[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 343.

Anotheranonlol

hero member

Activity: 588

Merit: 504

Quote from: Pale Phoenix on September 18, 2013, 04:47:30 PM

There's no "spinning" required. You have no idea what happened to the funds after they were withdrawn, and they were never slated to be spent on development of the 130chip as Labcoin has always maintained that they paid those costs to the IPO.

you are so sure that there is no way to track the funds..who says they have even been spent ?
slow guys such as yourself, will only write what labcoin has told you has happened
thankfully blockchain does not lie

Squirrel Dearing

sr. member

Activity: 766

Merit: 250

Quote from: NineLives on September 18, 2013, 04:49:55 PM

Hi guys,

I'm soo lost with all the crap on the posts with fighting..

Can someone in brief give us an update?

Ta

What I've been doing is a member search for Labcoin and checking their Latest Posts. Also check TheSwede75 and check his latest posts..

That'll give you all of the information without any speculation or FUD or arguments or whatever you want to call it.

Bitcycle

sr. member

Activity: 420

Merit: 250

Key info-

Labcoin will be in a pool today and there will no longer be any doubt whatsoever about their hashrate.

As clear a 'buy' signal as you're going to get, guys.

dhenson

legendary

Activity: 994

Merit: 1000

Quote from: NineLives on September 18, 2013, 04:49:55 PM

Hi guys,

I'm soo lost with all the crap on the posts with fighting..

Can someone in brief give us an update?

Ta

There is a growing number of forum members that are using the Labcoin 'updates' as triggers to initiate sell-offs where they have low bids waiting. They are spreading FUD and tricking people into selling their shares.

Labcoin is having un-explained technical issues that is causing them to be about 2 weeks behind. The general consensus is that they had to order new boards. (unsubstantiated)

They have been solo-mining and have not shown if they have yet mined a block. They also just stated that they will be (within the next 12 hours) mining solo in a private pool so that we as investors can monitor their hash rate live.

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: NineLives on September 18, 2013, 04:49:55 PM

Hi guys,

I'm soo lost with all the crap on the posts with fighting..

Can someone in brief give us an update?

Ta

Here you go:

https://bitcointalksearch.org/user/theswede75-90389

Pale Phoenix

sr. member

Activity: 420

Merit: 250

Quote from: TsuyokuNaritai on September 18, 2013, 04:48:50 PM

Well, I hope Wednesday lived up to everyone's expectations. Same time next week?

Price swings were too small to capture more than a few hundred dollars in profit so, no it didn't meet expectations.

Labcoin needs a dedicated thread for announcements because it takes too much time to keep up with things as it is now.

Stuartuk

sr. member

Activity: 266

Merit: 250

Quote from: kokojie on September 18, 2013, 04:46:25 PM

I'm sure he does, he was paid 950BTC directly from the IPO funds, how can he not know it's a scam.

?

Is that true? If so he's going down no question. Jesus.

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Quote from: NineLives on September 18, 2013, 04:49:55 PM

Hi guys,

I'm soo lost with all the crap on the posts with fighting..

Can someone in brief give us an update?

Ta

Another broken promise. Another missed deadline. Another share price crash. Another day at the office for Labcon.

KCBitcoin

full member

Activity: 224

Merit: 100

Quote from: twentyseventy on September 18, 2013, 04:50:49 PM

Quote from: NineLives on September 18, 2013, 04:49:55 PM

Hi guys,

I'm soo lost with all the crap on the posts with fighting..

Can someone in brief give us an update?

Ta

LC provided an empty address, Sam will be signing a message with it soon.

twentyseventy

legendary

Activity: 1386

Merit: 1000

Quote from: NineLives on September 18, 2013, 04:49:55 PM

Hi guys,

I'm soo lost with all the crap on the posts with fighting..

Can someone in brief give us an update?

Ta

LC provided an empty address, Sam will be signing a message with it soon.

Zakryze

sr. member

Activity: 308

Merit: 250

Quote from: hobbymd on September 18, 2013, 04:49:28 PM

Quote from: dhenson on September 18, 2013, 04:46:11 PM

Quote from: salviel on September 18, 2013, 04:40:47 PM

I don't understand you guys.

First you complain that solo mining isn't effective at such low TH rates, and then when Labcoin capitulates and states they will pool mine, you complain that then you can't be sure that they are mining or just depositing to the address.

Could everyone who isn't holding Labcoin shares please go the fuck away.

If you claim 'white knight indignance' and that you are here to 'protect investors', then take your shit up with Burnside.

This forum is so full of stupid it is making my router sick to it's kernel.

+1

Thank you. I've ignored so many people now, most pages have like 1 readable post. The problem isn't with Labcoin, it's with this thread and the idiots that manipulate the stock price.

+100

ignorance ftw. run around like a horse with blinders will get you far...

NineLives

sr. member

Activity: 252

Merit: 250

Hi guys,

I'm soo lost with all the crap on the posts with fighting..

Can someone in brief give us an update?

Ta

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Quote from: dhenson on September 18, 2013, 04:46:11 PM

Quote from: salviel on September 18, 2013, 04:40:47 PM

I don't understand you guys.

First you complain that solo mining isn't effective at such low TH rates, and then when Labcoin capitulates and states they will pool mine, you complain that then you can't be sure that they are mining or just depositing to the address.

Could everyone who isn't holding Labcoin shares please go the fuck away.

If you claim 'white knight indignance' and that you are here to 'protect investors', then take your shit up with Burnside.

This forum is so full of stupid it is making my router sick to it's kernel.

+1

Thank you. I've ignored so many people now, most pages have like 1 readable post. The problem isn't with Labcoin, it's with this thread and the idiots that manipulate the stock price.

When Labcoin surpasses AM in % of total network hash rate (for admittedly a brief period in October) they will have some other reason to complain.

Freidcat will have something to say about that.

hobbymd

sr. member

Activity: 259

Merit: 250

Quote from: dhenson on September 18, 2013, 04:46:11 PM

Quote from: salviel on September 18, 2013, 04:40:47 PM

I don't understand you guys.

First you complain that solo mining isn't effective at such low TH rates, and then when Labcoin capitulates and states they will pool mine, you complain that then you can't be sure that they are mining or just depositing to the address.

Could everyone who isn't holding Labcoin shares please go the fuck away.

If you claim 'white knight indignance' and that you are here to 'protect investors', then take your shit up with Burnside.

This forum is so full of stupid it is making my router sick to it's kernel.

+1

Thank you. I've ignored so many people now, most pages have like 1 readable post. The problem isn't with Labcoin, it's with this thread and the idiots that manipulate the stock price.

+100

TsuyokuNaritai

hero member

Activity: 574

Merit: 500

Well, I hope Wednesday lived up to everyone's expectations. Same time next week?

Pale Phoenix

sr. member

Activity: 420

Merit: 250

Quote from: ?? on ??

you tell me how else you want to spin it

He knows what is the description of this security- he knows labcoin have not locked the shares they promised, and he refuses to do it.. he knows the withdrawal address and can easily follow what happened to the funds to realise labcoin story is a lie. funds are not spent on 130nm chip.

but he is not doing it.. he is whistling and saying 'can't hear you', see no evil and all that, because it's a cash cow.

There's no "spinning" required. You have no idea what happened to the funds after they were withdrawn, and they were never slated to be spent on development of the 130chip as Labcoin has always maintained that they paid those costs prior to the IPO.

Edit: left out an important word

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: kingcrimson on September 18, 2013, 04:45:06 PM

Quote from: Stuartuk on September 18, 2013, 04:37:49 PM

Quote from: TheSwede75 on September 18, 2013, 04:33:37 PM

Pretty sure I do. Considering I simply report what the team relays to me as information, I would consider it perfectly within my right to think that thinly veiled personal threats are in bad taste.

Dude seriously you better have your bills sorted out because you will get a knock at the door from your local Fraud Squad as soon as the shit hits the fan and you wont see your family or friends for a very long time. Do you know how long a jail sentence you would get for conspiracy in a 5Million dollar fraud? You might even end up in a US prison (if you are in Sweden). Personally I'd rather be dead than spend 20years in a US prison.

The sad part is TheSwede doesn't even know it is a scam, but the courts won't buy it for a second.

I'm sure he does, he was paid 950BTC directly from the IPO funds, how can he not know it's a scam.

dhenson

legendary

Activity: 994

Merit: 1000

Quote from: salviel on September 18, 2013, 04:40:47 PM

I don't understand you guys.

First you complain that solo mining isn't effective at such low TH rates, and then when Labcoin capitulates and states they will pool mine, you complain that then you can't be sure that they are mining or just depositing to the address.

Could everyone who isn't holding Labcoin shares please go the fuck away.

If you claim 'white knight indignance' and that you are here to 'protect investors', then take your shit up with Burnside.

This forum is so full of stupid it is making my router sick to it's kernel.

+1

Thank you. I've ignored so many people now, most pages have like 1 readable post. The problem isn't with Labcoin, it's with this thread and the idiots that manipulate the stock price.

When Labcoin surpasses AM in % of total network hash rate (for admittedly a brief period in October) they will have some other reason to complain.

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: Luckybit on September 18, 2013, 04:38:04 PM

Quote from: kokojie on September 18, 2013, 04:31:51 PM

Quote from: dexX7 on September 18, 2013, 04:30:01 PM

Quote from: GIANNAT on September 18, 2013, 04:27:21 PM

Actually he said they are going to mine in a pool, so you can't see newly generated coins on that address.

I don't understand. Are they allegedly solo mining or pool mining?

This is fuzzy:

Quote from: TheSwede75 on September 18, 2013, 03:53:40 PM

... and users will be able to view the mined coins through pool and this address:

https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

I have asked Sam to sign the address so that it can be proven without a doubt that Labcoin is indeed the entity mining.

According to Sam the initial hash rate will be 'a few' TH and will be scaled up in the coming days as more miners come online.

TLDR; Pool mining is being integrated and will be running in the next few hours (less than 12). Address provided above will be used for mining and will be signed as proof. Initial mining will be 'a few' TH and scaled up in the coming days.

They claim they were supposedly solo mining with at least 2TH since 2 weeks ago, so we demanded a "mining address" to see all the newly generated block rewards. So after 2 weeks, finally they post an "address" that has zero bitcoins, now they conveniently switch to pool mining, which makes the "mining address" useless in terms of proof of mining. I bet they don't have a public stat page from the pool neither.

It's possible that they tried to mine and thought they were mining when they made their update and then ran into some issues. Let's be reasonable.

I'm very reasonable, pool mining? no problem, let's see a public stat page or json stats, which almost all pools provide. Actually 2TH will make them top miners on most pools except maybe btcguild, if I see "labcoin" as one of the top miners, I'd be totally fine with that.

kingcrimson

legendary

Activity: 1025

Merit: 1000

Quote from: Stuartuk on September 18, 2013, 04:37:49 PM

Quote from: TheSwede75 on September 18, 2013, 04:33:37 PM

Pretty sure I do. Considering I simply report what the team relays to me as information, I would consider it perfectly within my right to think that thinly veiled personal threats are in bad taste.

Dude seriously you better have your bills sorted out because you will get a knock at the door from your local Fraud Squad as soon as the shit hits the fan and you wont see your family or friends for a very long time. Do you know how long a jail sentence you would get for conspiracy in a 5Million dollar fraud? You might even end up in a US prison (if you are in Sweden). Personally I'd rather be dead than spend 20years in a US prison.

The sad part is TheSwede doesn't even know it is a scam, but the courts won't buy it for a second.

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 343. (Read 1079974 times)