[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 702.

Mabsark

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Quote from: velacreations on August 28, 2013, 10:37:19 AM

Quote from: Mabsark on August 28, 2013, 10:31:58 AM

I didn't say they would be as successful, I said it was certainly a possibility. Labcoin are also working on their 2nd gen ASIC, which won't be that long behind AM's.

Yeah, and they don't even have their 1st gen operational, yet.

That's what you are betting on, that they won't be too far behind everyone else?

Yikes Roll Eyes

No. I simply stated that Labcoin's 2nd gen ASIC will not be that long behind AM's. Do you not understand English?

AM's 2nd gen chips will be out later than KnC's 28nm ASICs. AM is therefore clearly doomed to failure!!!!!

Rival

hero member

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Quote from: AngelSky on August 28, 2013, 10:46:22 AM

let's start bids for deseparated shareholder of AM to make an ad on this thread.

Please tell us we are not going to be deseparated. That sounds... painful.

AngelSky

hero member

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let's start bids for deseparated shareholder of AM to make an ad on this thread.

Ytterbium

full member

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BTW: this bet: http://bitbet.us/bet/521/labcoins-own-130nm-design-sample-chips-will-be/

The problem is - even though labcoin said it would be sending out sample chips, they never said they'd have them out by the 12th of September. That's only 15 days away, and we don't know who's getting them. The people getting them may not have big forum presences. The only one I know if that's actually said they'd be getting one is TheSweed, who might qualify as a "shill"

Labcoin has promised to be up and hashing with a few TH in the next few weeks. They never claimed they'd have sample chips in the hands of 5 well-known forum members by 9/12.

Mabsark

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Quote from: AngelSky on August 28, 2013, 10:21:23 AM

Quote from: velacreations on August 28, 2013, 10:18:50 AM

Quote from: Mabsark on August 28, 2013, 10:08:36 AM

You'd have to be silly to pick AM over Labcoin at the moment.

That's silly. Weren't you saying that when the news hit, we'd see over .004 for LC, too? And what happened?

I mean, look at the history for the 2 for the past 24 hours. LC news was delayed a bit, and the share crashed. Twice. Meanwhile, AM updates prices, and btc starts flowing in to their share price. Where do you think that new AM coin is coming from?

Now, I'm not saying that AM can't drop more, but saying that LC is the better pick right now is ridiculous. LC has bigger profit potential and substantially higher risk, and the market knows it (look at LC chart for the last 24 hours).

It takes just one delay to crash LC beyond recovery. AM has more room for error.

I think people here understand that LC is the challenger. BTW what did you say when AM crashed from 3.6 to 2.7 in less than 24 hours ?

What's so hilarious to me, is that I've been saying that AM price would drop to 2.x due to competition for months now and Vela and his buds from the AM spec thread called me a troll, delusional and that the price would soon hit 10 BTC.

Vela's predictions are based on hopes and wishes.

velacreations

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Quote from: AngelSky on August 28, 2013, 10:37:43 AM

Labcoin is atm the only one who is doing great with deadlines (and let me remind you that the majority of other stocks don't even have a deadline). Make your choice, I've already made mine.

Well, according to everyone last night, they missed the news deadline (not that I agree, but I think those 2 flash crashes kinda thought that)

LC has a long way to catch up to AM's record on delivery.

I hope LC succeeds, I really do, but I would never bet that they will match the success of AM.

AngelSky

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Quote from: velacreations on August 28, 2013, 10:35:20 AM

Quote from: Mabsark on August 28, 2013, 10:28:42 AM

Quote from: velacreations on August 28, 2013, 10:18:50 AM

I mean, look at the history for the 2 for the past 24 hours. LC news was delayed a bit, and the share crashed. Twice. Meanwhile, AM updates prices, and btc starts flowing in to their share price. Where do you think that new AM coin is coming from?

Who cares?

The market cares. There are only so many btc to go around. If one security is gaining at the expense of the other, then clearly, the market favors the first.

Quote from: Mabsark on August 28, 2013, 10:28:42 AM

Quote from: velacreations on August 28, 2013, 10:18:50 AM

Now, I'm not saying that AM can't drop more, but saying that LC is the better pick right now is ridiculous. LC has bigger profit potential and substantially higher risk, and the market knows it (look at LC chart for the last 24 hours).

That's exactly why Labcoin is the better investment.

So higher risk = better investment?

Quote from: Mabsark on August 28, 2013, 10:28:42 AM

Quote from: velacreations on August 28, 2013, 10:18:50 AM

It takes just one delay to crash LC beyond recovery. AM has more room for error.

Nonsense. Labcoin already has the funding it requires. The current price of shares is irrelevant to its success. If the price crashed to 0.00001 right now, it would shoot straight back up as soon as Labcoin brought hashing power online.

Not necessarily. If they fail to meet deadlines and have extended delays, they will certainly fall behind the competition, and their chances of success decline substantially. LC has little room for error and a small window to hit success. A few stumbles and/or competition rises: they will fall behind.

Just because they have the money does not guarantee success. Now, they have to actually deliver.

Labcoin is atm the only one who is doing great with deadlines (and let me remind you that the majority of other stocks don't even have a deadline). Make your choice, I've already made mine.

ajk

donator

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Quote from: AngelSky on August 28, 2013, 10:33:16 AM

When I bought my AM shares @ 0.7 I considered - at that time - that invest. as a gamble too.

Ok? I said that having a massive amount of your equity invested in AM is a better choice than LC, Every investment has a point where its going to be a gamble but people are persistent in the fact that in potential LC is going to be better? Why? If I had to choose having more money in one company than the other I would choose AM over LC any day of the week

velacreations

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Quote from: Mabsark on August 28, 2013, 10:31:58 AM

I didn't say they would be as successful, I said it was certainly a possibility. Labcoin are also working on their 2nd gen ASIC, which won't be that long behind AM's.

Yeah, and they don't even have their 1st gen operational, yet.

That's what you are betting on, that they won't be too far behind everyone else?

Yikes Roll Eyes

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: Mabsark on August 28, 2013, 10:28:42 AM

Quote from: velacreations on August 28, 2013, 10:18:50 AM

I mean, look at the history for the 2 for the past 24 hours. LC news was delayed a bit, and the share crashed. Twice. Meanwhile, AM updates prices, and btc starts flowing in to their share price. Where do you think that new AM coin is coming from?

Who cares?

The market cares. There are only so many btc to go around. If one security is gaining at the expense of the other, then clearly, the market favors the first.

Quote from: Mabsark on August 28, 2013, 10:28:42 AM

Quote from: velacreations on August 28, 2013, 10:18:50 AM

Now, I'm not saying that AM can't drop more, but saying that LC is the better pick right now is ridiculous. LC has bigger profit potential and substantially higher risk, and the market knows it (look at LC chart for the last 24 hours).

That's exactly why Labcoin is the better investment.

So higher risk = better investment?

Quote from: Mabsark on August 28, 2013, 10:28:42 AM

Quote from: velacreations on August 28, 2013, 10:18:50 AM

It takes just one delay to crash LC beyond recovery. AM has more room for error.

Nonsense. Labcoin already has the funding it requires. The current price of shares is irrelevant to its success. If the price crashed to 0.00001 right now, it would shoot straight back up as soon as Labcoin brought hashing power online.

Not necessarily. If they fail to meet deadlines and have extended delays, they will certainly fall behind the competition, and their chances of success decline substantially. LC has little room for error and a small window to hit success. A few stumbles and/or competition rises: they will fall behind.

Just because they have the money does not guarantee success. Now, they have to actually deliver.

AngelSky

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Quote from: ajk on August 28, 2013, 10:30:38 AM

AM has more money and a cult like following in comparison to LC, if Friedcat is having trouble maintaining high hash rates with current technology what is going to make it any easier for LC? I have shares in both companies however believe that AM is positioned for a significant movement in the upward direction simply because they have the most money compared to any company out there. They are also the only ones currently hashing with massive amounts of power in comparison to other companies and have new technology underway,

LC has 4 TH promised by Sept 10 based on their latest update, the dividends are going to be pennies on the dollar and they still have no plans of future new technology and hardware..

People are delusional to gamble with LC ActM IceDrill simply because they are exactly that, Gambles, If you want to make real money long term AM is the only company that is worth having a massive amount of your equity invested into because they Deliver and are positioned for the highest growth potential

When I bought my AM shares @ 0.7 I considered - at that time - that invest. as a gamble too.

Rival

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Quote from: AngelSky on August 28, 2013, 10:21:23 AM

I think people here understand that LC is the challenger. BTW what did you say when AM crashed from 3.6 to 2.7 in less than 24 hours ?

I said "Please send me 25 more shares."

Mabsark

legendary

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Quote from: velacreations on August 28, 2013, 10:21:08 AM

Quote from: Mabsark on August 28, 2013, 10:17:34 AM

Yes, a share price of 0.1 BTC would require it to be as successful as AM, which is certainly a possibility.

highly unlikely. Their mid-term goal is less than what AM is hashing with right now. As soon as LC gets their 50 TH/s online, AM will be unveiling Gen2 hardware.

Tell me again how they will be as successful as the company with a one year lead?

I didn't say they would be as successful, I said it was certainly a possibility. Labcoin are also working on their 2nd gen ASIC, which won't be that long behind AM's.

ajk

donator

Activity: 447

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AM has more money and a cult like following in comparison to LC, if Friedcat is having trouble maintaining high hash rates with current technology what is going to make it any easier for LC? I have shares in both companies however believe that AM is positioned for a significant movement in the upward direction simply because they have the most money compared to any company out there. They are also the only ones currently hashing with massive amounts of power in comparison to other companies and have new technology underway,

LC has 4 TH promised by Sept 10 based on their latest update, the dividends are going to be pennies on the dollar and they still have no plans of future new technology and hardware..

People are delusional to gamble with LC ActM IceDrill simply because they are exactly that, Gambles, If you want to make real money long term AM is the only company that is worth having a massive amount of your equity invested into because they Deliver and are positioned for the highest growth potential

AngelSky

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Quote from: Ytterbium on August 28, 2013, 10:28:30 AM

Guys I was making out with Marissa Mayer last at this epic party on the shores of lake Vostok night and after we were done she gave me a USB stick with pictures of the chips!

Note: this is a joke.

love your work

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: velacreations on August 28, 2013, 10:18:50 AM

Quote from: Mabsark on August 28, 2013, 10:08:36 AM

You'd have to be silly to pick AM over Labcoin at the moment.

That's silly. Weren't you saying that when the news hit, we'd see over .004 for LC, too? And what happened?

Have I? Where? As far as I can remember, I've been saying that share price would increase when hashing power came online.

Quote from: velacreations on August 28, 2013, 10:18:50 AM

I mean, look at the history for the 2 for the past 24 hours. LC news was delayed a bit, and the share crashed. Twice. Meanwhile, AM updates prices, and btc starts flowing in to their share price. Where do you think that new AM coin is coming from?

Who cares?

Quote from: velacreations on August 28, 2013, 10:18:50 AM

Now, I'm not saying that AM can't drop more, but saying that LC is the better pick right now is ridiculous. LC has bigger profit potential and substantially higher risk, and the market knows it (look at LC chart for the last 24 hours).

That's exactly why Labcoin is the better investment.

Quote from: velacreations on August 28, 2013, 10:18:50 AM

It takes just one delay to crash LC beyond recovery. AM has more room for error.

Nonsense. Labcoin already has the funding it requires. The current price of shares is irrelevant to its success. If the price crashed to 0.00001 right now, it would shoot straight back up as soon as Labcoin brought hashing power online.

Ytterbium

full member

Activity: 238

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Guys I was making out with Marissa Mayer last at this epic party on the shores of lake Vostok night and after we were done she gave me a USB stick with pictures of the chips!

Note: this is a joke.

AngelSky

hero member

Activity: 1008

Merit: 537

Quote from: N_S on August 27, 2013, 08:34:44 PM

Totally liquidated.

I'm definitely not going to be holding this bag.

Sure would be nice to get updates when we're told we'll get them.

Makes sense now.

N_S

full member

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Quote from: velacreations on August 28, 2013, 10:22:49 AM

But the possibility of LC matching AM's success with their current plans is pretty far fetched.

With what they're bringing to the table? Yeah, I'm in total agreement.

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: cw92 on August 28, 2013, 10:20:11 AM

At 3-4 TH/s (best case scenario for LC in the coming weeks), this will be about 1/20 of AMs hashrate. Since LC has 25x more shares, that would value labcoin at .006 if AM is at 3. However, that doesn't account for AMs hardware sales, increasing hashrate, and reputation, so LC will be worth much less than that.

+1
LC has a severe disadvantage that AM didn't have: they have to compete with AM.

It is possible for LC to make a profit, no doubt about it. But the possibility of LC matching AM's success with their current plans is pretty far fetched.

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