Maybe Labcoin can pick up the torch and run with it. Doubtful...
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The whale wanted exactly the number of shares needed to clean the plate, and happened to do it at the last minute. What an amazing coincidence.
Yep, and sold at a discount to ensure a nice profit when they dump on the poor saps that pay .0015.
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It's only been out for 2 hours an it's already at 40k blocks? He released it to a select few before the public - READ premine. His cronies have the lion's share now, what a sham.
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Can they ban IceBreaker? Why is he here other than to troll and mock everyone? It doesn't make sense. This is a serious venture and he is polluting this topic with trolling. This isn't world of warcraft man. If it is some ironic joke, well some of us have put real $$ in this and aren't here for fun and games.
Who cares what iCEBREAKER says. He was obviously attempting to instill fear in the weak handed among us and it worked to some extent. But he is right about the competition, ActM is in a much more difficult situation than it was 2 weeks ago. I am willing to argue it is a distant third in the unproven public chip developers race.
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Let's assume for a second that the VC investment in Avalon is true.
Wouldn't that mean that BTCGARDEN is worth more, not less? The panic selling only makes sense if the company isn't well positioned. Of the companies competing in this space, Asicminer has the best shot at competing due to their current market position/experience and capital. They however are already highly valued and investment in them at the current time has a limited upside.
BTCGARDEN I believe are next in line of those companies able to realistically compete in a meaningful way. Now that they've raised the 3 million from the IPO, there really isn't anything in their way in delivering on their plan. The upside for us of course is that there is a huge potential upside from the current value.
After all, any one company can only control ~35%-~40% or it becomes self defeating.
Thoughts?
No preorder obligations, plenty of funding, and solid business plan. Hands down the best chance of success.
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LiteCoin Update We hate to apologize yet again for the delay in implementing Litecoin, but the fact of the matter is that it depends on a variety of factors, including completing all of the above before we launch. We're looking forward to the rollout, but at this point are reluctant to speculate on when. We are sorry to keep Litecoin enthusiasts hanging. copy & paste from https://www.mtgox.com/press_release_20130805.htmlI can see the new guys falling for this but the smart old timers moved on many moons ago.
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Unless I really study this $200 million business plan then I'm not that worried. ASICMiner is valued at $160 mill and these securities were poised to realistically compete with ASICMiner. You all studied the model and business plan for these businesses, right? That is what matters. Don't get scared by the "$200 mill" number. Throwing a bunch of money at something blindly almost never works out.
It's not blind when you invest in one of the only successful producers in the sector.
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LOL there are going to be some Labcoin bagholders. No one is buying..
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The 28nm pool is getting crowded!
Avalon story is now on the Wall Street Journal. "Famed Trader Joe Lewis Backs Bitcoin" The party is over folks.
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This could be then end of startups without massive funding. The current unproven startups don't stand a chance if this is true.
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Well if he pulls that off, it's over for the pretenders on BTCTC.
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These ipo's are reminding me of the new alt-coin every hour nonsense a few weeks back in the alternate cryptocurrencies forum. Those damn scam coins showed just how greedy people can get over things like this.
It's not even close to being that bad. But it's coming if Labcoin skyrockets....
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And some of those who did get their shares should be ashamed of their reactions to those who lost out without doing anything wrong. Your greed and attitude is disgusting!
First butthurt post in awhile. Hopefully it's over..
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So it looks like ~40% of share bid accepted?
Yep, better than I thought it was going to be.
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Yeah I'm pissed off - and actually, I'm pretty bloody entitled to be pissed off.
Are you? Or is it just faux outrage because talking down the stock didn't work? You've been dyspeptic since your first post in this thread. Hand on heart, indeed. 1. 11 year old technology 2. 130nm chips will not mine at a profit within 5-8 months 3. 130nm chips coming online at the same time as 28nm chips from two other suppliers 4. 65nm chips due to be developed in 2014.... when 28nm chips are already on the market, as well as bulk 65nm chips 5. Not hashing until they can get their own hardware online (it took BFL 12+ months) 6. F*d up the IPO and pissed off potential investors before they even started....
remind me, why are people investing in this ipo?
I think BTC IPO's are a bubble... a massive massive bubble. The idea that people are prepared to buy this shit illustrates that fact completely.
Hand on heart - this one is not for me. For the reasons above.
Lol, and to think he is going to miss the ground floor. It hurts...
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So are we good, number of shares are correct?
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srsly guys, just wait for the first dumper to get your cheap shares.
They will likely never be anywhere near this cheap again. Nope and those of us that have been following and support Labcoin will be rewarded. It's going to be fun!
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I tried to put in a bid for 100,000 shares to profit on what will be a major frenzy, and this cluster fuck of retardedness has cost me money plain and simple.
I am sure that those of us that have been following and support Labcoin are disappointed you will be unable to dump 100,000 shares on us.
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You are a douche - if you're happy, why trolling around?
Spam control buddy, you are a repeat offender.
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Hi Burnside,
How are we (those of us who's Bitcoins didn't go through) going to get our shares?
Thanks for answering.
Lol, this guy is persistent. Hopefully this spam will end at 9pm EST.
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