[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 818.

physalis

sr. member

Activity: 392

Merit: 250

Quote from: zefyr0s on August 09, 2013, 10:31:18 AM

They never promised you lots of money in the short term? You
convinced yourself that, and bought for that reason, no?

People are so quick to fuel the hype machine without thinking hard
about what they're hyping even is in the first place.

e: and isn't icedrill's manufacturer going to start shipping before
even sending out a test unit.. so they can rush to market. not
saying it's a 100% fail idea, but it drastically increases the risk
involved with the company in general, investing or otherwise.

He was being sarcastic...

boyohi

full member

Activity: 182

Merit: 100

Quote from: zefyr0s on August 09, 2013, 10:31:18 AM

They never promised you lots of money in the short term? You
convinced yourself that, and bought for that reason, no?

People are so quick to fuel the hype machine without thinking hard
about what they're hyping even is in the first place.

e: and isn't icedrill's manufacturer going to start shipping before
even sending out a test unit.. so they can rush to market. not
saying it's a 100% fail idea, but it drastically increases the risk
involved with the company in general, investing or otherwise.

Wooosh

zefyr0s

sr. member

Activity: 245

Merit: 250

They never promised you lots of money in the short term? You
convinced yourself that, and bought for that reason, no?

People are so quick to fuel the hype machine without thinking hard
about what they're hyping even is in the first place.

e: and isn't icedrill's manufacturer going to start shipping before
even sending out a test unit.. so they can rush to market. not
saying it's a 100% fail idea, but it drastically increases the risk
involved with the company in general, investing or otherwise.

szmarco

hero member

Activity: 574

Merit: 500

Quote from: physalis on August 09, 2013, 09:59:22 AM

This fear mongering is amazing.

Do you guys actually think the whole thing is a scam? What would be their angle? They got the money already, if they were to take it and run, they would have done so already.
And that is all I need to evaluate. I believe that they are working on getting this done, and I believe they eventually will. I don't believe that they are possibly that incompetent that they'll end the project with just giving up. And even if they end up with an underperforming chip, they're getting it at production cost, which means they are at the top of the food chain, right with AM.

Then you have projects like icedrill, where someone is buying hardware at retail cost from a producer, and pays out just about half of the profits to the shareholders, and people are actually jumping on it. It boggles my mind, really.

+1
I'll have my patience till next weekend. As they said the result of first run will be revealed.

boyohi

full member

Activity: 182

Merit: 100

Quote from: physalis on August 09, 2013, 09:59:22 AM

This fear mongering is amazing.

Do you guys actually think the whole thing is a scam? What would be their angle? They got the money already, if they were to take it and run, they would have done so already.
And that is all I need to evaluate. I believe that they are working on getting this done, and I believe they eventually will. I don't believe that they are possibly that incompetent that they'll end the project with just giving up. And even if they end up with an underperforming chip, they're getting it at production cost, which means they are at the top of the food chain, right with AM.

Then you have projects like icedrill, where someone is buying hardware at retail cost from a producer, and pays out just about half of the profits to the shareholders, and people are actually jumping on it. It boggles my mind, really.

IPO was 9 days ago and I haven't made the truckload of bitcoin Labcoin promised me. This is clearly a scam with 3 million shares unaccounted for. At-least AMC won't increase their share or have millions of share unaccounted for. I know BFL will deliver my preorder, I'm on the waiting list. I think I'm pulling out for Icedrill it sounds legit.

-1

physalis

sr. member

Activity: 392

Merit: 250

This fear mongering is amazing.

Do you guys actually think the whole thing is a scam? What would be their angle? They got the money already, if they were to take it and run, they would have done so already.
And that is all I need to evaluate. I believe that they are working on getting this done, and I believe they eventually will. I don't believe that they are possibly that incompetent that they'll end the project with just giving up. And even if they end up with an underperforming chip, they're getting it at production cost, which means they are at the top of the food chain, right with AM.

Then you have projects like icedrill, where someone is buying hardware at retail cost from a producer, and pays out just about half of the profits to the shareholders, and people are actually jumping on it. It boggles my mind, really.

twentyseventy

legendary

Activity: 1386

Merit: 1000

I really think that LC knows what they're doing with the development side, but didn't consider the constant contact they'd need to keep with the BTCtalk community. They were smart to engage TheSwede to be their forum liaison, but he can only do so much if they provide him with limited information.

tucenaber

sr. member

Activity: 337

Merit: 252

Quote from: ?? on ??

Quote from: E.Sam on August 09, 2013, 09:25:25 AM

Shareholders are loosing trust here.

But how did shareholders gain trust before?

I don't know what others did, but for me it was because of the involvement of one of the developers. After a chat on IRC I decided it was probably not a scam. Maybe incompetence, but not an outright scam. That's no proof but, I did the best I could.

E.Sam

sr. member

Activity: 393

Merit: 250

Quote from: ?? on ??

Quote from: E.Sam on August 09, 2013, 09:25:25 AM

Shareholders are loosing trust here.

But how did shareholders gain trust before?

Following posts on their research & development, people believed in this project (wrongly or not is to be seen). Hence sold out IPO before its start (some of this *might* have been due to speculation, but still).
Lack of communication on important points make investors uneasy, lose confidence and sell off.

I have the feeling I m stating the obvious here.

tucenaber

sr. member

Activity: 337

Merit: 252

The questions are piling up. Let's get this straightened out.

Labcoin, please

a) publicize the holdings of the major shareholder(s). If you want to keep out the developers, that's ok, but Farizio and Samuel is a must.

b) give proof of what has happened to the income from the IPO. How much is still in the IPO account? How much is still in Bitcoins? What bitcoin addresses?

Thank you.

E.Sam

sr. member

Activity: 393

Merit: 250

weaknesswaran

hero member

Activity: 964

Merit: 509

Quote from: Moebius327 on August 09, 2013, 08:07:33 AM

Quote from: weaknesswaran on August 09, 2013, 07:59:39 AM

Quote from: funcard2008 on August 09, 2013, 07:47:44 AM

Quote from: Moebius327 on August 09, 2013, 07:37:57 AM

Quote from: Bitcycle on August 09, 2013, 07:27:01 AM

Quote from: Moebius327 on August 09, 2013, 06:58:28 AM

Until I see where the 3 million shares are, I consider this a scam. Why aren't you showing us your portfolios?

There's no way to sell 3 million shares any time soon, so I'm not super concerned at this point.

Having said that, this seems like a very simple issue to resolve. Send the account info to Burnside ASAP.

Volume without IPO funds = 11472.7 BTC

I am not saying they sold all 3 M. My guess is 25% or 750 000 shares.

Yes, I also guess is already sold 25%!!

That would mean no major other trades were made.

Why is that?

Mistake of mine, got the deciamal point wrong. Sorry.

oxideNL

member

Activity: 82

Merit: 10

Reading back the last couple of pages.
I'm not getting more confidence in this share after the Q&A, quite the opposite I'm thinking about pulling back my shares.

The reason for me ?
Mostly the vaguely communication from Labcoin and their tendency to dodge tough questions
which i find quite... alarming.

I'll give it another 72 hours before i make my final decision, hope in the meanwhile that labcoin takes the time to reassure us is that everything is kosher up there.

narayan

member

Activity: 98

Merit: 10

I do not sell Bitcoins. I sell SHA256(SHA256()).

They sold 1.2 million shares.

Moebius327

hero member

Activity: 770

Merit: 500

Quote from: weaknesswaran on August 09, 2013, 07:59:39 AM

Quote from: funcard2008 on August 09, 2013, 07:47:44 AM

Quote from: Moebius327 on August 09, 2013, 07:37:57 AM

Quote from: Bitcycle on August 09, 2013, 07:27:01 AM

Quote from: Moebius327 on August 09, 2013, 06:58:28 AM

Until I see where the 3 million shares are, I consider this a scam. Why aren't you showing us your portfolios?

There's no way to sell 3 million shares any time soon, so I'm not super concerned at this point.

Having said that, this seems like a very simple issue to resolve. Send the account info to Burnside ASAP.

Volume without IPO funds = 11472.7 BTC

I am not saying they sold all 3 M. My guess is 25% or 750 000 shares.

Yes, I also guess is already sold 25%!!

That would mean no major other trades were made.

Why is that?

weaknesswaran

hero member

Activity: 964

Merit: 509

Quote from: funcard2008 on August 09, 2013, 07:47:44 AM

Quote from: Moebius327 on August 09, 2013, 07:37:57 AM

Quote from: Bitcycle on August 09, 2013, 07:27:01 AM

Quote from: Moebius327 on August 09, 2013, 06:58:28 AM

Until I see where the 3 million shares are, I consider this a scam. Why aren't you showing us your portfolios?

There's no way to sell 3 million shares any time soon, so I'm not super concerned at this point.

Having said that, this seems like a very simple issue to resolve. Send the account info to Burnside ASAP.

Volume without IPO funds = 11472.7 BTC

I am not saying they sold all 3 M. My guess is 25% or 750 000 shares.

Yes, I also guess is already sold 25%!!

That would mean no major other trades were made.

funcard2008

newbie

Activity: 38

Merit: 0

Quote from: Moebius327 on August 09, 2013, 07:37:57 AM

Quote from: Bitcycle on August 09, 2013, 07:27:01 AM

Quote from: Moebius327 on August 09, 2013, 06:58:28 AM

Until I see where the 3 million shares are, I consider this a scam. Why aren't you showing us your portfolios?

There's no way to sell 3 million shares any time soon, so I'm not super concerned at this point.

Having said that, this seems like a very simple issue to resolve. Send the account info to Burnside ASAP.

Volume without IPO funds = 11472.7 BTC

I am not saying they sold all 3 M. My guess is 25% or 750 000 shares.

Yes, I also guess is already sold 25%!!

Moebius327

hero member

Activity: 770

Merit: 500

Quote from: Bitcycle on August 09, 2013, 07:27:01 AM

Quote from: Moebius327 on August 09, 2013, 06:58:28 AM

Until I see where the 3 million shares are, I consider this a scam. Why aren't you showing us your portfolios?

There's no way to sell 3 million shares any time soon, so I'm not super concerned at this point.

Having said that, this seems like a very simple issue to resolve. Send the account info to Burnside ASAP.

Volume without IPO funds = 11472.7 BTC

I am not saying they sold all 3 M. My guess is 25% or 750 000 shares.

Bitcycle

sr. member

Activity: 420

Merit: 250

Quote from: Moebius327 on August 09, 2013, 06:58:28 AM

Until I see where the 3 million shares are, I consider this a scam. Why aren't you showing us your portfolios?

There's no way to sell 3 million shares any time soon, so I'm not super concerned at this point.

Having said that, this seems like a very simple issue to resolve. Send the account info to Burnside ASAP.

Moebius327

hero member

Activity: 770

Merit: 500

Until I see where the 3 million shares are, I consider this a scam. Why aren't you showing us your portfolios?

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 818. (Read 1079974 times)