Where do you see missing activity?
https://bitcointalk.org/index.php?action=profile;u=90389;sa=showPostsBy the way nice to see... some days ago i searched some securities that have the ability to become Asicminer 2 and labcoin was in my view. Then i saw about the news and the pricerush and emotionally jumped in. Of course i bought high with up to 0.0025BTC then and was angry on me later to act on emotions... now seeing the orderbook im not feeling so bad anymore...
missing activity is not from the spokeperson- as we've seen other teams have also employed members with a proven history to stay active on forums- look at activeminer, hashfast and so forth- everyone has there 'cheearleader/ pr rep / or shill , however you would like t word it, maybe they are promised a % of profits afterwards
missing activity is from the share issuer- last message from him 3 weeks ago saying he's open for audit on shares- burnside said he just needs account to lock, and swede said he will look at this issue as a priority. it's been mentioned a few times yet still ignored to date. All i want is for someone to come up with a plausible reason for ignoring such a request? people can write he is busy developing, but it is already said the ASIC is in tape out. this is what takes up the bulk of development time, and the two guys who's names have been given out are not developers but CEO and nominee directors, so what is the issue for delay?
has anybody been so busy for 3 weeks that they cannot spare 5 minutes? please be serious when answering. no doubt before collecting 700,000$ euros he was quicker at addressing concerns.Again the swede has written multiple times the brains themself will show up but they have not done so and again I see it as a problem they write that they will do so, but do not do so.
the closest investors have got is a strange man on IRC claiming to be colleague of chinese team- (the german connecting from anonymizer in stockholm that was not authorised to release his credentials, in his own words)
afterwards VBS wrote some questions about the hardware, and in original thread someone else asked questions about hardware but they went unanswered
It's also been written that accounts were created and waiting to be whitelisted, of course it is know this is lies,now these are 'minor' things which have not been addressed,really some don't care that much but there is no sensible reason to refuse to do so- they already know well more serious things they need to answer and i suspect he is hiding to avoid being confronted head on with these tricky questions.
just look at some of the posts above-- guys are now saying it does not matter about the locked shares issue because bitcoin is not a safe invesment anyway and they could of scammed you in other ways.. really? I cannot trust people enough to talk like this, and it's true they can scam without anything to do with locked shares but making assumptions that people are inherently good, or somebody does 1 good thing so there is no way they will do a different bad thing---- people have got themselves in trouble talking like this,on this forums has been too many "unexpected" scams where one guy was good for so long then switched. people were left asking "why would he do such a thing".
people are now speculating about labcoin having 20% of network hashrate for next 100 years, posting fake info that increases shareprice drastically and price goes up with the news that nothings changed..if you find yourself nodding in agreement thinking these are compelling argument to invest and beleive it's a stable stock backed with solid credentials- and great business plan.. if you've calculated how many MH/S you are getting per share and it's good for your btc & if you beleive you will turn your 5btc into 5000 by all means go in- as far as i can see it is not an investment but a gamble based on rumours, trolls and market pumpers- not unlike activeminer. we've not received any credible info from which you can say- yes these guys will be deploying xx TH in next weeks although this info could easily be posted by management at this stage, just revolving market of hype & fud
I see your point but such company isnt a one-man-show. So im not wondering that the main account isnt used frequently. In fact the amount of activity here is even higher than friedcat in Asicminer Thread does. But i remember theswede posted an update for labcoin here some days ago. Its fully normal to delegate such jobs.
Its normal to be more active when you only collect money. And its normal to work when you can do work. Its even good that he delegated support work to another person. Yifu from avalon is not able to do the same for some reason and is causing big anger... not only from me. Im ok when the ones that have to work are working and let others do the status updates.
Regarding answering pm's. I did a groupbuy for 5.6 Batches of 10K Avalon Chips. Around 300 unique buyers inside. That translated to up to 96 PM's each day. Which is far away from 5 minutes work per day. Its in reality hours each day, 7 days a week. I didnt find time for much other things. I guess its even worse with such a security here.
At the end these investments are a risk one has to take. Spread the risk through some companies but you should keep out if you have doubts. When i invested in Asicminer i searched for infos a lot and even friedcat wrote a bit to me via pm. At the end i did not have doubts and it did turn out well.
Till now i dont have doubts for labcoin and activemining too. Activemining is a bit safer since the issuer is proven by having working previous projects. Labcoin is a bit more risk. But by investing in both i could lose 100% of my investment. If one security turns out as a second Asicminer the investment will get back with high profits, if both turn out as Asicminer Clones the return will be even higher. So i dont risk much when i dont invest more than i can afford to lose.
But i have to admit that my research this time wasnt as carefully as with asicminer. Thats because of missing time.
I dont calculate by Hashrate, i calculate by logic that normal miners will have a hard time in the next months. They simply get bad prices and have to struggle to get the investment back. The only way out is to own an asic design. Thats what these securities do. If you own a design you are at the best position. You can beat every private miner this way. Its a proven concept and i await that only such companies will survive at some point. Except there will be an open source Asic design everyone can order for cost at a foundry. But i doubt that will happen fast.
How would you run such a scam? I mean burnside would find out when something strange happens. Till now the issuer only collected btc by selling a part of the overall shares. If he really wanted to scam that would have been the time to say byebye dont you think? I mean he had the btc already, he wont get more when the shareprice is rising because he cant sell more shares without getting noticed. So why letting stay this alive since months when you are already at the top of what you can gain? Does this make sense or do i miss something?