Topic: 💰(LIR)💰 LetItRide💰 Dice Tournament LIVE💰 3+BTC in LIR PRIZES💰 Join For FREE - page 18. (Read 255973 times)

After reading that post and knowing that everything Shogdite just said was true i have a renewed fait in the Let It Ride project. I did sell out as a top 10 but i will start buying back shortly once things cool down. Thank you Shogdite for giving me the chance to back out and reevaluate my situation.

For the record, I still think Eric Hansen is a fraud.

It is too bad that you definitely have not known him for a year. The earliest phoenix1969 could have possibly been purchased/stolen was Jan of this year, and the earliest your account could have been purchased was after that.

You know from your last post, I knew you were a bit slow but let me help you with some more basic reasoning since you seem incapable of doing so: 20M LIR is is about 60% of the total supply. You know what that is? A majority.

Hello CoinHopper, you have many questions so allow me to try to address them as I'm sure many have the same questions as you

Not everyone can be refunded because we are working now with a very limited budget. We've done what we can from our perspective to remedy the situation the best we can. The reason we're not closing the project is that we still strongly believe in it; I still strongly believe in it! I don't think it makes sense given the efforts that we're going through and the initiative we're taking right now to say we have no intention of sticking this through. Our actions speak for themselves. For the marketing, I'm not sure what to tell you right now since Phoenix was in charge of that and he is currently unavailable. As stated in the update, I will post more news when I have some. As for the new games attracting more gamblers, while I want to assume the answer is yes since more games implies you can appeal to a higher variety of people but  I cannot speculate about the future of our user base on behalf of the LIR team.



It's a part of the bankroll. Once we have finished collecting the LIR and moved it to escrow at that point you can basically consider it "off the market" at that specific point in time.

EDIT:

Where is the scam? I'm addressing the concerns of the LIR community right now as we speak.

We're currently in discussions for an escrow, I assure you that the escrow that we go with will be indisputably reputable.

There is no scam dude. They are still here and still working on LIR.

Its not perfect but for me it will do. I invested because I believed in let it ride and I still believe it can be profitable but I also realise that this is going to be a long term holding pattern for my LIR. Clams did it and so can LIR and it took clams a while before it made it. im with you shogdite. lets do this.

Also, what escrow will be holding the LIR?

I invest small portion here. Can't imagine what the big investor feel  
I think we really need a platform for ICO that can help us from this scammer.

Well this is an interesting update to say the least. I'm not sure what I was expecting really. As for you CoinHopper, let me answer your question the same way I did for the genius Yobit trader on the last page since if you thought for a second or two you'd know the answer to some of your questions.

Why should we believe you that you're going to stick this out?
If they weren't why not just say fuck it and not refund anyone?

Will the new games attract more gamblers?
Can you predict the future? If so, I'd like to know how or for some reason do you have reason to believe Shogdite can?

I'll check back on this and the price tomorrow.

60% of all lir wil be taken off the market so Will any of it return or is it out forever

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.

He looks so angry. I wonder who took the picture of him while he was screaming like that.

I found this http://pumpteam.net

same here..
if it sinks, i'll sink together. i think i'm better with the chance of recover my losses than get out now for 20% of the real price.

I want to see the update too and I also want to know where I am in the tournament for biggest losses. I think I may have the biggest and want to know.

Unfortunately what the amazing traders of Yobit fail to realize is order book depth. "OMG XXX IS PUMPING!" and then you look at the orderbook depth to 1 sat and its like 0.5 BTC, lmfao???

DLisk's orderbook depth has always been shit where as I've seen LIR with a depth of 20 BTC/+ at times. So no, 180% does not mean if you invested 5 BTC you're getting 9 BTC just because its "180%"

You most be happy that you sold all your LIR at 300sats as you were able to buy it back at 30sats. I remember you on the DLISK thread, taking how great LIR was, how shit DLISK was. But look now. LIR is trading at 80% discount compared to ICO price, and DLISK is trading at 180% based on ICO price. Maybe you should have better invested in that shit coin and not in LIR

oh man dont laugh. look at ur coins too

Its not funny but dev will do go and bring us good update. you see. you see.

haha dropped so hard ^^ funny shit .

Blimey, I didn't see that - I've not been watching LIR so much recently... 499 is looking good - shame I didn't buy at 36