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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058520 times)
ishkur
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September 28, 2013, 05:20:12 PM
 #15501

Labcoin had flatlined like a dead patient lol

I'm watching the live order book and it's starting to get a bit interesting.

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TMAN
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September 28, 2013, 05:32:57 PM
 #15502

Swede/LC.

we need some questions answering,

1) what is the current hash rate.
2) what is the issue with the chips
3) why is the hash rate not increasing as promised
4) if there are issues with the chips why have you bought more
4) what are you doing to fix the stability issues.

I think we deserve some answers.

I simply relay information from the team and trust me I am as frustrated as you are. I own a considerable (for me) amount of shares I have not sold and have no intention of selling. I have contacted Sam and TheSeven and requested information. According to Sam the team is hashing at around 700 GH/s due to hardware issues and I am currently doing my best to find out what is wrong and why it's taking such time.


The above is the pm reply from swede, I had posted the message in the thread and pm,d both swede and labcoin, this was the only reply. And I hope he doesn't mind me posting it here

#FREETMAN
ssshhh
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September 28, 2013, 05:50:08 PM
 #15503

Labcoin had flatlined like a dead patient lol

I'm watching the live order book and it's starting to get a bit interesting.



Yes! 

Quote
99845   0.010000

Why this?  Shocked
twentyseventy
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September 28, 2013, 06:07:16 PM
 #15504

I'm taking 1 BTC and .5BTC bets that LC is at .0001 in 24 hours. On your honor and name. I have 10 BTC to spare

Just a public reminder to moneymanagement that he hasn't made good on our 1BTC bet that ended yesterday.

moneymanagement, if you weren't just looking to scam, please send the payment to my address at 16caqdKMggN2WzHx7znW9pwGt8b5G8sZMv
Puppet
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September 28, 2013, 06:16:13 PM
 #15505

How were the shares offered "in" the U.S? If the shares are offered overseas then you don't need to comply with US laws, even if Americans are buying them over the internet. If I were to open a brokerage account in Cyprus or Belize or somewhere, I could buy stock in companies that aren't registered in the US with real money. How would that be a problem for the issuer?

I assume you mean stock in companies who's securities are not registered in the US, rather than the company itself. A German company is perfectly allowed to register its securities with the SEC and sell them to Americans.
If you meant unregistered securities, then yes it most likely would be a problem:

Quote
We generally would not consider an offshore Internet offer made by a non-U.S. offeror as targeted at the United States, however, if:

The Web site includes a prominent disclaimer making it clear that the offer is directed only to countries other than the United States. For example, the Web site could state that the securities or services are not being offered in the United States or to U.S. persons, or it could specify those jurisdictions (other than the United States) in which the offer is being made; 21 and

The Web site offeror implements procedures that are reasonably designed to guard against sales to U.S. persons in the offshore offering. For example, the offeror could ascertain the purchaser’s residence by obtaining such information as mailing addresses or telephone numbers (or area code) prior to the sale. This measure will allow the offeror to avoid sending or delivering securities, offering materials, services or products to a person at a U.S. address or telephone number.

http://www.sec.gov/rules/interp/33-7516.htm

No such disclaimers or procedures are in place.
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September 28, 2013, 06:33:37 PM
 #15506

someone is slowly buying into Ipo price

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September 28, 2013, 06:38:09 PM
 #15507

someone is slowly buying into Ipo price

do they know something that we don't?
or just day traders?

retirement fund : 1NBM5DM317RfWsHXKUfPUDtba2scavpPoB
abuelau
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September 28, 2013, 06:45:46 PM
 #15508

I bought some. The price seem to have stabilized now, and I think that the odds are that Labcoin will come with news in the next few days and the price will go up, even if back to .001 but that would still give me 100% profit.

Know what's happening in cryptoworld: www.coinschedule.com
ssshhh
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September 28, 2013, 06:47:42 PM
 #15509

someone is slowly buying into Ipo price

do they know something that we don't?
or just day traders?

Front running?

http://www.investopedia.com/terms/f/frontrunning.asp
MilkyLep
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September 28, 2013, 06:48:05 PM
 #15510

I'm taking 1 BTC and .5BTC bets that LC is at .0001 in 24 hours. On your honor and name. I have 10 BTC to spare

Just a public reminder to moneymanagement that he hasn't made good on our 1BTC bet that ended yesterday.

moneymanagement, if you weren't just looking to scam, please send the payment to my address at 16caqdKMggN2WzHx7znW9pwGt8b5G8sZMv

He's trying to sell his shares of LC to pay you off, just wait for the 20 TH to come online.

All jokes aside, stay true to your word and pay up.

Either you own the bitcoins(private keys) or you don't. However with moneroj, nobody knows what you own.
Secure. Private. Untraceable.
ishkur
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September 28, 2013, 06:49:35 PM
 #15511

Where did the team "0 China BTC" come from?

I don't remember seeing it earlier in the week.  
Zubilica
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September 28, 2013, 06:50:20 PM
 #15512

I bought some. The price seem to have stabilized now, and I think that the odds are that Labcoin will come with news in the next few days and the price will go up, even if back to .001 but that would still give me 100% profit.

i do believe in this company. I think they have technical issues with first batch and try's to find  solutions for stabilizing the rigs before they will go in full production.

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September 28, 2013, 06:51:19 PM
 #15513

I'm taking 1 BTC and .5BTC bets that LC is at .0001 in 24 hours. On your honor and name. I have 10 BTC to spare

Just a public reminder to moneymanagement that he hasn't made good on our 1BTC bet that ended yesterday.

moneymanagement, if you weren't just looking to scam, please send the payment to my address at 16caqdKMggN2WzHx7znW9pwGt8b5G8sZMv

He's trying to sell his shares of LC to pay you off, just wait for the 20 TH to come online.

All jokes aside, stay true to your word and pay up.

+1

abuelau
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September 28, 2013, 06:59:13 PM
 #15514

Where did the team "0 China BTC" come from?

I don't remember seeing it earlier in the week.  

It was already there, I saw it last week..

Know what's happening in cryptoworld: www.coinschedule.com
Ytterbium
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September 28, 2013, 06:59:50 PM
 #15515

I bought some. The price seem to have stabilized now, and I think that the odds are that Labcoin will come with news in the next few days and the price will go up, even if back to .001 but that would still give me 100% profit.

i do believe in this company. I think they have technical issues with first batch and try's to find  solutions for stabilizing the rigs before they will go in full production.

If you feel like living dangerously, the price should go up on an improved hashrate and/or plans to move to bitfunder. But they could also just go back down again.

If you're not holding shares now you probably shouldn't buy until they get listed on bitfunder (or somewhere else) - the risk is even if labcoin gets hashing the shares could be stuck for months.  And not only that, during that time the difficulty could skyrocket.

Otoh if you're already holding and not planning to sell then the shares are pretty cheap, and you could average down.   I wouldn't recommend it, though.

E.Sam
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September 28, 2013, 07:05:55 PM
 #15516

I'm taking 1 BTC and .5BTC bets that LC is at .0001 in 24 hours. On your honor and name. I have 10 BTC to spare

Just a public reminder to moneymanagement that he hasn't made good on our 1BTC bet that ended yesterday.

moneymanagement, if you weren't just looking to scam, please send the payment to my address at 16caqdKMggN2WzHx7znW9pwGt8b5G8sZMv
What did you expect? This is why I stated escrow mandatory for my bets (that one dared to take).

Still, if he doesn't honour his debt, a scam tag should/will be enforced.

zumzero
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September 28, 2013, 07:11:25 PM
 #15517

I bought some. The price seem to have stabilized now, and I think that the odds are that Labcoin will come with news in the next few days and the price will go up, even if back to .001 but that would still give me 100% profit.

i do believe in this company. I think they have technical issues with first batch and try's to find  solutions for stabilizing the rigs before they will go in full production.

If you feel like living dangerously, the price should go up on an improved hashrate and/or plans to move to bitfunder. But they could also just go back down again.

If you're not holding shares now you probably shouldn't buy until they get listed on bitfunder (or somewhere else) - the risk is even if labcoin gets hashing the shares could be stuck for months.  And not only that, during that time the difficulty could skyrocket.

Otoh if you're already holding and not planning to sell then the shares are pretty cheap, and you could average down.   I wouldn't recommend it, though.

Frankly, buying Labcoin shares at any price on btct right now is not a great move.  The risk is far too high and unless you can afford to risk losing the lot, is not recommended.

https://mybitcoin.garden
Bitcoin game where you can earn up to 220% on each planted garden!
E.Sam
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September 28, 2013, 07:15:51 PM
 #15518

Still, if he doesn't honour his debt, a scam tag should/will be enforced.
Account with 84 posts mostly in Labcoin thread. No reputation to lose or anything else. Just disappear / create a new forum name.

True. He would then have to re-design a new logo though  Grin

abuelau
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September 28, 2013, 07:21:27 PM
 #15519

I bought some. The price seem to have stabilized now, and I think that the odds are that Labcoin will come with news in the next few days and the price will go up, even if back to .001 but that would still give me 100% profit.

i do believe in this company. I think they have technical issues with first batch and try's to find  solutions for stabilizing the rigs before they will go in full production.

If you feel like living dangerously, the price should go up on an improved hashrate and/or plans to move to bitfunder. But they could also just go back down again.

If you're not holding shares now you probably shouldn't buy until they get listed on bitfunder (or somewhere else) - the risk is even if labcoin gets hashing the shares could be stuck for months.  And not only that, during that time the difficulty could skyrocket.

Otoh if you're already holding and not planning to sell then the shares are pretty cheap, and you could average down.   I wouldn't recommend it, though.

Frankly, buying Labcoin shares at any price on btct right now is not a great move.  The risk is far too high and unless you can afford to risk losing the lot, is not recommended.


I agree, I would not recommend it to anyone either...

Know what's happening in cryptoworld: www.coinschedule.com
bitwhizz
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September 28, 2013, 07:22:36 PM
 #15520

I'm taking 1 BTC and .5BTC bets that LC is at .0001 in 24 hours. On your honor and name. I have 10 BTC to spare

Just a public reminder to moneymanagement that he hasn't made good on our 1BTC bet that ended yesterday.

moneymanagement, if you weren't just looking to scam, please send the payment to my address at 16caqdKMggN2WzHx7znW9pwGt8b5G8sZMv
What did you expect? This is why I stated escrow mandatory for my bets (that one dared to take).

Still, if he doesn't honour his debt, a scam tag should/will be enforced.


So money management should  be given a scam tag due tot he 1btc bet,

However no mention of labcoin being given a scam tag for their 1 million dollar bullshit
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