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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058520 times)
Pale Phoenix
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August 28, 2013, 08:16:56 PM
 #4301

Tell me about it.  You should have seen Mabsark on the AM thread for weeks with this kind of nonsense.  It was really annoying.  Especially since he doesn't apply the same competition metric to LC.  And since he doesn't I can only assume that he was disingenuous.

I can't speak for him, obviously, but I think his point was that competition was a real threat to AM's lofty valuation at the time. AM's margins were almost certain to fall, followed by its share price, when it was no longer the only game in town.

In the case of LC, the share price is relatively low, so competition is less of an issue right now. Even if LC captures a very small portion of the network, the shares have room to grow. The risk with LC now isn't competition, it is that it's a total failure... any other outcome should provide at least a small return, with the possibility for a 10x payday.

So, considered in the short term, I don't think his arguments are logically inconsistent. In the long term, it seems like one guess is as good as another.

Edit: that's what I get for refilling my coffee before saving my post. Smiley Mabsark has already answered above.

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deltanine
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August 28, 2013, 08:20:25 PM
 #4302

What's so hilarious to me, is that I've been saying that AM price would drop to 2.x due to competition for months now and Vela and his buds from the AM spec thread called me a troll, delusional and that the price would soon hit 10 BTC.

Vela's predictions are based on hopes and wishes.

No. I simply stated that Labcoin's 2nd gen ASIC will not be that long behind AM's. Do you not understand English?

AM's 2nd gen chips will be out later than KnC's 28nm ASICs. AM is therefore clearly doomed to failure!!!!!

AM is doomed by future competition?  And how is Labcoin immune to competition that already exists?

Who is hoping and wishing now?

That was sarcasm. And really, not even subtle.

Well he may be guilty of overstating his true feelings but its not quite sarcasm because Mabsark harped on competition for AM for weeks and weeks.  And as of yet he has no concern about the competition labcoin faces.

Labcoin isn't selling at 5 BTC per share!

But what does this have to do with the existing competition Labcoin faces?  If you are correct and AM price fell due to future competition, why are you not concerned about Labcoin's immediate competition?

My complaint with AM was that it's share price was too high due to it having a monopoly and that competition would bring it down to reasonable levels. How could that possibly apply to Labcoin? Labcoin's share price is extremely undervalued and competition will exist from day 1.

This isn't rocket science and should be incredibly simple to understand.

Well, Labcoin doesn't yet have competition because it is not yet competing.  Once they step into the ring we'll see how they fair.

But if your opinion is that competition is already priced in, I can respect that.  I think LC will find that competition is quite a bit more ferocious than they(and you) assume.  And they will find out this after they discover how difficult it is to build an asic manufacturing company and a substantial hashing farm.

Freedom is a state of mind, and then Bitcoin comes along.....
-S4VV4S
deltanine
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August 28, 2013, 08:23:02 PM
 #4303

Tell me about it.  You should have seen Mabsark on the AM thread for weeks with this kind of nonsense.  It was really annoying.  Especially since he doesn't apply the same competition metric to LC.  And since he doesn't I can only assume that he was disingenuous.

I can't speak for him, obviously, but I think his point was that competition was a real threat to AM's lofty valuation at the time. AM's margins were almost certain to fall, followed by its share price, when it was no longer the only game in town.

In the case of LC, the share price is relatively low, so competition is less of an issue right now. Even if LC captures a very small portion of the network, the shares have room to grow. The risk with LC now isn't competition, it is that it's a total failure... any other outcome should provide at least a small return, with the possibility for a 10x payday.

So, considered in the short term, I don't think his arguments are logically inconsistent. In the long term, it seems like one guess is as good as another.

Edit: that's what I get for refilling my coffee before saving my post. Smiley Mabsark has already answered above.

I liked your answer better than Mabsark's because it lacked the snarkiness of a "rocket science" comment. Smiley

Freedom is a state of mind, and then Bitcoin comes along.....
-S4VV4S
Mabsark
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August 28, 2013, 08:23:10 PM
 #4304

Allocate funds according to your risk appetite, and remember that it isn't an either / or proposal.
SO VERY MUCH OF THIS.

I find it really sad that people believe that "this is a great investment" or "this is a horrible investment" is true for everyone else on Earth because it doesn't fit their own ideal. There are a number of highly respected posters on this board (and loathed ones, too) who are of the mindset that their opinion is the only one that matters... but it's logically unsound to project a subjective decision onto others.

Everyone has different goals and methods. What's good for you may not be for someone else, and vice versa. Keep this in mind when you guys talk in absolute terms.

Tell me about it.  You should have seen Mabsark on the AM thread for weeks with this kind of nonsense.  It was really annoying.  Especially since he doesn't apply the same competition metric to LC.  And since he doesn't I can only assume that he was disingenuous.

You call it "nonsense" because it went against the circlejerk of "10 BTC" and "to the moon...", yet it turned out to be right. How is that "nonsense"? And I do apply that same logic to Labcoin. It's just that Labcoin isn't extremely overvalued and benefiting from a monopoly. Labcoin's situation is pretty much the polar opposite of AM's.
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August 28, 2013, 08:27:18 PM
 #4305

Allocate funds according to your risk appetite, and remember that it isn't an either / or proposal.
SO VERY MUCH OF THIS.

I find it really sad that people believe that "this is a great investment" or "this is a horrible investment" is true for everyone else on Earth because it doesn't fit their own ideal. There are a number of highly respected posters on this board (and loathed ones, too) who are of the mindset that their opinion is the only one that matters... but it's logically unsound to project a subjective decision onto others.

Everyone has different goals and methods. What's good for you may not be for someone else, and vice versa. Keep this in mind when you guys talk in absolute terms.

Tell me about it.  You should have seen Mabsark on the AM thread for weeks with this kind of nonsense.  It was really annoying.  Especially since he doesn't apply the same competition metric to LC.  And since he doesn't I can only assume that he was disingenuous.

You call it "nonsense" because it went against the circlejerk of "10 BTC" and "to the moon...", yet it turned out to be right. How is that "nonsense"? And I do apply that same logic to Labcoin. It's just that Labcoin isn't extremely overvalued and benefiting from a monopoly. Labcoin's situation is pretty much the polar opposite of AM's.

Well currently Labcoin is overvalued because it has yet to produce anything.  Mind you, I'm an investor also so I don't believe this will be the case for very much longer.  But the idea that this could go up in value 10x is putting the cart before the horse.

And I don't call it nonsense for the reason you proclaim.  It was nonsense because you went on and on about it for weeks.

Freedom is a state of mind, and then Bitcoin comes along.....
-S4VV4S
Pale Phoenix
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August 28, 2013, 08:34:45 PM
 #4306

And I don't call it nonsense for the reason you proclaim.  It was nonsense because you went on and on about it for weeks.

Here's something maybe you can both agree on, and call a truce. Smiley

Asic Miner - Amazing company!

Labcoin - Hopefully amazing company!

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August 28, 2013, 08:49:18 PM
 #4307

And I don't call it nonsense for the reason you proclaim.  It was nonsense because you went on and on about it for weeks.

Here's something maybe you can both agree on, and call a truce. Smiley

Asic Miner - Amazing company!

Labcoin - Hopefully amazing company!

Totally agree!

Freedom is a state of mind, and then Bitcoin comes along.....
-S4VV4S
VolanicEruptor
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August 28, 2013, 08:53:58 PM
 #4308

hopefully amazing bubble company.  hopefully going to get drunk now..

JohnyBigs
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August 28, 2013, 08:59:26 PM
 #4309

Question is what will happen to these companies when icedrill releases 300th.

hahaha
thanks for that, I needed a laugh!

Whats funny?  Lol
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August 28, 2013, 09:04:52 PM
 #4310

Did anybody miss this, here is the update. I thought there was no update until I just saw it on BTCT.

A note to the Swede you should have a section in thr OP where post latest update, delete old ones and replace with new updates instead of posting in the thread and it getting lost. Also a twitter account wouldn't hurt.

Status update: We have received the first chip batch and we're working full speed on finalizing the controller board design, mining will start no later than 10 September with about 3-4 TH, and to reach the full speed within October. Dividend payments will start on the same week.We again remind everyone that the team shares won't be sold. We understand the investors concerns and we will be publishing pictures of the installment as soon as we are able to, before mining will start.
AngelSky
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August 28, 2013, 09:10:15 PM
 #4311

Did anybody miss this, here is the update. I thought there was no update until I just saw it on BTCT.

A note to the Swede you should have a section in thr OP where post latest update, delete old ones and replace with new updates instead of posting in the thread and it getting lost. Also a twitter account wouldn't hurt.

Status update: We have received the first chip batch and we're working full speed on finalizing the controller board design, mining will start no later than 10 September with about 3-4 TH, and to reach the full speed within October. Dividend payments will start on the same week.We again remind everyone that the team shares won't be sold. We understand the investors concerns and we will be publishing pictures of the installment as soon as we are able to, before mining will start.

We all know that but see how the market reacts ? it's pretty funny  Grin

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Bitcycle
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August 28, 2013, 10:16:06 PM
 #4312

Did anybody miss this, here is the update. I thought there was no update until I just saw it on BTCT.

A note to the Swede you should have a section in thr OP where post latest update, delete old ones and replace with new updates instead of posting in the thread and it getting lost. Also a twitter account wouldn't hurt.

Status update: We have received the first chip batch and we're working full speed on finalizing the controller board design, mining will start no later than 10 September with about 3-4 TH, and to reach the full speed within October. Dividend payments will start on the same week.We again remind everyone that the team shares won't be sold. We understand the investors concerns and we will be publishing pictures of the installment as soon as we are able to, before mining will start.

We all know that but see how the market reacts ? it's pretty funny  Grin

Good news, price goes lower than it was before.

Oh bitcoiners, how I wish I could quit you.
HeRetiK
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August 28, 2013, 10:32:42 PM
 #4313

Good news, price goes lower than it was before.

Oh bitcoiners, how I wish I could quit you.

~ it's the circle of life...

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August 28, 2013, 10:38:40 PM
 #4314

This is better than the online poker boom. A lot of stupid money. Free money for the rest of us.
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August 28, 2013, 11:14:09 PM
 #4315

IF you received the chip aleady,Why no update before.TheSwede75 and The labcoin company,how much money you earned yesterday?
I can't turst your team anymore.
redphlegm
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August 28, 2013, 11:23:14 PM
 #4316

Quote from: rainforst001 link=topic=263445.me=1377731649
IF you received the chip aleady,Why no update before.TheSwede75 and The labcoin company,how much money you earned yesterday?
I can't turst your team anymore.

Show's over folks. Sell everything. rainforst is out of turst.

Whiskey Fund: (BTC) 1whiSKeYMRevsJMAQwU8NY1YhvPPMjTbM | (Ψ) ALcoHoLsKUfdmGfHVXEShtqrEkasihVyqW | (CGB) 5WHiSkEY8ocPHdeczVfpaGfquJK3j3Lqis
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August 28, 2013, 11:26:24 PM
 #4317

Too much uncertainty to call it right now, it could go either way.  I'm betting it will dip below .0029 before it sees .0035.

redbeans2012
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August 28, 2013, 11:39:58 PM
 #4318

Too much uncertainty to call it right now, it could go either way.  I'm betting it will dip below .0029 before it sees .0035.

I'm out till I see something concrete.   Undecided
VolanicEruptor
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August 28, 2013, 11:42:52 PM
 #4319

Too much uncertainty to call it right now, it could go either way.  I'm betting it will dip below .0029 before it sees .0035.

I'm out till I see something concrete.   Undecided



.......BUY BUY BUY

Vigil
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August 28, 2013, 11:43:56 PM
 #4320

Did anybody miss this, here is the update. I thought there was no update until I just saw it on BTCT.

A note to the Swede you should have a section in thr OP where post latest update, delete old ones and replace with new updates instead of posting in the thread and it getting lost. Also a twitter account wouldn't hurt.

Status update: We have received the first chip batch and we're working full speed on finalizing the controller board design, mining will start no later than 10 September with about 3-4 TH, and to reach the full speed within October. Dividend payments will start on the same week.We again remind everyone that the team shares won't be sold. We understand the investors concerns and we will be publishing pictures of the installment as soon as we are able to, before mining will start.

We all know that but see how the market reacts ? it's pretty funny  Grin
That is because so many people lost their asses with the panic sell due to TheSwede's comment. They can't get back in to buy. The Labcoin shares were centralized into fewer hands and they can now manipulate the price much easier.

Now they have the shares going back down to sub .0027 - its market manipulation.
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