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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1041932 times)
drawingthesun
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September 18, 2013, 03:47:22 PM
 #11001

If they can provide some evidence and the community accepts labcoin as legit, I might come back.

If they prove they are legit many of us will want to buy back into our positions. I am quite reduced from my peak position but if they are proving themselves finally then I see no reason not to get back in. Unless the results are lackluster.
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physalis
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September 18, 2013, 03:47:55 PM
 #11002

I don't think it will restore confidence, actually.  When the brain trust of G2 hasn't even heard from the team in a long time, that doesn't add confidence.  When even he doesn't have evidence that current tech is real, that doesn't help confidence.

You guys are trying to spin this positive, but it is not a positive development, at all.

Let's focus on the reasons why it has taken them weeks to copy and paste a mining address...  theSeven didn't address that, did he?

Listen to this man.

All TheSeven says is that he is working on something as an "external consultant". That means nothing.
They wanted his pretty name on their project so it doesn't look like a scam. So they "consulted" him.
drawingthesun
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September 18, 2013, 03:48:32 PM
 #11003

what happens when they post an unsigned address with no funds?

I think doing that would be worse than actually making up some lame excuse.
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September 18, 2013, 03:49:08 PM
 #11004

I don't think it will restore confidence, actually.  When the brain trust of G2 hasn't even heard from the team in a long time, that doesn't add confidence.  When even he doesn't have evidence that current tech is real, that doesn't help confidence.

You guys are trying to spin this positive, but it is not a positive development, at all.

Let's focus on the reasons why it has taken them weeks to copy and paste a mining address...  theSeven didn't address that, did he?

Listen to this man.

All TheSeven says is that he is working on something as an "external consultant". That means nothing.
They wanted his pretty name on their project so it doesn't look like a scam. So they "consulted" him.

Seems he saw a lot of things too. If this was a scam, they wouldn't be able to provide something legit to work on.

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Bitcycle
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September 18, 2013, 03:49:51 PM
 #11005

I don't think it will restore confidence, actually.  When the brain trust of G2 hasn't even heard from the team in a long time, that doesn't add confidence.  When even he doesn't have evidence that current tech is real, that doesn't help confidence.

You guys are trying to spin this positive, but it is not a positive development, at all.

Let's focus on the reasons why it has taken them weeks to copy and paste a mining address...  theSeven didn't address that, did he?

Listen to this man.

All TheSeven says is that he is working on something as an "external consultant". That means nothing.
They wanted his pretty name on their project so it doesn't look like a scam. So they "consulted" him.

The it's-a-scam boat has sailed.

You're just looking desperate by sticking to it.

Move on.
Zubilica
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September 18, 2013, 03:49:58 PM
 #11006

http://blockchain.info/address/1NBDEAYH49tZvFMJ95oa4kYrqgecgnc16C

TMAN
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September 18, 2013, 03:50:34 PM
 #11007

Do I detect angel becoming a believer?
physalis
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September 18, 2013, 03:50:41 PM
 #11008

If they post a real mining address in 4 hours, are you going back into labcoin ?

No, because that doesn't prove anything. It's a first step, but definitely not proof.
Getting 2 TH with bought hardware isn't that hard. They have to prove that they have their OWN hardware hashing.
But since they said we're not getting any of more of their laughable pictures, that train has left the station.
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September 18, 2013, 03:51:13 PM
 #11009

what happens when they post an unsigned address with no funds?

I said "proof". That would require that they have blocks, which is a result of mining. Bonus for screenshots of hashrates. Did they state they would sign their blocks? If so, I'd expect that as well. I'll gauge what they provide at the moment and decide if it qualifies as enough proof. The idea that this is a scam is quickly dwindling for me, especially with theSeven's response. As of now it's only a matter of them getting the operation up and running. I don't want my Bitcoins tied up until that point, though.

Has one of my posts enriched your life? Has it made you feel warm and fuzzy?Tips here! 1KhmwZTDqNDKxm2Fnj9QgnfHgP6g7paqtc
creativex
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September 18, 2013, 03:55:10 PM
 #11010

what happens when they post an unsigned address with no funds?

I said "proof". That would require that they have blocks, which is a result of mining. Bonus for screenshots of hashrates. Did they state they would sign their blocks? If so, I'd expect that as well. I'll gauge what they provide at the moment and decide if it qualifies as enough proof. The idea that this is a scam is quickly dwindling for me, especially with theSeven's response. As of now it's only a matter of them getting the operation up and running. I don't want my Bitcoins tied up until that point, though.

Yes. They said they'd update their website with current hashrates. They said they'd employ a block signing mechanism similar to ASICMiner's. Obviously these things have not happened.

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September 18, 2013, 03:55:17 PM
 #11011

Do I detect angel becoming a believer?

I'm not a good gambler. If they can give us more than words, then I'm buying. As simple as that!

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September 18, 2013, 03:55:25 PM
 #11012


You know, this could really be "it"... hash rate is pretty consistent with 2TH/s.

Know what's happening in cryptoworld: www.coinschedule.com
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September 18, 2013, 03:57:39 PM
 #11013

what happens when they post an unsigned address with no funds?

I said "proof". That would require that they have blocks, which is a result of mining. Bonus for screenshots of hashrates. Did they state they would sign their blocks? If so, I'd expect that as well. I'll gauge what they provide at the moment and decide if it qualifies as enough proof. The idea that this is a scam is quickly dwindling for me, especially with theSeven's response. As of now it's only a matter of them getting the operation up and running. I don't want my Bitcoins tied up until that point, though.

Yes. They said they'd update their website with current hashrates. They said they'd employ a block signing mechanism similar to ASICMiner's. Obviously these things have not happened.

Obviously.

I'm also not in yet, but will be with acceptable proof.

Has one of my posts enriched your life? Has it made you feel warm and fuzzy?Tips here! 1KhmwZTDqNDKxm2Fnj9QgnfHgP6g7paqtc
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September 18, 2013, 03:59:37 PM
 #11014

off-topic: 54 shares left for AM to go under 2.0

No more bids for share >= 2.0

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ICO Starts: Oct 26th 2017 
Bitcycle
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September 18, 2013, 04:03:16 PM
 #11015

off-topic: 54 shares left for AM to go under 2.0

No more bids for share >= 2.0

People are definitely overreacting to the div news.

Then again, this community can always be counted on to overreact.

AM is getting to be a bargain...
limbaugh
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September 18, 2013, 04:03:48 PM
 #11016

off-topic: 54 shares left for AM to go under 2.0

No more bids for share >= 2.0


What an excellent time for Labcoin to capitalize on AM's decline.
jeffhuys
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September 18, 2013, 04:04:24 PM
 #11017

Wish I had more bitcoins.

Bitcycle
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September 18, 2013, 04:06:55 PM
 #11018



Just noting-

It's no longer the 18th in China.
demzie
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September 18, 2013, 04:07:27 PM
 #11019

I don't think it will restore confidence, actually.  When the brain trust of G2 hasn't even heard from the team in a long time, that doesn't add confidence.  When even he doesn't have evidence that current tech is real, that doesn't help confidence.

You guys are trying to spin this positive, but it is not a positive development, at all.

Let's focus on the reasons why it has taken them weeks to copy and paste a mining address...  theSeven didn't address that, did he?

Listen to this man.

All TheSeven says is that he is working on something as an "external consultant". That means nothing.
They wanted his pretty name on their project so it doesn't look like a scam. So they "consulted" him.

"From my point of view there are zero signs of a scamming plan (if it would be one, it would be an extremely elaborate one). However, as with any ASIC project, there is a lot of risks, and it's much too early to tell if this project will be successful in the end.
Please note that I don't have access to any physical hardware from them (yet), so I cannot verify if they actually have the chips that they are claiming to have. I have no reason to belive the contrary though."

If you dont even believe theseven, than you aint gonna believe it when you see the chips mining live in front of you.. Glass is half empty right?
Pale Phoenix
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September 18, 2013, 04:08:47 PM
 #11020

I don't think it will restore confidence, actually.  When the brain trust of G2 hasn't even heard from the team in a long time, that doesn't add confidence.  When even he doesn't have evidence that current tech is real, that doesn't help confidence.

You guys are trying to spin this positive, but it is not a positive development, at all.

Let's focus on the reasons why it has taken them weeks to copy and paste a mining address...  theSeven didn't address that, did he?

Listen to this man.

All TheSeven says is that he is working on something as an "external consultant". That means nothing.
They wanted his pretty name on their project so it doesn't look like a scam. So they "consulted" him.

Velacreations is a zealot, and a manic one at that. Take advice from zealots at your peril.

The more the propagandists confuse incompetence and fibbing with an actual scam, the less weight the term has when applied to actual fraud.

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