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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1039734 times)
drawingthesun
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September 11, 2013, 04:51:08 PM
 #6921

Maybe the reason they do solo mining is because they don't have the 2Th/s yet. I am a shareholder and really want things go well

I understand that Solo mining at 2 TH is a bad idea, but is it a bad idea if you are constantly adding to the hash rate like labcoin is supposedly doing?

Yes its a bad idea. For a 3% penalty they should be pool mining, because every difficulty they miss they are never ever getting back.

In fact they should be pool mining all the way up to 20th/s.
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auto2nr1
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September 11, 2013, 04:55:15 PM
 #6922

Initiating a panic selling frenzy based on irrational fear will likely be more difficult for manipulators now that burnside has confirmed LC founders are holding at least as large a stake as they said they would. We already know labcoin management flat out stinks at communicating. We already know they've provided very little proof. In the absence of new information I don't really see the impetus to sell, particularly as they've said they'd provide additional information "in a few days", "soonTM", and "in 48hrs". They've also said they'd increase to 4Th by next Monday.

Can you provide a link to Burnside's confirmation? Thanks.
richard_dein
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September 11, 2013, 04:57:59 PM
 #6923

Initiating a panic selling frenzy based on irrational fear will likely be more difficult for manipulators now that burnside has confirmed LC founders are holding at least as large a stake as they said they would. We already know labcoin management flat out stinks at communicating. We already know they've provided very little proof. In the absence of new information I don't really see the impetus to sell, particularly as they've said they'd provide additional information "in a few days", "soonTM", and "in 48hrs". They've also said they'd increase to 4Th by next Monday.

Can you provide a link to Burnside's confirmation? Thanks.

Did a search: https://bitcointalk.org/index.php?topic=125629.msg3125212#msg3125212
creativex
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September 11, 2013, 04:58:43 PM
 #6924

Initiating a panic selling frenzy based on irrational fear will likely be more difficult for manipulators now that burnside has confirmed LC founders are holding at least as large a stake as they said they would. We already know labcoin management flat out stinks at communicating. We already know they've provided very little proof. In the absence of new information I don't really see the impetus to sell, particularly as they've said they'd provide additional information "in a few days", "soonTM", and "in 48hrs". They've also said they'd increase to 4Th by next Monday.

Can you provide a link to Burnside's confirmation? Thanks.

Burnside,

can you confirm whether LABCOIN has provided you accounts to lock as per
https://bitcointalk.org/index.php?topic=263445.msg2896819#msg2896819

Quote
How will you show transparency with the 75% retained shares? the IPO manager will arrange some kind of way for burnside to release that information



I have not been handed a list unless I missed it somewhere.

I hope the LABCOIN guys don't mind me disclosing this.  Over 85% of the 3 million shares have not left a specific account I know is held in the Labcoin name.  The other 15% could easily be held in any of the next few top shareholders, but I am not privy to who is who without some assistance.

Edit/add: and this account is not locked.  I will not lock it without a specific request from the owner.

Burnside

I believe the time has come for this to be resolved and it is no longer a background issue - time has come in this particular instance as owner and administrator of exchange to demonstrate a reasonable level of concern for customers finances, and locking of LABCOIN security, pending resolution should start. No update has been forwarded via the issuer as yet even though it has been promised. This to me suggests evidence of cheating, lying from one or both parties.

I would like to remind that anyone that is aware of and has the power to investigate or terminate, yet allows unfettered operation of fraudulent investment schemes- that is happy to bury their head in the sand as long as it is earning them profits becomes an accessory, or an accomplice and could potentially be in for a rude awakening

"Nothing is verified."  It's at the top of every single page.

I do not (nor does ANY regulatory body anywhere) have the ability to track every single promise a person makes, nor the ability to enforce follow-through on such promises.

If you're nervous about it, don't get involved with that asset.  (Seriously.  Stay away from anything that you have any reservations on.)

If you do get involved of your own free will make sure you read the Disclosures, the ToS, and have the cahones to take responsibility for your own actions.

Cheers.

https://bitcointalk.org/index.php?topic=125629.msg3125212#msg3125212

drawingthesun
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September 11, 2013, 05:05:41 PM
 #6925

Online.
creativex
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September 11, 2013, 05:06:15 PM
 #6926

Yes you are. Wink

drawingthesun
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September 11, 2013, 05:10:28 PM
 #6927

Yes you are. Wink

This is true. Smiley
boyohi
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September 11, 2013, 05:13:20 PM
 #6928


I don't believe you. Angry
drawingthesun
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September 11, 2013, 05:15:03 PM
 #6929


Online, I am.
jeffhuys
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September 11, 2013, 05:15:50 PM
 #6930


I think, therefore I am online.

drawingthesun
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September 11, 2013, 05:22:01 PM
 #6931


I hash, therefore I am.
foxykah
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September 11, 2013, 05:40:09 PM
 #6932


Proof required.

Good things come to those who wait.
alphaking
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September 11, 2013, 05:41:03 PM
 #6933

online

https://bitcointalk.org/index.php?action=profile;u=90389
bobsag3
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September 11, 2013, 05:41:39 PM
 #6934

Better than Bronies, this is.
jeffhuys
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September 11, 2013, 05:42:03 PM
 #6935


He's online about 8 times a day... Says nothing.

AngelSky
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September 11, 2013, 05:42:23 PM
 #6936


labcoin is offline and it's 1:35 AM in China, so we'll have to wait a little bit.

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▬▬▬▬▬▬▬▬▬▬   Whitepaper   Twitter   Slack   Bitcointalk   ▬▬▬▬▬▬▬▬▬▬
..PUTTING TRADITIONAL FINANCIAL ASSETS ON-CHAIN..
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JimiQ84
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September 11, 2013, 05:42:33 PM
 #6937


just reads and laughs
limbaugh
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September 11, 2013, 05:42:52 PM
 #6938

There is another sell off brewing.....
drawingthesun
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September 11, 2013, 05:44:07 PM
 #6939


Only the Sith deal in absolutes, proof required, not.
drawingthesun
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September 11, 2013, 05:45:26 PM
 #6940

There is another sell off brewing.....

Well once enough people sell there will be news!

So someone sell lots and lots! The news will magically happen.
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