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Moebius327
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August 13, 2013, 07:03:38 PM |
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this is messed up - no updates and Swede and sam not communicating anymore -
We do understand the need for communication but I also don't see a point in commenting on every speculation. The Labcoin plan is unchanged as stated and nothing at all has changed or happened in the last 3-4 days. When are you planning to freeze 75% of owners shares? |
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knybe
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August 13, 2013, 07:04:06 PM |
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just curious why LABCOIN is getting rag dolled on BTCT right now?
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Twilight_Sparkle
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Merit: 10
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August 13, 2013, 07:15:57 PM |
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just curious why LABCOIN is getting rag dolled on BTCT right now?
because the website went down and swede has not been active, so DOWN DOWN DOWN. then swede replyed so UP UP UP  |
1H8gQ7KEN65pbdtusg28NQ33YWFBPgWAf1
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redbeans2012
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August 13, 2013, 07:16:23 PM |
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just curious why LABCOIN is getting rag dolled on BTCT right now?
because the website went down and swede has not been active, so DOWN DOWN DOWN. then swede replyed so UP UP UP love this game |
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TheSwede75 (OP)
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August 13, 2013, 07:20:20 PM |
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this is messed up - no updates and Swede and sam not communicating anymore -
We do understand the need for communication but I also don't see a point in commenting on every speculation. The Labcoin plan is unchanged as stated and nothing at all has changed or happened in the last 3-4 days. When are you planning to freeze 75% of owners shares? It has already been stated on btct.co and here that the core group of labcoin (founder and developers) will NOT sell any excess of 25% of shares for 12 months. This is a binding agreement posted from the IPO axcount . what we are working on is simply the transparency. |
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oxideNL
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August 13, 2013, 07:42:36 PM |
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I mean the website, not securities....
the website down.。。。 not good.....
I have traced labcoin.com also 178.79.173.51 and it's in England Brockworth
It's not look like a company , it's look like someone's home........
and....... i don't know... how to trust that "labcoin" and TheSwede75
since i got no answer for anything ...
Yeah,.. but what you forgot the mention is that Linode the ISP is a VPS /Cloud provider. So the server actually hosting the site could be literally anywhere in the world. For all i know it's hidden in your basement,.. https://www.linode.com/ |
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KSGuy
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August 13, 2013, 07:58:54 PM |
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I got a nice surprise email that my low bid was picked up, adding a few more shares to my collection.  |
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twentyseventy
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Merit: 1000
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August 13, 2013, 08:00:42 PM |
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Glad to see TheSwede back - it's like people sit around trying to think up scare stories to get the price down This thing isn't going to happen overnight! |
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physalis
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August 13, 2013, 08:01:26 PM |
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It has already been stated on btct.co and here that the core group of labcoin (founder and developers) will NOT sell any excess of 25% of shares for 12 months. This is a binding agreement posted from the IPO axcount . what we are working on is simply the transparency.
Sorry, maybe it's because english isn't my first language, but what do you mean that they'll "not sell any excess of 25% of shares for 12 months"? Why doesn't it say that they'll "not sell any shares for 12 months"? Does that mean they are free to sell 25% of the companies shares (= 2,500,000 shares)? Or they are free to sell 25% of their 3,000,000 shares (= 750,000 shares)? Please clear that up for me: how many shares are they allowed to sell now, and how many are locked for 12 months? |
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E.Sam
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August 13, 2013, 08:05:53 PM |
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It has already been stated on btct.co and here that the core group of labcoin (founder and developers) will NOT sell any excess of 25% of shares for 12 months. This is a binding agreement posted from the IPO axcount . what we are working on is simply the transparency.
Sorry, maybe it's because english isn't my first language, but what do you mean that they'll "not sell any excess of 25% of shares for 12 months"? Why doesn't it say that they'll "not sell any shares for 12 months"? Does that mean they are free to sell 25% of the companies shares (= 2,500,000 shares)? Or they are free to sell 25% of their 3,000,000 shares (= 750,000 shares)? They have 3,000,000 shares. 75% (2,250,000) are locked for 12 months - the remaining 25% (750K) can be sold at any point. |
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TheSwede75 (OP)
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August 13, 2013, 08:12:16 PM |
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I mean the website, not securities....
the website down.。。。 not good.....
I have traced labcoin.com also 178.79.173.51 and it's in England Brockworth
It's not look like a company , it's look like someone's home........
and....... i don't know... how to trust that "labcoin" and TheSwede75
since i got no answer for anything ...
Yeah,.. but what you forgot the mention is that Linode the ISP is a VPS /Cloud provider. So the server actually hosting the site could be literally anywhere in the world. For all i know it's hidden in your basement,.. https://www.linode.com/This of course is 100% true, though I have no idea why that matters. I would assume that anyone investing in a bitcoin project through any bitcoin based exchange would realize that almost every single project is rather trust based. I am yet to see a single 'company' in the bitcoin industry 100% guarantee anything or have a corporate office etc. I am sure that as the market and bitcoin itself matures we will see a more mature company structure and more guarded IPO process etc. But when that happens I also assume that no one will be able to reap 50% return on yearly investments or see 50% swings in value overnight. Any investment in bitcoin shares, asic, bonds or other instrument are per definition high risk. And in for one would never advice anyone to invest in either without knowing the risks. That said, I personally believe in Labcoin, and consider it one of quite a few possibly exceptionally rewarding investments in this new market. |
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jborkl
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August 13, 2013, 08:24:36 PM |
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That was a excellent post TheSwede75
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TheSwede75 (OP)
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August 13, 2013, 09:20:30 PM |
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That was a excellent post TheSwede75
I'm sorry it I came across as crass but I believe in labcoin personally, but I also feel that a 'reality check' may be in order for investments in general. YES there are of course projects with possible huge upsides but people also need to realize that investing in anything cryptocurrency related (including Bitcoin itself) means that you invest in an emerging market for for better or worse. I hold shares in many different bitcoin projects both listed on btct.co, picostocks, bitfunder etc. As well as privately financed projects and would never dream of investing rent money or "essential funds" no matter the possible upside. I personally firmly believe that Bitcoin is here to stay, and there is even a fair chance that I myself may find myself fairly well off because of my involvement in this new exciting means of payment and all it brings. BUT I am also well aware that there is a chance that this may not happen. I guess my point is: if what you want it a safe investment, you really shouldn't be here in the first place. God speed and let's all hope Bitcoin makes us rich. But let's not lose sleep over it. |
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dvdrewritable
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Merit: 13
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August 13, 2013, 09:21:56 PM |
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I guess my point is: if what you want it a safe investment, you really shouldn't be here in the first place.
well said my man  |
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Bitcycle
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August 13, 2013, 09:29:39 PM |
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Well, at least the most panic prone are out.
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boyohi
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August 13, 2013, 09:31:17 PM |
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Well, at least the most panic prone are out.
They will come back in at a higher price and panic and sell at a lower price again. A vicious cycle. |
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dexX7
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Activity: 1106
Merit: 1024
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August 13, 2013, 10:09:23 PM |
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I'm sorry it I came across as crass but I believe in labcoin personally, but I also feel that a 'reality check' may be in order for investments in general.
YES there are of course projects with possible huge upsides but people also need to realize that investing in anything cryptocurrency related (including Bitcoin itself) means that you invest in an emerging market for for better or worse. The history of Bitcoin is full of scams and people have a tendency to favor the paranoid point of view (for obvious reasons). Should they be even more aware? Maybe, probably. Anyway. I think it's odd that you say this while there are unresolved questions about Labcoin, i.e. the share lock issue. |
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oxideNL
Member
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Activity: 82
Merit: 10
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August 13, 2013, 10:12:53 PM |
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I mean the website, not securities....
the website down.。。。 not good.....
I have traced labcoin.com also 178.79.173.51 and it's in England Brockworth
It's not look like a company , it's look like someone's home........
and....... i don't know... how to trust that "labcoin" and TheSwede75
since i got no answer for anything ...
Yeah,.. but what you forgot the mention is that Linode the ISP is a VPS /Cloud provider. So the server actually hosting the site could be literally anywhere in the world. For all i know it's hidden in your basement,.. https://www.linode.com/This of course is 100% true, though I have no idea why that matters. I meant it in the way that his ip address findings are irrelevant. And it's not worrying at all. It would be stupid to choose otherwise in this line of business (at least i think so) |
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tucenaber
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August 13, 2013, 10:35:17 PM |
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So, basically everything is as uncertain as before. No answers and no action. Except now we have seen a photo of a house in England |
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Luckybit
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August 13, 2013, 11:51:25 PM |
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ajk, people freaked when the "site" just went offline and noone heard anything for a few days - that's all
theSwede - i think what set off the latest rumor mill is the site going down- also, strange things that have happened to "competitors"
The labcoin.com website as far as I know is just going through updates and redesign. I will definitely be here to update if anything significant is to be communicated. Mr. Swede, do you think Labcoin will be able to maintain 15% of the network for the long term with the difficulty growing exponentially and with what looks like an asic hashing cyber arms race? This is a very important question which you should forward to the staff and developers. If the 15% can be assured despite difficulty, I think everyone will be happy for many months with the possibility of sweet dividends. |
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