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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1040806 times)
velacreations
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September 18, 2013, 10:16:45 PM
 #11521

Yeah, their credibility is pretty bad right now. They said they were hashing, then they said they weren't able to hash 'stably'.  Then they posted those ridiculous board pictures. Now it seems like they're not hashing at all, and it took them days and days to do something that should have required barely any work - just posting a mining address.

It's ridiculous.  It's not like 'things will be fine' once the hashing actually starts.  After blowing so much credibility, fewer people are going to trust them and the share price is going to remain low.

The thing is, they actually built up credibility with the way they did their IPO, not taking more money then they could have, etc. And... now they squandered it.

LC may still have some value if they start seeing regular income on that address. But how do we know they're not going to say "Hey guys, we decided to change the mining address.  New address will be posted in 3 days"
+1 exactly right.  credibility means a lot when you are first starting out, and especially when you expect people to value your company more than what it is currently worth.

An added thing to note: every day the network grows, and we learn that LC has missed at least a week of hashing (maybe more).  Now, sure, that week of revenue would not have been much, but that same hash rate (2TH/s) earns considerably less in another week, or 2 weeks or 4, etc.

The point is, time is money, and they are behind schedule.  They didn't have a lot of room for error, anyway, but now, if this pattern continues, they'll likely fail.

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tucenaber
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September 18, 2013, 10:17:26 PM
 #11522

LC may still have some value if they start seeing regular income on that address. But how do we know they're not going to say "Hey guys, we decided to change the mining address.  New address will be posted in 3 days"

Now why in the world would they do that? That's ridiculous.
ShroomsKit
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September 18, 2013, 10:17:57 PM
 #11523

WE NEED SOLID FACTS LABCOIN. GIVE US PROOF OF YOUR HASHING, A PAYOUT ADDRESS WITH CONSTANT PAYMENTS, SOMETHING TO PROVE YOU'RE HASHING.

That's all we need.... it would have avoided over 100 pages of nonsense IMO...

Are you reading the thread at all? They are not hashing.

Its price is not a very relevant factor in its adoption....
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September 18, 2013, 10:18:57 PM
 #11524

I'm surprised this stock hasn't imploded already, I just hope that it won't take btc-tc with it.

Well, based on: http://kryptotrader.com/api/securities.php?site=BTCT&query=LABCOIN
Labcoin's 30day BTC volume is about 58k BTC.
from BTCT.co's main page, they have only bone 95k BTC total trades in the last 30 days.

If labcoin drops, it will definitely take away more than half to 1/3rd of btct's total trade volume.

-Ukyo

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WeExchange - AUD (Direct Bank Transfers), CAD (Interac), USD BTC Exchange & Options Trading
AngelSky
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September 18, 2013, 10:32:57 PM
 #11525

So what's up ? Labcoin is taken down finally or not ?

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iCEBREAKER
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September 18, 2013, 10:33:06 PM
 #11526

Dividuds are rolling in!   Cool

Quote
Total Received    0.0082166 BTC

We're rich!  Amazing company!  Etc!


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velacreations
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September 18, 2013, 10:33:44 PM
 #11527

So what's up ? Labcoin is taken down finally or not ?

everyone's asking themselves the same question.  wtf?

AngelSky
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September 18, 2013, 10:34:46 PM
 #11528

So what's up ? Labcoin is taken down finally or not ?

everyone's asking themselves the same question.  wtf?

Should I send some bitcoins to this fake mining address for the troll ?

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Bitcycle
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September 18, 2013, 10:36:05 PM
 #11529


I understand the complaints, I have them myself.

But when we see a hashrate on a pool, all our squawking becomes utterly irrelevant.

KCBitcoin
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September 18, 2013, 10:38:06 PM
 #11530

Hey, what does "Public Note: Confirmation Order #236 Signed. Pay to 1EjYjTXBub3iy88hPgmMbh2Ap1m4HwXisx" mean on https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm
velacreations
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September 18, 2013, 10:38:08 PM
 #11531

But when we see a hashrate on a pool, all our squawking becomes utterly irrelevant.

hahahahahaha
that's great.  another moment in the future to get disappointed over! 
it's never ending, folks!

let's go another round.  This time, I'll be FanBoy, you be FUD.


Duffer1
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September 18, 2013, 10:39:23 PM
 #11532


I understand the complaints, I have them myself.

But when we see a hashrate on a pool, all our squawking becomes utterly irrelevant.

I'm fairly certain TheSwede75 meant their own internal pool.  IE you will never see real current hashrate.
dwdoc
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September 18, 2013, 10:39:50 PM
 #11533



Here's proof they are hashing.



velacreations
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September 18, 2013, 10:39:59 PM
 #11534

man, iCEBREAKER, I've never seen an ignore button glow that much.  It's almost black.

AngelSky
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September 18, 2013, 10:40:50 PM
 #11535

EXCLUSIVE: We got a picture of their hashing machines:


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  BUY
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ACCEPT
   ███████████████████████████
  .CRYPTOCURRENCY..
███████████████████████████
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Pale Phoenix
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September 18, 2013, 10:43:18 PM
 #11536



Here's proof they are hashing.


LOL, nicely done. Tbh, a few tokes now and then does make the Labcoin circus all the more enjoyable. Smiley

velacreations
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September 18, 2013, 10:43:38 PM
 #11537

EXCLUSIVE: We got a picture of their hashing machines:


now THAT I like.  Where do I send my BTC?

AngelSky
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September 18, 2013, 10:44:59 PM
 #11538

now THAT I like.  Where do I send my BTC?

You can send your BTCs to my mining address here: 1KsSq9J52Eb4DyKTarYf3MgiSLQuAYdc51

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▀██████████████████████████████████████████████████████████████████████████▀
  BUY
  SELL
ACCEPT
   ███████████████████████████
  .CRYPTOCURRENCY..
███████████████████████████
.
physalis
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September 18, 2013, 10:45:11 PM
 #11539


I understand the complaints, I have them myself.

But when we see a hashrate on a pool, all our squawking becomes utterly irrelevant.

Oh yeah, let's just wait for that now!
You said the same for the mining address, but hey, this time it's gonna be different.
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September 18, 2013, 10:47:21 PM
 #11540


I understand the complaints, I have them myself.

But when we see a hashrate on a pool, all our squawking becomes utterly irrelevant.

Oh yeah, let's just wait for that now!
You said the same for the mining address, but hey, this time it's gonna be different.

Let us wait??? Are you a shareholder now?
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