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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1040797 times)
creativex
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September 12, 2013, 01:24:09 AM
 #7161

Yes. Sparmann's involvement in this project is one of the best reasons NOT to sell.

TheSwede75 is just a mouthpiece. If Michael was wasting his time posting instead of doing what he does, then it'd definitely be time to sell.

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Vigil
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September 12, 2013, 01:29:09 AM
 #7162

Yes. Sparmann's involvement in this project is one of the best reasons NOT to sell.

TheSwede75 is just a mouthpiece. If Michael was wasting his time posting instead of doing what he does, then it'd definitely be time to sell.
But we just found out he isn't really involved in the current phase of Labcoin, he only offered some advisory information on the 65nm chips.
creativex
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September 12, 2013, 01:32:30 AM
 #7163

Nope. You have it backwards.

...and we didn't "find out" *I* posted the comments you're referencing.

http://bcoinnews.com/2013/08/08/labcoin-the-seven/

Vigil
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September 12, 2013, 01:36:51 AM
 #7164

Nope. You have it backwards.

...and we didn't "find out" *I* posted the comments you're referencing.

http://bcoinnews.com/2013/08/08/labcoin-the-seven/
Well, great job. But I don't have it backwards.

Quote
I can’t really comment on that because I wasn’t involved in the development of them besides giving them some general hints what can be optimized etc.
<[7]> i’m mostly involved with the second generation chips
<jborkl> 65nm chips?
<[7]> yes, they are actually developing something, definitely. I just can’t comment on how successful it will be

He says he can't really comment on the current gen because he wasn't involved, he is mostly involved in the second generation of chips.
creativex
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September 12, 2013, 01:38:56 AM
 #7165

Correct, but you said:

Quote
he only offered some advisory information on the 65nm chips.

Which is not accurate. He's involved with the important part of labcoin's venture, and that's a huge plus.

Vigil
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September 12, 2013, 01:41:24 AM
 #7166

Correct, but you said:

Quote
he only offered some advisory information on the 65nm chips.

Which is not accurate. He's involved with the important part of labcoin's venture, and that's a huge plus.
But that says nothing about what is currently happening and whether they legitimately are generating 2TH or more. It says nothing about what the current share price should be. That is something which will become a factor in the coming months. We are trying to ascertain the current situation and judge our investment actions accordingly.
afrotec
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September 12, 2013, 01:42:56 AM
 #7167

Correct, but you said:

Quote
he only offered some advisory information on the 65nm chips.

Which is not accurate. He's involved with the important part of labcoin's venture, and that's a huge plus.

This TheSeven guy sounds like quite the dude, but can you give us a tldr on why his affiliation with LC is worth so much merit?

I've heard his name referenced many times, but I'm not familiar with his previous accomplishments at all
creativex
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September 12, 2013, 01:44:19 AM
 #7168

He's the guy you lock in the lab with a pile of chips, a pc board, and a computer and say "MAKE THIS HASH".

Vigil
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September 12, 2013, 01:44:43 AM
 #7169

Correct, but you said:

Quote
he only offered some advisory information on the 65nm chips.

Which is not accurate. He's involved with the important part of labcoin's venture, and that's a huge plus.

This TheSeven guy sounds like quite the dude, but can you give us a tldr on why his affiliation with LC is worth so much merit?

I've heard his name referenced many times, but I'm not familiar with his previous accomplishments at all
He has formed his cult of forum dwellers who will do anything to hobknob with the bigwigs on the forum for status points.
creativex
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September 12, 2013, 01:48:10 AM
 #7170

Correct, but you said:

Quote
he only offered some advisory information on the 65nm chips.

Which is not accurate. He's involved with the important part of labcoin's venture, and that's a huge plus.
But that says nothing about what is currently happening and whether they legitimately are generating 2TH or more. It says nothing about what the current share price should be. That is something which will become a factor in the coming months. We are trying to ascertain the current situation and judge our investment actions accordingly.

We can only speculate since LC isn't saying. If there's a problem with their 130nm chips then they may try to run the clock out until their 65nm chips show up. It's an information vacuum, but the 130nm chips are a stopgap anyway. The real hashrate will come from the 65nm chips.

FloatesMcgoates
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September 12, 2013, 01:51:41 AM
 #7171

Vigil you claimed out of nowhere that swede and seven were the same person because "their names are similar." I'm pretty sure you have no idea what you are talking about and should not continue any conversation on what theseven is or is not doing in relation to labcoin.
Vigil
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September 12, 2013, 01:52:23 AM
 #7172

Correct, but you said:

Quote
he only offered some advisory information on the 65nm chips.

Which is not accurate. He's involved with the important part of labcoin's venture, and that's a huge plus.
But that says nothing about what is currently happening and whether they legitimately are generating 2TH or more. It says nothing about what the current share price should be. That is something which will become a factor in the coming months. We are trying to ascertain the current situation and judge our investment actions accordingly.

We can only speculate since LC isn't saying. If there's a problem with their 130nm chips then they may try to run the clock out until their 65nm chips show up. It's an information vacuum, but the 130nm chips are a stopgap anyway. The real hashrate will come from the 65nm chips.
But if they can't get their 130nm chips running properly, how will they get the 65nm running?

This seems to be the obvious answer... the 130nm chips are not hashing anywhere near what they estimated, which is why the estimates went from 6TH to 4TH to 2TH.
afrotec
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September 12, 2013, 01:53:18 AM
 #7173

Correct, but you said:

Quote
he only offered some advisory information on the 65nm chips.

Which is not accurate. He's involved with the important part of labcoin's venture, and that's a huge plus.
But that says nothing about what is currently happening and whether they legitimately are generating 2TH or more. It says nothing about what the current share price should be. That is something which will become a factor in the coming months. We are trying to ascertain the current situation and judge our investment actions accordingly.

We can only speculate since LC isn't saying. If there's a problem with their 130nm chips then they may try to run the clock out until their 65nm chips show up. It's an information vacuum, but the 130nm chips are a stopgap anyway. The real hashrate will come from the 65nm chips.

If that's the case it seems like a long time to keep shareholders in the dark.

Also a waste of money for the first batch of chips
Vigil
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September 12, 2013, 01:54:11 AM
 #7174

Vigil you claimed out of nowhere that swede and seven were the same person because "their names are similar." I'm pretty sure you have no idea what you are talking about and should not continue any conversation on what theseven is or is not doing in relation to labcoin.
Kiss my ass, who made you the forum authority? I am speculating just like everyone else here. The names are eerily similar, so maybe "TheSwede75" was trying to have his name sound like "TheSeven".
creativex
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September 12, 2013, 01:57:11 AM
 #7175

Correct, but you said:

Quote
he only offered some advisory information on the 65nm chips.

Which is not accurate. He's involved with the important part of labcoin's venture, and that's a huge plus.
But that says nothing about what is currently happening and whether they legitimately are generating 2TH or more. It says nothing about what the current share price should be. That is something which will become a factor in the coming months. We are trying to ascertain the current situation and judge our investment actions accordingly.

We can only speculate since LC isn't saying. If there's a problem with their 130nm chips then they may try to run the clock out until their 65nm chips show up. It's an information vacuum, but the 130nm chips are a stopgap anyway. The real hashrate will come from the 65nm chips.

If that's the case it seems like a long time to keep shareholders in the dark.

Also a waste of money for the first batch of chips

Yes, LC is not being transparent.

Shareholders didn't fund the first batch remember? They used the funds for the second gen chips. The first batch was already funded(according to LC).

afrotec
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September 12, 2013, 01:58:16 AM
 #7176

I think you're stretching things a bit Vigil.
Ytterbium
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September 12, 2013, 01:59:22 AM
 #7177

Vigil you claimed out of nowhere that swede and seven were the same person because "their names are similar." I'm pretty sure you have no idea what you are talking about and should not continue any conversation on what theseven is or is not doing in relation to labcoin.
Kiss my ass, who made you the forum authority? I am speculating just like everyone else here. The names are eerily similar, so maybe "TheSwede75" was trying to have his name sound like "TheSeven".

lolwhat?

redbeans2012
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September 12, 2013, 02:00:28 AM
 #7178


Dunt dunt dunn....


Quoting Clock for excitement
JohnyBigs
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September 12, 2013, 02:00:37 AM
 #7179

Why don't you all just STFU and wait for the next update when ever that is then you can bitch and moan for whatever dumb reason we don't need another 40 pages till then
yuansuyi
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September 12, 2013, 02:04:21 AM
 #7180

I guess Vigil has just sold all shares, and he wants cheap shares eagerly.

Do not try too hard my boy, there will be a dump, you have to wait patiently.
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