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

[Bitcycle]

Let's get Howard Wang here to tell us what's happening.

It's obvious he's the one responsible and the only one who knows what's really happening.  Swede and Sam seem to be as clueless about the reality as we are.

That team should change their name to MoreThanHowardWang. Maybe that would get some response.

He's been escaping scrutiny, but it's his chips that aren't hashing.

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[KCBitcoin]

Investors in this turd are like battered wives at this point. Just leave. Btcg had a run of great luck leading up to and shortly after the difficulty hike.

Labcoin lied about daily increases of hashing power just as they've lied about nearly everything else. Current market cap is STILL 17k BTC for a mining company with a hashrate of < 800Gh/s and soon to have zero liquidity. To say that it's still grotesquely overvalued is an understatement. R U N  A W A Y

My own mining company(market cap 4344BTC) hashing at just north of 1Th/s on btcg currently has 19 blocks in shifts currently being paid.

I would of course point out that Labcoin will be bringing more hash rate online through the week, months and coming months. The team is also working on choosing an exchange for share transfer.

Let's go with BitFunder. How soon can we make a decision and get listed on a new exchange?

BitFunder +1

[RoadStress]

Investors in this turd are like battered wives at this point. Just leave. Btcg had a run of great luck leading up to and shortly after the difficulty hike.

Labcoin lied about daily increases of hashing power just as they've lied about nearly everything else. Current market cap is STILL 17k BTC for a mining company with a hashrate of < 800Gh/s and soon to have zero liquidity. To say that it's still grotesquely overvalued is an understatement. R U N  A W A Y

My own mining company(market cap 4344BTC) hashing at just north of 1Th/s on btcg currently has 19 blocks in shifts currently being paid.

I would of course point out that Labcoin will be bringing more hash rate online through the week, months and coming months. The team is also working on choosing an exchange for share transfer.

I'm sorry but i just don't believe you. I trusted the labcoin team at first but now this is simply stupid.

[coinfresh]

I would of course point out that Labcoin will be bringing more hash rate online through the week, months and coming months. The team is also working on choosing an exchange for share transfer.

Thanks for the update. I vote that labcoin transfers the shares to bitfunder if possible.

[radiumsoup]

 

That... that right there.... that's hilarious. XD

[Bitcycle]

Sam.

Take charge of your company.  Stop letting Howard Wang yank you around.

Get a real engineer in there who can fix your problems.  Howard's arrogance is dragging you down.

Hire someone to get it done, it's very obvious that Howard can't do it.

Doesn't matter what he wants at this point, he's failed.  Time to put your foot down.

[pedrog]

How can we transfer shares from BTC.TC to BF?

Just read a few posts above.

[ar9]

D'oh!

Thanks

[pedrog]

D'oh!

Thanks

We have to be very patient with Labcoin... 

[kingcrimson]

This is going to be a stressful month in Labcoin

[creativex]

Investors in this turd are like battered wives at this point. Just leave. Btcg had a run of great luck leading up to and shortly after the difficulty hike.

Labcoin lied about daily increases of hashing power just as they've lied about nearly everything else. Current market cap is STILL 17k BTC for a mining company with a hashrate of < 800Gh/s and soon to have zero liquidity. To say that it's still grotesquely overvalued is an understatement. R U N  A W A Y

My own mining company(market cap 4344BTC) hashing at just north of 1Th/s on btcg currently has 19 blocks in shifts currently being paid.

I would of course point out that Labcoin will be bringing more hash rate online through the week, months and coming months. The team is also working on choosing an exchange for share transfer.

Yeah I know bud. 6Th 4Th 2Th 700Gh, but eventually you guys will get your high tech 130nm chips tweaked out, probably right about the time your competitors are shipping their 2nd batch of 28nm chips. Just need a few more weeks bought and paid for with a few more lies. How'd that solo mining stint work out btw?

You guys were to have 4Th/s online for almost the entire last difficulty, but it didn't happen and the labcoin shareholders that took you guys at your word lost out. Give it a rest already, that bridge is burned.

[Bitcycle]

Do you guys think Ukyo is going to let this list on Bitfunder when they refuse to be honest with shareholders about the status of the project?

It's time to come clean, boys.  What's going on?

[dhenson]

Do you guys think Ukyo is going to let this list on Bitfunder when they refuse to be honest with shareholders about the status of the project?

He's a shareholder and I'm sure would like to see the value of the asset increase.  I would be shocked if he denied the listing.

[Bitcycle]

Do you guys think Ukyo is going to let this list on Bitfunder when they refuse to be honest with shareholders about the status of the project?

He's a shareholder and I'm sure would like to see the value of the asset increase.  I would be shocked if he denied the listing.

If he allows a security to list that misleads shareholders, his exchange will suffer.

Which do you think he values more?

[BitThink]

I just wanted to pop in and say that the times that Labcoin 'disappears' from the team ranking at BTCguild.com is due to variance in hash rate and possible software tweaking. The asset is hashing and more hash rate is scheduled to go online shortly. Personally I am working on finding the best possible exchange and method for transferring shares to another marketplace outside of BTCT.CO.

This is all the info I can provide right now, but essentially nothing has changed since the last update.

You really need to learn how to make announcement if scaring people is not your intent. If you don't know what's going on, you'd better call Sam or better Howard to get more information. To say 800 to 200 is because of hash rate variance is totally nonsense. You don't believe it yourself. Saying 'POSSIBLE software tweaking' is even worse. 'Possible', so that you indeed know nothing. Currently they should have more than 4TH spare boards for them to tweak, why risk the one hashing? You may say 'I can only say what I know. It's not my fault.' Then it is indeed your fault. If they refuse telling you the truth, you can just quit. Don't waste all your karma for some BTC they pay you. Actually, you said you are not paid at all.

[MikeyVeez]

Only reason I know this security will succeed is all the hate that people have towards them. It's a contrarian indicator. When you have losers on BTCGuild, make up names like more than Labcoin, Labcoin liars, you know things will get very good.

How about Avalon liars who hasn't delivered chips, or the countless of other scams, nahhhhh we just like to bash Labcoin, even though they are hashing. Always bet against the idiots. Like recently all the dumbasses buying the stock market at all time highs, crashing hard the last 4 days.

[🏰 TradeFortress 🏰]

Investors in this turd are like battered wives at this point. Just leave. Btcg had a run of great luck leading up to and shortly after the difficulty hike.

Labcoin lied about daily increases of hashing power just as they've lied about nearly everything else. Current market cap is STILL 17k BTC for a mining company with a hashrate of < 800Gh/s and soon to have zero liquidity. To say that it's still grotesquely overvalued is an understatement. R U N  A W A Y

My own mining company(market cap 4344BTC) hashing at just north of 1Th/s on btcg currently has 19 blocks in shifts currently being paid.

I would of course point out that Labcoin will be bringing more hash rate online acquiring Avalons through the week, months and coming months. The team is also working on choosing an exchange for share transfer.

[dexX7]

Only reason I know this security will succeed is all the hate that people have towards them. It's a contrarian indicator. When you have losers on BTCGuild, make up names like more than Labcoin, Labcoin liars, you know things will get very good.

You're mixing things. You may use the sentiment as indicator for market movement, but not to determine the success of a company.

How about Avalon liars who hasn't delivered chips, or the countless of other scams, nahhhhh we just like to bash Labcoin, even though they are hashing. Always bet against the idiots. Like recently all the dumbasses buying the stock market at all time highs, crashing hard the last 4 days.

Shareholders bash Labcoin and not Avalon, because they are concered about Labcoin and Avalon has nothing to do in this context.

[arousedrhino]

+1 for Bitfunder. Interface is great and everything works the way it should. Weexchange is definitely weird but it does work, I've never had problems moving bitcoins through them. Coins show up in about 20 minutes and it's free. Does anyone know why they use that service at all? Why can't they just accept and release bitcoins directly?

Because bitfunder is trash, why everyone isn't moving to Havelock is beyond me. If Labcoin really moves to bitfunder, I'm out.

Why is BitFunder trash?

[AngelSky]

Not hashing ? Once again ? omg.. tweaking tweaking.