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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058520 times)
AngelSky
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September 20, 2013, 05:07:27 PM
 #12681

*NO MORE* update... please..

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AngelSky
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September 20, 2013, 05:09:02 PM
 #12682

Is the LabCoin_PR address legit or a troll?

If you are still asking, you are ... there is no word.

I am not aware of any account except mine, SAMs and TheSeven that is related to the Labcoin project.

Indeed that was a troll trying to pump and get out..

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bbxx
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September 20, 2013, 05:10:02 PM
 #12683

I am not going to call this an update because it really isn't. I just wanted to say that I have been in touch with Sam and he has promised me that he will post an update today. I fully understand the anger and frustration among share holders (of which I am one) and can unfortunately do nothing but apologize.

I have been wanting to post an update ever since the set timeframe for the pool merge passed, unfortunately I can only relay information I am given by the team and I have been (until this morning) unable to reach the team in China.

There has been several forum members that has sent me PM in the last 24 hours and while some have been very supportive, some others obviously have been very much the opposite. I can honestly say that I absolutely understand anger and frustration and wish there was more I can do.



Will this "update" from Sam be just like his last ones, with empty promises?  LOL

only one way to update this properly

Put a video on youtube, chip, boards, hashing, 130nm team and 65nm team.

it is impossible... Smiley
TheSwede75
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September 20, 2013, 05:10:02 PM
 #12684

I am not going to call this an update because it really isn't. I just wanted to say that I have been in touch with Sam and he has promised me that he will post an update today. I fully understand the anger and frustration among share holders (of which I am one) and can unfortunately do nothing but apologize.

I have been wanting to post an update ever since the set timeframe for the pool merge passed, unfortunately I can only relay information I am given by the team and I have been (until this morning) unable to reach the team in China.

There has been several forum members that has sent me PM in the last 24 hours and while some have been very supportive, some others obviously have been very much the opposite. I can honestly say that I absolutely understand anger and frustration and wish there was more I can do.



Honestly, you should resign... just like the ActM board. This might save your karma.

For many here, the show is over. Lights off, go gome. End of the story.

Too many promises, too little result.

If the share holders feel that I should stop communicating on the projects behalf I can absolutely do so. I am simply relaying the information I get from the team, unfortunately if I have no information I cannot pass any on.

VolanicEruptor
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September 20, 2013, 05:10:27 PM
 #12685

Is the LabCoin_PR address legit or a troll?

If you are still asking, you are ... there is no word.

I am not aware of any account except mine, SAMs and TheSeven that is related to the Labcoin project.

Indeed that was a troll trying to pump and get out..

I doubt he was trying to pump, he posted that he wanted to rent a 2TH/S miner for 1 week lol

Rannasha
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September 20, 2013, 05:11:00 PM
 #12686

I am not going to call this an update because it really isn't. I just wanted to say that I have been in touch with Sam and he has promised me that he will post an update today. I fully understand the anger and frustration among share holders (of which I am one) and can unfortunately do nothing but apologize.

I have been wanting to post an update ever since the set timeframe for the pool merge passed, unfortunately I can only relay information I am given by the team and I have been (until this morning) unable to reach the team in China.

There has been several forum members that has sent me PM in the last 24 hours and while some have been very supportive, some others obviously have been very much the opposite. I can honestly say that I absolutely understand anger and frustration and wish there was more I can do.



Honestly, you should resign... just like the ActM board. This might save your karma.

For many here, the show is over. Lights off, go gome. End of the story.

Too many promises, too little result.

If the share holders feel that I should stop communicating on the projects behalf I can absolutely do so. I am simply relaying the information I get from the team, unfortunately if I have no information I cannot pass any on.


In that case, is the team aware of how terrible they are at communicating? If so, what do they intend to do about it?
VolanicEruptor
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September 20, 2013, 05:11:17 PM
 #12687

I am not going to call this an update because it really isn't. I just wanted to say that I have been in touch with Sam and he has promised me that he will post an update today. I fully understand the anger and frustration among share holders (of which I am one) and can unfortunately do nothing but apologize.

I have been wanting to post an update ever since the set timeframe for the pool merge passed, unfortunately I can only relay information I am given by the team and I have been (until this morning) unable to reach the team in China.

There has been several forum members that has sent me PM in the last 24 hours and while some have been very supportive, some others obviously have been very much the opposite. I can honestly say that I absolutely understand anger and frustration and wish there was more I can do.



Will this "update" from Sam be just like his last ones, with empty promises?  LOL

only one way to update this properly

Put a video on youtube, chip, boards, hashing, 130nm team and 65nm team.

it is impossible... Smiley

the evidence required is much more simple than this even..

Squirrel Dearing
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September 20, 2013, 05:11:58 PM
 #12688

If the share holders feel that I should stop communicating on the projects behalf I can absolutely do so. I am simply relaying the information I get from the team, unfortunately if I have no information I cannot pass any on.
I for one don't want that.. At least your updates have a little more content in them!

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runam0k
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September 20, 2013, 05:13:04 PM
 #12689

Any comment on the ~900BTC people say you received?
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September 20, 2013, 05:13:09 PM
 #12690

If the share holders feel that I should stop communicating on the projects behalf I can absolutely do so. I am simply relaying the information I get from the team, unfortunately if I have no information I cannot pass any on.

And this is quite appreciable from you, and honest.

There is a border line between "we're off schedule" and saying "we're hashing", when we're not. If you want to relay the frustration, tell them it's not acceptable in business relationships, at least in Western culture.

When that line was crossed, I really grew angry and sold off at loss. Still waiting for an apology. For what it's worth...
well.attenuated
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September 20, 2013, 05:14:01 PM
 #12691

I am not going to call this an update because it really isn't. I just wanted to say that I have been in touch with Sam and he has promised me that he will post an update today. I fully understand the anger and frustration among share holders (of which I am one) and can unfortunately do nothing but apologize.

I have been wanting to post an update ever since the set timeframe for the pool merge passed, unfortunately I can only relay information I am given by the team and I have been (until this morning) unable to reach the team in China.

There has been several forum members that has sent me PM in the last 24 hours and while some have been very supportive, some others obviously have been very much the opposite. I can honestly say that I absolutely understand anger and frustration and wish there was more I can do.



Honestly, you should resign... just like the ActM board. This might save your karma.

For many here, the show is over. Lights off, go gome. End of the story.

Too many promises, too little result.

If the share holders feel that I should stop communicating on the projects behalf I can absolutely do so. I am simply relaying the information I get from the team, unfortunately if I have no information I cannot pass any on.



Does "today" mean Sept 20? or by the end of the day on September 21?
Squirrel Dearing
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September 20, 2013, 05:14:54 PM
 #12692

Is the LabCoin_PR address legit or a troll?

If you are still asking, you are ... there is no word.

I am not aware of any account except mine, SAMs and TheSeven that is related to the Labcoin project.

Indeed that was a troll trying to pump and get out..

I doubt he was trying to pump, he posted that he wanted to rent a 2TH/S miner for 1 week lol
Well that would pump the price up if he got  a 2TH/s miner and pointed it to Labcoin's address..

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aI
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TheSwede75
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September 20, 2013, 05:14:56 PM
 #12693

Any comment on the ~900BTC people say you received?

I have already categorically denied that accusation. 100% false.
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September 20, 2013, 05:15:13 PM
 #12694

Any comment on the ~900BTC people say you received?

If labcoin turns out to be a scam, this 900BTC can be recovered through legal means if theswedes identity is known (I also assume that his IP address is known to burnside)

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September 20, 2013, 05:17:29 PM
 #12695

If the share holders feel that I should stop communicating on the projects behalf I can absolutely do so. I am simply relaying the information I get from the team, unfortunately if I have no information I cannot pass any on.

And this is quite appreciable from you, and honest.

There is a border line between "we're off schedule" and saying "we're hashing", when we're not. If you want to relay the frustration, tell them it's not acceptable in business relationships, at least in Western culture.

When that line was crossed, I really grew angry and sold off at loss. Still waiting for an apology. For what it's worth...


For what it is worth I would definitely want to apologize for the delays, miscommunication and frustration. If there was anything I could do I would do it. I have and will communicate these problems to the team.
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September 20, 2013, 05:17:34 PM
 #12696

Eastern business culture, from what I understand, places great value on saving face in the eyes of your superiors. This doesn't exactly mesh well when people are able to derive the facts in other ways.
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September 20, 2013, 05:18:06 PM
 #12697

With BTC900 you wouldn't have to work again. Why stay on the Bitcoin forums? I would go to Argentina and live like a millionaire screaming "fuck the world"!
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September 20, 2013, 05:18:42 PM
 #12698

Any comment on the ~900BTC people say you received?

I have already categorically denied that accusation. 100% false.

he denied the fact that he had ownership to the addresses however tried to be in on a chip group buy and rolling on just dice with the same ones, he also had like 40 BTC prior to the IPO and then all of a sudden had 100's of BTC coming into his wallet, also tried to buy a rolex and a car as well as mining equipment for "friends".... yeah makes sense  
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September 20, 2013, 05:19:10 PM
 #12699



Swede, don't sweat it. Matter of fact, stop bothering the guys for update. Just update us when they are ready to show something. I know sometimes things don't go as planed, so missed deadlines and change of plans is expected.

If you don't have any updates, then you don't have it.  No updates is better then pulling semi relevant updates out of ones ass, not that you have.

If this is a scam, then I guess you are being scammed as well. But, I don't believe that's true.

So anyways, don't let progress be hampered by irrelevant updates, in doing so, you are only feeding the trolls.

Also, you shouldn't be concerned with the stock price, let alone comment on it. Labcoin actions will dictate the stock price. If anyone doesn't like what they see, they are more than welcome to sell, or not even get involved.

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September 20, 2013, 05:19:53 PM
 #12700

With BTC900 you wouldn't have to work again. Why stay on the Bitcoin forums? I would go to Argentina and live like a millionaire screaming "fuck the world"!

LOL since when is 900 BTC an amount you can retire on? you would only be able to live that way for a fraction of time, a million is alot less than what it used to be considering this past year we have had more millionaires than any previous year before this,
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