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Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 877. (Read 1079974 times)

limbaugh
legendary
Activity: 1311
Merit: 1000
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 02:03:04 PM
#746
Quote from: Ytterbium on July 31, 2013, 02:00:04 PM

Almost $200k worth of BTC?  

See, this is what I'm talking about - people would vastly inflate the amount they wanted to buy.

Agreed, Burnside please hold those BTC deposits for another hour! He is brilliant if he actually prevents these asses from gaming the system.
Bitcycle
sr. member
Activity: 420
Merit: 250
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 02:02:41 PM
#745
Quote from: superbit on July 31, 2013, 02:00:51 PM


Terrible logic, the asset issuer said they would give 16+ hours notice.  That never happened, because you happened to login closer to when the asset got approved doesn't make you more prepared, you just live in a better timezone in this case.



My coins were already on the site, so yes, I was better prepared.
ShroomsKit
hero member
Activity: 672
Merit: 500
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 02:01:54 PM
#744
Quote from: Vigil on July 31, 2013, 01:58:02 PM
Quote from: ShroomsKit on July 31, 2013, 01:51:54 PM
Quote from: Vigil on July 31, 2013, 01:45:47 PM
Quote from: twentyseventy on July 31, 2013, 01:37:47 PM
Quote from: Vigil on July 31, 2013, 01:33:39 PM
Quote from: TheSwede75 on July 31, 2013, 01:31:31 PM
Quote from: foxykah on July 31, 2013, 01:26:22 PM
Quote from: Vigil on July 31, 2013, 01:24:16 PM
So we have to rebid? I am at work and having no way to bid. I thought this was going to start at 8:00 pm est. The plans have changed so many times. Do I need to just bid at .001 or higher?

only at .001, and as much as you can. only bid volumes count up till the cap, which is still unknown.

The amount of shares in the IPO remains at 7 million. Only the distribution percentage per investor varies with bid volume (this is how I understand it). Total share volume remains also unchanged at 10 million shares.

Don't understand what this means. Last night I bid 1000 shares at .001 for 1 BTC. What does this mean for me now?

It means that you will be included in the IPO. How many shares you get will be determined by how many people have bit at or above .001. All shares will be sold at .001.

If there are 20,000,000 shares on the orderbook at 4PM ET at or above .001, everyone will receive 35% of their number of shares on the order book at

20,000,000 on orderbook at or above .001
7,000,000 available shares
7,000,000 / 20,000,000 = .35

So, if you have an order for 1000, you will only receive 350 shares for BTC.35

That is ridiculous. That means there is no way for me to spend my 1 BTC to get my 1000 shares. I have never heard of anything this silly. Those who bid late shouldn't get to bid at all. That is how a real IPO works.


How am i bidding late??? They haven't been released yet! We've been told we can bid till a certain minute. Guess what, that minute is still a hour away.
God, the replies are totally insane. What a bunch of greedy assholes!
Because the bidding started very early this morning and 7,000,000 share bids were placed. You were too late - i.e., you weren't prepared to bid when the bidding started to secure shares. I was prepared and planned to get shares but now my shares are going to be cut in half because 1000s of people can now drop a bunch of coin to dilute my shares. IF I put 1 BTC in I should get 1BTC worth of shares not .5 BTC worth.

Since we can bid for another hour i have JUST AS MUCH RIGHTS as you do to these shares. Why do you act like that's not the case? Are you more special? Is your Bitcoin more special?
You're a greedy ass and don't want others to buy shares. That's what's going on.
oxfeeefeee
member
Activity: 73
Merit: 10
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 02:01:40 PM
#743
Quote from: ?? on ??
Quote
I had 1/3 confirmations on BTC-TC, and 13 in armory, now I don't show any in BTC-TC, where did those coins go?

https://blockchain.info/tx/c14f0743a1a8bbbfeb2817808a2fa1e748c1022bbd46c0155546c99120a0a361

Estimated Confirmation Time: 16 hours (queue position 2107)
Amount: 1,859.27594618 BTC
TX Fee too low!

 Roll Eyes

I'm with you, my deposit is also with yours in the same tx:)
superbit
hero member
Activity: 763
Merit: 500
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 02:00:51 PM
#742
Quote from: Vigil on July 31, 2013, 01:58:02 PM
Quote from: ShroomsKit on July 31, 2013, 01:51:54 PM
Quote from: Vigil on July 31, 2013, 01:45:47 PM
Quote from: twentyseventy on July 31, 2013, 01:37:47 PM
Quote from: Vigil on July 31, 2013, 01:33:39 PM
Quote from: TheSwede75 on July 31, 2013, 01:31:31 PM
Quote from: foxykah on July 31, 2013, 01:26:22 PM
Quote from: Vigil on July 31, 2013, 01:24:16 PM
So we have to rebid? I am at work and having no way to bid. I thought this was going to start at 8:00 pm est. The plans have changed so many times. Do I need to just bid at .001 or higher?

only at .001, and as much as you can. only bid volumes count up till the cap, which is still unknown.

The amount of shares in the IPO remains at 7 million. Only the distribution percentage per investor varies with bid volume (this is how I understand it). Total share volume remains also unchanged at 10 million shares.

Don't understand what this means. Last night I bid 1000 shares at .001 for 1 BTC. What does this mean for me now?

It means that you will be included in the IPO. How many shares you get will be determined by how many people have bit at or above .001. All shares will be sold at .001.

If there are 20,000,000 shares on the orderbook at 4PM ET at or above .001, everyone will receive 35% of their number of shares on the order book at

20,000,000 on orderbook at or above .001
7,000,000 available shares
7,000,000 / 20,000,000 = .35

So, if you have an order for 1000, you will only receive 350 shares for BTC.35

That is ridiculous. That means there is no way for me to spend my 1 BTC to get my 1000 shares. I have never heard of anything this silly. Those who bid late shouldn't get to bid at all. That is how a real IPO works.


How am i bidding late??? They haven't been released yet! We've been told we can bid till a certain minute. Guess what, that minute is still a hour away.
God, the replies are totally insane. What a bunch of greedy assholes!
Because the bidding started very early this morning and 7,000,000 share bids were placed. You were too late - i.e., you weren't prepared to bid when the bidding started to secure shares. I was prepared and planned to get shares but now my shares are going to be cut in half because 1000s of people can now drop a bunch of coin to dilute my shares. IF I put 1 BTC in I should get 1BTC worth of shares not .5 BTC worth.

Terrible logic, the asset issuer said they would give 16+ hours notice.  That never happened, because you happened to login closer to when the asset got approved doesn't make you more prepared, you just live in a better timezone in this case.
Ytterbium
full member
Activity: 238
Merit: 100
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 02:00:04 PM
#741
Quote from: ?? on ??
Quote
I had 1/3 confirmations on BTC-TC, and 13 in armory, now I don't show any in BTC-TC, where did those coins go?

https://blockchain.info/tx/c14f0743a1a8bbbfeb2817808a2fa1e748c1022bbd46c0155546c99120a0a361

Estimated Confirmation Time: 16 hours (queue position 2107)
Amount: 1,859.27594618 BTC
TX Fee too low!

 Roll Eyes

Almost $200k worth of BTC?  

See, this is what I'm talking about - people would vastly inflate the amount they wanted to buy.
Bitcycle
sr. member
Activity: 420
Merit: 250
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 01:59:06 PM
#740
Quote from: dexX7 on July 31, 2013, 01:56:14 PM
Quote from: JimiQ84 on July 31, 2013, 01:47:57 PM
7 000 000 shares will be sold for 0.001 a piece. Regardless of bid price

Yes. Only a percetage of those bids will be filled, but yet the orders and coins are on the book which will get a lock in about an hour. So I ask again: When and how will the excessive BTC be returned?

Making it easy-  Say I use 10 BTC in a bid for shares.  After the percentage calculation is done, say only 4 of those BTC will be used to purchase the IPO.

When can I safely reallocate those other 6 BTC without affecting my bid?

Do I need to leave them uselessly tied up until the the shares are actually allocated?

Or can I move them after the calculation is done?  Will I be informed when the calculation is done?

These are crucial questions and need to be answered definitively.
Vigil
sr. member
Activity: 378
Merit: 250
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 01:58:02 PM
#739
Quote from: ShroomsKit on July 31, 2013, 01:51:54 PM
Quote from: Vigil on July 31, 2013, 01:45:47 PM
Quote from: twentyseventy on July 31, 2013, 01:37:47 PM
Quote from: Vigil on July 31, 2013, 01:33:39 PM
Quote from: TheSwede75 on July 31, 2013, 01:31:31 PM
Quote from: foxykah on July 31, 2013, 01:26:22 PM
Quote from: Vigil on July 31, 2013, 01:24:16 PM
So we have to rebid? I am at work and having no way to bid. I thought this was going to start at 8:00 pm est. The plans have changed so many times. Do I need to just bid at .001 or higher?

only at .001, and as much as you can. only bid volumes count up till the cap, which is still unknown.

The amount of shares in the IPO remains at 7 million. Only the distribution percentage per investor varies with bid volume (this is how I understand it). Total share volume remains also unchanged at 10 million shares.

Don't understand what this means. Last night I bid 1000 shares at .001 for 1 BTC. What does this mean for me now?

It means that you will be included in the IPO. How many shares you get will be determined by how many people have bit at or above .001. All shares will be sold at .001.

If there are 20,000,000 shares on the orderbook at 4PM ET at or above .001, everyone will receive 35% of their number of shares on the order book at

20,000,000 on orderbook at or above .001
7,000,000 available shares
7,000,000 / 20,000,000 = .35

So, if you have an order for 1000, you will only receive 350 shares for BTC.35

That is ridiculous. That means there is no way for me to spend my 1 BTC to get my 1000 shares. I have never heard of anything this silly. Those who bid late shouldn't get to bid at all. That is how a real IPO works.


How am i bidding late??? They haven't been released yet! We've been told we can bid till a certain minute. Guess what, that minute is still a hour away.
God, the replies are totally insane. What a bunch of greedy assholes!
Because the bidding started very early this morning and 7,000,000 share bids were placed. You were too late - i.e., you weren't prepared to bid when the bidding started to secure shares. I was prepared and planned to get shares but now my shares are going to be cut in half because 1000s of people can now drop a bunch of coin to dilute my shares. IF I put 1 BTC in I should get 1BTC worth of shares not .5 BTC worth.
Ytterbium
full member
Activity: 238
Merit: 100
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 01:57:33 PM
#738
Quote from: ShroomsKit on July 31, 2013, 01:49:44 PM
I have no problem if they show up within a hour.
I do have a problem with the assholes on this forum acting like it's a good thing that i'm being cut off.

Whatever dude, if money was just flooding in people would place crazy bid amounts and people without massive amounts of BTC would get nothing.
limbaugh
legendary
Activity: 1311
Merit: 1000
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 01:57:30 PM
#737
Quote from: ShroomsKit on July 31, 2013, 01:54:50 PM

Snoozing? Losing?
Check you're clock! Maybe you have noticed that we can bid till a certain time and i am not too late.

Well put your bid up like everyone else. And follow securities forum and you won't be complaining an hour before the next IPO.
bitcoiner49er
sr. member
Activity: 457
Merit: 250
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 01:56:45 PM
#736
Quote from: ShroomsKit on July 31, 2013, 01:49:44 PM
Quote from: sveetsnelda on July 31, 2013, 01:45:24 PM
I've seen this happen before on BTC-TC.  I'm sure he'll get it sorted.  Stay calm.   Wink

I have no problem if they show up within a hour.
I do have a problem with the assholes on this forum acting like it's a good thing that i'm being cut off.

It's a good thing for those trying to INCREASE their bids. Once again; does not apply to you. (Or so you say.)
dexX7
legendary
Activity: 1106
Merit: 1026
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 01:56:14 PM
#735
Quote from: JimiQ84 on July 31, 2013, 01:47:57 PM
7 000 000 shares will be sold for 0.001 a piece. Regardless of bid price

Yes. Only a percetage of those bids will be filled, but yet the orders and coins are on the book which will get a lock in about an hour. So I ask again: When and how will the excessive BTC be returned?
ShroomsKit
hero member
Activity: 672
Merit: 500
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 01:54:50 PM
#734
Quote from: limbaugh on July 31, 2013, 01:49:17 PM
Quote from: ShroomsKit on July 31, 2013, 01:47:06 PM

I just found out about this ipo...a hour ago...i quickly did some reading and decided to send some coins. (i found out because i noticed all the other shares were down and i was trying to figure out the reason)
Sorry, i rarely visit this sub forum. I'm late. So what? They told us till what exact minute we can buy and i should be allowed to buy (bid) till that exact minute!

You people are complete asses. You laugh at me because i'm cut off from bidding. How sick is that?

You snooze you loose? But seriously he never mentioned holding deposits until the release of the shares, I wouldn't worry that's the case. Though it's a great idea.

Snoozing? Losing?
Check you're clock! Maybe you have noticed that we can bid till a certain time and i am not too late.
Vigil
sr. member
Activity: 378
Merit: 250
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 01:52:48 PM
#733
Quote from: twentyseventy on July 31, 2013, 01:48:06 PM
Quote from: Vigil on July 31, 2013, 01:45:47 PM
Quote from: twentyseventy on July 31, 2013, 01:37:47 PM
Quote from: Vigil on July 31, 2013, 01:33:39 PM
Quote from: TheSwede75 on July 31, 2013, 01:31:31 PM
Quote from: foxykah on July 31, 2013, 01:26:22 PM
Quote from: Vigil on July 31, 2013, 01:24:16 PM
So we have to rebid? I am at work and having no way to bid. I thought this was going to start at 8:00 pm est. The plans have changed so many times. Do I need to just bid at .001 or higher?

only at .001, and as much as you can. only bid volumes count up till the cap, which is still unknown.

The amount of shares in the IPO remains at 7 million. Only the distribution percentage per investor varies with bid volume (this is how I understand it). Total share volume remains also unchanged at 10 million shares.

Don't understand what this means. Last night I bid 1000 shares at .001 for 1 BTC. What does this mean for me now?

It means that you will be included in the IPO. How many shares you get will be determined by how many people have bit at or above .001. All shares will be sold at .001.

If there are 20,000,000 shares on the orderbook at 4PM ET at or above .001, everyone will receive 35% of their number of shares on the order book at

20,000,000 on orderbook at or above .001
7,000,000 available shares
7,000,000 / 20,000,000 = .35

So, if you have an order for 1000, you will only receive 350 shares for BTC.35

That is ridiculous. That means there is no way for me to spend my 1 BTC to get my 1000 shares. I have never heard of anything this silly. Those who bid late shouldn't get to bid at all. That is how a real IPO works.

If it makes you feel any better, they could have just released it to market price and you wouldn't have gotten any shares for .001. Bid was already up to a minimum of about .001020 and slowly increasing...

That would have been fine. I could have increased the bid price and only reduced the shares by a few. Or just sold 7000000 shares at .001 - first come, first serve. Now last minute cadres can come in when it is too late for people like me to make any moves and secure the near 1000 shares I made sure to reserve.
afrotec
full member
Activity: 127
Merit: 100
Coinnoisseur
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 01:52:42 PM
#732
Quote from: Vigil on July 31, 2013, 01:45:47 PM
That is ridiculous. That means there is no way for me to spend my 1 BTC to get my 1000 shares. I have never heard of anything this silly. Those who bid late shouldn't get to bid at all. That is how a real IPO works.

It's almost as if there's a group of people who's job it is to make rules for these real IPO's....

OH YEAH,
the SEC
 Roll Eyes
neilol
sr. member
Activity: 302
Merit: 250
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 01:52:06 PM
#731
Quote from: sveetsnelda on July 31, 2013, 01:45:24 PM
I've seen this happen before on BTC-TC.  I'm sure he'll get it sorted.  Stay calm.   Wink

It's whether it gets sorted before the cutoff  Wink
ShroomsKit
hero member
Activity: 672
Merit: 500
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 01:51:54 PM
#730
Quote from: Vigil on July 31, 2013, 01:45:47 PM
Quote from: twentyseventy on July 31, 2013, 01:37:47 PM
Quote from: Vigil on July 31, 2013, 01:33:39 PM
Quote from: TheSwede75 on July 31, 2013, 01:31:31 PM
Quote from: foxykah on July 31, 2013, 01:26:22 PM
Quote from: Vigil on July 31, 2013, 01:24:16 PM
So we have to rebid? I am at work and having no way to bid. I thought this was going to start at 8:00 pm est. The plans have changed so many times. Do I need to just bid at .001 or higher?

only at .001, and as much as you can. only bid volumes count up till the cap, which is still unknown.

The amount of shares in the IPO remains at 7 million. Only the distribution percentage per investor varies with bid volume (this is how I understand it). Total share volume remains also unchanged at 10 million shares.

Don't understand what this means. Last night I bid 1000 shares at .001 for 1 BTC. What does this mean for me now?

It means that you will be included in the IPO. How many shares you get will be determined by how many people have bit at or above .001. All shares will be sold at .001.

If there are 20,000,000 shares on the orderbook at 4PM ET at or above .001, everyone will receive 35% of their number of shares on the order book at

20,000,000 on orderbook at or above .001
7,000,000 available shares
7,000,000 / 20,000,000 = .35

So, if you have an order for 1000, you will only receive 350 shares for BTC.35

That is ridiculous. That means there is no way for me to spend my 1 BTC to get my 1000 shares. I have never heard of anything this silly. Those who bid late shouldn't get to bid at all. That is how a real IPO works.


How am i bidding late??? They haven't been released yet! We've been told we can bid till a certain minute. Guess what, that minute is still a hour away.
God, the replies are totally insane. What a bunch of greedy assholes!
MPOE-PR
hero member
Activity: 756
Merit: 522
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 01:51:45 PM
#729
Ytterbium
full member
Activity: 238
Merit: 100
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 01:50:31 PM
#728
My bitcoin client is listing the transfer as 'unconfirmed (4 of 6 confirmations)'

I'm only increasing my order by 20% to try to get at least half my initial order. Oh well.

We should all at least get 1/3rd what we initially ordered.
camu6
full member
Activity: 158
Merit: 100
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
July 31, 2013, 01:50:26 PM
#727
Quote from: limbaugh on July 31, 2013, 01:43:27 PM
Quote from: ShroomsKit on July 31, 2013, 01:42:13 PM

If he is seriously blocking people from sending coins then that is seriously messed up.
I want to buy shares just like the rest of you. I'm allowed to buy shares for 1.5 hours and he is stopping me.

I seriously doubt this is the case, but you had plenty of time to prepare for the IPO.

There is a deadline for a reason. You people are just enjoying this because you already bought your shares. Imho time should be added to the IPO launch deadline until this problem (i hope it is not done deliberately) is fixed.
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