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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058201 times)
ishkur
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October 09, 2013, 03:36:04 AM
 #17121


According to the other forum logins under that same IP address, "she" is a 29 year old male...
if it was a proxy, there would be a lot more activity than that..

She looks pretty girly in her driver's license

Can you post her DL?

i'd say it's too early for that YET. if it needs to i'm sure he'll do it at the appropriate time

Not to early.  These fucks took off with 7000 btc
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ishkur
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October 09, 2013, 03:40:42 AM
 #17122

Incase anyone wants to join me in reporting

http://www.sfc.hk/web/EN/about-the-sfc/contact-us.html

superduh
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October 09, 2013, 03:50:50 AM
 #17123

Incase anyone wants to join me in reporting

http://www.sfc.hk/web/EN/about-the-sfc/contact-us.html



noone knows if that will do more harm than good

ok
matt4054
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October 09, 2013, 03:54:08 AM
 #17124

I think we can go after theswede and fabrizio. I would say burnside will have to answer as well, due to his heavy profiting off labcoin, and listing them without any verification.

Let us all pool together in the IRC and coordinate actions in these coming days. It is a more global world and scammers dont have reliability of anonymity anymore.




I have not been able to get a hold of Sam in over a week. I have talked to TheSeven over Skype and I can't speak for him but I feel that we are reaching the point where the Labcoin team being absent is just not even close to OK anymore. I still own my 30,000 shares and have taken a close to 99% loss at this time. I have talked to the team of forum members talking on IRC and trying to figure out what is going on with Labcoin and can only say that I of course will do whatever I can do help get to the bottom of what is going on.

I have also contacted Burnside to see what I can possibly do to ensure that all shares are accounted for etc. Right now I share every cent of frustration with everyone else on this forum. I will keep everyone here updated on everything and anything I find out.


Yes, this has become very messy.

Don't forget the people that sold their shares at a huge loss!!!

I am still holding mine, which I guess in hindsight was a stupid idea considering the closure of BTCT.CO and now Bitfunder, but the monetary loss is something I can live with. Much worse to feel that I possibly was a part of causing people to lose money.

TheSwede,

You mentioned Mr Tatti owning a physical business, does it mean you know its (or his) physical address?

Is there any way to claim for losses on trading, i.e. after the first lies about 2 THS hashing etc. were posted here?

I mean in a "regulated" exchange world, traders could sue issuers that fabricate reports, for example

Thanks
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October 09, 2013, 04:16:55 AM
 #17125

Incase anyone wants to join me in reporting

http://www.sfc.hk/web/EN/about-the-sfc/contact-us.html
noone knows if that will do more harm than good
Indeed, and potentially not just for Labcoin.

ishkur
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October 09, 2013, 04:18:21 AM
 #17126

Incase anyone wants to join me in reporting

http://www.sfc.hk/web/EN/about-the-sfc/contact-us.html
noone knows if that will do more harm than good
Indeed, and potentially not just for Labcoin.

Ok I'll wait a few days, but I don't see how or why it would make a difference.  Our money is long gone
dhenson
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October 09, 2013, 04:20:29 AM
 #17127

Incase anyone wants to join me in reporting

http://www.sfc.hk/web/EN/about-the-sfc/contact-us.html
noone knows if that will do more harm than good
Indeed, and potentially not just for Labcoin.

Ok I'll wait a few days, but I don't see how or why it would make a difference.  Our money is long gone

Wait until Nov. 1 IMO for the Oct. 15th batch of chips to arrive.  If we don't have rock solid proof of receipt of actual Labcoin chips/boards by then we can be 100% certain it's a scam.  Right now it's only 95%  Wink
kingcrimson
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October 09, 2013, 04:25:53 AM
 #17128

Incase anyone wants to join me in reporting

http://www.sfc.hk/web/EN/about-the-sfc/contact-us.html



This is a better link--

online complaint form:
https://www.sfc.hk/web/EN/lodge-a-complaint/against-intermediaries-and-market-activities/complaint-form/

or email them direct:
complaint@sfc.hk

I have reported, and urge others to do so as well.

Do it before Fabrizio leaves the country... it will be way harder to get him if he leaves Hong Kong.

Save the Labcoin prospectus as well before btct goes offline. 

For target person, write:
Fabrizio Tatti from Shenzhen, Guangdong
works at OPPO electronics in Guangdong in the international marketing department.
KCBitcoin
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October 09, 2013, 04:38:06 AM
 #17129

Incase anyone wants to join me in reporting

http://www.sfc.hk/web/EN/about-the-sfc/contact-us.html



This is a better link--

online complaint form:
https://www.sfc.hk/web/EN/lodge-a-complaint/against-intermediaries-and-market-activities/complaint-form/

or email them direct:
complaint@sfc.hk

I have reported, and urge others to do so as well.

Do it before Fabrizio leaves the country... it will be way harder to get him if he leaves Hong Kong.

Save the Labcoin prospectus as well before btct goes offline. 

For target person, write:
Fabrizio Tatti from Shenzhen, Guangdong
works at OPPO electronics in Guangdong in the international marketing department.

+1
superduh
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October 09, 2013, 04:45:54 AM
 #17130

do you realize that if things DO pull through the complaint will harm you much more than not reporting it.
sometimes you have to wait before getting agencies involved for YOUR OWN good.

ok
auto2nr1
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October 09, 2013, 04:51:25 AM
 #17131

Just FYI Swede, if this ends up being a scam, not all of us hold you responsible.  It's obvious to me at least that you have been acting in good faith.

edit... What contact methods have you had for Sam?  Anything traceable like a phone number, personal email etc.?

Swede has labcoin's skype, e-mail as well as 2 phone numbers.
kingcrimson
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October 09, 2013, 05:02:11 AM
 #17132

If you report, I would also mention Alberto Armandi, who is located in Shenzhen as well (what a coincidence...).
 
I don't understand why some of you are withholding info (drivers license, phone #), but I'm sure you'll be contacted by authorities soon enough. Your choice how much you want to protect these clowns.
kingcrimson
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October 09, 2013, 05:12:52 AM
 #17133

do you realize that if things DO pull through the complaint will harm you much more than not reporting it.
sometimes you have to wait before getting agencies involved for YOUR OWN good.

Yes it is likely they will try to shift the blame
"We were on the verge of mining 500TH but since you alerted authorities it is now cancelled, don't blame us"
Bet a lot of you would believe them too.
Luckybit
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October 09, 2013, 05:35:23 AM
 #17134

do you realize that if things DO pull through the complaint will harm you much more than not reporting it.
sometimes you have to wait before getting agencies involved for YOUR OWN good.

Yes it is likely they will try to shift the blame
"We were on the verge of mining 500TH but since you alerted authorities it is now cancelled, don't blame us"
Bet a lot of you would believe them too.

I wouldn't be surprised if this kind of stuff is why Bitfunder is shutting down. The heat is coming.

Pull all your investments out now unless you have direct shares.
bitmoon
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October 09, 2013, 05:50:41 AM
 #17135

Incase anyone wants to join me in reporting

http://www.sfc.hk/web/EN/about-the-sfc/contact-us.html
noone knows if that will do more harm than good
Indeed, and potentially not just for Labcoin.

Ok I'll wait a few days, but I don't see how or why it would make a difference.  Our money is long gone

Wait until Nov. 1 IMO for the Oct. 15th batch of chips to arrive.  If we don't have rock solid proof of receipt of actual Labcoin chips/boards by then we can be 100% certain it's a scam.  Right now it's only 95%  Wink

batch? i believe he send the crippled mining hardware to outside team to work on it, and get it back by 15th oct.

why say batch? howard never completed the design for 130nm or 180nm, honestly i really dont know what they mining with, could it be they bought avalon chips or something?

remember labcoin said he was one man team? if u ever thought 130nm design is completed by other employee, then nah nah.

if howard left and never finished, and labcoin is 1 man team, then there is no chip im afraid, pic's properly fake, maybe he ran to university and went to staff electronic room and took those look alike asic chips from draw , then he printed out a big paper sheet of labcoin logo, place the university chips on top of the paper logo, take pictures, while we demanded a picture of mining one.

edit: remember again, labcoin, sam is not engineer, he said it in this forum some weeks ago or i must read it in QA or logs
dhenson
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October 09, 2013, 05:52:20 AM
 #17136

do you realize that if things DO pull through the complaint will harm you much more than not reporting it.
sometimes you have to wait before getting agencies involved for YOUR OWN good.

Yes it is likely they will try to shift the blame
"We were on the verge of mining 500TH but since you alerted authorities it is now cancelled, don't blame us"
Bet a lot of you would believe them too.

Your words strike me as incredibly ironic. Considering this is what you posted regarding btcgarden.  If you are wrong and labcoin actually receives chips only to be thwarted by your ridiculous crusade YOU will be the stupid troll.

So they are mining 250 th, 5X greater than asicminer
and we all could've been a part of it, if not for a stupid troll

This stings bigger than Labcoin
dhenson
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October 09, 2013, 05:56:32 AM
 #17137

batch? i believe he send the crippled mining hardware to outside team to work on it, and get it back by 15th oct.

why say batch? howard never completed the design for 130nm or 180nm, honestly i really dont know what they mining with, could it be they bought avalon chips or something?

remember labcoin said he was one man team? if u ever thought 130nm design is completed by other employee, then nah nah.

if howard left and never finished, and labcoin is 1 man team, then there is no chip im afraid, pic's properly fake, maybe he ran to university and went to staff electronic room and took those look alike asic chips from draw , then he printed out a big paper sheet of labcoin logo, place the university chips on top of the paper logo, take pictures, while we demanded a picture of mining one.

edit: remember again, labcoin, sam is not engineer, he said it in this forum some weeks ago or i must read it in QA or logs

Consider this.

1) Labcoin is horrible at communication and doesn't explain anything.
2) They outsource everything.  We don't know that they didn't have someone else finish the chip design.
3) They have stated many times that they have ordered 100,000 chips after the test batch arrived.

I'm not saying that they are legit, as obviously all signs point to this being a huge cluster fcuk if not an outright scam.  I'm just stating that ever since the troubles started they have been wanting us to withhold judgement until the end of October.  This could be because they are actually going to receive chips.

What do we have to lose by just chilling out for a month?
BitThink
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October 09, 2013, 06:09:32 AM
 #17138

You lose every evidence on btct.co and the interest of the majority to do the witch hunting. People tends to forget things very fast, especially those who have already sold all the shares.
bitmoon
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October 09, 2013, 06:11:43 AM
 #17139

batch? i believe he send the crippled mining hardware to outside team to work on it, and get it back by 15th oct.

why say batch? howard never completed the design for 130nm or 180nm, honestly i really dont know what they mining with, could it be they bought avalon chips or something?

remember labcoin said he was one man team? if u ever thought 130nm design is completed by other employee, then nah nah.

if howard left and never finished, and labcoin is 1 man team, then there is no chip im afraid, pic's properly fake, maybe he ran to university and went to staff electronic room and took those look alike asic chips from draw , then he printed out a big paper sheet of labcoin logo, place the university chips on top of the paper logo, take pictures, while we demanded a picture of mining one.

edit: remember again, labcoin, sam is not engineer, he said it in this forum some weeks ago or i must read it in QA or logs

Consider this.

1) Labcoin is horrible at communication and doesn't explain anything.
2) They outsource everything.  We don't know that they didn't have someone else finish the chip design.
3) They have stated many times that they have ordered 100,000 chips after the test batch arrived.

I'm not saying that they are legit, as obviously all signs point to this being a huge cluster fcuk if not an outright scam.  I'm just stating that ever since the troubles started they have been wanting us to withhold judgement until the end of October.  This could be because they are actually going to receive chips.

What do we have to lose by just chilling out for a month?

hmm, you didnt factor in the lies, picture proved that the 2TH is lie, they lied about 4th , they gave us empty mining address which we assumed it had some mined coins thats another 2nd prove which proved the 2TH was lie.

test patch? when? during ipo days? he never stated a new test chips after the 2Th failed, did i miss something? do u mean the outsource team created a test chip?

how can they make a test chip on unfinished design? labcoin is not engineer, howard is gone, unless u mean the outsource team made some test chips
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October 09, 2013, 06:21:12 AM
 #17140

Just FYI Swede, if this ends up being a scam, not all of us hold you responsible.  It's obvious to me at least that you have been acting in good faith.

I myself can only say that even if it the project gets back on it's feet I would never have gotten involved had I known that it would cause me this much stress for no reason. At this point I just feel stressed out and disappointed in Sam, Fabrizio etc. no matter the outcome.

i respect u now swede.

your statement is what i like to hear honestly, it clarifies/affirms the source of problem, now i know u r on our side.

some ppl might think you are playing victim card to be blameless, but for me, i dont think so.

i trusted labcoin becuase theseven was listed in team, thats why im in hole with you holding hands, (lol , thats to make u smile)
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