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

[matt4054]

Guys, it's official, I want back in!

Code:

Received Bid Order: 100000 @ 0.0001 BTC

Placed Purchase Order #2742476: 100000 @ 0.0001 BTC. 

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[drawingthesun]

Still trying to figure out the reason for the delay of the mining address though (and doesn't solo mining add found blocks to different addresses?)

You move all mined bitcoins into an address of your choice. No point leaving them in their mined addresses especially if they belong to shareholders. You make 1 pass through address for verification of mined blocks.

[matt4054]

Still trying to figure out the reason for the delay of the mining address though (and doesn't solo mining add found blocks to different addresses?)

You move all mined bitcoins into an address of your choice. No point in leaving them in their mined addresses especially if they belong to shareholders. You make 1 pass through address for verification of mined blocks.

I would rather used a shared wallet.dat with keypoolsize=100000 or something like that.
Industrial solo miners know about this, so I expect them to do as well

[velacreations]

We understand the feelings you are going through but at the same time we know most of the accusations thrown at us are foolish.
Please wait for results to take your decisions. We will show everyone this operation is very serious within about one month from now.
This is  a very friendly advice; tomorrow the mining address and hashing statistics will be posted for everyone to verify.

This has been a long and difficult endeavour,thanks again.

you forgot the part where you say "please buy these shares, pretty please"

it takes me literally 2 seconds to copy and paste a BTC address.  It takes me about 15 seconds to generate a signed message and post an address.

we all know they have the time to post an address, cause that last "update" took longer than that.

[drawingthesun]

I would rather used a shared wallet.dat with keypoolsize=100000 or something like that.
Industrial solo miners know about this, so I expect them to do as well

But you still want to move all the coins because they need to be paid out right? I might be wrong but moving them through a known address is what you would do to prove your mining.

[matt4054]

I would rather used a shared wallet.dat with keypoolsize=100000 or something like that.
Industrial solo miners know about this, so I expect them to do as well

But you still want to move all the coins because they need to be paid out right? I might be wrong but moving them through a known address is what you would do to prove your mining.

Correct, as long as the coins come from generated inputs, they can safely be fanned out to shareholder addresses (BTC-TC I guess) once the mined blocks have matured, while still allowing transparency on the fact that the funds come from mining and not from other sources.

[VolanicEruptor]

Guys, it's official, I want back in!

Code:

Received Bid Order: 100000 @ 0.0001 BTC

Placed Purchase Order #2742476: 100000 @ 0.0001 BTC. 

The labcoin team would have to be arrested for it to go that low  who knows, good luck! 

[drawingthesun]

Correct, as long as the coins come from generated inputs, they can safely be fanned out to shareholder addresses (BTC-TC I guess) once the mined blocks have matured, while still allowing transparency on the fact that the funds come from mining and not from other sources.

Thanks. So do you have any idea why they keep delaying, what would you do in this situation?

[velacreations]

Guys, it's official, I want back in!

Code:

Received Bid Order: 100000 @ 0.0001 BTC

Placed Purchase Order #2742476: 100000 @ 0.0001 BTC. 

be careful what you wish for, you might just get it!

[matt4054]

Correct, as long as the coins come from generated inputs, they can safely be fanned out to shareholder addresses (BTC-TC I guess) once the mined blocks have matured, while still allowing transparency on the fact that the funds come from mining and not from other sources.

Thanks. So do you have any idea why they keep delaying, what would you do in this situation?

I don't know why they keep the mining address secret, if they are already hashing, that means they are not yet willing to expose the real situation for about 19 more hours. This is puzzling to say the least: what could possibly happen in 19 hours that make it possible to expose the situation, when it seems impossible now?

Do they think playing the game of words (before vs no later than, etc) is funny or beneficial to the market price? Their PR is full of non-sense and I've already asked numerous questions that always were ignored by the LC team (last question was clarification on generated blocks, no answer).

[Vigil]

Correct, as long as the coins come from generated inputs, they can safely be fanned out to shareholder addresses (BTC-TC I guess) once the mined blocks have matured, while still allowing transparency on the fact that the funds come from mining and not from other sources.

Thanks. So do you have any idea why they keep delaying, what would you do in this situation?

I don't know why they keep the mining address secret, if they are already hashing, that means they are not yet willing to expose the real situation for about 19 more hours. This is puzzling to say the least: what could possibly happen in 19 hours that make it possible to expose the situation, when it seems impossible now?

Do they think playing the game of words (before vs no later than, etc) is funny or beneficial to the market price? They're PR is full of non-sense and I've already asked numerous questions that always were ignored by the LC team (last question was clarification on generated blocks, no answer).

Sorry, but I feel like I need to do this: *Their*. "They're" means "they are". Its not just you, I see this all day long on these forums.

[matt4054]

Sorry, but I feel like I need to do this: *Their*. "They're" means "they are". Its not just you, I see this all day long on these forums.

Corrected, TY. As a non-native speaker, these kind of phonetic mistakes are rare from me, probably means I've spent too much time here

By the way, "It's just not you" vs "Its just not you"... LOL

[creativex]

Do they think playing the game of words (before vs no later than, etc) is funny or beneficial to the market price? Their PR is full of non-sense and I've already asked numerous questions that always were ignored by the LC team (last question was clarification on generated blocks, no answer).

Management has been playing word games for months. They're clearly stalling and are unwilling to level with shareholders.

[BitThink]

Even they post the address and stats, I don't expect a very good result. Otherwise, labcoin will not keep saying 'in one month'. They are betting on their second batch and the new team to whom they outsourced the deploying.

[FloatesMcgoates]

Not sure whats taking the market so long to tank this stock right now, the announcement tomorrow is probably going to be horrendous or else they would have released it today.

[AngelSky]

Not sure whats taking the market so long to tank this stock right now, the announcement tomorrow is probably going to be horrendous or else they would have released it today.

Why are they buying time ?

[Bitcycle]

Not sure whats taking the market so long to tank this stock right now, the announcement tomorrow is probably going to be horrendous or else they would have released it today.

I tend to agree.  20 hours can't make any meaningful difference.

And they keep talking about the end of October to make a decision.  Simple fact is that no one is going to wait that long.

But I just can't bring myself to dump.  I want to, but I can't.

[AngelSky]

Not sure whats taking the market so long to tank this stock right now, the announcement tomorrow is probably going to be horrendous or else they would have released it today.

I tend to agree.  20 hours can't make any meaningful difference.

And they keep talking about the end of October to make a decision.  Simple fact is that no one is going to wait that long.

But I just can't bring myself to dump.  I want to, but I can't.

Too much love, not enough facts.

[dhenson]

Not sure whats taking the market so long to tank this stock right now, the announcement tomorrow is probably going to be horrendous or else they would have released it today.

Why are they buying time ?

Once they post the address we will be able to see exactly when any blocks were mined (if any). It really doesn't make sense to stall.

Please post a picture of 'hashing' rigs and the public address.

[dhenson]

I suspect they won't post the mining address; just a wallet address that they'll say their mining income goes into.

I suspect neither TheSwede75 nor Labcoin have direct access to the operation.

Any funds transferred to their public address can be traced back to the block they were mined.  That solves nothing.