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Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058509 times)
MilkyLep
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September 19, 2013, 05:09:34 PM
 #11961

FFS the users in this thread are like a broken record.

I'd prefer to replace "record" with "cassette" so when they hit a snag they strangle themselves.

But people here are so sensitive.

Either you own the bitcoins(private keys) or you don't. However with moneroj, nobody knows what you own.
Secure. Private. Untraceable.
1513199100
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Reply with quote  #2

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kokojie
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September 19, 2013, 05:11:46 PM
 #11962

Now it’s proven that their not a scam.
WTF are you talking about? They took what, 7,000BTC from IPO investors and what evidence have they shown? Cheesy

If they were a scam just after the money wouldn't they have let the IPO become a bidding war and profit as much as possible? They could have had way more than 7000BTC. They could have had over 10,000+!

Explain why a scam would do that? So whatever their motivation is, it's not to scam people out of money and get rich quick because they had the chance.

This is a chance to buy cheap shares.

Not if they plan to run this scam for a while. If they were planning to disappear immediately after the IPO, then yes they would do a bidding war style IPO. But looks like they are doing a BTCST style scam, the time span is going to be at least a year. If they can boost share price to high level, say 0.008, then they sell their 3M insider shares, they can get much more money than from the IPO. Therefore, they have to give the impression of actually mining.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
jeffhuys
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September 19, 2013, 05:19:09 PM
 #11963

http://blockchain.info/tx-index/90195109

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

well.attenuated
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September 19, 2013, 05:20:27 PM
 #11964

Who is 14cZMQk89mRYQkDEj8Rn25AnGoBi5H6uer?

EDIT: Nevermind, it's BTC guild again
codegnome
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September 19, 2013, 05:20:35 PM
 #11965


Can you please include an explanation with this?

damiano
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103 days, 21 hours and 10 minutes.


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September 19, 2013, 05:21:29 PM
 #11966

Somebody just dumped to 0.0024
Quote
2013-09-19 18:58:37   Market Sell   38   ฿ 0.002439   ฿ 0.092682
2013-09-19 18:58:36   Market Sell   125   ฿ 0.002451   ฿ 0.306375
2013-09-19 18:58:36   Market Sell   1250   ฿ 0.00245   ฿ 3.0625
2013-09-19 18:58:35   Market Sell   24   ฿ 0.002457   ฿ 0.058968
2013-09-19 18:58:35   Market Sell   245   ฿ 0.002456   ฿ 0.60172
2013-09-19 18:58:34   Market Sell   1800   ฿ 0.00248   ฿ 4.464
2013-09-19 18:58:34   Market Sell   9   ฿ 0.002473   ฿ 0.022257
2013-09-19 18:58:33   Market Sell   180   ฿ 0.002481   ฿ 0.44658
2013-09-19 18:58:32   Market Sell   500   ฿ 0.0025   ฿ 1.25
2013-09-19 18:58:32   Market Sell   1   ฿ 0.0025   ฿ 0.0025
2013-09-19 18:58:31   Market Sell   70   ฿ 0.002502   ฿ 0.17514
2013-09-19 18:58:31   Market Sell   200   ฿ 0.002501   ฿ 0.5002
2013-09-19 18:58:30   Market Sell   100   ฿ 0.002505   ฿ 0.2505
2013-09-19 18:58:30   Market Sell   1000   ฿ 0.002504   ฿ 2.504
2013-09-19 18:58:29   Market Sell   100   ฿ 0.002511   ฿ 0.2511
2013-09-19 18:58:29   Market Sell   1000   ฿ 0.00251   ฿ 2.51
2013-09-19 18:58:28   Market Sell   2624   ฿ 0.00253   ฿ 6.63872
2013-09-19 18:58:28   Market Sell   400   ฿ 0.00253   ฿ 1.012
2013-09-19 18:58:27   Market Sell   10   ฿ 0.002531   ฿ 0.02531
2013-09-19 18:58:27   Market Sell   302   ฿ 0.002531   ฿ 0.764362

EDIT: @Rulother I will post it in the Labcoin speculation thread next time.

Maybe some are cashing out beacuse of the BTC/USD falling $5 in last hour.

No

jeffhuys
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September 19, 2013, 05:21:42 PM
 #11967


No, because I don't have a clue. The only thing I know, is that labcoin received another deposit!

damiano
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103 days, 21 hours and 10 minutes.


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September 19, 2013, 05:23:13 PM
 #11968


No, because I don't have a clue. The only thing I know, is that labcoin received another deposit!

small payout
cix888
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September 19, 2013, 05:27:05 PM
 #11969

the new Labcoin mining address

12JdkhAmFrZZ1q6NWT3Ug86WLHdwRKmnqz

Since people are sending free BTC maybe I get some you never know
velacreations
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September 19, 2013, 05:27:48 PM
 #11970

This is a chance to buy cheap shares.

that's what they keep saying, too.  Maybe they are trying to sell shares...

RoadStress
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September 19, 2013, 05:27:50 PM
 #11971

I have a small question. I see that labcoin's address was first seen on 18 September. Weren't they supposed to be already mining? How come this address was created on 18 September?

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
Luckybit
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September 19, 2013, 05:29:42 PM
 #11972

Now it’s proven that their not a scam.
WTF are you talking about? They took what, 7,000BTC from IPO investors and what evidence have they shown? Cheesy

If they were a scam just after the money wouldn't they have let the IPO become a bidding war and profit as much as possible? They could have had way more than 7000BTC. They could have had over 10,000+!

Explain why a scam would do that? So whatever their motivation is, it's not to scam people out of money and get rich quick because they had the chance.

This is a chance to buy cheap shares.

Not if they plan to run this scam for a while. If they were planning to disappear immediately after the IPO, then yes they would do a bidding war style IPO. But looks like they are doing a BTCST style scam, the time span is going to be at least a year. If they can boost share price to high level, say 0.008, then they sell their 3M insider shares, they can get much more money than from the IPO. Therefore, they have to give the impression of actually mining.

That would have been the safest way for them to get away with it. The longer a scam goes on with this many people and this much money at stake, the less likely it is they could get away with it. BTCGarden probably was a scam but they got away with it because it only lasted for a period of weeks and the money was sent back so there was no incentive for the community to care.

Labcoin on the other hand has had 7000 Bitcoins for months now. If they wanted 10,000 Bitcoins they could have had it from day one so I don't understand why they would take so much risk just to get what gains they could have got from an IPO bidding war.

It's more likely to be incompetence than a scam. They don't seem to care about share prices at all. If it were a scam they could have done a lot better job boosting share prices to beyond 0.005.
codegnome
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September 19, 2013, 05:31:04 PM
 #11973

I have a small question. I see that labcoin's address was first seen on 18 September. Weren't they supposed to be already mining? How come this address was created on 18 September?

The Swede75 posts.
https://bitcointalk.org/index.php?action=profile;u=90389;sa=showPosts

radiumsoup
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September 19, 2013, 05:32:25 PM
 #11974

the new Labcoin mining address

12JdkhAmFrZZ1q6NWT3Ug86WLHdwRKmnqz

Since people are sending free BTC maybe I get some you never know
golfclap.gif
velacreations
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September 19, 2013, 05:34:53 PM
 #11975

It's more likely to be incompetence than a scam.

even if that is true, who wants to invest in this level of incompetence?

TMAN
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September 19, 2013, 05:36:38 PM
 #11976

It's more likely to be incompetence than a scam.

even if that is true, who wants to invest in this level of incompetence?

I DO!!!

#FREETMAN
NineLives
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September 19, 2013, 05:39:14 PM
 #11977

It's more likely to be incompetence than a scam.

even if that is true, who wants to invest in this level of incompetence?

Competence is gained by experience.
When a new company starts off and has 100's of people moaning, its hard to manage with no experience.
As money is made, people are employed with specific skills to manage customer services.

You can't shoot someone techie to manage people.

Bitcoin Mining Hardware:   www.mininghardware.co.uk
velacreations
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September 19, 2013, 05:43:02 PM
 #11978

It's more likely to be incompetence than a scam.

even if that is true, who wants to invest in this level of incompetence?

Competence is gained by experience.
When a new company starts off and has 100's of people moaning, its hard to manage with no experience.
As money is made, people are employed with specific skills to manage customer services.

You can't shoot someone techie to manage people.

so, you're saying we should had over a few $million to some kids to let them build experience running a company?  Roll Eyes

it takes no experience to post proof of hashing.  that would silence 90% of the moaners around here, if LC actually posted some real proof.
it takes no experience to lock the shares.  that takes a simple PM to burnside.

If they don't have enough business experience to know the value of communication, then they have no business running a company of this size.  They should gain experience on someone else's time, not ours.

velacreations
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September 19, 2013, 05:52:47 PM
 #11979

Quote
This is a chance to buy cheap shares.
The usage of "cheap shares" is really starting to make me cringe.

especially when Labcon says it...

redbeans2012
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September 19, 2013, 05:52:58 PM
 #11980

I'm glad so many people care about me in this thread.  They think Labcoin is a scam and spend allllllllll day every day warning me about it and telling me how bad it is.  

Thanks guys!

 Cheesy
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