Moreover, more than half those RMB-based BTC exchanges take no exchange fee. They Serve for People selflessly.
Or they just push the fees from transactions to withdrawals to increase liquidity.  don t you think there is other way for them to earn on this? Sure, nearly all forex trading has no fee too, they make money on spread. |
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51% or hard fork maybe. I'm sure it could be done with the top three pools pretty easily.
51% or hard fork is not needed at all. |
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There are always unintended consequences when the government does something like this. It seems (to me anyway) that one consequence of this give-away is that it would necessarily, directly feed inflation and/or devaluation of the currency. By how much would be hard to guess. I throw out a WAG that after this program has been in place for 15 months, it will cost at least 3.500 to 4.000 francs to purchase what that 2.500 francs would have bought prior to the start of this program.
No, I don't have any stats or info to back up that guess. However I think it is naïve to think you can infuse that amount of cash into an economy, with no change (or even a negative change) in the work output, without causing inflation and/or a devaluation in the currency.
It's not being 'infused' into the economy, it's being moved from rich to poor people. It might not have any inflationary effect. It 100% will cause rampant inflation. When rich people are holding they money, the money does not enter circulation, ie. buying up food/electronics/furniture etc..., it's just sitting in their bank account or invested in some stocks. but when you distribute these to the masses... |
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以前bter.com可以，现在也不行了。还有哪里能BTC存入，然后卖掉成人民币，然后取款到支付宝？
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ok I live in USA, but I went to college in France, and now I'm trying to request my transcript from my school, they want me to wire them 60 euro. But the fee involved is nearly 30 euro from USA. I'm wondering if there's any service available, that let me send them the appropriate Bitcoin, and for a small fee, they will deposit 60 euro into my school's bank account in France?
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I highly doubt it'll be nothing. There's current month's profit of nearly 2000 BTC, still undistributed. Plus August profits were also undistributed due to "legal cost" which I doubt was fully spent.
Together there should be at least over 3000 BTC due to shareholders, which would be at least 0.3 BTC per share, or roughly 30 LTC per share. This is just cash on hand. Not to mention I'm sure
someone is interested in the domain and site code, they should be worth at least 500 BTC if not more.
Ok, this makes sense. Also burnside should provide some special compensation for public share holders, similar to
how Eric handled the SatoshiDice sale, paying extra to public share holders out of his own funds. I think a 70-80 LTC buy out would be a fair compensation.
This, however, does not. Eric managed to pay compensation because satoshidice was bought by someone, so he decided to cut part of his profits and redirect them to the shareholders. burnside is closing down btct.co without getting anything in return, so no, quite obviously there won't be any bonus, and there shouldn't be. Burnside owns 90% of the shares, so he's getting 90% of the profits of the operation. While public shareholders paid for their shares, and then worked as moderators to research/approve new securities for free. Since the public shareholders didn't really approve to close down the operation, then burnside should compensate for all the free work received, and also acting against the public share holder's will/interest. |
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Anyone know what's the plan or compensation for LTCGLOBAL share holders? the value has dropped 90% over night, is there any plan from burnside to buy out the shares?
In his FAQ somewhere he clearly stated that in the event of closing or accidents he would try his best to protect other securities, but LTCGLOBAL shareholders would be left with nothing. (not his exact words) And this makes sense: the only value left in LTCGLOBAL would be if he managed to sell it, but as far as we know he can't to it right now, for the same reason he has to close down. I highly doubt it'll be nothing. There's current month's profit of nearly 2000 BTC, still undistributed. Plus August profits were also undistributed due to "legal cost" which I doubt was fully spent. Together there should be at least over 3000 BTC due to shareholders, which would be at least 0.3 BTC per share, or roughly 30 LTC per share. This is just cash on hand. Not to mention I'm sure someone is interested in the domain and site code, they should be worth at least 500 BTC if not more. Also burnside should provide some special compensation for public share holders, similar to how Eric handled the SatoshiDice sale, paying extra to public share holders out of his own funds. I think a 70-80 LTC buy out would be a fair compensation. |
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Anyone know what's the plan or compensation for LTCGLOBAL share holders? the value has dropped 90% over night, is there any plan from burnside to buy out the shares?
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Now it’s proven that their not a scam.
WTF are you talking about? They took what, 7,000BTC from IPO investors and what evidence have they shown?  If they were a scam just after the money wouldn't they have let the IPO become a bidding war and profit as much as possible? They could have had way more than 7000BTC. They could have had over 10,000+! Explain why a scam would do that? So whatever their motivation is, it's not to scam people out of money and get rich quick because they had the chance. This is a chance to buy cheap shares. Not if they plan to run this scam for a while. If they were planning to disappear immediately after the IPO, then yes they would do a bidding war style IPO. But looks like they are doing a BTCST style scam, the time span is going to be at least a year. If they can boost share price to high level, say 0.008, then they sell their 3M insider shares, they can get much more money than from the IPO. Therefore, they have to give the impression of actually mining. |
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Labcoin could prove they are mining with their own mining hardware in about 5 minute by taking a picture and posting it, yet they still refuse to do so, and went through the trouble of switching to pool mining and posting an address which means nothing. The address only holds significance if they stayed solo mining.
With pool mining, I expect to see live json stats which nearly every pool provides.
How would taking a picture prove anything? Taking pictures prove everything, with pictures we know they have actual facility and hardware that are possibly mining. Then when coupled with the mining evidence, I can be fairly certain that labcoin is indeed mining. Without pictures, simply having an address is extremely weak evidence of mining. |
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Labcoin could prove they are mining with their own mining hardware in about 5 minute by taking a picture and posting it, yet they still refuse to do so, and went through the trouble of switching to pool mining and posting an address which means nothing. The address only holds significance if they stayed solo mining.
With pool mining, I expect to see live json stats which nearly every pool provides.
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Pretty sure I do. Considering I simply report what the team relays to me as information, I would consider it perfectly within my right to think that thinly veiled personal threats are in bad taste.
Dude seriously you better have your bills sorted out because you will get a knock at the door from your local Fraud Squad as soon as the shit hits the fan and you wont see your family or friends for a very long time. Do you know how long a jail sentence you would get for conspiracy in a 5Million dollar fraud? You might even end up in a US prison (if you are in Sweden). Personally I'd rather be dead than spend 20years in a US prison. The sad part is TheSwede doesn't even know it is a scam, but the courts won't buy it for a second. I'm sure he does, he was paid 950BTC directly from the IPO funds, how can he not know it's a scam. |
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Actually he said they are going to mine in a pool, so you can't see newly generated coins on that address.
I don't understand. Are they allegedly solo mining or pool mining? This is fuzzy: ... and users will be able to view the mined coins through pool and this address: https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trmI have asked Sam to sign the address so that it can be proven without a doubt that Labcoin is indeed the entity mining. According to Sam the initial hash rate will be 'a few' TH and will be scaled up in the coming days as more miners come online. TLDR; Pool mining is being integrated and will be running in the next few hours (less than 12). Address provided above will be used for mining and will be signed as proof. Initial mining will be 'a few' TH and scaled up in the coming days. They claim they were supposedly solo mining with at least 2TH since 2 weeks ago, so we demanded a "mining address" to see all the newly generated block rewards. So after 2 weeks, finally they post an "address" that has zero bitcoins, now they conveniently switch to pool mining, which makes the "mining address" useless in terms of proof of mining. I bet they don't have a public stat page from the pool neither. It's possible that they tried to mine and thought they were mining when they made their update and then ran into some issues. Let's be reasonable. I'm very reasonable, pool mining? no problem, let's see a public stat page or json stats, which almost all pools provide. Actually 2TH will make them top miners on most pools except maybe btcguild, if I see "labcoin" as one of the top miners, I'd be totally fine with that. |
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Actually he said they are going to mine in a pool, so you can't see newly generated coins on that address.
I don't understand. Are they allegedly solo mining or pool mining? This is fuzzy: ... and users will be able to view the mined coins through pool and this address: https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trmI have asked Sam to sign the address so that it can be proven without a doubt that Labcoin is indeed the entity mining. According to Sam the initial hash rate will be 'a few' TH and will be scaled up in the coming days as more miners come online. TLDR; Pool mining is being integrated and will be running in the next few hours (less than 12). Address provided above will be used for mining and will be signed as proof. Initial mining will be 'a few' TH and scaled up in the coming days. They claim they were supposedly solo mining with at least 2TH since 2 weeks ago, so we demanded a "mining address" to see all the newly generated block rewards. So after 2 weeks, finally they post an "address" that has zero bitcoins, now they conveniently switch to pool mining, which makes the "mining address" useless in terms of proof of mining. I bet they don't have a public stat page from the pool neither. |
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I will message burnside to lock the security, and also scammer tag request for TheSwede and labcoin should be posted.
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Address 17psAW21J4twanAFWmbcd5WdX2pKeX3trm
First seen?: Never used on the network (as far as I can tell)
Received transactions: 0
Received BTC: 0
Sent transactions: 0
Sent BTC: 0
Hash160?: 4ade2df61ee1d7f0d89d46c9dc4ff1e7e1dd6f21
Public key?:
Unknown (not seen yet)
lol so the address we all waited for is an empty address with nothing? so labcoin got ZERO bitcoins from supposedly mining for 2 weeks with at least 2TH? If you have kept up with the updates, you would know that there have been some delays etc. The team is signing a clean address so that there will be zero questions that this is indeed the mining address used, and that all coins are indeed from the mining operation. I think to be fair, lets all monitor that address for a few days and see what happens. If they are mining on a pool then they'll have to get some coins within the next few days and if that happens then its evidence that its not a scam. Um no, mining address with newly generated coin is proof, ONLY if they were solo mining which they claim they were. For pooled mining, only proof is public stats page. Having bitcoin sent to their mining address is NOT proof at all. |
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As I had predicted, labcoin currently has 0 TH of mining power.
+1 I am going to let the mining speak for itself when the pool merge is complete. I would like to note however that even with 5+ TH solo-mining it can easily take 2+ days to find a block due to variance, hence the move to pool-mining. Since you claim you are now mining at a pool, then any bitcoin going to your "mining address" is not proof, therefore CAN'T "speak for itself". Unless you are also providing a public mining stats page from the pool. |
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Address 17psAW21J4twanAFWmbcd5WdX2pKeX3trm
First seen?: Never used on the network (as far as I can tell)
Received transactions: 0
Received BTC: 0
Sent transactions: 0
Sent BTC: 0
Hash160?: 4ade2df61ee1d7f0d89d46c9dc4ff1e7e1dd6f21
Public key?:
Unknown (not seen yet)
lol so the address we all waited for is an empty address with nothing? so labcoin got ZERO bitcoins from supposedly mining for 2 weeks with at least 2TH? |
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I am sure there are some huge language gaps causing issues,
I think 24 means 24 in all languages... nah labcoin announce they invented a new language, where 24 means "in 2 weeks", perpetually. |
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