So why didnt you, "gramma"

common guys, KnC dont even know that yet. They just got like a single SHA2 core working, something they consider a "huge step". Dont ask me what other steps are involved, but just dont expect everything to be known in 5 minutes.

radiumsoup mangled my question, but :

22:32] <@radiumsoup> If all the chips are packaged using the overheating package, will the next batch be a different package?
[22:33] <+labcoin__> of course the mistake won't be  repeated.

A new production run to produce fresh wafers and dies to put in that improved package will cost 2-3 months at minimum, and clearly it hasnt been started.  By then the game is up for 130nm chips.

Even if you think this isnt a scam, AFAICS, its game over.

seems like he is running out of good questions. "<@radiumsoup> How much time do you spend on labcoin every day?". I guess the next is if she takes her coffee with sugar or milk.

Please ask for someone with a verifiable ID to vouch for this "sam".

He/she just said all of them are packaged. So, basically forget it.

The package is what you see when you think of a chip.  Here is a qfp package:

http://www.toshiba-components.com/ASIC/images/QFP.jpg

CPU's and highend bitcoin asics are all bga packages, they look like this:

http://www.emeraldinsight.com/content_images/fig/2190090207005.png

The die is burried (soldered/glued) inside the package. Bad packaging means those chips are unfixable.  But the design may be fine, you can reused the mask, just need another production run (2-3 month)

realtime lie detector:
https://btct.co/security/LABCOIN

<+labcoin__> No sorry, i don't have a public linkedIn, or Facebook

What a surprise

define second gen.

Pictures Ive seen of "first gen" suggest a plastic QFP package. Which is the cheapest, but a terrible choice for a chip that runs hot. In that sense the claim is credible.
If all these alleged 10000 chips are all already packaged, I dont think its solvable. If they still have unpackaged dies or uncut wafers, they could easily select a more appropriate package.

its a long and difficullt (for non native speakers) read. TL;DR ?

lot of imposterers trying to join, possibly preventing the real one to join or speak.

Priceless

Actually, the above is credible. I will expand on that later if you want.

Right now this is more interesting:

Fabrizio Tatti was the owner of the project, and alessia his sister, previously  involved. We deny all connections of the project with other people.

 <+labcoin__> I cannot reveal names because i am not authorized to. People is calling our company publicly a scam.


Yeah... good luck with that.
pump and dump exactly on schedule.

You are not on trial here, Im not a prosecutor, let alone a judge,  but I do want to respond to this:


That, I am more than willing to believe. Moreover, its not like that standard has gone up since, you are certainly not alone making this mistake. Just about every bitcoin related asset issuer (and their "helpers", PT-operators, exchange operators, "pr managers", "ipo managers" and whatever) now and in the past have serious legal liabilities and most still dont seem to grasp that. I just hope people begin realizing this is no game.


Possibly your worst mistake ?

I cant verify your claims, they may or may not be true. Even if true they didnt benefit investors, and  I dont see how arguing that you honestly thought this was a legitimate venture and trying to prove that by claiming you poured even more money in to a bottomless pit, absolves you from your legal responsibilities. If my accountant screws up and it ends up costing me a lot of money, I may or may not believe it to be an honest mistake, but I might still want to claim or sue him for damages. Its up to your investors to decide if they want to act on this, or if they want to believe that you too were duped and thats good enough to give you a free pass. Like I said, I have no opinion either way (though the authorities might have one should it come to that).


First of all, just googling Alberto's name brings up more than just "unsuccessful ventures". They were clearly scams (and even a drug bust). Did you feel a need to mention that?  No;  instead you trivialized it and did vouch for him, and his ability to pay back; I dont see what else you can call statements like " I talked with Alberto about many things and I am confident he is committed to making bitdaytrade work, and even if it fails, to pay back every last satoshi of debt, bringing to the table his personal assets if necessary (of which he has enough to cover his obligations). "

Moreover, you called your self the "IPO manager", but did you ever tell Alberto, let alone anyone else, its illegal in most countries to sell such unregistered securities to unsophisticated investors? Did you even bother to look in to it? If you had taken your responsibility seriously, you would have understood your (and your customer's !) liability when soliciting investments and if you had any sense, you would never have accepted the "job".

7-8 billion will die over the next century no matter what; including you and me.
My hope is just that it wont be 25 billion in the century thereafter. Our planet is simply not big enough. If this population explosion cant be brought under control, there are no ways to prevent starvation, war or epidemics as being the cause of those deaths rather than natural death.

The title of this video isnt much of a stretch, if you have some time, watch it through to the end:
http://www.youtube.com/watch?v=umFnrvcS6AQ


here is one of the more relevant parts:
http://youtu.be/umFnrvcS6AQ?t=13m32s

I dont know that. Im just predicting at least one more pump and dump before the lights go out. Even I could pull off a story and some pics credible enough to convince a non trivial part of (no offense, generally extremely gullible) posters/investors here.

Anyway, dont take that as investment advice.


Buying or having open bids doesnt change a lot.

The current price is still ridiculously high if labcoin where a pure moneygrab and run. Its still selling for 1/4 of its IPO when most investors hoped this could be Asicminer 2.0. The current price is at a point that would have been more reasonable from the start for a high risk venture that may or may not yield limited amounts of 180/130nm chips so late in the game, the price is not reasonable for a venture that would have been proven a scam.

My guess is that there is some truth to the lie and once the price has sunk further there will be another pump and dump PR push showing some stuff that should have been shown months ago, along with bold promises and vague statements about who is who. And right now, they are buying back their own stock, which is why its not 0.000001 yet.