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Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058520 times)
KS
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September 29, 2013, 02:27:50 PM
 #15901

For the record, I never bought any LC even for a quick flip, because I think it's unethical.


What do you think is unethical? Buying LC or flipping shares (any shares)?

“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
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dwdoc
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September 29, 2013, 02:28:39 PM
 #15902

New deposit:

 2013-09-29 14:17:16
   17psAW21J4twanAFWmbcd5WdX2pKeX3trm 0.30237405 BTC

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

Dividend coming?  Huh


drawingthesun
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September 29, 2013, 02:31:38 PM
 #15903

What do you think is unethical? Buying LC or flipping shares (any shares)?
Buying into scams.

Whilst it is looking more and more like a scam, beware of pankkake. He thinks Active mining is a scam even though its just a poorly timed and poorly run company.
KS
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September 29, 2013, 02:33:19 PM
 #15904

What do you think is unethical? Buying LC or flipping shares (any shares)?
Buying into scams.

 Undecided

“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
velacreations
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September 29, 2013, 02:33:39 PM
 #15905

If Labcoin is a failure, I make a little profit, if Labcoin is a success, I make a lot of profit.
so, basically, you're just looking for a bigger fool at this point, right?

BitThink
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September 29, 2013, 02:34:39 PM
 #15906

Bye, labcoin. Just leave 3k shares for me to remember this painful but fun experience. I gave up, not because I think it is completely a scam, but I finally have to admit there's not so much up side. Most likely, they just have 20 TH under performed chips, and it will be very lucky they finally get 6-8 Th stable hashing rate. There's almost no chance for them to get 65nm done, considering they don't have technical advantage at all. There's no any reason to further order the 130nm chips at all due to the stability issue.

Even there's a chat tomorrow, there will be no news at all. I believe what they have said, that's actually worse than if they are scammer. If this is scam, maybe we still have a chance to get refund. Now, I think they will just waste all fund in that unstable chips and hopeless 65nm project.

Bye, my fellow bag holders. I am sorry to leave, but I really don't have enough time and energy to stay. Best wish to you all (to my last 3k shares too:))
velacreations
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September 29, 2013, 02:34:44 PM
 #15907

people need to warned about dhenson, johnybigs and mabsark.
^^^ this

drawingthesun
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September 29, 2013, 02:36:27 PM
 #15908

If Labcoin is a failure, I make a little profit, if Labcoin is a success, I make a lot of profit.

This is a lot of effort in this thread for 10,000 shares Mabsark. I had 94,000 and probably post in the Labcoin thread far less than you.

Anyway. You are gambling, you might as well take your coins over to Just-Dice and roll some numbers.
AngelSky
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September 29, 2013, 02:36:46 PM
 #15909

A company is supposed to bring something (a product) to the table, make money with it and pay dividends to shareholders (that took the risks).

What is happening now ?

1) Labcoin is not going to be listed on BF. Good luck with your untradable shares. Today Labcoin valuation is based on the fact that people are able to make a quick flips, nothing else.
2) Where is the "growing" hashrate? As I can remember, I was told that everyday the hashrate would increase. All I can see is... the opposite.
3) Another annoucement of annoucement for the 15th October? It's a dream.. (nightmare for shareholders). Nothing until then, this is just the biggest joke ever.
4) "Some amounts of shares were used as payouts for team members, including theSwede". Some = how much money was spent in Rolex/Cars/Hilton with shareholders money? Where is your product? Why don't you want to publish a spreadsheet? Why 2 months was not enough time for you to give to burnside the accounts? Nothing to hide? Scam is a small word, trust me.
5) "We took the decision to outsource the troubleshooting  and final touches of the mining boards to an external party". They decided to outsource everything because they have absolutely no clue of what they are doing.

So now, how should we rename this "company" ?
- Toxicoin
- Scamcoin
- Blahblahcoin

Vote is open.

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velacreations
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September 29, 2013, 02:38:00 PM
 #15910

So now, how should we rename this "company" ?
- Toxicoin
- Scamcoin
- Blahblahcoin

Vote is open.
I've been fond of Labcon, myself.  But, Scamcoin has a certain ring to it.

BitThink
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September 29, 2013, 02:38:12 PM
 #15911

New deposit:

 2013-09-29 14:17:16
   17psAW21J4twanAFWmbcd5WdX2pKeX3trm 0.30237405 BTC

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

Dividend coming?  Huh




They actually have around 630g hashing. So there's more coins than 0.05 per hour. Therefore, there are manual payments from time to time.
drawingthesun
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September 29, 2013, 02:38:50 PM
 #15912

He thinks Active mining is a scam even though its just a poorly timed and poorly run company.
Cheesy
I think it's a guaranteed loss for shareholders, and I have proved this is what I really believe. Which is a scam: it's scamming investors knowingly.
Scam doesn't mean "nothing exists". It means robbing people of their money by being dishonest.
Scammers are going to be more and more sophisticated. Get used to it.

You mean some of the pumpers like Bar are scamming people into buying shares? Thats not Kens fault is it?

Also you haven't proved anything with a bitbet. Most people aren't interested in playing your games and I still think the profit will come, just later than your proposition.

To think a bet has proven something... Thats almost like a scam right?
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September 29, 2013, 02:41:19 PM
 #15913

He thinks Active mining is a scam even though its just a poorly timed and poorly run company.
Cheesy
I think it's a guaranteed loss for shareholders, and I have proved this is what I really believe. Which is a scam: it's scamming investors knowingly.
Scam doesn't mean "nothing exists". It means robbing people of their money by being dishonest.
Scammers are going to be more and more sophisticated. Get used to it.

You mean some of the pumpers like Bar are scamming people into buying shares? Thats not Kens fault is it?

How does someone "scam" someone else into buying shares?

I'm very interested in this upside down australian logic.
Mabsark
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September 29, 2013, 02:42:09 PM
 #15914

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...

If anyone has lost money on this that's their own problem, nobody else's. We all have the same information. There's no proof of it being a scam so far, no matter what you guys keep claiming. When push comes to shove, all you do is provide FUD instead of evidence to back up your claims. That's because you don't have any actual evidence.

I've already made a profit from Labcoin, reinvested it into AM on BitFunder and still have 10,000 shares to trade. Hopefully I can acquire 100,000 shares before trading ends on BTC-TC.  Grin
AngelSky
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September 29, 2013, 02:44:38 PM
 #15915

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...

If anyone has lost money on this that's their own problem, nobody else's. We all have the same information. There's no proof of it being a scam so far, no matter what you guys keep claiming. When push comes to shove, all you do is provide FUD instead of evidence to back up your claims. That's because you don't have any actual evidence.

I've already made a profit from Labcoin, reinvested it into AM on BitFunder and still have 10,000 shares to trade. Hopefully I can acquire 100,000 shares before trading ends on BTC-TC.  Grin

You're just a clown playing with small numbers here. You claim in public to be smart, but you are not. Just ask yourself, where this money is comming from. Dumbass.

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velacreations
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September 29, 2013, 02:45:26 PM
 #15916

There's no proof of it being a scam so far, no matter what you guys keep claiming.
substantial evidence has been presented. 

You know what evidence is missing, here?  Evidence to suggest they are NOT a scam.  You keep saying they are legit, where's your evidence, Mabsark?

When push comes to shove, all you do is provide FUD instead of evidence to back up your claims.
that's funny, cause I was using your own math to show they were overvalued.  Guess what?  the share price is approaching the fair value I posted.

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September 29, 2013, 02:46:01 PM
 #15917

If Labcoin is a failure, I make a little profit, if Labcoin is a success, I make a lot of profit.
so, basically, you're just looking for a bigger fool at this point, right?

People make profit from buying and selling at all different prices. You may think they're the fool, but they're the one laughing at you while you stand there and watch them profit from trading. That's why you're so bitter.
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September 29, 2013, 02:46:16 PM
 #15918

I've already made a profit from Labcoin
this is all anyone needs to know about Mabsark.  When he was telling you guys to hold, he was selling.

drawingthesun
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September 29, 2013, 02:47:59 PM
 #15919

How does someone "scam" someone else into buying shares?

I'm very interested in this upside down australian logic.

In your case, I heard that you pepper reddit  and bitcointalk with overly optimistic Active Mining posts. At best we will get our ROI out of this and unfortunately I don't think Active will become the next ASICMINER. Overly pumping a stock by working the forums is scam behaviour isn't it? Especially if you decided to dump on the new buyers.
velacreations
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September 29, 2013, 02:48:28 PM
 #15920

People make profit from buying and selling at all different prices.
and a lot of other people lose money because you are encouraging them to buy your toxic shares.  Don't try and act noble by sitting there telling people to hold while you are selling.

No one should trust anything you say, mainly because you admit to manipulating the market to your own advantage.

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