they way i see this now is as follows:
it seems LOT is on the way to reach its bottom point at cryptsy. The buy orders become less, and when it drops below .39 per million, it could easily come into a freefall to .3 or less. Now, everyone here wants mrlotto to be transparent. Yet, mrlotto replies in the thread but more importantly, IGNORING the posts about asking him to be transparant.
MrLotto does try to give faith by saying a big gamesite is coming up without giving any details. Also, he is saying he is investing everything in LOT.
Now there could be 2 outcomes here:
- MrLotto is lying and want to try to give the coin a little boost so he can dump everything. Coin will die and that's that.
- MrLotto is telling the truth, will start being transparant, and will give details about what exactly he is talking about. The coin will probably go upwards from this.
I have quiet a bit of LOT and i hope it's the 2nd outcome. BUT I am starting to get a little bit skeptical here and thinking of selling some of my stack.
Thoughts? Not trying to offend anyone here, just stating the facts.
it seems LOT is on the way to reach its bottom point at cryptsy. The buy orders become less, and when it drops below .39 per million, it could easily come into a freefall to .3 or less. Now, everyone here wants mrlotto to be transparent. Yet, mrlotto replies in the thread but more importantly, IGNORING the posts about asking him to be transparant.
MrLotto does try to give faith by saying a big gamesite is coming up without giving any details. Also, he is saying he is investing everything in LOT.
Now there could be 2 outcomes here:
- MrLotto is lying and want to try to give the coin a little boost so he can dump everything. Coin will die and that's that.
- MrLotto is telling the truth, will start being transparant, and will give details about what exactly he is talking about. The coin will probably go upwards from this.
I have quiet a bit of LOT and i hope it's the 2nd outcome. BUT I am starting to get a little bit skeptical here and thinking of selling some of my stack.
Thoughts? Not trying to offend anyone here, just stating the facts.
Careful, you'll start getting called a troll if you keep pushing that point. Nobody took any notice of me several days ago when I raised similar points, I was just labelled a troll. Guess whats happened to the price. Exactly what was predicted. Without proper full open book, this will always be viewed by mass market as just another premined scam coin. Whether its true or not, that is what a massive number of people will think until something a lot more comprehensive is shown regarding the premine, and linked to on the OP.
i.e. exactly where the coins have gone. Are they now completely out of control of the team, or just on "loan" to others, or sat in an account waiting to be used.
A spreadsheet showing wallet address from and to, and the owner of said wallet on both sides of the transaction. Handing over 10M for the prize fund on the lottery is fine, but that will just cover initial possibility of losses upon start up. A lottery is eventually self sufficient, and requires no backup to fund the winnings. So what happens to the 10m coins then? Are they returned to dev, or just put into several 1m jackpot draws to actually give away?
Without something more detailed and clear demonstration that the coins are being used for their purpose of promotion and development, the mass market will never view this as anything other than another premned ALT coin. Whether the team and their supporters want to accept this truth is up to them. Calling me and others trolls for pointing it out will not change anything.
