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In the next days, the first quarterly financial report is due.
I always had faith in NEOBEE and Danny, but in the last days it went awefully quiet, and in
Bitcoinland that always means the same: The company is doomed.
So i really hope we get the report within the next five days.
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MOTHERFCKING GOX BULLSHITTING TO SCARE NOOBs. This is not a FLAW but the design of wallet to validate transactions. It has BEEN FIXED by reference design. But fcking retard Marks still didnt get his shitty wallet software updated.
Mark, you're a worthless POS.
I thought i should just quote this, because it's pretty much what i wanted to write. +1 -237- |
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Bitcoin shouldn't be brought in contact with religious mumbo jumbo
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You say you're an expert when it comes to finance, risk management and so on and yet you've bought into an ultra high risk, Asicminer run by some Chinese? dude calling himself Friedcat (no real identity provided) that doesn't name his associates; an operation that provided/provides zero transparency on many levels.
Now you're ultra-critical with these guys that provided a very high level of transparency and have a sustainable business model. Something doesn't add up.
Different scenario entirely. AM were mining and paying dividends (a quasi-real business) and I thought they were about to jump in price, so I bought as a short-term speculation. They jumped in price very quickly in about 2 months, so I sold out. Haven't touched their shares for months and watched them subsequently fall. I have no criticism of the transparency of Neo/Bee, but what they precisely don't have is a sustainable business model as it relies on Bitcoin growing continuously. Not entirely reliable on the price of Bitcoin rising in price, we do know that we will be increasing demand and reducing the supply at the same time, however we are also developing alternate revenue streams based on additional services that we shall offer at the time of launch. To provide projected figures on these without solid decisions having been made is something that I just will not do, as someone with a financial background you will understand the vast amount of variables when considering an insurance carrier, this is also totally ignoring the fact that we are also entering into the International Remittance space too. Had to read it because it was quoted. Again. ex-trader is either too narrowminded or simply too stupid to understand any of this. He sounds like a broken record for pages now. There is no point in discussing with such people. Especially after he claimed he has 25 years of trading experience, though he is only 20 something years old. And creating the cocoxixi account matched the profile of an unsecessfull FUD-spreader perfectly..... |
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does anyone know what is the percentage of bitcoins that are exchanged? %10? %20?
I exchange (or risk in different ways) about %10 of my bitcoins. I wouldn't go above this unless bitcoin price went above 1000 Euros. I guess most of the bitcoins are held by people like me (i.e. natural selection, if you are not like this, you sell your bitcoins, your bitcoins end up with someone who is like this)...
So 100 Million euros is huge. You will be trying to buy a good percentage of all the bitcoins that are being exchanged. That will drive the price sky high.
But I guess one important point is that you should probably not buy bitcoins immediately whatever the price may be, and instead have some flexibility. Otherwise you will drive the market price too high before you buy, instead of after.
That is why they try to raise more BTC with the IPO than they need for the starting expenses. The extra Bitcoins serve as buffer, so they have more flexibility for buying Bitcoins at the market. That way they have much more control over the market and for which price they buy. At leat that's how i understand it. |
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But it isn't the case that everyone in the world needs to follow US law.
As you have been told a million times, it doesnt matter where the company issuing the stock is incorporated (afaik labcoin isnt even incorporated). You have to follow US law when soliciting funds for unregistered securities from (unsophisticated) US citizens in the US. Even less doubt if the promoter/agent is a US citizen living in the US. What the securities are about is of no importance, you cant promote and sell unregistered Nigerian stocks in the US, just because Nigerian law would allow it. There is a reason Burnside at some point planned to deny access to his exchange for US citizens, but you seem to daft to grasp why. Please explain how the dumb and mighty USA want to enforce their regulations on people sitting in Hongkong or Italy. I am very interested in that. |
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Investors in this turd are like battered wives at this point. Just leave. Btcg had a run of great luck leading up to and shortly after the difficulty hike.
Labcoin lied about daily increases of hashing power just as they've lied about nearly everything else. Current market cap is STILL 17k BTC for a mining company with a hashrate of < 800Gh/s and soon to have zero liquidity. To say that it's still grotesquely overvalued is an understatement. R U N A W A Y
My own mining company(market cap 4344BTC) hashing at just north of 1Th/s on btcg currently has 19 blocks in shifts currently being paid.
I think you should worry about running your own company. You made some bad decisions investing reserves (without motion) into Labcoin and Asicminer at their peaks and lost value. Also, not to mention that basic-mining share value has consistently been dropping for awhile. Posts like these make you look unprofessional/unethical.He looks like that, because he is  |
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+1 for Bitfunder. Interface is great and everything works the way it should. Weexchange is definitely weird but it does work, I've never had problems moving bitcoins through them. Coins show up in about 20 minutes and it's free. Does anyone know why they use that service at all? Why can't they just accept and release bitcoins directly?
It's intended as an extra layer of security. Attacker would need weex AND Bitfunder Account Data to steal coins. That way they are confident enough to enable automatic transactions in higher amounts. As you know from BTCT, they have only a small amount availible daily for automatic cashout. Everything above that has do be done manually by Burnside to ensure safety. |
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If you think back to Asicminers early days, there was an update every thursday. Even if the hashrate dropped to 0 at times, they did not explain themselfs in coming days and not always was there an explanation in the update either. It's just the chinese mentality. I guess that is why they asked TheSwede to do the PR, but he doesn't get much information either. So just chill Well, 卐HITLER卐 was an excellent communicator... /thread Yes, but at least he was really ashing Lol. good one. The laughing almost killed me  |
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Danny it would be a good move if you provide a link to your presentation once this is delivered in the Amsterdam meeting.
How is that a good or bad move? The presentation sheets won't have any information you don't get from the prospectus or this thread. Or do you mean it's nice to have the information compressed in a big lettered and shiny .ppt so people with an attention span of 3 minutes can grasp the buiseness idea? Than i would agree |
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If you think back to Asicminers early days, there was an update every thursday. Even if the hashrate dropped to 0 at times, they did not explain themselfs in coming days and not always was there an explanation in the update either. It's just the chinese mentality. I guess that is why they asked TheSwede to do the PR, but he doesn't get much information either. So just chill |
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There are going to be some broke pissed off Americans in a few hours.
Yeah it's a very american thing to invest more than you can afford to lose. Many even take loans to invest |
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Yeah I'm holding now. Let's see how they resolve this.
It will go lower.... I'm thinking about buying |
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Won't be hard to switch over to bitfunder.
Can be done fast and with no work for Labcoin, since that is what will happen to most of the stocks
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Burnsides exchange is a joke, just lost 10 btc due to a glitch, sale went through with an additional 0, great stuff. Not only closing but f*cking us as well
so it was u who sold 03:18 (S) 4606 @ 0.00025000 LABCOIN I was on the bog and saw the news on my phone... Jumped onto the Pc and did the trade. I may be the biggest c*nt on here if it was my fault... Ah well still got 6k more, was riding it out then anyway No. definately something wrong there. My orders got deleted. They were not filled, nor did i cancel them.... just gone. There was definately a big f-up. It wouldn't have been possible for 1 order with around 25k volume to fill the buy side down to 0.00025 |
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23 labcoin 774.59 GH/s
24 yaoyao 718.28 GH/s
25 Team USA 684.49 GH/s Look at it this way: They have more hashrate than the USA I'm in the US and have over 1Th/s on btcg right now. Most aren't part of a team and have no need to draw attention to themselves. Labcoin just said they'd increase hashes daily, so if they want to begin to regain credibility then I'd like to see their hashrate go up now. I don't think that was to be taken seriously.. he was obviously joking Some people are just too serious |
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23 labcoin 774.59 GH/s
24 yaoyao 718.28 GH/s
25 Team USA 684.49 GH/s Look at it this way: They have more hashrate than the USA |
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The first run will yeild 1000-1500 chips @ 130nm, 300Mhz, Power 0.8W, 6.5x6.5mm design. With specs of 5 GH at 2.7W/GHash. The chips are only able to run at 1.8Gh/s and they've been having issues with them, but it's possible some of that may be fixable in software. It would be nice if they gave us a more detailed schedule for when they're going to bring hashpower online. Right now it's " Two WeeksTM" before they are supposed have 25x their current hashpower. If they achieve that it should certainly boost the price. If they don't, it will tank. Hmm ok the chips are underperforming, but what means the "Power 0.8W"? If it's there it has to mean something. But what?  |
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