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Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 26. (Read 1079974 times)

legendary
Activity: 980
Merit: 1040
1. Auction style IPO raise 3-4X more.
2. Buy 3rd party hardware, which 2TH can easily be acquired in the 3 month period, since they already had 3 avalons anyway.
3. Put up 2TH ahead of schedule, watch price skyrocket, sell remaining shares, and
4. Disappear

That is a good scammer, not have an honest IPO, have zero hashing and miss deadlines, and stick around for a year lol.

Call it what you want, he ran of with 10s of thousands of BTC by now, and some people, yourself included, still believe he is honest. I find that a far more successful scam than what pirate did.

Quote
Uhh Zenpad failed as a business, but you label it scam.

Let me guess, you only read the reddit thread he posted himself, not what for instance, engadget wrote at the time:
http://www.engadget.com/2010/04/09/ensos-zenpad-is-vaporware-get-refunds-while-they-last/

Oh, and I forgot one more failure in that list. Wozad.com, the company that was going to generate $5 billion and kill google.

How many successive million dollar complete and utter "failures" does it take before a red light starts blinking with you ?
sr. member
Activity: 560
Merit: 250
btw looks like theswede is gone for bit long now, did labcoin fired him? since last post swede said that he was disappointed by sam/fabrizio.



Anyway back to the other thread where Sam responds lol

he actually skipped earlier questions posted and he asnwered E.sams post,  its like allowing the late questioner first to be  asnwered.

but meh, i think he will not reply to them, and i think he wont delete it, becuase he deleted so much and it will paint him dodger sooner or later.
\

Again this is "Sam" he is mentally not there 100%. End of the day if your going to invest invest when you see enough hashing power to say that they can't have bought 3rd party hardware, or when they posts pictures or someone visits their facilities.

Just know than that share price will be much higher as alot of the risk has been taken out. Right now this is a 50/50 gamble. You will either lose almost everything or make a nice profit.
sr. member
Activity: 560
Merit: 250
as a noob i learned alot, how labcoin conducted, i only stayed becuase i was attached to theseven, or i wouldnt have givin 2nd thought.

lol it turned out a complete shambles, theseven and howard very very late to respond, specially howard wouldnt open his mouth from his own will, it took shareholders to find him and make him spit out some words.

Yes before you hang me to death, I was the one who got Howard's contact info, and passed it on to auto to communicate with him as they were both on the west coast.

What you need to understand about Bitcoin this being a new industry there is no regulation hence it attracts the lowest form of human kind. Almost every person from this community is a scumbag, looking to screw and make the most money from any person they can.

Keep that in mind before you trust or invest in any company on here.
sr. member
Activity: 242
Merit: 250
btw looks like theswede is gone for bit long now, did labcoin fired him? since last post swede said that he was disappointed by sam/fabrizio.



Anyway back to the other thread where Sam responds lol

he actually skipped earlier questions posted and he asnwered E.sams post,  its like allowing the late questioner first to be  asnwered.

but meh, i think he will not reply to them, and i think he wont delete it, becuase he deleted so much and it will paint him dodger sooner or later.
legendary
Activity: 980
Merit: 1040
as a noob i learned alot, how labcoin conducted, i only stayed becuase i was attached to theseven, or i wouldnt have givin 2nd thought.

I never understood this reliance on theseven. I mean, he seems like a nice enough guy, and probably knows his stuff, but his stuff isnt designing asics.
By his own admission he never designed one, and he isnt at all confident in his own abilities to do it properly, if at all.

If theseven was the reason for investing in labcoin.. how does that even make sense?
sr. member
Activity: 560
Merit: 250
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:
-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?






Worst CEO, yes he is such a genius scammer. Because he did the following to prove he's genius scam abilities.

1. Auction style IPO raise 3-4X more.
2. Buy 3rd party hardware, which 2TH can easily be acquired in the 3 month period, since they already had 3 avalons anyway.
3. Put up 2TH ahead of schedule, watch price skyrocket, sell remaining shares, and
4. Disappear

That is a good scammer, not have an honest IPO, have zero hashing and miss deadlines, and stick around for a year lol.

Uhh Zenpad failed as a business, but you label it scam. I guess every business that truly fails is a scam.

Guys Palm the creator of the first smartphones is a scam because they went bankrupt and failed. Blackberry is a scam because they are bankrupt and about to fail. Excellent point puppet, the definition of scam can apply to you, as you make failure statements.
sr. member
Activity: 392
Merit: 250
If I were a scammer, this is how I would have done it:

After share price deteriorates to 20% of the IPO price I would secretly buyback most of the shares over a long period of time.  This way I would "legitimately" hold all the funds plus most of the dividends would go to me anyways, as I hold most of the public shares as well.  To keep the few investors happy who decided to hang on, I would divert 20% of the IPO funds to give them a 100% ROI.  Everybody (mostly me) would profit from the shareholders who sold below IPO, and nobody would be coming after me because my company looks completely legit with high paying dividends.

Sam/Fabrizio is a shitty scammer, and not very good at this.  He has taken the route of diverting IPO funds to a Just-dice account.  He's an idiot and he will get caught..  
sr. member
Activity: 242
Merit: 250
as a noob i learned alot, how labcoin conducted, i only stayed becuase i was attached to theseven, or i wouldnt have givin 2nd thought.

lol it turned out a complete shambles, theseven and howard very very late to respond, specially howard wouldnt open his mouth from his own will, it took shareholders to find him and make him spit out some words.
sr. member
Activity: 560
Merit: 250
btw looks like theswede is gone for bit long now, did labcoin fired him? since last post swede said that he was disappointed by sam/fabrizio.

no idea what happened to the swede he was fairly useless anyway, since he could never get a hold of sam lol. No I'm not concerned about the missed 20TH, as if you haven't figured out already Sam will miss every single deadline.

We have 3TH up and more coming, I'll be concerned in a month from now if we still don't have 20TH, or if new hash rate is not added weekly. Until then as long as hashrate is added every week everything is fine.

We have to understand that Sam sucks at communicating, but if he is actually considering leaving his regular job and doing this full time, it must mean things are starting to take shape and look good. Since this whole time he was still working, and the reason why someone doesn't leave is he doesn't think the prospects are that good.

The fact that he is considering leaving shows it is a very good sign.

Anyway back to the other thread where Sam responds lol
legendary
Activity: 980
Merit: 1040
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?



sr. member
Activity: 242
Merit: 250
btw looks like theswede is gone for bit long now, did labcoin fired him? since last post swede said that he was disappointed by sam/fabrizio.
sr. member
Activity: 242
Merit: 250
why does the hashrate drop on eligius and spike all the time? I don't mean the short term drops and spikes, im talking about the big ones that last a while.

https://bitcointalksearch.org/topic/m.3361908

Thanks didn't know there was a whole new thread lol, at least it's nice seeing the Labcoin name reply lol

i have feeling to say something to you johnyBigs.

before the whole mess, you was defending labcoin from the fudster and trolls, and i was a noob and with no account in the forum since that time, i liked you.

after labcoin turned out to be biggest troll/fud as in breaking too much promise aka lying, your color changed, and you turned against labcoin with big bold letters and red text "scam" etc,  i really panic-ed hard, knowing you as supporter before.

now you are becoming almost a supporter slowly, maybe you picked cheap shares?

i know who cares and so on, but as a noob i find you as two faced,  if i compare you with dhenson,he kept his foot strong, never seen him change color, i liked his post from ipo till today.

Honestly Bit,

I got so fed up with all the FUD, it was like fighting an uphill battle. Got pissed off at the morons who can't think logically and dump their shares at 60% losses, so I joined the FUD train pretty much out of anger to these idiots, if they are going to sell anyway I might as well speed up the process and double my shares, which I did.

I mentioned it before that I was just fudding for that very reason. Should I have done that I guess not, but again the people who sold out were clearly not normal.

I still support Labcoin clearly, or else I wouldn't have bought more shares, or I would of sold at .004's and .003's, I think Sam is completely incompetent, so that's why I make fun of him still lol.

Other than that I never supported Labcoin 100%, in the beginning I came on here asking serious concerns which I was lynched for, If people actually started investigating in the beginning like i tried but was just abused for it, there wouldn't be this much pain.

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.

fair enough, arent you concerned that he lied about the 20th that wont be missed?
sr. member
Activity: 560
Merit: 250
why does the hashrate drop on eligius and spike all the time? I don't mean the short term drops and spikes, im talking about the big ones that last a while.

https://bitcointalksearch.org/topic/m.3361908

Thanks didn't know there was a whole new thread lol, at least it's nice seeing the Labcoin name reply lol

i have feeling to say something to you johnyBigs.

before the whole mess, you was defending labcoin from the fudster and trolls, and i was a noob and with no account in the forum since that time, i liked you.

after labcoin turned out to be biggest troll/fud as in breaking too much promise aka lying, your color changed, and you turned against labcoin with big bold letters and red text "scam" etc,  i really panic-ed hard, knowing you as supporter before.

now you are becoming almost a supporter slowly, maybe you picked cheap shares?

i know who cares and so on, but as a noob i find you as two faced,  if i compare you with dhenson,he kept his foot strong, never seen him change color, i liked his post from ipo till today.

Honestly Bit,

I got so fed up with all the FUD, it was like fighting an uphill battle. Got pissed off at the morons who can't think logically and dump their shares at 60% losses, so I joined the FUD train pretty much out of anger to these idiots, if they are going to sell anyway I might as well speed up the process and double my shares, which I did.

I mentioned it before that I was just fudding for that very reason. Should I have done that I guess not, but again the people who sold out were clearly not normal.

I still support Labcoin clearly, or else I wouldn't have bought more shares, or I would of sold at .004's and .003's, I think Sam is completely incompetent, so that's why I make fun of him still lol.

Other than that I never supported Labcoin 100%, in the beginning I came on here asking serious concerns which I was lynched for, If people actually started investigating in the beginning like i tried but was just abused for it, there wouldn't be this much pain.

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.
sr. member
Activity: 242
Merit: 250
why does the hashrate drop on eligius and spike all the time? I don't mean the short term drops and spikes, im talking about the big ones that last a while.

https://bitcointalksearch.org/topic/m.3361908

Thanks didn't know there was a whole new thread lol, at least it's nice seeing the Labcoin name reply lol

i have feeling to say something to you johnyBigs.

before the whole mess, you was defending labcoin from the fudster and trolls, and i was a noob and with no account in the forum since that time, i liked you.

after labcoin turned out to be biggest troll/fud as in breaking too much promise aka lying, your color changed, and you turned against labcoin with big bold letters and red text "scam" etc,  i really panic-ed hard, knowing you as supporter before.

now you are becoming almost a supporter slowly, maybe you picked cheap shares?

i know who cares and so on, but as a noob i find you as two faced,  if i compare you with dhenson,he kept his foot strong, never seen him change color, i liked his post from ipo till today.
sr. member
Activity: 560
Merit: 250
Ohh Sam Coyotee, "Given the sheer amount  of false informations posted in the original IPO discussion we are forced to self moderate this thread and lock the original one."

Another missed deadline, if Sam was a scammer he's the worst one I have ever seen in history of man kind lol.
sr. member
Activity: 242
Merit: 250
Someone made this (i think Qwerty)  

Interview with labcoin shareholder


http://www.youtube.com/watch?v=JfAwihDHS_A


ROFL  Grin !!!!!!!!!!!!!!!!!!

my god, i lol-ed so hard, love it. it feels like real
sr. member
Activity: 560
Merit: 250
why does the hashrate drop on eligius and spike all the time? I don't mean the short term drops and spikes, im talking about the big ones that last a while.

https://bitcointalksearch.org/topic/m.3361908

Thanks didn't know there was a whole new thread lol, at least it's nice seeing the Labcoin name reply lol
sr. member
Activity: 242
Merit: 250
why does the hashrate drop on eligius and spike all the time? I don't mean the short term drops and spikes, im talking about the big ones that last a while.

not very sure, say yesterday it was steady at 3TH, next day it started go yoyo,  my thinking tells me overheating? automatic shutdown and reboot when it cools? and in cramped room with poor ventilation.

meh, i dont know if labcoin did there own software for asic, but how can they make a software, if never tapeout,  there was no mention the outsource team did the software.

labcoin is still 1 man team, and he aint programmer or electronic engineer. he said it himself in QA
sr. member
Activity: 393
Merit: 250
why does the hashrate drop on eligius and spike all the time? I don't mean the short term drops and spikes, im talking about the big ones that last a while.

https://bitcointalksearch.org/topic/m.3361908
sr. member
Activity: 560
Merit: 250
why does the hashrate drop on eligius and spike all the time? I don't mean the short term drops and spikes, im talking about the big ones that last a while.
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