[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)

[JohnyBigs]

https://bitcointalk.org/index.php?topic=125629.msg3199358#msg3199358

This is reply of burnside. I think it's reasonable.

No. Peta-Mine has broke the contract. Why did not they get the warning?

Again alot of companies on there should get a warning, its just burnside over reacting, and for some reason he decided to do it with Labcoin.

Post what you just said in his thread to hear some bullshit response on why he is picking only Labcoin to discriminate against. They didn't reply big deal, probably pretty busy working on trying to get things to work. Or the email got buried in the thousands of emails they probably recieved from concerned people.

[1714241359]

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[1714241359]

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[Bitcycle]

If Burnside's warning gets Labcoin to be more forthcoming, the it was all worth it.

[JohnyBigs]

Burnside posting that is like posting careful BlackBerry has missed all of its earnings be careful buying their shares. People know what is going on reading the thread here,  since 95% of the investors come here,  but when you go and post that during a FUD induced panic is just reckless.

Hes lucky hes pretty much the only exchange outside of bitfunder. Even though his intentions are probably good it's still a very dumb move to randomly discriminate against one company.

[lzr1900]

I also thought as a exchange,burnside's attitude must be neutral!Why do such unfair to Labcoin compare to PETA-MINE or other irresponsible company?

[VolanicEruptor]

This thread is such a disaster that burnside has made a good step of making sure new investors can be warned of what's happening.  I have no problem with this, even if it means a lower share price.  It's called "keeping them honest", and helps take a bite out of manipulation attempts from the issuer.

[JohnyBigs]

I also thought as a exchange,burnside's attitude must be neutral!Why do such unfair to Labcoin compare to PETA-MINE or other irresponsible company?

Its called being a dumbass like 99% of people, hence why his shitty exchange will never become a big player, and will most likely die out in the future.

[wickedgoodtrader]

JESUS FUCKING CHRIST... wtf do you guys want? You ramble on about random bullshit about mining this and mining that... LABCOIN IS A FUCKING FRAUD! Get over it for crying out loud. It's been weeks since you've asked for evidence and still no evidence comes. GET A FUCKING CLUE!

I was called a FUD at .0038 and I am still called a FUD at .0015. Fuck you mother fucking FUD haters, the truth shall speak!

[Rulother]

I also thought as a exchange,burnside's attitude must be neutral!Why do such unfair to Labcoin compare to PETA-MINE or other irresponsible company?

This echos my concerns too

[kingcrimson]

No one has been able to respond to why they care that the warning is there. The only reason it effects you is if you are trying to be a scummy day trader and take advantage of people who have less info than you. If Labcoin turns out to be legit, all it will have done is given you cheap shares.

So why care??

[VolanicEruptor]

I also thought as a exchange,burnside's attitude must be neutral!Why do such unfair to Labcoin compare to PETA-MINE or other irresponsible company?

This echos my concerns too

You guys sound like you need a heads up more than anybody..

[VolanicEruptor]

BTW weren't we supposed to get an update today from Sam?

[JohnyBigs]

BTW weren't we supposed to get an update today from Sam?

Its still Today depending how West in the world you are.

[Bitcycle]

...when you go and post that during a FUD induced panic is just reckless.

The panic didn't come from the FUD, imo. It came from Labcoin's failure to prove their claims of hashing, and their subsequent silence. Everything else was just the icing on the cake.

This is true.  Any angst directed at Burnside is misdirected.

The fault here lies entirely with Labcoin.

If they were forthcoming, none of this would even exist as an issue.

[VolanicEruptor]

BTW weren't we supposed to get an update today from Sam?

Its still Today depending how West in the world you are.

I would go grab some popcorn but I can't afford popcorn.   

[Ukyo]

Another .2 BTC deposited.

[BitThink]

https://bitcointalk.org/index.php?topic=125629.msg3199358#msg3199358

This is reply of burnside. I think it's reasonable.

No. Peta-Mine has broke the contract. Why did not they get the warning?

They've put on a motion and get approved by most investers. Moreover, it is different from lying with public news.

[BitThink]

...when you go and post that during a FUD induced panic is just reckless.

The panic didn't come from the FUD, imo. It came from Labcoin's failure to prove their claims of hashing, and their subsequent silence. Everything else was just the icing on the cake.

Exactly. Second this.

[redbeans2012]

Another .2 BTC deposited.

Wooo Hoo.

[Ytterbium]

That comes out to 397Gh/s according to my calculations, not counting whatever extra is still in the account over 0.2 (which also would have been there before)

Time              Payment           Δt     BTC/h       Gh/s estimate
9/18/2013 23:13   3.26386497         
9/19/2013  5:04   0.12772021       5.86   0.021798358  129.9974778
9/19/2013  6:02   0.1198282        0.97   0.123216658  734.8193429
9/19/2013  7:02   0.11047558       1.00   0.11047558   658.8361861
9/19/2013 17:17   0.37057639      10.24   0.03619401   215.8479125
9/20/2013 14:17   0.53291462      21.00   0.025376215  151.3345206
9/20/2013 17:47   0.10686873       3.50   0.030533923  182.0932127
9/20/2013 23:17   0.2070555        5.50   0.037646455  224.5097653
9/21/2013  2:07   0.20000000       2.84   0.070436314  420.0565625
9/21/2013  5:07   0.20000000       3.00   0.066709905  397.8336127


Looks like they're doing a standard 0.2 minimum payout.

[BitThink]

Another .2 BTC deposited.

So it's 0.2 BTC every 3 hours. 1.6BTC a day. Around 1083 * 1.6 / 3600 = 0.48 TH.