Re: [ANN] LOTTO COIN - The coin thats a game! Released 12/12/13
1. Completely open book accounts on the premine. If I had 1 LOT for each time I've said it I'd probably have 25% of the premine.
PAYMENTS MADE TO DATE:
Giveaways 68,000,000
payments to 3rd partys (includes dev support and marketing) 110,000,000
Bounties 40,000,000
Development team 50,000,000 x 3 = 150,000,000
Jdebunt & Sergios articles & press releases = 8,000,000
-----------------------------------------------------
total used: 368,000,000
It's right there....
first post the premine is 2% which is 368 million LOT and it's all accounted for You call that open book??
Where are the addresses, amounts, dates? You know, basic accounting stuff.
Those figures could be completely made up for all anyone knows. Excel sheet or similar ledger that can be verified by looking at the blockchain is open book accounting.
List of the third parties that total the 110M for example - who, how much and what for.
That is not open book and you know it. There are only two possible reasons why the dev team are not prepared to provide a full ledger including addresses, dates and amounts. Either they have not kept track of this premine properly, which would be totally unprofessional, or the above figures are untrue and hide something which would be viewed negatively.
Again, if the "dev team" and people like Hampuz etc want the coin taken seriously by the mass market, then treat it seriously.
PS. we keep hearing about the "dev team", but only ever know of one person. I have my suspicions that there is only one dev, but has made up another two team members to make the 150M kept for the "dev team" seem more reasonable. Open book, wallet addresses and dates of transactions for where the premine is, or I (and everyone else who has issues with premines) will call BS on it.