I noticed that the window showing the transaction details before signing does not show that the trusted coin addresses are multisig addresses and how many signers are needed. The system  works though, no question.

But what I would like to know is how are the addresses created. I mean public keys are needed. Electrum creates two and receives one from trusted coins. So there is no way to meddle in any way with the amount of keys and needed signers I guess.

Only want to confirm.

Hi everyone,

there once was a website called bitcoinmonitor.net. You could add a random bitcoin address and define certain things on when the website should do an action. Like sending out an email after an incoming transaction that received 2 confirmations or so.

Now this site does not exist anymore, only a parking page is hosted on there. But I would like to use such service so that I could get an email on my smartphone once I receive bitcoins on a certain address.

Is there such a service anymore without me having to open a wallet on there?

Thanks!
Sebastian

Since I had to realize that locking a thread is not a thing that I can reverse, I wonder how others can do it though, I will now create a thread and not lock it. Which means answers will come in and since I will not deleted other opinions I will not make a self moderated thread either. Which means I will link to the new posts I make.

So first post was: https://bitcointalk.org/index.php?topic=1474973

Now todays one:
-----------------------------------------------------
I think it makes no sense to go the way I started, I mean step by step. I think first the most important infos should come out.

First: Alberto Armandi is the person behind labcoin

We have proof that he faked the hashing that was going on at one time.

I believe the hotel he tried to sell was posted on here to. We were able to get in contact and a Serra Maria Bonaria talked to an lcsh member, claiming that alberto is her son and why we ask about him. She is 90% shareholder of that hotel.
In a further communication she claimed that she is willing to compensate our losses since she wants to help her children.

Well, we were happy to hear some good news, we could have offered to drop the case and refund every victim on a prozentual loss basis, signing that those that got compensation won't sue again. Those not signing would not get a refund and would have to fight a probably fruitless fight alone.

Unfortunately it took a lot of time until things were ready and at that time Ms. Bonaria did not react anymore. I'm not sure why. Maybe she heard what her son did and heard about the damage he did or something similar. Too bad, it would have been a great ending for all victims. And most probably a better one than simply finding alberto.

Which brought us back to point 1. Finding alberto and seeing if he has some coins left. Which is, seeing his character, pretty useless it seems. But at least, after these investments, he would go where he belongs and it would be a sign to all those f... scammers.

Today I was informed of two articles about him and another known person in the game being catched in january of this year for owning a big amount of drugs. I'm not sure if the police that works on our case is aware of that, since there is no arrest warrant yet, only the police has to question him, but I will see if I can contact the lawyer.

What's important now is to let the italian police question him.

[Thread purpose introduction]

Last update	SearchTag (Search for in this thread to find all changes)
1605162116GMT	1605162116GMT

Please bear with me for today, it already took longer than I wanted but at least a start is done. Sorry for not posting new things yet but I will proceed.


Thread purpose introduction


1605162116GMT
As everyone know Labcoin ended as a failure. To be specific as a scam. And it was started as a scam from the start.

[CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated

It was a started as a project similar to Asicminer, an investment with the plan to develop asic chips, which were a pretty new tech for mining at that time. It was planned to develop the chips, build miners and mine with them plus selling them. It worked with Asicminer pretty fine so alot of bitcoiners invested alot of bitcoins.

[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)

When problems started with Labcoin a group of labcoin shareholders grouped and tried to help the person behind the account Labcoin out. Helping to find solutions though it did not work. So at the end this group was the one that initiated a lawsuit which virtualspade started.

labcoin lawsuit

Iam part of LCSH and we collected alot of evidences that went to the lawyer and the italian police that is searching for the scammer. Unfortunately the case did not proceed in alot of months. I called the lawyer and the only thing we can wait for now is finding the scammer whose identity we know. Since the problem is in this point LCSH-members decided to go out with all the info we have though protecting whistleblowers that asked us to not reveal their name in order to protect them. Of course the details are known to the police.

This thread should serve to shed light on the case and most importantly find the whereabout of the scammer.

I will self-moderate and lock this topic so that in this thread really only the info is posted that we found. The details can be discussed here: Discussion start

I will not post the usernames of those posting or discussing things on the lcsh-forum though of course these lcsh-members can step forward if they wish.

So far for the introduction of this thread. Now I have to filter a list of all the details that should be known and I will try to bring them in some sort of order.

I'm sorry that I took my time to start this thread but for some reason I have an immense work amount at the moment but I will try to take a half hour everytime I can to proceed with this thread.

I will put posts from lcsh-members in quotes.

We know the scammer is Alberto Armadi like the


Hints to the person behind the labcoin -bitcointalk.org account
1605162116GMT


The dates are from 2013.

I'll start off with how Labcoin_dev first logged in...

Aug 08 01:38:20 *   afrotec has quit (Client Quit)
Aug 08 04:41:20 *   labcoin_dev (<!-- e -->~alberto@host173-29-dynamic.49-82-r.ret ... mitalia.it<!-- e -->) has left #labcoin
Aug 08 04:43:21 *   labcoin_dev (<!-- e -->~labcoin_d@31.3.155.166<!-- e -->) has joined #labcoin
Aug 08 07:17:37 *   labcoin_dev has quit (Quit: labcoin_dev)
Aug 08 07:17:45 *   labcoin_dev (<!-- e -->~afrotec@acad53216.wireless.uic.edu<!-- e -->) has joined #labcoin

Some quotes from him early into the chat.

Aug 08 11:37:12    please keep the discussion serious
Aug 08 11:37:20    lead the way
Aug 08 11:37:21    Will Sam be joining us?
Aug 08 11:37:26 *   mitty (4a477a9a@gateway/web/freenode/ip.74.71.122.154) has joined #labcoin
Aug 08 11:37:31 *   kakobrekla (~kako@unaffiliated/kakobrekla) has joined #labcoin
Aug 08 11:37:38    probably later
Aug 08 11:37:58    Can we ask which dev you are?
Aug 08 11:38:20 *   kakobrekla (~kako@unaffiliated/kakobrekla) has left #labcoin
Aug 08 11:38:22    Let's start with the Q/A session. I'm a member of the chinese staff
Aug 08 11:38:36    colleague of H.Zhenhua

I then did a whois on Labcoin_dev during the chat and got this

Aug 08 11:38:34 *   [labcoin_dev] (<!-- e --> ~labcoin_d@31.3.155.166 <!-- e -->): labcoin_dev
Aug 08 11:38:35 *   [labcoin_dev] #labcoin
Aug 08 11:38:35 *   [labcoin_dev] cameron.freenode.net :Vilnius, Lithuania, EU
Aug 08 11:38:35 *   [labcoin_dev] idle 00:00:12, signon: Thu Aug 08 07:17:52
Aug 08 11:38:35 *   [labcoin_dev] End of WHOIS list.

The entire Q&amp;A-Log unedited in case someone is interested:

Aug 08 04:41:20 * labcoin_dev (~alberto@host173-29-dynamic.49-82-r.ret ... mitalia.it) has left #labcoin
Aug 08 04:43:21 * labcoin_dev (~labcoin_d@31.3.155.166) has joined #labcoin
Aug 08 07:17:37 * labcoin_dev has quit (Quit: labcoin_dev)
Aug 08 07:17:45 * labcoin_dev (~afrotec@acad53216.wireless.uic.edu) has joined #labcoin
Aug 08 11:27:15 * epk (0c979003@gateway/web/freenode/ip.12.151.144.3) has joined #labcoin
Aug 08 11:27:21 * whyman9 (0279bee9@gateway/web/freenode/ip.2.121.190.233) has joined #labcoin
Aug 08 11:28:30 hi there
Aug 08 11:28:53 * poo (d49f584a@gateway/web/freenode/ip.212.159.88.74) has joined #labcoin
Aug 08 11:28:55 * testing (6db626fd@gateway/web/freenode/ip.109.182.38.253) has joined #labcoin
Aug 08 11:29:17 * ponderer (8ecdf1fd@gateway/web/freenode/ip.142.205.241.253) has joined #labcoin
Aug 08 11:29:48 * testiningigngi (6db626fd@gateway/web/freenode/ip.109.182.38.253) has joined #labcoin
Aug 08 11:30:05 Have we missed anything?
Aug 08 11:30:09 * HuLaN_ (~matuszed@107-0-44-82-ip-static.hfc.comcastbusiness.net) has joined #labcoin
Aug 08 11:34:14 * topace (~topace@unaffiliated/topace) has joined #labcoin
Aug 08 11:34:18 * marco__ (671d8ca0@gateway/web/freenode/ip.103.29.140.160) has joined #labcoin
Aug 08 11:34:18 * Korbman (~Korbman@unaffiliated/korbman) has joined #labcoin
Aug 08 11:34:24 * kleeck (~anus@inara.p.engu.in) has joined #labcoin
Aug 08 11:34:57 Ladies &amp; Gentleman! Get ya popcorn hea! Fresh popcoooooorn!
Aug 08 11:35:09 * CrptQo is now known as Cryptoquo
Aug 08 11:35:42 mmmmmmmmm popcorn
Aug 08 11:35:51 * zefy (~umrysh@204.191.254.70) has joined #labcoin
Aug 08 11:36:31 hello everyone, i am not a troll
Aug 08 11:36:36 * Graet (~Graet@unaffiliated/graet) has joined #labcoin
Aug 08 11:36:42 * ThickAsThieves is now known as Sam_Noi
Aug 08 11:36:44 i will try to do my best to answer your questions
Aug 08 11:36:48 surprise!
Aug 08 11:36:59
Aug 08 11:37:00 * Sam_Noi is now known as ThickAsThieves
Aug 08 11:37:01 woah wot.....Sam Noi is TAT?
Aug 08 11:37:02 lol
Aug 08 11:37:05 * conman (~con@2001:44b8:4101:f000:ea40:f2ff:fed1:dc74) has joined #labcoin
Aug 08 11:37:06 lol
Aug 08 11:37:12 please keep the discussion serious
Aug 08 11:37:20 lead the way
Aug 08 11:37:21 Will Sam be joining us?
Aug 08 11:37:26 * mitty (4a477a9a@gateway/web/freenode/ip.74.71.122.154) has joined #labcoin
Aug 08 11:37:31 * kakobrekla (~kako@unaffiliated/kakobrekla) has joined #labcoin
Aug 08 11:37:38 probably later
Aug 08 11:37:58 Can we ask which dev you are?
Aug 08 11:38:20 * kakobrekla (~kako@unaffiliated/kakobrekla) has left #labcoin
Aug 08 11:38:22 Let's start with the Q/A session. I'm a member of the chinese staff
Aug 08 11:38:29 labcoin_dev: Please give us a detailed specification of the chip and its current status.
Aug 08 11:38:34 * [labcoin_dev] (~cheeseDoo@47.54.79.11) has joined #labcoin
Aug 08 11:40:48 1. Please give us a detailed specification of the chip and its current status.
Aug 08 11:40:49 2. How will you show transparency with the 75% retained shares.
Aug 08 11:41:27 3. Are your first run ASICs in production?
Aug 08 11:41:31 4. How many wafers?
Aug 08 11:41:40 noted
Aug 08 11:41:48 5. How many chips do you expect to get out of the first batch?
Aug 08 11:42:02 anyone else?
Aug 08 11:42:17 1. Software used for mining, protocol development 3. Hardware sales or company mining 4. TH deployment, amount
Aug 08 11:42:31 lol
Aug 08 11:42:51 Holly arent some of those answered already?
Aug 08 11:43:01 * EnussioWillian (bc6b5439@gateway/web/freenode/ip.188.107.84.57) has joined #labcoin
Aug 08 11:43:07 I already wrote them, and nothing is answered yet
Aug 08 11:43:22 Alright,the 130nm IC is designed to work at about 200 Mhz for core, with a total consumption of 0.8W per core, hashing performances of about 200 mhash per core, total speed will depend on the overall output grade
Aug 08 11:44:06 do we have any chip guys here?
Aug 08 11:44:10 where's Vbs?
Aug 08 11:44:21 * peter123_ (8b12f360@gateway/web/freenode/ip.139.18.243.96) has joined #labcoin
Aug 08 11:44:30 c&amp;p his questions from the forum
Aug 08 11:44:47 the IC covers an area of 6.5mm x 6.5mm and it has been designed following ideas similar to those employed in the bitfury ASIC
Aug 08 11:44:55 * Kushedout (9f53a8fe@gateway/web/freenode/ip.159.83.168.254) has joined #labcoin
Aug 08 11:45:08 I think what everyone would ideally want something that looks like the Avalon Detailed Spec
Aug 08 11:45:10 * tucenaber (~tucenaber@unaffiliated/tucenaber) has joined #labcoin
Aug 08 11:45:16 * grilledplatypus (dexX7@dslb-188-107-084-057.pools.arcor-ip.net) has joined #labcoin
Aug 08 11:47:26 * dexX7 has quit (Changing host)
Aug 08 11:47:26 * dexX7 (dexX7@unaffiliated/dexx7) has joined #labcoin
Aug 08 11:47:36 any estimates when u will receive the sample chips?
Aug 08 11:47:40 hi
Aug 08 11:48:07 * aristodemus (4094f1e7@gateway/web/freenode/ip.64.148.241.231) has joined #labcoin
Aug 08 11:48:33 * eleet (~znello@ip51ccd38c.adsl-surfen.hetnet.nl) has joined #labcoin
Aug 08 11:50:35 * VanCleef (~cino@unaffiliated/bithub) has left #labcoin
Aug 08 11:51:20 were there already some questions about power efficiency? How to expect staying positive on income vs the electricity bill? (wasn't here for the first part)
Aug 08 11:51:35 nope
Aug 08 11:51:47 this a question vbs asked more or less, too
Aug 08 11:52:03 130nm chip, 200mhz core, 0.8w pre core
Aug 08 11:52:06 200mhash
Aug 08 11:52:07 how is it possible to create chips with a such much better performance than the competitors
Aug 08 11:52:27 curious of that too
Aug 08 11:52:30 * aristodemus has quit (Client Quit)
Aug 08 11:52:49 I'd like to view labcoin_dev's estimation on dificulty vs electricity
Aug 08 11:52:58 Chip frequency : 300Mhz, Process : 130nm CMOS, Die size: 4160,0000um2, VDD : 1.2-1.5 V adjustable
Aug 08 11:53:03 ??
Aug 08 11:53:14 grilledplatypus: English please!
Aug 08 11:53:32 I will post a current question list momentarily
Aug 08 11:53:55 * rlight (dede9602@gateway/web/freenode/ip.222.222.150.2) has joined #labcoin
Aug 08 11:53:56 magic unicorn
Aug 08 11:53:58 ??ASICS???
Aug 08 11:54:04 close..
Aug 08 11:54:23 * virtuals (~mirek@216.191.broadband10.iol.cz) has joined #labcoin
Aug 08 11:56:32 I'm assuming 1 week from now
Aug 08 11:56:34 as it's using a different library,different logic blocks layout
Aug 08 11:56:40 how can you fit 16 cores on 6.5x6.5 ?
Aug 08 11:56:50 labcoin_dev: After this Q&amp;A is completed, can you take a couple of photos from your lab environment / screen shots on chips software and upload to bitcointalk thread or for one of us to upload if you dont have permission yet?
Aug 08 11:57:04 Who is doing the software?
Aug 08 11:57:19 the cores we have fit are not classical "unrolled cores",the cores as we mean them are the result of our engineering effort
Aug 08 11:57:45 So you've arranged them to fit more on the same size?
Aug 08 11:57:57 we adopt a "sea-of-hashers" approach
Aug 08 11:57:58 from vbs: "For that to be possible, not only each Labcoin core would have to be ~42% smaller [65/130*(6.5^2)/(7.1^2)] than each BFL core but also the Labcoin chip would magically operate at a higher frequency (300MHz vs 250MHz) while keeping the same power draw..."
Aug 08 11:58:21 i remind you guys that the bitfury chip has up to 750 cores
Aug 08 11:58:59 how many cycles per hash?
Aug 08 11:59:12 they also use the same approach, we chose this design because one of our guys was close to bitfury developments 2 months ago
Aug 08 11:59:42 how many cores on average per chip, what is your assumption
Aug 08 11:59:43 i'll pass the questions i can't reply to the lead developer
Aug 08 12:00:11 * hammurabi (https://bitcointalk.org/index.php?topic ... msg2891705
Aug 08 12:01:26 all questions and answers so fat
Aug 08 12:01:30 far*
Aug 08 12:01:40 elk, there are many, including those of the de2 board+wr703N
Aug 08 12:02:19 labcoin seems almost small now in the light of new competitors like btcgarden, hashfast, actm, terrahash.. do you think you can keep up?
Aug 08 12:02:27 btcgarden?
Aug 08 12:02:27 * eleet (https://bitcointalk.org/index.php?topic ... msg2891705
Aug 08 12:06:35 competitors will have to prove themselves
Aug 08 12:06:38 2. How will you show transparency with the 75% retained shares?
Aug 08 12:06:41 are we indeed have to
Aug 08 12:06:49 Sure we won't see 28nm in Sept. but what about by December? Is this a concern of yours?
Aug 08 12:06:50 75% of shares are locked
Aug 08 12:07:00 Can you prove it?
Aug 08 12:07:08 locked in the account by burnside, i don't think we can sell them
Aug 08 12:07:18 We need two things:
Aug 08 12:07:25 i need to ask the management, how would you like it proved?
Aug 08 12:07:27 1. Evidence the shares are still held
Aug 08 12:07:31 * HuLaN_ has quit (Quit: Leaving)
Aug 08 12:07:36 * Damiano (cc6c0c71@gateway/web/freenode/ip.204.108.12.113) has joined #labcoin
Aug 08 12:07:38 2. Testimony from Burnside they are locked
Aug 08 12:07:41 labcoin_dev: Sorry to insist but when asked if you can prove you weren't vaporware, you mostly replied in terms of competitors and why they are. What about you?
Aug 08 12:07:59 right, as said, we're on the same boat
Aug 08 12:08:16 * funcard has quit (Ping timeout: 250 seconds)
Aug 08 12:08:20 if Burnside can also comment on the locked shares that will definitely help
Aug 08 12:08:21 time will tell and the sheer of technical details we have provided is not trivial
Aug 08 12:08:33 it's very unlikely we are making everything up
Aug 08 12:08:41 lol
Aug 08 12:08:43 We can't just take your word for it
Aug 08 12:08:46 if you just understand the field a bit
Aug 08 12:09:00 13. So if everything goes as planned - we'll see Labcoin start hashing in the first week of September? Can you please confirm?
Aug 08 12:09:04 well,of course it's not a 100% true statement
Aug 08 12:09:20 confirm, hashing with moderate speed and testing
Aug 08 12:09:28 now...whats moderate speed? lol
Aug 08 12:09:33 and within the end of the month, we'll have the full speed online
Aug 08 12:09:34 as in TH deployment?
Aug 08 12:09:39 well not 30-50 TH
Aug 08 12:10:05 not sure what will be the yield of the test-run but it's in the thousands ICs
Aug 08 12:10:31 that knowledge will be known as soon as you get the chips, correct?
Aug 08 12:10:40 so how many TH's will be hashing in September?
Aug 08 12:10:43 well I mean after the testing of course
Aug 08 12:10:45 Hollywood&gt; labcoin_dev - is TheSeven the same 7 that was involved with fpgamining?
Aug 08 12:10:48 correct, also,next week we'll have the next batch going out
Aug 08 12:10:52 out to fab*
Aug 08 12:11:06 in september we may have a few TH
Aug 08 12:11:30 why did you chose TheSwede75?
Aug 08 12:11:35 have you heard of any notice on delays from the manufacturing?
Aug 08 12:11:41 i can't give exact figures, by the end of Sept, initial week of october we'll have the full speed online
Aug 08 12:11:54 Will you post the result of the fist test run on forum 1 week later as you mentioned?
Aug 08 12:12:07 we have heard and we're very familiar with that, everything is accounted for
Aug 08 12:12:11 * billy2938 has quit (Ping timeout: 250 seconds)
Aug 08 12:12:13 * fcoin (751820ae@gateway/web/freenode/ip.117.24.32.174) has joined #labcoin
Aug 08 12:12:17 * whoiswho (~Adium@cpc9-perr13-2-0-cust398.perr.cab ... nmedia.com) has joined #labcoin
Aug 08 12:14:29 excellent
Aug 08 12:14:40 ThickAsThieves, rolled cores instead of unrolled, sea-of-hashers approach
Aug 08 12:14:50 sounds legit .
Aug 08 12:15:07 as in sea-of-gates
Aug 08 12:15:14 rolled cores should mean more cycles per hash...
Aug 08 12:15:21 you can google this term and find out more about what it means technically
Aug 08 12:15:36 so we can expect to hear more information on the first week of Sept, regarding the chips
Aug 08 12:15:40 honestly I don't have a clue about chip design. Might as well tell me there is a sea of quantum core inhibitors in the nexus matrix.
Aug 08 12:15:40 which staff of labcoin is present?
Aug 08 12:15:46 [11:38] colleague of H.Zhenhua
Aug 08 12:16:05 yes, assistant
Aug 08 12:16:09 anyone else?
Aug 08 12:16:13 Sanity: its the flux capacitor
Aug 08 12:16:22 Howard isn't available so asked me to take care of the Q/A for now
Aug 08 12:16:24 tricone developed this for approach for MMQ - is tricone involved?
Aug 08 12:16:25 i heart that before lol
Aug 08 12:16:31 epk: I'm worried a singularity might explode!
Aug 08 12:16:32 howard is not exist
Aug 08 12:16:37 lol
Aug 08 12:16:38 i'll get detailed replies about the rolled cores from him
Aug 08 12:16:51 tell fabrizio come on skype
Aug 08 12:16:52 userioao : He exists
Aug 08 12:16:59 before stock plunges
Aug 08 12:17:16 labcoin_dev: so the chips are ready soon. how's the status of the boards?
Aug 08 12:17:17 what are the chances that the chips won't work? can you guestimate?
Aug 08 12:17:27 we're not worried about this, as soon as the hashing power comes up, the price will go the right route
Aug 08 12:17:34 Notice: Try to keep stock speculation out of this discussion please.
Aug 08 12:17:35 * jyaken has quit (Client Quit)
Aug 08 12:17:53 tucenaber there's a small chance that the chip won't work, but very very small
Aug 08 12:18:20 it's much more common to get slightly underperforming chips rather than completely dead ones
Aug 08 12:18:28 more like, some percentage will be defective?
Aug 08 12:18:41 Does that have to do with the 'sea of gates' method lending to corruption?
Aug 08 12:18:46 yes, and some percentage will underperform
Aug 08 12:19:01 who is samuel noi
Aug 08 12:19:05 pseudonym of fabrizio
Aug 08 12:19:12 sorry,zefi, what do you mean?
Aug 08 12:19:33 userioao : Sam is our nominee director, Fabrizio is the founder
Aug 08 12:19:46 sam doesnt exist
Aug 08 12:19:49 i'm just an employer, like H.Zhenhua and theSeven
Aug 08 12:20:02 labcoin_dev are you chinese?
Aug 08 12:20:16 userioao : i am not
Aug 08 12:20:32 labcoin_dev: so the chips are ready soon. how's the status of the boards?
Aug 08 12:20:36 an employer or employee?
Aug 08 12:20:42 employee
Aug 08 12:20:45 employee* sorry
Aug 08 12:20:49 "employee"
Aug 08 12:21:03 how's the status of the boards?
Aug 08 12:21:08 thanks marco
Aug 08 12:21:40 The boards are near their design completion and will be tested as soon as we have the chips
Aug 08 12:21:45 * bobbabad (~dragonmoc@c-76-19-192-64.hsd1.ma.comcast.net) has joined #labcoin
Aug 08 12:25:07 we'll be ordering components according to the volume needed to avoid bottlenecks
Aug 08 12:25:19 24july first one
Aug 08 12:25:25 where is the lab?Shenzhen or Hongkong? Can we have a chance to visit? When if not now?
Aug 08 12:25:56 lab is located in SZ, at the university facility, we'll be moving shorty to another office
Aug 08 12:26:16 we'll be inviting selected investors to visit our datacenter in september
Aug 08 12:26:27 http://www.labcoin.com/presentation.html are these photos of the real where u r working in?
Aug 08 12:26:38 yes,they are real
Aug 08 12:26:43 it's the university i mentioned
Aug 08 12:27:08 labcoin_dev: are you chinese team or european?
Aug 08 12:27:14 i think it was mentioned there was 2
Aug 08 12:27:30 i am european
Aug 08 12:27:35 ok
Aug 08 12:27:46 i get the impression that you want to stay anonymous. Why?
Aug 08 12:27:47 H.Zhenhua is Chinese and theSeven also european
Aug 08 12:28:06 tucenaber: think about it
Aug 08 12:28:41 i can only speculate
Aug 08 12:28:53 well i am just helping Mr.Zhenhua, and i'm only an assistant, i wasn't authorized to release my credentials
Aug 08 12:29:16 he will give a presentation about me as well if needed later, or maybe Fabrizio will
Aug 08 12:29:25 Needed
Aug 08 12:29:28 we're just acting as a technical staff
Aug 08 12:29:53 sorry to disappoint you guys, but i think the important informations are out already
Aug 08 12:30:17 what are your concerns?
Aug 08 12:30:25 how long did it take for your team to finish the chip design?
Aug 08 12:30:36 labcoin_dev: dw it's very clear
Aug 08 12:30:59 anybody is a big investor?
Aug 08 12:31:01 about 4 months of work totally
Aug 08 12:31:03 labcoin_dev, are you a shareholder?
Aug 08 12:31:12 here's the summary report https://bitcointalk.org/index.php?topic ... msg2891705
Aug 08 12:31:12 negative afrotec
Aug 08 12:31:27 anyone who is big shareholder??
Aug 08 12:31:29 Gj ThickAsThieves!
Aug 08 12:31:38 I only have one question for labcoin staff, is there a projection or estimate for how many Bitcoins labcoin's mining effort can generate the first month factoring in the difficulty? Or is such a forecast impossible?
Aug 08 12:31:42 When will we get proof of the amount of shares still held by labcoin and that they are locked?
Aug 08 12:32:24 TAT.Maybe Burnside is the right person to your question.
Aug 08 12:32:50 Labcoin would need to ask burnside to to this
Aug 08 12:32:50 not me
Aug 08 12:33:20 really no big shareholders?
Aug 08 12:33:29 generatorpop: it's kind of hard, but we estimate something like 5000-6000 bitcoin in october if the difficulty will be around 80 millions
Aug 08 12:33:29 generator, they'll say they won't know until they receive the testing unit
Aug 08 12:33:40 ThickAsThieves: I think TheSwede replied he would post an answer on that later.
Aug 08 12:33:45 * znello has quit (Read error: Operation timed out)
Aug 08 12:33:56 i'm going out on a limb, just an estimation, very rough
Aug 08 12:34:10 define big
Aug 08 12:34:17 I would hope on the conservative side as well.
Aug 08 12:34:22 thank you for answering my question, that matches my estimation exactly and I have enough faith to keep my shares
Aug 08 12:34:23 don't even report it on the q/a list if possible,thanks
Aug 08 12:34:26 userioao: Don't you think if there were, they would have replied already? Or maybe they want to stay anonymous?
Aug 08 12:34:38 fair enough
Aug 08 12:34:42 their loss
Aug 08 12:34:43 glad it's been of some help for you.
Aug 08 12:35:09 I own a ton, but not revealing my position, I considar my position to be medium-large
Aug 08 12:35:23 and you gonna lose out
Aug 08 12:35:24 just wait
Aug 08 12:35:31 lol
Aug 08 12:35:47 As you mentioned before.You have got a first chip order from customer.who is it?Myminer?
Aug 08 12:35:47 ThickAsThieves,the IPO manager will arrange some kind of way for burnside to release that information
Aug 08 12:36:06 This needs to be done in a timely manner
Aug 08 12:36:10 * anonce (8e379a4a@gateway/web/freenode/ip.142.55.154.74) has joined #labcoin
Aug 08 12:36:13 userioao : are you a disturber here? or? what's your role?
Aug 08 12:36:27 someone kick out this disturber please
Aug 08 12:36:29 labcoin_dev: you and burnside fucked me in the ass
Aug 08 12:36:35 labcoin_dev: Ok!
Aug 08 12:36:36 when?
Aug 08 12:36:37 ill post on forum if u like
Aug 08 12:36:44 i bought at ipo and sold at the top and repurchased so i think im in a good position
Aug 08 12:36:45 dumping 100k shares cheap
Aug 08 12:36:52 for what? we can find a solution if you explain what happened
Aug 08 12:36:54 userioao: Please stop your spamming until the Q&amp;A is over.
Aug 08 12:36:58 OK
Aug 08 12:37:15 msg me privately, i'll bring the fact to the management
Aug 08 12:37:18 i'm sure that since he's/she is a member of the technical staff, issues regarding shares isn't their expertise. I'd be more interested in questions regarding the chips and boards.
Aug 08 12:37:30 blackswan: Correct!
Aug 08 12:37:30 ^ +1
Aug 08 12:37:34 lol
Aug 08 12:38:10 * anon1221 has quit (Ping timeout: 250 seconds)
Aug 08 12:38:52 Are there anymore Chip, Deployment, Design questions?
Aug 08 12:39:09 labcoin_dev: what is the biggest risk?
Aug 08 12:39:48 I would think the biggest risk would be an unavoidable delay on the production end.
Aug 08 12:40:01 As you mentioned before.You have got a first chip order from customer.who is it?Myminer?
Aug 08 12:40:16 delays in production and difficulty rising too much, but we don't expect these issues now
Aug 08 12:40:26 Why would they release customer information to random people without that person's consent?
Aug 08 12:40:34 sorry, when did we say such?
Aug 08 12:41:00 sell sell sell
Aug 08 12:41:05 buy cheap now
Aug 08 12:41:08 wait.I check the url. Plz keep going.
Aug 08 12:41:21 are there any reasons to expect delays in production?
Aug 08 12:41:27 userioao: Please stop now. There's plenty of time to troll people after this.
Aug 08 12:41:33 i'm not trolling
Aug 08 12:41:36 You never expect delays, but you always plan for them.
Aug 08 12:41:43 don't lose ur money
Aug 08 12:41:48 dude leave
Aug 08 12:41:58 what i mean is is there a significant risk?
Aug 08 12:42:02 IGNORE/ userioao
Aug 08 12:42:08 userioao: Take it to bitcointalk, Last warning.
Aug 08 12:42:20 ok
Aug 08 12:42:35 * MobiusL (~aa@gateway/tor-sasl/mobiusl) has joined #labcoin
Aug 08 12:42:44 tucenaber : the risk is present but not significant, we are in Shenzhen and we know the market deeply
Aug 08 12:42:55
Aug 08 12:43:00 Hey MobiusL, Not surprising to see you pop up .
Aug 08 12:43:09 hello
Aug 08 12:43:17 hello
Aug 08 12:43:18 Do you have a plan in place should something happen? Natural disaster/ etc
Aug 08 12:43:52 Do you have another manufacturer as a contingency?
Aug 08 12:43:58 * Menoetius (~hidden@unaffiliated/menoetius) has joined #labcoin
Aug 08 12:44:09 Your website is an eye sore, if you intent for people to take you as a bunch of professionals, I would suggest updating it.
Aug 08 12:44:20 yes, we have financial resources to move everything to another supplier, and we have a list of them
Aug 08 12:44:39 labcoin_dev: you mentioned 50 TH by end of Sept. - begin of Oct. Any further deployment plan following that?
Aug 08 12:44:56 labcoin crashing!
Aug 08 12:45:00 Rulother_ : you're right, the website needs an update
Aug 08 12:45:10 [12:44] &lt;@assbot&gt; [BTCTC] [LABCOIN] 1728 @ 0.001201 = 2.0753 BTC [-]
Aug 08 12:45:14 * poo has quit (Quit: Page closed)
Aug 08 12:45:14 ThickAsThieves: I'm selling all
Aug 08 12:45:19 considering the supply chain remains constant, I would expect a constant improvement in TH
Aug 08 12:45:26 * ciumi (4f77bf04@gateway/web/freenode/ip.79.119.191.4) has joined #labcoin
Aug 08 12:45:31 San, time to kick
Aug 08 12:45:42
Aug 08 12:45:51 TheSwede posted this.https://bitcointalk.org/index.php?topic ... msg2855443 Can yo verify it.?Maybe it's not a order.
Aug 08 12:46:11 of course, after the first 50 TH we'll continue deploying more
Aug 08 12:46:23 Let's start with the Q/A session. I'm a member of the chinese staff
Aug 08 12:46:36 didn't u say u not chinese, yo are euruopean
Aug 08 12:46:43 yes we received a lot of requests but not yet orders
Aug 08 12:46:43 ip in stockholm on a vps
Aug 08 12:46:51 yes i work remotely with the chinese
Aug 08 12:46:53 * arandomp (ae1920d0@gateway/web/freenode/ip.174.25.32.208) has joined #labcoin
Aug 08 12:46:55 sure
Aug 08 12:47:03 zefy: Don't want to admin abuse, but seriously userioao, let the people here have their Q&amp;A, only talk about relevant stuff. (NOT SHARE PRICE)
Aug 08 12:47:03 One can go to school in a country that is not of their nationality
Aug 08 12:47:14 it isn't unheard of y'now
Aug 08 12:47:24 well useraiao you're a troll and aren't saying anything meaningful
Aug 08 12:47:43 labcoin_dev: you are invested in asicminer
Aug 08 12:47:48 * znello (http://cn.linkedin.com/in/fabriziotatti
Aug 08 12:51:06
Aug 08 12:51:08 Samuel Noi
Aug 08 12:51:09 - Nominee Director of iTec-Pro Ltd and PR representative for Labcoin.
Aug 08 12:51:11
Aug 08 12:51:12 Howard Wang
Aug 08 12:51:14 - Team Leader at Research Institute of Tsinghua University in Shenzhen
Aug 08 12:51:15 - Master's, Electronic Science and Technology Tsinghua University in Integrated Circuits &amp; Systems
Aug 08 12:51:17 - Bachelor's, Electronic and Information Engineering Beijing University Aeronautics and Astronautics
Aug 08 12:51:18
Aug 08 12:51:20 Michael Sparmann (theSeven)
Aug 08 12:51:21 - Bitcoin expert, contributor for Open-Source FPGA Bitcoin miner
Aug 08 12:51:23 - Generalist software developer, touched most layers from electronics to web development
Aug 08 12:51:24 - Background on low level software (down to the hardware interface, bare-metal software, operating systems, kernel, etc. )
Aug 08 12:51:26
Aug 08 12:51:26 Daniel Larsson (TheSwede75)
Aug 08 12:51:27 - Marketer, member of Bitcointalk, group-buy manager and bitcoin enthusiast. Acting as communications assistant with Labcoin.com in IPO and marketing.
Aug 08 12:51:40 (of the ones we haven't heard about)
Aug 08 12:51:43 that's just a copy paste
Aug 08 12:51:50 * eleet has quit (Remote host closed the connection)
Aug 08 12:51:51 I was under the impression this QA was going to get into the fine details of the operation...not the broad strokes on how you're a mining company and you're going to deploy multiple TH/s, blah, blah
Aug 08 12:51:55 and who are you labcoin_dev
Aug 08 12:51:58 these are informations already provided
Aug 08 12:52:03 Do you plan on joining the team eventualy dev?
Aug 08 12:52:11 yes, what about the 2 you have not mentioned?
Aug 08 12:52:12 Korbman: go ahead and raise the questions you like
Aug 08 12:52:16 i'm not authorized to release credentials yet,sorry
Aug 08 12:52:18 oops
Aug 08 12:52:20 * grilledplatypus has quit (Quit: leaving)
Aug 08 12:52:21 1 you havnet mentioned
Aug 08 12:52:31 * pankkake (~mius@baerlin.eu) has joined #labcoin
Aug 08 12:54:20 anyone else have technical questions?
Aug 08 12:54:35 zefy : sorry that was a typing mistake
Aug 08 12:54:41 Howard W. Zhenhua
Aug 08 12:54:51 or Wang Zhenhua chinese name only
Aug 08 12:54:57 ok
Aug 08 12:55:01 reading through TATs BCT post on questions, hold on
Aug 08 12:55:07 sure
Aug 08 12:55:18 are you going to implement a way to allow overclocking the final units?
Aug 08 12:55:19 when will the factory be rolling the chips off the assembly line?
Aug 08 12:55:38 approx 1-2 week after receipt of test unit
Aug 08 12:55:41 Not technical no, but i want to ask, what was the last major hurdle in development, that Labcoin overcame?
Aug 08 12:55:51 dexX7 probably the clock generator will be an adjustable one
Aug 08 12:56:45 did you run power analysis?
Aug 08 12:56:56 whyman9 : implementing the sea-of-gates approach and translating it to the physical layer, doing the place and route task
Aug 08 12:57:18 nice answer
Aug 08 12:57:25 userioao : of course, the EDA tools reported power analysis
Aug 08 12:57:32 right
Aug 08 12:57:57 what next hurdle do you see?
Aug 08 12:58:04 labcoin_dev: just so I have it straight, test chips will be available to you guys in September?
Aug 08 12:58:11 http://bcoinnews.com/bitcoin-assets-news/
Aug 08 12:58:13 and then after that comes full production?
Aug 08 12:58:14 summary
Aug 08 12:58:33 whyman9 : next hurdle will be getting the boards to work, but seriously a minor hurdle
Aug 08 12:58:35 * MobiusL has quit (Remote host closed the connection)
Aug 08 12:58:42 * EnussioWillian has quit (Quit: Page closed)
Aug 08 12:58:55 regarding the chips, before September we'll have test chips
Aug 08 12:59:00 thanks
Aug 08 12:59:07 I'm off for a while guys
Aug 08 12:59:09 if there are delays, it will slide to September
Aug 08 12:59:20 cya san1ty
Aug 08 12:59:31 If you have any issues just pm San1ty and I'll take care of it tonight.
Aug 08 12:59:36 labcoin_dev: ah, ok. So essentially the end(ish) of August
Aug 08 12:59:48 which foundry do you work with?
Aug 08 12:59:55 thanks Sani1ty_
Aug 08 13:00:02 What reason would delay it?
Aug 08 13:00:05 we work with TMSC through SZICC
Aug 08 13:00:28 fab delays only
Aug 08 13:00:58 * bluehorshoe (483194fa@gateway/web/freenode/ip.72.49.148.250) has joined #labcoin
Aug 08 13:01:03 Is there cost implications and/or time?
Aug 08 13:01:37 well there would be a slight delay in finalizing the boards
Aug 08 13:01:54 slightly offtopic.. but, are there any other business streams/ideas you may wish to pursue with the company next year besides bitcoin machine sales and mining?
Aug 08 13:02:01 and the cost of that?
Aug 08 13:02:07 but we're definitely still on track for september/october even if there's a small delay with test chips
Aug 08 13:02:28 * MobiusL (~aa@gateway/tor-sasl/mobiusl) has joined #labcoin
Aug 08 13:02:44 we actually think about setting up a laboratory to study 3D printed electronic circuits
Aug 08 13:02:53 * generatorpop has quit (Ping timeout: 264 seconds)
Aug 08 13:03:00 we're focusing on this area of research lately
Aug 08 13:03:19 will this be done under labcoin or other entity the "shareholders" aren't part of?
Aug 08 13:03:31 this shall be decided
Aug 08 13:03:47 i don't know about this, and i'm only an employee as said
Aug 08 13:03:54 this is a question for management
Aug 08 13:04:00 i'll pass it on
Aug 08 13:04:46 Can we get a management Q&amp;A as well?
Aug 08 13:04:54 we're getting it
Aug 08 13:05:09 of course, probably tomorrow the founder will be online
Aug 08 13:05:26 perhaps not technical, but how will you choose between selling chips vs mining yourself?
Aug 08 13:05:57 according to how fast the difficulty is rising, number of competitors, specs of competing products
Aug 08 13:06:06 * genpop (~root@62.212.85.107) has joined #labcoin
Aug 08 13:12:07 just because you made a dumb trading decision doesn't mean this company "fucked" you.
Aug 08 13:12:11 tucenaber : 65nm chip details were not discussed properly, but i do not have enough informations about it right now, H.W.Zhenhua will take care of that in the next days
Aug 08 13:12:13 * bahhhh (98032ba4@gateway/web/freenode/ip.152.3.43.164) has joined #labcoin
Aug 08 13:12:26 ya got weak hands boi
Aug 08 13:12:29 weak hands
Aug 08 13:12:31 I never sell for less than I bought, if I can't get at least a profit then I hold
Aug 08 13:12:33 lol
Aug 08 13:12:43 it's going nowhere fast
Aug 08 13:12:49 full of lies and deception
Aug 08 13:12:57 userioao : i'm sorry you have had a bad experience with the IPO, but it was out of our control, i think the exchange site had a bug, wasn't that the reason?
Aug 08 13:12:57 only interesting thing is how many he can convince
Aug 08 13:13:09 if you think labcoin is a scam then go invest in asicminer
Aug 08 13:13:20 userioao : you will be soon very disappointed
Aug 08 13:13:22 this is what labcoin themselves do
Aug 08 13:13:25 god bless their soul
Aug 08 13:13:28 lol
Aug 08 13:13:39 labcoin_Dev: you know what, i hope i am
Aug 08 13:13:46 userioao : keep your shares
Aug 08 13:13:49 +labcoin_dev: no need to respond to userioao. it's not worth your time. just ignore him.
Aug 08 13:14:01 test test
Aug 08 13:14:13 he's responding cause he knows it's true
Aug 08 13:14:31 userioao i respond because i don't want you to get screwed twice
Aug 08 13:14:40 * bahhhh has quit (Client Quit)
Aug 08 13:14:47 i've already lost- i was just wondering what your end game is
Aug 08 13:14:52 final decision it's up to you
Aug 08 13:15:08 +labcoin_dev: in case i missed it, can you describe your operational locations? I don't need exactly where they are but I'd like to know details like: power available, cooling, etc. Are these traditional data centers or warehouses?
Aug 08 13:15:20 consider this, the price of Bitcoin goes up to 130 and labcoin makes a huge profit in October
Aug 08 13:15:44 pls just ban me
Aug 08 13:15:55 I don't know what they'll be hashing at in November and December but if they increase their hash rate, we may get a Christmas bonus in dividend
Aug 08 13:16:02 cant : for now the development is located at the university site mentioned in the tech team presentation, but we'll be getting an office in the Nanshan high-tech park, shenzhen
Aug 08 13:16:06 they wont be hashing anything in nov
Aug 08 13:16:34 maybe 2 usb block erupters
Aug 08 13:16:51 we'll have up to 25 kW electricity link available and plenty of room conditioning, initially we'll be rolling out our own datacenter
Aug 08 13:16:52 Nanshan high-tech park, shenzhen~~ tat is near my house~~ I would like to visit when it is open
Aug 08 13:16:53 I bet a competitor hired you to troll
Aug 08 13:16:58 i hired myself
Aug 08 13:17:11 If labcoin can keep the 10-15% hashrate they stated I think we all will havea nice christmas =)
Aug 08 13:17:41 Ray2003, of course, we'll give notice when a visit is possible. For security reasons we'll arrange visits with reputable members or big shareholders
Aug 08 13:17:52 * callmeishmael (478f6c69@gateway/web/freenode/ip.71.143.108.105) has joined #labcoin
Aug 08 13:18:00 well they claim something like 6000 bitcoin in October? that's pretty good, if they can double that it's fantastic
Aug 08 13:18:26 Not a claim to be spread, mind you. It was an estimate..
Aug 08 13:18:35 the whole of remaning profits after dividends disbursement will be re-invested
Aug 08 13:18:36 its not going to be spread, don't worry
Aug 08 13:18:56 but I don't think their competition will be able to achieve 300 TH or whatever BTC garden is claiming
Aug 08 13:19:03 i'm afk for a few hours. thanks for the q&amp;a. bye
Aug 08 13:19:04 I have more that 20,000 shares ~~ Enough for tat?
Aug 08 13:19:08 and the amount of money raised with the IPO has been spent only by 25%
Aug 08 13:19:13 or 500 from icemine..
Aug 08 13:19:27 20,000 shares is not a lot out of 10 million
Aug 08 13:19:32 one of the first posts someone brought up how it would be basically impossible in the timeframe they gave
Aug 08 13:19:47 i won't talk again about competition but i suggest you guys to compare factually what we have shown and what others have shown
Aug 08 13:19:48 you want to have at least 50k shares, 100k even and then you can quit your job
Aug 08 13:19:53 live off dividends
Aug 08 13:20:04 genpop: gimme shares
Aug 08 13:20:08 i want to not work..
Aug 08 13:20:17 I wish I could afford 100k shares, I would buy
Aug 08 13:20:22 trace the similarities between all the propositions and keep an eye only on those with a solid appearance.
Aug 08 13:20:48 I think setting lower immediate estimates is the wise choice in that respect..
Aug 08 13:20:51 basically opposite of you
Aug 08 13:20:57 BTC garden was way overpriced
Aug 08 13:21:15 aiming for 10's of TH in 1-2 months is ookay, but it will need current updates after test unit is received
Aug 08 13:21:21 which I don't doubt of you guys
Aug 08 13:21:45 zefy 10s of TH is believable, BTC garden is talking hundreds of TH which to me isn't believable
Aug 08 13:21:46 our goals are real and consistent with the amount of money raised and invested
Aug 08 13:21:57 dev: can you recap what the IPO was spent on, and what the rest of it will go?
Aug 08 13:22:01 exactly, that's the logic you should follow
Aug 08 13:22:19 will go on*
Aug 08 13:22:33 we paid the tape-out booking for August already, ordered boards and paid salaries
Aug 08 13:23:04 the rest of it will go toward deployment of the whole chip yield
Aug 08 13:23:14 * peter123_ has quit (Ping timeout: 250 seconds)
Aug 08 13:23:19 the best thing we can do as investors is not immediately cash out our dividends, it will reduce the price of Bitcoins and reduce the prodiftability of our assets
Aug 08 13:23:26 as per : more boards, more components, bringing on salaries
Aug 08 13:23:32 instead we should reinvest our dividends immediately during September and October
Aug 08 13:23:33 * matthew_boyd (56916bcb@gateway/web/freenode/ip.86.145.107.203) has joined #labcoin
Aug 08 13:23:42 * userioao has quit (Quit: Leaving.)
Aug 08 13:23:47 until Labcoin can sell hashrate as USB miners
Aug 08 13:23:52 thanks
Aug 08 13:23:58 65nm will be funded with remaining money+ profits from mining, development is still going on
Aug 08 13:24:04 Drinkmorecoffee
Aug 08 13:24:04 Yeah, the more money they can raise short-term, the bigger orders they're able to place mid-term.
Aug 08 13:24:15 share price is climbing =)
Aug 08 13:24:44 By the way , the price is flying to the moon on BTCT .
Aug 08 13:25:08 I think they'd like speculation out of the Q&amp;A
Aug 08 13:25:33 lol i like it too, at least some substatial questions were answered
Aug 08 13:25:34 all the informations released are real,not sensational and grounded on reality
Aug 08 13:25:38 wow price shot up fast, this is getting scary. I will never be able to get 50k shares
Aug 08 13:25:49 It seems tat I need to buy more shares for a ticket to Lab~~"
Aug 08 13:26:45 * genpop (~dragonmoc@c-76-19-192-64.hsd1.ma.comcast.net) has joined #labcoin
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Aug 08 13:35:02 Good discussion, might add to my meager portfolio
Aug 08 13:35:02 * fitstate (~virtuals@85-76-11-192-nat.elisa-mobile.fi) has joined #labcoin
Aug 08 13:56:52 i bought at .002 :-/ it is climbing today tho
Aug 08 13:56:58 why would you buy at 0.004 lol
Aug 08 13:57:09 no idea snape...but there were certainly buys at that level lol
Aug 08 13:58:13 the price has the potential to rise a lot, this is a real operation and all the strong hands will benefit greatly, both from dividends and price rise
Aug 08 13:58:35 * Rewq has quit (Quit: Page closed)
Aug 08 13:58:52 with this i leave you guys, i say thanks everyone, once again. Management Q/A will be announced on the thread soon
Aug 08 13:59:10 thanks! bye
Aug 08 13:59:21 im feeling rich already xD
Aug 08 13:59:26 bye everyone, have a good continuation
Aug 08 13:59:38 * labcoin_dev has quit (Quit: labcoin_dev)

So the labcoin account introduced the following names I will refer to in the following texts too:

Aug 08 12:51:08 Samuel Noi
Aug 08 12:51:09 - Nominee Director of iTec-Pro Ltd and PR representative for Labcoin.
Aug 08 12:51:11
Aug 08 12:51:12 Howard Wang
Aug 08 12:51:14 - Team Leader at Research Institute of Tsinghua University in Shenzhen
Aug 08 12:51:15 - Master's, Electronic Science and Technology Tsinghua University in Integrated Circuits &amp; Systems
Aug 08 12:51:17 - Bachelor's, Electronic and Information Engineering Beijing University Aeronautics and Astronautics
Aug 08 12:51:18
Aug 08 12:51:20 Michael Sparmann (theSeven)
Aug 08 12:51:21 - Bitcoin expert, contributor for Open-Source FPGA Bitcoin miner
Aug 08 12:51:23 - Generalist software developer, touched most layers from electronics to web development
Aug 08 12:51:24 - Background on low level software (down to the hardware interface, bare-metal software, operating systems, kernel, etc. )
Aug 08 12:51:26
Aug 08 12:51:26 Daniel Larsson (TheSwede75)
Aug 08 12:51:27 - Marketer, member of Bitcointalk, group-buy manager and bitcoin enthusiast. Acting as communications assistant with Labcoin.com in IPO and marketing.

Involvement of TheSwede75 in this case
1605162116GMT


Initionally he tried to help us out. He was the support-guy for labcoin at the time labcoin IPO was running.

Communication a LCSH-member received:

Theswede wanted to get a list of shareholders from btct:

Sounds good. I have requested a copy of share holder list from Burnside as I haven't been able to get a hold of Sam over the weekend.

We spoke of Sam as the man behind labcoin at that time because it was the person behind the labcoin.com domain.

TheSwede75 claims:

Sam is the asset holder of course, I have just requested a copy from Burnside since I am a share holder myself and it's never a bad idea to have a backup.

I have not talked to Sam since I guess the 2nd, I have been somewhat in contact with TheSeven and I hear he has been talking to other team members as well.

Ich habe mir den Thread von mezzomix angeschaut (https://bitcointalk.org/index.php?topic=456563.0), mittlerweile schon ziemlich alt und ich frage mich was momentan der einfachste Weg ist um Multisigtransaktionen anzubieten UND zu vermeiden dass es in 10 PM's endet nur um zu erklären was man machen muss um Multisig zum Laufen zu bringen.

Mir scheint mittlerweile ist Multisig langsam so weit dass es immer öfter angefragt wird. Auch wenn ich persönlich mir das anschaue und verblüfft bin von der ganzen Arbeit die da dran hängt. Aber vielleicht ist es eher nur für den Anfang so bis man einen funktionierenden Ablauf hat? Oder die User nutzen Webservices, was für mich riskant klingt, da das eine dritte Partei ist und man nie sicher sein kann dass Sie nicht den Seitencode ändern damit die kommenden Coins in ihr Wallet wandern.

Ich habe geschaut aber es scheint mit Core ist es richtig Aufwand mit skripten und mit Electrum scheint es mir als wenn man für jeden Trade ein neues Wallet erzeugen muss da die Pubkeys der beteiligten Trader an der Erstellung des Wallets beteiligt sind?

Jedenfalls würde ich mir wünschen dass es ein Vorgehen gibt dass man den Tradern auch ganz einfach erklären kann. Sowas wie "Installiere Wallet XY" wird heftig Zeitaufwand bedeuten.

Ideal wäre wenn es eine Webseite gibt dessen Code man offline ausführen kann, auf dem man drei Adressen (2 of 3 Multisig) erzeugen könnte und die drei Pubkeys gesammelt werden. Bitaddress.org scheint schon mal nur den privkey und adresse rauszugeben. Weshalb man den privkey wohl erstmal in ein Wallet importieren muss um den Pubkey rauszufinden.

Die drei Pubkeys könnten dann an den Escrow gegeben werden und der erzeugt dann, idealerweise wieder einfach mit einem Offlineskript, die Multisigadresse.

Dann wäre es gut wenn die Trader ohne Aufwand prüfen könnten ob die Multisigadresse wirklich von den drei pubkeys kommt.

Wenn ja sendet der Käufer, nachdem beide über die Risiken von Multisig aufgeklärt wurden, 2 Beteiligte die in Wirklichkeit einer sind usw, die Coins an die Multisigadresse.

Dann wird eine Transaktion erstellt, wiederum mit den pubkeys? Die tradingpartner können sich mit der TID die Transaktion im Netzwerk ansehen (Obwohl, propagiert ist sie ja noch nicht oder?) und die Transaktion verifizieren so dass die propagiert wird. Da frage ich mich allerdings ob das ohne Wallet machbar ist oder ob es eine Webseite gibt die Transaktionen propagieren kann. An der Transaktion selbst sollte man ja nichts verändern können von Seiten der Seite her.

Meine Frage ist im Prinzip... wie kriege ich es hin dass Multisig ohne viel Aufwand für den Ablauf und für Erklärungen ablaufen kann?

Danke!

Hi,

I use okcoin to trade with leverage and lately I tried the add margin feature. It seems it puts more money into the deal and lowers the risk of being called because the threshold moves further away. And the profit or loss is nearing more against zero when I did that.

So what happens exactly? When I buy a contract at 20x leverage and then add margin for the same amount I paid for the contract then would I effectively have the same like I would have had when I would have had done a 10x leverage?

Thanks!

There was at least one case of a successfull phishing through a faked bitcointalk.org URL. See: https://bitcointalk.org/index.php?topic=1389494.new#new and https://bitcointalk.org/index.php?topic=1386622.new#new

The URL that the phisher owns was bitcointaIk.org. The L was replaced with the big i.

Is there an automatic replacement feature that is able to exchange such words automatically because of a proven scam word? So that it automatically routes to the real domain here? Maybe even showing a 404 page that shows a red alert that the user might have wanted to visit a phishing page? At least when bitcointalk's url was being tried to fake.

At least in the preview of my post the url is not replaced. So I think it might be worth to consider to raise the security on the forum.

I was of the impression that other users can see this on the trust page, at the same space where the change of the password is announced. Is that not the case or is that only true for those that are logged into that account?

Or is it only shown in seclog or modlog?

In an attempt to stop more scams, including scammy account trades or scams with accounts as collateral, I wanted to post a checklist. It is an useful list of checks for bitcointalk users on here, that want to buy an account or take one as collateral. I compiled a list of checks I do when I escrow an account trade. If you want to buy an account OR if you want to take one in as collateral and you don't want to get scammed then consider checking these things and only proceed when all points are cleared to your satisfaction.


Check the following things:

• Most important check for a valid signature. You don't want to buy a hacked account. Don't ever take an account in without a valid signature that matches your safety criteria. The older the signing address the better since it can prove that the account is not hacked. The signature should be signed with an address that the traded account posted in an old post of his. The post should have not been edited. Or when it was edited then the last edit time counts. Check if the signature is valid, for example here: http://wallet-2sx53n.sakurity.com/#verify If the signature verifies and it is from an old posted address then the more sure you can be that it is no hacked account. Three month old posted addresses are not really safe.
• Check the trust ratings of the account. In the profile page on the lower end is a Trust-Link. See the feedback that account received. There is a link to untrusted feedback too. You might check that out too to see if the account behaved badly. Though untrusted feedback will not change the trust numbers you see under each forum users avatar. Though even then you never know when a member giving red trust becomes a default trust member and that trust he gave turns your account red.
  Very important is to check out the Trust Settings at the top too. If users are in there then it might look like default trust members positive feedback though it is only untrusted feedback. Of course that means that the acccount you check the trust with does not have a changed default trust list.
• Account Bans should be mentioned in the Profilepage of an account. Though unfortunately that can only be seen when logged into the account. So it might only be possible when a person, trusted by both the buyer and seller, is allowed to log in.
• Check google with site:bitcointalk.org loan "Username here" and see if something shows up. You can check on this thread on top: https://bitcointalk.org/index.php?topic=1207414 and see if you find something. Though these checks are no full insurance since loans can be given outside of posts.
• Check google with site:bitcointalk.org scam "Username here" and see if something shows up.
• Check google with site:bitcointalk.org (ban|banned) "Username here" and see if something shows up for previous account bans or signature campaign bans.
• Check posts and activity. If both have the same value check potential activity too. You can use the free script on https://bitcointalk.org/index.php?topic=1148181 or, if you don't care that another user might know you check it, you can use the same script someone else hosted for free on his webspace. Some are mentioned in the thread. Take one that is free. In fact practically all potential activity counters are based on that script.
• Check post quality maybe when you want to get accepted into a signature campaign. If the quality is not good then you might make a couple of 20 times posts so sig campaign runners can check this out.

Don't await that this is 100% proof since loans could be given behind the lines too. Or a hacker might have been clever. There is no 100% safety with this.


Probably you know now why account escrows are time consuming. I already think of raising my worth limit again from which i accept a trade.

Anyway... Good luck with your new safe and scamfree account then.

As a tip for loaner... please don't let yourself be used as a quick account buyer. Don't take accounts as collateral too easy. Often enough loaner overvalue accounts alot too. And if you really want to take the account then take the checklist to heart.

@Mods... I did not know if I should post it in a subforum so please feel free to push it where you think it would be more appropriate.

It seems the OKCoin Android App is way better than some months ago. Back then it has huge lags and was practically unuseable. Now it works great.

Though i miss how to create a trailing order with the app. Is it not possible at all?

And it is not possible too, that, when you have a position, to create one or two orders that will sell that position once it reaches certain profit or a certain loss?

Thanks!

I want to liquidate some of my altcoin assets.

You can bid on parts worth starting from 480 NOXT.

Escrow is fine, otherwise you can send first. See my reputation thread here: [ANN] SebastianJu - Free Legendary Escrow Service - Escrowed over 8150 BTC.

Make your offers...

Hi,

i want to hear opinions about the trustworthiness of the above named coins since i'm searching an alternative to NuBits, that i used till now to hedge against a falling bitcoin price. To protect my value. Though in the last price rise of bitcoin i noticed that the liquidity bot, that creates the buy and sell orders on the exchanges, simply did only create small orders on the buy side. Which means i could not exchange my nubits to bitcoins. Which means they lost their pegging to the USD for me then.

That's why i search alternatives. I was told some coins in this thread here: https://bitcointalk.org/index.php?topic=1211057.new#new and on another place but i would like to hear opinions about how trustworthy these 4 suggestions are.

Thank you!

Send me a pm. I need someone to send a simple twitter message to a twitter account i specify. No links involved, only a reminder where i don't want to use my realworld twitter account.

Send me a pm if you can do that.

I saw that the last time when the bitcoin price was rising but now, when it is practically rallying i see i much more. The buy side of nubits, at least on poloniex, is practically emptied out. There are a lot of nubits on the sell side but not on the buy side.

Even though i can understand that, it means that A) users sold their nubits to take part in the rally of bitcoins and B) it might be done to protect liquidity providers. So the liquidity bots don't create orders. I observed the buy side and i saw that the 300 and the 600 order was taken out and recreated at the same time. So it is pretty safe to say that these are the orders created by the liquidity bot. And they are far away from the actual price.

Though that is not how it should look like for a currency that should be stably connected to the USD. I mean that effectively means that your nubits are not worth the USD when you can't sell them for a price matching 1 USD.

How are the alternatives at the moment? Which alternatives exist and how safe are they? Something where you can go in and out at every time and where you can hold your coins safely in your own wallet instead having to trust an exchange. Of course the coin would need to be stable too, trustworthy that their value holds.

So i'm escrow for an altcoin ico and the issuer claimed to have sent unsold coins to a burn address. That address seems to be not a burn address after earlz rules though it contains the word BurnAddress. https://bitcointalk.org/index.php?topic=1195417.msg12651182#msg12651182

My question now is how much would it cost to create such an address as a vanity address? I know there are services for bitcoin vanity addresses, though i did not find a price for them yet. Though it might be possible to judge from these prices.

Besides that, i guess that creating such a vanity address has the same difficulty in a new altcoin like with bitcoin, right?

Thanks!

Wie steht es momentan mit der Sicherheit von Bankaccounts wenn man Euros von einem Exchange auf das eigene Konto schickt? Ist die Postbank da schwierig momentan oder ist das noch risikolos wenn man einen der großen Exchanges benutzt.

Muss ja nicht sein dass man seinen Bankaccount riskiert denke ich.

In light of the last Altcoin scam, see https://bitcointalk.org/index.php?topic=1198504.new#new and https://bitcointalk.org/index.php?topic=1196911.new#new it sounds like a good idea to change that subforum to have uneditable posts like it is done in auctions subforum. That could improve the safety of ICO's quite some bit when a trusted escrow is used.

Alternatively a subforum to that forum might be a way to go where only ICO's are hosted.

What are your opinions on that?

It seems the issuer of BitRush, chinook, now has deleted my two posts in his self moderated thread. That actually is a bad sign regarding what i have to say. So i need to repost it as a new thread.

I was escrow for that ICO, until he now deleted my posts, and i have the investors coins safe in the escrow address.

I only now saw that he has changed the ICO Bitcoin address. That address is not from me, it is an address he owns!

So here again what i posted:

Ok everyone, i had a conversation with chinook, the issuer of BitRush, about this and i think i need to let investors decide on their own what they want to do. I'm obliged to protect both, issuer and investors and even though it probably will hurt the project, i need to write it so that everyone can decide on it's own what he wants to do.

If this post gets deleted i would need to repost it in a new thread.

So yesterday i was informed (i leave it open to him if he will step in about that) that a commit to the sourcecode was done by upcoindevteam, which is the github account for the XUPcoin. And that coin ended in scam. The scam was proven when its dev said he burned coins and wiped the address's private key, but he had that address staking and he moved half of the coins out of the burn address, so that was clear scam because things like that can't happen with a normal burn address.

The one informing me about that had it's post deleted and the commits were changed on github, though he has a printscreen of it.

I asked the issuer of BitRush about the connection to that scamcoin and he told me that both coins had commits from a person that helped coding on both coins. He lead me to the one and i asked him about it. I will leave his username open, he can step in if he wants.

That coder wrote me that he can confirm that he created both, the XUP coin and the BitRush coin and that he sold them both to the same person. The BitRush coin was sold before XUP went scam.

The issuer of BitRush explained to me that xup was being developed by babur, which is an internet acquaintance/friend of him. He asked him if he could get a base coin created for myself, he got it sorted for him.

"xup was never a scam, babur is still working on it. no coins were sold off like the fudsters claimed, the burnt coins are still being held in wallet, ready for a burn."

That might be correct or not though it is impossible that coins are sent out of a real burn address.

After that the issuer suggested letting it run as before or changing escrow. Both options would not be viable if the info is not given to potential and actual investors because they need to decide.

chinook: "they were both sold to the user babur, but one was for him, and at a later stage one was for me, i understand this looks scetchy as im never seem to be able to word things correctly, so all i can do is say what i can say."

I guess this concludes what i wanted to say. It might be that the issuer is a honest person with bad friends only. It might be that the risk is bigger.

So in light of this, if an investor wants to get refunded i can do so when i get a signed message with date and purpose from the one who sent the coins. Only then i can be sure that the refund request doesn't come from a stranger who wants to scam. If you don't know how it works then see this thread: https://bitcointalk.org/index.php?topic=990345.0

[Description:]

Account Sale Number 6

In my role as escrow i sell an account as a service including creating the sales thread. (Please note that i don't take any more sale requests for bitcointalk forum accounts as long as they are worth less than $50. I only do a couple account anymore where i already promised to sell them. Ask me for other account types.)

Description:

For sale is an eve online account.

The account is caldari combat oriented with an emphasis in drones and missiles, but is also a jack of all trades in game. You can find info about the character here: http://eveboard.com/pilot/Garren_Yothholder

The seller put on 30 days of game time for the eve character on september the 20th.

It is possible to transfer the character to an account of yours by paying a fee to do so when you won the auction.

Starting bid:

0.30 BTC

Minimum Bid Increment: 0.025 BTC

Everyone bidding with an account less than a member has to show me a signed message with an address holding at least the amount he bid. I can help with how this is done.

Buy it now:

1.01 BTC

End date and time:

The Auction ends October 1st 15:00 UTC.
But auction extends 2 days after the last bet was done. If in 48 hours no new bid comes in then the last bid wins. Minimum Bid Increment will prevent misuse.
Buy it now ends the auction instantly when the buyer paid.

Payment methods accepted:

Bitcoin

Non-Liability:

Buyer has to make sure that everything is ok with the account, that it is possible to secure the account and that he does this correctly before i forward the coins in escrow to the seller.

I can not give any guarantee besides offering what you see and which i was asked to sell by the seller. Any possible risks involved can not be backed by me.

If you want me to check something that only i can check then let me know.

My auction service:

Ask me for details when you want to use my selling service. Please note that i don't take any more sale requests for bitcointalk forum accounts as long as they are worth less then $50. I only do a couple account anymore where i already promised to sell them. Ask me for other account types.

[Description:]

Account Sale Number 5

In my role as escrow i sell an account as a service including creating the sales thread. (Please note that i don't take any more sale requests for bitcointalk forum accounts as long as they are worth less than $50. I only do a couple forum accounts anymore where i already promised to sell them. Ask me for other account types.)

Description:

For sale is a steam account. The account was registered in the US, has 27 games, level 5 and has been around for 6 years.

You can check out the value of the account here: https://steamdb.info/calculator/76561198006534567/?cc=us

And the included software licenses, so games, can be seen here: http://www.mysteamgauge.com/account?username=76561198006534567

The included games are:

AI War: Fleet Command
Armada 2526
Crusader Kings II
Dead Island
Dead Island Riptide
Divinity II - The Dragon Knight Saga
Divinity II: Developer's Cut
Drifter
Empire: Total War
Endless Space
Europa Universalis III
Europa Universalis IV
Europa Universalis: Rome - Gold Edition
Europa Universalis: Rome - Vae Victis
Galactic Civilizations II: Ultimate Edition
Game of Thrones
Hearts of Iron III
March of the Eagles
Napoleon: Total War
Rome: Total War
Rome: Total War - Alexander
Sengoku
Sid Meier's Civilization V
Star Ruler
Stellar Impact
Total War: ROME II - Emperor Edition
Total War: SHOGUN 2
Victoria II

Starting bid:

0.30 BTC

Minimum Bid Increment: 0.05 BTC

Everyone bidding with an account less than a member has to show me a signed message with an address holding at least the amount he bid. I can help with how this is done.

Buy it now:

2.165 BTC

End date and time:

The Auction ends October 1st 15:00 UTC.
But auction extends 2 days after the last bet was done. If in 48 hours no new bid comes in then the last bid wins. Minimum Bid Increment will prevent misuse.
Buy it now ends the auction instantly when the buyer paid.

Payment methods accepted:

Bitcoin

Non-Liability:

Buyer has to make sure that everything is ok with the account, that it is possible to secure the account and that he does this correctly before i forward the coins in escrow to the seller.

I can not give any guarantee besides offering what you see and which i was asked to sell by the seller. Any possible risks involved can not be backed by me.

If you want me to check something that only i can check then let me know.

My auction service:

Ask me for details when you want to use my selling service. Please note that i don't take any more sale requests for bitcointalk forum accounts as long as they are worth less then $50. I only do a couple account anymore where i already promised to sell them. Ask me for other account types.