Topic: LOTTOCOIN OLD THREAD, [CLOSED] - page 111. (Read 370543 times)

http://i.imgur.com/IuJrm.gif

Even though Im holding LOT, consider yourself provoked, im curious..

Quit being such petty self centered fucks. PLZ

I'm serious btw. I could destroy LOT's team credibility in seconds

ROTFLMMFAO!!!!!!!!

http://i.imgur.com/YjCsY92.gif

I have the power to damage the coin if I wished to. Don't provoke me

Yay! Hope this means you'll stop posting on here since you have no more coins!!

ok.. looks like i missed another meltdown..

Ok first of.. i did support a fork.. but that was me being impatient.. if mrlotto is not interested in it i can go along with that just as well..

The low prices arent really bothering me at this stage.. for the simple reason is that i look at this as the early distribution stage.. the reason we have giveaways, prizes, contests etc isn't only just to attract miners/traders attention but also to make sure the coin has a better chance of getting out to everyone.. "A lotto coin in every wallet and a chicken in every oven" kind of thing.. oh sure we got ppl buyng em up in the millions at this stage thats to be expected.. but the prices are low enough that even small traders are likely to be buying and saving away for a rainy day..

I think prices will be low for 6 months leading upto halving at which point miners are going to stop selling at throw away prices.. we cant keep blaming multipools for the price dump.. multipoolers dont set the price... miners and traders do... oh yes there is a drop in price when a multi pooler mines and dumps.. but they usually only work at it a few minutes at a time.. and then do the coinwarz thing and move onto the next most profitable coin.. The rest of the time its miners who keep lowering their prices to meet demands of traders who always want a better deal.. as the price lowers.. difficulty follows and we are back to the multipools.. its a cycle.. and EVERY coin faces it.. unfortunately everyone is so used to the quick turn around of alt prices.. make $1M overnight... that when they see a drop in prices its immediately a fail..

WE DONT NEED TO  GET TO HALVING BLOCK REWARDS if everyone just stopped to think.. I am not selling my coins for less than 100 satoshi the story would be a lot different.. the difficulty would have risen if prices were higher thats a given and yes we would still be getting hit by multipools.. but guess what? when the rewards half and optimistically the coin value say doubles... we are still going to be hit my multipools cos it makes no difference to them 30,000 coins at 15 satoshi or 15,000 coins at 30 satoshi its the same to them...

BTC prices are high because miners know how much they spend in power costs and hardware to get 1 coin... right now, miners of lot are the equivalent to cheap hookers who will spread for the highest bid.. and the traders are the johns who get cheaper and cheaper when they realise how desperate the hookers are... Here's the thing.. prices don't make a diference to traders.... 1 satoshi or 1 btc.. they are still going to buy it.. either to go long on it.. or to make their money on the few points of fluctuation which are the natural market movements on any given day..

Anyway, thats my two cents..

this.

discussion is one thing but no need to repeat things over & over. If people want to continue their bickering pls understand that continued OT discussion is exactly that. OT.  Create your own thread & kindly stop spamming this one.

Exactly. All this bickering put me off this coin a little bit... can't understand why everyone won't just grab hold of the same rope and pull together. If this coin can't weather this rough period, then it will just go down as one of the failed coins we've seen so far.

oh mines way off,  i forgot there was the first 3 days was tripple rewards and  the premine,
so 777,600,000 for tripple and  368,139,596 premine  

i just multiplied 30k blocks @ 2880 per day + 1.5 million to get a rough idea


and i think thats right about the 1 coin block  minimum

Should the lowest number not end up at about 250,000 since the lowest block reward is 1?

1 * 2 per min * 60 mins per hour * 24 hours per day * 30.4 days per month * 3 Months = 262k

Also not sure what happens with the lotto blocks, do they half with the 3 month block halving?

sounds like `it is the same as talking to a religious person, never be critical of their imaginary friiends

these were the numbers I came up with. But I hope yours are better. Although the numbers of coins created is still very high i think. And if you look at the *edit the average i took from the CoinWarz is not meeting up with the average created till date (yesterday).
But again, I really hope my calculations are wrong and your are correct:)

I have calculated the mintage amounts per 3 months. once mintage runs out the block contains only transaction fees. In theory the network will run itsself from the mining fees, until infinity or as long as technology can store the blockchain

total coins:18,406,979,840

8100000000  1-3  44%

4050000000  4-6  22%

2025000000  7-9  11%

101250000   10-12  5%  YEAR 1

506250000   13-15  2%

253125000   16-18  1%

126562500   19-21

63281250    22-24   YEAR 2

31640625

15820312

7910156

3955078  YEAR 3

1977539

988769

494384  YEAR 4  from year 4 the rewards will be mainly transaction fees, and probably higher than the block size

247192

123596

61798

30899  YEAR 5 

15449


7724

3862

1931  YEAR 6

965

482

241

120  YEAR 7

LOL,

Like this is post is NOT rational, neither are the rest of the posts that are being hammered for the SAME type content

Polite notice to all posters:


Please do not give honest opinion in this thread if your honest opinion is not that LOT is either going on an intergalactic journey to the moon or some other celestial body, or indeed that you believe there is action that could be taken to improve LOT's credibility.

Do NOT, under any circumstances attempt to engage in rational debate or conversation that does not entail whipping up some sort of rabid frenzy about how good the coin is.  Your desire for rational thought out reasoning will not be met with great enthusiasm.

End notice.

你以为我是他？？果然傻的可以

I cant read your post c3all, your on ignore for mass FUD spam. Sorry dude.