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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058520 times)
Franktank
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August 01, 2013, 04:45:14 PM
 #1441

TheSwede,

Are there plans to deploy large data center-type mine to assist in dividends as well? Or is Labcoin more focused on sales? Clarifying this would calm the nerves of many investors.
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August 01, 2013, 05:10:52 PM
 #1442

Q: How do you plan to convert 7000 Bitcoin into fiat? No need for full disclosure, but this question is critical.
A: ... I do believe there is still some discussion around if ALL 7k should be sold ASAP or if a portion should be held for dividend payments etc. ...

Please establish and communicate a policy around this ASAP. I do NOT like to see investor funds being used for dividend payments, the money is there to grow your business, not to placate the shareholders.

I'm dumping my shares.  Talks about operating the security as a ponzi scheme should not be taken lightly.  This is exactly the type of publicity we don't need in the BTC security marketplace.
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August 01, 2013, 05:12:52 PM
 #1443

270k sell order, shes goin down
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August 01, 2013, 05:14:57 PM
 #1444

English isn't his mother tongue. How about giving him a break... When are we going to be able to question the developers in this thread?

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August 01, 2013, 05:18:34 PM
 #1445

The question that needs to be answered most quickly is the expected time for chip delivery. From their TSMC documents, the estimate is in the October to December time-frame. This has a huge weight on profitability calculations.
vlaoou321
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August 01, 2013, 05:18:57 PM
 #1446

270k sell order, shes goin down
Deliberately low prices  Grin Grin

Reputation https://bitcointalk.org/index.php?topic=198808.new#new
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August 01, 2013, 05:21:03 PM
 #1447

270k sell order, shes goin down
Deliberately low prices  Grin Grin

And mysteriously disappeared... wales making waves

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August 01, 2013, 05:21:47 PM
 #1448

It's astonishing how all the important questions are asked after IPO and the security pushed to quadruple...

Anyways, official answers should be really though through at this point, or this could turn into a big Charlie Foxtrot.

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August 01, 2013, 05:22:10 PM
 #1449

when i try to log into btct: access temporarily disabled. what the fuck lol.

BTC.sx - Leveraged Bitcoin Trading. Simply use Bitcoin to take advantage of a rising or falling Bitcoin price.
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August 01, 2013, 05:23:53 PM
 #1450

when i try to log into btct: access temporarily disabled. what the fuck lol.
Account would be locked temporarily after 5 failed login.

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August 01, 2013, 05:32:11 PM
 #1451

It's astonishing how all the important questions are asked after IPO and the security pushed to quadruple...

Anyways, official answers should be really though through at this point, or this could turn into a big Charlie Foxtrot.


I did ask several questions (chip specs & chip delivery) around page 7... Yesterday... Tongue
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August 01, 2013, 05:33:50 PM
 #1452

English isn't his mother tongue. How about giving him a break... When are we going to be able to question the developers in this thread?

There's another thread for hardware specifics here: https://bitcointalk.org/index.php?topic=241033.0

But that said since the plan is to operate a mine yourselves, you shouldn't need a lot of BTC saved up.  Additionally, a lot of the sales of mining chips will be in BTC anyway, for sure.

On the other hand, keeping half the money saved up for the 65nm design in BTC could be a good idea as well, since the price could go up (I say half since the price could also go down!)

I did ask several questions (chip specs & chip delivery) around page 7... Yesterday... Tongue

Are you talking about that NVidia graphic that people kept reposting?  That was responded too - the break-even points listed there were for massive orders of the type NVidia and AMD would be making, ignoring the initial R&D costs, which are lower for smaller feature sizes.

People who didn't seem to know much about chip design seemed to be randomly re-posting it with statements like "GIVE US ANSWERS ON THIS!!!!" even though an answer had been given.

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August 01, 2013, 05:35:09 PM
 #1453

I'm dumping my shares.  Talks about operating the security as a ponzi scheme should not be taken lightly.  This is exactly the type of publicity we don't need in the BTC security marketplace.

It's far fetched to claim this is a ponzi. All they say is "We have 7000 Bitcoin now and we don't want everything converted to fiat", because they want to keep some coins for liquidity reasons and to avoid fiat to Bitcoin exchanges afterwards. I don't see any problem with that, but if you still do, please elaborate.


I am sorry if I made it unclear. Holding a small portion of Bitcoin would NOT be to pay dividends out of 'thin air' of course. This would simply be a small buffer to use for dividends if say Fiat payments are made for bulk chips or miners from customers and BTC is hard to 'come by'. I will pose this question more clearly to the Labcoin team, but rest assured this is NOT a large amount of Bitcoin we are talking about and of course no coin will be held at all if needed to grow the project or pay for Chips/Hardware/Dev etc.

I believe the reason for the Chinese sale is that not only would it be somewhat cumbersome to move a large amount of fiat between western exchanges and Chinese accounts, but also the fact that Bitcoin (don't quote me on this) actually is quite a bit more valuable on average in China then on many US exchanges.

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August 01, 2013, 05:42:36 PM
 #1454

I'm dumping my shares.  Talks about operating the security as a ponzi scheme should not be taken lightly.  This is exactly the type of publicity we don't need in the BTC security marketplace.

It's far fetched to claim this is a ponzi. All they say is that they want to keep some coins for liquidity reasons and to avoid fiat to Bitcoin exchanges. I don't see any problem with that, but if you still do, please elaborate.


I am sorry if I made it unclear. Holding a small portion of Bitcoin would NOT be to pay dividends out of 'thin air' of course. This would simply be a small buffer to use for dividends if say Fiat payments are made for bulk chips or miners from customers and BTC is hard to 'come by'. I will pose this question more clearly to the Labcoin team, but rest assured this is NOT a large amount of Bitcoin we are talking about and of course no coin will be held at all if needed to grow the project or pay for Chips/Hardware/Dev etc.

I believe the reason for the Chinese sale is that not only would it be somewhat cumbersome to move a large amount of fiat between western exchanges and Chinese accounts, but also the fact that Bitcoin (don't quote me on this) actually is quite a bit more valuable on average in China then on many US exchanges.

+1 I hope people understand what Swede is trying to say here
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August 01, 2013, 05:46:12 PM
 #1455

amc shills in every thread  Roll Eyes
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August 01, 2013, 05:53:56 PM
 #1456

I'm dumping my shares.  Talks about operating the security as a ponzi scheme should not be taken lightly.  This is exactly the type of publicity we don't need in the BTC security marketplace.

It's far fetched to claim this is a ponzi. All they say is "We have 7000 Bitcoin now and we don't want everything converted to fiat", because they want to keep some coins for liquidity reasons and to avoid fiat to Bitcoin exchanges afterwards. I don't see any problem with that, but if you still do, please elaborate.


+1. I'd say that the level of hysteria in bitcoin investors is really high, but I have enough experience in the forex forums to know that bitcoin doesn't have the lock on people with fingers on the panic/accusations button.

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August 01, 2013, 05:56:58 PM
 #1457

amc shills in every thread  Roll Eyes

+1

I did notice that, but didn't want to say anything. Which is not necessarily a bad thing. Sometimes they bring up good points that blinded investors tends to overlook, or not ask. Also, if their efforts have any effect, they only help long term investors buy cheaper shares.

I for one see more potential in this vaporware then AMC.  Don't get me wrong though AMC was great for speculation, riding the wave every time Ken made an announcement allowed me to invest in in other things.

So I welcome all shills/trolls/skeptics.

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August 01, 2013, 05:58:40 PM
 #1458

I'm dumping my shares.  Talks about operating the security as a ponzi scheme should not be taken lightly.  This is exactly the type of publicity we don't need in the BTC security marketplace.

It's far fetched to claim this is a ponzi. All they say is "We have 7000 Bitcoin now and we don't want everything converted to fiat", because they want to keep some coins for liquidity reasons and to avoid fiat to Bitcoin exchanges afterwards. I don't see any problem with that, but if you still do, please elaborate.


+1. I'd say that the level of hysteria in bitcoin investors is really high, but I have enough experience in the forex forums to know that bitcoin doesn't have the lock on people with fingers on the panic/accusations button.

I think some of the people here are over emotional.
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August 01, 2013, 06:19:40 PM
 #1459

Q: How do you plan to convert 7000 Bitcoin into fiat? No need for full disclosure, but this question is critical.
A: ... I do believe there is still some discussion around if ALL 7k should be sold ASAP or if a portion should be held for dividend payments etc. ...

Please establish and communicate a policy around this ASAP. I do NOT like to see investor funds being used for dividend payments, the money is there to grow your business, not to placate the shareholders.

I'm dumping my shares.  Talks about operating the security as a ponzi scheme should not be taken lightly.  This is exactly the type of publicity we don't need in the BTC security marketplace.

Ok, maybe I should just state it clearly. Obviously Labcoin is by no means a Ponzi-Scheme. Labcoin does NOT intend to pay dividends until the project is profitable. The shares in the IPO has been placed already and Labcoin does NOT intend to raise more capital. I cannot even see how a company without re-investment incentive or a continuous dilution of share capital could even function as a Ponzi scheme.

I will make sure that Labcoin prioritizes having a developer Q/A and for the Founder Fabrizio to hold an open discussion.

 
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August 01, 2013, 06:23:36 PM
 #1460

Obviously ______ is by no means a Ponzi-Scheme.

said every ponzi operator ever

I kid, I kid
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