They are all going to be millionaires if they get these chips to hash and if they don't then that is business. Most startups go bankrupt. LOL They're already millionaires. They already took your BTC. They don't need to do shit. They can string you along as long as they like and still sell their remaining shares at 2x IPO because there are plenty of believers out there ready to hold the bags. They sold 7 mil shares at .001 for 7000 btc. That is worth roughly 850k. Even if it's just 1 guy he's not a millionaire. If it's a couple/few guys they are looking at couple hundred grand each. It is most definitely in their best interest to drag people along and carry out the scam because their is a lot of money to be made selling off the 3 million shares they gave themselves (which they haven't locked). Why would you just run with less then a mil when you can scam more and make some real dough? So anybody using the argument of this can't be a scam because they would have just taken off with the money doesn't make any sense. So if this were you, you'd rather scam and lose everything you gained in a matter of months when you get caught and your coins confiscated or would you rather run a business proper and make millions almost for certain? They are literally a deployment away from being millionaires and not having to worry about being tracked down and arrested for crimes. I don't understand why people here think everyone is criminally stupid when that would put more risk on the criminal than anyone else in this situation. I think they might be foolish, but you have to be special retarded to try to scam thousands of people out of millions of dollars on a blockchain where everyone can see everything you try to do with it. It's just not possible for them to get away with a scam but it is possible for them to get rich being a business. They are all going to be millionaires if they get these chips to hash and if they don't then that is business. Most startups go bankrupt. LOL They're already millionaires. They already took your BTC. They don't need to do shit. They can string you along as long as they like and still sell their remaining shares at 2x IPO because there are plenty of believers out there ready to hold the bags. That is not true. They do have to mine and deliver dividends. If they do not even attempt to do that then what good are all those Bitcoins if they can't spend it? What do you think they'll do? Start buying pizzas and cars with their corporate funding? That is clearly illegal. They are obligated as a corporation to make chips and mine with them. If they don't then they'll go out of business, all their Bitcoins will be confiscated, etc. maybe they bought all those shares sold to jump on board of the labcoin high risk but even higher profit illusions train? And when you finally realize this ship is going down they sell you those shares back at a profit again. they are like the south park underwearimps. xD I don't know whether to take these sorts of posts seriously or not. First people saying they'll try to run off with $850,000 dollars split into $200,000 or so each when it's on the blockchain and everyone would know if they spend, cash out or do anything with it. And honestly, what do you think they'll do here? Have a few good months with $200,000 acting rich then get caught or have the rest of their life living in mansions? |
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They are all going to be millionaires if they get these chips to hash and if they don't then that is business. Most startups go bankrupt. LOL They're already millionaires. They already took your BTC. They don't need to do shit. They can string you along as long as they like and still sell their remaining shares at 2x IPO because there are plenty of believers out there ready to hold the bags. That is not true. They do have to mine and deliver dividends. If they do not even attempt to do that then what good are all those Bitcoins if they can't spend it? What do you think they'll do? Start buying pizzas and cars with their corporate funding? That is clearly illegal. They are obligated as a corporation to make chips and mine with them. If they don't then they'll go out of business, all their Bitcoins will be confiscated, etc. They have the chance to be millionaires if they simply play by the rules and do what their corporation was set up to do when they asked for funding. If they don't do this the community knows where their coins are, everything is transparent. |
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Sounds reasonable. Should hopefully take less than the $300,000+ of venture capital some other propoals raked in to try it out, too.
How many hops are to be pre-mined? Or does that depend on venture capital, like X amount per bitcoin of capital ventured?
-MarkM-
Thanks. The number of pre-mined hops is just a scaling factor. Maybe a million. The hops inflates at 5% a year in any case. (i.e. it is just 21 million bitcoins vs. 21 billion milibits Pre-mining is just to facilitate funding, by offering some virtual assets the project can sell. What I would like to see is some kind of open source kickstarter-like project. Some pre-mined hops could be given to developers and others could be sold to people who advance BTC to feed the developers. I could contribute up to 50 BTC to feed developers, but it isn't enough in and of itself. Moreover, since I am not a developer myself (or even in the tech industry), I feel that I would need someone else to lead or co-lead the project. Realistically, that would have to be based primarily on enthusiasm rather than upfront monetary incentives. If it turns out that there is no broader interest in this. I will just leave it out there and hope it influences future innovators at some point (I'm certain it will, question is how long I have to wait). Why don't you crowdfund it? Have an IPO on BTC.CO or Litecoinglobal? Offer up some sort of value to investors who get in early? If you provide the right incentives they will come. I also don't think funding will help until I have identified developer(s) that would be excited to undertake the project, but need money to do so. Set up a system where developers can name their price for services and also design the incentives so people who fund it can make a profit from doing so. First question, how much would it take in BTC to get someone to code this? Anyone want to name their price? |
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165K shares, I don't know the average price, but the lowest was .002
There's 330+ BTC that just left.
What do you use to see the exact volume in a time frame? Probably a response to the FUD. Someone wanted cheap shares in here and had the bids waiting while pushing all that FUD. You got the shares, hopefully the price of shares goes down further. |
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We might speak about that list in 1-2 months again. I'm sure you wont be able to admit your blunders and I don't really care. All i can say is I don't give a damn about the shareprice but see LOTS of suspicious actions happening over @ labcoin. They need 7k BTC and are not even up to compete with basic mining in hashrate. Bloody amateurs if you ask me. Call me a shill but we will have a talk about this in the near future.  Labcoin is not a scam. They are incompetent but incompetence can be fixed while a scam cannot. Amateurs yes, scam no. Lets just not talk about it until one of our theories has been proven. So far you cant say that they have their own assembled mining gear. they might use 3rd party gear. Some pcb and chips say nothing. My suspicions cant be proven either but time will tell. You talk as if you are sure of what you say but you simply can't be. Picture or it didnt happen is how i see the whole thing. 'nough said imo. What I'm saying is it just doesn't matter. Labcoin isn't going anywhere as a corporation. They have plenty of cash and enough time to figure this out. They have millions of dollars and they have chips. All they have to do is figure out how to put their chips to use and that could take a month, so what? They are all going to be millionaires if they get these chips to hash and if they don't then that is business. Most startups go bankrupt. I say give them a month. It's not like their chips will go anywhere and they'll have plenty of chips to hash with in a month and it will still be profitable. |
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We might speak about that list in 1-2 months again. I'm sure you wont be able to admit your blunders and I don't really care. All i can say is I don't give a damn about the shareprice but see LOTS of suspicious actions happening over @ labcoin. They need 7k BTC and are not even up to compete with basic mining in hashrate. Bloody amateurs if you ask me. Call me a shill but we will have a talk about this in the near future. Labcoin is not a scam. They are incompetent but incompetence can be fixed while a scam cannot. Amateurs yes, scam no. |
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I don't like how that one fits the picture. Have an in-hand BFL 60GH? Only interested in one that comes with the BFL supplied power supply as I am buying it for a friend who wants to try out mining. Only in hand and US preferred for quick delivery.
https://bitcointalk.org/index.php?topic=295732.msg3170426#msg3170426Who might be that friend who wants to try out mining? a really hurried friend, it seems. Maybe the same friend to whom he intended to buy a car and a rolex... It doesn't sound very good, I have to say Shareholders obviously think Labcoin is still a good deal. Shares are going for 0.0025. It seems to me this FUD campaign is about getting the shares cheap so you can buy and then sell them off again later. That is cool and all but it's not working. Share prices are stable way above IPO so if people thought this was a scam the shares would be 0.0015. People who know how to read charts *me* can see through the propaganda. Numbers do not lie. I'm sorry, I hate to spread FUD but I'm not invested in labcoin and I'm watching the action since weeks to decide if invest in. I really want to give them a chance, but they really don't help to build trust in this company I can't blame you there. I think most of the people spreading FUD aren't invested and are trying to bring the share price down so they can buy. If you're not already in, getting in right now is 50/50 and that is the honest truth by the numbers. If you like those odds then buy, if you don't then wait a month. Everyone who has shares including the Labcoin team is holding. You don't see anyone dumping so that should tell you a lot. |
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I don't like how that one fits the picture. Have an in-hand BFL 60GH? Only interested in one that comes with the BFL supplied power supply as I am buying it for a friend who wants to try out mining. Only in hand and US preferred for quick delivery.
https://bitcointalk.org/index.php?topic=295732.msg3170426#msg3170426Who might be that friend who wants to try out mining? a really hurried friend, it seems. Maybe the same friend to whom he intended to buy a car and a rolex... It doesn't sound very good, I have to say Shareholders obviously think Labcoin is still a good deal. Shares are going for 0.0025. It seems to me this FUD campaign is about getting the shares cheap so you can buy and then sell them off again later. That is cool and all but it's not working. Share prices are stable way above IPO so if people thought this was a scam the shares would be 0.0015. People who know how to read charts *me* can see through the propaganda. Numbers do not lie. Look at the bids and look at what these posters are saying. I think Labcoin should forget about mining and just keep posting mining addresses up for people to try and manipulate the stock price. They'll make more money from those fake mining payments than they will from mining this week...
I bought into one of those 'fake mining payments' price rise. Why do they not confirm nor deny it was Labcoin mining? And why has Labcoin disappeared? You guys are making me nervous. They want you to dump your shares, and by all means please do. The hungry bids are waiting. |
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If they aren't legit then they aren't very competent at scamming either.
well, they have a load of people defending them, even after they have repeatedly lied and shown no evidence of being legit. You have no evidence they aren't legit. All we know is someone is hashing at their address. |
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Could TheSwede's silence be implying that the hashing is legit? If it was fake I'm sure he would be on here immediately.
they have more to gain by looking legit than by looking incompetent. If they are legit and incompetent that is probably closest to the truth. If they aren't legit then they aren't very competent at scamming either. |
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It must just be a cosmic coincidence that the amount of B Labcoin is receiving from Slush pool is equivalent to the output of 3 80gh/s avalons.
oh... um.... but... hmmm... and... 500 TH/s in DECEMBER, so there! Do they have 1TH? confirm or deny that over the weekend. |
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It must just be a cosmic coincidence that the hashrate estimates are the same amount that 3 80gh/s avalons would put out. 3 80gh/s avalons that we know they have.
Where's the rest of the hash power Swede? Labcoin? Heeelloooooooo. Anyone?
How do you have the hash rate estimates when they aren't mining? If they start mining for longer than a few hours then we can estimate. I'll rephrase it. It must just be a cosmic coincidence that the amount of B Labcoin is receiving from Slush pool is equivalent to the output of 3 80gh/s avalons. Show your figures and numbers. |
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It must just be a cosmic coincidence that the hashrate estimates are the same amount that 3 80gh/s avalons would put out. 3 80gh/s avalons that we know they have.
Where's the rest of the hash power Swede? Labcoin? Heeelloooooooo. Anyone?
How do you have the hash rate estimates when they aren't mining? If they start mining for longer than a few hours then we can estimate. |
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At one point I saw it posted somewhere on this forum. They are at BTC Guild. That is all I know at the moment.
All you know is that a payment is coming from BTC Guild. just a while ago someone mentioned the hash rate: 250 GH/s (= 1.12 BTC / day currently, at 100% PPS) So, that's like what? 1 USB miner? But isn't this figure based on the July screenshot of the avalon miners? No, the hash rate was based on an estimate according to the rate they were mining from BTC Guild. Since they aren't mining right now we cannot estimate until they do. |
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How do you plan abiding to the maximum of 5000€ overseas transactions AND permit bitcoin withdrawals? Won't someone be able to deposit 100000€ and then send the bitcoins wherever he wants? More generally, how will the goverment be okay with you offering such a simple entry-point for bitcoin's pseudo-anonymous features?
The fact that most people won't do bitcoin direct transactions, since they aren't tech-savvy enough, is certainly true but isn't a solution to the problem IMHO - the goverment won't like for this loophole to be there.
The government doesn't like cash either. They'll find some way to regulate but until they do, why not profit? |
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Okay so what stops the scammer from forming a team then taking turns and pointing their rigs? The scammer doing this could always call in a few of his friends.
you know what stops it? Details from Labcoin themselves. Where are they mining, posting the hash rate, etc. As long as scamming continues to be profitable, people will continue to do it. That would only make it worse. Then you'd want pictures to prove its them mining. Then you'd want video because of photoshop. Then you'd want gerber files and an explanation for why they missed deadlines. Maybe they don't want to explain? Maybe they just want to make money? What difference does it make? In a few weeks either they'll be mining full speed or everyone will peace out. Maybe because he bought his cheap shares and he wants you to buy yours. I don't deny that he probably is buying them cheap. But he has said things which crashed the price and missed deadlines that he has set down to the hour.
and you think that's the behavior of a legit business person? Virtual business person. virtual business. If you wanted a legit business person why don't you deal with the SEC? |
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Anyway if you're right then the mining will stop soon because it wont last through the weekend and probably wouldn't last much longer than 48hr.
it will keep going as long as the price to maintain the scam is less that the profits from selling shares on the spikes every time someone like you says "see, that's proof! Labcoin is mining" and then the share price jumps, scammer makes money, and rinse, repeat. Okay so what stops the scammer from forming a team then taking turns and pointing their rigs? The scammer doing this could always call in a few of his friends. I think you just want cheap shares. quote author=velacreations link=topic=263445.msg3191870#msg3191870 date=1379618692] They have no incentive to care about the price of shares. then why do they beg people to buy shares when the price drops? Again, we advise anyone to purchase more shares now that they are cheap.
take advantage of the current cheap prices.
[/quote] Maybe because he bought his cheap shares and he wants you to buy yours. I don't deny that he probably is buying them cheap. But he has said things which crashed the price and missed deadlines that he has set down to the hour. |
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Labcoin could spend 2 minutes to clear things up. But as always they refuse to.
Crazy. Absolutely crazy.
why do you think that is? what would motivate a team that has lot all credibility to mine and earn money but not tell anyone about it? what's the most likely explanation? those are not Labcoin's coins. They already have the money. They have no incentive to care about the price of shares. The only thing they should care about is getting their chips to work and figuring out how to mine with it. If share prices drop that even might benefit them because "Cheap shares" for the CEO. Believe it, he's fully capable of buying shares at cheap prices and using that language to crash the price. But considering they have plenty of Bitcoins already due to having so many shares, if they would want to crash the price it reveals absolute confidence in their operation. If they were pumping the price then it's likely a scam. |
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Yeah so they'll do all that for 43.5 BTC when they could have had more if they posted fake pictures?
what makes you think it is Labcoin? I'm saying it is a 3rd party troll, not labcoin sending those payments to the Labcoin address to generate share price fluctuations. That makes some sense. Sure a third party troll could do that. Doing it without getting caught wont be easy though. Also if they can mine so easily, can't they just sell at a loss and mine with their 0.5-1TH? Anyway if you're right then the mining will stop soon because it wont last through the weekend and probably wouldn't last much longer than 48hr. |
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But why would anyone do this if its a scam? Scams aren't supposed to lose money.
People would do this if its to save face but not out of greed.
Scam cost ~4 btc. Buy 15K shares at .0022 yesterday: 33 btc. Sell 15K shares around .0029 yesterday: 43.5 btc profit: 6.5 btc ON JUST ONE MOVE They have 7000+ Bitcoins and you're telling me they'll do all that elaborate work for 6.5 BTC? They are rich already! They already have 30% of 7000+ Bitcoins. You're acting as if they are desperate teenagers mining from their mothers basements. |
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