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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1040352 times)
Pale Phoenix
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September 18, 2013, 09:02:35 PM
 #11441

There's no "spinning" required. You have no idea what happened to the funds after they were withdrawn, and they were never slated to be spent on development of the 130chip as Labcoin has always maintained that they paid those costs to the IPO.

you are so sure that there is no way to track the funds..who says they have even been spent ?
slow guys such as yourself, will only write what labcoin has told you has happened
thankfully blockchain does not lie

I don't know who says they have been spent... certainly not me. You are the genius implying that Burnside should take action because they weren't spent on 130nm development, and I'm saying that IIRC, that was never the plan.

You are right about one thing. I am "slow" to ignore your low effort, logically inconsistent brand of BS.

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Luckybit
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September 18, 2013, 09:03:47 PM
 #11442

https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

It seems to be mining. Just received a transaction fee. Labcoin probably isn't a scam. If it's a scam it's the most elaborate scam ever and honestly, it's a lot smarter for them if they just mine with their chips than to scam.

Just to be crystall clear:

The transaction of 0.0062166 BTC was not from Labcoin, but a demonstration why "posting an address and moving coins from another address" is not sufficient.

See #11166.

So what would you have them do?
dexX7
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September 18, 2013, 09:05:46 PM
 #11443

So what would you have them do?

Either solo mine and receive fresh generated coins to a signed address or mine on a pool and publish the username etc.

JohnyBigs
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September 18, 2013, 09:05:51 PM
 #11444

Guys they will be hashing on a pool soon. Quick must do the most retarded thing possible, must sell shares now.
Stuartuk
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September 18, 2013, 09:06:08 PM
 #11445


These LC timers are becoming legendary! lol,  I want the t-shirt.  Grin

Luckybit
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September 18, 2013, 09:06:22 PM
 #11446

So what would you have them do?

Either solo mine and receive fresh generated coins to a signed address or mine on a pool and publish the username etc.

How long will you give them to do this?
Bitcycle
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September 18, 2013, 09:06:40 PM
 #11447

So what would you have them do?

Either solo mine and receive fresh generated coins to a signed address or mine on a pool and publish the username etc.

Isn't that what they said they're doing and that we should have later today?
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September 18, 2013, 09:06:51 PM
 #11448

http://bizcovering.com/investing/stock-market-chart-and-price-jargon-revealed/

Quote
Price Movements
Tree Shakes – if you hold shares in a company and the price starts to drift downwards, you need to check two things. Firstly check the date and make sure it is not ex-dividend day – your share price will drop by the same amount as the dividend, and this is fine. Secondly, scour the news for reasons why the sp might be dropping. If you can’t find any good reason, then the chances are that you are witnessing a “tree shake”. When a market maker is trying to fill a large institutional buy order, sometimes they may not have enough shares. They start to gradually drop the share price in order to “scare” people into thinking the company has a problem. Weak holders will sell up, and the market maker continues to drop the price until enough weak holders have relinquished their shares. The market maker then fulfils its large order and returns the share price to where it started. Be eagle-eyed for all news relating to companies you hold shares in, and you’ll be better able to spot tree shakes and not get caught out.
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September 18, 2013, 09:08:05 PM
 #11449

Update:


Just a small update with the address signed so that there is less confusion and fud when pool mining is running.

Message: Labcoin mining address
Signature: HJRjzVPG3CC5OjInesByNcdfkI2kz6hONR3LjVUABUVDq03Z3ARcmEfdXWeJwzX0zUqoWkyx1rNjmps CuP8cWQA
Address: 17psAW21J4twanAFWmbcd5WdX2pKeX3trm

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September 18, 2013, 09:09:07 PM
 #11450

http://bizcovering.com/investing/stock-market-chart-and-price-jargon-revealed/

Quote
Price Movements
Tree Shakes – if you hold shares in a company and the price starts to drift downwards, you need to check two things. Firstly check the date and make sure it is not ex-dividend day – your share price will drop by the same amount as the dividend, and this is fine. Secondly, scour the news for reasons why the sp might be dropping. If you can’t find any good reason, then the chances are that you are witnessing a “tree shake”. When a market maker is trying to fill a large institutional buy order, sometimes they may not have enough shares. They start to gradually drop the share price in order to “scare” people into thinking the company has a problem. Weak holders will sell up, and the market maker continues to drop the price until enough weak holders have relinquished their shares. The market maker then fulfils its large order and returns the share price to where it started. Be eagle-eyed for all news relating to companies you hold shares in, and you’ll be better able to spot tree shakes and not get caught out.

I have to admit this actually makes sense, but I think its just incompetence. I doubt they are that clever.
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September 18, 2013, 09:09:47 PM
 #11451

Update:


Just a small update with the address signed so that there is less confusion and fud when pool mining is running.

Message: Labcoin mining address
Signature: HJRjzVPG3CC5OjInesByNcdfkI2kz6hONR3LjVUABUVDq03Z3ARcmEfdXWeJwzX0zUqoWkyx1rNjmps CuP8cWQA
Address: 17psAW21J4twanAFWmbcd5WdX2pKeX3trm



Getting better, please continue this trend.
ajk
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September 18, 2013, 09:09:49 PM
 #11452

the address literally proves nothing as people have been stating, if they want to prove it how about showing us a picture of the hardware they are using to mine? KNC made a video showing their FPGA is it that hard for labcoin to do the same thing?

if people didnt know addresses that swede has owned had nothing more than a few grand worth of BTC and after the IPO there was around 900 then the dude is buying all sorts of stuff and trying to purchase a rolex (LOL btw pretty pathetic for someone with only a mediocre some of money to spend lavishly on things he can hardly afford)

Show us pics of mining hardware, if you are in fact minng this shouldnt be to hard to do,
Luckybit
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September 18, 2013, 09:10:31 PM
 #11453

Update:


Just a small update with the address signed so that there is less confusion and fud when pool mining is running.

Message: Labcoin mining address
Signature: HJRjzVPG3CC5OjInesByNcdfkI2kz6hONR3LjVUABUVDq03Z3ARcmEfdXWeJwzX0zUqoWkyx1rNjmps CuP8cWQA
Address: 17psAW21J4twanAFWmbcd5WdX2pKeX3trm



Nice job. When the pool mining is set up remember to follow the instructions from dexX7. Publish the user name.
dexX7
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September 18, 2013, 09:10:35 PM
 #11454

Message: Labcoin mining address
Signature: HJRjzVPG3CC5OjInesByNcdfkI2kz6hONR3LjVUABUVDq03Z3ARcmEfdXWeJwzX0zUqoWkyx1rNjmps CuP8cWQA
Address: 17psAW21J4twanAFWmbcd5WdX2pKeX3trm

Great, that's part 1 of 2. So please tell, how do we know you're not moving unrelated coins to this address? How do we know you are actually mining?



Edit:

Isn't that what they said they're doing and that we should have later today?

He said they will mine on a pool and that coins will be moved to the address. But nothing more, if I didn't miss something. (Please tell me, if I did)

ajk
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September 18, 2013, 09:10:54 PM
 #11455

Wow he signed the address that can prove nothing thats perfect, hold on let me open Bitcoin-QT I can do the exact same thing by creating new receiving address and signing it,
TheSwede75
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September 18, 2013, 09:11:38 PM
 #11456

the address literally proves nothing as people have been stating, if they want to prove it how about showing us a picture of the hardware they are using to mine? KNC made a video showing their FPGA is it that hard for labcoin to do the same thing?

if people didnt know addresses that swede has owned had nothing more than a few grand worth of BTC and after the IPO there was around 900 then the dude is buying all sorts of stuff and trying to purchase a rolex (LOL btw pretty pathetic for someone with only a mediocre some of money to spend lavishly on things he can hardly afford)

Show us pics of mining hardware, if you are in fact minng this shouldnt be to hard to do,

I have already stated very publicly that the accusation is 100% false. Anyone who reads the threads in question will also realize that the inquiries for watch/car were not made for myself but rather irl friends. And not that It matters, but neither of the purchases were made.
ajk
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September 18, 2013, 09:12:22 PM
 #11457

Lol I believe you............
TheSwede75
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September 18, 2013, 09:12:45 PM
 #11458

Wow he signed the address that can prove nothing thats perfect, hold on let me open Bitcoin-QT I can do the exact same thing by creating new receiving address and signing it,

Of course anyone can create and sign an address, I do not expect this to do anything until the point that mining starts. However I figured it was best to have it done before mining starts just to 'have it done'.
Luckybit
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September 18, 2013, 09:13:10 PM
 #11459

the address literally proves nothing as people have been stating, if they want to prove it how about showing us a picture of the hardware they are using to mine? KNC made a video showing their FPGA is it that hard for labcoin to do the same thing?

if people didnt know addresses that swede has owned had nothing more than a few grand worth of BTC and after the IPO there was around 900 then the dude is buying all sorts of stuff and trying to purchase a rolex (LOL btw pretty pathetic for someone with only a mediocre some of money to spend lavishly on things he can hardly afford)

Show us pics of mining hardware, if you are in fact minng this shouldnt be to hard to do,

It's very possible that they don't have that ability. Howard Wang is the team lead. Sam Noi is "Labcoin" and TheSwede is the communications guy. Howard Wang might decide for whatever reasons not to post pics anytime soon and that is fine as long as they post a username with their pool mining info so that it can be monitored.

keeron
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September 18, 2013, 09:13:14 PM
 #11460

The level of stupidity on this thread continues to amaze me. Someone just signs a BTC address, and folks start believing Labcoin is mining!

Deadlines after deadlines pass, yet they can't gather a camera and a half ounce brain to take a picture of the equipment or mining in progress.

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