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This is nothing compared to PETA-MINE. Gonna need a truckload of smelling salts over there.
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Hm... what does such datacentre cost? I mean you pay it while collecting. Can you use the IPO-Bitcoins already? If you did, can you refund shares when IPO fails? When i first read that news i thought its strange. Buying things with a not yet successful IPO. Is there a datacentre bought at all? Dont get me wrong, i have not a small amount of shares, but such things make me think. Ok, but this last sentence now makes me worry even more. I mean even without a successfull IPO you will deploy 20TH? Is there an IPO needed at all then? Original Contract:Shareholder Protection
The IPO will prove successful with the sale of at least 30,000 shares. If fewer than 30,000 shares sell within 30 days, CryptX will refund the entire IPO to shareholders. What’s more, the fact that no shares beyond those offered at IPO will ever be issued means shareholders need not fear dilution of the value of their shares.
CryptX will invest in an additional 20% hashpower for every share sold. All mining revenue from this additional 20% will go to public shareholders until the initial investment of 0.65BTC/share is recovered in dividends.
CryptX will regularly update all relevant information about the PETA-MINE so that shareholders can evaluate the performance, capital outlay, and future of the project. It will make this information available through a regular shareholder newsletter, periodic updates to its website (cryptx.com), and a forum it will create on bitcointalk.org dedicated exclusively to CryptX news.
CryptX will pay weekly dividends to shareholders amounting to a percentage share of ownership in the PETA-MINE. CryptX will not change the direction or goal of the PETA-MINE without shareholder votes as per the statutes of BTC-TC. Another typo...? Proposed Contract:Shareholder Protection
After 27 September 2013, we won't issue new batches of 10,000 shares. The IPO will continue to run until the last issued batch of 10,000 shares is sold. For example if 6,000 shares are sold on 27 September, a maximum of 10,000 shares will be issued. For example if 15,000 shares are sold on 27 September, a maximum of 20,000 shares will be issued.
CryptX will regularly update all relevant information about the PETA-MINE so shareholders can evaluate the performance, capital outlay, and future of the project. It will make this information available through a regular shareholder newsletter, periodic updates to its website (cryptx.com), and a forum it will create on bitcointalk.org dedicated exclusively to CryptX news.
CryptX will pay weekly dividends to shareholders amounting to a percentage share of ownership in the PETA-MINE. CryptX will not change the direction or goal of the PETA-MINE without shareholder votes as per the statutes of BTC-TC. |
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Second op too, they just handed off the lameness...like it was a relay baton.  |
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Thanks! What are these "$" thingies you've scattered throughout your post?  That thread is a train wreck to be sure. Carnth had some wise advice back a few pages as I recall. |
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Perhaps you should begin your inquiry by asking one or both of them if they interchangeably swap login credentials. I don't see how such information would be proof of nefarious activity at any rate. It'd be rather odd though.  Swede talks mostly perty good, and the usual labcoin poster seems to be struggling with a language that's not native to him/her. As said, this is a legitimate operation, and all signs should point at that if you ask your common sense. Our initial board design is quite rough while very functional, and pictures will be posted rather soon. We think we gave enough evidence that our company and achievements are real to avoid being labeled as a "scam". Our company is sitting on valuable hardware and intellectual property and we're confident we will delivery nice performances to our shareholders. We will work on improving our communications as we settle on our final premise and have reached stability. The team is scattered on various countries, thus we have to coordinate to release anything. I'll see if i can get a screenshot of the hashing rate or something, but more pictures will be posted in the next few days, we will deploy the same mechanism ASICMINER uses for signing found blocks and publish them on our website. |
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As 'usual' when the share price moves I get a lot of PM's. Nothing has changed, and as usual I will not give out any information via PM or trade based shares based on any 'non public' information. Of course I have no clue why the share prices moves up or down, but that's just the market.
I guess I could also mention that the speculation that Labcoin somehow has been mining since mid-August "without telling anyone" is a 'little' funny as you can probably understand that Labcoin has all the motivation in the world to publish has rate etc. with 30% of the company being held by the founders.
However, if the Labcoin team somehow has developed a method that allows them to mine with ASIC before miners are actually constructed I would assume that to be very positive news (<- Joking)
The website will according to Sam be updated 'soon' and I am hoping to have a time for the launch of the redesign/functionality shortly. TY, looking forward to more detailed info. Cheers. |
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What?!? You're not into purple ponies?  |
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Any news on those pictures? Updates to the website Swede?
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15 blocks in 20 days without taking difficulty adjustments into account. VERY roughly 3.2Th/s. It'd actually be lower than that with past re-targets taken into account. |
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Hashing but no info to post. Labcoin no where to be found. I'm calling BS on this now.
Wow dropping so fast. Labcoin bagholder anyone?
Oh well I took my IPO profits. I really wanted to believe in Labcoin but they make it incredibly difficult. Good luck to the remaining shareholders.
Yep bids are getting pulled and I don't blame them. Most with a decent amount will be stuck soon.
here we go folks, leaving .003 soon. There are still some bids open though.
You might get lucky? The sell off continues.
My bids filled. I think there are some happy campers now.
This is just priceless. Be sure to read the last line. So many sheeple, I can't help myself. ASS. //ignore |
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I wish I had some spare btc for the dips...but I already bought share during the previous ones.  Next time TMVoilà FIXED! |
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Fear >>> Regret >>> Greed
We're in da middle.
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Dumping on a fear spike is a bad idea. Now the thing actually has some fuel to go higher than when this panic stampede began. Founders haven't sold out.
Emotions and investing do not mix.
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Which will surely follow.
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Went and got sushi came home to this. haha. Looks like the Swede is online and has internet.  That seems redundant. |
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Nope, the corners are not cut. Try again. His point is that generic chips are not hard to come across. Yes, this is scary, time to sell ?  If there was something new here. YES! ...but the only genuinely new information released is the information that confirms LC still has lots of skin in the game. NOT. SELLING. |
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Sorry but I cannot just base my investments on trust of promises given by a person/s I have never met nor have any references of credibility on.
I had a decent position in labcoin up until today. when too many alarm bells were going off.
Empty statements and not showing proof when promised is enough for me to get out. Don't blame you a bit. I've gone over the risk/reward profile myself each and every time they've said they'd do something and failed to do so. |
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Burnside needs to lock this security immediately. That likely wouldn't help investors' whose fund are already tied up and might do more harm than good. You're absolutely right and I agree with you. LC is not playing it straight for every reason you just mentioned. Labcoin said there would be additional information "in a few days" or some such, I believe was the term used. TheSwede75 followed that up with a 48hr time frame attached to additional updates. I see no harm in letting this time table play out. as long as you are the first person to sell off your position if the time table does expire, in the event of continued no proof of hashing/production. Very seriously doubt it. They've already failed to do the things mentioned. They cannot fail moar at these things. Many many are aware of their failures and the shares are still up 250%. May I ask why you think this time will be different? Particularly now they've set a date to begin paying dividends? As I recall they also suggested they'd be at approximately 4Th/s by next Monday. It doesn't seem like a great time to sell for what they should have done and did not do weeks ago. |
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