[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 88.

JohnyBigs

sr. member

Activity: 560

Merit: 250

Quote from: velacreations on September 30, 2013, 05:28:04 PM

Quote from: zumzero on September 30, 2013, 05:22:42 PM

This is absolutely true. Look, at the end of the day Labcoin Sam told us what the issues are and what is being done about it. It's clearly not a scam and people, I believe, are opening their eyes to that.

It clearly IS a scam. He gives you a whole list of new promises to string you along, and the deadlines are all AFTER THE EXCHANGE CLOSES, so you can't dump your shares.

Do you have his ID? any personal information? How about a way to contact him? verification that he has the chips?

How about those guarantees he gave, are they legally binding? If so, how so?

So, what do you have? nothing

It's all promises from an Italian scammer lol, please make sure you don't sell your shares now, but sell them for a 70% loss to keep things in normal operation for LAbcoin

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: ?? on ??

No, I didn't make it up. theymos can confirm it for you.
Anyway you are free to carry on with your business, if you think this is a winner nobody can take that away from you Kiss

I would like very much to see a confirmation of that. If confirmed, all the other discussions become moot, there can not be a shred of doubt this being a scam.

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: zumzero on September 30, 2013, 05:22:42 PM

This is absolutely true. Look, at the end of the day Labcoin Sam told us what the issues are and what is being done about it. It's clearly not a scam and people, I believe, are opening their eyes to that.

It clearly IS a scam. He gives you a whole list of new promises to string you along, and the deadlines are all AFTER THE EXCHANGE CLOSES, so you can't dump your shares.

Do you have his ID? any personal information? How about a way to contact him? verification that he has the chips?

How about those guarantees he gave, are they legally binding? If so, how so?

So, what do you have? nothing

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: zumzero on September 30, 2013, 05:22:42 PM

Quote from: TMAN on September 30, 2013, 04:57:37 PM

Quote from: abuelau on September 30, 2013, 04:55:29 PM

Ok... my take is that lots of promises were made but he couldn't deliver. On purpose? Maybe yes, maybe not. If you look at other ASIC companies they ALL had issues and delays too.

The reason for the poor communication and poor management? It's a SINGLE guy doing Labcoin as a side project. Is it wrong to do this as a side project? Maybe yes, maybe not.

Lots of promises were made... but the guy did show up. Late as usual, but he did.

So my veredict? I think before the chat there was a 5% chance of Labcoin turning things around, that chance is now 15%. But that's my opinion of course.

I think its more like 50%, the guy is going to send kit to the 7, he is willing to take on a board of shareholders & if he cant fix the issue through outsourcing he will reach out to the community, im buying more - Fuck it, 20TH is worth 5 X what we are @ now

This is absolutely true. Look, at the end of the day Labcoin Sam told us what the issues are and what is being done about it. It's clearly not a scam and people, I believe, are opening their eyes to that.

20TH/s is on the menu and I'm hungry! Grin

So all that was produced was TALK?

And now it's not a scam?

Sorry I can't follow that logic.

JohnyBigs

sr. member

Activity: 560

Merit: 250

The funny thing is all those promises in the Q/A will be forgotten or completely ignored lol, this thing is going to plunge so hard before BTCT closing lol.

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: zumzero on September 30, 2013, 05:16:41 PM

He has not broken any promises as he hasn't made any promises. To do that you need to say, 'I promise...'.

here's one:

Quote from: labcoin on September 12, 2013, 07:25:44 AM

We promise pictures of some boards mining will be up for this weekend.

and what about these?

Quote from: labcoin on September 09, 2013, 03:01:09 PM

The website will be updated this week in order to show our live hashing rate

Quote from: labcoin on September 09, 2013, 03:11:36 PM

We're mining in solo mode but live hashrate will be shown on our website next week.

Quote from: labcoin on September 09, 2013, 03:47:21 PM

we will deploy the same mechanism ASICMINER uses for signing found blocks and publish them on our website.

Quote from: labcoin on September 12, 2013, 07:12:52 AM

We will post board picture and more within the weekend, and as soon as we reach 10 TH of deployed hardware block labeling will be mirrored on the site with other stats like speed, etc.

Quote from: labcoin on September 12, 2013, 07:25:44 AM

We promise pictures of some boards mining will be up for this weekend.

Quote from: labcoin on September 12, 2013, 07:51:31 AM

We do not have 10 TH of chips out of nowhere, we said that we will setup block labeling as soon as we reach that speed, which could be on the first days of october, so in "about" two weeks, or mid october.

Quote from: labcoin on September 13, 2013, 10:07:33 PM

The next update will include a mining address as well.

Quote from: labcoin on September 14, 2013, 12:19:12 PM

Next proof to be posted will be mining address, clearly showing the rate of blocks creation.

Quote from: labcoin on September 15, 2013, 12:50:47 PM

Mining address will be posted publicly before Wednesday. This will allow transparent monitoring of the hashing rate and block generation.

Quote from: labcoin on September 09, 2013, 04:12:39 PM

First dividend payment is due on tuesday 17 September

Quote from: labcoin on September 14, 2013, 12:16:59 PM

We haven't failed to deliver, the fact that we aren't posting more pictures isn't proof that we are not mining. We are indeed mining but there are issues to solved before we get to labeling blocks, as we said.

Quote from: labcoin on September 17, 2013, 03:46:44 PM

Dividend day was previously miscalculated, i apologize, expect the first payment on Tue 24/9 and mining address proof in less than 24 hours as promised.

Quote from: TheSwede75 on September 18, 2013, 05:12:45 PM

Of course anyone can create and sign an address, I do not expect this to do anything until the point that mining starts.

Quote from: labcoin on September 14, 2013, 12:10:45 PM

we advise anyone to purchase more shares now that they are cheap.

Quote from: labcoin on September 14, 2013, 12:16:59 PM

We haven't failed to deliver, the fact that we aren't posting more pictures isn't proof that we are not mining.
We are indeed mining but there are issues to solved before we get to labeling blocks, as we said.

Quote from: TheSwede75 on September 21, 2013, 08:53:18 PM

According to Sam, more hash rate will be deployed daily.

Quote from: TheSwede75 on September 21, 2013, 09:25:48 PM

Even though I don't like making promises but Sam has assured me that 20TH is a goal that will not be missed within 2 weeks.

Quote from: labcoin on September 26, 2013, 07:54:53 AM

Hashing rate will be visible again on the pool in about one hour, we are having again stability issue, working on that.
Again,we remind everyone that we will bring online about 20 TH within October.

JohnyBigs

sr. member

Activity: 560

Merit: 250

So Q/A complete fail lmfao, just wow. We have nothing, 20K chips send to third party people. What ever happened to the 100K chips they ordered? they only have 20k broken chips lol. Sorry we are so retarded that we don't test the chips before we package them WTF??

Why you never invest in businesses run by italians, shady, take 5 hour breaks during the day, lazy, and miss deadlines

kingcrimson

legendary

Activity: 1025

Merit: 1000

Quote from: ronaldlee0917 on September 30, 2013, 05:14:00 PM

Any chance Fabrizio Tatti = Samuel Noi?
Both are Italians, both live and work in Shenzhen, China.

We now have direct evidence that Fabrizio = Sam

(who are you?)
[02:17] (I am) Fabrizio Tatti
[02:19] ...here I am writing, but with the name of the nominee director that I took the company in Hong Kong
translation: I am posing as the nominee director (listed as Sam Noi)
[02:20] because I want to avoid direct exposure, various risks, etc.
[02:20] in any case then I answer it legally
[02:20] for anything, even if there is a nominee director
[02:21] my name came up in the thread anyway
[02:21] + forward
[02:21] but it was obvious, however, the intention is not to hide, but avoid direct exposure

We have direct evidence Alessia operated the Labcoin account.
The Alberto Armandi connection is circumstantial but he is the Tatti's brother in law and operated a major bitcoin scam. Where there is smoke, there's fire.

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Quote from: TMAN on September 30, 2013, 04:57:37 PM

Quote from: abuelau on September 30, 2013, 04:55:29 PM

Ok... my take is that lots of promises were made but he couldn't deliver. On purpose? Maybe yes, maybe not. If you look at other ASIC companies they ALL had issues and delays too.

The reason for the poor communication and poor management? It's a SINGLE guy doing Labcoin as a side project. Is it wrong to do this as a side project? Maybe yes, maybe not.

Lots of promises were made... but the guy did show up. Late as usual, but he did.

So my veredict? I think before the chat there was a 5% chance of Labcoin turning things around, that chance is now 15%. But that's my opinion of course.

I think its more like 50%, the guy is going to send kit to the 7, he is willing to take on a board of shareholders & if he cant fix the issue through outsourcing he will reach out to the community, im buying more - Fuck it, 20TH is worth 5 X what we are @ now

This is absolutely true. Look, at the end of the day Labcoin Sam told us what the issues are and what is being done about it. It's clearly not a scam and people, I believe, are opening their eyes to that.

20TH/s is on the menu and I'm hungry! Grin

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: Ytterbium on September 30, 2013, 05:15:53 PM

Quote from: pedrog on September 30, 2013, 05:14:23 PM

Quote from: Puppet on September 30, 2013, 05:05:18 PM

Quote from: ?? on ??

another bullshit QA session, how to even begin dissecting that mess? Grin

connecting from anonymizer in taiwan, switzerland, here is uncloaked IP of labcoin user

Code:

IP:151.47.55.164
Header:	Mozilla/5.0 (Macintosh; Intel Mac OS X 10_7_4) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/29.0.1547.76 Safari/537.36
City: Treviso, Veneto, Italy
Provider:Wind Telecomunicazioni S.p.a 
Lat: 42.8333
Long:12.8333
Host: adsl-ull-164-55.47-151.net24.it

Elaborate?

Please!

How did you got that information?

Simple, he made it up. His IP was 31.7.62.91 - and he wasn't using the web interface, so there wouldn't be any reason for browser information to show up. The IP was swiss, btw.

Yes, my thoughts also.

Another troll to ignore...

sveetsnelda

hero member

Activity: 642

Merit: 500

Quote from: camu6 on September 30, 2013, 05:11:49 PM

Well, he used the speculations in this thread to fill his answers. That's pretty smart. But still a shitload of fuckups.

[22:16] <@radiumsoup> what is the current hashrate that you saw the last time you looked?
[22:16] <+labcoin__> 0.680 th

[23:04] [ Estimated hashrate between the last 25 deposits <384.42 GH/sec> ]
[23:04] [ Mining 1.57657557 over 1 day, 6 hours at 148819200 difficulty ]
[23:04] [ Team 'labcoin' not in the top 25 at BTCGuild page ]

To be fair, BTCGuild has been getting destroyed with DDOS attacks for the last 18-19ish hours. (I mine there). If they're pointing those miners at any of the public servers, they're hosed.

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Quote from: velacreations on September 30, 2013, 05:09:09 PM

Quote from: zumzero on September 30, 2013, 04:16:10 PM

So hardware incoming before 16th October and a guarantee to repay over 50% of ipo price should project fail, which is >0.0005.

This means that the minimal value for these shares should be >0.0005 so they are currently undervalued.

Shouldn't be too long before the market catches up to this great news.

Decent divs by the middle of October means the project is pressing ahead with or without the naysayers.

where is that in writing with 3rd party verification? How many promises has this guy broken already, and you expect him to give you a refund AFTER the exchange closes? HA!

There is no 3rd party verification because the guy only recently posted that information and wasn't asked to have it verified by a third party. Your question was a bit silly.

He has not broken any promises as he hasn't made any promises. To do that you need to say, 'I promise...'. Another silly question I'm afraid.

I don't expect him to give any refunds as I agree with him that this project will not turn out to be a failure. Your last question was a little better.

On the whole, I'm glad you didn't ask the questions as you are not very good at them.

Ytterbium

full member

Activity: 238

Merit: 100

Quote from: pedrog on September 30, 2013, 05:14:23 PM

Quote from: Puppet on September 30, 2013, 05:05:18 PM

Quote from: ?? on ??

another bullshit QA session, how to even begin dissecting that mess? Grin

connecting from anonymizer in taiwan, switzerland, here is uncloaked IP of labcoin user

Code:

IP:151.47.55.164
Header:	Mozilla/5.0 (Macintosh; Intel Mac OS X 10_7_4) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/29.0.1547.76 Safari/537.36
City: Treviso, Veneto, Italy
Provider:Wind Telecomunicazioni S.p.a 
Lat: 42.8333
Long:12.8333
Host: adsl-ull-164-55.47-151.net24.it

Elaborate?

Please!

How did you got that information?

Simple, he made it up. His IP was 31.7.62.91 - and he wasn't using the web interface, so there wouldn't be any reason for browser information to show up. The IP was swiss, btw.

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: Puppet on September 30, 2013, 05:05:18 PM

Quote from: ?? on ??

another bullshit QA session, how to even begin dissecting that mess? Grin

connecting from anonymizer in taiwan, switzerland, here is uncloaked IP of labcoin user

Code:

IP:151.47.55.164
Header:	Mozilla/5.0 (Macintosh; Intel Mac OS X 10_7_4) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/29.0.1547.76 Safari/537.36
City: Treviso, Veneto, Italy
Provider:Wind Telecomunicazioni S.p.a 
Lat: 42.8333
Long:12.8333
Host: adsl-ull-164-55.47-151.net24.it

Elaborate?

Please!

How did you got that information?

ronaldlee0917

full member

Activity: 238

Merit: 100

Any chance Fabrizio Tatti = Samuel Noi?
Both are Italians, both live and work in Shenzhen, China.

camu6

full member

Activity: 158

Merit: 100

Well, he used the speculations in this thread to fill his answers. That's pretty smart. But still a shitload of fuckups.

[22:16] <@radiumsoup> what is the current hashrate that you saw the last time you looked?
[22:16] <+labcoin__> 0.680 th

[23:04] [ Estimated hashrate between the last 25 deposits <384.42 GH/sec> ]
[23:04] [ Mining 1.57657557 over 1 day, 6 hours at 148819200 difficulty ]
[23:04] [ Team 'labcoin' not in the top 25 at BTCGuild page ]

crumbs

full member

Activity: 210

Merit: 100

Quote from: ft73 on September 30, 2013, 04:56:01 PM

Samuele Noi.

Consider that about 3 people having a phone number in Italy have surname "Noi" (http://www.paginebianche.it/persone?qs=noi&dv=).
Pretty uncommon, isn't it?

That name sounds just plain fake.

Tinfoilery lesson:

Samnoi -- Phonetic spelling of Russian word "with me"
Noi -- Italian for "we," "us"
Sam -- sounds like "Some"

OoOoohhh Shocked

/hides

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: zumzero on September 30, 2013, 04:16:10 PM

So hardware incoming before 16th October and a guarantee to repay over 50% of ipo price should project fail, which is >0.0005.

This means that the minimal value for these shares should be >0.0005 so they are currently undervalued.

Shouldn't be too long before the market catches up to this great news.

Decent divs by the middle of October means the project is pressing ahead with or without the naysayers.

where is that in writing with 3rd party verification? How many promises has this guy broken already, and you expect him to give you a refund AFTER the exchange closes? HA!

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: ?? on ??

another bullshit QA session, how to even begin dissecting that mess? Grin

connecting from anonymizer in taiwan, switzerland, here is uncloaked IP of labcoin user

Code:

IP:151.47.55.164
Header:	Mozilla/5.0 (Macintosh; Intel Mac OS X 10_7_4) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/29.0.1547.76 Safari/537.36
City: Treviso, Veneto, Italy
Provider:Wind Telecomunicazioni S.p.a 
Lat: 42.8333
Long:12.8333
Host: adsl-ull-164-55.47-151.net24.it

Elaborate?

bitrich

member

Activity: 109

Merit: 10

Ive already said there is no point in selling now for me, Im going to wait it out. I'm feeling alot better about the situation now. Now if labcoin will continue to communicate and rebuild the relationship with shareholders they could keep the FUD at bay.

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 88. (Read 1079974 times)