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

[velacreations]

I see some helpless bastard is buying Labcoin shares...

you think it is helpless or trying to instigate a recovery on false news?

I think it's the pump and dump gang...

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[N_S]

you think it is helpless or trying to instigate a recovery on false news?

I think it's the pump and dump gang...

That's a total pipe dream to pull off in this environment at the moment.

[physalis]

Is the price actually going up again?
Please don't tell me that is because someone posted a screenshot of a block found in China.
You people xD

[Bitcycle]

Is the price actually going up again?
Please don't tell me that is because someone posted a screenshot of a block found in China.
You people xD

Don't worry, in just two weeks, err...Early October....err...Mid October (for realz!) we'll see some stamped blocks and then we'll know.

[moneymanagment]

You so called Fudster, seem to like to ask alot of questions. Heres a question everyone should be asking you, if you have such little faith in Labcoin, and have supposedly sold all of your shares, then why the F**k do you continually hang around, not to mention constantly post your thoughts of LC being a scam oh so annoyingly over, and over, and over, and over, and over again, about 200 of the 400 pages of just dumb shit that pertains to nothing, either you (and you know who you are) have no lives and enjoy the company of each other, or your trying to manipulate prices. In my opinion it's a little bit of both.

[boyohi]

Is the price actually going up again?
Please don't tell me that is because someone posted a screenshot of a block found in China.
You people xD

Don't worry, in just two weeks, err...Early October....err...Mid October (for realz!) we'll see some stamped blocks and then we'll know.

[physalis]

Don't worry, in just two weeks, err...Early October....err...Mid October (for realz!) we'll see some stamped blocks and then we'll know.

And here I was, thinking you'd be one of the last persons to open their eyes   Props to you.

[limbaugh]

You so called Fudster, seem to like to ask alot of questions. Heres a question everyone should be asking you, if you have such little faith in Labcoin, and have supposedly sold all of your shares, then why the F**k do you continually hang around, not to mention constantly post your thoughts of LC being a scam oh so annoyingly over, and over, and over, and over, and over again, about 200 of the 400 pages of just dumb shit that pertains to nothing, either you (and you know who you are) have no lives and enjoy the company of each other, or your trying to manipulate prices. In my opinion it's a little bit of both.

I'm sure, just like every other trader with half a brain, he bought @ .0029. Happily dumping on the ignorant boobs that think Labocoin is capable of producing a chip.

Of course their incompetence and lack of integrity will prove otherwise.

[physalis]

You so called Fudster, seem to like to ask alot of questions. Heres a question everyone should be asking you, if you have such little faith in Labcoin, and have supposedly sold all of your shares, then why the F**k do you continually hang around, not to mention constantly post your thoughts of LC being a scam oh so annoyingly over, and over, and over, and over, and over again, about 200 of the 400 pages of just dumb shit that pertains to nothing, either you (and you know who you are) have no lives and enjoy the company of each other, or your trying to manipulate prices. In my opinion it's a little bit of both.

Because it's very interesting to see how long they can drag this thing out until the last idiot jumps ship.
Also, following this thread and the delusions of greed is more entertaining than any movie I could watch or game I could play. It's hilarious.
I'm actually going to be sad when this is over.

Instead of being angry about the people here who are convinced that this is a scam, maybe you should open your eyes and start to actually wonder on why there are so many people here who are convinced this is a scam. I'll gladly refer you to point 7 here for an explanation.

[Bitcycle]

I don't think they're an outright scam.

I just think they're having problems and they aren't being honest about it.

So I can't trust anything they say.

[N_S]

Because it's very interesting to see how long they can drag this thing out until the last idiot jumps ship.
Also, following this thread and the delusions of greed is more entertaining than any movie I could watch or game I could play. It's hilarious.
I'm actually going to be sad when this is over.

Instead of being angry about the people here who are convinced that this is a scam, maybe you should open your eyes and start to actually wonder on why there are so many people here who are convinced this is a scam.

The reason it's a scam is the same reason BFL is a scam. It's not an outright 'we-take-your-money-and-ship-you-a-box-of-rocks' scam, but it may as well be. Labcoin are in way over their head from the looks of it. Is there any evidence to support a contrary view? No, there isn't. Not at this point, anyway.

[moneymanagment]

Actually I'm one of the people who bought at IPO and actually does lives life an has a job rather than sit on a Forum, therefor I dont have much time logged in, or the coveted multiple yellow bitcoin rating that means jack shit. I also bought active mining IPO back in Ken's bitfunder day's. And I still have faith in both. But I will say the I can foresee Labcoin becoming way more profitable before Active, Mark my word's on that you oh so clever fudidiots.

[N_S]

Actually I'm one of the people who bought at IPO and actually does lives life an has a job rather than sit on a Forum, therefor I dont have much time logged in, or the coveted multiple yellow bitcoin rating that means jack shit. I also bought active mining IPO back in Ken's bitfunder day's. And I still have faith in both. But I will say the I can foresee Labcoin becoming way more profitable before Active, Mark my word's on that you oh so clever fudidiots.

Hey guys! This dude who isn't well versed on the current events surrounding his investments still has a rose-tinted view of them!

[physalis]

edit: meh, removed. I shouldn't act like a dick

[limbaugh]

Actually I'm one of the people who bought at IPO and actually does lives life an has a job rather than sit on a Forum, therefor I dont have much time logged in, or the coveted multiple yellow bitcoin rating that means jack shit. I also bought active mining IPO back in Ken's bitfunder day's. And I still have faith in both. But I will say the I can foresee Labcoin becoming way more profitable before Active, Mark my word's on that you oh so clever fudidiots.

Hey guys! This dude who isn't well versed on the current events surrounding his investments still has a rose-tinted view of them!

My sentiments exactly, the best advice come from the uninformed. Plus he has a life. How can you lose?

[moneymanagment]

I watched People call Kens entire operation a scam for 100's of pages, completely f**king stupid to base your credibility over a couple pictures, like seriously your going to decided wether to invest in a company over their Pictures! Wow. And as for the mining, they just got the friggin chips and are setting things up aka working out the bugs. Theres a few people trying to do the work of a entire corporation obviously no one can comprehend how time consuming it is to start something like this, let alone respond to a million people asking for pictures.

[Ytterbium]

btw, I have never owned ActM shares (or anything else related to that company).  I did own more than 50K Labcoin shares, but jumped ship when shit started getting hard to believe (right around ~.0038) around here.

Kinda wish I'd done that so I could buy back in at 0.0029.

I don't think Labcoin is a scam, but I would guess they are having some kind of technical difficulties.  It's possible they don't have drivers for CGMiner and can't do pooled mining yet. Whatever software they are using obviously still needs work if it can't mark blocks yet.  Of course, none of that would explain why they can't take pictures of their boards.  In any event if they are having problems they need to be straight with us. They didn't directly mention the fact that their chips only ran at 2Gh/s instead of 4.8 like they originally planned.

If they're not willing to directly and forthrightly tell us when things do go wrong it's a huge problem, IMO. There's no reason not to tell us since they don't have much exposure to the share price anyway.

A delay caused by technical problems will obviously trigger scam accusations, but as you can see that's nothing compared to what we have no with claims of hashing without any verification at all.

Anyway, I was looking through the blockchain again and I found this interesting block: 257612.  The reward went to 1NBDEAYH49tZvFMJ95oa4kYrqgecgnc16C which had never seen coins before and the transaction doesn't seem to have any signing information (Just says "L�R2C� � %")

So, this could be an interesting potential candidate address.

[moneymanagment]

Will someone please create a "The Fudidot's of Labcoin" section, so these guys can circle jerk each other like they do on this forum all day and night.

[limbaugh]

I watched People call Kens entire operation a scam for 100's of pages, completely f**king stupid to base your credibility over a couple pictures, like seriously your going to decided wether to invest in a company over their Pictures! Wow. And as for the mining, they just got the friggin chips and are setting things up aka working out the bugs. Theres a few people trying to do the work of a entire corporation obviously no one can comprehend how time consuming it is to start something like this, let alone respond to a million people asking for pictures.

Pictures? You really should stop while you are ahead.

[Ytterbium]

Because it's very interesting to see how long they can drag this thing out until the last idiot jumps ship.
Also, following this thread and the delusions of greed is more entertaining than any movie I could watch or game I could play. It's hilarious.
I'm actually going to be sad when this is over.

Instead of being angry about the people here who are convinced that this is a scam, maybe you should open your eyes and start to actually wonder on why there are so many people here who are convinced this is a scam.

The reason it's a scam is the same reason BFL is a scam. It's not an outright 'we-take-your-money-and-ship-you-a-box-of-rocks' scam, but it may as well be. Labcoin are in way over their head from the looks of it. Is there any evidence to support a contrary view? No, there isn't. Not at this point, anyway.

If they are having technical problems, they are only a few days late.  That's hardly BFL-level incompetence. Lots of real world companies suffer delays.

If the company just came out and said "hey, we're having issues. We were able to test our chips but we have some software issues to debug before we can mine on a pool" I think people would be less upset.  Yes, there would be people calling it a scam, but not to this extent.