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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1041716 times)
stereotype
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September 20, 2013, 10:41:50 AM
 #12421

Anybody have a link/copy of Swede's slip-up about ".........start to hash", 9 days after they were supposedly hashing? I think he has deleted it.
You mean this one?

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'.
How is this security still at ~1.6x IPO?

Much obliged runam0k.  Smiley
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demzie
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September 20, 2013, 10:45:01 AM
 #12422

lets contact the burning man ticket guy. he probably knows his face. finally this is getting constructive :>
also if the car was sold to him his real name must have been revealed to that person am i right?

Yes.. we will build up evidence in the background, and try to locate these crooks. cannot hide forever, one day will be catched

And then? You gonna say; i panic sold at 0020 and now i have nothing? Hahaha
Its the fault of labcoin and not the people in the thread..

If everybody stayed possitive the price would still be above 0030.
The more you fud the more you loose it seems ...
demzie
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September 20, 2013, 10:46:54 AM
 #12423

Take their chip development and compare to the "big" preorder companies..
Do they hit their timelines? Noo, giving compensation programs and all that already..
alexius89
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September 20, 2013, 10:48:42 AM
 #12424

all these stupid fud...come on guys...only kiddies here?

Just wait a bit and enjoy a higher share price soon.  be patient!

BitThink
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September 20, 2013, 10:50:05 AM
 #12425

I spent the morning reading up on DMS.MINING and have a distinct feeling that this asset is quite heavily undervalued. Anyone care to argue for/against the current (around 0.007) valuation?
(current DMS.MINING price: 0.0022)
DMS.MINING's value decreases continuously when network difficulty increases, so I don't think it's fair to compare the current price with a price on the beginning of August.
That said, I agree that 0.007 is overvalued even on 6 August.
The beautiful thing with DMS is that you can do the math to see exactly how was this "feeling of undervaluation" far from reality.
DMS.MINING paid 0.00202897 since Aug 05, but the price is 0.0022 now - so by buying for 0.007 you would lost cca 0.002772 ~ 39.6% (in 45 days).

I don't want to post more offtopic, so anyone wanting to discuss DMS please respond in DMS thread. This also illustrates the pace of difficulty growth.
Yes, you can do the math now but not on 9 Aug. He just had a wrong prediction of difficulty increase pace that time, as almost all the miner buyers did all the time. Agree it is off topic here, so let's stop here.Smiley
runam0k
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September 20, 2013, 10:50:13 AM
 #12426


Be patient people!
Ytterbium
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September 20, 2013, 10:53:33 AM
 #12427

WTF> all this fud, they have issues. chill out - we will hear what soon enough

I really don't think so, they claimed they were mining, hashing a while ago.  They refused to show proof for days, finally they post the mining address and it's been over 24 hours and they haven't done any hashing.  This clearly goes way beyond "instability" - something is seriously wrong.  

And they've have had multiple days to figure out what was wrong with their boards and get new ones.  The fact they haven't been able to indicates the problem is with their chip, not (just) their boards.

MaxSan
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September 20, 2013, 10:56:10 AM
 #12428

WTF> all this fud, they have issues. chill out - we will hear what soon enough

I really don't think so, they claimed they were mining, hashing a while ago.  They refused to show proof for days, finally they post the mining address and it's been over 24 hours and they haven't done any hashing.  This clearly goes way beyond "instability" - something is seriously wrong.  

And they've have had multiple days to figure out what was wrong with their boards and get new ones.  The fact they haven't been able to indicates the problem is with their chip, not (just) their boards.

I just wish they would be on the level with us. Would make life less stressful. I mean it makes no difference to them they already have our moneys.
bitwhizz
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September 20, 2013, 10:57:25 AM
 #12429

i'm not stressed, i invested an amount i wouldn't care a great deal about losing, as it was always fairly obvious that this  is a very high risk investment
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September 20, 2013, 11:03:41 AM
 #12430

If you like really high risk investments there are still put options available so you actually can short the stock. If the price keeps dropping you could make a lot in the next 13 hours (or 7 days).

Could be less risky then actually buying labcoin shares at this point Tongue

oxideNL
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September 20, 2013, 11:04:58 AM
 #12431

Well it was nice knowing you all.
BitThink
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September 20, 2013, 11:06:45 AM
 #12432

Someone speak following their heart, while some following their positions (how many shares they owned). It may be useful to argue with the former, but arguing with the latter is just wasting of time and energy.
Vedran Yoweri
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September 20, 2013, 11:07:29 AM
 #12433

all these stupid fud...come on guys...only kiddies here?

Just wait a bit and enjoy a higher share price soon.  be patient!

The curse of public trading in an industry full of kids who bitch and scream all day every day.

physalis
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September 20, 2013, 11:07:37 AM
 #12434

Yes.. we will build up evidence in the background, and try to locate these crooks. cannot hide forever, one day will be catched
Or maybe, just maybe, don't invest in dubious shit in the first place.

And don't cry that people criticizing it just want your "cheap shares".

The guy you're quoting is one of the few people here who has been preaching the truth for months.
He wasn't with the stupid cheerleader crowd yelling "FUDsters! You just want my cheap shares!".
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September 20, 2013, 11:08:10 AM
 #12435

If everyone stayed positive? if everyone stayed positive? maybe everyone can convince themselves BFL is really up to date on shipping and not write 'fud' and everything would be OK? huh...maybe we can tell ourselves HIV is not real, if only we stay positive.. staying positive is not what's required- what's required is truth and transparency you little snake

I'd prefer to stay negative if we are talking about HIV...
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September 20, 2013, 11:14:05 AM
 #12436

If everybody stayed possitive the price would still be above 0030.
The more you fud the more you loose it seems ...

Let me guess, you said the same when the pirate ponzi began collapsing?  If only everyone had stayed positive, we would now each have a bazillion BTC on our pirate accounts. Damn those fudders!
Ytterbium
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September 20, 2013, 11:14:52 AM
 #12437

The problem is the "FUDsters" made lots of really stupid arguments, total nonsense about photoshopped pics and actually photoshopping things and coming up with fake information themselves in some cases.

Labcoin is clearly a failure, and they've failed to own up to it.  And clearly a lot of people had legitimate concerns given their lack of communication.  But, a lot of the fudsters were just spouting total nonsense.

Luckybit
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September 20, 2013, 11:16:26 AM
 #12438

Someone just added a 7 day put option as well, along with a 16 hour one.  If they fail to hash in 7 days you could really make some money on that.  

No, I don't think the price will drop to 0.00091 in 7 days. Even there's no mining income, as long as people still believe labcoin will bring 500TH (2-gen chips) by the end of this year, the share price will be still above 0.001, the IPO price. Actually, the failure of 1-gen chips itself will not completely kill this project, cause it at most halves the potential reward. The failure will kill this project only because it severely hurts the creditability of the Labcoin team. They may have no way to make the 1-gen chips work, but they can still rescue their credibility in the coming 7 days, by just be a man, stand up and explain everything happened.

Idk how people can believe anything labcoin says when they put out a definitive statement like this:


and have it be completely untrue. It appears as though generation 1 has failed completely.

They just need to admit the chips worked initially, and then they found them cannot work stably. They've spent 2 weeks try to fix the problem and still trying their best, but the result is not predictable yet. They are looking for other methods to compensate the investors, meanwhile the 2-gen chips R&D moves smoothly, and working chips are expected by the end of October. Deploying 500TH by the end of December is still on the plan.

Honestly they should hire you to speak for them. This is exactly what they should say.
Vedran Yoweri
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September 20, 2013, 11:17:13 AM
 #12439

Finally!, pictures of the chips & boards!

https://bitcointalk.org/index.php?topic=280570.msg3196091#msg3196091

Yeah  Grin
Anotheranonlol
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September 20, 2013, 11:22:26 AM
 #12440

Finally!, pictures of the chips & boards!

https://bitcointalk.org/index.php?topic=280570.msg3196091#msg3196091

Yeah  Grin


Chips already on the board?

surprised to see a manufacturer who attach the chips to a board before taking photo ? 
It's a welcome change  Smiley

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