Post
Topic
Board Announcements (Altcoins)
Re: [ANN] LOTTO COIN - The coin thats a game! Released 12/12/13
by
funkycoin
on 13/01/2014, 04:02:12 UTC
I dont know where you guys got this information that Bitcoin was stamped as real money or "Legal currency" the only country that's even come close to this is Germany.. and even then it's only considered legal as a unit of account so that they can tax it.

I agree with the quote just want to expand on it further....


I've been very impressed with the replies to my post regarding the legal validity of the casino statement... still no answer from the DEVS regarding if they have had legal advice on this and what the actual legal position is. Would inspire investor confidence to get a statement as to actual legal advice  given... or was the statement simply placed there in 'hope' that it would help waiver any serious challenge from national or international authorities.

This was a serious post as I believe the future success of LOT is based on whether there is a legal precident to gamble with ALT coins such as LOT, as let's face it that is what the coin is all about.

I've also been very impressed with the depth of the debate and insight on this forum... thanks Thorgrim for giving us a really cool reality check on the ephemeral nature of 'government' this was a superb read! :-)

Even the the recent negativity and 'revelations' by Y has become good entertainment... lets not forget that the guys who set this up are businessmen and making a ton of money behind the scenes and with the associated 'rapid balls', 'coin bomb', and 'lottowin'...

As also pointed out in my earlier post ALL these games and indeed the business model of GAMBLING as a whole is devised to take your money ... not to give you more... this is why savvy investors realise this coin will (or should I say could) be massive if it successfully integrates with existing gambling sites and is seen as a viable method of payement.

This is what we the investor's are gambling on.

We also know that Y is correct in many of the arguments and 'revelations' he has put forward, some are valid and should not be ignored ... but what he does not understand is that he has become 'the court jester' and is actually providing the entertainment value on this Forum.

I don't like to see anyone ridiculed or bullied and the guy has become the butt of the jibing and jokes... I'd feel shit too if I had sold at 12... but the Cryptsy graph was there and that was a clear indication that 12 was the very bottom and that should have been enough warning to play safe and hold.

If Lotto falls to 11 maybe he will buy in again or he can can take a hit while it is still low and then do what we all do, play the highs and lows and make our losses back... we all get caught with our pants down and we all know (well most of us) khow how to manage risk when we take a hit.

'Y'... take a hit, buy back in now while lotto is on another low... let's all give this guy a leg up... Mr lotto, Old Miner, Hampuz, Rapid Balls... and Red... send this guy a million each from your stash and let's welcome him back... he's worth it just for the entertainment value he has provided your forum!

Time for another group hug?