JWU90
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August 09, 2013, 05:45:54 PM |
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You guys are missing the point. I m not going to speculate on whether VBS has ulterior motives or not, as I don't care. It seems clear that he has some good technical knowledge and knows what questions to ask - that's good enough for me and I m glad he's around.
My The problem is LC not answering.
calm down. The Q&A just happened yesterday.
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Luckybit
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August 09, 2013, 05:49:52 PM |
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You guys are missing the point. I m not going to speculate on whether VBS has ulterior motives or not, as I don't care. It seems clear that he has some good technical knowledge and knows what questions to ask - that's good enough for me and I m glad he's around.
My The problem is LC not answering.
Delicate investors need to sit down and have a modern cocktail Check on the prices in 2-3 months.
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Mabsark
Legendary
Offline
Activity: 826
Merit: 1004
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August 09, 2013, 05:54:28 PM |
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You guys are missing the point. I m not going to speculate on whether VBS has ulterior motives or not, as I don't care. It seems clear that he has some good technical knowledge and knows what questions to ask - that's good enough for me and I m glad he's around.
My The problem is LC not answering.
Agree. As a investor of Labcoin, I welcome all point raised by any one, specially a potential competitor as I, "blinded by greed" investor might of missed. Vbs, do not stop what you do best because of some "critic". If we were all silenced by self righteous critics, this forum would be dead. I never asked Vbs to stop posting or even hinted at that. I never claimed that he doesn't know what he's talking about or that he's spreading FUD. I just said I found it funny that people were placing so much trust in him without having any reason to.
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N_S
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August 09, 2013, 06:00:55 PM |
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I never asked Vbs to stop posting or even hinted at that. I never claimed that he doesn't know what he's talking about or that he's spreading FUD.
I just said I found it funny that people were placing so much trust in him without having any reason to.
I feel I can trust the guy mostly due to the way I've seen him behave on here. He doesn't launch into attacks (as far as I've seen), conducts himself properly, adds to the discussion, and asks meaningful questions. Given that we can't verify the trustworthiness of just about anyone on here, we're left to form opinions based on actions we see.
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tucenaber
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August 09, 2013, 06:10:40 PM |
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You guys are missing the point. I m not going to speculate on whether VBS has ulterior motives or not, as I don't care. It seems clear that he has some good technical knowledge and knows what questions to ask - that's good enough for me and I m glad he's around.
My The problem is LC not answering.
Delicate investors need to sit down and have a modern cocktail Check on the prices in 2-3 months. That's not smart. I think "trust but verify" is the better strategy. We need to keep them honest, and right now there is a problem with communication.
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E.Sam
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August 09, 2013, 06:29:23 PM |
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You guys are missing the point. I m not going to speculate on whether VBS has ulterior motives or not, as I don't care. It seems clear that he has some good technical knowledge and knows what questions to ask - that's good enough for me and I m glad he's around.
My The problem is LC not answering.
Delicate investors need to sit down and have a modern cocktail Check on the prices in 2-3 months. That's not smart. I think "trust but verify" is the better strategy. We need to keep them honest, and right now there is a problem with communication. That's all I m saying. Take 5 minutes to write an mail to Burnside about locking the assets, take 10 minutes to answer VBS question. Then Luckybit can serve me a French 75
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boyohi
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August 09, 2013, 09:50:37 PM |
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You guys are missing the point. I m not going to speculate on whether VBS has ulterior motives or not, as I don't care. It seems clear that he has some good technical knowledge and knows what questions to ask - that's good enough for me and I m glad he's around.
My The problem is LC not answering.
Delicate investors need to sit down and have a modern cocktail Check on the prices in 2-3 months. I'll sip on a martini and enjoy the show. Most people here do make good points but its the one or two that just blows up and scream murder. Diversify you investments, yo.
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Ytterbium
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August 09, 2013, 09:55:21 PM |
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Until I see where the 3 million shares are, I consider this a scam. Why aren't you showing us your portfolios?
If this is a scam they can just run off with the IPO bitcoin, they don't need to try to dump shares into an incredibly illiquid market. There aren't enough buyers to get that much stock. If you don't trust them then just sell You guys are missing the point. I m not going to speculate on whether VBS has ulterior motives or not, as I don't care. It seems clear that he has some good technical knowledge and knows what questions to ask - that's good enough for me and I m glad he's around.
My The problem is LC not answering.
No it doesn't. He's asking moronic questions, every chip is different and some results won't be known until the chip is actually finished. If you don't have the technical knowledge to evaluate this proposal yourself, you should not be investing, or wait until they have working chips.
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E.Sam
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August 09, 2013, 10:47:28 PM |
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Until I see where the 3 million shares are, I consider this a scam. Why aren't you showing us your portfolios?
If this is a scam they can just run off with the IPO bitcoin, they don't need to try to dump shares into an incredibly illiquid market. There aren't enough buyers to get that much stock. If you don't trust them then just sell You guys are missing the point. I m not going to speculate on whether VBS has ulterior motives or not, as I don't care. It seems clear that he has some good technical knowledge and knows what questions to ask - that's good enough for me and I m glad he's around.
My The problem is LC not answering.
No it doesn't. He's asking moronic questions, every chip is different and some results won't be known until the chip is actually finished. If you don't have the technical knowledge to evaluate this proposal yourself, you should not be investing, or wait until they have working chips. I m not sure any IPO would be successful if only tech savy investors were participating. Understanding the risks by engaging discussion with forum members who have the knowledge is what I m more after, but thanks for caring - I m touched. At least, you might have got through to the shareholder who just dumped 120K shares.
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LordMeowMeow
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August 09, 2013, 11:06:43 PM |
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Where did the liquidity go anyway? Just a lull waiting for real news? I am guessing September/October will be really interesting
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Ytterbium
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August 09, 2013, 11:08:21 PM |
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I m not sure any IPO would be successful if only tech savy investors were participating. Understanding the risks by engaging discussion with forum members who have the knowledge is what I m more after, but thanks for caring - I m touched. After the IPO there were a bunch of people who complained they couldn't get stock, while at the same time they basically admitted they were planning to flip them immediately. But honestly, it's the truth... if there aren't enough tech savvy investors to make this work, then these IPOs actually shouldn't be funded. It would be way to easy to scam people who can't properly evaluate the risk. At least until the chip is finished. At least, you might have got through to the shareholder who just dumped 120K shares.
*shrug* More cheap shares fore me Note that it would only take 5Btc to get the share price back up to .0014, and 50Btc to get the share price to .0015. I think people need to look more closely at the market depth when evaluating the 'price'. A handful of shares trading at a low price isn't that big of a deal. Anyway, the real news comes when the first chips leave the fab either they work, or they don't. If they work, the share price should go up a great deal. If they don't, then everyone is fucked. Freaking out about the founders being able to sell - there isn't enough liquidity in the market for them to make much money at this point at all. It's a non-issue. The only risk is that they personally dump shares before bad news. If they actually believe their chips will work they would be insane to sell now (And remember, they spent tons of their own money to develop the chips and order the first batch). But like I said, there's not enough liquidity for them to sell even if they wanted too. ___ And let's actually look at the math on that liquidity: Other then a huge order at 0.00001, the smallest order is for 3,000 shares at 0.0003. 30% of the IPO price. They'd all take 435BTC in total if they filled every single order at that level and higher, in exchange for 400k shares out of their 3 million. So in fact, it's actually mathematically impossible for them to sell more then 13% of their share at the moment anyway, given the current order book. (Unless they want to give away almost all of their stake in the company for 20Btc at 0.00001btc/share)
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Ytterbium
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August 09, 2013, 11:19:07 PM |
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Where did the liquidity go anyway? Just a lull waiting for real news? I am guessing September/October will be really interesting There's really no reason to buy or sell the stock at the moment, unless you need the money for something else, like IceDrill shares (lol) Note that IceDrill is paying $14/Gh/s while Labcoin will be paying $2/Gh/s.
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afrotec
Full Member
Offline
Activity: 127
Merit: 100
Coinnoisseur
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August 09, 2013, 11:37:41 PM |
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Just wanted to mention that labcoin_dev addressed this question and stated that it was a matter of translation, and they are the same person. I believe he said it was Howard W Zhenhua in english, and Zenhua Wang in chinese. Howard is a translation of one of those names to english.
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Ytterbium
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August 09, 2013, 11:50:06 PM |
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Chinese -> English names can be confusing because the family name will be the 'first' name and personal name will be the 'last' name, and people refer to eachother by family name most of the time. Then sometimes they'll 'translate' by listing family name last in English, and sometimes they won't. And of course many also have unofficial English names they go by as well.
I'm guessing: Howard = English name (obviously) Wang = Family name (Wang is a common Chinese last name) Zhenghua = personal name.
In Chinese people would call him Wang Zhenghua. I think.
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tucenaber
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August 10, 2013, 12:08:55 AM |
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If they want customers they need to act like professionals. That they have failed at so far. It's only been a week and they have broken their one and only promise already. And that was a really easy one. Not a good sign.
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physalis
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August 10, 2013, 12:11:35 AM |
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If they want customers they need to act like professionals. That they have failed at so far. It's only been a week and they have broken their one and only promise already. And that was a really easy one. Not a good sign.
They have broken *what* promise exactly?
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cchan
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August 10, 2013, 12:12:04 AM |
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Chinese -> English names can be confusing because the family name will be the 'first' name and personal name will be the 'last' name, and people refer to eachother by family name most of the time. Then sometimes they'll 'translate' by listing family name last in English, and sometimes they won't. And of course many also have unofficial English names they go by as well.
I'm guessing: Howard = English name (obviously) Wang = Family name (Wang is a common Chinese last name) Zhenghua = personal name.
In Chinese people would call him Wang Zhenghua. I think.
correct. Zhenghua is like the first name in English. By the way, where do you find his first name?
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Ytterbium
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August 10, 2013, 12:13:19 AM |
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If they want customers they need to act like professionals. That they have failed at so far. It's only been a week and they have broken their one and only promise already. And that was a really easy one. Not a good sign.
Uh, they aren't looking for customers. They are self-mining operation, and they already have the funding they need to produce their chips. If they want customers they need to act like professionals. That they have failed at so far. It's only been a week and they have broken their one and only promise already. And that was a really easy one. Not a good sign.
They have broken *what* promise exactly? I assume their pledge to prove they can't sell more then 25% their personal shares. Which they are working on doing with burnside. I will laugh if doing that actually causes the share price to go up, as it is actually impossible for them to sell more then 13% of their shares given the current order book!
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LordMeowMeow
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August 10, 2013, 12:14:44 AM |
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If they want customers they need to act like professionals. That they have failed at so far. It's only been a week and they have broken their one and only promise already. And that was a really easy one. Not a good sign.
They haven't been perfect. But compared to any of the other IPOs currently launched they are heads and shoulders above the rest in the communications and transparency department. BTC Garden insults its investors in their own thread. AcTM rarely updates and IMO seems really high risk. IceDrill is well... not convincing me and the price/hash is much higher than Labcoin.
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tucenaber
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August 10, 2013, 12:40:36 AM |
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If they want customers they need to act like professionals. That they have failed at so far. It's only been a week and they have broken their one and only promise already. And that was a really easy one. Not a good sign.
Uh, they aren't looking for customers. They are self-mining operation, and they already have the funding they need to produce their chips. But they do. At least according to their previous statements. Self-mining is one option and selling mining equipment is another. If they want customers they need to act like professionals. That they have failed at so far. It's only been a week and they have broken their one and only promise already. And that was a really easy one. Not a good sign.
They have broken *what* promise exactly? I assume their pledge to prove they can't sell more then 25% their personal shares. Which they are working on doing with burnside. I will laugh if doing that actually causes the share price to go up, as it is actually impossible for them to sell more then 13% of their shares given the current order book! How do you know what they are working on?
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