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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058520 times)
drawingthesun
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September 18, 2013, 04:10:58 PM
 #11021

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?

This is an odd logical argument. "If you don't believe some guy that a large percentage of the community trust, then you won't believe seeing absolute proof."

Just because he is trusted doesn't mean that substitutes for seeing chips mine in front of your eyes.

There is a huge difference between trusting a person no matter their credentials and actually seeing chips hashing in front of your eyes.
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velacreations
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September 18, 2013, 04:25:32 PM
 #11022

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?

bullshit, even TheSeven says he can't verify anything. If they show evidence, then we can judge the evidence, but as of yet, there has been nothing of substance.

TheSeven's comments are speculation, at best, as he has received the same amount of evidence as the rest of us: none.

Bitcycle
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September 18, 2013, 04:26:45 PM
 #11023


They're seriously going to run this down to the last minute. 




velacreations
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September 18, 2013, 04:30:00 PM
 #11024

They're seriously going to run this down to the last minute. 
that doesn't bode well...

ShroomsKit
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September 18, 2013, 04:36:11 PM
 #11025


They're seriously going to run this down to the last minute. 






I can't think of a reason but whatever reason they might have it doesn't look like anything positive.
I actually have problems believing they will post it by now.
I think they will anounce a new date without explaining why.

Its price is not a very relevant factor in its adoption....
Anotheranonlol
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September 18, 2013, 04:38:29 PM
 #11026

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

That's the beauty of well executed fraud, you perpetuate it in just the right way to be able to masquerade as a good intentioned venture from the get go, one which was only marred by 'unexpected' issues, they have just got into deep, they tried to make it work, etc. BFL is well known with this tactic "still in progress delivering guys!! it's ok we're not a scam we are making and sending hardware just not the quickest  "  

Quote
fraud
Wrongful or criminal deception intended to result in financial or personal gain.
A person or thing intended to deceive others, typically by unjustifiably claiming or being credited with accomplishments or qualities.
Synonyms
cheat - deceit - deception - swindle - humbug - fake

no two ways about it labcoin actions fit the definition above.

Luckybit
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September 18, 2013, 04:39:22 PM
 #11027

Maybe I over reacted a few days ago. It's possible that Sam Noi and TheSwede don't know whats going on. Who is Howard Wang? He's like a Satoshi Nakamoto, no one knows for sure if he exists at all but he's the team lead. It's probably a situation where Sam Noi receives instructions from Howard Wang on progress and then it gets passed to TheSwede.

For this reason it's best to hold. Still wouldn't buy it, but its stupid to dump it if you have a lot of it and waited this long, and even more stupid to dump it if you have a very small amount. This is why I think most people are holding or buying in small amounts.

I think most people can stand to wait until October 30th.

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September 18, 2013, 04:39:28 PM
 #11028

I can't think of a reason but whatever reason they might have it doesn't look like anything positive.
I actually have problems believing they will post it by now.
I think they will anounce a new date without explaining why.

that will kill the share price.

At this point, they should just level with us and let us know wtf is going on over there.  If it's a scam, they'll keep up the charade, but if they are legit, they can explain their situation.

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September 18, 2013, 04:43:36 PM
 #11029

Maybe I over reacted a few days ago. It's possible that Sam Noi and TheSwede don't know whats going on. Who is Howard Wang? He's like a Satoshi Nakamoto, no one knows for sure if he exists at all but he's the team lead. It's probably a situation where Sam Noi receives instructions from Howard Wang on progress and then it gets passed to TheSwede.

I wonder what amount shareholder will pay for information that demonstrate beyond any reasonable doubt that Samuel Noi does not exist in relation to this project


I will send you a big roflcopter to your home address Smiley

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velacreations
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September 18, 2013, 04:44:17 PM
 #11030

no buy support, that's for sure.  I guess that pump attempt statement from TheSeven didn't add any confidence.

if this thing turns ugly, it'll drop past those bids around .002 really quickly.

drawingthesun
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September 18, 2013, 04:44:25 PM
 #11031

Anotheranonlol, whats with your signature?

Quote
Will Labcoin be biggest BTC Heist since PirateAt40's theft?

Have there really been no scams larger than 7,000 since Pirate?
bitcoiner49er
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September 18, 2013, 04:46:01 PM
 #11032

TheSwede just posted in an entirely unrelated thread about 3 mins ago. Why no update here?
https://bitcointalk.org/index.php?topic=296633.0

Homo doctus is se semper divitias habet
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September 18, 2013, 04:46:45 PM
 #11033

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?

bullshit, even TheSeven says he can't verify anything. If they show evidence, then we can judge the evidence, but as of yet, there has been nothing of substance.

TheSeven's comments are speculation, at best, as he has received the same amount of evidence as the rest of us: none.

stop trolling again, every day talking about identity, it's getting boring already
velacreations
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September 18, 2013, 04:48:12 PM
 #11034

TheSwede just posted in an entirely unrelated thread about 3 mins ago. Why no update here?
https://bitcointalk.org/index.php?topic=296633.0

he doesn't have anything to update, obviously.

the crowd is getting nervous... uh oh....

Bitcycle
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September 18, 2013, 04:48:20 PM
 #11035


If you're doubtful, get out now.  There won't be time after the announcement (or deadline passes).

Bids are very thin.  
Luckybit
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September 18, 2013, 04:48:35 PM
 #11036

My guess is the 130nm chips didn't pass testing and are faulty. That would explain the full month setback.

I suspect that might be the case as it would explain their creepy behavior. If it is and management is going through all these contortions to hide this fact then there's no reason to hold shares. Their 65nm chips are still a ways off and management has already demonstrated a disturbing lack of transparency.

If you held this long and you know for certain its an issue they can fix within a matter of weeks then why not hold for another few weeks? I don't see a point in dumping at a loss when you can hold and know for sure its not a scam.

The issue is people would rather know the chips didn't pass the test and failed than to not know anything at all. If the chips wont work until October 30th that would be perfectly fine as something could be arranged. They could do what Ciphermine is doing and offer a bond/loan and let investors buy that instead of shares and then use the bond/loan money to fix the problem with the bad chips. They can produce more chips to make up for it or outsource deployment.

My guess is they messed up on the deployment side and on the chips. My guess is the chips don't work but they are stuck holding millions of dollars and not knowing how to explain that the chips don't work. They also probably don't want to alert the competition that the chips don't work.

Transparency would be better here but there may be cultural differences. Chinese culture is very difficult in this.
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September 18, 2013, 04:49:56 PM
 #11037


If you're doubtful, get out now.  There won't be time after the announcement (or deadline passes).

Bids are very thin.  

you going to say your bids ??
Bitcycle
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September 18, 2013, 04:51:11 PM
 #11038


If you're doubtful, get out now.  There won't be time after the announcement (or deadline passes).

Bids are very thin.  

you going to say your bids ??

No.  Smiley

Doesn't change the truth of the situation, though.
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September 18, 2013, 04:51:42 PM
 #11039

stop listening to them, simply they want to knock down the price again
ShroomsKit
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September 18, 2013, 04:54:31 PM
 #11040

TheSwede just posted in an entirely unrelated thread about 3 mins ago. Why no update here?
https://bitcointalk.org/index.php?topic=296633.0

What would he post? The guy is clueless. In more than 1 way. Since day 1 every post basically said "i don't have any info".

Its price is not a very relevant factor in its adoption....
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