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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042109 times)
minerpart
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September 27, 2013, 09:22:58 PM
 #15381


jurisdictions. they matter and are freaking confusing to deal with regardless

If US shareholders have been effected then this is by default SEC territory. The US government is tireless in it's hunt for multimillion dollar fraudsters. International extradition warrents take a day to sort out and almost every country in the Western World has an agreement to uphold these extradition warrents.
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Bitcycle
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September 27, 2013, 09:24:24 PM
 #15382



You people continue to amuse me with your little dances.
redbeans2012
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September 27, 2013, 09:24:48 PM
 #15383


jurisdictions. they matter and are freaking confusing to deal with regardless

If US shareholders have been effected then this is by default SEC territory. The US government is tireless in it's hunt for multimillion dollar fraudsters. International extradition warrents take a day to sort out and almost every country in the Western World has an agreement to uphold these extradition warrents.

Getting bigger payouts to the address now.. averaging the last 4 payouts its about 1.8 TH
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September 27, 2013, 09:25:49 PM
 #15384


That's a BTCguild payment, as was the one for .19 that preceded nearly exactly 30 minutes ago.

The irony here is that they're likely no longer mining under the name labcoin. That rate of payout would mean .40 per hour which is about 2.8 terrahash per second.

So I have no fucking idea what is going on.
ishkur
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September 27, 2013, 09:26:24 PM
 #15385


jurisdictions. they matter and are freaking confusing to deal with regardless

If US shareholders have been effected then this is by default SEC territory. The US government is tireless in it's hunt for multimillion dollar fraudsters. International extradition warrents take a day to sort out and almost every country in the Western World has an agreement to uphold these extradition warrents.

Getting bigger payouts to the address now.. averaging the last 4 payouts its about 1.8 TH

Yup  Wink

radiumsoup
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September 27, 2013, 09:26:43 PM
 #15386

jurisdictions. they matter and are freaking confusing to deal with regardless
If US shareholders have been effected then this is by default SEC territory. The US government is tireless in it's hunt for multimillion dollar fraudsters. International extradition warrents take a day to sort out and almost every country in the Western World has an agreement to uphold these extradition warrents.
http://www.gov.cn/english/laws/2005-09/22/content_68710.htm

Article 8 The request for extradition made by a foreign state to the People's Republic of China shall be rejected if:

  (1) the person sought is a national of the People's Republic of China under the laws of the People's Republic of China;
superduh
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September 27, 2013, 09:30:03 PM
 #15387


jurisdictions. they matter and are freaking confusing to deal with regardless

If US shareholders have been effected then this is by default SEC territory. The US government is tireless in it's hunt for multimillion dollar fraudsters. International extradition warrents take a day to sort out and almost every country in the Western World has an agreement to uphold these extradition warrents.

no it's not. that is just utter bullshit. US is not world police. unless they can prove US citizens were TARGETED specifically than maybeeeeeeeee and that's a maybe. US shareholders can be affected by anything in the world a sneeze and a fart as well doesn't mean that gives US the reach to other jurisdictions.

ok
auto2nr1
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September 27, 2013, 09:30:47 PM
 #15388


That's a BTCguild payment, as was the one for .19 that preceded nearly exactly 30 minutes ago.

The irony here is that they're likely no longer mining under the name labcoin. That rate of payout would mean .40 per hour which is about 2.8 terrahash per second.

So I have no fucking idea what is going on.

Let's hope that this stays consistent. At least this is proof of hashing at a higher rate. I wish they would just tell us wtf is going on here.
minerpart
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September 27, 2013, 09:31:41 PM
 #15389


http://www.gov.cn/english/laws/2005-09/22/content_68710.htm

Article 8 The request for extradition made by a foreign state to the People's Republic of China shall be rejected if:

  (1) the person sought is a national of the People's Republic of China under the laws of the People's Republic of China;

Good research. But what makes you think these people are even Chinese? If they are scammers thay are using the 'China issue' as a barrier to extradition to put off investigators, it won't work. They are more likely in the West.
Bitcycle
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September 27, 2013, 09:31:58 PM
 #15390


That's a BTCguild payment, as was the one for .19 that preceded nearly exactly 30 minutes ago.

The irony here is that they're likely no longer mining under the name labcoin. That rate of payout would mean .40 per hour which is about 2.8 terrahash per second.

So I have no fucking idea what is going on.

Whatever's going on, I sure am glad I didn't panic and sell everything at bargain basement prices.

That would have been like giving my money to someone else.
superduh
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September 27, 2013, 09:33:00 PM
 #15391


http://www.gov.cn/english/laws/2005-09/22/content_68710.htm

Article 8 The request for extradition made by a foreign state to the People's Republic of China shall be rejected if:

  (1) the person sought is a national of the People's Republic of China under the laws of the People's Republic of China;

Good research. But what makes you think these people are even Chinese? If they are scammers thay are using the 'China issue' as a barrier to extradition to put off investigators, it won't work. They are more likely in the West.

start by message mr howard wang first and see what his response is. he is actually in the US now

ok
radiumsoup
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September 27, 2013, 09:33:18 PM
 #15392


http://www.gov.cn/english/laws/2005-09/22/content_68710.htm

Article 8 The request for extradition made by a foreign state to the People's Republic of China shall be rejected if:

  (1) the person sought is a national of the People's Republic of China under the laws of the People's Republic of China;

Good research. But what makes you think these people are even Chinese? If they are scammers thay are using the 'China issue' as a barrier to extradition to put off investigators, it won't work. They are more likely in the West.
my point was that the US does not have unilateral jurisdiction here.
minerpart
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September 27, 2013, 09:33:43 PM
 #15393

no it's not. that is just utter bullshit. US is not world police. unless they can prove US citizens were TARGETED specifically than maybeeeeeeeee and that's a maybe. US shareholders can be affected by anything in the world a sneeze and a fart as well doesn't mean that gives US the reach to other jurisdictions.

That's complete conjecture. Do you have any evidence to suggest the US wont be interested in a multimillion dollar scam when US citizens start complaining. You think they will do nothing? There are UK citizens extradicted to the US every year for similar frauds.
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September 27, 2013, 09:34:44 PM
 #15394


That's a BTCguild payment, as was the one for .19 that preceded nearly exactly 30 minutes ago.

The irony here is that they're likely no longer mining under the name labcoin. That rate of payout would mean .40 per hour which is about 2.8 terrahash per second.

So I have no fucking idea what is going on.

Let's hope that this stays consistent. At least this is proof of hashing at a higher rate. I wish they would just tell us wtf is going on here.


If Labcoin does somehow manage to start hashing at relevant numbers with increasing hashrate than this will go down as one of the biggest swerves in Bitcoin history. Not even Vince McMahon could have scripted a better storyline.



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zumzero
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September 27, 2013, 09:35:29 PM
 #15395

So we are all in agreement that LC is indeed  a scam, and that legal proceedings are a possibility for those involved.

But what I'd like to know is what will happen over the next couple of days and weeks for those whale shareholders with over 100,000 shares each.

Are they likely to hope that they don't lose the lot if btct.co closes its doors and they still haven't sold up?  Surely that is an inordinate risk.

Will they leave it until the last minute to sell?  This would be akin to financial suicide though as the share price would be driven down with the panic.

One thing's for sure, there are quite a few of them left holding and it's only a matter of time until they play their hands.  

It's going to become very interesting, very soon.


https://mybitcoin.garden
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minerpart
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September 27, 2013, 09:35:39 PM
 #15396


my point was that the US does not have unilateral jurisdiction here.

Indeed not, it doesn't have jurisdiction anywhere except US territory. It has agreements with other nations.

In case you weren't aware the Chinese gov crack down VERY hard on corruption and fraud. One of their top 10 politicians is in jail right now due to corruption.
Bitcycle
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September 27, 2013, 09:36:18 PM
 #15397

So we are all in agreement that LC is indeed  a scam, and that legal proceedings are a possibility for those involved.

But what I'd like to know is what will happen over the next couple of days and weeks for those whale shareholders with over 100,000 shares each.

Are they likely to hope that they don't lose the lot if btct.co closes its doors and they still haven't sold up?  Surely that is an inordinate risk.

Will they leave it until the last minute to sell?  This would be akin to financial suicide though as the share price would be driven down with the panic.

One thing's for sure, there are quite a few of them left holding and it's only a matter of time until they play their hands.  

It's going to become very interesting, very soon.



LOL.

How low is your bid?
superduh
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September 27, 2013, 09:37:19 PM
 #15398

no it's not. that is just utter bullshit. US is not world police. unless they can prove US citizens were TARGETED specifically than maybeeeeeeeee and that's a maybe. US shareholders can be affected by anything in the world a sneeze and a fart as well doesn't mean that gives US the reach to other jurisdictions.

That's complete conjecture. Do you have any evidence to suggest the US wont be interested in a multimillion dollar scam when US citizens start complaining. You think they will do nothing? There are UK citizens extradicted to the US every year for similar frauds.

1) SEC is only civil claims. doubt they would be able to even get an extradition for that. 2) 1 million scam is small compared to the shit tons of scams going on nonstop in this world 3) certain countries won't extradite their citizens to US for this kind of stuff, russia, china, many others 4) hopefully it wont have to come down to that 5) it's a mess regardless

ok
Bitcycle
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September 27, 2013, 09:38:23 PM
 #15399


We got us a bunch of people from Muddy Waters on this site.
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September 27, 2013, 09:39:26 PM
 #15400

amazing company

No Update

"I am going to let the mining speak for itself when the pool merge is complete"

Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
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