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KonstantinosM
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March 10, 2014, 05:51:21 PM
Last edit: March 10, 2014, 11:35:33 PM by KonstantinosM |
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Edit: I was wrong, post removed
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Syscoin has the best of Bitcoin and Ethereum in one place, it's merge mined with Bitcoin so it is plugged into Bitcoin's ecosystem and takes full advantage of it's POW while rewarding Bitcoin miners with Syscoin
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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runam0k
Legendary
 Offline
Activity: 1092
Merit: 1001
Touchdown
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March 10, 2014, 05:57:05 PM |
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You are not incorrect according to what LR posted that started this shit fest. In fact, as of right now that is all you own. Consider your shares to be < 1 AM usb device.
^ Indeed, and it will remain this way until Lab Rat clarifies exactly how the increased hashrate will be divided between the contract holders. |
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Endlessa
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March 10, 2014, 05:57:58 PM |
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at a price of .15 per share the following statements can be considered for anyone he sold shares to with btc at the current price or better (basically all shares since december): - your shares were tripled
- were sold at .05 bit coins per current share (since they tripled)
- at a market price of $622 per btc that is $31.10 per 100 mh/s
- $311 per gigahash
- should now set a record as the most expensive gh/$ price ever given
- Monarchs cost $7.82 per gh back in august
- Monarchs are $3.66 per gh now
- you could buy non discount retail 84.97 gh for 1 LRM gh/s
- makes no mathematical sense what so ever
- If LR continues this he just boned all of us
- the shares are now worth $0.37 usd each compared to retail hash
Edit: shares are worth BTC0.00059485 btc (saved you the math) (times 3 since the shares were tripled) |
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rangerbob21
Member
Offline
Activity: 98
Merit: 10
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March 10, 2014, 05:58:56 PM |
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I actually hit a milestone this weekend. My 1 BTC (~$92) investment in July '13 in LRM bonds has broken even in USD! For the value of BTC, I have lost .86370458 BTC or ~$535 vs holding (not being involved with LRM).
Capping the (G)MH/S per bond is a mistake. As was, it seems, my faith in LRM.
EDIT: BTW... Where is a listing of the current bond holders and their total holdings?
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Lab_Rat (OP)
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March 10, 2014, 06:01:08 PM |
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Many questions were posted last night. Please allow time before my responses as I'm not going be sitting infront of the computer 24/7. If you want something to actually get done that is.
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Lab_Rat (OP)
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March 10, 2014, 06:02:56 PM |
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No new hardware is in yet.
To clarify the current change. If you had 1 contract @ ~280MH/s you now have 3 @ 100MH/s.
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Lab_Rat (OP)
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March 10, 2014, 06:05:32 PM |
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lab_rat, do you forget your ipo terms, the share's original price is about 0.15B, drop to 0.05B bacause of lack of liquidity when the exchange is closed, so actually the bond is underestimated.
some day ago you annouce to us the company 's hashrate will rise to 250TH（he deletes contemptibly these announces in the office website）. Now you decide the bond just worth 300mh as the value as 0.005B, the whole hashrate is only(300mh*60000=18TH), even less than current hashrate 50TH.
Do you think the bondowners are so stupid to bully. I suggest all the bondowners to sue and arrest labrat, a infamous fraud, and put him into the blacklist of bitcointalk and the whole bitcoin world.
I don't know where you got 50TH from? |
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Endlessa
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March 10, 2014, 06:06:38 PM |
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No new hardware is in yet.
To clarify the current change. If you had 1 contract @ ~280MH/s you now have 3 @ 100MH/s.
that does equate directly, we had 280 MH/s with a growth to 2.2 gh/s sometime first half of this year with hardware we paid for. don't act like your doing a giveaway. Edit: not mention no part of anything past that time |
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BKM
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March 10, 2014, 06:06:51 PM |
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No new hardware is in yet.
To clarify the current change. If you had 1 contract @ ~280MH/s you now have 3 @ 100MH/s.
Hi Zach - does this mean that the 1 --> 3 conversion is done as of now? Also, will your consultations with legal today permit you to inform us of the disposition of the inbound hardware? Thx |
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Lab_Rat (OP)
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March 10, 2014, 06:07:16 PM |
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There are certain important connections that are still in place, but there are things changing in the BTC hardware manufacturing community that are not my place to comment on.
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rangerbob21
Member
Offline
Activity: 98
Merit: 10
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March 10, 2014, 06:08:19 PM |
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With the change to the original terms, If I do not agree, do I get my original 1 BTC investment back? Fair question, I think.
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Endlessa
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March 10, 2014, 06:08:51 PM |
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There are certain important connections that are still in place, but there are things changing in the BTC hardware manufacturing community that are not my place to comment on.
Actually you are the only one who can comment on them and how they pertain to LRM. |
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Lab_Rat (OP)
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March 10, 2014, 06:09:14 PM |
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No new hardware is in yet.
To clarify the current change. If you had 1 contract @ ~280MH/s you now have 3 @ 100MH/s.
Hi Zach - does this mean that the 1 --> 3 conversion is done as of now? Also, will your consultations with legal today permit you to inform us of the disposition of the inbound hardware? Thx It has been done as an immediate fix, but the business world does not operate on same day basis unfortunately. I can beg and plead for information today and I'll get answers by the end of the week if I'm lucky. |
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Lab_Rat (OP)
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March 10, 2014, 06:10:44 PM |
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There are certain important connections that are still in place, but there are things changing in the BTC hardware manufacturing community that are not my place to comment on.
Actually you are the only one who can comment on them and how they pertain to LRM. No I can't as they are not my companies and releasing information that is not mine to release would destroy relationships built with manufacturers. |
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BKM
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March 10, 2014, 06:11:30 PM |
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No new hardware is in yet.
To clarify the current change. If you had 1 contract @ ~280MH/s you now have 3 @ 100MH/s.
Hi Zach - does this mean that the 1 --> 3 conversion is done as of now? Also, will your consultations with legal today permit you to inform us of the disposition of the inbound hardware? Thx It has been done as an immediate fix, but the business world does not operate on same day basis unfortunately. I can beg and plead for information today and I'll get answers by the end of the week if I'm lucky. I've dealt with many lawyers - you direct and instruct them - never beg & plead  . They do, afterall, work for you. Unless, of course, they are working against you. |
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Lab_Rat (OP)
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March 10, 2014, 06:13:54 PM |
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With the change to the original terms, If I do not agree, do I get my original 1 BTC investment back? Fair question, I think.
You have received part of this in weekly payments as long as you have held contracts with LRM. Also there are disclaimers in the contract stating I am not required to buy-back contracts and that all investments carry risk. I'm working on getting things going in a manner that everyone can agree on. Please just don't throw out ridiculous statements and end it with "fair question." That is equivalent to people who say "I don't mean to sound racist" and include the N word 5 times in one sentence. |
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Doff
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March 10, 2014, 06:15:05 PM |
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Many questions were posted last night. Please allow time before my responses as I'm not going be sitting infront of the computer 24/7. If you want something to actually get done that is.
I'm sorry but it took me about 15 minutes to read all the posts last night, and about 10 minutes while working to catch up this morning. I am confused why this takes you 24/7 to accomplish, and what I think what we would all like to know is what the hell you are doing when you aren't posting here. |
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Endlessa
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March 10, 2014, 06:15:09 PM |
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With the change to the original terms, If I do not agree, do I get my original 1 BTC investment back? Fair question, I think.
Just to legally clarify. I officially do not accept the new terms and also request a refund. |
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Lab_Rat (OP)
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March 10, 2014, 06:15:15 PM |
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No new hardware is in yet.
To clarify the current change. If you had 1 contract @ ~280MH/s you now have 3 @ 100MH/s.
Hi Zach - does this mean that the 1 --> 3 conversion is done as of now? Also, will your consultations with legal today permit you to inform us of the disposition of the inbound hardware? Thx It has been done as an immediate fix, but the business world does not operate on same day basis unfortunately. I can beg and plead for information today and I'll get answers by the end of the week if I'm lucky. I've dealt with many lawyers - you direct and instruct them - never beg & plead . They do, afterall, work for you. Unless, of course, they are working against you. I understand what you mean but you misunderstood the fact that I will "instruct and direct" and then beg for official documents and statutes... |
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Lab_Rat (OP)
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March 10, 2014, 06:16:32 PM |
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Many questions were posted last night. Please allow time before my responses as I'm not going be sitting infront of the computer 24/7. If you want something to actually get done that is.
I'm sorry but it took me about 15 minutes to read all the posts last night, and about 10 minutes while working to catch up this morning. I am confused why this takes you 24/7 to accomplish, and what I think what we would all like to know is what the hell you are doing when you aren't posting here. But how many hours were in between? People are expecting a response within 5 minutes of their post. |
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