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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058520 times)
hasher87
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September 04, 2013, 03:49:56 PM
 #5241

amazing company!

so glad i cancelled my 0.0033 asking price!!

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"Apparently, so I am told, there exist "people" who prefer to wipe sitting down. From the front. Initial research indicates it could be up to half the population." -- benjamindees
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drawingthesun
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September 04, 2013, 03:49:59 PM
 #5242

Do you know how much AM is planning to have online by end of year?

1000 TH/s
Tafelpoot
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September 04, 2013, 03:50:18 PM
 #5243

now this is really delicious oO
Mabsark
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September 04, 2013, 03:50:33 PM
 #5244

As we already stated, chip documentation isn't ready yet for public distribution.
We will start distribution to third parties when hashing power deployed will meet the goals we have set. This is our top priority right now.
We want to mention that we have received interview requests from several well know parties, CNN and Bloomberg being the most prominent  and late progress with our 65nm design lead us to believe we will deploy 200-300 TH within 2013.  

so the documentation is not ready yet but you are going to start hashing in 6 days?

why not say 2 weeks like BFL?

The documentation is needed for third party developers who are not familiar with the chip. Why would LC need it if they have the knowledge to actually create the documentation in the first place?
TsuyokuNaritai
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September 04, 2013, 03:50:52 PM
 #5245

Anyone else noticed how precise is the timing with the updated every time share price stars droping ?

Every. Time.
So unlike some others they actually give a fuck about the shareholders and defending the share price rather than taking a vow of silence once they've got their IPO money. How awful for us!

Ytterbium
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September 04, 2013, 03:52:22 PM
 #5246

* use the trading benefits to pay dividends to shareholders to keep them interested

Labcoin doesn't pay dividends until they hash.

He's saying he'll start a company with the explicit business model of creating fake companies and doing insider trading to manipulate the prices and then pay dividends to the 'real' company using money made by manipulating prices on the fake companies.

It's a pretty ingenious, if diabolical business model. Obviously illegal in the "real" world. Possibly illegal even if you were just doing it with bitcoins.

bclcjunkie
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September 04, 2013, 03:52:27 PM
 #5247

interesting... care to share who those "others" would be?  Cheesy

Anyone else noticed how precise is the timing with the updated every time share price stars droping ?

Every. Time.
So unlike some others they actually give a fuck about the shareholders and defending the share price rather than taking a vow of silence once they've got their IPO money. How awful for us!
onecent
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September 04, 2013, 03:53:14 PM
 #5248

Amazing day and amazing company Wink
Bitcycle
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September 04, 2013, 03:53:31 PM
 #5249

It's not going to break 0.004.  Everyone lining up to give their shares away under that price, again.

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September 04, 2013, 03:54:18 PM
 #5250

interesting... care to share who those "others" would be?  Cheesy

Anyone else noticed how precise is the timing with the updated every time share price stars droping ?

Every. Time.
So unlike some others they actually give a fuck about the shareholders and defending the share price rather than taking a vow of silence once they've got their IPO money. How awful for us!

ActM springs immediately to mind.
creativex
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September 04, 2013, 03:56:49 PM
 #5251

Anyone else noticed how precise is the timing with the updated every time share price stars droping ?

Every. Time.
So unlike some others they actually give a fuck about the shareholders and defending the share price rather than taking a vow of silence once they've got their IPO money. How awful for us!

I'd like very much to adopt your take on their actions. My only reservation is that they didn't lock their shares like they said they would, so we don't know if or how much skin the founders have in this game. See the problem?

hasher87
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September 04, 2013, 03:57:01 PM
 #5252

Anyone else noticed how precise is the timing with the updates every time share price stars droping ?
Yes.
DAT TIMING
demzie
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September 04, 2013, 03:57:14 PM
 #5253

Almost Smiley

Timer removed. End time: 2013-09-12+18:00:00UTC

drawingthesun
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September 04, 2013, 03:57:20 PM
 #5254

It's not going to break 0.004.  Everyone lining up to give their shares away under that price, again.



Looks like people are going to dump back down to 0.0032
Bitcycle
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September 04, 2013, 03:59:20 PM
 #5255

It's not going to break 0.004.  Everyone lining up to give their shares away under that price, again.



Looks like people are going to dump back down to 0.0032

I think it might stabilize around 0.0037 once the people who imagine themselves to be brilliant traders are out of the way.


 Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes
San1ty
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September 04, 2013, 03:59:48 PM
 #5256

It's not going to break 0.004.  Everyone lining up to give their shares away under that price, again.



Looks like people are going to dump back down to 0.0032

Yup, You can't expect a big rally on that "news". Nothing to see here, everyone is waiting till the hashing starts.

Found my posts helpful? Consider buying me a beer :-)!:
BTC - 1San1tyUGhfWRNPYBF4b6Vaurq5SjFYWk NXT - 17063113680221230777
creativex
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September 04, 2013, 04:03:28 PM
 #5257

It's worth more than it was an hour ago so I doubt it's going back to where it was before LC posted. Previously we had assurances of 50+Th/s coming online soon with almost zero proof and now we have assurances that 200 - 300Th/s are coming online soon...also with almost zero proof. Whether you find their story credible or not, it's still an improvement.

Bitcycle
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September 04, 2013, 04:04:01 PM
 #5258

It's not going to break 0.004.  Everyone lining up to give their shares away under that price, again.



Looks like people are going to dump back down to 0.0032

Yup, You can't expect a big rally on that "news". Nothing to see here, everyone is waiting till the hashing starts.

Minus the clever scarequotes, there's actual news here.

They've been working with the chips and have encountered nothing that will throw them off schedule.

That's massively good news.

If they were fraudsters, this is when we'd start seeing excuses for a minor delay. We're not seeing that.
HuLaN
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September 04, 2013, 04:04:56 PM
 #5259

It's not going to break 0.004.  Everyone lining up to give their shares away under that price, again.



Looks like people are going to dump back down to 0.0032

Yup, You can't expect a big rally on that "news". Nothing to see here, everyone is waiting till the hashing starts.

Minus the clever scarequotes, there's actual news here.

They've been working with the chips and have encountered nothing that will throw them off schedule.

That's massively good news.

+1

THE CHIPS WORK.
TsuyokuNaritai
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September 04, 2013, 04:05:06 PM
 #5260

It's not going to break 0.004.  Everyone lining up to give their shares away under that price, again.
Looks like people are going to dump back down to 0.0032
Yup, You can't expect a big rally on that "news". Nothing to see here, everyone is waiting till the hashing starts.
Sure. Deployment & hashing date going as planned, pics coming along with attention via CNN and Bloomberg interviews, 200-300 TH this year, nothing to see here, move along. Roll Eyes

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