When people whose majority of posts or recent posts are made promoting LIR, and they are going into topics such as "MoneyPot or Bitdice?" Or MoneyPot's official thread and trolling my business, then yes, I will come here and call this bullshit out. On the "respected owner" part, my site was shown no respect which is why I will not show any respect to LIR.

Lets separate some fact from fiction here to (in regards to bolded part). People playing as the house on MoneyPot have made better returns than any other gambling site that accepts public funds, since my team took over MoneyPot. After all commissions/fees were paid, the bankroll has profited nearly 400 BTC in half a year. Also keep in mind the bankroll was sub 250 BTC for about 1/3 of that time, and sub 600 for ~1/2 of that time. The returns have been absolutely stellar, this isn't even arguable as there is statistical proof.

Clearly you didn't look at the trust. I am not QuickSeller nor Lutpin, and I have never acted as my own escrow (I have always used Monbux as escrow). BTC-Joe got mad that I called out his scam where he was trying to raise a ridiculous amount of BTC offering 47% yearly returns. All of my negatives are from scam losers: The BTC securities exchange that ran off with everyones money, the guy that owned a non-provably fair casino that automatically made players lose when the house bankroll was low, and it goes on and on.

And on this note I am out. As I have said multiple times, I only come to post here when you start trolling my site.  Good luck with your investment, time will tell who is right.

Devs's I have a question.
I think my order is too high in the books. Im on 0.00001400 and wondering if there is any way I can move my order down 150-200 satoshi.
Thanks.

Here we go with the money pot crap again... I dont know what the point of stiring it up again was 

Just a member rank was not happy with him and his site so he called it out on this thread and eagle eye allcoin dropped by throwing hate and red trust at LIR and its investors. Nice guy he is and I don't feel bad for people that have money tied up with him at all.

This is what happens when you feed the trolls 

We don't have far to go to reach the big 500 I am sure we will reach it. There is still 5 hours but I have to admit people are cutting it fine.

I will send another smaller amount to help reach 500 but i am waiting on other sales to take profit. i think you should send it sooner because you no how the blocks can take ages.

I wanted to share some thoughts with our investors in regards to our strategy as we move forward past the ICO.

We are going to focus on investor returns and our approach to ensuring their best interests are met. A large number of start-ups often edit books of accounts and keep things hidden from stake and shareholders. However in the age of blockchain, this makes no sense. Every transaction can be verified, tracked and recorded by just about anyone.

Our primary approach can be broken down to 3 things.

1. Building the right technology
A large part of what makes great product is utilizing the right technology. As evident in the thread we are always willing to work with the latest and most optimal players in the industry in order to ensure LetItRide remains cutting edge. A good example for this is Waves and our desire to work with them to attain fiat transactions. Another thing we are looking into is Ethereum and their smart contract offering.  

As we look at potential scale and profitability that's involved in a project like this we intend to invest heavily into infrastructure (servers, protection) and software (web platform). This should be light, scalable, accessible from slow connections and quick enough to handle thousands of micro-bets happening at the same time. What one needs to understand is, at scale, the house will need to almost compete with a stock market settlement house in terms of transaction scalability. We are talking of thousands of bets being processed simultaneously while the results being recorded digitally for future verification.

Our emphasis on scalability from day 1 will ensure we have the right bricks in place as the enterprise grows. Additionally, it will help more businesses plug into what we build with a third party integration (possibly) if needed. We are only laying the foundation for what would soon be a sky scraper with a basic core product that begins generating revenue.


2. Approaching the right users.
A heavy number of emerging start-ups in the betting space have been focusing on users that are not directly linked to Bitcoin but rather wish to give them an experience of the blockchain. What most people tend to miss out on is the fact that someone that is relatively new to Bitcoin will not be spending heavy amounts of money in digital transactions. Which means the total amount of money the person would spend on bets over a period of time will be abysmal and due to the same the return of investment on the money made to acquire that user would be abysmal in the first place.

Our approach is one that is similar to the one mentioned in the book "The lean methodology". By focusing on users that care about the underlying technology and what makes it incredibly powerful we are able to ensure LetitRide retains users. Most betting houses have users landing on their page and dissapearing. We on the other hand wish to establish a reputation and spread virally through word of mouth. We are conducting massive research into the social aspects of betting and what would bring more people to competitively bet against each other over a period of time. As the volume from the users that are accustomed to bitcoin builds up and the house is handling over a million dollars in  bets placed each day we will scale further up with positive media on us.

Our in-house media experts (being hired) will work actively with ensuring the platform is always seen in positive light and we will work with entrepreneurs that have worked closely with  nationally acclaimed  publication houses to ensure a positive public perception is generated. Keep in mind, by building the right product and generating a platform that is habit forming we are bringing an increasing amount of legitimacy to the platform.

The moment we are covered by the right outlets we will be perceived as a conglomerate by the masses and thereby attract users that are not used to Bitcoin. These would be the kind of users who do not have local betting houses but require one for entertainment purposes. As LetItRide offering expands and our user reach increases our daily revenue would be we hope to be able to bring in anywhere between 100k to 1 million USD a day.

3. Focusing on scale.
A key theme of everything we do at LIR is scale. Investors require returns of investment and while at it, massive ones. How do we do this? By ensuring the high number of users we'll attain over time not only stick with us but bet competitively against each other. Where an average user bets for 3-5 USD we'll have him bet for 20-30 USD with an intuitive betting system that gives him little inexperience with spending money he can afford to lose. We will also have local representatives to focus on communities with other languages as their primary form of communication. Over time we would even have international form of the website for users from Russia and China to interact with the platform.

We intend to rely on the platform for conducting massive data mining in regards to the betting habits of users (data will be published) and further leverage it to build better products. As said earlier, we aim to have the scale of the platform compete against that of a stock clearing house. This means hundreds of transactions per second or thousands per minute. As volumes and the number of bets placed increase so will the profit of the house; And as the profit increases a part of the funds will go into the pool of the house, which would further attract even more users into betting on the platform.

Our primary target would be to establish legitimacy through transparency. Over time a large number of functions on the platform would be run by smart contracts and require little interaction from us which would further bring down the cost of operations of the house by a large amount.

With now over 400 BTC raised we're doing great. Expectations for us are high and we hope to meet that demand going forward to make LetItRide a profitable business for all of its investors and those who hold stake.

Lol at you serious guys. The war is getting serious?