Why doesn't Sam just take the coin and run?
Looks like the only person doesn't think labcoin is a scam is Sam himself?
because its a SCAM!!!
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I mean they can technically still be very profitable even buying KNC's at a high volume for lower prices, it's just their lying about their identities which might not be in malice intent, it's just they are too incompetent and untrustworthy to trust them with the project moving forward.
Unless they post pictures, and disclose everything about the projects current state ect., hence I think it's best investors collected what is remaining and what was never spent, instead of wasting it all.
Without any evidence (photos etc) of the devices and without an accounting of the funds, and with proof they've lied to us about who they are, it's time to put an end to this. As far as I can see, that's going to involve the authorities, unless someone has a better idea. people already have
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I mean they can technically still be very profitable even buying KNC's at a high volume for lower prices, it's just their lying about their identities which might not be in malice intent, it's just they are too incompetent and untrustworthy to trust them with the project moving forward.
Unless they post pictures, and disclose everything about the projects current state ect., hence I think it's best investors collected what is remaining and what was never spent, instead of wasting it all.
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I say NineLives proceeds with the ipo funds collection.
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I txtd Alberto saying I was an Angel Investor and a Chinese friend referred me his contact info I want to invest in ASIC companies, and he replied with "What's your name?"
He didn't respond after that, so clearly Alberto is still involved with Labcoin/ASIC, or else he would of just never replied or said I am not involved.
When was this? You texted the number on the profile? Yep the number on the profile this was a few hours ago. Waited to see If i could get him to talk, but that was around the time that he deleted that post, so maybe he knew something was up, and stopped talking.
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I txtd Alberto saying I was an Angel Investor and a Chinese friend referred me his contact info I want to invest in ASIC companies, and he replied with "What's your name?"
He didn't respond after that, so clearly Alberto is still involved with Labcoin/ASIC, or else he would of just never replied or said I am not involved.
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I want to investigate JohnyBigs the scammer who told everyone to buy (his) Labcoin shares for weeks, and still as of today said you could get a return for your investment.
Also, ReSeRvEd!!!111
I still own all my shares you dumb fuck. I want to sell my shares at a high price, so I made a Labcoin scam thread, again George you fail at logics.
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I txtd Alberto(Labcoin phone #) saying I was an Angel Investor and a Chinese friend referred me his contact info I want to invest in ASIC companies, and he replied with "What's your name?"
He didn't respond after that
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<agath> who are you? <route69> Fabrizio Tatti <route69> the owner of iTec Pro Limited, behind Labcoin <route69> this is the official presentation, here I am writing, but with the name of the nominee director (Samuel Noi) that I took the company in Hong Kong <route69> because I want to avoid direct exposure, various risks, etc. http://www.reddit.com/r/Bitcoin/comments/1nke2k/an_overview_and_update_of_the_labcoin_scam/ <--Alot of useful informationAs revealed on Labcoin IRC (credit goes to virtuals), labcoin.com and enso-now.com (Alberto's company) share the same IP. Furthermore, "Sam" was able to edit labcoin.com when asked by TheSeven to remove all references to his name. (thanks to radiumsoup for pointing that out) Draw your own conclusions. Old Raw Registrar Data March 23, 2010 Registrant: Enso Co. Ltd Hong Kong Xianhu road, Manor Nature Reserve Building 3, Apt 4F Shenzhen, Shenzhen 518000 China Registered through: GoDaddy.com, Inc. ( http://www.godaddy.com) Domain Name: ENSO-NOW.COM Created on: 04-Feb-10 Expires on: 04-Feb-11 Last Updated on: 04-Feb-10 Administrative Contact: Armandi, Alberto info@enso-now.com Enso Co. Ltd Hong Kong Xianhu road, Manor Nature Reserve Building 3, Apt 4F Shenzhen, Shenzhen 518000 China 008615017602050 Fax -- http://who.is/domain-history/enso-now.com
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so no surprise that sam deleted my posts and Alberto deleted his message with labcoin team phone number. here is a repost with screen shoot from deleted page Hello SAM, time to comfirm you are not alberto armandi and you have bought labcoin from him and he is not involved with labcoin any more. the italian number is the same as alberto armandi uses on this page: from that page: Inserito da alberto.armandi il 08/09/2013 blablabla... il mio numero è 3886274142. Ciao! take away country code from labcoin teams italian number and is a match LABCOIN TEAM = ALBERTO ARMANDI SAM = ? and this was also deleted remember this from irc logs 8/8 before the Q&A on #labcoin chan [11:41:30] * labcoin_dev (~alberto@host173-29-dynamic.49-82-r.retail.telecomitalia.it) has joined #labcoin [11:41:53] * labcoin_dev (~alberto@host173-29-dynamic.49-82-r.retail.telecomitalia.it) has left #labcoin [11:43:32] * labcoin_dev (~labcoin_d@host173-29-dynamic.49-82-r.retail.telecomitalia.it) has joined #labcoin [12:27:59] * labcoin_dev (~labcoin_d@host173-29-dynamic.49-82-r.retail.telecomitalia.it) Quit (Quit: labcoin_dev) [12:33:46] * labcoin_dev (~labcoin_d@31.3.155.166) has joined #labcoin [14:17:47] * labcoin_dev (~labcoin_d@31.3.155.166) Quit (Quit: labcoin_dev) [14:17:56] * labcoin_dev (~labcoin_d@31.3.155.166) has joined #labcoin alberto@host173-29-dynamic.49-82-r.retail.telecomitalia.it resolves to Sardinia home of Fab, Alessia and Alberto http://www.iplocationtools.com/82.49.29.173.htmlso who was doing the Q&A? Fab Alessia or Alberto
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1BTC/.0001 share = 10,000 shares 10,000 shares X .00000172 (avg daily div) = .0172/day X 30 Days a month = .516
1st month dividend .516 2nd month dividend .258 3rd month dividend .129 4th month dividend .0645 5th month dividend .03255
TOTAL : 1.00005BTC @ 100% difficulty increases/mo and Labcoin not increasing hashrate
YOU FAIL AT LIFE
Sorry, I have to pointed out that the difficulty increases every 10-11 days, not 30 days. With your calculation (assume 33% increase per 10 days) first 10 days 0.172 next 10 days 0.129 next 10 days 0.097 so first month is 0.398 0.398 * 2 = 0.796. So you got 0.796 BTC in life time. yes lets assume 120% increase a month, why not 1000? clearly at 100% increases a month in 5 months you break even, without Labcoin adding any new hashrate. At 75% your even more profitable. Not saying it's amazing, but what security is offering that? Outside of ASIC, or the physical hardware miners you can buy and never get a rate of return.
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If it doubles every single month, it's not going to change 3 months to 6 months; you fail hard at mathematics. But let me show you how to use a simple tool to do the math for you. So, there are 10000000 shares and 10 TH. That is, 0.001 GH per share, and at a share price of 0.0001, we get 10 GH for 1 BTC. Let's say difficulty is going up 75% every month (in reality, it's been much more, and we're waiting on a lot of preordered hashpower, but I'll give you that). I'll also give you no pool fee, no other costs. Will you make back that 1 BTC? *drumroll* http://mining.thegenesisblock.com/a/36a2da91ccNOPE.1BTC/.0001 share = 10,000 shares 10,000 shares X .00000172 (avg daily div) = .0172/day X 30 Days a month = .516 1st month dividend .516 2nd month dividend .258 3rd month dividend .129 4th month dividend .0645 5th month dividend .03255 TOTAL : 1.00005BTC @ 100% difficulty increases/mo and Labcoin not increasing hashrate YOU FAIL AT LIFE
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Difficulty is not doubling everyday, even if it doubles every single month, you still get all your investment back withing 6 months worst case scenario. Please tell people more about your magical logic.
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Poor iCEBREAKER... He thought HashFast was a good bet. Now he is left raging at the Labcoin kids. Buck up, pal. Everything is going to be OK. I wasn't the only one saying LabScam is a scam. HashFast is experiencing perfectly normal and expected hiccups, but they are not a scam. I will be getting over a Terahash in mining power courtesy of HashFast. Asking Bitchcycle why he broke his promise to post his List of Things About Which to Nag LabScam every day isn't raging. I'm doing Bitchcycle a favor by helping him learn a lesson, using this teachable moment. Oh, my apologies. I didn't realize you were still in the denial phase of grief. Hang in their, champ. LMAO Labcoin 10TH mining, Icedrill 0TH mining. Labcoin is a scam!
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Sam 爲什麽你這麼不靠譜? 爲什麽你這麼不誠實? 爲什麽你還不說句話? 你就是個爛人,一個不敢承認錯誤,只敢躲在陰暗面擼管的猥瑣男 你就是個爛雞巴,該硬時必軟,一捏就痿,2秒就射,可以整條dick縮進體內的縮頭摳腳大漢 你別以為你不說話就沒事,你別以為你沉默質疑就會消失,該有的總會有,該來的必須會來,你該滾去坐牢就絕對少不了你的那塊滑手肥皂,等著你的菊花被千夫指,萬人捅吧。 我恨你。
Translated for the lols: Why are you so do not fly? Why are you so dishonest? Why do not you say something? You are a bad person, a dare to admit mistakes, dare to hide the dark side of the tube wretched man line and You're a rotten dick, when will the hard-soft, pinch atrophy, two seconds on the radio, you can indent the whole dick pull the pin body chickened Tahan You do not think you do not speak on the right, you do not think you're silent question will disappear, the others will always be, the past must come, you go to jail on the roll is absolutely indispensable piece slip your hand soap, etc. with your chrysanthemums are pointing fingers, people poke it. I hate you. LMFAO
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I don't think colored coins are a good way of dealing with virtual stocks, because people can get scammed out of colored coins just as they can be scammed out of bitcoin. You can ask to buy 100 colored coins for 1 btc, get the 100 colored coins, and then not send the btc.
But the idea that the colored coins could cause the downfall of bitcoin, or that the SEC even has the power to ban software is totally bonkers.
I agree that the government can't and will not shut down bitcoin and also that whether the securities are hosted on colored coins or on exchanges, it doesn't give the government more or less incentive to shut down bitcoin. I don't understand the logic behind peoples claims that the government wants to shut down bitcoin. They only care about the fact that people are using it for illegal things and going after these illegal things like they always do. has nothing to do with bitcoin besides the fact that its used as the form of currency, but then again hasn't every currency in the history of currencies been used for illegal things? Uhh they care when a new form of currency is trying to replace trillions of dollars in the world, a currency that the rich cannot control, to make you a poor debt slave.
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Labcoin needs to come here and communicate with us.
Nah he has more important things to do like jerk off
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in other news 11.27TH peak
We've had that before. Doesn't matter, the average trend is down. Sam does not have and will not have the 20 TH he promised by the end of October. He has added ZERO hashrate in since making the guest account available, despite claims he'd be adding rate "daily". Sam has failed. He will continue to fail. It's time to accept that he simply is not capable of making this work. It's time to start looking at what he's done with the money. He has not spent it on delivering on his promises, so where has it gone? Def start looking into the money and have that investigation, end of the day he brought 10TH online. Hitting 50% of the goal is not that bad. If in another month he can make it to 20TH or more that's good. It seems this was the first batch of the fixed chips, and it was added pretty quickly when they had it on hand. Once he gets more it should take about 2 weeks to add another 10th. But we'll wait for NineLives investigation to end, then depending on what he finds we can take a vote to persue the IPO funds.
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in other news 11.27TH peak
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