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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058520 times)
Mabsark
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September 29, 2013, 01:39:45 PM
 #15881

I think the price will drop to around 0.00005 BTC before BTC-TC stops trading. If Labcoin relists on BitFunder, the price will just as quickly rise again.
Your previous predictions turned out wrong.
You're just a scammer trying to pump scams.

Did they? Is it November already?  Huh
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velacreations
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September 29, 2013, 01:40:23 PM
 #15882

If Labcoin relists on BitFunder, the price will just as quickly rise again.
I doubt people will fall for this same scam again.  Will you be reinvesting, Mabsark?  And at what price did you liquidate your Labcon shares?

Of course, that is assuming Bitfunder will list them...

moribana
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September 29, 2013, 01:42:51 PM
 #15883

So when is Labcoin supposed to tell us when the Q&A is? Is now already "tomorrow"? Or is tomorrow Monday?!  Huh

Yes, tomorrow is Monday and today is Sunday. This I can assure you of. Everything else is uncertain...
VolanicEruptor
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September 29, 2013, 01:47:30 PM
 #15884

labcoin will probably not be listed on bitfunder.  There is no way Ukyo would be crazy enough to approve labcoin if it's looking like this..

moribana
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September 29, 2013, 01:49:34 PM
 #15885

People are selling in anticipation of Labcoin gone missing in the Q&A Grin

People are NOT selling. Actually more buying on ask than selling on bid.

You're not looking at the quantities. Sell > buy.

Yes, you are right. And it seems that people who want to sell are buying small amounts to keep up a demand. If they have more accounts they can even buy bigger amounts and lose only the fee.
BombaUcigasa
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September 29, 2013, 01:49:41 PM
 #15886

Mabsark's logic:

Look at this picture though. Notice how some of the chips are missing?



The obvious reason for those chips being missing is because they are being mined with.

It's funny the way none of the FUD-spreaders can come up with a logical argument against this.

Yeah, what was I thinking? It's clearly ridiculous to suggest that the obvious reason for chips being missing is because they had been used for their intended purpose. They surely just threw those chips away for no reason.

/sarcasm (for all the mentally challenged people in this thread)
You still think those trays are delivered always completely occupied with chips, don't you?

I've no idea. I think it more likely that the trays would be full though.
That would seem to be intuitive, right?

But do you actually know how often the trays are filled? For example Intel ships in batches of 1000 units. Here are some trays they use:
http://origin.arstechnica.com/articles/paedia/via-isaiah.media/C7Tray.jpg
http://image.made-in-china.com/2f0j00KMhanCUqCBrG/Intel-Core-I7-930-CPU-for-Desktop-Only-Tray.jpg
http://www.shinly.com.tw/images/products/CPU%20tray/ESD%20protective%20electronics%20packaging.jpg
http://www.os-trade.com/album/other/cpu_Tray_37.5mm%20(1)_nEO_IMG.jpg
http://egoistmedia.ro/wp-content/uploads/2012/12/AMD_CPU_INTEL_CPU_Mobile_CPU_Tray.jpg (AMD maybe)

Also here is an ASIC tray: http://i.imgur.com/b3UbwTU.jpg

How many chips do you get in a batch? Around how many you ordered, but the factory might send you more or less, depending on how many they made and how many are good. The chances that the trays are completely full are 1 in slots_available_on_tray. Which for the trays pictured by Labcoin, the chance the trays are full would be 0.25%

And seriously, there is also the retarded answer: they just took some chips out of the tray. It's not complicated, you pick them with two fingers and put them aside. It's not a feat of engineering to remove some chips from a tray, you don't need a university degree to do it. It doesn't tell you that the chips are burning energy and delivering hashes if they're missing from a tray, they're just missing from a tray. If I were labcoin, I would pick a full tray. The boards are unpopulated, it would make sense to have the chips in their storage support, right?

How do you base your whole discourse on "where could the chips be if not hashing, since they are missing"? This is just one minuscule possibility, given the evidence we have suggests it is very unlikely. Where are the chips if they are not hashing? Clearly, they must be in the garbage bin, there is no other place they would be now if they are not hashing!
abuelau
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September 29, 2013, 01:49:52 PM
 #15887

labcoin will probably not be listed on bitfunder.  There is no way Ukyo would be crazy enough to approve labcoin if it's looking like this..

If Labcoin provides documentation and explanations to Ukyo, explains what is going on, sends him pictures of the rigs, their passport, addresses, a Skype video conference... it could be listed.

Now the odds of them providing all this....


Know what's happening in cryptoworld: www.coinschedule.com
velacreations
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September 29, 2013, 01:53:40 PM
 #15888

labcoin will probably not be listed on bitfunder.  There is no way Ukyo would be crazy enough to approve labcoin if it's looking like this..

If Labcoin provides documentation and explanations to Ukyo, explains what is going on, sends him pictures of the rigs, their passport, addresses, a Skype video conference... it could be listed.

Now the odds of them providing all this....
forget about it being listed on Bitfunder.  Not gonna happen.

b!z
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September 29, 2013, 02:00:18 PM
 #15889

What exchange do they want to list it on then?
crumbs
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September 29, 2013, 02:01:10 PM
 #15890

I think the latest developments are actually great news.  Now there's no need for messy & time-consuming transfers to a new exchange, and the Labcoin team can concentrate on doing what it does best.
KS
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September 29, 2013, 02:02:11 PM
 #15891

People are selling in anticipation of Labcoin gone missing in the Q&A Grin

People are NOT selling. Actually more buying on ask than selling on bid.

You're not looking at the quantities. Sell > buy.

Yes, you are right. And it seems that people who want to sell are buying small amounts to keep up a demand. If they have more accounts they can even buy bigger amounts and lose only the fee.

The bid side is also pretty thin. Less and less open bids.

29 BTC to ATL.

“In Putin’s Russia bitcoin exchanges you.” - http://www.coindesk.com/ceo-bitcoin-officially-bans-china/
List of major BTC scams https://bitcointalk.org/index.php?topic=576337
Bitstamp "no transfer" banks/countries list: https://bitcointalk.org/index.php?topic=270716.0
pedrog
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September 29, 2013, 02:03:10 PM
 #15892

Server and channel, please?

ssshhh
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September 29, 2013, 02:12:02 PM
 #15893

I think the latest developments are actually great news.  Now there's no need for messy & time-consuming transfers to a new exchange, and the Labcoin team can concentrate on doing what it does best.

which is?
crumbs
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September 29, 2013, 02:13:27 PM
 #15894

I think the latest developments are actually great news.  Now there's no need for messy & time-consuming transfers to a new exchange, and the Labcoin team can concentrate on doing what it does best.

which is?

Good question, though more appropriate for those not already invested.
velacreations
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September 29, 2013, 02:15:39 PM
 #15895

I love how Mabsark is still defending them.  Add that to the list of people that deserve to be bagholders:
Mabsark
dhenson
JohnyBigs

These people should be on ignore, folks.  They were defending these scammers right until a few days ago. They encouraged people to invest, all the way down...

drawingthesun
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September 29, 2013, 02:17:13 PM
 #15896

I love how Mabsark is still defending them.  Add that to the list of people that deserve to be bagholders:
Mabsark
dhenson
JohnyBigs

These people should be on ignore, folks.  They were defending these scammers right until a few days ago. They encouraged people to invest, all the way down...

And dhenson recommended people to put me on their ignore list because I was a FUDster.

Guess what? I was right.
SvanteH
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September 29, 2013, 02:19:55 PM
 #15897

I love how Mabsark is still defending them.  Add that to the list of people that deserve to be bagholders:
Mabsark
dhenson
JohnyBigs

These people should be on ignore, folks.  They were defending these scammers right until a few days ago. They encouraged people to invest, all the way down...

Why even bother posting in this thread if you sold off your shares and think LC is a waste of money? Everyone is entitled to an opinion but clearly this thread went from actual discussion to monkeys throwing shit at each other.
velacreations
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September 29, 2013, 02:20:38 PM
 #15898

I love how Mabsark is still defending them.  Add that to the list of people that deserve to be bagholders:
Mabsark
dhenson
JohnyBigs

These people should be on ignore, folks.  They were defending these scammers right until a few days ago. They encouraged people to invest, all the way down...

And dhenson recommended people to put me on their ignore list because I was a FUDster.

Guess what? I was right.
same here

and he was encouraging people to ignore the voices of reason and invest in this thing as it was falling.

Mabsark
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September 29, 2013, 02:23:48 PM
 #15899

If Labcoin relists on BitFunder, the price will just as quickly rise again.
I doubt people will fall for this same scam again.  Will you be reinvesting, Mabsark?  And at what price did you liquidate your Labcon shares?

Of course, that is assuming Bitfunder will list them...

I've been buying and selling at various prices once it came to light they were having trouble with the miners. I sent some BTC to BitFunder which more than covered my costs.

Also, like I said, I have 10,000 shares (up from 6789 shares), so for me, the chance of Labcoin actually sorting their shit out and being successful in achieving their their goals is a risk worth taking. I'll keep trading and hope to significantly increase the number of shares I hold.

If Labcoin is a failure, I make a little profit, if Labcoin is a success, I make a lot of profit.
drawingthesun
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September 29, 2013, 02:26:56 PM
 #15900

Why even bother posting in this thread if you sold off your shares and think LC is a waste of money? Everyone is entitled to an opinion but clearly this thread went from actual discussion to monkeys throwing shit at each other.

I'm not velacreations but I post here sometimes.

I post because I have held Labcoin shares for a long time and wanted to be apart of a startup bitcoin mining company. I check this thread to see if any developments lead to a more positive view of things but until then people need to warned about dhenson, johnybigs and mabsark.
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