it's a blessing to believe in law and law enforcement. If everyone does that, we will see much less crime.
That said, there's a much more likely answer to current situation than scam. The chips do not work well, at least not stable enough. If it is just board issue or software issue, it will be fixed already, considering 2 weeks have past. Moreover, board/software issue is a small issue, so they can admit it easily. Only the chip failure makes them reluctant to let us know. They just tried everything they could to buy sometime for them to fix, if it is fixable. just wish they have not spent a lot in ordering large number of unstable chips already. Chips may work initially and passed their tests before they realized they do not work stably.
Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 306. (Read 1079974 times)
September 19, 2013, 09:08:48 PM
September 19, 2013, 08:57:40 PM
So many ActM trolls!!!!!
I guess they just don't know what to do with themselves now when the ActM share price is below the IPO and their original thread is locked. Even their "Board of Advisors" have unanimously resigned!
I guess it will only get worse for the ActM shareholders, considering that on BTCT there is only BTC71.4 on the bids side all the way down to 0.00000003.
On top of that, there is nothing to look forward to until the second half of November, and that is if no technical issues are experienced, which is highly unlikely in the BTC mining world.
At least they are designing ground breaking technology where you can mine with the Solid State HDD's
If you want to clean up the thread, please ignore, and don't reply to, the following people that "dhenson" has compiled for us:
Anotheranonlol
iCEBREAKER
kokojie
pankkake
velacreations
drawingthesun
wickedgoodtrader
physalis
aquarius
Vigil
camu6
limbaugh
well.attenuated
AngelSky
eve
crumbs
TECHICENINE
Stuartuk
zumzero
Zakryze
I guess they just don't know what to do with themselves now when the ActM share price is below the IPO and their original thread is locked. Even their "Board of Advisors" have unanimously resigned!
I guess it will only get worse for the ActM shareholders, considering that on BTCT there is only BTC71.4 on the bids side all the way down to 0.00000003.
On top of that, there is nothing to look forward to until the second half of November, and that is if no technical issues are experienced, which is highly unlikely in the BTC mining world.
At least they are designing ground breaking technology where you can mine with the Solid State HDD's
It seems ActiveMining's business also include photoshopping SSD devices through its wholly owned subsidiary Virtual Mining Corporation (VMC).
If you want to clean up the thread, please ignore, and don't reply to, the following people that "dhenson" has compiled for us:
Anotheranonlol
iCEBREAKER
kokojie
pankkake
velacreations
drawingthesun
wickedgoodtrader
physalis
aquarius
Vigil
camu6
limbaugh
well.attenuated
AngelSky
eve
crumbs
TECHICENINE
Stuartuk
zumzero
Zakryze
September 19, 2013, 08:55:32 PM
Nobody knows who they are? That clearly isn't true. It's also not true that Bitcoin is easily washed. It's also not true that law enforcement doesn't get involved. Anyway I'm not debating this anymore, I see now it's a complete waste of time and people talking don't even know technical details or the law.
oh bitcoins cant be coldstored and maybe hidden? i know your imagination is limited but i didnt know you had such a small horizon. Who knows who they are then? did you hear of the case of fritzl? many people like these can go under the radar for ages. its only when we find out our minds are blown away and maybe this will be the case with labcoin and your mind too.
This is my last post here until we have real evidence of labcoins actual agenda and "realness" in case i wont be addressed directly. Sorry that i bothered you with my concerns. You seem to know what you do. Njoy
September 19, 2013, 08:50:18 PM
They are all going to be millionaires if they get these chips to hash and if they don't then that is business. Most startups go bankrupt.
LOLThey're already millionaires. They already took your BTC. They don't need to do shit. They can string you along as long as they like and still sell their remaining shares at 2x IPO because there are plenty of believers out there ready to hold the bags.
That is not true. They do have to mine and deliver dividends. If they do not even attempt to do that then what good are all those Bitcoins if they can't spend it?
What do you think they'll do? Start buying pizzas and cars with their corporate funding? That is clearly illegal.
They are obligated as a corporation to make chips and mine with them. If they don't then they'll go out of business, all their Bitcoins will be confiscated, etc.
They have the chance to be millionaires if they simply play by the rules and do what their corporation was set up to do when they asked for funding. If they don't do this the community knows where their coins are, everything is transparent.
Wow your obviously in the dark about how a bitcoin stock works. THERE IS NO REGULATION. Didn't you read the waiver in order to invest? You had to admit to investing in fake made up companies.
"BTC-TC is not a real-world stock exchange and does not offer opportunity for direct real-world investment or profit. While we fully expect listed virtual companies to follow through with their virtual business plans, please KEEP IN MIND AT ALL TIMES -- shares purchased on this stock exchange simulation do not entitle you to legal real-world rights to a listed virtual company as you would expect from a real company."
You can't confiscate bitcoins from these guys. This company is run by people hiding behind a computer. Nobody knows who they are. BTC are easily washed too so it makes it extremely difficult to track them. Trust me, nobody can get those btc back.
Nobody knows who they are? That clearly isn't true. It's also not true that Bitcoin is easily washed. It's also not true that law enforcement doesn't get involved. Anyway I'm not debating this anymore, I see now it's a complete waste of time and people talking don't even know technical details or the law.
September 19, 2013, 08:46:55 PM
The longer they remain silent, the lower this is going to go.
Entirely predictable.
September 19, 2013, 08:44:00 PM
ok sherlock, how much information do we have on these guys? who will trace their steps and can actually do so? the nsa maybe but will they fly to uganda to get him or them? what if they just borrow time like with their announcements which were obviously lies? Both sides of this argument are imaginations. I just think yours are wilder than mine. It's not so hard to hide from persecution in china for example.
We are talking about almost a million dollars here and tens of thousands of people. If just one of them works for a powerful government then where are they supposed to hide? People in the Chinese government could be investors, you never know. but it's ok if you dont want to think out of the box. Just leave my concerns to me and we will see where this will end. I dont have to run from anything or ignore someone because i can even accept if if my theories or imaginations are blunders.
There are likely scenarios but some of the scenarios you are presenting are just not likely. I don't think it's impossible, but it isn't very smart for people who are all college educated. They are going to give up all their dreams and all their futures to try to scam? The economy is bad, but that is just stupid. They could have just set up an ordinary mining company and purchased HashFast like other companies are doing. They would have made plenty of money.Obvious scam would get them arrested earlier if you ask me. Of course the longer they proceed this the higher is the chance of them making a mistake that will reveal their identity but who knows who we actually deal with right now?
Can we just stop making this a personal fight?
Why do you assume their identites are secret just because you don't know?Can we just stop making this a personal fight?
You think out of thousands of people not one of them has the skills and resources to find out?
You watch too many movies.
It's easy to burn bridges for enough cash. The 3 avalons mentioned above were sent somewhere and that's one trace that might lead to something but who in here will actually investigate?
What does a government care about some shareholders? As someone else mentioned just lately this is pretty much unregulated and don't you think govs have something else on their agenda? just because america is persecuting people like pirateat doesnt mean every government does.
This argument leads to nothing as i mentioned often enough now. What is likely or not doesnt count in most scamcases believe me. I never said scamming was smart. I believe in karma and i never said you are wrong but we must keep all those concerns in mind and none of them are better or worse than the others.
I'm giving you this general answer because we are already spinning in circles. I dont want to discredit you or anything.
PS: would the real powerful government people please stand up?
September 19, 2013, 08:41:59 PM
ok sherlock, how much information do we have on these guys? who will trace their steps and can actually do so? the nsa maybe but will they fly to uganda to get him or them? what if they just borrow time like with their announcements which were obviously lies? Both sides of this argument are imaginations. I just think yours are wilder than mine. It's not so hard to hide from persecution in china for example.
We are talking about almost a million dollars here and tens of thousands of people. If just one of them works for a powerful government then where are they supposed to hide? People in the Chinese government could be investors, you never know. but it's ok if you dont want to think out of the box. Just leave my concerns to me and we will see where this will end. I dont have to run from anything or ignore someone because i can even accept if if my theories or imaginations are blunders.
There are likely scenarios but some of the scenarios you are presenting are just not likely. I don't think it's impossible, but it isn't very smart for people who are all college educated. They are going to give up all their dreams and all their futures to try to scam? The economy is bad, but that is just stupid. They could have just set up an ordinary mining company and purchased HashFast like other companies are doing. They would have made plenty of money.Obvious scam would get them arrested earlier if you ask me. Of course the longer they proceed this the higher is the chance of them making a mistake that will reveal their identity but who knows who we actually deal with right now?
Can we just stop making this a personal fight?
Why do you assume their identites are secret just because you don't know?Can we just stop making this a personal fight?
You think out of thousands of people not one of them has the skills and resources to find out?
You watch too many movies.
yes. You are right. But It's not the time to use these resources to do such dirty things. Give them more time to handle issues or just run out of china.
September 19, 2013, 08:34:19 PM
See the poster above. actually you cant but where does this question lead to? it just proves that you cant tell for sam noi and swede either. So much about my stupidity. Also you can see that some of your beloved fudsters post at the same time as me and i'm not shiva or good at multitasking.
You may not be Shiva but I am. My six hands are touching all kinds of things right now. September 19, 2013, 08:33:04 PM
ok sherlock, how much information do we have on these guys? who will trace their steps and can actually do so? the nsa maybe but will they fly to uganda to get him or them? what if they just borrow time like with their announcements which were obviously lies? Both sides of this argument are imaginations. I just think yours are wilder than mine. It's not so hard to hide from persecution in china for example.
We are talking about almost a million dollars here and tens of thousands of people. If just one of them works for a powerful government then where are they supposed to hide? People in the Chinese government could be investors, you never know. but it's ok if you dont want to think out of the box. Just leave my concerns to me and we will see where this will end. I dont have to run from anything or ignore someone because i can even accept if if my theories or imaginations are blunders.
There are likely scenarios but some of the scenarios you are presenting are just not likely. I don't think it's impossible, but it isn't very smart for people who are all college educated. They are going to give up all their dreams and all their futures to try to scam? The economy is bad, but that is just stupid. They could have just set up an ordinary mining company and purchased HashFast like other companies are doing. They would have made plenty of money.Obvious scam would get them arrested earlier if you ask me. Of course the longer they proceed this the higher is the chance of them making a mistake that will reveal their identity but who knows who we actually deal with right now?
Can we just stop making this a personal fight?
Why do you assume their identites are secret just because you don't know?Can we just stop making this a personal fight?
You think out of thousands of people not one of them has the skills and resources to find out?
You watch too many movies.
September 19, 2013, 08:28:33 PM
have they posted anything at all today?
jeez - someone needs to locate this sam noi, now
jeez - someone needs to locate this sam noi, now
who says that theswede and sam noi are 2 seperate persons irl??
850k + 15% of the unlocked shares sold(maybe with buybacks and multiple selloffs) should add up to a million if they did it right btw.
With the thin oderbook the shareprice might explode pretty soon again when they post unreliable info and buy back again anyways. this is not transparent enough if you ask me. call this FUD i dont care.
Okay you're just being stupid. They are 2 separate persons. You're trolling on purpose now.
What if they are actual reptillians or members of the illuminati?
stop judging me because of your wishful thinking smartass....
How can I tell that all you FUDsters aren't the same person on virtual machines and VPNs?
See the poster above. actually you cant but where does this question lead to? it just proves that you cant tell for sam noi and swede either. So much about my stupidity. Also you can see that some of your beloved fudsters post at the same time as me and i'm not shiva or good at multitasking.
September 19, 2013, 08:28:28 PM
They are all going to be millionaires if they get these chips to hash and if they don't then that is business. Most startups go bankrupt.
LOLThey're already millionaires. They already took your BTC. They don't need to do shit. They can string you along as long as they like and still sell their remaining shares at 2x IPO because there are plenty of believers out there ready to hold the bags.
That is not true. They do have to mine and deliver dividends. If they do not even attempt to do that then what good are all those Bitcoins if they can't spend it?
What do you think they'll do? Start buying pizzas and cars with their corporate funding? That is clearly illegal.
They are obligated as a corporation to make chips and mine with them. If they don't then they'll go out of business, all their Bitcoins will be confiscated, etc.
They have the chance to be millionaires if they simply play by the rules and do what their corporation was set up to do when they asked for funding. If they don't do this the community knows where their coins are, everything is transparent.
Wow your obviously in the dark about how a bitcoin stock works. THERE IS NO REGULATION. Didn't you read the waiver in order to invest? You had to admit to investing in fake made up companies.
"BTC-TC is not a real-world stock exchange and does not offer opportunity for direct real-world investment or profit. While we fully expect listed virtual companies to follow through with their virtual business plans, please KEEP IN MIND AT ALL TIMES -- shares purchased on this stock exchange simulation do not entitle you to legal real-world rights to a listed virtual company as you would expect from a real company."
You can't confiscate bitcoins from these guys. This company is run by people hiding behind a computer. Nobody knows who they are. BTC are easily washed too so it makes it extremely difficult to track them. Trust me, nobody can get those btc back.
September 19, 2013, 08:26:55 PM
They've probably adjusted their payout. Watch 5 BTC plop in there and the price shoot up to just below .003 within the next 5 hrs.
September 19, 2013, 08:26:52 PM
Labcoin... Illuminati reptilians... I totally get it now. This is a plot to grow reptilian/human offspring in an underground lab and we have been crowd-sourcing this project with Bitcoin. My god, what have we done? Of course they want to use Bitcoin as the funds can't easily be traced to the members.
You really believe Bitcoins are untraceable?
September 19, 2013, 08:25:54 PM
have they posted anything at all today?
jeez - someone needs to locate this sam noi, now
jeez - someone needs to locate this sam noi, now
who says that theswede and sam noi are 2 seperate persons irl??
850k + 15% of the unlocked shares sold(maybe with buybacks and multiple selloffs) should add up to a million if they did it right btw.
With the thin oderbook the shareprice might explode pretty soon again when they post unreliable info and buy back again anyways. this is not transparent enough if you ask me. call this FUD i dont care.
Okay you're just being stupid. They are 2 separate persons. You're trolling on purpose now.
What if they are actual reptillians or members of the illuminati?
stop judging me because of your wishful thinking smartass....
How can I tell that all you FUDsters aren't the same person on virtual machines and VPNs?
September 19, 2013, 08:22:38 PM
For a moment I thought this was turning to a better thing, but boy is this falling on its ass...
I mean everyone would be much happier if they were honest with what is happening even if it would be facing the truth that hashing will be delayed for what ever reason. But the way they are handling this and straight up lying about stuff is just ridiculous by this point.
I mean everyone would be much happier if they were honest with what is happening even if it would be facing the truth that hashing will be delayed for what ever reason. But the way they are handling this and straight up lying about stuff is just ridiculous by this point.
September 19, 2013, 08:17:17 PM
Labcoin... Illuminati reptilians... I totally get it now. This is a plot to grow reptilian/human offspring in an underground lab and we have been crowd-sourcing this project with Bitcoin. My god, what have we done? Of course they want to use Bitcoin as the funds can't easily be traced to the members.
can we be constructive now?
September 19, 2013, 08:15:04 PM
They are all going to be millionaires if they get these chips to hash and if they don't then that is business. Most startups go bankrupt.
LOLThey're already millionaires. They already took your BTC. They don't need to do shit. They can string you along as long as they like and still sell their remaining shares at 2x IPO because there are plenty of believers out there ready to hold the bags.
They sold 7 mil shares at .001 for 7000 btc. That is worth roughly 850k. Even if it's just 1 guy he's not a millionaire. If it's a couple/few guys they are looking at couple hundred grand each. It is most definitely in their best interest to drag people along and carry out the scam because their is a lot of money to be made selling off the 3 million shares they gave themselves (which they haven't locked). Why would you just run with less then a mil when you can scam more and make some real dough?
So anybody using the argument of this can't be a scam because they would have just taken off with the money doesn't make any sense.
They are literally a deployment away from being millionaires and not having to worry about being tracked down and arrested for crimes. I don't understand why people here think everyone is criminally stupid when that would put more risk on the criminal than anyone else in this situation.
I think they might be foolish, but you have to be special retarded to try to scam thousands of people out of millions of dollars on a blockchain where everyone can see everything you try to do with it. It's just not possible for them to get away with a scam but it is possible for them to get rich being a business.
They are all going to be millionaires if they get these chips to hash and if they don't then that is business. Most startups go bankrupt.
LOLThey're already millionaires. They already took your BTC. They don't need to do shit. They can string you along as long as they like and still sell their remaining shares at 2x IPO because there are plenty of believers out there ready to hold the bags.
That is not true. They do have to mine and deliver dividends. If they do not even attempt to do that then what good are all those Bitcoins if they can't spend it?
What do you think they'll do? Start buying pizzas and cars with their corporate funding? That is clearly illegal.
They are obligated as a corporation to make chips and mine with them. If they don't then they'll go out of business, all their Bitcoins will be confiscated, etc.
maybe they bought all those shares sold to jump on board of the labcoin high risk but even higher profit illusions train? And when you finally realize this ship is going down they sell you those shares back at a profit again. they are like the south park underwearimps. xD
I don't know whether to take these sorts of posts seriously or not. First people saying they'll try to run off with $850,000 dollars split into $200,000 or so each when it's on the blockchain and everyone would know if they spend, cash out or do anything with it.
And honestly, what do you think they'll do here? Have a few good months with $200,000 acting rich then get caught or have the rest of their life living in mansions?
ok sherlock, how much information do we have on these guys? who will trace their steps and can actually do so? the nsa maybe but will they fly to uganda to get him or them? what if they just borrow time like with their announcements which were obviously lies? Both sides of this argument are imaginations. I just think yours are wilder than mine. It's not so hard to hide from persecution in china for example. but it's ok if you dont want to think out of the box. Just leave my concerns to me and we will see where this will end. I dont have to run from anything or ignore someone because i can even accept if if my theories or imaginations are blunders.
Obvious scam would get them arrested earlier if you ask me. Of course the longer they proceed this the higher is the chance of them making a mistake that will reveal their identity but who knows who we actually deal with right now?
Can we just stop making this a personal fight?
September 19, 2013, 08:14:50 PM
Labcoin... Illuminati reptilians... I totally get it now. This is a plot to grow reptilian/human offspring in an underground lab and we have been crowd-sourcing this project with Bitcoin. My god, what have we done? Of course they want to use Bitcoin as the funds can't easily be traced to the members.
September 19, 2013, 08:12:12 PM
One thing bothers me a lot is that why labcoin keeps giving promises they could not keep. It looks really unprofessional and stupid. Even scammers will not do that.
September 19, 2013, 08:09:55 PM
7000 BTC is quite a prize. there is potentially coming a day when 7000 BTC will make you a multibillionaire. There is no sense in saying "Its only $850K". That is now, perhaps they are looking at tomorrow.
Jump to: