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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058191 times)
ampu
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October 07, 2013, 09:30:11 AM
 #16941


I'd have thought Sam would have been anxious to come here and share some good news about his progress.

Maybe clarify a few issues as well.

And yet...where is he?

And where is TheSwede75?

BTC: 1LVzxHuyHjCgoTYggmNVNswdLK7yWsy78y
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October 07, 2013, 09:37:01 AM
 #16942


I'd have thought Sam would have been anxious to come here and share some good news about his progress.

Maybe clarify a few issues as well.

And yet...where is he?

It's a scam. You didn't notice this yet?

Its price is not a very relevant factor in its adoption....
bitmoon
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October 07, 2013, 09:37:25 AM
 #16943


I'd have thought Sam would have been anxious to come here and share some good news about his progress.

Maybe clarify a few issues as well.

And yet...where is he?

lol, he didnt bother to post on btct for investors during bitcointalk offline, so why he should here.

if nothing comes up until next week, or even showing up then its over, all the log therefore is solidified truth.
bitmoon
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October 07, 2013, 09:50:46 AM
 #16944

seroiusly im fed up, only reason im here is cuase TheSeven was part of team,  i got interested in his asic's he made and he sold some and released opensource code and simple schematic.

bah, why didnt theseven rescue us from this mess, if he experienced same communication problem and performance.

same applies to howard,  they didnt give a shred of word or hint to safe us from mess going way far.

we got tree shaken up n down, ppl kept losing, some profitting, i believe for a few ppl to profit, there are huge ppl has to lose.

all this time no rescue from them, atleast i heard that seven got pm-ed from investor, but his reply had no clue, just working on 65nm.

edit: i think the 65nm is halted, and they focus on current problem,  i read it some where in those logs QA , etc, u posted guys
Bitcycle
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October 07, 2013, 10:52:03 AM
 #16945

seroiusly im fed up, only reason im here is cuase TheSeven was part of team,  i got interested in his asic's he made and he sold some and released opensource code and simple schematic.

bah, why didnt theseven rescue us from this mess, if he experienced same communication problem and performance.

same applies to howard,  they didnt give a shred of word or hint to safe us from mess going way far.

we got tree shaken up n down, ppl kept losing, some profitting, i believe for a few ppl to profit, there are huge ppl has to lose.

all this time no rescue from them, atleast i heard that seven got pm-ed from investor, but his reply had no clue, just working on 65nm.

edit: i think the 65nm is halted, and they focus on current problem,  i read it some where in those logs QA , etc, u posted guys

Seven has said his work on the 65nm has been halted and nowhere near completion. He offered to help with the 130nm issues and was turned down.

If they even have 130nm, that is.  They don't have Howard's, that's certain.

codegnome
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October 07, 2013, 11:23:01 AM
 #16946

bah, why didnt theseven rescue us from this mess, if he experienced same communication problem and performance.

same applies to howard,  they didnt give a shred of word or hint to safe us from mess going way far.
Why? Because they're contractors. They have no obligation to you, or even to Labcoin after they have done what they were contracted for (and it looks like Labcoin didn't pay them much).
Why would they want to be part of the mess they aren't responsible for?

So if your name was being used to operate a scam, you would not speak up about it?

BS. Why did these people keep quiet?

papamoi
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October 07, 2013, 11:26:21 AM
 #16947

hi

so is this confirmed that all this is a scam?

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October 07, 2013, 11:32:23 AM
 #16948

So that the stupid will still say "but it's legit they have some chips".

I was convinced it was a scam but that they had some chips nonetheless (albeit 180nm and possibly non fuctional). As it turns out, they dont have any chips at all, neither the 180 nor the 130nm design taped out.

But yeah, some  people will still say its legit, and claim statements such as hashing with 2TH with non existing chips is just a communication problem Smiley.
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October 07, 2013, 11:33:22 AM
 #16949

Seriously, I think some of us should call the police now. There're enough evidences to prove they've taken $700K from thousands of investors by lying. We shouldn't let anyone to scam without any punishment. In this case, I believe we have at least two real names, Fabriazio and Allessia Tatti, so it shouldn't be difficult for the police to find them.

As for TheSwede, TheSeven, and Howard, we can let the police and court to decide whether they are guilty or not. Personally,  I don't think they are completely innocent if they knew their names were listed in the contract and they realized 'labcoin' was lying all the way.
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October 07, 2013, 11:38:38 AM
 #16950

I was convinced it was a scam but that they had some chips nonetheless (albeit 180nm and possibly non fuctional). As it turns out, they dont have any chips at all, neither the 180 nor the 130nm design taped out.
Really? I just thought they did an order for the unfinished work, and with mistakes on the packaging.
What makes you think they didn't even bother?

Thats what howard wang said. The 180nm straight fpga port was too bad to even bother with, the 130nm design was never finished. No tape out, no chips.

http://pastebin.com/rQfbUA8d
ShroomsKit
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October 07, 2013, 11:41:02 AM
 #16951

hi

so is this confirmed that all this is a scam?



Yes. Some people are still in denial sadly enough.

Its price is not a very relevant factor in its adoption....
Zakryze
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October 07, 2013, 11:49:12 AM
 #16952

I'm still ignored by that fanboys it seems. Sad but true. People still on the ship are either addicted to gambling or lazy as fuck or its their pocketmoney in there that they need to turn into profit someday...

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PRIMEDICE
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SNttx1hwtpf8TQEK7ZBojcvQrDmBaz9QPK SFC Addy
BitThink
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October 07, 2013, 11:54:26 AM
 #16953

In case anyone missed this on IRC yesterday. This is the final message from Howard to auto2nr1, where he clarifies and confirms the details from his previous e-mail:

http://pastebin.com/hvT3qerz


They have not found any foundry on 20Aug. When did they claim they have got the chips? When did they claim they were hashing? Apparently someone is lying. Still not convinced they are criminals? Call the police now!
Puppet
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October 07, 2013, 11:55:47 AM
 #16954

Apparently someone is lying.

Nah, "communication problems".
Bitcycle
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October 07, 2013, 11:56:40 AM
 #16955

In case anyone missed this on IRC yesterday. This is the final message from Howard to auto2nr1, where he clarifies and confirms the details from his previous e-mail:

http://pastebin.com/hvT3qerz



Credit to auto2nr1, who went out and got valid information.  That was useful, as opposed to those who merely bleated "scam! scam!" based on their feelings. They contributed nothing.
Zakryze
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October 07, 2013, 12:06:40 PM
 #16956

In case anyone missed this on IRC yesterday. This is the final message from Howard to auto2nr1, where he clarifies and confirms the details from his previous e-mail:

http://pastebin.com/hvT3qerz



Credit to auto2nr1, who went out and got valid information.  That was useful, as opposed to those who merely bleated "scam! scam!" based on their feelings. They contributed nothing.

It was not a feeling. seeing those selloff waves and buybacks after missed deadlines was just obvious to some people while sheeple like you were obviously blind or greed enough to ride the scam. dont make urself a fool now.

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PRIMEDICE
The Premier Bitcoin Gambling Experience @PrimeDice
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redbeans2012
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October 07, 2013, 12:27:15 PM
 #16957

Seems like their goal is to just buy up all the cheap cheap shares.  In the end they will do a buyback and repay the remaining few people that held on.  Labcoin will make out like bandits while seeming like good guys for returning the IPO funds.

addi
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October 07, 2013, 12:31:22 PM
 #16958

I'll just put this here:

http://blockchain.info/tx/1fb6257ca1a61f10a03c742b7000f542776a7ad7c5f81aef98f2a31fa6c0f542

tl;dr - 251.9519 BTC payout from Just-Dice hot wallet to the above mentioned Labcoin wallet used for the IPO.

djeez, that is fucked up.

VolanicEruptor
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October 07, 2013, 12:42:03 PM
 #16959

Seems like their goal is to just buy up all the cheap cheap shares.  In the end they will do a buyback and repay the remaining few people that held on.  Labcoin will make out like bandits while seeming like good guys for returning the IPO funds.



This theory has been around the block a few times... it's starting to get old

dwdoc
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October 07, 2013, 01:28:50 PM
 #16960

Btc.co is down.

ps-How do we get our BTC out if it only permits 2.5btc withdrawl per day?
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