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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1039807 times)
VinceSamios
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July 31, 2013, 09:57:10 PM
 #1141

I'm going to bed - if at any point sense befalls burnside or swede, and the sensible thing is done, please make sure you give everyone a good 18-20 hours. We aren't all american.

your first smart move today.

one up on you clearly ;-)

The Happy Clappy Bitcoin Chappy - http://twitter.com/vincesamios
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foxykah
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July 31, 2013, 09:57:55 PM
 #1142

Quick warning...

DO NOT TRY TO EDIT YOUR ORDER QUANTITIES.

An order quantity edit (bug, sorry, just discovered...) removes the existing order and places a new order at the appropriate amount.

Obviously new orders are blocked right now, so really it's just deleting your order.

I'm going to quickly fix this bug and assume that those of you that tried to game the system by editing your quantity did so by "accident" ...

If you really, truly meant to cancel your order, then by all means go ahead and do it again.  Wink

Cheers.


Can we safely spend the coins that were bid but now are over the adjusted amount?

+1

Good things come to those who wait.
bigdude
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July 31, 2013, 09:58:44 PM
 #1143

Burnside - when will the btc not used be released?
foxykah
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July 31, 2013, 09:58:53 PM
 #1144

Quick warning...

DO NOT TRY TO EDIT YOUR ORDER QUANTITIES.

An order quantity edit (bug, sorry, just discovered...) removes the existing order and places a new order at the appropriate amount.

Obviously new orders are blocked right now, so really it's just deleting your order.

I'm going to quickly fix this bug and assume that those of you that tried to game the system by editing your quantity did so by "accident" ...

If you really, truly meant to cancel your order, then by all means go ahead and do it again.  Wink

Cheers.


Haha nice one one burn XD
That explains those few thousand that are missing

now they are the only ones missing as a result of rounding.

Good things come to those who wait.
chairforce1
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July 31, 2013, 09:59:42 PM
 #1145

Just accidentally canceled my order. Feels good  Cool


oh god i laughed so hard, mostly because i almost did that too

Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo

-Epicuru$
ShroomsKit
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July 31, 2013, 10:00:18 PM
 #1146

Burnside, many people got screwed over. How can you so easily let this go?
Why aren't you doing everything you can to get us our shares?

It's hardly about the shares anymore for me. It's how this is being handled what annoys me most at this point.

Its price is not a very relevant factor in its adoption....
burnside
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July 31, 2013, 10:00:26 PM
 #1147

Burnside - when will the btc not used be released?

Either when the caching of your personal order book times out, or when it gets reset by you doing an action. (eg, if you place and cancel an order it should reset it.)

Cheers.

I'm not a Coinbase fan -- I placed a buy order, they took the funds out of my account, then a week later the price went up and they canceled the buy and closed my account.  You've been warned.  Use a different exchange.
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July 31, 2013, 10:01:02 PM
 #1148

Quick warning...

DO NOT TRY TO EDIT YOUR ORDER QUANTITIES.

An order quantity edit (bug, sorry, just discovered...) removes the existing order and places a new order at the appropriate amount.

Obviously new orders are blocked right now, so really it's just deleting your order.

I'm going to quickly fix this bug and assume that those of you that tried to game the system by editing your quantity did so by "accident" ...

If you really, truly meant to cancel your order, then by all means go ahead and do it again.  Wink

Cheers.


Haha nice one one burn XD
That explains those few thousand that are missing

now they are the only ones missing as a result of rounding.

It's close enough wild rush for the 376 left at IPO price Xd

mgio
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July 31, 2013, 10:01:24 PM
 #1149

It's prevented me from realising either the profits or losses from a massive risk.... that's the way the world works, nothing free about it. Regardless, this clusterfuck of retardedness prevented something it shouldn't have. Be it my profit or loss.

Please.  there was a limited quantity of shares and people who got in first and paid the most attention to the thread got 'em.  Labcoin didn't "owe" you anything. You can still purchase shares on the market once trading actually starts.

Really has nothing to do with that. Even people who knew about the IPO for a while didn't necessarily hold that much coin on BTCT. People who got screwed just happened to transfer their money to that POS site at the wrong time.
redbeans2012
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July 31, 2013, 10:02:43 PM
 #1150

Burnside, many people got screwed over. How can you so easily let this go?
Why aren't you doing everything you can to get us our shares?

It's hardly about the shares anymore for me. It's how this is being handled what annoys me most at this point.

This was handled very fairly, he didn't screw anyone over.
DopeFish
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July 31, 2013, 10:02:57 PM
 #1151

burnside; do the withdraws!
aahzmundus
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July 31, 2013, 10:04:44 PM
 #1152

So wait... Burnsides does NOTHING about the glitch that made it so i missed out on ordering shares... because my balance would not display.  But when there was a glitch that let me resolve that issue, and increase my order to what it should have been in the first place... that bug gets reversed and fixed?  Really?

burnside
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July 31, 2013, 10:05:10 PM
 #1153

Burnside, many people got screwed over. How can you so easily let this go?
Why aren't you doing everything you can to get us our shares?

It's hardly about the shares anymore for me. It's how this is being handled what annoys me most at this point.

I am trying to prioritize things by "number of people affected".

I apologize for the issue, there is nothing I can do about it this second and resetting the clock would just result in the same thing happening again.  Another rush of deposts, which wouldn't all get credited, which would mean more pissed off users.  Bottom line is that the actual solution to the problem is potentially weeks away, depending on how much dev time it is going to take to address.


I'm not a Coinbase fan -- I placed a buy order, they took the funds out of my account, then a week later the price went up and they canceled the buy and closed my account.  You've been warned.  Use a different exchange.
San1ty
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July 31, 2013, 10:06:09 PM
 #1154

Why all the hate on LABCOIN and Burnside?

Yes this could have been handled better, and yes the deposits had issues (I got screwed myself, could have gotten a lot more shares).
But these guys have been doing everything to make this process as smooth as possible. Have you guys ever seen a BTC IPO that went perfectly smooth?

Good job both on making the best of a bad situation.

A couple of things to pay attention to on the next IPO:
- Make sure BTCT.CO is working as intended even during heavy load (deposits)
- As an IPO issuer you should stick to your issued timeline and plan even if it pisses off people.

Found my posts helpful? Consider buying me a beer :-)!:
BTC - 1San1tyUGhfWRNPYBF4b6Vaurq5SjFYWk NXT - 17063113680221230777
alexius89
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July 31, 2013, 10:06:27 PM
 #1155

Burnside - what happend with Orders between 3 PM CST  und the Freezing?

Quote
Burnside is writing a custom script to execute orders between the freeze-time and the public trading start.

by TheSwede75


so we are still in, correct?


foxykah
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July 31, 2013, 10:07:32 PM
 #1156

Why all the hate on LABCOIN and Burnside?

Yes this could have been handled better, and yes the deposits had issues (I got screwed myself, could have gotten a lot more shares).
But these guys have been doing everything to make this process as smooth as possible. Have you guys ever seen a BTC IPO that went perfectly smooth?

Good job both on making the best of a bad situation.

A couple of things to pay attention to on the next IPO:
- Make sure BTCT.CO is working as intended even during heavy load (deposits)
- As an IPO issuer you should stick to your issued timeline and plan even if it pisses off people.

problem is, it could not be predicted, that this IPO would induce a load this huge, and crash the deposit system.

Good things come to those who wait.
ShroomsKit
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July 31, 2013, 10:07:59 PM
 #1157

Burnside, many people got screwed over. How can you so easily let this go?
Why aren't you doing everything you can to get us our shares?

It's hardly about the shares anymore for me. It's how this is being handled what annoys me most at this point.

I am trying to prioritize things by "number of people affected".

I apologize for the issue, there is nothing I can do about it this second and resetting the clock would just result in the same thing happening again.  Another rush of deposts, which wouldn't all get credited, which would mean more pissed off users.  Bottom line is that the actual solution to the problem is potentially weeks away, depending on how much dev time it is going to take to address.



People who did their deposit in time should still be getting their shares. How is this impossible?

Its price is not a very relevant factor in its adoption....
Lohoris
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July 31, 2013, 10:08:34 PM
 #1158

Why all the hate on LABCOIN and Burnside?
I personally I'm quite happy to have learned new things about doing IPOs, and this is fine and good.

I'm a bit worried, however, noticing how little care was given to not following the posted rules.

Bugs happen, we know that, and he's already working on that.
But rules should be followed, and there was really nothing preventing that...

1LohorisJie8bGGG7X4dCS9MAVsTEbzrhu
DefaultTrust is very BAD.
canth
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July 31, 2013, 10:09:20 PM
 #1159



If you moved you're bid up you are included.

No because I removed my higher bid after swede said likely scenario was book would be wiped as said here

Stop trading/block order placing, wipe all open orders and announce the official start. - btct.co will probably go down under the load, but imho this feels like the cleanest solution.

https://bitcointalk.org/index.php?topic=263445.msg2838972#msg2838972

I'd suggest sending some coin to Matt4054 for his calming weed. It's more likely to help than asking for a hot tub time machine reset button.

neuroticjose
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July 31, 2013, 10:09:33 PM
 #1160

I always remind myself that btct is currently in beta so problems and gremlins happen.
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