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1321  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 03:07:47 PM
And if they are not hashing, they are not hashing?!! so whats the problem? Go invest in ASICMINER; get lost!

I'm going to stay right here.

And say it again-

They are not hashing. They have nothing online.

They do not have an assembled board.

But you admit that you think the boards and chips are legit?
1322  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 02:58:40 PM


As a rational person, the next logical step would be to assemble that hardware to mine with

Yes. And since they haven't done so, the logical conclusion is that they lack the ability to do so.


They claim to be hashing with 2 Th/s and you have no evidence to prove otherwise, just an opinion. An opinion based on ignoring the fact that those missing chips are likely mining away right now.  Cheesy
1323  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 02:51:22 PM

If they had an assembled board they would have shown a picture of it.

It's very, very simple.

They don't have one.

Explain the missing chips in the picture below:



Explain the missing photo of an assembled board.

That's easy. They never took such a photo. Now explain the missing chips.

they unpacked them but what does this proof? your ignorance is great, buddy.

Well, now you admit that the hardware exists, we can progress.

As a rational person, the next logical step would be to assemble that hardware to mine with, which if you think about it, is the most plausible explanation for chips being missing from the tray. With that in mind, it lends supports to the claim that Labcoin are mining with 2 Th/s.

Each tray holds 160 chips by my count and it's highly probable that Labcoin have more than a single tray.
1324  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 02:42:11 PM

If they had an assembled board they would have shown a picture of it.

It's very, very simple.

They don't have one.

Explain the missing chips in the picture below:



Explain the missing photo of an assembled board.

That's easy. They never took such a photo. Now explain the missing chips.
1325  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 02:35:51 PM

If they had an assembled board they would have shown a picture of it.

It's very, very simple.

They don't have one.

Explain the missing chips in the picture below:

1326  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 02:31:12 PM
Can only go lower and lower

The only way it could go up is if they show proof of mining.

But they don't even have an assembled board...

 Sad

Notice how some of the chips are missing in the picture below?



I wonder what Labcoin could have possibly done with those chips?  It's a complete mystery!
1327  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 02:22:46 PM
What schedule is that?

They are absolutely NOT on schedule.



They were supposed to bring 4-5 Th/s online on the 10th of September

They currently have 0 TH/s and it's September 14.

I mean seriously, how hard is this to understand?

They have nothing online.

Zero.

0.



According to Labcoin, they have about 2 Th/s. That's the only "evidence" there is to go on. Your FUD is only relevant to scaring share holders into selling shares, it doesn't effect mining operations that may or may not exist.  Cheesy
1328  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 02:04:32 PM

 In fact, on the engineering side, from the updates we've had so far, Labcoin seem to be on schedule and possibly a bit ahead.

What schedule is that?

They are absolutely NOT on schedule.



They were supposed to bring 4-5 Th/s online on the 10th of September and around 50 Th/s in mid-October.
They claim they currently have 2 Th/s online and will be expanding to 20 Th/s over the next 20 days, with 50 Th/s coming in October, 100 Th/s in November and 500 Th/s by the end of the year.

I'd say that's on or ahead of schedule.
1329  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 01:31:44 PM
I can't believe I am hearing this crap at this point. If Labcoin had anything that they claimed it would be nothing to provide some real evidence. Nothing they have given us is verifiable. TheSwede75's recent statement regarding "once we get mining running..." was basically an admission that they are not mining. Not being able to provide pictures of completed boards and rigs is proof they are not hashing. Not being able to provide verifiable blocks is proof they are not hashing.

Lets assume your right? (not imho) and now? you sell? or already sold? whats next?
I already sold. At this point it about finishing Labcoin so that no one else gets hurt.

Labcoin already have the money so their success isn't dependant upon the share price. Ultimately, it depends on how their chips perform and the value they provide. We're about to find that out over the coming weeks.

They claim to currently have 2 Th/s and will be expanding to 20 Th/s in the next 20 days. They're not just bringing more hashing power online, they're also tweaking what's already running to optimise the whole system.

There's no proof whatsoever that they are not mining, just opinions. In fact, on the engineering side, from the updates we've had so far, Labcoin seem to be on schedule and possibly a bit ahead. When it has come to providing actual proof that would verify that Labcoin are in deed mining, Labcoin have failed miserably on that score. That is not proof that they're not hashing though, that's just proof of poor PR skills which I kind of expect from engineers anyway.

They've told us that this proof will be forthcoming over the next couple of weeks with the address being provided when mining is stabilised and around 10 TH/s.

Apart from the claimed good news about mining, what else has actually changed? The community has asked for specific things and has been told that those things will be provided within the next couple of weeks.

Sell all you want or buy all you want, it makes no difference to Labcoin. They'll keep bringing more hashing power online as they've already paid for the necessary hardware.
1330  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 12:36:39 PM
I'm bored as well.

This is worse than the Arabs and the Jews. Can't you two work this out through virtual counselling

There's nothing to work out. Zumzero is simply demented. He claims to be doing this to get revenge on me, despite me repeatedly telling him that I plan on selling in November and that he's just doing me a favour by spreading such FUD. The fact that he still wants revenge on me just proves he's FANATICAL, as described in the definition he just provided.

You can't come to compromises with fanatics.

But fella you are coming across as fanatical as the Taliban. No offence man but the pair of you are at it

Why? Because I'm asking people to stop posting blatant lies? To stop equating opinions with facts and to stop attributing those opinions to people that never even mentioned them?

If that makes me a fanatic, then I'm proud to be a fanatic. I'll leave the emotional based investing to the people who can't tell the difference between facts and opinions.

1331  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 12:23:57 PM
I'm bored as well.

This is worse than the Arabs and the Jews. Can't you two work this out through virtual counselling

There's nothing to work out. Zumzero is simply demented. He claims to be doing this to get revenge on me, despite me repeatedly telling him that I plan on selling in November and that he's just doing me a favour by spreading such FUD. The fact that he still wants revenge on me just proves he's FANATICAL, as described in the definition he just provided.

You can't come to compromises with fanatics.
1332  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 12:14:44 PM
how many failed countdown clocks will it take until Mab jumps ship?

No amount of countdown timers will make me jump ship, because I'm not a retard who bases my decisions on such nonsense, the ramblings of people spreading FUD or people who have confessed to be trying to get revenge on me, LOL.

Okay Captain,  you go down with her.  Cry

EDIT;  you brought your dirty tricks in to my space and started something you regret. LOL

So which one is it Mab?  I have an interest in Labcoin, or I'm out for revenge.  You seem confused.

I see no evidence of a sinking ship. All I see are people jumping overboard because the Captain said he was testing the engines.
1333  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 12:08:59 PM
Again, what part of that suggests that Labcoin are not mining with 2 Th/s? What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?

If you think Labcoin is mining with 2Th/s where are the block rewards going?

To an address. An address they have stated will be shared later with us. Does the fact that they refuse to share this address now, prove that Labcoin are not mining with 2 Th/s? Of course it doesn't.

Do people here not understand the difference between facts, rumours, speculation and evidence?

Facts, rumors, speculation and evidence are all things that move the market. You're making predictions about the likelihood of future events, and all of those things come into play.

Plus, if half of the "community" no longer trusts them, then the price is going to be a lot less then it otherwise would be come November when you were planning on selling.

It is interesting, that people are buying in constantly. I dont know, this is not even over yet..

Because, even if the risk has increased, the potential reward is still pretty high. Even if you thought there was a 90% chance of failure, it would make sense to invest a small chunk in hopes that 10% gets you better then a 10x return

I'm just calling people out for spreading blatant lies. Take for example Labcoin saying that they were doing some tweaking. That somehow became "Labcoin admits to lying about hashing with 2 TH/s". That's a blatant lie as Labcoin said no such thing.





If there is no dividend on monday everyone will pull out and it will go below IPO prices.


It might be smart to pull out right now and just wait until they pay a dividend. Why take a risk buying now when you can buy after they pay the dividend on monday with no risk?

Now is the time to sell.

My comment had nothing to do with buying or selling shares. It's about people spreading blatant lies.


People aren't lying Mab, they are reading between the lines and drawing logical conclusions.  This elaborate and sophisticated scam has been set up to suggest that those who are clever enough about seeing through the con and make, in my view, well founded accusations, are spreading fud and deceiving people.  Absolute nonsense.



Anyone claiming that Labcoin have admitted to lying about hashing, is telling lies. It's that simple. Labcoin have made no such claim.

Yes, I agree, but here is your problem.

People can be selective about what info and how much is released.  In Labcoin's case they may not have said that directly, as I believe it was N_S who first mentioned it last night, but by implication, it is true.  There is zero evidence to prove they are hashing.  Where is it?  Why would they not have posted that evidence last night?  It just doesn't add up.

Your whole defence of Labcoin rests on you calling out a fudster as having told a lie.  You keep banging on about this because it's all you've got.  If it goes away what are you left with?  I'll tell you; the cold harsh reality that this entire venture will end up in the courts and I'm pretty sure the case is being built as we speak.  Snap out of it guys!  It's like you've all been abducted by a cult or something.



You having zero evidence of LC hashing does not in any way prove that LC are not hashing. It is simply an opinion that they are not hashing, not a fact.

Like I said, I don't care about people spreading FUD. I do care about people spreading blatant lies though.
1334  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 11:58:17 AM
how many failed countdown clocks will it take until Mab jumps ship?

No amount of countdown timers will make me jump ship, because I'm not a retard who bases my decisions on such nonsense, the ramblings of people spreading FUD or people who have confessed to be trying to get revenge on me, LOL.
1335  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 11:52:06 AM
The only defense, used for this not being a scam, that I see in this thread is the one that Mab is spinning about this so called lie.

Weak.  Very, very weak.

Come on folks,  I said this last night and I'll say it again..

Labcoin knew EXACTLY what they had to do in terms of providing proof/evidence to allay people's fears.



Just because somebody asks for something, does not mean they're going to get what they asked for. Just because someone didn't get what they asked for, doesn't mean that the person they asked isn't capable of giving what was asked for.

This does not equate to "Labcoin have been proved to be liars", it simply means that Labcoin have failed to adequately satisfy the demands from shareholders.
1336  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 11:47:25 AM
LOGICAL

3. Reasoning or capable of reasoning in a clear and consistent manner.

Which idiotic nonsense like that below is not an example of:

"They have all the resources required to assemble miners and claim to have already assembled 2 Th/s, therefore they clearly haven't got any miners, and can't possibly assemble any"
1337  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 11:44:14 AM
FANATICAL

1. Possessed with or motivated by excessive, irrational zeal.

Exactly like the people posting here who claim to have no interest in Labcoin.

Well played zumzero, well played!
1338  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 11:42:33 AM
Again, what part of that suggests that Labcoin are not mining with 2 Th/s? What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?

If you think Labcoin is mining with 2Th/s where are the block rewards going?

To an address. An address they have stated will be shared later with us. Does the fact that they refuse to share this address now, prove that Labcoin are not mining with 2 Th/s? Of course it doesn't.

Do people here not understand the difference between facts, rumours, speculation and evidence?

Facts, rumors, speculation and evidence are all things that move the market. You're making predictions about the likelihood of future events, and all of those things come into play.

Plus, if half of the "community" no longer trusts them, then the price is going to be a lot less then it otherwise would be come November when you were planning on selling.

It is interesting, that people are buying in constantly. I dont know, this is not even over yet..

Because, even if the risk has increased, the potential reward is still pretty high. Even if you thought there was a 90% chance of failure, it would make sense to invest a small chunk in hopes that 10% gets you better then a 10x return

I'm just calling people out for spreading blatant lies. Take for example Labcoin saying that they were doing some tweaking. That somehow became "Labcoin admits to lying about hashing with 2 TH/s". That's a blatant lie as Labcoin said no such thing.





If there is no dividend on monday everyone will pull out and it will go below IPO prices.


It might be smart to pull out right now and just wait until they pay a dividend. Why take a risk buying now when you can buy after they pay the dividend on monday with no risk?

Now is the time to sell.

My comment had nothing to do with buying or selling shares. It's about people spreading blatant lies.


People aren't lying Mab, they are reading between the lines and drawing logical conclusions.  This elaborate and sophisticated scam has been set up to suggest that those who are clever enough about seeing through the con and make, in my view, well founded accusations, are spreading fud and deceiving people.  Absolute nonsense.



Anyone claiming that Labcoin have admitted to lying about hashing, is telling lies. It's that simple. Labcoin have made no such claim.
1339  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 11:18:21 AM
You said you were here to mock people. Last time I checked, I was a person, therefore, you are here to mock me.

Do you even logic?
I'm not mocking you especially. If you read me properly, I said I was mocking all cheerleaders and you happen to be one, and today the stupidest.
You're trying to twist things, really, really hard. Same as with the "they did not admit they were lying so they must be hashing" Roll Eyes

I didn't say you was mocking me exclusively, I simply said you were trying to mock me, being a person. I'm not trying to twist things at all. I'm trying to untwist things and show the difference between facts and opinions.

OPINION: You thought that I was claiming that you were mocking me specifically.
FACT: You claimed you were here to mock people, which includes me.

See the difference?
1340  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 14, 2013, 11:13:43 AM
Again, what part of that suggests that Labcoin are not mining with 2 Th/s? What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?

If you think Labcoin is mining with 2Th/s where are the block rewards going?

To an address. An address they have stated will be shared later with us. Does the fact that they refuse to share this address now, prove that Labcoin are not mining with 2 Th/s? Of course it doesn't.

Do people here not understand the difference between facts, rumours, speculation and evidence?

Facts, rumors, speculation and evidence are all things that move the market. You're making predictions about the likelihood of future events, and all of those things come into play.

Plus, if half of the "community" no longer trusts them, then the price is going to be a lot less then it otherwise would be come November when you were planning on selling.

It is interesting, that people are buying in constantly. I dont know, this is not even over yet..

Because, even if the risk has increased, the potential reward is still pretty high. Even if you thought there was a 90% chance of failure, it would make sense to invest a small chunk in hopes that 10% gets you better then a 10x return

I'm just calling people out for spreading blatant lies. Take for example Labcoin saying that they were doing some tweaking. That somehow became "Labcoin admits to lying about hashing with 2 TH/s". That's a blatant lie as Labcoin said no such thing.





If there is no dividend on monday everyone will pull out and it will go below IPO prices.


It might be smart to pull out right now and just wait until they pay a dividend. Why take a risk buying now when you can buy after they pay the dividend on monday with no risk?

Now is the time to sell.

My comment had nothing to do with buying or selling shares. It's about people spreading blatant lies.
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