Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 126. (Read 1079974 times)
September 29, 2013, 01:28:12 AM
Interesting, three of the strong believers, including one that believed it will be 5 BTC, now changed their roles. Isn't this the behaviour you hated the most before?
September 29, 2013, 01:19:17 AM
There QA doesn't matter, it's useless:
1. No hashing until October 15th the earliest, which they will probably miss deadline.
2. Head Engineer Howard left a month ago, they have no hardware person, and have sent chips and boards to 3rd party.
3. There is no Team, besides Sam, which could be Alessia
4. No exchange yet, they will only add hash after they are taken off of BTCT.
This thing is worthless, and will continue to plunge, as again nothing will happen until after October 15th, and they will be off of the exchange way before then.
Don't worry though make sure you hold until the Q&A tomorrow so you realize how worthless it is, when they tell you please wait 3 weeks until our 3rd party imaginary person hopefully fixes things, then you can sell for another 60% loss.
1. No hashing until October 15th the earliest, which they will probably miss deadline.
2. Head Engineer Howard left a month ago, they have no hardware person, and have sent chips and boards to 3rd party.
3. There is no Team, besides Sam, which could be Alessia
4. No exchange yet, they will only add hash after they are taken off of BTCT.
This thing is worthless, and will continue to plunge, as again nothing will happen until after October 15th, and they will be off of the exchange way before then.
Don't worry though make sure you hold until the Q&A tomorrow so you realize how worthless it is, when they tell you please wait 3 weeks until our 3rd party imaginary person hopefully fixes things, then you can sell for another 60% loss.
September 29, 2013, 12:52:29 AM
September 29, 2013, 12:45:58 AM
Those who concluded this is a complete scam please explain how this scam works? Who not just go with $700k and run away, actually they could get double of that value then. Why waste so much time just for the rest 30%? I cannot understand the logic.
To me this is just a poorly managed project. The whole team was heavily based on Howard Wang, who got an offer from US university and left just before they got chips. Howard is not just the key developer but also the access to university facility. Their replacement has did a very poor job and always gave a over optimistic estimation. Now they gave up and have decided to outsourced all the assembly and deploying.
Because $700k isn't enough. To me this is just a poorly managed project. The whole team was heavily based on Howard Wang, who got an offer from US university and left just before they got chips. Howard is not just the key developer but also the access to university facility. Their replacement has did a very poor job and always gave a over optimistic estimation. Now they gave up and have decided to outsourced all the assembly and deploying.
September 29, 2013, 12:42:30 AM
Reddit is having fun with this: http://www.reddit.com/r/Bitcoin/comments/1ncckq/labcoin_has_been_outed_as_a_scam_run_by_notorious/
September 29, 2013, 12:35:06 AM
Those who concluded this is a complete scam please explain how this scam works? Who not just go with $700k and run away, actually they could get double of that value then. Why waste so much time just for the rest 30%? I cannot understand the logic.
To me this is just a poorly managed project. The whole team was heavily based on Howard Wang, who got an offer from US university and left just before they got chips. Howard is not just the key developer but also the access to university facility. Their replacement has did a very poor job and always gave a over optimistic estimation. Now they gave up and have decided to outsourced all the assembly and deploying.
To me this is just a poorly managed project. The whole team was heavily based on Howard Wang, who got an offer from US university and left just before they got chips. Howard is not just the key developer but also the access to university facility. Their replacement has did a very poor job and always gave a over optimistic estimation. Now they gave up and have decided to outsourced all the assembly and deploying.
Read back a few pages.
1) The CEO claims no relation to Labcoin.
2) The chat log showing delaria recruiting an inventor (agath) and admitting to being Alissa Tatti (obvious relation to CEO that claims no involvement).
3) The connection between Alissa Tatti and a known bitcoin scammer
4) Labcoin account denying the involvement of the above people and claiming Alissa Tatti left the company shortly after recruiting people.
5) theSeven stating that he has had continued contact with Alissa (I believe he stated she was the primary contact but I'd have to go find that).
It is my opinion that Swede and theSeven are unwitting accomplices in this scam. They were hired and believed this project was legit.
Sam has a lot of explaining to do if he is to convince me this isn't a scam. Tomorrow should be interesting.
September 29, 2013, 12:21:42 AM
Those who concluded this is a complete scam please explain how this scam works? Who not just go with $700k and run away, actually they could get double of that value then. Why waste so much time just for the rest 30%? I cannot understand the logic.
To me this is just a poorly managed project. The whole team was heavily based on Howard Wang, who got an offer from US university and left just before they got chips. Howard is not just the key developer but also the access to university facility. Their replacement has did a very poor job and always gave a over optimistic estimation. Now they gave up and have decided to outsourced all the assembly and deploying.
To me this is just a poorly managed project. The whole team was heavily based on Howard Wang, who got an offer from US university and left just before they got chips. Howard is not just the key developer but also the access to university facility. Their replacement has did a very poor job and always gave a over optimistic estimation. Now they gave up and have decided to outsourced all the assembly and deploying.
September 29, 2013, 12:19:49 AM
Is TheSwede still involved with this?
till he goes to jail
goes to jail with labcoin
September 29, 2013, 12:15:53 AM
Is TheSwede still involved with this?
till he goes to jail
September 29, 2013, 12:15:24 AM
what IRC channel will hold the "mob lynching" conference ?
I didn't receive any answer from labcoin nor TheSwede75 yet.
By the way, I started a seperate thread to collect questions (if they are indeed doing a Q&A):
https://bitcointalksearch.org/topic/collection-of-questions-for-the-allegedly-upcoming-labcoin-qa-session-304365
September 29, 2013, 12:12:28 AM
what IRC channel will hold the "mob lynching" conference ?
September 29, 2013, 12:07:15 AM
no point to this thread until labcoin speaks up tomorrow. i don't understand why noone did any research BEFORE giving them money. strange.
then again there were unknown people like friedcat who pulled through.
then again there were unknown people like friedcat who pulled through.
September 29, 2013, 12:01:14 AM
Yes, the grammar is not that of a native English speaker. They promise to post the "informations", to " give here notice of the starting time", to "reply all questions". Kind of like someone doing an internal translation from a Romance language. Just a guess.
Ken Slaughter with Activemining has shitty grammar too, and he's been speaking english since day 1.
Some of us are just retarded...
It's not that it's shitty grammar. It's an interesting and consistent mangling of English grammar. There's a difference.
September 28, 2013, 11:58:19 PM
I am not qualified in hardware development, i do have a general IT background and have managed several software development projects.
We will try our best to reply all questions during the session tomorrow.
We will try our best to reply all questions during the session tomorrow.
Are you actually going to show up this time? And not send an understudy of someone, who at this point doesn't even work for your 'company'.
And the Labcoin handle really does type in more of a European way... we have plenty of Chinese posters here and they all have a distinctly different way of typing.
I really think that Sam = Alberto/Alessia
Yes, the grammar is not that of a native English speaker. They promise to post the "informations", to " give here notice of the starting time", to "reply all questions". Kind of like someone doing an internal translation from a Romance language. Just a guess.
Ken Slaughter with Activemining has shitty grammar too, and he's been speaking english since day 1.
Some of us are just retarded...
September 28, 2013, 11:53:25 PM
I am not qualified in hardware development, i do have a general IT background and have managed several software development projects.
We will try our best to reply all questions during the session tomorrow.
We will try our best to reply all questions during the session tomorrow.
Are you actually going to show up this time? And not send an understudy of someone, who at this point doesn't even work for your 'company'.
And the Labcoin handle really does type in more of a European way... we have plenty of Chinese posters here and they all have a distinctly different way of typing.
I really think that Sam = Alberto/Alessia
Yes, the grammar is not that of a native English speaker. They promise to post the "informations", to " give here notice of the starting time", to "reply all questions". Kind of like someone doing an internal translation from a Romance language. Just a guess.
Ken Slaughter with Activemining has shitty grammar too, and he's been speaking english since day 1.
Some of us are just retarded...
September 28, 2013, 11:50:28 PM
I am not qualified in hardware development, i do have a general IT background and have managed several software development projects.
We will try our best to reply all questions during the session tomorrow.
We will try our best to reply all questions during the session tomorrow.
Are you actually going to show up this time? And not send an understudy of someone, who at this point doesn't even work for your 'company'.
And the Labcoin handle really does type in more of a European way... we have plenty of Chinese posters here and they all have a distinctly different way of typing.
I really think that Sam = Alberto/Alessia
Yes, the grammar is not that of a native English speaker. They promise to post the "informations", to " give here notice of the starting time", to "reply all questions". Kind of like someone doing an internal translation from a Romance language. Just a guess.
September 28, 2013, 11:48:17 PM
Haha, this is so funny, I'm going to buy some more shares just for the thrill.
I have a single share of Labcoin "for the lulz"
Congratulations on your investment.
Thanks. I used to have more, but more was less amusing.
September 28, 2013, 11:42:34 PM
Haha, this is so funny, I'm going to buy some more shares just for the thrill.
I have a single share of Labcoin "for the lulz"
Congratulations on your investment.
September 28, 2013, 11:33:14 PM
Lets sum up Labcoin.
Run by a dumb Italian Bitch, literally Bitch as in female, who hired everyone from Odesk...
Run by a dumb Italian Bitch, literally Bitch as in female, who hired everyone from Odesk...
Sort of. Here's their oDesk profile:
Quote
About the Client
labcoin
Italy (UTC+01)
Member Since May 14 2011
ASIC/Integrated circuit development
Custom ASIC/Integrated circuit development
Total Spent $0
Hours Billed 0
Jobs Posted 10
Hires 0
Open Jobs 1
Current Team Size
labcoin
Italy (UTC+01)
Member Since May 14 2011
ASIC/Integrated circuit development
Custom ASIC/Integrated circuit development
Total Spent $0
Hours Billed 0
Jobs Posted 10
Hires 0
Open Jobs 1
Current Team Size
Love the "Current Team Size"
Posted 10 jobs, executed on none of them, since May 2011...
Their open job is from 2012, for a lottery site. https://www.odesk.com/o/jobs/job/_~~0004f9d9a9eea142/
They ooze credibility. Or they just ooze.
September 28, 2013, 11:31:09 PM
Is TheSwede still involved with this?
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