Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 298. (Read 1079974 times)

Lol,  like I said - if they were doing that then they really are scammers who are screwing over their shareholders.

That's what makes it fun, though . 17 hours is enough for everyone in Europe and the US to see what's going on.

But at this point, it seems like if there was a problem that could be fixed quickly then they would have fixed it by now.  So any technical problems they're having, they're likely to continue having for a while. Longer then 17 hours anyway.

Maybe they've been hashing all along and are just saving their dividends on the pool instead of sending them to the address.

 

For whatever reason, if a company promised to give a public mining address for the investors to monitor the hashing rate, but there's almost nothing after 36 hours, do you think the investors deserve an official clarification? I don't believe there's any reason to defend them at this issue.

Someone may avoid saying anything bad when they still own the shares, but I don't think that is reasonable. I still hold quite a lot shares of labcoin, but I will not betray my feelings just because I am afraid of my word will make the share price to tank further. First, I don't think I have the ability to affect the market at all. Second, I don't think it is morally correct to mislead any newcomers either to buy or hold in this situation.

The only advise from me, if anyone will listen to me, is do not buy or sell at this moment.

The reason for not buying is simple. Even if the price shoots up to above 0.003 when there's consistent hashing rate, you can still expect a big reward since if labcoin really works, the share price is very likely to be close to 0.01. You don't need to take risk now unless you are a day trader gambling with comfortable amount.

But in the same time don't panic sell even if you don't trust this company now.  In my opinion, panic selling is never a good option. Very rarely, the stock price will drop like a stone, and you can always find a better chance to quit. Take every rebound as your chances to quit if you don't trust this company any more.

They expire in 17 hours.  If it was 3 days I might gamble.  But 17 hours seems like a real roll of the dice.

How much longer do you think the price will stay over 0.0015 if they don't get any hashing going? There are some put options available on btct.co, you could theoretically make money shorting this.

As I said, since boards only take 24 hours to have made - the only explanation I can think of at this point is that their chips don't work. And if the chips don't work, we won't see any mining at all for a few more weeks at the earliest, while we wait for new ones to be manufactured. (And of course, that would explain why they asked people to wait until the end of October, for their 65nm chips to finish)

I think this is the most epic one among all.

Those are just stored on blockchain.info, not in the actual blockchain, apparently.

Actually it's "just" on blockchain.info, not the blockchain itself, for what it's worth.

And I'm starting to wonder if people really care about the hashrate after all... if the keyword is trust, it may last for months with price swings between 0.0015 and 0.003 until we finally see regular dividends, and hence can "calibrate" the stock price on 25-30% APR.

Maybe they'll start hashing in the next hour. Maybe they won't have anything until 10/30.  Maybe they have been hashing steadily for a week and are keeping the money to themselves.

It's not a question hand holding, it's a question not making promises and then failing to live up to them. I think they probably believed they were on the cusp of succeeding all the prior times they made announcements.  But each time they fell short.

Just look at BFL.  They kept making announcement after announcement saying they were close to succeeding. It never happened.  Labcoin has shown the same pattern.  Although the timeframe is much shorter, so is the window of profitability.  

If labcoin is up and hashing in six months, well, who gives a shit? None of you are going to make money then.  They need to fix everything a really short period of time to justify the current share price.  They fail to do that, investors are not going to earn back their money.

Am I the only one who is amused by the fact that some FUDiot is permanently marking their bad judgment on the Blockchain? And what will said fudster think 5 months from now when Labcoin is making it's investors rich?

Also: Whoever you are, thanks for the extra dividends.

Well it's back to 0.002+...

I think there is one thing everyone agrees on: they should post updates here more often. As mentioned in my previous posts, I would love to return to the boat, if only I knew the guys in command really know what they're doing.

No updates => buying/selling is like gambling.

Yes, your claim would be valid if labcoin had never made those broken promises. For example, if they did not publish a signed mining address, which only got regular transactions from their haters, the price could be still above 0.002.

One of the responsibility of investors is to watch out how the company they invested behave, because they own your money. Could you please tell me why you are still satisfied with their behavior up till now?

Plus, let's think about this from a technical perspective.  You can have PCBs made within 24 hours. If their only problem was something having to do with the PCBs, then it should only have taken 24 hours to have fixed.

If it was just a software problem, they really should have been able to fix it much, much sooner.

So that means, from a technical perspective:

1) They're having problems with their chips.  Which means no hashing for a while, while the share price continues to drop.

2) They're having problems with their boards, and weren't able to get them fixed in 24 hours. Which means they're incompetent, or something.

3) They were having software problems, which they also haven't fixed, which would again imply some kind of total incompetence.

4) They are hashing, but are mining on a totally different address. In which case, they are also completely fucking their shareholders by having the price tank for some reason.  So #4 is actually the worst possibility at this point.  If what they were saying about the boards actually hashing and working somewhat stably, then they're actually stealing from their shareholders at this point.

If they really are mining to another address, and letting the price tank then they're just scumbags who no one should trust with their money.

So yeah, just from a technical perspective (as opposed to a trust/credibility perspective) I think it's pretty unlikely we'll see any hashing any time soon.

All you guys are doing is spooking the day traders and short term flippers.

The loudest people here are the ones that never held any shares, or bought some and panic sold them.

80% of the public shares have not changed hands since the IPO. A few setbacks will not have any major impact in the long run.

Yes Labcoin could spend more time on the forums and provide more information, but I would rather them concentrating at ironing out the issues at hand. And what is the point when day traders and short term flippers will analyse and twist anything Labcoin says, to create FUD, so they can to improve their position.

Vast majority of shareholders don't need hand holding!!!

yawn you're not getting tired of it either. there are still some people who want to keep bitcoin a safe haven of investments you fool.
any word is wasted on you and johny though. you're unable to share our view anyways. you can't be convinced.  

I guess so, but it will not affect the approval. PETA-MINE is an example.

It's not a question of being a "definite scam" it's a question of whether their chips work and whether or not they're competent and honest. So far, they are showing themselves not to be. These guys made promise after promise, which temporarily boosted the share price, and each time failed to deliver, resulting in further price collapse.

I might consider buying back in if they ever show any actual proof of hashing. But why hold shares now?  If they do show proof a this point, people might not even buy that it's legit, and they didn't just pay someone to point their miners at their address for a few days.

They need to show a consistent pattern of payments to their address for their shares to have any value at this point.

The longer they go without showing any hashing, the lower their share price is going to get, and the less their prices will spike? Why would you want to ride that out, and lose even more money.   Anyone who still holds shares could have sold 48h ago for 75% more.

Even if you think this company will work things out eventually, why hold shares that you know are going to decline in value?  Just sell now and buy back later when they have something to sell?

Unless you're just holding a small amount you're willing to roll the dice with.

Sounds like a broken record in here.. everyone keeps saying the exact same thing over and over, and bringing up the same old quotes from labcoin/swede.  FUD attempts are pointless now, and pumping attempts are pointless.  Everybody has already made a decision as to whether or not Labcoin is a scam, so nobody is going to be successful in changing anyone else's decision.

Yes, they can change it at any time.