Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 220. (Read 452224 times)

The asset list is public so lab_Rat can take a copy when the asset is pulled.  He should also take a daily snapshot in case the domain is ceased.

But how much safer is anything that is on Bitfunder? Do LabRat and the other asset owners keep an up to date list of holdings? I really doubt that closing an exchange can be done in a civilized way without the cooperation of the manager of the exchange. (I would not even call "civilized" what has happened so far...)

My spider sense is tingling on this.

I don't think he is a crook but he must be under a lot of stress

You don' t mean LRM bonds do you? I assume its Yuko bonds, or whatever his name is, that you want to sell... It depends on how much you have and your risk factor.. Something isn't right... this whole thing was handled poorly at best. I personally wouldn't hold any stock that the owner of bitfunder runs, thats for sure.. He sounds like a crook....

Okay, now I'm wondering what his bus factor is.

Now do I panic sell for a 30% loss or wait it out.... 

Wouldn't it be ironic that he is one of the silk road arrests that they are making around the world... I've heard that hundreds of arrests are taking place in almost every country...(Then you would know where the loans went to and how they were paid back, lol) I hope thats not the case but its a possibility...

Agree 100%.  Its no longer a level playing field, and ripe for abuse.

Its a bit worrying that Ukyo hasnt been seen since 02 Oct and he has missed 3 days payments from his ukyo loan.

He has either been abducted by the CIA and is now in gitmo or cant handle the music and is getting drunk on a beach somewhere...

I still think it would be a wise move to halt all trading for LRM. We can sell the stock until nov.1st. So, if thousands of shares get sold at .07 that means my shares that were worth .15 wont be worth as much when he gets onto another site. IF I spent only .07, i would be happy to sell at .10, if i did that, I would be taking a huge loss.

I know Im coming off a whining, etc but this is a bad, long term situation for the bonds.. The only way to combat it is to buy as many cheap stocks as I can, but i cant since im in the usa. I could work with someone or go around the VPN route.

Bitfunder should have made it both ways. In the USA you can't BUY nor SELL.  Or since the company is based in the usa halted all trading because its a USA company.. Something doesnt seem right.. I think the guy who started this is using it to his/her advantage.. the whole way this has been handled is terrible..

beside the imdrunkidontuselinebreak. i totally agree with you

I am just so curious which of these companies are going to make it let's say 20 years? Just imagine the kind of PR they can make our of it. MtGOX making funny advertisement with people exchanging Magic Cards in the early 2000ends. Or Lab_Rat still in the mining game with substantial amount of global hashrate. This is the reason I invest in any of these IPO's. For any sane investment in that decentralized space I would say there is not much that beats buy and hold Bitcoin. With all the other investments you are carrying risk of Bitcoin plus risk of third party not doing what might have been best for you. And the strategy with buy and hold has been extremely lucrative if you look at the past. I guess many miners will find themselves looking back and seeing that buy and hold would have been much more profitable than mining, especially with some recent investments into products by a three letter company which I would be very very surprised to see in 20 years. Then again, each miner adds value to each bitcoin. Therefore an investment of say 10 coins to mine 9 coins in total which are worth more than 10 had you kept them. Mining is a somewhat idealistic thing. I guess the early miners, the ones that mined when bitcoin had "no value" still have coin. They tend to be idealistic which is why they saw the value. This is why they hopefully, in their own best interest, sponsor/invest and grow the economy and the total value.

Do_It, Lab_Rat! Find the right ratio of btc reinvestment into smart mining gear. If mining can be profitable, one can find the right reinvestments at the right time. you can do it!

Ditto.

an object in motion remains in motion buy buy buy!

anyways, LRM is just a "toy" investment to me because it lacks the standard structure and level of transparency required by serious investments. Maybe the larger shareholders have seats at the big boy table and know what's going on to justify their investment.

But, hey, bitcoin is the new wild west - if it works, it works - either trust Zach with your money or get out. It's a market, and there are other more transparent securities available as well.

I don't want to derail this thread but that is one of my FAVORITE movies of all times!!!

Paco, you put a smile on  my face. I read your statement above about "feeling good about the long term opportunities", and then I took a look at your Avatar graph. As Inigo Montoya might say, I don't think that graph means what you think it means ...

Even smarter would be for LR to buy back all the cheap bonds and keep the dividends for himself.

Since LRM doesn't disclose what hardware has been ordered, when it was ordered, or for how much it was ordered for, such an action would be easy to do over time. How would anyone know? How does anyone *know* what percentage of the mining income is going into someone's purse and how much is going into new hardware purchases? This is why transparency is so important. There is so much unnecessary secrecy here and I find it incredulous that so many of the vocal minority are so complacent about this.

As a (potential) investor, I expect to know how my investment money is going to be spent, and that wise business decisions are being made. I'd expect to see that all company monies are being properly accounted for and how much cash/BTC balance there is. All investors should demand this; it is an obvious and reasonable thing. And this is nothing beyond what 'real' private and public companies have already been doing for decades.

Playing with other people's money isn't a game (BitFunder is learning this the hard way). Public companies on the stock exchange publish this information regularly. So do private companies. The main difference being that private companies do not divulge this information publicly, but ensure that their private investors get regular reports and financial statements. There are no good reasons for a company to withhold this information, and many reasons to provide it.

If LRM would just grow up and show some effort into joining this level of professionalism, it may find itself getting a fresh injection of funds from deep-pocketed investors waiting on the sidelines. And by 'investors' I don't mean those with the attitude of the popular Simpson's meme "shut up and take my money"; those already seem to be 'invested'.

yes, yes it is - I held a couple of hundred before and just picked up another hundred - it's like a fire sale!  I just hope I don't regret it...  I feel pretty good about the LONG TERM opportunities here...

Thanks for the info, thats pretty much what I figured, the mid owners... from what I can tell, the guys that own more than 1500 shares havent sold, they may have added, but haven't sold.. Damn, why on earth would anyone sell for so cheap? its like giving money away..

The largest holders that sold off completely are about ten people who held between 100 and 1k shares each.