[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 142.

abuelau

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Activity: 750

Merit: 500

www.coinschedule.com

Quote from: Puppet on September 28, 2013, 03:22:28 AM

Quote from: TMAN on September 28, 2013, 02:59:49 AM

20TH in "2 weeks" labcoin to he moon...

What's really amusing about this situation is that even if Sam came in here and said the chips are half fucked but we have an engineer on route to help us fix the situation, then the stock would double in price.

I think he wants the stock low now, I bet the team are buying now and will end up with 50% of the company on the cheap

OT, but I find it fascinating that time after time, this bitcoin experiment shows us the usefulness of so many existing regulations that die hard libertarians love to hate. Things like registering a security, so that potential investors know all the relevant facts about the people and the business they are investing in. Rules against insider trading and stock manipulation as hinted at above, and disclosure requirements that would force labcoin to come clean about the actual status of their business making this more an investment than a lottery. The need for an organisation that verifies and enforces this, since you cant trust the exchanges, let alone the issuers. We already learned what happens when you allow ponzi schemes (pirate) or known felons to play 'bank' (mybitcoin). BFL customers are finding out that FTC rules about shipping delays and refunds perhaps arent so daft. Heck, they are even learning that evil old Paypal has its uses too.

Many libertarians were or are convinced bitcoin would show just how good a totally free market can work. Its showing me the exact opposite: t doesnt work without some sensible regulation, it becomes a scammer's and gamblers paradise, not a functional economy.

+1 for that.

Puppet

legendary

Activity: 980

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Quote from: TMAN on September 28, 2013, 02:59:49 AM

20TH in "2 weeks" labcoin to he moon...

What's really amusing about this situation is that even if Sam came in here and said the chips are half fucked but we have an engineer on route to help us fix the situation, then the stock would double in price.

I think he wants the stock low now, I bet the team are buying now and will end up with 50% of the company on the cheap

OT, but I find it fascinating that time after time, this bitcoin experiment shows us the usefulness of so many existing regulations that die hard libertarians love to hate. Things like registering a security, so that potential investors know all the relevant facts about the people and the business they are investing in. Rules against insider trading and stock manipulation as hinted at above, and disclosure requirements that would force labcoin to come clean about the actual status of their business making this more an investment than a lottery. The need for an organisation that verifies and enforces this, since you cant trust the exchanges, let alone the issuers. We already learned what happens when you allow ponzi schemes (pirate) or known felons to play 'bank' (mybitcoin). BFL customers are finding out that FTC rules about shipping delays and refunds perhaps arent so daft. Heck, they are even learning that evil old Paypal has its uses too.

Many libertarians were or are convinced bitcoin would show just how good a totally free market can work. Its showing me the exact opposite: t doesnt work without some sensible regulation, it becomes a scammer's and gamblers paradise, not a functional economy.

TMAN

legendary

Activity: 1414

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Exchange Bitcoin quickly-https://blockchain.com.do

20TH in "2 weeks" labcoin to he moon...

What's really amusing about this situation is that even if Sam came in here and said the chips are half fucked but we have an engineer on route to help us fix the situation, then the stock would double in price.

I think he wants the stock low now, I bet the team are buying now and will end up with 50% of the company on the cheap

dexX7

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Activity: 1106

Merit: 1026

Quote from: girlfawkesy on September 27, 2013, 11:00:16 PM

The transaction can be traced to BTCguild if you look at where it comes from originally. However they managed it, they mined that btc.

They always trace back to:

http://blockchain.info/address/14cZMQk89mRYQkDEj8Rn25AnGoBi5H6uer

Which is the btcguild wallet.

You are right. Those coins landed in Labcoin's wallet, but we don't know when they were mined. Labcoin set their threshold for hourly payouts to .05 BTC and the other transactions you have spotted were probably a surplus which was manually (?) pushed. Some days ago they were visible in the team ranking under the name "labcoin", but I didn't saw them in the last hours. This means their hashrate never exceeded approximately 680 GH/s or those weren't mined under the team banner "labcoin".

BitCsByBit

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Activity: 252

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Quote from: girlfawkesy on September 27, 2013, 11:00:16 PM

Quote from: redbeans2012 on September 27, 2013, 10:36:28 PM

Quote from: girlfawkesy on September 27, 2013, 10:22:32 PM

Quote from: dwdoc on September 27, 2013, 09:50:42 PM

Mining .05BTC per hour for last several hours. Hashrate approx. 300GH/s?

For a brief period they were mining around 2-3THS, maybe an hour, then back to 300.

Those bigger payouts are sent manually probably from the miners they are testing (or from trolls). There will probably be more.

The transaction can be traced to BTCguild if you look at where it comes from originally. However they managed it, they mined that btc.

They always trace back to:

http://blockchain.info/address/14cZMQk89mRYQkDEj8Rn25AnGoBi5H6uer

Which is the btcguild wallet.

In saying that, anyone using btcguild could just point their miner to the Labcoin wallet.

girlfawkesy

newbie

Activity: 55

Merit: 0

Quote from: redbeans2012 on September 27, 2013, 10:36:28 PM

Quote from: girlfawkesy on September 27, 2013, 10:22:32 PM

Quote from: dwdoc on September 27, 2013, 09:50:42 PM

Mining .05BTC per hour for last several hours. Hashrate approx. 300GH/s?

For a brief period they were mining around 2-3THS, maybe an hour, then back to 300.

Those bigger payouts are sent manually probably from the miners they are testing (or from trolls). There will probably be more.

The transaction can be traced to BTCguild if you look at where it comes from originally. However they managed it, they mined that btc.

They always trace back to:

http://blockchain.info/address/14cZMQk89mRYQkDEj8Rn25AnGoBi5H6uer

Which is the btcguild wallet.

redphlegm

sr. member

Activity: 246

Merit: 250

My spoon is too big!

Quote from: ArcticWolf on September 27, 2013, 10:42:43 PM

Any word on what labcoin are doing in regard to the btct shutdown?

Swede said they're exploring bitfunder and that's what it looks like but we've heard nothing (that I know of anyway) from bitfunder on whether it's going to be allowed and what the method of transfer would be.

I can say this though: there's no way in hell I'm transferring my shares to any of the labcoin team at this point for transfer on btct. If a transfer happens, it needs to be through a trusted third party entity like Ukyo or burnside (or a collab between them) or perhaps as direct shares as an interim to bitfunder.

VolanicEruptor

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Activity: 392

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Quote from: ArcticWolf on September 27, 2013, 10:42:43 PM

Any word on what labcoin are doing in regard to the btct shutdown?

direct shares, with possible migration to bitfunder
blah blah blah

ArcticWolf

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Activity: 196

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Any word on what labcoin are doing in regard to the btct shutdown?

redbeans2012

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Activity: 887

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Quote from: girlfawkesy on September 27, 2013, 10:22:32 PM

Quote from: dwdoc on September 27, 2013, 09:50:42 PM

Mining .05BTC per hour for last several hours. Hashrate approx. 300GH/s?

For a brief period they were mining around 2-3THS, maybe an hour, then back to 300.

Those bigger payouts are sent manually probably from the miners they are testing (or from trolls). There will probably be more.

BitCsByBit

sr. member

Activity: 252

Merit: 250

Quote from: dwdoc on September 27, 2013, 09:50:42 PM

Mining .05BTC per hour for last several hours. Hashrate approx. 300GH/s?

Unfortunately that is less than half of what they had a week ago, and they were supposed to be adding to it.

Whatever changes they made to fix the stability issues didn't work, and they have made it worse.

girlfawkesy

newbie

Activity: 55

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Quote from: dwdoc on September 27, 2013, 09:50:42 PM

Mining .05BTC per hour for last several hours. Hashrate approx. 300GH/s?

For a brief period they were mining around 2-3THS, maybe an hour, then back to 300.

dwdoc

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- - -Caveat Aleo- - -

Mining .05BTC per hour for last several hours. Hashrate approx. 300GH/s?

mobile

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Merit: 250

the sun is shining, but the ice is still slippery

Quote from: codegnome on September 27, 2013, 07:00:12 PM

Quote from: mobile on September 27, 2013, 06:47:29 PM

Quote from: codegnome on September 27, 2013, 06:37:39 PM

Thanks to someone who bought me out of what looked like a hopeless situation. I hope you have better luck than I did.

I bought back in with the previous days profit at 0.001. When is someone going to buy me out of this situation? Huh

Lol But that's ok, I'll be holding onto these shares. Even if it's for a very long time : -\

Consider yourself lucky, I was well above that.

With the disappearance of Labcoin, TheSwede unable to contact him, and almost nonexistent hash rate, I could not stomach it anymore.

Stomach, nerves...all of this does not fare well on the heart either. I might as well start a daily 1 aspirin a day regime. Reduce risk of a transient ischemic attack (TIA) Tongue

These securities & their spastic PR practice, more or less lack there of..... Angry

gogxmagog

legendary

Activity: 1456

Merit: 1010

Ad maiora!

Personally, I feel like I am waiting for labcoin to either shit or go blind.

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: BitThink on September 27, 2013, 07:05:26 PM

Suggestion to labcoin

1) fire your current engineer immediately, hire a one with much higher salary.
2) clear the order book, place a large bid with all the BTC remaining.
3) post a update explaining what's exactly happened and your future plan.
4) reenable the trading, and let investors decide whether get the refund or stay.

This is really really important if you want to minimize your legal risk!

LOL @ "legal risk".

BitThink

legendary

Activity: 882

Merit: 1000

Suggestion to labcoin

1) fire your current engineer immediately, hire a one with much higher salary.
2) clear the order book, place a large bid with all the BTC remaining.
3) post a update explaining what's exactly happened and your future plan.
4) reenable the trading, and let investors decide whether get the refund or stay.

This is really really important if you want to minimize your legal risk!

codegnome

sr. member

Activity: 782

Merit: 258

Betking.io - Best Bitcoin Casino

Quote from: mobile on September 27, 2013, 06:47:29 PM

Quote from: codegnome on September 27, 2013, 06:37:39 PM

Thanks to someone who bought me out of what looked like a hopeless situation. I hope you have better luck than I did.

I bought back in with the previous days profit at 0.001. When is someone going to buy me out of this situation? Huh

Lol But that's ok, I'll be holding onto these shares. Even if it's for a very long time : -\

Consider yourself lucky, I was well above that.

With the disappearance of Labcoin, TheSwede unable to contact him, and almost nonexistent hash rate, I could not stomach it anymore.

Bitcycle

sr. member

Activity: 420

Merit: 250

I placed 1 share for sale for 5 BTC, just for Johnny.

mobile

sr. member

Activity: 400

Merit: 250

the sun is shining, but the ice is still slippery

Quote from: codegnome on September 27, 2013, 06:37:39 PM

Quote from: Bitcycle on September 27, 2013, 06:33:28 PM

Quote from: Bitcycle on September 27, 2013, 05:05:11 PM

Great time to unload your shares if you believe it's a scam.

If it's a scam, it's never going to be this high again.

If it's a scam.

Well, you had your chance.

Thanks to someone who bought me out of what looked like a hopeless situation. I hope you have better luck than I did.

I bought back in with the previous days profit at 0.001. When is someone going to buy me out of this situation? Huh

lol But thats ok, Ill be holding onto these shares. Even if its for a very long time Undecided

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 142. (Read 1079974 times)