Creating an account on Crypto stocks does not seem to work...
It might be easier to just go ahead and list a security there. They don't even require you to verify your email address. |
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A few weeks ago, I would have agreed. But at this point, the sunk cost fallacy does not apply. Why? Because the fallacy implies you are stuck in a runt, with all previous investment already gone. Here, we still have shares, and today we know that we have been recieving dividends at a steady rate. Sure, there is still doubt surrounding the validity of this project/investment, but until it goes bust/is proven a scam/does not yield dividends, it is not, per definition, sunk cost. yeah i'd have to agree. my purchase is actually going fine. for anyone that bought in at .0002 wouldn't be at that state. the divs are coming in fast. On the other hand if your still holding from .002-.004 it obviously applies both you guys apparently missed the point that the sunk cost fallacy post was in response to the following, and was not meant to apply to anyone who has bought at current levels: At this point, if someone has suffered a paper 90% loss, why not hold on and see if a rabbit does indeed pop up? |
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Well, at least for you Labcoin is good business and we're all very happy for you.
No, trading Labcoin is (was) good business. But that nice return was for a very small investment, unfortunately. |
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they're stubborn either because they've given up hope altogether and have written off their losses, or because they know there's an artificial floor propping the price up for them, and as long as they see bids on the book, they know they have someone else to give their bag to when they get really desperate. (The third alternative is they think Sam's going to pull a rabbit out of his hat in the third act.)
Actually, I'm still holding shares because I am getting an amazing dividend percent after buying dirt cheap when some of my ultra-low bids I placed on btct.co got filled at during the panic sell at the end. Seriously, a few more weeks and I'll have my entire purchase cost of 2 btc paid for. Relevant part bolded. These dividends cannot be sustained without IMMEDIATE action by Sam to increase hashrate by 30%+ per week. By the way, (since getting back in at cryptostocks using just a little tip money) I've made over 300% flipping this (which I promptly withdrew to throw at a few more low-hanging AM shares). But no way in hell I'm buying more with the current state of things. Labcoin is so far behind the curve of broken promises, it's laughable. |
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<snip>
The only reason it's priced where it is likely due to the inability to set asks and bid prices with more then 4 decimal places on Cryptostocks.
I don't buy into this fully. There are plenty of people that are just stubbornly holding onto their shares - if there weren't we would see plenty more sells at .0002 or .0001. they're stubborn either because they've given up hope altogether and have written off their losses, or because they know there's an artificial floor propping the price up for them, and as long as they see bids on the book, they know they have someone else to give their bag to when they get really desperate. (The third alternative is they think Sam's going to pull a rabbit out of his hat in the third act.) |
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Yeah, but ASICMiner is valued based on future expected growth. Supposedly they have a 40nm chip on the way. You can buy pure hashrate on cex.io. at 0.0998 BTC/Gh. If you valued labcoin on pure Gh/s it would only be worth 0.000099. They really do need to hit their target of 50Th/s by the end of the month to justify their price. And realistically, they still need to hit 500TH/s by the end of the year to have any realistic chance of having any value.
The only reason it's priced where it is likely due to the inability to set asks and bid prices with more then 4 decimal places on Cryptostocks.
This, exactly this, and many times over. |
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Though one cant do endless buy hashpower since the remaining bitcoins are limited. But of course it might be a way to buy time. Either to run away and destroy traces or in the hope to finally build something.
Exactly  |
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What's that on the floor in the second picture? Sand?  Looks like a chicken farm to me  sketchiest setup I've seen yet... but if it's not broken, don't fix it, I guess |
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Well the 600 GH/s on Eligius is the older fake mining provided by their Avalons.
The others are bought on cex.io.
NB: This is based on no evidence, and thus is FUD. Since it seems no one here understand what FUD is, I'm starting to teach you how to internet.
How do you explain 3TH spikes on eligius? If I were cynical, I'd explain it by saing you could buy some ASIC hardware, hash for a few days while jumping between two accounts (one for labcoin and one for your pocket) in order to feign problems with the pool, pretend to need to move to an "asic-ready" pool like ghash.io that doesn't have public hashrate transparency, sell the hardware at a profit, buy hashrate from cex.io, and pay dividends from the purchased hashrate. If I were cynical. |
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Gee, good point. Did Pirate hire you yet to chair his legal defense team?
ad hominem? That wasn't an ad hominem. That wasn't even any sort of argument at all, making categorization of the logical form irrelevant. It was just a sarcastic quip. "Your assertion that 'Bitcoin is special because not every computer program is Bitcoin' is flawed because you're nearsighted and your body odor is offensive enough that simply posting on this board leaves readers half a world away in tears" would be an example of an ad hominem. |
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if there's no stats api or other method for publicly sharing hashrate, people won't like ghash.io.
There is. You can set up read-only users. Can you provide some specific instructions for this? I don't see it on the ghash.io account I just created. |
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(really big image)
if there's no stats api or other method for publicly sharing hashrate, people won't like ghash.io. are you sure the problem is with eligius and not with networking or software/firmware timeouts? |
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I thought that the chips to be delivered in October was a batch of 100,000 chips. Was the 100,000 chips never actually ordered?
In the last IRC Q&A, he indicated there were 20,000 chips on hand. Don't know why there is a discrepancy, presumably these were "sample" chips and the full order was never placed after it was apparent there were thermal issues with the package. That seems to me like an awful lot of chips for a sample, though. *shrug* |
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"You're rich, and I demand you give away a valuable asset instead of selling it because I want what you have but am unable to create a viable competing product."
Yeah, makes sense.
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Anyone have any theories as to what "Sam" had to gain by making up another empty promise? I could understand when the shares were trading, but with no price to pump at this time, what's the point of lying again? What was he trying to gain??
Schadenfreude? Can you stop trying so hard to sound intellectually complex and tell me what you just said? Is this any clearer? an easy to understand definition of Schadenfreude |
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when did this recently change??? who's got the authority???
1.) A day or two ago. 2.) Anyone with access to log in to the btct account. "Sam", Fabrizio, the hobo who lives under the bridge at the park... who knows. |
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fair 'nuff, thanks for the clarification. If you do open another fund, please post here with a link to the new thread (assuming you open a new fund and announce on a new thread) because I don't want to miss it |
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yeah, I saw that when it was posted on btct - I read it as ambiguous with the phrase "In the absence of a credible platform for enabling participants to enter and exit the fund at will, I will plan to close the fund...". I take this to mean that he would close the fund unless an alternative came up, and had already started the process (but had not finished.) I was asking if there was an identified alternative yet, or if that tack had been completely abandoned in favor of closing.
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any update on the future of the fund? Relist? Shutdown?
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