Quote
Its not up for trading even for 24 hours yet. WOAH TANKING! WOAH HOW ARE WE NOT MAKIKING 10X of investment in 2nd day???
Just chill give it a few days/weeks/months
+1Just chill give it a few days/weeks/months
Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 841. (Read 1079974 times)
August 01, 2013, 03:00:40 PM
August 01, 2013, 02:42:56 PM
Now the price actually is tanking.
Its not up for trading even for 24 hours yet. WOAH TANKING! WOAH HOW ARE WE NOT MAKIKING 10X of investment in 2nd day???
Just chill give it a few days/weeks/months
August 01, 2013, 02:37:15 PM
Now the price actually is tanking.
Probably just a bunch of Day 1 Traders taking their profit; I think the demand will pick up soon-
August 01, 2013, 02:31:52 PM
Now the price actually is tanking.
August 01, 2013, 02:28:50 PM
I did ask several questions (chip specs & chip delivery) around page 7... Yesterday... 
Are you talking about that NVidia graphic that people kept reposting? That was responded too - the break-even points listed there were for massive orders of the type NVidia and AMD would be making, ignoring the initial R&D costs, which are lower for smaller feature sizes.
People who didn't seem to know much about chip design seemed to be randomly re-posting it with statements like "GIVE US ANSWERS ON THIS!!!!" even though an answer had been given.
Those break-even points have nothing to do with orders, they are just showing where the transistor cost allows for savings by migrating to a newer technology. In fact, the current 28nm fab capacity has grown so much, that most 28nm fabs will have to cut on prices to increase demand.
I would recommend reading from an informed source, to understand the issue I raised: http://www.eetimes.com/author.asp?section_id=36&doc_id=1286363
August 01, 2013, 02:23:51 PM
Q: How do you plan to convert 7000 Bitcoin into fiat? No need for full disclosure, but this question is critical.
A: ... I do believe there is still some discussion around if ALL 7k should be sold ASAP or if a portion should be held for dividend payments etc. ...
A: ... I do believe there is still some discussion around if ALL 7k should be sold ASAP or if a portion should be held for dividend payments etc. ...
Please establish and communicate a policy around this ASAP. I do NOT like to see investor funds being used for dividend payments, the money is there to grow your business, not to placate the shareholders.
I'm dumping my shares. Talks about operating the security as a ponzi scheme should not be taken lightly. This is exactly the type of publicity we don't need in the BTC security marketplace.
Ok, maybe I should just state it clearly. Obviously Labcoin is by no means a Ponzi-Scheme. Labcoin does NOT intend to pay dividends until the project is profitable. The shares in the IPO has been placed already and Labcoin does NOT intend to raise more capital. I cannot even see how a company without re-investment incentive or a continuous dilution of share capital could even function as a Ponzi scheme.
I will make sure that Labcoin prioritizes having a developer Q/A and for the Founder Fabrizio to hold an open discussion.
I am sorry if I made it unclear. Holding a small portion of Bitcoin would NOT be to pay dividends out of 'thin air' of course. This would simply be a small buffer to use for dividends if say Fiat payments are made for bulk chips or miners from customers and BTC is hard to 'come by'. I will pose this question more clearly to the Labcoin team, but rest assured this is NOT a large amount of Bitcoin we are talking about and of course no coin will be held at all if needed to grow the project or pay for Chips/Hardware/Dev etc.
+1
August 01, 2013, 02:23:36 PM
Obviously ______ is by no means a Ponzi-Scheme.
said every ponzi operator ever
I kid, I kid
said every ponzi operator ever
I kid, I kid
August 01, 2013, 02:19:40 PM
Q: How do you plan to convert 7000 Bitcoin into fiat? No need for full disclosure, but this question is critical.
A: ... I do believe there is still some discussion around if ALL 7k should be sold ASAP or if a portion should be held for dividend payments etc. ...
A: ... I do believe there is still some discussion around if ALL 7k should be sold ASAP or if a portion should be held for dividend payments etc. ...
Please establish and communicate a policy around this ASAP. I do NOT like to see investor funds being used for dividend payments, the money is there to grow your business, not to placate the shareholders.
I'm dumping my shares. Talks about operating the security as a ponzi scheme should not be taken lightly. This is exactly the type of publicity we don't need in the BTC security marketplace.
Ok, maybe I should just state it clearly. Obviously Labcoin is by no means a Ponzi-Scheme. Labcoin does NOT intend to pay dividends until the project is profitable. The shares in the IPO has been placed already and Labcoin does NOT intend to raise more capital. I cannot even see how a company without re-investment incentive or a continuous dilution of share capital could even function as a Ponzi scheme.
I will make sure that Labcoin prioritizes having a developer Q/A and for the Founder Fabrizio to hold an open discussion.
August 01, 2013, 01:58:40 PM
I'm dumping my shares. Talks about operating the security as a ponzi scheme should not be taken lightly. This is exactly the type of publicity we don't need in the BTC security marketplace.
It's far fetched to claim this is a ponzi. All they say is "We have 7000 Bitcoin now and we don't want everything converted to fiat", because they want to keep some coins for liquidity reasons and to avoid fiat to Bitcoin exchanges afterwards. I don't see any problem with that, but if you still do, please elaborate.
+1. I'd say that the level of hysteria in bitcoin investors is really high, but I have enough experience in the forex forums to know that bitcoin doesn't have the lock on people with fingers on the panic/accusations button.
I think some of the people here are over emotional.
August 01, 2013, 01:56:58 PM
amc shills in every thread 
+1
I did notice that, but didn't want to say anything. Which is not necessarily a bad thing. Sometimes they bring up good points that blinded investors tends to overlook, or not ask. Also, if their efforts have any effect, they only help long term investors buy cheaper shares.
I for one see more potential in this vaporware then AMC. Don't get me wrong though AMC was great for speculation, riding the wave every time Ken made an announcement allowed me to invest in in other things.
So I welcome all shills/trolls/skeptics.
August 01, 2013, 01:53:56 PM
I'm dumping my shares. Talks about operating the security as a ponzi scheme should not be taken lightly. This is exactly the type of publicity we don't need in the BTC security marketplace.
It's far fetched to claim this is a ponzi. All they say is "We have 7000 Bitcoin now and we don't want everything converted to fiat", because they want to keep some coins for liquidity reasons and to avoid fiat to Bitcoin exchanges afterwards. I don't see any problem with that, but if you still do, please elaborate.
+1. I'd say that the level of hysteria in bitcoin investors is really high, but I have enough experience in the forex forums to know that bitcoin doesn't have the lock on people with fingers on the panic/accusations button.
August 01, 2013, 01:46:12 PM
amc shills in every thread
August 01, 2013, 01:42:36 PM
I'm dumping my shares. Talks about operating the security as a ponzi scheme should not be taken lightly. This is exactly the type of publicity we don't need in the BTC security marketplace.
It's far fetched to claim this is a ponzi. All they say is that they want to keep some coins for liquidity reasons and to avoid fiat to Bitcoin exchanges. I don't see any problem with that, but if you still do, please elaborate.
I am sorry if I made it unclear. Holding a small portion of Bitcoin would NOT be to pay dividends out of 'thin air' of course. This would simply be a small buffer to use for dividends if say Fiat payments are made for bulk chips or miners from customers and BTC is hard to 'come by'. I will pose this question more clearly to the Labcoin team, but rest assured this is NOT a large amount of Bitcoin we are talking about and of course no coin will be held at all if needed to grow the project or pay for Chips/Hardware/Dev etc.
I believe the reason for the Chinese sale is that not only would it be somewhat cumbersome to move a large amount of fiat between western exchanges and Chinese accounts, but also the fact that Bitcoin (don't quote me on this) actually is quite a bit more valuable on average in China then on many US exchanges.
+1 I hope people understand what Swede is trying to say here
August 01, 2013, 01:35:09 PM
I'm dumping my shares. Talks about operating the security as a ponzi scheme should not be taken lightly. This is exactly the type of publicity we don't need in the BTC security marketplace.
It's far fetched to claim this is a ponzi. All they say is "We have 7000 Bitcoin now and we don't want everything converted to fiat", because they want to keep some coins for liquidity reasons and to avoid fiat to Bitcoin exchanges afterwards. I don't see any problem with that, but if you still do, please elaborate.
I am sorry if I made it unclear. Holding a small portion of Bitcoin would NOT be to pay dividends out of 'thin air' of course. This would simply be a small buffer to use for dividends if say Fiat payments are made for bulk chips or miners from customers and BTC is hard to 'come by'. I will pose this question more clearly to the Labcoin team, but rest assured this is NOT a large amount of Bitcoin we are talking about and of course no coin will be held at all if needed to grow the project or pay for Chips/Hardware/Dev etc.
I believe the reason for the Chinese sale is that not only would it be somewhat cumbersome to move a large amount of fiat between western exchanges and Chinese accounts, but also the fact that Bitcoin (don't quote me on this) actually is quite a bit more valuable on average in China then on many US exchanges.
August 01, 2013, 01:33:50 PM
English isn't his mother tongue. How about giving him a break... When are we going to be able to question the developers in this thread?
There's another thread for hardware specifics here: https://bitcointalksearch.org/topic/ann-labcoin-asic-v1-130nm300mhz-16-cores-chip-european-chinese-team-241033
But that said since the plan is to operate a mine yourselves, you shouldn't need a lot of BTC saved up. Additionally, a lot of the sales of mining chips will be in BTC anyway, for sure.
On the other hand, keeping half the money saved up for the 65nm design in BTC could be a good idea as well, since the price could go up (I say half since the price could also go down!)
I did ask several questions (chip specs & chip delivery) around page 7... Yesterday...
Are you talking about that NVidia graphic that people kept reposting? That was responded too - the break-even points listed there were for massive orders of the type NVidia and AMD would be making, ignoring the initial R&D costs, which are lower for smaller feature sizes.
People who didn't seem to know much about chip design seemed to be randomly re-posting it with statements like "GIVE US ANSWERS ON THIS!!!!" even though an answer had been given.
August 01, 2013, 01:32:11 PM
It's astonishing how all the important questions are asked after IPO and the security pushed to quadruple...
Anyways, official answers should be really though through at this point, or this could turn into a big Charlie Foxtrot.
Anyways, official answers should be really though through at this point, or this could turn into a big Charlie Foxtrot.
I did ask several questions (chip specs & chip delivery) around page 7... Yesterday...
August 01, 2013, 01:23:53 PM
when i try to log into btct: access temporarily disabled. what the fuck lol.
Account would be locked temporarily after 5 failed login. 
August 01, 2013, 01:22:10 PM
when i try to log into btct: access temporarily disabled. what the fuck lol.
August 01, 2013, 01:21:47 PM
It's astonishing how all the important questions are asked after IPO and the security pushed to quadruple...
Anyways, official answers should be really though through at this point, or this could turn into a big Charlie Foxtrot.
Anyways, official answers should be really though through at this point, or this could turn into a big Charlie Foxtrot.
August 01, 2013, 01:21:03 PM
270k sell order, shes goin down
Deliberately low prices 
And mysteriously disappeared... wales making waves
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