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Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 252. (Read 1079974 times)

full member
Activity: 238
Merit: 100
Maybe burnside sold his shares and changed the wording of the warning hoping to buy back cheap Grin

Anyway "Flagged for potential violations - wtf does that mean?"  Flagged how?  What violations? Serious ones? Minor ones (like not locking shares) what?
sr. member
Activity: 266
Merit: 250
Is the new warning from burnside lower key or higher?

It's mostly more formal and official sounding. The old warning spoke of "a lot of controversy", which is very subjective. The new warning is much more professional in that matter.

I don't think Burnside has changed his stance.

Indeed the first one was like if he was holding shares, well i hope they fix it soon!
full member
Activity: 224
Merit: 100
Is the new warning from burnside lower key or higher?
that should give some legal pressure to the team
hero member
Activity: 728
Merit: 500
Is the new warning from burnside lower key or higher?

It's mostly more formal and official sounding. The old warning spoke of "a lot of controversy", which is very subjective. The new warning is much more professional in that matter.

I don't think Burnside has changed his stance.
full member
Activity: 238
Merit: 100
Is the new warning from burnside lower key or higher?

Dunno.   It's a lot more direct - but hopefully it will get Labcoin to fix it more quickly.

I feel like if they are going to post that they need to explain what aspects of the agreement they've failed to meet.
hero member
Activity: 728
Merit: 500
Just noticed that the text of the warning box on the LABCOIN asset page has changed.

Old:
Quote
WARNING -- There is a lot of controversy over the reliability of the operator of this asset. Please place your orders accordingly.

New:
Quote
WARNING -- This asset has been flagged for potential violation of their Stockholder Agreement. Please place your orders accordingly.
full member
Activity: 238
Merit: 100
Well there is only 1 thing to make this bullshit go away:


Well there is only 1 thing to make this bullshit go away:

8. Video of completed boards connected to a monitor that shows active hashrate are actually from those boards.


Do you have any idea how easy that would be to fake?

You just write some program that simulates a CGMiner screen, run it, and take a screenshot/video.  The idea of mining software output as "proof" of anything is completely ridiculous.
legendary
Activity: 882
Merit: 1000
Is the new warning from burnside lower key or higher?
sr. member
Activity: 782
Merit: 258
Betking.io - Best Bitcoin Casino
Well there is only 1 thing to make this bullshit go away:


Well there is only 1 thing to make this bullshit go away:

8. Video of completed boards connected to a monitor that shows active hashrate are actually from those boards.


While you wait for your video, I'll collect the dividends. Have fun!
sr. member
Activity: 266
Merit: 250
sr. member
Activity: 266
Merit: 250
We could reach Top10 within 1 week if you take the previous news in the back of your mind..

PS. Thats would be a bullshit killer also
sr. member
Activity: 266
Merit: 250
Last hour it still was +/- 766
full member
Activity: 238
Merit: 100
hashrate seems to be falling instead of rising, probably related to stability issues
full member
Activity: 224
Merit: 100
Well there is only 1 thing to make this bullshit go away:


Well there is only 1 thing to make this bullshit go away:

8. Video of completed boards connected to a monitor that shows active hashrate are actually from those boards.
sr. member
Activity: 266
Merit: 250
is there any posted pics of them rigs

Only boards and chip pictures
sr. member
Activity: 266
Merit: 250
Well there is only 1 thing to make this bullshit go away:

"According to Sam, more hash rate will be deployed daily."

"Even though I don't like making promises but Sam has assured me that 20TH is a goal that will not be missed within 2 weeks."

That would be alot of bought machines Smiley
legendary
Activity: 2128
Merit: 1002
is there any posted pics of them rigs
full member
Activity: 224
Merit: 100
KCBitcoin.. really? hahaha
So if the hashrate rises to promised level; you still want a video as proof?
For a team has such an incredibly low reputation, there will always be people FUDing these hashrate are from some in-hand units bought using IPO fund to fool us investors.
sr. member
Activity: 266
Merit: 250
KCBitcoin.. really? hahaha
So if the hashrate rises to promised level; you still want a video as proof?

full member
Activity: 224
Merit: 100
Okay Okay great news so far! Now its really up to the hashrate to do the talking!

Checklist for people who are not convinced:

1. Are we actually mining?
2. We want to see the current hashrate (live)
3. We want to see some chip pictures
4. We want to see some board pictures
5. We would like dividend!
6. Are the shares locked? Proof..
7. Pictures of complete boards
8. Video of completed boards connected to a monitor that shows active hashrate are actually from those boards.
9. Website

Some more things?

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