[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 858.

neilol

sr. member

Activity: 302

Merit: 250

Quote from: VinceSamios on July 31, 2013, 05:53:01 PM

Quote from: neilol on July 31, 2013, 05:52:04 PM

Quote from: VinceSamios on July 31, 2013, 05:48:42 PM

Its a little disconcerting to see how flippant burnside is about $2mil of investment....

The right thing to do would be to re-open bidding for 24 hours - we only lose a single day and EVERYONE gets an ACTUALLY fair opportunity to invest.

We don't want this - for sure a whale would come in and dilute everyone's share to <1%..then hold their own auction style ipo...

*YOU* don't want this....

Fair, I would assume most though

foxykah

full member

Activity: 126

Merit: 100

Quote from: foxykah on July 31, 2013, 05:51:37 PM

20381 remaining. where are the shares remaining coz of rounding going?

29903

VinceSamios

sr. member

Activity: 448

Merit: 250

Quote from: neilol on July 31, 2013, 05:52:04 PM

Quote from: VinceSamios on July 31, 2013, 05:48:42 PM

Its a little disconcerting to see how flippant burnside is about $2mil of investment....

The right thing to do would be to re-open bidding for 24 hours - we only lose a single day and EVERYONE gets an ACTUALLY fair opportunity to invest.

We don't want this - for sure a whale would come in and dilute everyone's share to <1%..then hold their own auction style ipo...

*YOU* don't want this....

neilol

sr. member

Activity: 302

Merit: 250

Quote from: VinceSamios on July 31, 2013, 05:48:42 PM

Its a little disconcerting to see how flippant burnside is about $2mil of investment....

The right thing to do would be to re-open bidding for 24 hours - we only lose a single day and EVERYONE gets an ACTUALLY fair opportunity to invest.

We don't want this - for sure a whale would come in and dilute everyone's share to <1%..then hold their own auction style ipo...

Bitcycle

sr. member

Activity: 420

Merit: 250

Quote from: wiak2 on July 31, 2013, 05:50:51 PM

Quote from: gimme_bottles on July 31, 2013, 05:49:33 PM

i wasn't addressing LABCOIN with my reply. just stop flaming at burnside. if he is anything, he is the victim of a, well, messed up IPO

He could have fixed things however, but he chose to let it go. He even admitted he screwed up but didn't care.

He could only have 'fixed' it by screwing over other people.

foxykah

full member

Activity: 126

Merit: 100

20381 remaining. where are the shares remaining coz of rounding going?

wiak2

sr. member

Activity: 560

Merit: 250

Quote from: gimme_bottles on July 31, 2013, 05:49:33 PM

i wasn't addressing LABCOIN with my reply. just stop flaming at burnside. if he is anything, he is the victim of a, well, messed up IPO

He could have fixed things however, but he chose to let it go. He even admitted he screwed up but just didn't care. Lost a lot of respect for him.

matt4054

legendary

Activity: 1946

Merit: 1035

AND despite the OBVIOUS BUG they carried on with it

That's the part that is the most upsetting, not the bug itself.

Not to mention the wrong time announcement etc.

Anyway, those who got them, enjoy your cheap shares.
But be consistent and don't be surprised that others are totally disgusted tonight.

I'll just smoke some weed to calm down, I think. Yay.

Ytterbium

full member

Activity: 238

Merit: 100

Quote from: bigdude on July 31, 2013, 05:47:12 PM

Quote from: Ytterbium on July 31, 2013, 05:46:00 PM

Hey, looks like the script is finished! I've now got an order placed for about 42% of my original bid!

That better than mine - mine is showing 39.3725%

I don't remember the exact number I bid actually, it was slightly more then I'd first planned since I deposited enough coin to be able to bid over the price, back when people were saying the shares would just go to whoever bid the most. Then I went back and reduced my bid to 0.001 with a slightly higher count.

Quote from: VinceSamios on July 31, 2013, 05:48:42 PM

The right thing to do would be to re-open bidding for 24 hours - we only lose a single day and EVERYONE gets an ACTUALLY fair opportunity to invest.

It won't be 'fair', it will just allow people with massive bitcoin hoards to place massive orders while everyone ends up with 10% of what they bid.

Stop being such a whiny baby.

gimme_bottles

sr. member

Activity: 316

Merit: 250

Quote from: wiak2 on July 31, 2013, 05:47:39 PM

Quote from: gimme_bottles on July 31, 2013, 05:46:28 PM

Quote from: ?? on ??

Quote from: burnside on July 31, 2013, 05:41:33 PM

Quote from: ShroomsKit on July 31, 2013, 05:19:13 PM

Burnside, these coins not showing up was obviously not done on purpose right?

No, certainly not on purpose. The deposit system usually takes a couple of deposits an hour, not hundreds. Sad

We'll beef it up obviously for future use, but any time you come across a new mode of business like this you find new bottlenecks.

Extremely frustrating for sure, but 99% of the users are still way better off than they were 20 hours ago when we were looking at doing it auction style and frankly, even if you missed out you may end up paying less for the shares now than you would have had the auction style IPO run it's course the way things were getting bid up. (hard to say for sure)

Props to LABCOIN on this one for opting to go this route. They could have been greedy and stuck with the auction and made 2x the coins...

You've fucked up burnside - you could have saved some credibility.

guys, calm down. the LABCOIN hype started less than 24 hours ago. who could have known that there will be THAT much buying pressure?

That's exactly the point, Swede said that there would be 16-24 hours of notice in this thread of an exact time for the sale to begin. He lied to us.

i wasn't addressing LABCOIN with my reply. just stop flaming at burnside. if he is anything, he is the victim of a, well, messed up IPO

dwdoc

legendary

Activity: 966

Merit: 1000

- - -Caveat Aleo- - -

39.37% of my original bid listed.

foxykah

full member

Activity: 126

Merit: 100

Anyway I think we succeded in raising that minimum of 4000 BTC Grin

neilol

sr. member

Activity: 302

Merit: 250

Quote from: Ytterbium on July 31, 2013, 05:46:00 PM

Hey, looks like the script is finished! I've now got an order placed for about 42% of my original bid!

EDIT: It's not showing up on the 'orders' tab, but if you look at the order book, there are now exactly 7mil orders and the 'cancel' button has my share count on it.

+1

ChefBorjan

full member

Activity: 148

Merit: 100

So... I guess all this mess confirms that human greed is alive and kicking right? Cheesy

VinceSamios

sr. member

Activity: 448

Merit: 250

Its a little disconcerting to see how flippant burnside is about $2mil of investment....

The right thing to do would be to re-open bidding for 24 hours - we only lose a single day and EVERYONE gets an ACTUALLY fair opportunity to invest.

San1ty

sr. member

Activity: 462

Merit: 250

Quote from: pheaonix on July 31, 2013, 05:46:25 PM

Quote from: San1ty on July 31, 2013, 05:45:52 PM

Guys I still haven't received my deposit on BTCT.CO, anyone else still not getting their deposits or am I screwed?

make a withdrawal for .001

That fixes my deposit??? Wow if only I knew earlier, I could have bought SO many shares...

wiak2

sr. member

Activity: 560

Merit: 250

Quote from: gimme_bottles on July 31, 2013, 05:46:28 PM

Quote from: ?? on ??

Quote from: burnside on July 31, 2013, 05:41:33 PM

Quote from: ShroomsKit on July 31, 2013, 05:19:13 PM

Burnside, these coins not showing up was obviously not done on purpose right?

No, certainly not on purpose. The deposit system usually takes a couple of deposits an hour, not hundreds. Sad

We'll beef it up obviously for future use, but any time you come across a new mode of business like this you find new bottlenecks.

Extremely frustrating for sure, but 99% of the users are still way better off than they were 20 hours ago when we were looking at doing it auction style and frankly, even if you missed out you may end up paying less for the shares now than you would have had the auction style IPO run it's course the way things were getting bid up. (hard to say for sure)

Props to LABCOIN on this one for opting to go this route. They could have been greedy and stuck with the auction and made 2x the coins...

You've fucked up burnside - you could have saved some credibility.

guys, calm down. the LABCOIN hype started less than 24 hours ago. who could have known that there will be THAT much buying pressure?

That's exactly the point, Swede said that there would be 16-24 hours of notice in this thread of an exact time for the sale to begin. He lied to us.

bigdude

hero member

Activity: 896

Merit: 500

Dolphins Finance TRUSTED FINANCE

Quote from: Ytterbium on July 31, 2013, 05:46:00 PM

Hey, looks like the script is finished! I've now got an order placed for about 42% of my original bid!

That better than mine - mine is showing 39.3725%

foxykah

full member

Activity: 126

Merit: 100

20435 shares remaining as a result of rounding. what will be their future?

gimme_bottles

sr. member

Activity: 316

Merit: 250

Quote from: ?? on ??

Quote from: burnside on July 31, 2013, 05:41:33 PM

Quote from: ShroomsKit on July 31, 2013, 05:19:13 PM

Burnside, these coins not showing up was obviously not done on purpose right?

No, certainly not on purpose. The deposit system usually takes a couple of deposits an hour, not hundreds. Sad

We'll beef it up obviously for future use, but any time you come across a new mode of business like this you find new bottlenecks.

Extremely frustrating for sure, but 99% of the users are still way better off than they were 20 hours ago when we were looking at doing it auction style and frankly, even if you missed out you may end up paying less for the shares now than you would have had the auction style IPO run it's course the way things were getting bid up. (hard to say for sure)

Props to LABCOIN on this one for opting to go this route. They could have been greedy and stuck with the auction and made 2x the coins...

You've fucked up burnside - you could have saved some credibility.

guys, calm down. the LABCOIN hype started less than 24 hours ago. who could have known that there will be THAT much buying pressure?

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 858. (Read 1079974 times)