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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042560 times)
yxxyun
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July 31, 2013, 03:31:23 PM
 #461

we can start the labcoin and btcgarden at same time , so every one can buy shares at IPO price ...

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TheSwede75
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July 31, 2013, 03:31:58 PM
 #462

This IPO is a clusterfuck.

I totally understand your frustration. Unfortunately all we can do is try to handle the situation as well as possible. I think that this IPO may lead to BTCT.CO developing a new system for how IPO's are voted on and released in the future, so hopefully something good will come out of this situation.
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July 31, 2013, 03:32:43 PM
 #463

I do not predict this being a problem. At least not on any 'scale' as creating a bunch of sock-puppet accounts 'just in case' seems like quite an undertaking when no solution has been posted yet. Then again, I also didn't predict the asset to be approved in 7 hours or with this interest so maybe I should just stop predicting things...  Sad

Here is what I'd do in your situation:

1) Reset all bids > 0.001 to 0.001
2) Set a cap on the number of shares each person can get
3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed.

Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for.  With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted.

vlaoou321
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July 31, 2013, 03:33:17 PM
 #464

The best way, more than 0.001 will not be allowed to buy, according to the order has purchased IPO shares. Because just want to 0.001 price IPO. Otherwise the other way to sell IPO shares.

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joele
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July 31, 2013, 03:34:17 PM
 #465

Just do the normal IPO, highest bids first.
Then the IPO fund will exceed to 7000 btc, return the extra as dividend.
foxykah
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July 31, 2013, 03:34:30 PM
 #466

I do not predict this being a problem. At least not on any 'scale' as creating a bunch of sock-puppet accounts 'just in case' seems like quite an undertaking when no solution has been posted yet. Then again, I also didn't predict the asset to be approved in 7 hours or with this interest so maybe I should just stop predicting things...  Sad

Here is what I'd do in your situation:

1) Reset all bids > 0.001 to 0.001
2) Set a cap on the number of shares each person can get
3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed.

Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for.  With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted.

+1, I support.

Good things come to those who wait.
maxmint
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July 31, 2013, 03:34:52 PM
 #467

The best way, more than 0.001 will not be allowed to buy, according to the order has purchased IPO shares. Because just want to 0.001 price IPO. Otherwise the other way to sell IPO shares.


vlaoou321: No offense, but you really should invest a little more time in making your posts understandable.

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TheSwede75
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July 31, 2013, 03:34:52 PM
 #468

I do not predict this being a problem. At least not on any 'scale' as creating a bunch of sock-puppet accounts 'just in case' seems like quite an undertaking when no solution has been posted yet. Then again, I also didn't predict the asset to be approved in 7 hours or with this interest so maybe I should just stop predicting things...  Sad

Here is what I'd do in your situation:

1) Reset all bids > 0.001 to 0.001
2) Set a cap on the number of shares each person can get
3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed.

Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for.  With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted.

Personally I have to say that I quite like this solution. I will still wait until I can get guidance by Burnside before we make any decision. As previously stated, I just don't feel confident in taking any action by myself.
foxykah
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July 31, 2013, 03:35:48 PM
 #469

I do not predict this being a problem. At least not on any 'scale' as creating a bunch of sock-puppet accounts 'just in case' seems like quite an undertaking when no solution has been posted yet. Then again, I also didn't predict the asset to be approved in 7 hours or with this interest so maybe I should just stop predicting things...  Sad

Here is what I'd do in your situation:

1) Reset all bids > 0.001 to 0.001
2) Set a cap on the number of shares each person can get
3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed.

Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for.  With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted.

+1, I support.

and this should be done with locking the asset before, then announcing this, and executing it. everybody gets their shares according to their bid volumes

Good things come to those who wait.
E.Sam
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July 31, 2013, 03:35:51 PM
 #470

The best way, more than 0.001 will not be allowed to buy, according to the order has purchased IPO shares. Because just want to 0.001 price IPO. Otherwise the other way to sell IPO shares.


vlaoou321: No offense, but you really should invest a little more time in making your posts understandable.

And here I am, thinking it was just me

limbaugh
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July 31, 2013, 03:37:06 PM
 #471



Here is what I'd do in your situation:

1) Reset all bids > 0.001 to 0.001
2) Set a cap on the number of shares each person can get
3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed.

Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for.  With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted.

Do it!
foxykah
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July 31, 2013, 03:38:14 PM
 #472

I do not predict this being a problem. At least not on any 'scale' as creating a bunch of sock-puppet accounts 'just in case' seems like quite an undertaking when no solution has been posted yet. Then again, I also didn't predict the asset to be approved in 7 hours or with this interest so maybe I should just stop predicting things...  Sad

Here is what I'd do in your situation:

1) Reset all bids > 0.001 to 0.001
2) Set a cap on the number of shares each person can get
3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed.

Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for.  With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted.

Personally I have to say that I quite like this solution. I will still wait until I can get guidance by Burnside before we make any decision. As previously stated, I just don't feel confident in taking any action by myself.

but because of these kind of options, the asset should be locked ASAP to prevent future bids, as those would lower the % of shares each of the bidders will get

Good things come to those who wait.
VinceSamios
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July 31, 2013, 03:38:31 PM
 #473



Here is what I'd do in your situation:

1) Reset all bids > 0.001 to 0.001
2) Set a cap on the number of shares each person can get
3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed.

Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for.  With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted.

Do it!

Whats stopping people then asking for 200% the shares they actually wanted.... not a solution...

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foxykah
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July 31, 2013, 03:40:21 PM
 #474



Here is what I'd do in your situation:

1) Reset all bids > 0.001 to 0.001
2) Set a cap on the number of shares each person can get
3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed.

Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for.  With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted.

Do it!

Whats stopping people then asking for 200% the shares they actually wanted.... not a solution...

it IS a solution IF it is executed WITHOUT ANY previous announcement, because that way nobody can multiply their bid volumes after the announcement.

Good things come to those who wait.
Bitcycle
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July 31, 2013, 03:42:25 PM
 #475

Just do the normal IPO, highest bids first.
Then the IPO fund will exceed to 7000 btc, return the extra as dividend.
This.

To be honest, I'm a little concerned about a company that doesn't know what to do with extra money. Is there no place the extra funds could be put to work?
camu6
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July 31, 2013, 03:42:36 PM
 #476



Here is what I'd do in your situation:

1) Reset all bids > 0.001 to 0.001
2) Set a cap on the number of shares each person can get
3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed.

Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for.  With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted.

Do it!

I like this solution too. IPO should stay at the planned IPO price, whatever the demand pre IPO is.
TheSwede75
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July 31, 2013, 03:43:26 PM
 #477

I do not predict this being a problem. At least not on any 'scale' as creating a bunch of sock-puppet accounts 'just in case' seems like quite an undertaking when no solution has been posted yet. Then again, I also didn't predict the asset to be approved in 7 hours or with this interest so maybe I should just stop predicting things...  Sad

Here is what I'd do in your situation:

1) Reset all bids > 0.001 to 0.001
2) Set a cap on the number of shares each person can get
3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed.

Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for.  With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted.

Personally I have to say that I quite like this solution. I will still wait until I can get guidance by Burnside before we make any decision. As previously stated, I just don't feel confident in taking any action by myself.

but because of these kind of options, the asset should be locked ASAP to prevent future bids, as those would lower the % of shares each of the bidders will get

Unfortunately I cannot lock the asset as an issuer, since this automatically removes all bids. Waiting for Ethan Burnside's input.
foxykah
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July 31, 2013, 03:43:32 PM
 #478



Here is what I'd do in your situation:

1) Reset all bids > 0.001 to 0.001
2) Set a cap on the number of shares each person can get
3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed.

Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for.  With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted.

Do it!

I like this solution too. IPO should stay at the planned IPO price, whatever the demand pre IPO is.

+1

Good things come to those who wait.
TheSwede75
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July 31, 2013, 03:45:21 PM
 #479

Just do the normal IPO, highest bids first.
Then the IPO fund will exceed to 7000 btc, return the extra as dividend.
This.

To be honest, I'm a little concerned about a company that doesn't know what to do with extra money. Is there no place the extra funds could be put to work?

This is not our concern. The concern is 100% to ensure that the IPO is fair. Simply releasing the asset unannounced at this point could leave several investors feeling exceptionally mishandled paying far above IPO price for their shares. And even though I realize that it is 'market pricing' and no one is forcing anyone to bid over IPO price I am not willing to make this decision myself at this point.
foxykah
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July 31, 2013, 03:45:44 PM
 #480

I do not predict this being a problem. At least not on any 'scale' as creating a bunch of sock-puppet accounts 'just in case' seems like quite an undertaking when no solution has been posted yet. Then again, I also didn't predict the asset to be approved in 7 hours or with this interest so maybe I should just stop predicting things...  Sad

Here is what I'd do in your situation:

1) Reset all bids > 0.001 to 0.001
2) Set a cap on the number of shares each person can get
3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed.

Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for.  With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted.

Personally I have to say that I quite like this solution. I will still wait until I can get guidance by Burnside before we make any decision. As previously stated, I just don't feel confident in taking any action by myself.

but because of these kind of options, the asset should be locked ASAP to prevent future bids, as those would lower the % of shares each of the bidders will get

Unfortunately I cannot lock the asset as an issuer, since this automatically removes all bids. Waiting for Ethan Burnside's input.

then maybe this should be done with also taking timestamps into consideration

Good things come to those who wait.
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