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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042511 times)
jeffhuys
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September 09, 2013, 10:58:33 AM
 #5901

Guys, wasn't the date September 10th? I just woke up... On September 9th.

What's all the fuss about?
We were supposed to have pictures prior to hashing on the 10th - no pictures must mean things aren't working out right.



Meh, like someone else stated. It's not as if they've been extremely open about everything. It'll come, just wait.

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creativex
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September 09, 2013, 11:01:11 AM
 #5902

If only they had a PR guy so these things could be attended to in a timely fashion...

oxideNL
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September 09, 2013, 11:08:27 AM
 #5903

I don't get the fuzz.

I've been involved with allot of IT projects. with tight deadlines
Most of the times it was working throughout the night and really almost no time to even sleep.
Considering Labcoin is quite a small team. i would be even impressed if they can make the deadline exactly on time.
Remember the IC's and PCB's were delivered just 2 weeks ago. and the thumb rule is, everything that can go wrong will most likely Smiley
I bet their working their asses off right now trying to get it stable and hashing.

Even a batch of resistors who have bigger tolerance than expected can trow off the deadline, result all the boards must be re-soldered with another batch of resistors.
creativex
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September 09, 2013, 11:16:25 AM
 #5904

I don't get the fuzz.

I've been involved with allot of IT projects. with tight deadlines
Most of the times it was working throughout the night and really almost no time to even sleep.
Considering Labcoin is quite a small team. i would be even impressed if they can make the deadline exactly on time.
Remember the IC's and PCB's were delivered just 2 weeks ago. and the thumb rule is, everything that can go wrong will most likely Smiley
I bet their working their asses off right now trying to get it stable and hashing.

Even a batch of resistors who have bigger tolerance than expected can trow off the deadline, result all the boards must be re-soldered with another batch of resistors.

...but THEY are setting these timelines. Also THEY have a guy that lacks technical skillz but whose (only?) job is to liaise with shareholders. It's beyond dumb to set timelines of your own choosing and then miss them. While they haven't done that in this instance yet, they have done this in the past and TOO BUSY doesn't cut it, because they have a guy whose job description is talking.

jmutch
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September 09, 2013, 11:18:14 AM
 #5905

hang on a second. whats the go with the fake screenshot?

It's hard to take anything seriously after that.

I vaguely remember the 12th getting dropped? Then I remember "Labcoin" said 10th.

I feel like people are placing to much on these exact dates....dates usually don't mean sh*t in the btc world....you guys all know that

As long as they give a status update on the dates they drop i'm happy




Pompobit
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September 09, 2013, 11:19:42 AM
 #5906

I don't get the fuzz.

I've been involved with allot of IT projects. with tight deadlines
Most of the times it was working throughout the night and really almost no time to even sleep.
Considering Labcoin is quite a small team. i would be even impressed if they can make the deadline exactly on time.
Remember the IC's and PCB's were delivered just 2 weeks ago. and the thumb rule is, everything that can go wrong will most likely Smiley
I bet their working their asses off right now trying to get it stable and hashing.

Even a batch of resistors who have bigger tolerance than expected can trow off the deadline, result all the boards must be re-soldered with another batch of resistors.

...but THEY are setting these timelines. Also THEY have a guy that lacks technical skillz but whose (only?) job is to liaise with shareholders. It's beyond dumb to set timelines of your own choosing and then miss them. While they haven't done that in this instance yet, they have done this in the past and TOO BUSY doesn't cut it, because they have a guy whose job description is talking.

+1
TMAN
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September 09, 2013, 11:21:01 AM
 #5907

But he still needs to talk to a team who are working like crazy to get us hashing. He has no authority he is a mouthpiece only

AngelSky
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September 09, 2013, 11:25:59 AM
 #5908

I don't get the fuzz.

I've been involved with allot of IT projects. with tight deadlines
Most of the times it was working throughout the night and really almost no time to even sleep.
Considering Labcoin is quite a small team. i would be even impressed if they can make the deadline exactly on time.
Remember the IC's and PCB's were delivered just 2 weeks ago. and the thumb rule is, everything that can go wrong will most likely Smiley
I bet their working their asses off right now trying to get it stable and hashing.

Even a batch of resistors who have bigger tolerance than expected can trow off the deadline, result all the boards must be re-soldered with another batch of resistors.

...but THEY are setting these timelines. Also THEY have a guy that lacks technical skillz but whose (only?) job is to liaise with shareholders. It's beyond dumb to set timelines of your own choosing and then miss them. While they haven't done that in this instance yet, they have done this in the past and TOO BUSY doesn't cut it, because they have a guy whose job description is talking.

If they deliver on time it will be the first ever company to do it so. People are used to the usual SOON(tm) and Labcoin could take advantage of the "We do what we say and we do it one time!". And do you really think there is a "talking guy" paid for that ? Common..

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creativex
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September 09, 2013, 11:26:58 AM
 #5909

But he still needs to talk to a team who are working like crazy to get us hashing. He has no authority he is a mouthpiece only

Agreed and the last time they missed a self imposed timeline, he(the mouthpiece) posted a "I got nothin'" and there was a sell off.

Edit: Let me put this another way. LC agreed to lock their shares and show evidence that they'd done so, but this did not happen. The same people can easily cause a crash in the share price by simply failing to do what they say they will. That does not smell real good.

TMAN
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September 09, 2013, 11:28:57 AM
 #5910

He is given information. He isn't part of the inner team, he isn't sat on strategy or timeline meetings. There will no doubt be a sell of from the unsteady hands, but I am not expecting news until late tomorrow

carpetbagger
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September 09, 2013, 11:47:31 AM
 #5911

Pfffffff... The least TheSwede could do is come in and tell us there's no news yet!  Cheesy

Keep clam & hodl on
camu6
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September 09, 2013, 11:52:38 AM
 #5912

Pfffffff... The least TheSwede could do is come in and tell us there's no news yet!  Cheesy

He probably got muzzled after his last fuckup. So let's rather wait for news from the source.

demzie
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September 09, 2013, 11:53:50 AM
 #5913

What will be next? Two weeks after they start hashing were going to get this drama again or every time they are going to increase hashrate?

Hope they start a new thread (news thread -> locked) or website or newsletter with news so we can forget about the FUD shit..
 
Vigil
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September 09, 2013, 11:57:34 AM
 #5914

What will be next? Two weeks after they start hashing were going to get this drama again or every time they are going to increase hashrate?

Hope they start a new thread (news thread -> locked) or website or newsletter with news so we can forget about the FUD shit..
 
FUD makes the world go round.
creativex
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September 09, 2013, 12:02:07 PM
 #5915

Historically speaking, suspending your critical thinking skillz or your objectivity while investing in crypto securities has been an expensive proposition. When people say they will do something and then don't do it there's a reason. That reason is often procrastination, but when there's money on the line there are additional motivators and these should not be glossed over.

Bitcycle
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September 09, 2013, 12:25:10 PM
 #5916

Historically speaking, suspending your critical thinking skillz or your objectivity while investing in crypto securities has been an expensive proposition. When people say they will do something and then don't do it there's a reason. That reason is often procrastination, but when there's money on the line there are additional motivators and these should not be glossed over.

Oh, look.  It's the same 3 or 4 voices trying to stir up some FUD.

Again.

As always.

YAAAAAAAAAAAAAAAWWWWWWWWWWNNNNNNNNN.

If you panic and want to know who bought your shares, look for the people who are always posting this stuff.

TMAN
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September 09, 2013, 12:30:29 PM
 #5917

Historically speaking, suspending your critical thinking skillz or your objectivity while investing in crypto securities has been an expensive proposition. When people say they will do something and then don't do it there's a reason. That reason is often procrastination, but when there's money on the line there are additional motivators and these should not be glossed over.

Oh, look.  It's the same 3 or 4 voices trying to stir up some FUD.

Again.

As always.

YAAAAAAAAAAAAAAAWWWWWWWWWWNNNNNNNNN.

If you panic and want to know who bought your shares, look for the people who are always posting this stuff.



Creatives doesn't spread fud. He asks questions that are relevant

creativex
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September 09, 2013, 12:37:16 PM
 #5918

This was just posted and deleted.

Quote
Did you take out your Labcoin holdings? I was under the impression you hold a large about of Labcoin and are wanting more.

...the answer is no. I have zero personal shares, but my company has 5k, which is obviously not a large amount. I have no intention of increasing this amount. I want LC to succeed, but I will not under any circumstances join the cheer squad.

I've found my best investing results are achieved when emotion is removed from the equation.



I know TMI, but I'm tired of fielding this stuff, and the public stuff is NOTHING compared to the PMs which are outright abusive.

Bitcycle
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September 09, 2013, 12:57:50 PM
 #5919

Historically speaking, suspending your critical thinking skillz or your objectivity while investing in crypto securities has been an expensive proposition. When people say they will do something and then don't do it there's a reason. That reason is often procrastination, but when there's money on the line there are additional motivators and these should not be glossed over.

Oh, look.  It's the same 3 or 4 voices trying to stir up some FUD.

Again.

As always.

YAAAAAAAAAAAAAAAWWWWWWWWWWNNNNNNNNN.

If you panic and want to know who bought your shares, look for the people who are always posting this stuff.



Creatives doesn't spread fud. He asks questions that are relevant


If someone "asks" the same questions over and over when they know there are no answers forthcoming, they're spreading FUD.

Bring it up once, let it go.

There's a lot of uncertainty in these markets.  That's how it is. If you can't handle it, this isn't the place for you.
hasher87
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September 09, 2013, 01:01:11 PM
 #5920

i'll be surprised if the labcoin team decided to release the news on the exact 12am on 10th September  Roll Eyes

at this time of posting, 3 hours to go! (same GMT as China here)

goddammit nad
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