy is the erroneous belief that a win in a game of pure chance is "due" after a string of losses."

[nbphuoc]

http://en.wikipedia.org/wiki/Problem_gambling

[jballs]

http://en.wikipedia.org/wiki/Problem_gambling

Indeed.

It also goes on to say "The gambler's fallacy is the erroneous belief that a win in a game of pure chance is "due" after a string of losses."

A place I part ways with some of the human race. Maybe having worked in a casino as a kid or watching markets forever or both. But how or why do people gamble against fixed odds against them and think they are not going to lose?

To me it is like jumping off bridge thinking you will fly. It's math dude. It isn't going to change for you.

Strange.

[dedicatedpoolcom]

A place I part ways with some of the human race. Maybe having worked in a casino as a kid or watching markets forever or both. But how or why do people gamble against fixed odds against them and think they are not going to lose?

To me it is like jumping off bridge thinking you will fly. It's math dude. It isn't going to change for you.

Strange.

I'd be inclined to believe you.  But every time my wife and I go to a Casino, we'll both start with $500.  I'll come out with a cigarette and few cents with pocket lint on them at the end of the night, and she'll have like $2000.

[jballs]

A place I part ways with some of the human race. Maybe having worked in a casino as a kid or watching markets forever or both. But how or why do people gamble against fixed odds against them and think they are not going to lose?

To me it is like jumping off bridge thinking you will fly. It's math dude. It isn't going to change for you.

Strange.

I'd be inclined to believe you.  But every time my wife and I go to a Casino, we'll both start with $500.  I'll come out with a cigarette and few cents with pocket lint on them at the end of the night, and she'll have like $2000.

Ha! Well don't get me wrong I totally believe in bad luck.

At least you married well.

[lumberinvestments]

http://en.wikipedia.org/wiki/Problem_gambling

Indeed.

It also goes on to say "The gambler's fallacy is the erroneous belief that a win in a game of pure chance is "due" after a string of losses."

A place I part ways with some of the human race. Maybe having worked in a casino as a kid or watching markets forever or both. But how or why do people gamble against fixed odds against them and think they are not going to lose?

To me it is like jumping off bridge thinking you will fly. It's math dude. It isn't going to change for you.

Strange.

Man .. I was explaining this before .. and mostly sure I know lots of math .. I have a mathematical background and also programming. I did not come here to complain why the hell I have lost my 100K lottocoins in that casino.
I did not play to win EITHER.
I only go to that casino to test it, to see if it is a scam or not.
Everyone that is saying that I have some kind of gambling addiction is a douche and they can go and die in hell. I have never had and I will never had a fucking gambling problem.

I was one of the big bag holders and wanted to see if what they use to advertise this coin is any good.
The result was that IT WAS NOT.

It is not a chain of losses that made me think it is rigged or that I was supposed to win.
I am not angry that I was NOT winning in fact .. and really you don't get it.
Having 15 times RED when you put on black .. and having that happening many cycles, THE MATHEMATICAL chance to happen in your first 100 consecutive games. If you say it is possible then PROVE IT ..

If not, you should try a 'free roulette game' in any online casino, that doesn't involve depositing money and see how you really give out that few percent that the roulette game is designed in order for the customer to lose.
Then try lotwin casino and see for yourself. There is not a feeling, but a CERTAINITY that it is rigged.

I am fucking angry that I was supporting the coin .. there were few voices telling that something is wrong but everyone was angry at those voices.. but I see now that those people were right !
They use a fucking rigged casino that they invested a lot of money into it's software .. and they NEED to get that money back as soon as possible from their customers.

I am angry also that they state on the casino page 1 % house edge .. that is NOT TRUE. The roulette has and the slots there have like 90 % house edge !!

Stop saying I have a gambling problem .. I am angry because of other things not because I lost 20 dollars and I was so much expecting to win. If you still insist with that then FUCK YOU, you are probably one of the developers.

[MaGNeT]

Denial. A huge sign of a gambling addiction is denial of the problem. As with any addiction the addict is not going to simply admit to having a problem. They will deny having a gambling addiction, deny having gambled at all, and deny the gambling is affecting anyone around them.

Read more: http://www.mademan.com/mm/10-gambling-addiction-signs-and-symptons.html#ixzz2s3mHqZNj

[noedelx]

Like i told u plenty of times Just because u dont Like 1 Casino Doesnt mean the Whole Coins is Bad
i Announced plenty of times that we Got loads of Games incoming this Month Including a Casino wich im 100% u would think is Fair
Just stay away From Lotwin if u Dont like it and wait for the Others Casinos

[jballs]

OP

I only go to that casino to test it, to see if it is a scam or not.

 A casino is a scam by definition. It's why they have 6,000 rooms and free booze. Online casino, I don't even know what that means but...

never mind.

[barryzand]

OMG!!!!


HAHAHHAHAHA so what your saying is... casinos are a scam??


WAKE THE FUCK UP DUDE!!???!?!?!?!?

[crazywack]

here is my casino of choice!


http://www.betcoinpartners.com/c/3/295

give it a try, been on a 3 week winning streak, cant say that much for my roommate though! ha!

[feomat]

I played in a LOT casino with a friend for fun just with 3k LOT and i have to admit they seem really like a scam...some games are just ridiculously manipulated so that it has to be very unlucky how we have lost.

just my 2 LOTs

[drepteck]

I am going to jump in here and say I agree with the OP regarding the casino since it is rigged worse than the national lottery.
The people saying that "of course you're supposed to lose its a casino!" probably have very little experience with them.
Whereas in a normal casino the house edge is usually less than 1%, in Lotwincasino the house edge feels more like 30%.
I live in LA and I go to Vegas all the time, and I have never seen my cash disappear as quickly as it did with Lotwincasino.
In a normal casino, you SLOWLY get whittled down over a long period of time, and there are many instances where you are ahead and can walk away with a win.
In Lotwincasino, you are NEVER ahead and you don't get whittled down, you get absolutely crushed with no chance to recuperate.
Couple that with declining Lottocoin prices and I'd have to question why anyone would want to associate themselves with this coin.
I'd be VERY wary of anyone that has Lotwincasino in their signature.

[shogdite]

Complete and utter fud. I've won over 100k LOT from the casino and I wouldn't call myself a pro gambler.

The OP obviously has a gambling problem/addiction, get some help, making up lies about LOT will not help you or the crypto community.

[BigNiggaTigga]

op is right.

iv tested with about 500k of my own coins and few friends used 100k each.

We only play slots. not one time EVER were any of us up 1 coin. yes you get some "big wins" but you are NEVER ahead.

like others have said in real casinos you can play slots for hours and you either come out ahead or broke but at least it happens over time.

at lotwin your money goes down and goes down fast.

we all understand that casinos are designed to take money, BUT there are always some winners.

owner of the casino offered a bounty for people to post pics of wins. 2 pics were posted. 1 of the casino owner winning (lmao) and 1 other guy who was down 250k but won around 50k in a "big win"

people will say sore losers or whatever. this coin was made to be gambled and if there are no games you can actually win at your just mining them for the casino owners who are friends with mrlotto.

now mrlotto closed the original thread and opened a moderated one where people will never hear the truth. that in itself is so fucking shady

mrlotto chose the side of a pissed of casino owner who refused to even listen about things he could change to help.

In a unregulated environment Its up to the casino owner to prove its fair.

[lumberinvestments]

Complete and utter fud. I've won over 100k LOT from the casino and I wouldn't call myself a pro gambler.

The OP obviously has a gambling problem/addiction, get some help, making up lies about LOT will not help you or the crypto community.

If I want to gamble .. for real, and if I am that addicted .. still why would I chose exactly that casino and also expect to earn from it ? Clearly you are one of the developers of this coin/casinos with an alternative account to counter the SO CALLED FUD, which is not FUD but telling Reality of this coin.
People should run away from it. It is not that I hate it .. it is that it is unstable and it has scamming developers (friends of scamming casinos).

Where is the open book of the premine ?

[lumberinvestments]

I am going to jump in here and say I agree with the OP regarding the casino since it is rigged worse than the national lottery.
The people saying that "of course you're supposed to lose its a casino!" probably have very little experience with them.
Whereas in a normal casino the house edge is usually less than 1%, in Lotwincasino the house edge feels more like 30%.
I live in LA and I go to Vegas all the time, and I have never seen my cash disappear as quickly as it did with Lotwincasino.
In a normal casino, you SLOWLY get whittled down over a long period of time, and there are many instances where you are ahead and can walk away with a win.
In Lotwincasino, you are NEVER ahead and you don't get whittled down, you get absolutely crushed with no chance to recuperate.
Couple that with declining Lottocoin prices and I'd have to question why anyone would want to associate themselves with this coin.
I'd be VERY wary of anyone that has Lotwincasino in their signature.

This guy is certainly more than right. I do not live in vegas and I have never stepped in a real casino ... but I played a little many years ago the 'free casinos' in the online casino, when they were starting, before year 2000. I still remember from then how a 'non rigged' should return. This one will kill you instantly same as a frog would die from a grenade put in it's mouth. THAT IS THE FEELING.
I do not deny any kind of gambling addiction. I know people that have gambling addiction though .. and really don't understand how they can't stop from gambling. My only addiction is mining with my farms .. they produce the equivalent of 1 mill lotocoin per day as of now ..

So Glad I sold all at 45 satoshi.
Do the same.

[lumberinvestments]

now mrlotto closed the original thread and opened a moderated one where people will never hear the truth. that in itself is so fucking shady

I thought I was banned from the thread, hehe .. did not bother to check much, it's just the same thing .. shady as hell !!!!! they are afraid that people will read the truths.
If one person will say something, they can call him crazy, like they did to C3ALL .. then they did to y3084 .. they also say the same about you BigNiggaTigga .. and also they are angry at me ...
Soon there will be more people realizing that.. and they will feel sorry. Hope now that their coin will go to 5 Satoshi and stay there for 10 years or just die in 10 days.

That is because of this shady behaviour. I am angry as I supported this coin at first. Even announced when I won a little sometimes in some of the websites. But this .. this is utter bullshit from the developer to moderate the thread. Controlling like that it is not good .. you don't let the people to voice the problem regarding this coin and the casinos involved that are hand in hand with the dev.

mrlotto chose the side of a pissed of casino owner who refused to even listen about things he could change to help.

In a unregulated environment Its up to the casino owner to prove its fair.

They can't prove it's fair .. because it's not fair.
They can though go in the back end of the casino and change that to 1 % .. but they are afraid someone might win big and they will be on a losing streak for one month which they can't afford.