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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042596 times)
N_S
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September 12, 2013, 04:46:30 AM
 #7341

It makes no sense how so much can be going wrong with all these ASIC companies.  They all seem to operate exactly the same - like ASS. Same excuses, same issues, same gameplaying and broken promises. Is there a book on this shit somewhere?

I get the feeling its a symptom of having to rely on foundries (third parties) and promising deadlines that cannot be kept.

The issue here is that the foundries know their customers in general have to be fast to market, its how you stay competitive. However I doubt these foundries have ever had customers that have a situation that each 2 week period reduces their chips effectiveness by 30%

Think about it, the foundry companies are not used to this 2 months and your chips are 10% as effective or less situation.

The ASIC companies however need to set good deadlines for the IPO otherwise they would not get the funding.

This is the issue, the ASIC companies and foundries exist in different worlds.



Well put.
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wickedgoodtrader
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September 12, 2013, 04:49:13 AM
 #7342

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


We did STFU until the last update and it came out shitting colors. Now you want us to shut the fuck up again until they come out with this amazing update and they can't even prove they are hashing? Jesus mother fucking christ, it is beyond me how fucking stupid people can possibly be.
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September 12, 2013, 04:52:10 AM
 #7343

I wonder if Swede even knows if the chips exist himself?
My guess would be No.

The swede was just a random forum poster in the other labcoin thread.  When they were thinking about going IPO, the swede gave them some tips and I guess they decided to get his help with the IPO.   I dont think he has anything to do or is even near the operations.  

The Swede IS this scam company
superduh
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September 12, 2013, 04:54:17 AM
 #7344

hackers unite! let's hack our way to the truth

ok
Vigil
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September 12, 2013, 04:57:05 AM
 #7345

Lets not forget the faked chip order documents with the Photoshopped logos and cut/paste stuff. Its clear as crystal, yet Labcoin dreams live on.
Ytterbium
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September 12, 2013, 04:58:33 AM
 #7346

Lets not forget the faked chip order documents with the Photoshopped logos and cut/paste stuff. Its clear as crystal, yet Labcoin dreams live on.

How do you think real forms are made?  You don't think it involves cutting and pasting?

Vigil
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September 12, 2013, 05:00:47 AM
 #7347

Lets not forget the faked chip order documents with the Photoshopped logos and cut/paste stuff. Its clear as crystal, yet Labcoin dreams live on.

How do you think real forms are made?  You don't think it involves cutting and pasting?
No, usually people have templates made that you can fill in or a program that takes the information and includes it in an automated thing. Logos are included in headers and such. I guess if the company is just really sloppy.

I'm just saying, when you look at all the little pieces and all the inconsistencies or the consistent broken promises it forms a big picture. We are dealing with a scam.
KCBitcoin
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September 12, 2013, 05:01:07 AM
 #7348

Lets not forget the faked chip order documents with the Photoshopped logos and cut/paste stuff. Its clear as crystal, yet Labcoin dreams live on.
Sry, i didnt realize there has been a faked chip order document presented earlier.
Can you link it?
Anotheranonlol
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September 12, 2013, 05:02:50 AM
 #7349

As said, this is a legitimate operation, and all signs should point at that if you ask your common sense.

We think we gave enough evidence that our company and achievements are real to avoid being labeled as a "scam". Our company is sitting on valuable hardware and intellectual property and we're confident we will delivery nice performances to our shareholders.

Quote from: Anonymous assistant via IRC --------
labcoin_dev: trace the similarities between all the propositions and keep an eye only on those with a solid appearance.
(06:19:59 PM) labcoin_dev: i won't talk again about competition but i suggest you guys to compare factually what we have shown and what others have shown
[12:03] <+labcoin_dev> undoubtedly ASICMINER, AVALON and maybe BFL have some kind of advantage
[12:03] <+labcoin_dev> but  we don't see how we are inferior to those vaporware companies
(06:21:58 PM) labcoin_dev: our goals are real and consistent with the amount of money raised and invested
06:25:46 PM) labcoin_dev: all the informations released are real,not sensational and grounded on reality
(06:37:36 PM) labcoin_dev: we listen to the right critics with solid foundations, but we ditch the uninformed ones. Thanks for all the trust and i'm sure we'll have a very productive fall
(06:58:26 PM) labcoin_dev: the price has the potential to rise a lot, this is a real operation and all the strong hands will benefit greatly, both from dividends and  price rise


goddamn it guys i think he have clearly shown this project is very much real
time for all FUDSTERS and weak hands to get out  Grin

on a serious note.. rare gem of important advice given below


Look for a chip magnification, like those we posted, those are a good indications of the IC being really engineered and not a lie. But don't take them either as granted, it's not so hard to manipulate an EDA tool and obtain such images, or photoshop might be an even easier option.

You need to follow the development and do your own research about the consistency of the informations posted afterwards, and it's not always easy;

I want close this post by saying that we will provide btct.co or bitfunder full indentifications documents regarding the people behind this project.

wickedgoodtrader
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September 12, 2013, 05:08:30 AM
 #7350

I want all of you to consider this:

Burnside has already confirmed that the vast majority of Labcoin shares are owned by an account he knows to be controlled by Labcoin.

If Labcoin were a scam, then the people involved would already know this, and of course would be monitoring the share price pretty closely.

As far as I understand, Burnside hasn't 'officially' locked those shares, and yet there has been no massive selloff from that account. Wouldn't you think that if it were a scam, the Labcoin account would try and get as much for those shares before they completely crashed?

But this hasn't happened.

Yes, many people here are concerned that an official response has not appeared to quell the FUD. If Labcoin were a scam, I would expect terror-filled scammers to be filling this thread with warm reassurances to prop up the price of the shares until they could squeeze out as much as they could.

Yet this hasn't happened. Why? They know it isn't a scam, and their future profits rest on the hero's portion of the dividends they will be receiving, not the price of the stock to sell off.

This is why I take their relative silence as a comforting sign. I would be far more concerned if they magically appeared at Limbaugh's sardonic tirade to attempt a 'feel good' PR response.

But please understand, I am a bear of very little brain, and long words bother me.

Because they haven't paid the fucking dividend yet when they get to raise the share price and dump! Jesus christ you guys are fucking retarded. Just because they haven't sold off all their shares at the moment doesn't mean they don't plan on doing so!
Vigil
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September 12, 2013, 05:12:23 AM
 #7351

I want all of you to consider this:

Burnside has already confirmed that the vast majority of Labcoin shares are owned by an account he knows to be controlled by Labcoin.

If Labcoin were a scam, then the people involved would already know this, and of course would be monitoring the share price pretty closely.

As far as I understand, Burnside hasn't 'officially' locked those shares, and yet there has been no massive selloff from that account. Wouldn't you think that if it were a scam, the Labcoin account would try and get as much for those shares before they completely crashed?

But this hasn't happened.

Yes, many people here are concerned that an official response has not appeared to quell the FUD. If Labcoin were a scam, I would expect terror-filled scammers to be filling this thread with warm reassurances to prop up the price of the shares until they could squeeze out as much as they could.

Yet this hasn't happened. Why? They know it isn't a scam, and their future profits rest on the hero's portion of the dividends they will be receiving, not the price of the stock to sell off.

This is why I take their relative silence as a comforting sign. I would be far more concerned if they magically appeared at Limbaugh's sardonic tirade to attempt a 'feel good' PR response.

But please understand, I am a bear of very little brain, and long words bother me.

Because they haven't paid the fucking dividend yet when they get to raise the share price and dump! Jesus christ you guys are fucking retarded. Just because they haven't sold off all their shares at the moment doesn't mean they don't plan on doing so!
And yet another one of the unfulfilled promises. "Share-locking"
demzie
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September 12, 2013, 05:13:10 AM
 #7352

Hey Virgil,

Why dont you sell and leave this thread?
Anotheranonlol
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September 12, 2013, 05:16:13 AM
 #7353

I get the feeling its a symptom of having to rely on foundries (third parties) and promising deadlines that cannot be kept.

to quote bitsyncom

Quote
2. the whole chip fabrication is very mathematically predictable based on the number of layers your ASIC has and the speed which the fabrication company can produce a layer. There is no such thing as a fabrication company giving a "fuzzy" date when it comes to when the chips will come from the assembly line. The only number that can vary is the shipping time from the fabrication company to the packaging company, but even that is no more than a few days of difference, depending on the shipping method.

Vigil
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September 12, 2013, 05:17:11 AM
 #7354

Hey Virgil,

Why dont you sell and leave this thread?
I am here because I want answers, to which I believe I am entitled.
demzie
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September 12, 2013, 05:20:09 AM
 #7355

Hey Virgil,

Why dont you sell and leave this thread?
I am here because I want answers, to which I believe I am entitled.

Why doyou care about answers if you already think its a scam?
drawingthesun
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September 12, 2013, 05:21:55 AM
 #7356

I get the feeling its a symptom of having to rely on foundries (third parties) and promising deadlines that cannot be kept.

to quote bitsyncom

Quote
2. the whole chip fabrication is very mathematically predictable based on the number of layers your ASIC has and the speed which the fabrication company can produce a layer. There is no such thing as a fabrication company giving a "fuzzy" date when it comes to when the chips will come from the assembly line. The only number that can vary is the shipping time from the fabrication company to the packaging company, but even that is no more than a few days of difference, depending on the shipping method.

Its only mathematically predictable if you factor in unforeseen developments/issues.

Funny how it can be so predictable yet Avalon is behind on its chips, BFL is behind on its chips, etc...

I'm not sure how much business you have been in, but the most seemingly simple task will break down at some point and cause delays.

You think that the world is in a optimal state and that all processes will run as if modelled in a simulator.

The fact is there have been delays in ASIC companies getting their chips. This is known and cannot be waved away due to a hypothetical best case scenario.
HuLaN
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September 12, 2013, 05:32:14 AM
 #7357

CLARIFICATION:

The "48 hour" update was made based on information I received from Sam. The problem was that when I made the update Sam had already posted an update in the thread so it became pointless.

As for speculation that somehow me and TheSeven is the same person, I can only say that this of course is not the case.

TheSwede75 you know well about alter ego of project manager...how can you be waiting for his upate
and what is identity of mystery man here?

Quote from: Anonymous assistant via IRC
(06:38:03 PM) labcoin_dev: Let's start with the Q/A session. I'm a member of the chinese staff
(06:38:14 PM) labcoin_dev colleague of H.Zhenhua
(06:44:08 PM) snapeweasley: labcoin_dev: hi,what country do you live?
(06:44:48 PM) labcoin_dev: snapeweasley : germany
(06:46:42 PM) tucenaber: labcoin_dev: but you're not TheSeven?
(06:47:32 PM) labcoin_dev: tucenaber : i'm not Michael (theSeven) confirmed. I'm an assistant
(06:47:39 PM) whois labcoin_dev
(06:47:41 PM)  descr:          AltusHost Sweden Network VPS  descr:       SE-114 51 Stockholm  geoloc:         59.32758544549428 18.072509765625   descr: 31.3.155.166


Can you (or anyone else who attended) post the full unedited Q&A session log?
I found it strange looking back how TheSwede announced that the Q&A session was just about to start but didn't attend himself in the chat room.. Being the main PR guy and all, and the IP of labocoin_dev pointing to a Swedish host..  Roll Eyes


UPDATE:

The developers are now open for live Q/A on IRC irc.freenode.org - #labcoin

Labcoin is still waiting for the Bitcointalk accounts to be whitelisted. Unfortunately I will be traveling today and have very limited Internet access for a few hours, so if someone from this thread would like to transcribe the Q/A for the forum I would be very grateful.

The Founder and the Developers WILL hold Q/A sessions and answer questions here on the forum as soon as their accounts are white-listed.
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September 12, 2013, 05:37:25 AM
 #7358

Can you (or anyone else who attended) post the full unedited Q&A session log?

This is the most we have in this thread right now:

https://bitcointalk.org/index.php?topic=263445.msg2891662#msg2891662

I think San1ty was OP in the #labcoin channel. I'll try to reach out to him later.

redbeans2012
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September 12, 2013, 05:37:50 AM
 #7359

Is there a way to monitor a team on BTC Guild? there is a team labcoin

https://bitcointalk.org/index.php?topic=241033.msg2568834#msg2568834

I dont know much about that kinda stuff.
drawingthesun
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September 12, 2013, 05:44:08 AM
 #7360

Is there a way to monitor a team on BTC Guild? there is a team labcoin

https://bitcointalk.org/index.php?topic=241033.msg2568834#msg2568834

I dont know much about that kinda stuff.

Why would they test on TRC? If they have Avalons why not just use them to mine Bitcoins?
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