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Topic: [CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated - page 55. (Read 96918 times)

full member
Activity: 896
Merit: 102
Where is the bitcoin wallet address of ipo funds you said you were going to post?
full member
Activity: 896
Merit: 102
To do list for JohnnyBigs:

1.  Stop posting
2.  See #1

Another Labcoin puppet? Stop posting valid questions.
sr. member
Activity: 448
Merit: 250
you described our normal questions as “rant”?How ridiculous you are!
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
I only say that its probably useless to push him the 1001st time. Why should he do it now?

Im not convinced yet that its not a scam. I think there is no sam for a not smart reason but the most important thing is if there is a own asic design working. Ill wait what he does with the TH... when he manages to bring a couple hundred TH online i believe there are asics. Before that i think it could be faked. And when he takes too long i think ill try to proof if there are chips or only KNC-Miners on my own. Since i dont like being told wrong things. So for now ill see what he does with the TH deployment.

I hear you but a time scale needs to be in place.  This was set weeks and weeks ago.

Once again, its not a big deal taking pics of the gear.  Then I'm happy that something real is happening.  Thus far NOTHING is real.

Allot of time was given and your asking us to give them more?

How possibly can someone NOT take a few pictures?  This will be good for everyone and the shares will start booming.

I'm sorry but I'm not dropping this and I need pictures.  This isn't going away.  Tomorrow I will start preparing to investigate.

I want the pictures too. I only think he wont give for some reason. I dont see a reason beside scam to be honest. But as long as he is bringing out TH ill wait a bit. But i wont wait another month without changes. Then i will hire someone that will take a look at whats going on. Depending on what he finds i will act.
sr. member
Activity: 252
Merit: 250
I only say that its probably useless to push him the 1001st time. Why should he do it now?

Im not convinced yet that its not a scam. I think there is no sam for a not smart reason but the most important thing is if there is a own asic design working. Ill wait what he does with the TH... when he manages to bring a couple hundred TH online i believe there are asics. Before that i think it could be faked. And when he takes too long i think ill try to proof if there are chips or only KNC-Miners on my own. Since i dont like being told wrong things. So for now ill see what he does with the TH deployment.

I hear you but a time scale needs to be in place.  This was set weeks and weeks ago.

Once again, its not a big deal taking pics of the gear.  Then I'm happy that something real is happening.  Thus far NOTHING is real.

Allot of time was given and your asking us to give them more?

How possibly can someone NOT take a few pictures?  This will be good for everyone and the shares will start booming.

I'm sorry but I'm not dropping this and I need pictures.  This isn't going away.  Tomorrow I will start preparing to investigate.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
I only say that its probably useless to push him the 1001st time. Why should he do it now?

Im not convinced yet that its not a scam. I think there is no sam for a not smart reason but the most important thing is if there is a own asic design working. Ill wait what he does with the TH... when he manages to bring a couple hundred TH online i believe there are asics. Before that i think it could be faked. And when he takes too long i think ill try to proof if there are chips or only KNC-Miners on my own. Since i dont like being told wrong things. So for now ill see what he does with the TH deployment.

I don't see any possible way for it to grow to a couple hundred th any time soon.  From what he's said, he only has the current batch of 20,000 chips.

He had previously mentioned having ordered 100,000 additional chips, but has sense backed off from that claim.

When I asked him to clarify the chip order situation here, he deleted the question.



I really hope he didnt have the bitcoins sit around and doing nothing. And i really hope his foundry can deliver chips to him faster. The same goes for the assembler. Otherwise the shareprice will drop lower than cryptostocks can show. And im not sure i wont send someone checking out the truthlevel of this all.
sr. member
Activity: 420
Merit: 250
I only say that its probably useless to push him the 1001st time. Why should he do it now?

Im not convinced yet that its not a scam. I think there is no sam for a not smart reason but the most important thing is if there is a own asic design working. Ill wait what he does with the TH... when he manages to bring a couple hundred TH online i believe there are asics. Before that i think it could be faked. And when he takes too long i think ill try to proof if there are chips or only KNC-Miners on my own. Since i dont like being told wrong things. So for now ill see what he does with the TH deployment.

I don't see any possible way for it to grow to a couple hundred th any time soon.  From what he's said, he only has the current batch of 20,000 chips.

He had previously mentioned having ordered 100,000 additional chips, but has sense backed off from that claim.

When I asked him to clarify the chip order situation here, he deleted the question.

legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
I only say that its probably useless to push him the 1001st time. Why should he do it now?

Im not convinced yet that its not a scam. I think there is no sam for a not smart reason but the most important thing is if there is a own asic design working. Ill wait what he does with the TH... when he manages to bring a couple hundred TH online i believe there are asics. Before that i think it could be faked. And when he takes too long i think ill try to proof if there are chips or only KNC-Miners on my own. Since i dont like being told wrong things. So for now ill see what he does with the TH deployment.
sr. member
Activity: 252
Merit: 250
Really guys... do you think it will bring anything to push the same questions post after post? If he dont want to verify till now he has a reason and he wont only because he now was pushed the 1001st time. I dont have a clue besides scam why he cant tell one of his subcontractors to make a photo of the miner. There simply is no reason he cant do it. There might be a reason that he cant verify himself as Sam. I think he stupidly decided he could protect himself by inventing sam.

Anyway... there is NO reason that he now will provide photos or identity proof when he didnt the last 1000 times he was asked to do it.

These issues are not going away.  They are going to stay front and center until they are taken care of. 

+2
sr. member
Activity: 252
Merit: 250
Really guys... do you think it will bring anything to push the same questions post after post? If he dont want to verify till now he has a reason and he wont only because he now was pushed the 1001st time. I dont have a clue besides scam why he cant tell one of his subcontractors to make a photo of the miner. There simply is no reason he cant do it. There might be a reason that he cant verify himself as Sam. I think he stupidly decided he could protect himself by inventing sam.

Anyway... there is NO reason that he now will provide photos or identity proof when he didnt the last 1000 times he was asked to do it.

Then this is deemed as a scam?  Do we need to push things further and start investigations?
sr. member
Activity: 420
Merit: 250
Really guys... do you think it will bring anything to push the same questions post after post? If he dont want to verify till now he has a reason and he wont only because he now was pushed the 1001st time. I dont have a clue besides scam why he cant tell one of his subcontractors to make a photo of the miner. There simply is no reason he cant do it. There might be a reason that he cant verify himself as Sam. I think he stupidly decided he could protect himself by inventing sam.

Anyway... there is NO reason that he now will provide photos or identity proof when he didnt the last 1000 times he was asked to do it.

These issues are not going away.  They are going to stay front and center until they are taken care of. 
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Really guys... do you think it will bring anything to push the same questions post after post? If he dont want to verify till now he has a reason and he wont only because he now was pushed the 1001st time. I dont have a clue besides scam why he cant tell one of his subcontractors to make a photo of the miner. There simply is no reason he cant do it. There might be a reason that he cant verify himself as Sam. I think he stupidly decided he could protect himself by inventing sam.

Anyway... there is NO reason that he now will provide photos or identity proof when he didnt the last 1000 times he was asked to do it.
newbie
Activity: 38
Merit: 0
To do list for JohnnyBigs:

1.  Stop posting
2.  See #1
sr. member
Activity: 560
Merit: 250
TO DO LIST FOR SAM/FABRIZIO IMMEDIATELY

1. Provide proof of identity that he is not Fabrizio
2. Provide Pics of mining hardware
3. Disclose everything if no mining hardware exists, due to delays, failure, ect.
sr. member
Activity: 560
Merit: 250
Sam, whats the point deleting questions your share holders have?

Everyone is watching.  And I mean everyone.

I had full belief that this would work but you deleting valid questions is admittance of a scam?

PHOTOS PLEASE..  NOTHING ELSE MATTERS RIGHT NOW.  I'd like to place a time scale of 24hrs to this easy task.  No later.  Then I vote for share holders to start a planned man hunt and deem this as a guaranteed scam.  I will not let this go..
sr. member
Activity: 560
Merit: 250
SAM WHY ARE DENYING YOU ARE FABRIZIO? WHEN THE BELOW PROVES YOU ARE?

who are you?
Fabrizio Tatti
the owner of iTec Pro Limited, behind Labcoin
this is the official presentation, here I am writing, but with the name of the nominee director (Samuel Noi) that I took the company in Hong Kong
because I want to avoid direct exposure, various risks, etc.
sr. member
Activity: 560
Merit: 250
These are your options Fabrizzio:

1. Come forward with everything:
       -Admit that you are Sam Noi, and provide identity proof.
       -Admit everything about the project, problems, issues, where we currently stand, hardware no hardware.
       -This way the shareholder community can come together and help you, you can save alot of money by having some of these very technical shareholders solve issues.

This is the only way the project can continue. Nobody cares if you tell us I'm mining with KNC miners because we are delayed. The share price is already .0001 aka worthless. If your honest about everything we can come together as a community and make this work. You are way over your head with what you have undertaken.

2. If you do not do the above, REFUND THE REMAINING BTC and end the project.

3. If you do neither, you will end up in jail, along with Alessia, for lying and purposely deceiving shareholders. You can't just create a fake identity just because you feel like it, especially when raising money from investors. The USA is on a spree of prosecuting scammers involved with Bitcoin, trust me you do not want to be prosecuted in the US with the harshest penalties in the world. Even Hong Kong will destroy you for fraud.

The choice is yours Fabrizzio, now is the time to make up your mind, if you keep lying and dodging issues it will not end good for you. I believe you are not trying to hide as you said in that chat transcript just trying to avoid issues, but even if you are trying to do the right thing, the fact that you are lying, even if it's for good intentions will get you in serious trouble especially with other peoples money.

Again I do not believe you are being malicious, I believe you ran into alot of problems with hardware which is understandable, which is why you should of been honest from the beginning and the massive technical community here would have solved everything for probably 1/4th the price.

Again the choice is yours in which option you would like to choose. OPTION 1 in my and the other thousands of peoples opinions is the best option. It can't hurt the company anymore than it already has been, it will only make, and truly give all of us a chance at making this work for everybody.
sr. member
Activity: 420
Merit: 250
Q:How many of the 20,000 chips in hand still remain to be deployed?
A:More than 60%
Q:On what date will all chips in hand be deployed?
A:To be determined
Q:What are the approximate running costs, per board or per terahash, of outsourcing and hosting (electricity, etc.)?
A:Did not run proper calculations yet
Q:Are the current chips profitable right now at the current difficulty? If so, what is the current profit margin?
A:Yes they are.
Q:What is the status of the next batch of chips? (the 130nm ones promised to use a thermally superior package)
A:We are considering a next batch.
Q:What is the status of the 65nm design? If it's still on hold, do you have anyone under contract to complete the design?
A:We are evaluating the candidates for this task.
Q:Have you secured exclusive access to the bitcoin wallet for IPO funds yet from Fabrizio? (If so, what address?)
A:Yes, address will be disclosed later
Q:When will you be in Shenzen next?
A:End of October.
Q:The network difficulty has risen 40% in the last few days, and is expected to rise sharply again in less than 12 days. Can you achieve 1% of global hashrate before the next difficulty change, and can you maintain that rate in the future?
A:Did not run proper calculations yet
Q:There have been a number of well-funded competing ASIC designers now producing real hardware, and difficulty is expected to continue rising at record high levels for the foreseeable future. At what difficulty will the existing Labcoin chips cease to be profitable given the known power and hosting costs?
A:Did not run proper calculations yet




How are you coming with the proper calculations?

Have you done them yet? Why not?

You do realize they are absolutely crucial to the success of this project, correct?

sr. member
Activity: 560
Merit: 250
You still have till tomorrow to give us some proof.

I will no-longer ignore you avoiding photo's.

Or he can just tell the truth and say he has no hardware, and provide complete disclosure of the project, delays, problems.

thats good enough for me.  then we can work with him.

He doesn't seem to want to do this. He wants to keep lying, I clearly laid out the options for him. He things by delaying and lying more it's some how positive. He doesn't realize that coming clean will be the only positive situation.

1. disclose everything
2. end the project refund remaining BTC
sr. member
Activity: 560
Merit: 250
We were under the impression that you answered questions here Sam, as you seem to hand pick your responses.

Please tell us how/where to post questions so you can respond to them and we will leave this thread alone for communications only.

Or are you not answering any questions?
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