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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058520 times)
Ytterbium
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October 19, 2013, 04:57:32 AM
 #17801

Depends which investors you are talking about, the ones who bought in at IPO/higher, or the ones who bought in at 10% of IPO?
I am talking about IPO investors, or as I would say "most investors". Obviously, I'm going to get stories of people pretending they bought and sold at all the right times. The simple truth is that the initial capital will never be paid back to investors.

Anyway, 10% of IPO is still way too high for current hashrate for any chance of profit.

From what I can tell, he has a 0.2% of the network currently, if he could hold that (which I kind of doubt) it would be about 2620.8Btc/year or 0.00026208 per share per year. In order for shares to be worth

Yeah. I'm pretty sure he originally said he'd be at 50TH/s by now.  I think most recently he said he'd be at 10Th/s by tommorow.  If IPO investors are going to make a profit in a year of dividends he'd need to maintain 1% of the network, or about 21Th/s at the current rate.

There's also a real question about how much he'll be able to increase hashrate before running out of money.  I seriously doubt he's at the $2/gh level they initially announced at this point. We can see the issues he's been having with hashrate lately, but beyond that we have no idea what's going on with the remaining funds.  No one is going to value this stock based on a year of expected performance for now, so he'll have to grow his share of the network consistently for months before there's any chance of the price recovering (IMO)

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JohnyBigs
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October 19, 2013, 05:03:58 AM
 #17802

Depends which investors you are talking about, the ones who bought in at IPO/higher, or the ones who bought in at 10% of IPO?
I am talking about IPO investors, or as I would say "most investors". Obviously, I'm going to get stories of people pretending they bought and sold at all the right times. The simple truth is that the initial capital will never be paid back to investors.

Anyway, 10% of IPO is still way too high for current hashrate for any chance of profit.

From what I can tell, he has a 0.2% of the network currently, if he could hold that (which I kind of doubt) it would be about 2620.8Btc/year or 0.00026208 per share per year. In order for shares to be worth

Yeah. I'm pretty sure he originally said he'd be at 50TH/s by now.  I think most recently he said he'd be at 10Th/s by tommorow.  If IPO investors are going to make a profit in a year of dividends he'd need to maintain 1% of the network, or about 21Th/s at the current rate.

There's also a real question about how much he'll be able to increase hashrate before running out of money.  I seriously doubt he's at the $2/gh level they initially announced at this point. We can see the issues he's been having with hashrate lately, but beyond that we have no idea what's going on with the remaining funds.  No one is going to value this stock based on a year of expected performance for now, so he'll have to grow his share of the network consistently for months before there's any chance of the price recovering (IMO)

Why can't they be at $2/gh? once everything is designed which it seems it is, manufacturing costs aren't going to change. I think once they hit 10TH and 20TH people will start to pile in. at 20TH having 1% of the network is no joke. Especially buying shares at these retarded prices.
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October 19, 2013, 08:36:51 AM
 #17803

It's hard to say where "most investors" joined in.

The number of investors is irrelevant, what matters is the money they invested. And no amount of trading or flipping changes the fact combined they invested IPO price and only got divs in return. Whatever some lucky investors gained by flipping at the right time was lost by others.

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October 19, 2013, 08:50:35 AM
 #17804

Why can't they be at $2/gh? once everything is designed which it seems it is, manufacturing costs aren't going to change. I think once they hit 10TH and 20TH people will start to pile in. at 20TH having 1% of the network is no joke. Especially buying shares at these retarded prices.
Well for one the actual hashrate of the chips is significantly lower than they anticipated when they made the $2/gh claim. Then there are the supposed engineering costs for coming up with a workable cooling solution among other things.
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October 19, 2013, 09:19:07 AM
 #17805

I only supported Labcoin against the scam accusations, not their utter incompetence. This project can still fail even if they don't have scam motives. I still support them as in they are most likely not a scam, but they are incompetent.

When it comes to bitcoin securities (an oxymoron if there ever was one), "never attribute to stupidity that which is adequately explained by malice".

One failure, I might mistake intention. But after:
-Wozad (http://www.micro-funding.com/index.php?action=showstartup&startups_id=19)
-zenpad scam (http://www.reddit.com/r/IAmA/comments/kg4ch/im_the_guy_who_launched_an_highly_overhyped/)
-Kronos.io scam (http://www.reddit.com/r/Bitcoin/comments/yb89v/bitdaytradecom_operator_has_already_lost_4000btc/)
-bitscalper.com scam
-Bitdaytrade scam
-Labcoin scam

(Im ignoring some fake watch "business"), all of these scams are still called "failures due to incompetence" by some, do you really think Alberto is just the worst CEO in history, or a better scammer than people give him credit for?

I feel I need to make a correction. Of all his schemes, there may have been one that was an actual business and perhaps even profitable for a while. I dont know for sure, but  cannabis usually is and there is no denying he did have the .. 'hardware" :
http://ricerca.gelocal.it/lanuovasardegna/archivio/lanuovasardegna/2006/09/12/SW1SD_SW103.html
silvermario
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October 19, 2013, 09:59:21 AM
 #17806



I feel I need to make a correction. Of all his schemes, there may have been one that was an actual business and perhaps even profitable for a while. I dont know for sure, but  cannabis usually is and there is no denying he did have the .. 'hardware" :
http://ricerca.gelocal.it/lanuovasardegna/archivio/lanuovasardegna/2006/09/12/SW1SD_SW103.html

Google translate:

Marijuana at home arrested
12 September 2006 - page 06 section: Cagliari

 CARBONIA. He looked after at home a small plantation of marijuana with lots of irrigation and ventilation: a young man from Carbonia was arrested by the police of the operational core of Carbonia and mobile radio station Giba for cultivation and possession for the purpose of trafficking of substances drugs.
 Armandi Alberto, 23, of Carbonia, had pulled up at the house a veritable greenhouse in his attic containing 10 seedlings of "cannabis indica" that would have reached a height of over one meter. The seeds had been ordered by the young via the Internet. The military, in addition to the garden, they also found 80 grams of marijuana already dried and 10 of hashish.
 Surprised in the act, Armandi was arrested by police and is now at the disposal of the judicial authority.
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October 19, 2013, 10:59:19 AM
 #17807

I only supported Labcoin against the scam accusations, not their utter incompetence. This project can still fail even if they don't have scam motives. I still support them as in they are most likely not a scam, but they are incompetent.

When it comes to bitcoin securities (an oxymoron if there ever was one), "never attribute to stupidity that which is adequately explained by malice".

One failure, I might mistake intention. But after:
-Wozad (http://www.micro-funding.com/index.php?action=showstartup&startups_id=19)
-zenpad scam (http://www.reddit.com/r/IAmA/comments/kg4ch/im_the_guy_who_launched_an_highly_overhyped/)
-Kronos.io scam (http://www.reddit.com/r/Bitcoin/comments/yb89v/bitdaytradecom_operator_has_already_lost_4000btc/)
-bitscalper.com scam
-Bitdaytrade scam
-Labcoin scam

(Im ignoring some fake watch "business"), all of these scams are still called "failures due to incompetence" by some, do you really think Alberto is just the worst CEO in history, or a better scammer than people give him credit for?

I feel I need to make a correction. Of all his schemes, there may have been one that was an actual business and perhaps even profitable for a while. I dont know for sure, but  cannabis usually is and there is no denying he did have the .. 'hardware" :
http://ricerca.gelocal.it/lanuovasardegna/archivio/lanuovasardegna/2006/09/12/SW1SD_SW103.html

Why should anyone listen to you? You dress up as a dog and sexually abuse cats.

The evidence is blatantly clear on this. You call yourself "puppet" and the guy in the article dresses like a puppet dog. Open and shut case -  you molester small children and mug old grannies.

 Shocked
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October 19, 2013, 11:42:34 AM
 #17808

Why should anyone listen to you?

No one should. IF you have a brain, use it and draw your own conclusion based on the evidence available to you.
bitwhizz
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October 19, 2013, 11:46:57 AM
 #17809

i want to short labcoin stock, any bulls want to lend me labcoin shares, and i could put a collateral through an escow, pay back date - 3 months time maximum. 5 % per month compunding interest Smiley will short up to 10 bitcoins worth
Bitcycle
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October 19, 2013, 12:35:01 PM
 #17810

Question Sam would rather delete than answer-

Why do we have to wait a month to see a picture of hardware?

Delete this question again and I'll post it again.  This needs to be answered. 

Refusal to post a picture of hardware is affecting my share value.
bitwhizz
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October 19, 2013, 01:03:21 PM
 #17811

Question Sam would rather delete than answer-

Why do we have to wait a month to see a picture of hardware?

Delete this question again and I'll post it again.  This needs to be answered. 

Refusal to post a picture of hardware is affecting my share value.

Dude their is no hardware thats why..........
Sou
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October 19, 2013, 01:08:38 PM
 #17812

Question Sam would rather delete than answer-

Why do we have to wait a month to see a picture of hardware?

Delete this question again and I'll post it again.  This needs to be answered. 

Refusal to post a picture of hardware is affecting my share value.

Dude their is no hardware thats why..........

Yeah, thats pretty clear at this point. Does anyone really think otherwise?
pedrog
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October 19, 2013, 04:49:57 PM
 #17813

We got dividends again...

VolanicEruptor
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October 19, 2013, 04:50:20 PM
 #17814

We got dividends again...

Weird.. they are daily now?

JohnyBigs
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October 19, 2013, 05:30:39 PM
 #17815

Yes make sure you all complain about daily dividends instead of every 2 weeks, and come up with ridiculous theories.
TheCoinBull
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October 19, 2013, 05:38:48 PM
 #17816

So how do i get my 5000 shares from btc t  to cryptostocks

Bitcoin for your thoughts
VolanicEruptor
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October 19, 2013, 05:39:41 PM
 #17817

So how do i get my 5000 shares from btc t  to cryptostocks

A new cryptostocks account was automatically made for you, and the info was sent to the same e-mail that you registered on btct with.  This account will have your shares in it already.

TheCoinBull
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October 19, 2013, 05:55:22 PM
 #17818

Can someone please post the link to Labcoins hash rate and pool.

Bitcoin for your thoughts
Zubilica
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October 19, 2013, 06:04:15 PM
 #17819

These days i have seen valid efforts to push share price up , are we heading for massive dump ?

bitmoon
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October 19, 2013, 06:12:58 PM
 #17820

These days i have seen valid efforts to push share price up , are we heading for massive dump ?

i expect cheap holders will dump.  btw lab lost many shareholders, thats what i believe.

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