Why should anyone listen to you?
No one should. IF you have a brain, use it and draw your own conclusion based on the evidence available to you.
Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 24. (Read 1079974 times)
October 19, 2013, 07:42:34 AM
No one should. IF you have a brain, use it and draw your own conclusion based on the evidence available to you.
October 19, 2013, 06:59:19 AM
I only supported Labcoin against the scam accusations, not their utter incompetence. This project can still fail even if they don't have scam motives. I still support them as in they are most likely not a scam, but they are incompetent.
When it comes to bitcoin securities (an oxymoron if there ever was one), "never attribute to stupidity that which is adequately explained by malice".
One failure, I might mistake intention. But after:
-Wozad (http://www.micro-funding.com/index.php?action=showstartup&startups_id=19)
-zenpad scam (http://www.reddit.com/r/IAmA/comments/kg4ch/im_the_guy_who_launched_an_highly_overhyped/)
-Kronos.io scam (http://www.reddit.com/r/Bitcoin/comments/yb89v/bitdaytradecom_operator_has_already_lost_4000btc/)
-bitscalper.com scam
-Bitdaytrade scam
-Labcoin scam
(Im ignoring some fake watch "business"), all of these scams are still called "failures due to incompetence" by some, do you really think Alberto is just the worst CEO in history, or a better scammer than people give him credit for?
I feel I need to make a correction. Of all his schemes, there may have been one that was an actual business and perhaps even profitable for a while. I dont know for sure, but cannabis usually is and there is no denying he did have the .. 'hardware" :
http://ricerca.gelocal.it/lanuovasardegna/archivio/lanuovasardegna/2006/09/12/SW1SD_SW103.html
Why should anyone listen to you? You dress up as a dog and sexually abuse cats.
The evidence is blatantly clear on this. You call yourself "puppet" and the guy in the article dresses like a puppet dog. Open and shut case - you molester small children and mug old grannies.
October 19, 2013, 05:59:21 AM
I feel I need to make a correction. Of all his schemes, there may have been one that was an actual business and perhaps even profitable for a while. I dont know for sure, but cannabis usually is and there is no denying he did have the .. 'hardware" :
http://ricerca.gelocal.it/lanuovasardegna/archivio/lanuovasardegna/2006/09/12/SW1SD_SW103.html
Google translate:
Marijuana at home arrested
12 September 2006 - page 06 section: Cagliari
CARBONIA. He looked after at home a small plantation of marijuana with lots of irrigation and ventilation: a young man from Carbonia was arrested by the police of the operational core of Carbonia and mobile radio station Giba for cultivation and possession for the purpose of trafficking of substances drugs.
Armandi Alberto, 23, of Carbonia, had pulled up at the house a veritable greenhouse in his attic containing 10 seedlings of "cannabis indica" that would have reached a height of over one meter. The seeds had been ordered by the young via the Internet. The military, in addition to the garden, they also found 80 grams of marijuana already dried and 10 of hashish.
Surprised in the act, Armandi was arrested by police and is now at the disposal of the judicial authority.
October 19, 2013, 05:19:07 AM
I only supported Labcoin against the scam accusations, not their utter incompetence. This project can still fail even if they don't have scam motives. I still support them as in they are most likely not a scam, but they are incompetent.
When it comes to bitcoin securities (an oxymoron if there ever was one), "never attribute to stupidity that which is adequately explained by malice".
One failure, I might mistake intention. But after:
-Wozad (http://www.micro-funding.com/index.php?action=showstartup&startups_id=19)
-zenpad scam (http://www.reddit.com/r/IAmA/comments/kg4ch/im_the_guy_who_launched_an_highly_overhyped/)
-Kronos.io scam (http://www.reddit.com/r/Bitcoin/comments/yb89v/bitdaytradecom_operator_has_already_lost_4000btc/)
-bitscalper.com scam
-Bitdaytrade scam
-Labcoin scam
(Im ignoring some fake watch "business"), all of these scams are still called "failures due to incompetence" by some, do you really think Alberto is just the worst CEO in history, or a better scammer than people give him credit for?
I feel I need to make a correction. Of all his schemes, there may have been one that was an actual business and perhaps even profitable for a while. I dont know for sure, but cannabis usually is and there is no denying he did have the .. 'hardware" :
http://ricerca.gelocal.it/lanuovasardegna/archivio/lanuovasardegna/2006/09/12/SW1SD_SW103.html
October 19, 2013, 04:50:35 AM
Why can't they be at $2/gh? once everything is designed which it seems it is, manufacturing costs aren't going to change. I think once they hit 10TH and 20TH people will start to pile in. at 20TH having 1% of the network is no joke. Especially buying shares at these retarded prices.
Well for one the actual hashrate of the chips is significantly lower than they anticipated when they made the $2/gh claim. Then there are the supposed engineering costs for coming up with a workable cooling solution among other things. October 19, 2013, 04:36:51 AM
It's hard to say where "most investors" joined in.
The number of investors is irrelevant, what matters is the money they invested. And no amount of trading or flipping changes the fact combined they invested IPO price and only got divs in return. Whatever some lucky investors gained by flipping at the right time was lost by others.
October 19, 2013, 01:03:58 AM
Depends which investors you are talking about, the ones who bought in at IPO/higher, or the ones who bought in at 10% of IPO?
I am talking about IPO investors, or as I would say "most investors". Obviously, I'm going to get stories of people pretending they bought and sold at all the right times. The simple truth is that the initial capital will never be paid back to investors.Anyway, 10% of IPO is still way too high for current hashrate for any chance of profit.
From what I can tell, he has a 0.2% of the network currently, if he could hold that (which I kind of doubt) it would be about 2620.8Btc/year or 0.00026208 per share per year. In order for shares to be worth
Yeah. I'm pretty sure he originally said he'd be at 50TH/s by now. I think most recently he said he'd be at 10Th/s by tommorow. If IPO investors are going to make a profit in a year of dividends he'd need to maintain 1% of the network, or about 21Th/s at the current rate.
There's also a real question about how much he'll be able to increase hashrate before running out of money. I seriously doubt he's at the $2/gh level they initially announced at this point. We can see the issues he's been having with hashrate lately, but beyond that we have no idea what's going on with the remaining funds. No one is going to value this stock based on a year of expected performance for now, so he'll have to grow his share of the network consistently for months before there's any chance of the price recovering (IMO)
Why can't they be at $2/gh? once everything is designed which it seems it is, manufacturing costs aren't going to change. I think once they hit 10TH and 20TH people will start to pile in. at 20TH having 1% of the network is no joke. Especially buying shares at these retarded prices.
October 19, 2013, 12:57:32 AM
Depends which investors you are talking about, the ones who bought in at IPO/higher, or the ones who bought in at 10% of IPO?
I am talking about IPO investors, or as I would say "most investors". Obviously, I'm going to get stories of people pretending they bought and sold at all the right times. The simple truth is that the initial capital will never be paid back to investors.Anyway, 10% of IPO is still way too high for current hashrate for any chance of profit.
From what I can tell, he has a 0.2% of the network currently, if he could hold that (which I kind of doubt) it would be about 2620.8Btc/year or 0.00026208 per share per year. In order for shares to be worth
Yeah. I'm pretty sure he originally said he'd be at 50TH/s by now. I think most recently he said he'd be at 10Th/s by tommorow. If IPO investors are going to make a profit in a year of dividends he'd need to maintain 1% of the network, or about 21Th/s at the current rate.
There's also a real question about how much he'll be able to increase hashrate before running out of money. I seriously doubt he's at the $2/gh level they initially announced at this point. We can see the issues he's been having with hashrate lately, but beyond that we have no idea what's going on with the remaining funds. No one is going to value this stock based on a year of expected performance for now, so he'll have to grow his share of the network consistently for months before there's any chance of the price recovering (IMO)
October 19, 2013, 12:29:01 AM
I managed to jump back in at .0001150 but that was luck
I bought and sold on the way down... Selling at .0035 was nice.
I am up overall but I have made a good chuck of errors as well.
I do agree that without a lot of TH coming online soon and quickly we won't go anywhere
Lucky enough lowest price we can go is .0001
I bought and sold on the way down... Selling at .0035 was nice.
I am up overall but I have made a good chuck of errors as well.
I do agree that without a lot of TH coming online soon and quickly we won't go anywhere
Lucky enough lowest price we can go is .0001
October 19, 2013, 12:22:36 AM
Depends which investors you are talking about, the ones who bought in at IPO/higher, or the ones who bought in at 10% of IPO?
I am talking about IPO investors, or as I would say "most investors". Obviously, I'm going to get stories of people pretending they bought and sold at all the right times. The simple truth is that the initial capital will never be paid back to investors.Anyway, 10% of IPO is still way too high for current hashrate for any chance of profit.
It's hard to say where "most investors" joined in. A lot of trading has happened since we went below IPO levels, and I highly doubt you (or anyone) could figure it out. If Labcoin can continue to hold .15% of the network as we do now, and keep purchasing old equipment to cover their scam, that's .00005 BTC/share annual return. For some people that's 50% annual return. LOL
October 19, 2013, 12:08:14 AM
5.2TH hashing, pankake is starting to have heart failure along with all the other haters.
You have understood nothing of what I said, and welcome to my ignore list of retards/scammers.Do you also realize that anything under 100 TH at that point is going to be a fat loss for investors?
Also, not even able to spell my nickname properly.
Depends which investors you are talking about, the ones who bought in at IPO/higher, or the ones who bought in at 10% of IPO?
October 18, 2013, 11:54:47 PM
OH wait, they are using ghash.io? LOL. Guess who does too:
https://cex.io/
Very easy to get a few TH that way, very difficult to post pictures of something you actually own and doesnt look like a bitfury.
https://cex.io/
Very easy to get a few TH that way, very difficult to post pictures of something you actually own and doesnt look like a bitfury.
oh,i didnt know that, so labcoin can buy miner from cex and direct it to ghash.io? am i correct?
they could. and they'd lose the rest of all btc - hopefully that's not what they are trying to do
meh, never mind, to make account in cex.io you are required to give personal info, like passport photo, bank account, heavy info, no way labcoin will do it, maybe they provided false info for time being. who knows?
October 18, 2013, 10:01:17 PM
Someone made this (i think Qwerty)
Interview with labcoin shareholder
http://www.youtube.com/watch?v=JfAwihDHS_A
ROFL
!!!!!!!!!!!!!!!!!!
Interview with labcoin shareholder
http://www.youtube.com/watch?v=JfAwihDHS_A
ROFL
!!!!!!!!!!!!!!!!!!So funny!
October 18, 2013, 08:44:37 PM
Cryptostocks is up and live now with trading resuming!
funny , it has already lost massive of No. shareholders, lets see which bagholders will be first to dump for that bit profit, before it hit floor again
It will be strong for awhile at 5TH/S, compared to pre-shutdown price on BTCT
October 18, 2013, 08:32:23 PM
Cryptostocks is up and live now with trading resuming!
funny , it has already lost massive of No. shareholders, lets see which bagholders will be first to dump for that bit profit, before it hit floor again
October 18, 2013, 08:16:33 PM
Cryptostocks is up and live now with trading resuming!
October 18, 2013, 06:23:08 PM
btw, i dont understand how can labcoin go mine in private pool for bitfury? assuming they have there "non exisistant" own asic
so how its allowed?
so how its allowed?
if you sign up at cex.io, your account lets you log in to ghash.io, and you can define your workers etc like with any other pool. Its not that private.
October 18, 2013, 06:14:05 PM
btw, i dont understand how can labcoin go mine in private pool for bitfury? assuming they have there "non exisistant" own asic
so how its allowed?
so how its allowed?
October 18, 2013, 06:00:36 PM
OH wait, they are using ghash.io? LOL. Guess who does too:
https://cex.io/
Very easy to get a few TH that way, very difficult to post pictures of something you actually own and doesnt look like a bitfury.
https://cex.io/
Very easy to get a few TH that way, very difficult to post pictures of something you actually own and doesnt look like a bitfury.
oh,i didnt know that, so labcoin can buy miner from cex and direct it to ghash.io? am i correct?
they could. and they'd lose the rest of all btc - hopefully that's not what they are trying to do
im not so sure about this.
i could be mistaken, but if im correct, all the mining on ghash.io as a result of a cex.io share purchase mines into the user account balance (for ease of reinvestment.). You can manually divide mining payout by percentage to different addresses, but only for external workers that you direct at the pool. played with the settings on this feature (was trying to send the cex.io mining profits to two external wallets, divided in half). dont own a physical miner, so haven tested it. hope this clears things up.
Green
mayhap someone can simply test this? ghash.io doesnt seem like a bad pool to mine with
October 18, 2013, 05:48:43 PM
OH wait, they are using ghash.io? LOL. Guess who does too:
https://cex.io/
Very easy to get a few TH that way, very difficult to post pictures of something you actually own and doesnt look like a bitfury.
https://cex.io/
Very easy to get a few TH that way, very difficult to post pictures of something you actually own and doesnt look like a bitfury.
oh,i didnt know that, so labcoin can buy miner from cex and direct it to ghash.io? am i correct?
Yep. Im not sure how it would look like in the screenshot, but I would ask one of the "workers" page. Its not going to prove anything conclusively, but could be interesting nonetheless.
Jump to: