[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)

[Mutated btc]

@wjsqsn

not again right? jezus...

In China，This Scam is being exposed

why, theseven is in this project too,  hard to believe what you saying

[AngelSky]

Here it comes - back up again.

How about adding something useful to the thread? Go blather in the price speculation thread if you really care about short term moves so much. https://bitcointalk.org/index.php?topic=265388.0

Useful like what? Some fancy calculations that are made by someone who wants to buy back ?

I at least prefer fancy incompetent calculations. At least that's factual and can be debated. The price is going up, the price is going down - I don't need a play by play on BTCT.

I at least prefer fancy photoshop laughable images of fake conversations at this point.

[wjsqsn]

@wjsqsn

not again right? jezus...

In China，This Scam is being exposed

You're a scam at your own.

The market already react in advance，Wait and see

[AngelSky]

@wjsqsn

not again right? jezus...

In China，This Scam is being exposed

You're a scam at your own.

The market already react in advance，Wait and see

Just disconnect and login with your real nickname on bitcointalk at least.

[MPOE-PR]

A Downright Scam?


Labcoin belongs to iTec company,which is actually located in Shenzhen  Integrated Circuit Design Industrial Base (SZICC) ,in the company's contact column, post the real phone, but when somebody call for asking labcoin matters, who answered the phone seems to be surprised about the phone number' reveal.  shortly after the call, the contact page of the company was changed immediately, and now the webpage closed (http://www.szicc.net / Portals / LinkUs.aspx? UID = 227).


Contact the original screenshot



After being replaced by:


Labcoin has released over MPW service customer booking information form

I used to have a lot of respect for myself & MP but now....

Remember primeasic?

[canth]

I at least prefer fancy photoshop laughable images of fake conversations at this point.

They've certainly helped me increase my market share.  

[AngelSky]

ah that was you, okay.

[Ytterbium]

Hahah

So I bought a couple cheap shares, then posted a "ridiculously low" buy order and went to bed.
I wake up the next morning and my buy orders is filled and the price has already recovered to 0.0033

Too bad my buy order wasn't all the way down at 0.002, or 0.0019 or something, still would have been filled and I would have made 33% profit

[AngelSky]

I at least prefer fancy photoshop laughable images of fake conversations at this point.

They've certainly helped me increase my market share.  

lucky boy :p

EDIT: or smart enough

[canth]

Hahah

So I bought a couple cheap shares, then posted a "ridiculously low" buy order and went to bed.
I wake up the next morning and my buy orders is filled and the price has already recovered to 0.0033

Too bad my buy order wasn't all the way down at 0.002, or 0.0019 or something, still would have been filled and I would have made 33% profit

Same here. I bought in twice yesterday at .0021.

[yuansuyi]

@wjsqsn

not again right? jezus...

In China，This Scam is being exposed

show me the link, you 2B.

[AngelSky]

because it's a scam! sell sell sell!

-.-

[Ytterbium]

look how long ActM is taking with there new chip test, now think about how it will go for labcoin + the no news

I have no idea about ActM. Did they take forever with no news?

They raised the money for a payment to a company called eAsic a few months back and there hasn't been a word since about what has developed. Any attempts to push the founders to release any information at all are quickly drowned out by religiously devout activemining shareholders screaming that you are spreading "FUD" and that the founders "cant say anything because of NDA". Half of these accounts are probably sock puppets.

ActM shareholders are delusional. They think all other ASIC companies will fail and only they will succeed.  Someone pointed out that their CEO plagiarized Freidcat in describing their ASIC specs and someone said it was no big deal and that it was a good thing to do because it allowed people to "compare side to side"

[wjsqsn]

A Downright Scam?


Labcoin belongs to iTec company,which is actually located in Shenzhen  Integrated Circuit Design Industrial Base (SZICC) ,in the company's contact column, post the real phone, but when somebody call for asking labcoin matters, who answered the phone seems to be surprised about the phone number' reveal.  shortly after the call, the contact page of the company was changed immediately, and now the webpage closed (http://www.szicc.net / Portals / LinkUs.aspx? UID = 227).


Contact the original screenshot
http://www.btcpie.com/wp-content/uploads/2013/08/QQ%E5%9B%BE%E7%89%8720130824124430.jpg


After being replaced by:
http://www.btcpie.com/wp-content/uploads/2013/08/QQ%E5%9B%BE%E7%89%8720130824130432.jpg

Labcoin has released over MPW service customer booking information form
http://www.btcpie.com/wp-content/uploads/2013/08/QQ%E5%9B%BE%E7%89%8720130824124437.jpg

Yes it looks like a scam to me-- very shady the timing of the announcement the chips have arrived from a factory, (very important shipment!!) but TheSwede75 and the CEO told that their is no news at all   I think 2500 chips is surely big news,  so why was this information hidden from these two important partners?

everybody has a camera phone in 2013- I wonder why he can't take a photo of the chips in front of him.
can anybody provide a reason why they would not be able to do so?

The reason is very simple, if they was photoed, they will be caught and thrown in jail

[AngelSky]

because it's a scam! sell sell sell!

-.-

everybody has a camera phone in 2013- I wonder why he can't take a photo of the chips in front of him.
can anybody provide a reason why they would not be able to do so?

Please can you give me reasonable answer- I don't think it is a really difficult & strange request to make
my money is tied up between labcoin and AsicMiner and with AsicMiner announcing hugely reduced Blades shipping right now this feels like more and more of a gamble every day

Because people that make statements here don't realize the impact it has on the shareholders. I've a few examples in mind and I'm sure you have them too..

EDIT: Communication is not on their priority list (and all these companies have the same problem).

[Mutated btc]

65 nm design is currently under development and is expected to go on tape-out in late August or early September.

from https://bitcointalk.org/index.php?topic=263445.msg2855020#msg2855020

his ETA for 130nm pretty well matched up the batch delivery he announced, super

[yuansuyi]

A Downright Scam?


Labcoin belongs to iTec company,which is actually located in Shenzhen  Integrated Circuit Design Industrial Base (SZICC) ,in the company's contact column, post the real phone, but when somebody call for asking labcoin matters, who answered the phone seems to be surprised about the phone number' reveal.  shortly after the call, the contact page of the company was changed immediately, and now the webpage closed (http://www.szicc.net / Portals / LinkUs.aspx? UID = 227).


Contact the original screenshot



After being replaced by:


Labcoin has released over MPW service customer booking information form

Yes it looks like a scam to me-- very shady the timing of the announcement the chips have arrived from a factory, (very important shipment!!) but TheSwede75 and the CEO told that their is no news at all   I think 2500 chips is surely big news,  so why was this information hidden from these two important partners?

everybody has a camera phone in 2013- I wonder why he can't take a photo of the chips in front of him.
can anybody provide a reason why they would not be able to do so?

The reason is very simple, if they was photoed, they will be caught and thrown in jail

My friend have told me that owner of labcoin have moved from Zhuhai to Hongkong before starting this business to avoid the legal troubles and police cannot catch him so easily. do you think it's true?

my friend told me the owner has moved to North Korean

[wjsqsn]

TheSwede75：
can you explain why a votor of BTCT commented that "I wouldn't trust the operator at all, well known troll"?

UPDATE:

I was pretty 'Trolly' and outspoken in my early days especially in the BTC-E.com's trollbox. Since then I "got over" Alt Currencies and chilled out a lot. If anyone wants to judge me based on Trollbox chatter, I guess that is up to them. I would probably consider my flawless trading history, group-buy organization etc more important factors when assessing my 'honesty' though. Besides that, I am not one of the Founders or Developers inside Labcoin but just someone that helped out in the IPO and serves as an additional communication resource, so I am not sure why me being a 'troll' would have to do with the Security.

TLDR: I may have (have had) a big mouth and short temper from time to time, but I have never scammed anyone.

OUTSTANDING SHARES:

Also I was asked to clarify the 'outstanding shares' on BTCT.CO. For some time the outstanding shares on BTCT.CO was incorrect (not sure why, probably due to the script we ran to place the shares). This number is now 10 Million (10.000.000) which represents ALL the shares of Labcoin. This number will NOT change and Labcoin will NOT sell more shares. I hope that clears up any confusion.

Q/A UPDATE:

The coming days Developer from Labcoin as well as Sam himself will answer technical/development questions as well as describe the near future. Expect several posts.

This is not an explanation. Like I said, BTCT only shows shares as outstanding if they have been sold or rendered to another account by doing an internal share transfer. The total Outstanding should be 7m, not 10m

I am sorry, now I understand what you are asking in "This is not an explanation. Like I said, BTCT only shows shares as outstanding if they have been sold or rendered to another account by doing an internal share transfer. The total Outstanding should be 7m, not 10m"

The reason for all 10 million being 'listed' is the fact that the Founder shares (3 million) has now been transferred out of the original IPO account and into the individual Labcoin team (developers, founder etc). This transfer is the reason all 10 million is now seen as the 'outstanding shares' amount.

I hope that answers your question. I also personally think that this is more 'honest' since the 'Market Cap' is now based on all available shares and not only the 7 million placed in the IPO.

In other words, you can sell whenever you want and no one will know.

Bingo! The shares should not have been rendered. What incentive does the company have to work at all if they can just sell all their own shares?

I would assume this is true for all listed companies on BTCT.CO. I do think that since the Founders already have over $150.000 invested in development, pre-production etc. Selling a ton of shares in a project they have been involved in for a year and giving up dividends and possible higher valuation for a quick but seems very counter intuitive.

The Phone numbers  still can be read, you can call and find truth.

[Mutated btc]

65 nm design is currently under development and is expected to go on tape-out in late August or early September.

from https://bitcointalk.org/index.php?topic=263445.msg2855020#msg2855020

we are in August ..nearly and I don't see anything about 65nm, they are running so late on deadline  
they told that they will send USB sticks like Block Eruptors this month too
seems they change story often  
not good start so far

that will properly will be announced after hashing,

[demzie]

i heared he moved to mongolia and he's now a retart called: mr. wjsqsn