Please. That was a terrible attempt at a scare tactic.
I agree, it was just a weird accusation, and they seemed to have the blockchain to support their argument. I am highly skeptical of that accusation, but I can't really counter it with anything, cause I don't know enough about it. That's why I was asking if there was anything to it. Someone did a pretty solid analysis that can prove TheSwede received 950 BTC of labcoin IPO money: 1DXyYV4oxehn828ZnRSvuziArPoJLQq7SM < Burnsides AM address under control of burnside sent 8,000 BTC -> 1FxeP4MwDyqno2ahJS2BzofT5dfUwtmEn7 from 03/2013 to 09/2013 majority of those 8,000 were sent to 1KRj8opQ5y3h2dw8FjnskxuVZ5qtu5Uuid * 13kPwnvBdLoMPmYqYEXW5r8DSx7j4avg7G - under control of TheSwede75 prior to labcoin IPO gambling small amounts on satoshi dice (less than 50btc within 4months) from 08/01 start receiving coins from 1KRj8opQ5y3h2dw8FjnskxuVZ5qtu5Uuid totalling so far 950BTC |
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Timer removed. End time: 2013-09-18+19:56:36UTC Why do they have to wait till the last second to just release a mining address?? Because they are not releasing it. They previously said they will release it "next update", then "before wednesday", which got clarified to "in 24 hours". Which probably will get clarified again to "in 2 weeks" or "by end of the year". |
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here's what I am expecting in about 2 hours: We're sorry for delaying but we're struggling with deployment operations. We hope to post the mining address when we pay the first dividend, 24/9/2013.
This is an absolutely legit operation and many of those calling us a 'scam' will have to eat their words. Again, we advise anyone to purchase more shares now that they are cheap.
This is what I expect in a hour:
Hey guys, we have a clarification to make: by "in 24 hour", we meant AFTER 24 hour. Yes we will update you after 24 hour, which means anywhere between 2 weeks to end of year.
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No dividends before next week, so hopefully more than 1 block will be found by then.
LOL, it's cute that there are still people who believe scamcoin is actually mining. it's already proven 950 BTC of your IPO money went to TheSwede's personal rolex/car fund. what do you think the rest were used for? lol oh and TheSwede tried to buy some avalon miners to pretend they are mining, though he failed to obtain any. Why don't you save this for Labcoin's press release fail, due any time now. now they already failed twice to provide what they promised (next update, before wednesday and now in 24 hour), why do you think it's different this time? They are probably scrambling right now to buy some avalon miner to fake mining. Why do you think they refuse to provide any picture of their mining hardware? |
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No dividends before next week, so hopefully more than 1 block will be found by then.
LOL, it's cute that there are still people who believe scamcoin is actually mining. it's already proven 950 BTC of your IPO money went to TheSwede's personal rolex/car fund. what do you think the rest were used for? lol oh and TheSwede tried to buy some avalon miners to pretend they are mining, though he failed to obtain any. |
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I have not received information from Sam yet, and I would like to make clear though that no TIME was stated for the announcement that Sam has promised. Also, speculating wildly in possible BTC addresses is 100% pointless. Also: I have no more information to supply as of right now.
Hey guys, its really important... I just wanted to let you know I have nothing to tell you right now. hey TheSwede75 only received 950 BTC to pump this scam, can't expect him to work too hard. How much is 950 BTC in USD? Wasn't he shopping for a rolex and a car right after the IPO? Yep, he bought rolex watch, silver bars and a car on this forum, right after he got the 950 BTC. Good thing the labcoin IPO money is hard at work, enriching TheSwede75's life style. |
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I have not received information from Sam yet, and I would like to make clear though that no TIME was stated for the announcement that Sam has promised. Also, speculating wildly in possible BTC addresses is 100% pointless. Also: I have no more information to supply as of right now.
Hey guys, its really important... I just wanted to let you know I have nothing to tell you right now. hey TheSwede75 only received 950 BTC to pump this scam, can't expect him to work too hard. |
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I found labcoin on blockchain...
see if you can search for it too, maybe you can get a clearer pic
root@xxxx:~/.bitcoin/blocks# cat *.dat | strings | grep -i labcoin | wc -l Can you speed things up and post count and block height(s) please  yes and you will understand why there is delay step 1 1DXyYV4oxehn828ZnRSvuziArPoJLQq7SM < Burnsides AM address under control of burnside sent 8,000 BTC -> 1FxeP4MwDyqno2ahJS2BzofT5dfUwtmEn7 from 03/2013 to 09/2013 majority of those 8,000 were sent to 1KRj8opQ5y3h2dw8FjnskxuVZ5qtu5Uuid * 13kPwnvBdLoMPmYqYEXW5r8DSx7j4avg7G - under control of TheSwede75 prior to labcoin IPO gambling small amounts on satoshi dice (less than 50btc within 4months) from 08/01 start receiving coins from 1KRj8opQ5y3h2dw8FjnskxuVZ5qtu5Uuid totalling so far 950BTC Wow, the infamous troll "TheSwede75" was paid 950BTC for trolling us with a scam? that's a sweet gig |
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Is there a tool that is able to brute force the private key, given a full Bitcoin address? I know it's nearly impossible, but want to try just for fun.
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Keep in mind, scammers with elaborate schemes don't just disappear, they'll stay until they milked every last penny possible.
Pirateat40 ran the BTCST scam for nearly a year, regularly paying dividends on time, until he didn't.
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It's quite difficult to take a picture of something that doesn't exist, even if it only takes no more than 5 minutes to do so.
In six weeks (tm), we need to coordinate (tm). But buy our shares, it's cheap. We have bright future, 500PH by end of year, trust us. Don't worry about our unlocked insider shares, we promise we won't sell them (until we do). |
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It's quite difficult to take a picture of something that doesn't exist, even if it only takes no more than 5 minutes to do so.
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How can they just let this go on and on, watch people leave, sell their shares, see the price crash and do absolutely nothing about it?
How is this possible? Has anybody ever seen something like this?
If Labcoin doesn't have the intention to release new batches of shares soon, then it doesn't matter much what the share price does in the short term. The company has their money from the IPO in the pocket and while the owners will prefer their shares to increase in price, if their focus is on the long-term and/or repayment of share value through dividends, then short term drops, regardless of how large they are, don't affect them that much. Still, it is so extremely easy to stop this and actually make the price go up. Exactly, it takes less than 5 minutes to put all doubts to rest, but they insist on posting endless "update of an update" but ZERO proof. Then the only logical conclusion is that they can not prove something that does not exist. |
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Did you even bother to read Chinese laws?
For me, the only plausible explanation is they don't have full control of their assembly and mining partners. All they have in hand are some sample chips and boards. Their parter in China refuse giving any photos taken in their side, and their reason or excuse may be they don't want disclose any evidence that they are involved in this project, since illegal IPO may lead to death penalty in China.
No need. Americans know everything Labcoin is in HongKong, not mainland china. HK has a far more western-style legal system, and no death penalty. People in HK have a high degree of civil/human rightsExcept the fact that Labcoin is based in HK doesn't do shit for their mainland China partners. Also labcoin's facility is located in mainland China, not HK(where high real estate price and utility price will make this operation unfeasible). |
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I own both AM and LC.
If they have a rig why not post pictures? No idea. Look at this picture though. Notice how some of the chips are missing?  The obvious reason for those chips being missing is because they are being mined with. It's funny the way none of the FUD-spreaders can come up with a logical argument against this. Like I said before even if they are mining 2TH is nothing compared to 20TH in about 3 weeks, then 50TH, then 500TH. The fact that they have chips and boards is amazing when all the other companies just have dicks in their hands. Its only a matter of time they get everything worked out and 100, 000 chips come online. I can have some chips in my hands too, can I prove they can hash? No. Did labcoin prove their chips can hash? No, so Labcoin has basically the samething as I do, just some chips. The difference is labcoin claimed they can indeed hash, and is actually hashing at supposedly 4TH atm, yet they refuse to provide ANY proof at all. |
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Okay, so you admit that they have chips and boards. Do you admit that it's possible that Labcoin could assemble that hardware and mine with it? If that's possible, then clearly it's illogical to insist that Labcoin are definitely not mining.
The missing chips from the tray suggest that some miners have been assembled.
They have shown things that looks like some chips and boards, but it means nothing. How do we know they work? by mining with them, and how do we know they are mining, but seeing proof. Their update claim they have been mining with 2TH since a week ago, and should be now at 4TH. Yet the most critical thing is actually showing us at least some proof (apparently live hash rate like what ASICMINER did is too much to ask?). We would've been content with a simple mining reward address, yet so far ZERO proof has shown. You didn't get the proof you wanted, that doesn't mean they're not mining though. The fact that some chips are missing from the tray suggests that they are being used. You seem to talk a lot about what's logical or illogical. So is it logical that if they are indeed been mining with 2TH for over a week, that they refuse to provide a single thread of proof that they are mining and let their share price to be cut in half? Keep in mind proving they are mining is extremely easy, takes no more than 5 minutes. |
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Okay, so you admit that they have chips and boards. Do you admit that it's possible that Labcoin could assemble that hardware and mine with it? If that's possible, then clearly it's illogical to insist that Labcoin are definitely not mining.
The missing chips from the tray suggest that some miners have been assembled.
They have shown things that looks like some chips and boards, but it means nothing. How do we know they work? by mining with them, and how do we know they are mining, by seeing proof. Their update claim they have been mining with 2TH since over a week ago, and should be now at 4TH. Yet the most critical thing is actually showing us at least some proof (apparently live hash rate like what ASICMINER did is too much to ask?). We would've been content with a simple mining reward address, yet so far ZERO proof has shown. |
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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...  They are not even trying any more. Claim hashing with 4TH, then tell us they still need time to troubleshoot and assemble boards. Also ZERO proof hashing, ZERO picture of production hashing hardware. |
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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. Except they have ZERO proof that they are hashing with 2 TH since over a week ago, (supposedly it should be 4TH now). How hard is it to hash on a pool with public stats? or stamp blocks. Or just provide an address where the rewards went to. |
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