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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1057849 times)
zy02264
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July 31, 2013, 04:32:37 PM
 #541

Since no solution at this point will be 'perfect' and we are doing the best we can I would like to apologize in advance to anyone that feels that our solution is unfair. As previously mentioned, we had no way of anticipating asset-release time or interest in the IPO.

Just pull the trigger at the stated time, release the entire amount, at the IPO price and let the market decide.

I'll provide a shoulder for anyone to cry on if their feelings got hurt for only 1btc per 5min.

Dude! You should totally set up a shoulder IPO
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boyohi
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July 31, 2013, 04:33:41 PM
 #542

Since no solution at this point will be 'perfect' and we are doing the best we can I would like to apologize in advance to anyone that feels that our solution is unfair. As previously mentioned, we had no way of anticipating asset-release time or interest in the IPO.



You definitely showed us that you're willing to communicate, so I don't think anyone can blame you or Labcoin for being unprofessional here. I for myself want to thank you for being transparent and for listening to our ideas.

Region lock for 3.5mil shares, America today at 8pm CST and Europe at a convenient time, lock price at IPO first come first serve. After all shares are sold then resume normal bidding.
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July 31, 2013, 04:34:29 PM
 #543

Since no solution at this point will be 'perfect' and we are doing the best we can I would like to apologize in advance to anyone that feels that our solution is unfair. As previously mentioned, we had no way of anticipating asset-release time or interest in the IPO.



You definitely showed us that you're willing to communicate, so I don't think anyone can blame you or Labcoin for being unprofessional here. I for myself want to thank you for being transparent and for listening to our ideas.

Region lock for 3.5mil shares, America today at 8pm CST and Europe at a convenient time, lock price at IPO first come first serve. After all shares are sold then resume normal bidding.

oh then I know the first problem: why USA first? this is a no win solution.

Good things come to those who wait.
TheSwede75
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July 31, 2013, 04:34:56 PM
 #544

Since no solution at this point will be 'perfect' and we are doing the best we can I would like to apologize in advance to anyone that feels that our solution is unfair. As previously mentioned, we had no way of anticipating asset-release time or interest in the IPO.



You definitely showed us that you're willing to communicate, so I don't think anyone can blame you or Labcoin for being unprofessional here. I for myself want to thank you for being transparent and for listening to our ideas.
+2

Thx for the kind words. I am (to put it lightly) a little overwhelmed with the response and am doing the best I can.

I think once we are through this situation and things calm down (oh please let them) I may have to write a 'takeaway' post summing up what went right, wrong, and any advice I can give to other people working with or handling communications during IPO's.
E.Sam
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July 31, 2013, 04:35:54 PM
 #545

Since no solution at this point will be 'perfect' and we are doing the best we can I would like to apologize in advance to anyone that feels that our solution is unfair. As previously mentioned, we had no way of anticipating asset-release time or interest in the IPO.



You definitely showed us that you're willing to communicate, so I don't think anyone can blame you or Labcoin for being unprofessional here. I for myself want to thank you for being transparent and for listening to our ideas.

Region lock for 3.5mil shares, America today at 8pm CST and Europe at a convenient time, lock price at IPO first come first serve. After all shares are sold then resume normal bidding.

Since I m in EU, would love to play the ethnocentric card... But isn't this a bit unfair for, let's see, the rest of the "world"?

twentyseventy
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July 31, 2013, 04:36:16 PM
 #546

Since no solution at this point will be 'perfect' and we are doing the best we can I would like to apologize in advance to anyone that feels that our solution is unfair. As previously mentioned, we had no way of anticipating asset-release time or interest in the IPO.

Just pull the trigger at the stated time, release the entire amount, at the IPO price and let the market decide.

I'll provide a shoulder for anyone to cry on if their feelings got hurt for only 1btc per 5min.

This is the correct answer. Let the market decide what to pay.
ajk
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July 31, 2013, 04:36:42 PM
 #547

Been following this thread since the inception and just want to say that this is probably the most transparent and well coordinated IPO ive seen to date, from what it seems like the demand is absolutely overwhelming and cant wait to put some coins to work with this company, hopefully I can buy faster than the bots!!!
boyohi
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July 31, 2013, 04:37:29 PM
 #548

Since no solution at this point will be 'perfect' and we are doing the best we can I would like to apologize in advance to anyone that feels that our solution is unfair. As previously mentioned, we had no way of anticipating asset-release time or interest in the IPO.



You definitely showed us that you're willing to communicate, so I don't think anyone can blame you or Labcoin for being unprofessional here. I for myself want to thank you for being transparent and for listening to our ideas.

Region lock for 3.5mil shares, America today at 8pm CST and Europe at a convenient time, lock price at IPO first come first serve. After all shares are sold then resume normal bidding.

oh then I know the first problem: why USA first? this is a no win solution.

Earliest it can be released. Labcoin announce it will release 8pm CST. The real question should be what about people that don't live in US or Europe.
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July 31, 2013, 04:39:24 PM
 #549

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.

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July 31, 2013, 04:39:33 PM
 #550

Since no solution at this point will be 'perfect' and we are doing the best we can I would like to apologize in advance to anyone that feels that our solution is unfair. As previously mentioned, we had no way of anticipating asset-release time or interest in the IPO.



You definitely showed us that you're willing to communicate, so I don't think anyone can blame you or Labcoin for being unprofessional here. I for myself want to thank you for being transparent and for listening to our ideas.

Region lock for 3.5mil shares, America today at 8pm CST and Europe at a convenient time, lock price at IPO first come first serve. After all shares are sold then resume normal bidding.

oh then I know the first problem: why USA first? this is a no win solution.

Earliest it can be released. Labcoin announce it will release 8pm CST. The real question should be what about people that don't live in US or Europe.

this is the next reason why this is not a solution

Good things come to those who wait.
forensick
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July 31, 2013, 04:39:51 PM
 #551

intersting IPO, how to get some shares, I put early order for 0.001, but seems that I will miss... anyway, thanx folks for cheap AsicMiner and ActiveMining

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zy02264
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July 31, 2013, 04:40:55 PM
 #552

Been following this thread since the inception and just want to say that this is probably the most transparent and well coordinated IPO ive seen to date, from what it seems like the demand is absolutely overwhelming and cant wait to put some coins to work with this company, hopefully I can buy faster than the bots!!!

+1

At first I just want to make a quick profit from this IPO to be honest. But now I truly have faith on your success as I see your integrity.
boyohi
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July 31, 2013, 04:41:25 PM
 #553

Since no solution at this point will be 'perfect' and we are doing the best we can I would like to apologize in advance to anyone that feels that our solution is unfair. As previously mentioned, we had no way of anticipating asset-release time or interest in the IPO.



You definitely showed us that you're willing to communicate, so I don't think anyone can blame you or Labcoin for being unprofessional here. I for myself want to thank you for being transparent and for listening to our ideas.

Region lock for 3.5mil shares, America today at 8pm CST and Europe at a convenient time, lock price at IPO first come first serve. After all shares are sold then resume normal bidding.

oh then I know the first problem: why USA first? this is a no win solution.

Earliest it can be released. Labcoin announce it will release 8pm CST. The real question should be what about people that don't live in US or Europe.

this is the next reason why this is not a solution

I'm sure its an easy fix. Just don't include regions that at an inconvenient time like 10PM-7AM.
limbaugh
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July 31, 2013, 04:41:49 PM
 #554

LOL 2 IPO's up, take your pick
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July 31, 2013, 04:41:56 PM
 #555

Solution suggestion

The IPO shares are the first 7 Million bids @ 0.001
The rest will become bid orders, they want to buy at higher price anyway, those who bought 0.001 will be happy to sell it at higher price.
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July 31, 2013, 04:44:17 PM
 #556

Solution suggestion

The IPO shares are the first 7 Million bids @ 0.001
The rest will become bid orders, they want to buy at higher price anyway, those who bought 0.001 will be happy to sell it at higher price.

I think you just described free market.

foxykah
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July 31, 2013, 04:44:47 PM
 #557

LOL 2 IPO's up, take your pick

God help, maybe this can solve all our problems.

Good things come to those who wait.
Ytterbium
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July 31, 2013, 04:45:25 PM
 #558

Up to 12.5 mill orders at or above the IPO price.

I kind of want to order more now but I'm holding off since you said not too.

I still think capping large orders and distributing shares as much as possible to smaller orders would be the most 'fair' way to do this. In the real world IPOs aren't fair at all - banks give shares to themselves and their preferred clients first.

Mabsark
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July 31, 2013, 04:46:00 PM
 #559

Since no solution at this point will be 'perfect' and we are doing the best we can I would like to apologize in advance to anyone that feels that our solution is unfair. As previously mentioned, we had no way of anticipating asset-release time or interest in the IPO.

Just pull the trigger at the stated time, release the entire amount, at the IPO price and let the market decide.

I'll provide a shoulder for anyone to cry on if their feelings got hurt for only 1btc per 5min.

This is the correct answer. Let the market decide what to pay.

And what if someone decided to buy 7,000,000 share at 0.004 BTC? Would you be happy with that? Free markets simply favour the rich and greedy. The cap and percentage idea is by far the fairest so far.
boyohi
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July 31, 2013, 04:46:24 PM
 #560

Solution suggestion

The IPO shares are the first 7 Million bids @ 0.001
The rest will become bid orders, they want to buy at higher price anyway, those who bought 0.001 will be happy to sell it at higher price.

I think you just described free market.

Free market? Blasphemy I say. Give me all 7million for free and I'll put it on the market.
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