what did I miss?
i bought back in! 1 share.... TO THE MOON!Edit: the swede is on holiday in china too obviously.
Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 288. (Read 1079974 times)
September 20, 2013, 10:15:57 AM
Edit: the swede is on holiday in china too obviously.
September 20, 2013, 10:15:48 AM
So to recap what we know:
1) They do have some chips (as seen in pictures) however we don't know what those chips are and what they do
2) They do have some boards (as seen in pictures) however we don't know what they are and what they do
3) We do know they have been working on chips (because TheSeven confirmed). Most likely 130nm but for sure 65nm but it doesn't mean they are the ones in the pictures.
4) We think they have mined some coins (because that address TheSwede provided received coins that we know came from 2 different pools) but it suddenly stopped and we don't know why.
5) Besides the above, all we have are words from Labcoin promising that they have chips and boards and are hashing but having stability issues.
Does this summarize the facts?
1) They do have some chips (as seen in pictures) however we don't know what those chips are and what they do
2) They do have some boards (as seen in pictures) however we don't know what they are and what they do
3) We do know they have been working on chips (because TheSeven confirmed). Most likely 130nm but for sure 65nm but it doesn't mean they are the ones in the pictures.
4) We think they have mined some coins (because that address TheSwede provided received coins that we know came from 2 different pools) but it suddenly stopped and we don't know why.
5) Besides the above, all we have are words from Labcoin promising that they have chips and boards and are hashing but having stability issues.
Does this summarize the facts?
Yeah. And their hashrate is about 240Gh/s, which is about 3 avalons.
Also it's a public holiday in China and the Labcoin engineers are going to be off work until Sunday (so Saturday night in the US)
Ok so if we accept those are the facts, on the possible scenarios of what is really happening, this is how I see things:
1) It's a scam, they don't even have chips, never intended to have and just bought some Avalons: 1% chance
2) They have chips and are mining but for their own profit: 5% chance
3) They have some working sample chips (10 or so), but are having production/delivery issues with the remaining chips: 30% chance
4) They have chips and are having technical issues: 50% chance
5) They have chips but there is some catastrophic flaw with them that can never be solved: 10%
Very likely but not necessarily! Easy to come up with a plausible scenario to explain this mess... there are hundreds of possibilities the only people that know for sure are Sam and their team. For example:
Imagine you are Sam. You wait 6 months for the day chips and boards arrive. You can't sleep for the last week. You really want to tell everyone you hit the nail in the head, 15/September is the deadline you set yourself 6 months ago.
The chips and boards arrive on the 14th. You team starts assembling them. Everyone spends the whole night trying to get it to work... suddenly: It's working!
You send a message to everyone saying "We are hashing with 2TH/s".
10 minutes later: board stops working.
Engineers get to it... make it work again.... but after 15 minutes stops working.
You speak with the lead engineer: he says he thinks he knows what the issue is and can get it fixed in 24 hours.
But 24 hours later.... still not working. Engineer asks for another 48 hours...
48 hours later... it's better. So you keep your promise... but after 12 hours working the board stops again and now the whole thing is fried, won't even turn back on.
Add to this some delivery/production issues (so you don't even have some spare chips yet to replace that) - the factory promised chips "in about 2 days" and have been delaying for a week already...
Great， almost think you are 'labcoin' himself if you don't have such a high activity
Yes, exactly what I think. This is the only explanation if bitcoin is not a liar, and it's already the best scenario. So now in the best scenario, no hashing until November.
September 20, 2013, 10:14:32 AM
what did I miss?
September 20, 2013, 10:13:25 AM
ok i bought 1 share. may i be concerned about this security now?
September 20, 2013, 10:08:35 AM
Disclosure: It is late Friday night here and I've just had a few cold beverages while watching a comedy show.
In saying that, this just as fucken comical. The average IQ of people participating in this thread is bloody scary.
A bunch of FUDsters scaring everyone and a bunch of people acting hysterical and running around like a bunch of girls panicking with their arms up.
I don't even know why I read this thread any more, and I am ashamed to admit that I've read every single post in this thread, the speculation thread and the original Labcoin thread way before the IPO. This thread has amounted to hundred's of pages of crap with people consistently repeating themselves adding very little value to the general discussion. Why?!
There are so many concerned people on this thread that apparently have no interest in Labcoin, and yet they are spending hours on hours advising others not to invest because it is a scam.
It might of interest to some of you that a majority of "whales" do not even bother reading this thread and I now understand why.
State your point and fucken move on!!!
A vast majority of public shareholders (around 80%) have not traded their shares since the IPO, and the day traders and the shareholders who have invested in competing securities are causing most of the havoc and making the loudest noise.
It is pretty straight forward:
- Do your risk assessment and invest accordingly.
- Do not invest what you can't afford to lose.
- If you are not invested, stay the fuck out.
Plain and simple!
In saying that, this just as fucken comical. The average IQ of people participating in this thread is bloody scary.
A bunch of FUDsters scaring everyone and a bunch of people acting hysterical and running around like a bunch of girls panicking with their arms up.
I don't even know why I read this thread any more, and I am ashamed to admit that I've read every single post in this thread, the speculation thread and the original Labcoin thread way before the IPO. This thread has amounted to hundred's of pages of crap with people consistently repeating themselves adding very little value to the general discussion. Why?!
There are so many concerned people on this thread that apparently have no interest in Labcoin, and yet they are spending hours on hours advising others not to invest because it is a scam.
It might of interest to some of you that a majority of "whales" do not even bother reading this thread and I now understand why.
State your point and fucken move on!!!
A vast majority of public shareholders (around 80%) have not traded their shares since the IPO, and the day traders and the shareholders who have invested in competing securities are causing most of the havoc and making the loudest noise.
It is pretty straight forward:
- Do your risk assessment and invest accordingly.
- Do not invest what you can't afford to lose.
- If you are not invested, stay the fuck out.
Plain and simple!
September 20, 2013, 10:08:15 AM
Just one update of substance from Labcoin and it's back on. 
You are in a "hope" mode. Don't forget to listen to the market sometimes.
My bad. Any idea where to invest now ?
I'm seriously considering PETA. It can't be worse than this... Plus they will be hashing next week I think ?
I need to read up on what's going on with them
Please, pm me if you find something reliable.
September 20, 2013, 10:07:33 AM
Well, if anything will get Labcoin to talk, being back at ipo price ought to do it.
September 20, 2013, 10:06:49 AM
Just one update of substance from Labcoin and it's back on.
You are in a "hope" mode. Don't forget to listen to the market sometimes.
My bad. Any idea where to invest now ?
I'm seriously considering PETA. It can't be worse than this... Plus they will be hashing next week I think ?
I need to read up on what's going on with them
September 20, 2013, 09:51:11 AM
BTW, Angel, I can't see that in Burnside's post history. Can you post the post# where he said this? It seems he may have deleted it.
It was a pm between me and burnside. Just ask him if you need a confirmation.
September 20, 2013, 09:50:35 AM
BTW, Angel, I can't see that in Burnside's post history. Can you post the post# where he said this? It seems he may have deleted it.
September 20, 2013, 09:48:46 AM
Didnt burnside put the warning there because we are all flying of the handle here?
If thats not the case.. why did he put the warning?
If thats not the case.. why did he put the warning?
Burnside pm'd theswede about the locked shares and he hasn't responded back.
September 20, 2013, 09:46:43 AM
IPO, is it me you're looking for?
I can see it in your eyes, I can see it in your smile.
You're all I've ever wanted, and my arms are open wide.
'Cause you know just what to say and you know just what to do and I want to tell you so much...
I love you!
I can see it in your eyes, I can see it in your smile.
You're all I've ever wanted, and my arms are open wide.
'Cause you know just what to say and you know just what to do and I want to tell you so much...
I love you!
September 20, 2013, 09:44:15 AM
Now ActM is on the tank.
Not a big surprise with their communist new thread.
September 20, 2013, 09:43:50 AM
Who is this asshole doubling-up on every Ask? I can't stand that.
September 20, 2013, 09:42:49 AM
Now ActM is on the tank.
Not a big surprise with their communist new thread.
September 20, 2013, 09:40:41 AM
Didnt burnside put the warning there because we are all flying of the handle here?
If thats not the case.. why did he put the warning?
If thats not the case.. why did he put the warning?
Here is your answer:
Can you please tell to the labcoin forum if yes or no labcoin main account moved shares these last days ?
This would be a big issue.
Thanks,
Cheers.
This would be a big issue.
Thanks,
Cheers.
I've sent TheSwede75 a new request for an accounting of where the 3,000,000 held shares are. I can see that most of them are held in a single account, but as stated before, not all of them.
Cheers.
STILL NO ANSWER ??
No, he didn't answer. I've posted a warning on the asset.
Cheers.
So, can you tell me why he does not want to reply to burnside ?
September 20, 2013, 09:39:50 AM
Now ActM is on the tank.
September 20, 2013, 09:39:18 AM
Didnt burnside put the warning there because we are all flying of the handle here?
If thats not the case.. why did he put the warning?
If thats not the case.. why did he put the warning?
September 20, 2013, 09:38:06 AM
Yup I'm already on the bASIC-mining boat since the IPO 
Oh awesome possum! I like bASIC, one of the best managed shares I've found on BTCT. Change of topic here: What are the chances that Labcoin will actually send out dividends for the amount they've received so far to their address?
Probably not very likely, lol.
September 20, 2013, 09:37:48 AM
When the exchange puts a warning about the operator - that's enough for me. You guys can have it. Ah hell this sucks.
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