Holy crap was out for a new year party and the lotto page exploded as usual...
Ok first thing first... Its a new year.. so i want to wish you all a happy new year. I hope this year is the year for us becoming LOT Tycoons.
C3ALL not calling you out to slam you and you do speak sense.. I agree on your statements on marketing. Lotto does need a better marketing strategy to get itself out there and as mentioned LOT has an amazing amount of potential.. as a gaming coin (which i believe is how BTC first found its niche)
Now i saw your chart and while it shows a drop.. i believe i have seen that on pretty much every coin launch..Sad to say that despite being new to the cryptoworld (December 3rd) I have observed the launch of at least 15 coins. I don't believe real world mechanics apply when it comes to the launch of a coin in the same sense of a stocks IPO. For the simple reason that alt coins dont offer real world services. Cryptocurrencies have values based on their speculative values in the short term which should be at least (1-2 weeks) at which point we will either start to see a lack of interest in the coin and it will start to die or the coin will start depending on its established services and its long term viability will be shown in approx 2-3 months... You can correct me on this as i haven't been around long enough but i've spent days/nights tracking progress of coins and i dont think i am wrong in my observations.
Anomalies like DOGE went up due to their hype and extensive marketing but i truly doubt its long term viability.. Going viral almost always has the same end.. Death... Haven't really seen the services that support Doge but it will be interesting to see how that plays out. Some of the new next generation coins might exhibit this ability due part to hype and part to perceived real world services.
Now on the issue of premine.. can you let it pass.. its silly really..we dont complain if a company retains 51% of its shares and sells the remaining 49% to the public do we? it wasnt hidden and was clearly mentioned from the beginning.. it was 2% (300M) when the coin just started and nothing was given away... its 2 weeks later and its still 300M and they have given away around 100M.. So They've spent over 100M since its launch about 2 weeks ago and i dont believe it has stopped.. i'm sure that they are still looking for more ways to get it marketed. Or would you suggest a company blows its entire budget on the launch of a coin?? That doesn't seem sensible. There is no need for transparent accounting cos i think 200M for devs is fine.. why? you as a single trader scored 1btc plus got back your stake. sven prob sold a few million every day for 11 satoshis each.. we've all made money out of it..
Hell I'm hashing with 400KH/s i made about 490K on solo mining and another 500k on pool mining.. I risked LOT1 at coinbomb for 80% return on a 629k to make another 500K.. altogether i sold about 640k lot for 0.35 BTC.. why cos i am new to this and i needed to figure out cashing out options.. so do you know what i am going to do with my money earned.. Nothing. its going towards buying me a better card/s as i am moving to building a mining farm for the public (real world) before moving onto the online world. Now, was tht necessary? Nope not really... its quite literally a long winded grandfather story but pointless in the end... I had to stop mining about a week ago as i wasnt earning much since LOT went on coinedup
Now why i like LOT... wallet works.. no fork so far.. no trouble really beside ddos.. no weird errors that basically killed the experience.. were you there for the launch of Mooncoin it was a lovely.. debacle of insanity that took FUBAR to an art form... no premine.. but noone could mine for half an hour after launch but wonder of wonders somehow a ton of blocks got mined.. All pools kept dying and the difficulty jumped from 1-39 i pretty much quit after 1 hour of that.. cashed out the 200k moons at coinedup for about 0.02BTC and said goodbye.. Side note i dont believe it premined by owner.. i think multipool created the coin.. so their usual 1.5% fee on all the new blocks would have been enough to cover their fees.. personally i kinda think its an interestingly twisted way to get your premine.. Best part about the launch was seeing bitcointalk and multipool crash at the same time.. was kinda like running my card on intensity 18 and watching a movie at the same time..
I would say 200M is fine for their services as i am sure that hundreds of Lotters (what are we called anyway) have made thousands on trading LOT.You mention concerns about premines putting off newminers but we are reaching the point where new miners arent going to be bothered about that.. they will see that for relatively less difficulty they can earn 40 satoshis. I think quark has been heavily premined but its got a remarkable pricing... Personally i prefer.. dev tell us how much was taken and thats the end of that..
I dont mind spending some time working on communicating to make the coin better and in many ways i consider Hampuz to be the treasurer (lol) and Oldminer as the Chairman.. mrlotto is kind of the founder and thats pretty much it.. We are an active community there is no doubt of it.. we care about the coin there is no doubt on it.. but i suggest we carry these particular conversation at the official lotto forum rather than here. Cos arguing out here is kinda like having a board room negotiation/argument in front of the shareholders.. is there any wonder the prices drop.. in fact i think if we look at cryptsy we might see a correlation of when a dump takes place to when an argument was taking place in here.
Here's a thread i created at the forum so head over there everyone/anyone if you want to suggest improvements or make a difference.
http://lottocointalk.org/index.php?topic=63.0 
network hash rate has gone down somewhat over the last few hours, dumpers have moved to a new coin, possibly catcoin. this is good news for lottocoin, hopefully the mining dumpers will decrease now that we are over the initial phase.
