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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058520 times)
velacreations
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September 29, 2013, 03:17:21 AM
 #15721

Not a scam

and the evidence for this is what? 
Labcon saying "I promise we're not scamming you"

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Bitcycle
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September 29, 2013, 03:23:06 AM
 #15722

I put out an overview of the Labcoin situation.

http://www.reddit.com/r/Bitcoin/comments/1ncckq/labcoin_has_been_outed_as_a_scam_run_by_notorious/

Pass this link around so everyone has a chance to decide for themselves.



Yes, your title clearly indicates you'd like people to decide for themselves.

 Roll Eyes Roll Eyes Roll Eyes Roll Eyes
velacreations
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September 29, 2013, 03:24:15 AM
 #15723

Daniel Larsson (TheSwede75)
- Marketer, member of Bitcointalk, group-buy manager and bitcoin enthusiast. Acting as communications assistant with Labcoin.com in IPO and marketing.
- Completely left in the dark about all company activities and is therefore completely irrelevant.

My opinion is that is wrong. Swede is not left in the darf about anything. He's a part of this.
You can't have someone who is supposed to be the direct information relay and he hasn't gotten really suspicious when he has direct communication with "them". No way. He is a part of this.
yeah, it's very suspicious.  what ever happened with that 950 btc conspiracy?

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September 29, 2013, 03:26:36 AM
 #15724

0.85784594 BTC and 0.09916543 BTC deposits from BTC Guild
Hashrate increasing??  Huh

https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm
dhenson
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September 29, 2013, 03:29:02 AM
 #15725

0.85784594 BTC and 0.09916543 BTC deposits  
Hashrate increasing??  Huh

https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

They don't have any technical expertise left.  Hash rate won't be increasing any time soon.
TsuyokuNaritai
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September 29, 2013, 03:33:05 AM
 #15726

0.85784594 BTC and 0.09916543 BTC deposits  
Hashrate increasing??  Huh

https://blockchain.info/address/17psAW21J4twanAFWmbcd5WdX2pKeX3trm
They don't have any technical expertise left.  Hash rate won't be increasing any time soon.
Code:
[04:22] <StalkBot> [ Estimated hashrate between the last 2 deposits <12557.24 GH/sec>                ]
[04:22] <StalkBot> [ Mining 0.85784594 over 29 minutes, 59 seconds at 148819200 difficulty           ]

Probably just accumulated over the day. (I doubt they've suddenly got 12.5 TH/sec, though that would be fun Grin)

velacreations
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September 29, 2013, 03:34:16 AM
 #15727

They don't have any technical expertise left.  Hash rate won't be increasing any time soon.
they put a job out on oDesk, so we should see something soon...

Bitcycle
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September 29, 2013, 03:34:48 AM
 #15728

Sam as much as said the rate won't be going up any time soon.
TsuyokuNaritai
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September 29, 2013, 03:36:52 AM
 #15729

Sam as much as said the rate won't be going up any time soon.
He did? That settles it! Wink

(We know how accurate his hashrate predictions are.)

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September 29, 2013, 03:44:36 AM
 #15730


I get ~2.1btc per day so looks like they are back to ~600 GH/s hashrate.  Undecided
JohnyBigs
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September 29, 2013, 03:56:32 AM
 #15731

Nothing is going up. They shipped out their boards and chips to a 3rd party and hopefully they get them working. The earliest to see any hashrate increase is OCTOBER 15TH, until then they will only have 300-400GH/sec.

So if they aren't delayed again which we know they will be, because they suck, they might have an increase of hashrate in Early December. So take your chances with the exchange closing down, and nothing until the 15th, if anything.
Sou
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September 29, 2013, 03:59:03 AM
 #15732

So....that's like 2 weeks then?
JohnyBigs
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September 29, 2013, 04:00:57 AM
 #15733

So....that's like 2 weeks then?

yeah, if they don't miss the deadline lol, the situation is pretty bad. Their lead engineer Howard has left since over a month, they have no hardware guy at all. They are no relying on outside 3rd parties.

That's a recipe for disaster.
ishkur
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September 29, 2013, 04:02:14 AM
 #15734


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.


JohnyBigs
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September 29, 2013, 04:03:33 AM
 #15735


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.




He meant coming months, since they have nothing now, waiting on a 3rd party to fix everything lol. The dump this thing is going to take the last few days before the exchange closes is going to be epic.
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September 29, 2013, 04:04:50 AM
 #15736

Nothing is going up. They shipped out their boards and chips to a 3rd party and hopefully they get them working. The earliest to see any hashrate increase is OCTOBER 15TH, until then they will only have 300-400GH/sec.

So if they aren't delayed again which we know they will be, because they suck, they might have an increase of hashrate in Early December. So take your chances with the exchange closing down, and nothing until the 15th, if anything.

I'm really looking forward to the IRC chat tomorrow.  I honestly would like to get some of this cleared up.  I would love for this company to be legit but I just don't see that being the case.  There have been so many lies and missed deadlines and mysterious quitting employees, I really don't see how Sam is going to pull this off.  I mean, the entire team is either no longer involved with the company or claims to be completely in the dark.

What am I saying... it's going to be a blood bath.
JohnyBigs
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September 29, 2013, 04:05:55 AM
 #15737

Nothing is going up. They shipped out their boards and chips to a 3rd party and hopefully they get them working. The earliest to see any hashrate increase is OCTOBER 15TH, until then they will only have 300-400GH/sec.

So if they aren't delayed again which we know they will be, because they suck, they might have an increase of hashrate in Early December. So take your chances with the exchange closing down, and nothing until the 15th, if anything.

I'm really looking forward to the IRC chat tomorrow.  I honestly would like to get some of this cleared up.  I would love for this company to be legit but I just don't see that being the case.  There have been so many lies and missed deadlines and mysterious quitting employees, I really don't see how Sam is going to pull this off.  I mean, the entire team is either no longer involved with the company or claims to be completely in the dark.

What am I saying... it's going to be a blood bath.

Yeah it's pretty bad they have no Team. The people who are supposed to be involved either left or know nothing.
VolanicEruptor
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September 29, 2013, 04:07:52 AM
 #15738

A proper Q/A session will be held tomorrow on irc to clear all questions. I will give here notice of the starting time.

Gave you a negative trust rating.  I promise to remove this soon.   Roll Eyes

kingcrimson
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September 29, 2013, 04:08:59 AM
 #15739

Sam=Alberto. They aren't getting on bitfunder because he has no way of showing identification without being exposed.  

Remember his vaporware company also involved technical engineering of tablets, and they ended up making trash. You can't outsource this sort of stuff to people on odesk.
JohnyBigs
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September 29, 2013, 04:14:18 AM
 #15740

Sam=Alberto. They aren't getting on bitfunder because he has no way of showing identification without being exposed.  

Remember his vaporware company also involved technical engineering of tablets, and they ended up making trash. You can't outsource this sort of stuff to people on odesk.

Yeah that's just crazy, these guys are dead in the water. I'm sure Howard left for a reason, because it's probably a complete failure.

Hi, I'm Howard instead of making LabCoin a success and make millions of dollars, I will leave and do research for free. Clearly he saw that it wasn't going to work.

Where is the Odesk link?
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