[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 379.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: FloatesMcgoates on September 17, 2013, 05:33:51 PM

My bet is that labcoin probably isnt a scam, it is just terribly behind schedule with no actual mining power yet. Hence the lack of mining address + lack of dividends. Labcoin prematurely announced that it had 2TH and now they are just too afraid to walk back this statement, so instead they let it simmer there and are left exposed to being accused of being a scam when in reality they are just horrible at PR and severely overestimated their engineering skill at the same time.

+9001

FloatesMcgoates

full member

Activity: 238

Merit: 100

My bet is that labcoin probably isnt a scam, it is just terribly behind schedule with no actual mining power yet. Hence the lack of mining address + lack of dividends. Labcoin prematurely announced that it had 2TH and now they are just too afraid to walk back this statement, so instead they let it simmer there and are left exposed to being accused of being a scam when in reality they are just horrible at PR and severely overestimated their engineering skill at the same time.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: kingcrimson on September 17, 2013, 05:26:46 PM

I kind of want to buy back in, but they are making it really hard. Can anyone holding give some rationalization for Labcoins behavior and that it isnt one big scam?

they are just working out details and thought it would be best to play it off. just hasn't worked as they thought.

TsuyokuNaritai

hero member

Activity: 574

Merit: 500

Quote from: kingcrimson on September 17, 2013, 05:26:46 PM

I kind of want to buy back in, but they are making it really hard. Can anyone holding give some rationalization for Labcoins behavior and that it isnt one big scam?

They're psychopaths.

kingcrimson

legendary

Activity: 1025

Merit: 1000

I kind of want to buy back in, but they are making it really hard. Can anyone holding give some rationalization for Labcoins behavior and that it isnt one big scam?

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: zoinky on September 17, 2013, 05:19:01 PM

Quote from: VolanicEruptor on September 17, 2013, 05:11:23 PM

Quote from: zoinky on September 17, 2013, 05:10:13 PM

Quote from: VolanicEruptor on September 17, 2013, 05:08:43 PM

Getting chips up and running isn't easy.. I wouldn't call it lying as much as I would call it "having technical issues"..

I'd even take an image of technical issues.

Do you realize what kind of panic that would cause? If you call this drama now, wait until they start posting images of their fuck ups! LOL.
They will get fixed, because, well.. they have to! Grin

But they said they had chips running, no?

Not at full optimization.

dwdoc

legendary

Activity: 966

Merit: 1000

- - -Caveat Aleo- - -

Quote from: VolanicEruptor on September 17, 2013, 05:11:23 PM

Quote from: zoinky on September 17, 2013, 05:10:13 PM

Quote from: VolanicEruptor on September 17, 2013, 05:08:43 PM

Getting chips up and running isn't easy.. I wouldn't call it lying as much as I would call it "having technical issues"..

I'd even take an image of technical issues.

Do you realize what kind of panic that would cause? If you call this drama now, wait until they start posting images of their fuck ups! LOL.
They will get fixed, because, well.. they have to! Grin

I think skepticism is so high right now that any pictures of their mining gear even if defective would be better than nothing.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

following this thread is a full time job now

so much shit

zoinky

hero member

Activity: 811

Merit: 1000

Web Developer

Quote from: VolanicEruptor on September 17, 2013, 05:11:23 PM

Quote from: zoinky on September 17, 2013, 05:10:13 PM

Quote from: VolanicEruptor on September 17, 2013, 05:08:43 PM

Getting chips up and running isn't easy.. I wouldn't call it lying as much as I would call it "having technical issues"..

I'd even take an image of technical issues.

Do you realize what kind of panic that would cause? If you call this drama now, wait until they start posting images of their fuck ups! LOL.
They will get fixed, because, well.. they have to! Grin

But they said they had chips running, no?

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: zoinky on September 17, 2013, 05:10:13 PM

Quote from: VolanicEruptor on September 17, 2013, 05:08:43 PM

Getting chips up and running isn't easy.. I wouldn't call it lying as much as I would call it "having technical issues"..

I'd even take an image of technical issues.

Do you realize what kind of panic that would cause? If you call this drama now, wait until they start posting images of their fuck ups! LOL.
They will get fixed, because, well.. they have to! Grin

zoinky

hero member

Activity: 811

Merit: 1000

Web Developer

Quote from: VolanicEruptor on September 17, 2013, 05:08:43 PM

Getting chips up and running isn't easy.. I wouldn't call it lying as much as I would call it "having technical issues"..

I'd even take an image of technical issues.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Getting chips up and running isn't easy.. I wouldn't call it lying as much as I would call it "having technical issues"..

creativex

sr. member

Activity: 434

Merit: 250

Quote from: superduh on September 17, 2013, 04:11:04 PM

don't you get it. it's not about what the price will do in the next 1, 24hr etc it's about if it's ok for them to be LYING and covering shit up. if you think this kind of behavior is ok than by all means keep buying. don't be surprised though if you'll be holding an empty sack or a poor sap you sold your shares to will be. they really need honesty and trust from the community. they have yet to earn it.

+1

super duh.

superduh

hero member

Activity: 602

Merit: 500

Quote from: Vigil on September 17, 2013, 04:56:56 PM

I think Labcoin is going to turn this around.

http://www.youtube.com/watch?v=W5H0MGnzQao

Vigil

sr. member

Activity: 378

Merit: 250

I think Labcoin is going to turn this around.

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: velacreations on September 17, 2013, 04:50:52 PM

--- Interesting.

Quote from: labcoin on June 22, 2013, 09:17:06 PM

Samuel Noi
Nominee Director
iTec-Pro Limited
[email protected]

Whois on labcoin.com:

Quote

Registrant Contact Details:
   iTec Pro Ltd
   Samuel Noi ([email protected])
   Unit 1010, 10/F, Miramar Tower, 132 Nathan Road, Tsim Sha Tsui,
   Kowloon, Hong Kong
   Hong Kong
   Hong Kong,00000
   HK
   Tel. +852.81769405

So I assume he is from HK.

clock27

sr. member

Activity: 308

Merit: 250

labcoin has high hopes from some buddies of mine i hope for there sake it does that well

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: dexX7 on September 17, 2013, 04:48:47 PM

User labcoin isn't using China Standard Time when he referers to times and the latest "before 18th" is in approx. 12:15 hours in Honolulu.

hmmm, so it's an American selling an unlicensed security. Interesting.

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: labcoin on September 17, 2013, 02:46:44 PM

Dividend day was previously miscalculated, i apologize, expect the first payment on Tue 24/9 and mining address proof in less than 24 hours as promised.

Quote from: labcoin on September 17, 2013, 02:56:36 PM

I've promised before the 18 September, that means before the day ends.

Two notes:

User labcoin isn't using China Standard Time when he referers to times and the latest "before 18th" is in approx. 12:15 hours in Honolulu.

NineLives

sr. member

Activity: 252

Merit: 250

Whats happened? What have I missed?

I'm assuming with the share rates that NOTHING is the prime word?

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 379. (Read 1079974 times)