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1  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: November 19, 2013, 06:55:10 PM
What makes you think he will be working.. I will try that but I will be looking in a number of places

What do you think Fabrizio quit his job and is living like a bum? He still works for Oppo or whatever company in Hong Kong, he feels safe as he has dissolved himself from all responsibilities because well that's what he said! Even if in fact he did get scammed himself, he at least knows the identity of "Sam" he can confirm Sam is Alberto ect.

So far we had:

TheCoinBull: tribal leaders will hunt him down, a month later jerking off on his donations.
NineLives: Tough debt collectors, "Sam is possibly African"
Kleeck: credentialled individuals, probably has been ongoing for a month also, again probably have never spoken to Fabrizio in person.

Again how fucking hard is it to go to his job and speak with him? Or instant message him, like another member did on here and got a response?

I txtd Alberto about ASIC's and he replied to me saying saying what is your name which showed interest, meaning he is involved, besides him trying to delete traces of his phone number so it doesn't match with labcoin, yet genius investigators "Sam is African!"


No word from TheCoinBull and NineLives. Don't know what's going on there. Kleeck is part of LCSH. No need to say much. That says it all.

This much is true.
2  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: October 15, 2013, 08:39:34 PM
Cant say how much faith I really have, but how funny would it be if one day we wake up to 100Th, and sam saying f-you to all the nah sayers, along with a sky rocket in price, how funny would that be considering all the drama, what if sam or who ever the f, the guy running the show is, was really just shity about communication and didn’t like admitting to problems (like most engineers).

I don't know if you're unaware, but 10TH is well below the hashrate this project was supposed to have. As of now the estimated increase in network difficulty is + 39.44%....that 10TH ain't shit.

True, but the share price is 20x lower than what it was, so our expectations can be lowered as well now if you bought cheap shares.  Smiley

This made me laugh a little
3  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: October 15, 2013, 06:15:03 PM
We did hit 3TH/s for a brief moment there. Small victory.
4  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: October 09, 2013, 01:46:15 PM
Figured I would chime in here about the Labcoin Shareholders Representative Group (LCSH), we have basically setup a group now and we are communicating back and forth on #irc and the forums as well. We've been doing our own investigation into the legitimacy of Labcoin and the people that are or were once associated with it. Our goals remain the same. Once we to establish a steady stream of communication with Sam, like Swede, we have not been able to. We still want to help him with getting Labcoin back on the right track or look into the best shutdown method. Once we have anything to share, we will.
5  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: October 07, 2013, 01:31:43 PM
Btc.co is down.

ps-How do we get our BTC out if it only permits 2.5btc withdrawl per day?

Manual withdraw, Burnside will take care of it but I imagine with so many people doing it, that there is some backup going on.
6  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: October 02, 2013, 08:11:31 PM
Anyone interested in contributing to the committee/reps, join IRC now in #labcoin and pm me.
7  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: October 02, 2013, 03:41:03 PM
ok so there is little censored "NO-FUD discussion thread".what does that even entail in context of a security, which itself is the one perpetuating exactly that..I don't wanna give you stupid reply cause you have not given me one but its sad to see, it's like group of victims band together to write letters to their attacker, soon maybe will have 12 step program labcoin bagholders anonymous

That's just the thread we were posting in earlier, I wanted to post in here as well so it didn't seem like we were trying to be a secret group. To be known.

Consider using different nomenclature.  How about "Grief Support Group" (GSG) instead of "Committee"?

We're working on that actually, shareholder reps or something... Either way our goal is just to make sure Sam stays on track, speed up the pace and give him help where ever needed.
8  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: October 02, 2013, 03:27:41 PM
I think its a fantastic idea, this committee thing.

Really, lets get some kids who havent got the faintest idea about  semiconductor product development challenges, not a clue about the status of the project, the financials,  who dont even know the players behind labcoin are, where they are  or what they do, and for the most part only care about the next dividend, lets put some of those folks on a committee and all will be well. After all, another degree of separation, beyond just the investors  > anonymous swede > mysterous sam > fabrizio > scammer  can only be good, no? It will do wonders deflecting from the real questions!

"We form a group of 5 or so volunteers/nominees (no more than 10 in any case) who agree to meet regularly with each other, and also with Sam to discuss problems facing the project. There should be at least one EE on board, or at minimum someone with real experience with actual ASIC development. There should be a few people who understand business management, and at least one person with project management experience. This group should include at least one person who considers this a scam, and at least one person who considers this a sure thing. We need to have a balance of opinion here so that all sides are considered. Can't lose sight of the crazies, because sometimes they actually have a good point to make.

The group should meet at least weekly on their own, without Sam, to discuss what should happen during the following meeting with Sam. When the group meets with Sam, the meeting should cover past project goals, issues that have come up since the last meeting, and the plan for the next week, 30 days, 90 days, and 180 days. Assuming Sam wants the project to succeed, this should not only keep him accountable, but also give him a way to offload/outsource (sorry, couldn't help myself there) assistance from the shareholders."
9  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: October 02, 2013, 03:13:39 PM
For all interested in taking part of this, "committee," please come to the #Labcoin channel today around 2000 UTC / 4pm EST. We are looking for people who can actually contribute, not just big share holders. Similar to Radiumsoup's post.

what you want is a "friends of labcoin" yes man, grabbing together small pocket of cheerleader, experienced snake oil salesmen unit who can deftly deflect all evidence of lie, and weave together credible sounding morsels in hope to continue this fraud and propup price  

Actually we're looking for people that think Labcoin is a scam and have professional constructive criticism to contribute as well, we need doubt in the group to keep things balanced. Please refer to https://bitcointalk.org/index.php?topic=305794.msg3283695
10  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: October 02, 2013, 03:07:08 PM
Please disregard that last message. The committee organizers wish to meet to organize the committee before involving the team  so that they can get the committee set up first.

Is this an update?

I had asked Swede to delete the message, as we are NOT having Sam in the channel today. This is strictly for setting up the committee and getting things moving.
11  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: October 02, 2013, 02:47:44 PM
IMO, labcoin (whoever that is) should be required to actually do one or two of the things promised in the Q&A prior to everyone wasting time forming a committee. (I also think you should refer to it as an advisory committee, rather than a board.)

If labcoin can't be bothered to follow through on a few simple promises as proof of good faith, the entire committee idea may be a ruse.
I think it was a good idea to have some sort of shareholder representation, but I agree that "advisory board" is not the best way to think of the group. It should be something more along the lines of "shareholder representatives" or something. The problem with the idea of keeping Sam accountable is that shareholders have no real power - unless and until we can prove his identity (which he is loathe to do) and keep him accountable under pain of actual legal action. So we can't really form a "board of directors" (in the traditional meaning) that Sam would report to, because it's not like we can fire him. Then again, he's probably even LESS likely now to give us his real identity because people are starting to go after Tatti by way of his employer. (Whether or not Sam is actually Tatti is irrelevant to this, as I believe either he is and he's pissed off that his employer is being contacted, or he's not and he's scared to see what Tatti is going through.)

We can say that we "require" him to do certain things, but it has no teeth, unfortunately. We can give him ultimatums, but what can *actually* be done about it that has real world consequences for him unless we have proof of identity? It all boils down to Sam's intent. If he wants to see the project succeed, he should be willing to hear input from a group of people who are better able to solve the problems he's running into - and he must trust that group of people to give him sound advice without fear of getting arrested or accosted in the street even after giving a good-faith effort. If this is the case going forward, we need to have thoughtful, deliberate, and rational people working to ensure they understand the big picture as well as the individual issues that are coming up on an ongoing basis.

If, however, he does not intend for the project to succeed, then he already has all the bitcoins, and we still don't know with any reliable amount of certainty who the real person is behind the keyboard. He's going to simply walk, and it won't matter what kind of machinations we go through to try and keep him accountable.

So, this is my viewpoint:
We form a group of 5 or so volunteers/nominees (no more than 10 in any case) who agree to meet regularly with each other, and also with Sam to discuss problems facing the project. There should be at least one EE on board, or at minimum someone with real experience with actual ASIC development. There should be a few people who understand business management, and at least one person with project management experience. This group should include at least one person who considers this a scam, and at least one person who considers this a sure thing. We need to have a balance of opinion here so that all sides are considered. Can't lose sight of the crazies, because sometimes they actually have a good point to make.

The group should meet at least weekly on their own, without Sam, to discuss what should happen during the following meeting with Sam. When the group meets with Sam, the meeting should cover past project goals, issues that have come up since the last meeting, and the plan for the next week, 30 days, 90 days, and 180 days. Assuming Sam wants the project to succeed, this should not only keep him accountable, but also give him a way to offload/outsource (sorry, couldn't help myself there) assistance from the shareholders.

Is that an agreeable format?

Either way, nominations/volunteers should be considered within the next 24 hours.

For all interested in taking part of this, "committee," please come to the #Labcoin channel today around 2000 UTC / 4pm EST. We are looking for people who can actually contribute, not just big share holders. Similar to Radiumsoup's post.
12  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Self-Moderated NO-FUD discussion thread. on: October 02, 2013, 02:29:57 PM
For all interested in taking part of this, "committee," please come to the #Labcoin channel today around 2000 UTC / 4pm EST. We are looking for people who can actually contribute, not just big share holders. Similar to Radiumsoup's post.
13  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Self-Moderated NO-FUD discussion thread. on: October 01, 2013, 09:10:05 PM
So -  what about a board? are there any volunteers? should we agree on a minimum share holding & some relevant experience requirements?


At this point probablly any major shareholder who thinks they can add a bit of experience into the mix should be eligible for the Board and be immediately assigned. We shouldn't labour the decision - it should be made promptly to give the earliest assistance to the company.

So anyone have the time and some relevant experience?

Marketing, web design, legal, electronics, accounting - all relevant areas.

I agree with this except for the part of major shareholders only. I say this as there are several people out there that wish to see Labcoin succeed and may have little to no shares at all. We should look at them as to what they are able to contribute to the group as a whole. There are talks regarding this on the #labcoin channel as well.
14  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 26, 2013, 07:24:04 PM
Looks to be hashing now. #19. Not too shabby.



Why did you photoshop the 'liars' out of it?

This is the most desperate, silly attempt ever made (facepalm)

All the same?
15  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 26, 2013, 07:19:53 PM

The main reason the price is so low is they said they'd be back on the list in an hour and hours later they aren't hashing at all.

Looks to be hashing now. #19. Not too shabby.



Nice
16  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 24, 2013, 04:19:24 PM
hey, you forgot you invested into the future and to the moon!

Their hash rate looks like a moon: 0

Ok I laughed a little lol
17  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 23, 2013, 07:54:59 PM
I don't know why you put so much effort to persuade us that labcoin is hashing and everything will go fine. If you are so sure, why don't you simply keep quiet and buy cheap shares?

His assertion was challenged. He is defending his claim, and doing a damn good job. Those that disagree have been shifted to the weaker position, for sure.
18  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 23, 2013, 03:32:50 PM
https://www.havelockinvestments.com/fund.php?symbol=LABCO

They look ready to accomndate and start trading

This is a PT that's been in place for a while now.
19  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 23, 2013, 03:30:19 PM
UPDATE:

I just woke up to the information that BTCT.CO is "winding down" (Shutting down, I haven't even had time to read the full release or catch up on the information thread).

Burnside has previously informed the team (at listing) that complete ownership registry is kept up-to-date (as per previous discussions reg. direct shares), and while this obviously is something no one was expecting I expect all shares to be accounted for.

As to alternate listing, direct share conversion and other alternatives for share holders i currently have not had time to consider this yet but of course we will start working ASAP on a solution.



I think most of us would like to see you guys move to bitfunder.
20  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: September 21, 2013, 04:35:20 AM
I also thought as a exchange,burnside's attitude must be neutral!Why do such unfair to Labcoin compare to PETA-MINE or other irresponsible company?

This echos my concerns too
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