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

[BitThink]

Instead of fighting with each other, could we do something more meaningful here? Such as the total column today? How many percent of shares were sold? How many BTCs are left in the bid and how many shares are in the ask?

I will begin with the anwsers of the last question. There are 685 BTC, 10% of the Total fund collected in IPO. There are 889K shares left in ask, 8.9% of total shares, and 12.7% of all public shares.

[1714112299]

1714112299

[1714112299]

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[BitThink]

Did TheSwede talk about divs?

There's no official annoucement about divs today. When Ytt asked about Divs, TheSwede anwsered that he admit there was some delay and currently the hashing is not stable. So at least to my understanding, there's not likely dividend this Monday. the divs can only be expected two weeks later if they fix the problem as they promised today. But again, this is just my understanding, you can check theSwede's last posts to check by yourself.

"two weeks"


Sorry, couldn't resist 

I know BFL has ruined it, but here 2 weeks is just the dividend interval in their previous announcement.

[Mabsark]

Again, what part of that suggests that Labcoin are not mining with 2 Th/s? What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?

If you think Labcoin is mining with 2Th/s where are the block rewards going?

To an address. An address they have stated will be shared later with us. Does the fact that they refuse to share this address now, prove that Labcoin are not mining with 2 Th/s? Of course it doesn't.

Do people here not understand the difference between facts, rumours, speculation and evidence?

Facts, rumors, speculation and evidence are all things that move the market. You're making predictions about the likelihood of future events, and all of those things come into play.

Plus, if half of the "community" no longer trusts them, then the price is going to be a lot less then it otherwise would be come November when you were planning on selling.

It is interesting, that people are buying in constantly. I dont know, this is not even over yet..

Because, even if the risk has increased, the potential reward is still pretty high. Even if you thought there was a 90% chance of failure, it would make sense to invest a small chunk in hopes that 10% gets you better then a 10x return

I'm just calling people out for spreading blatant lies. Take for example Labcoin saying that they were doing some tweaking. That somehow became "Labcoin admits to lying about hashing with 2 TH/s". That's a blatant lie as Labcoin said no such thing.

If there is no dividend on monday everyone will pull out and it will go below IPO prices.


It might be smart to pull out right now and just wait until they pay a dividend. Why take a risk buying now when you can buy after they pay the dividend on monday with no risk?

Now is the time to sell.

My comment had nothing to do with buying or selling shares. It's about people spreading blatant lies.

[Mabsark]

You said you were here to mock people. Last time I checked, I was a person, therefore, you are here to mock me.

Do you even logic?

I'm not mocking you especially. If you read me properly, I said I was mocking all cheerleaders and you happen to be one, and today the stupidest.
You're trying to twist things, really, really hard. Same as with the "they did not admit they were lying so they must be hashing"

I didn't say you was mocking me exclusively, I simply said you were trying to mock me, being a person. I'm not trying to twist things at all. I'm trying to untwist things and show the difference between facts and opinions.

OPINION: You thought that I was claiming that you were mocking me specifically.
FACT: You claimed you were here to mock people, which includes me.

See the difference?

[zumzero]

Again, what part of that suggests that Labcoin are not mining with 2 Th/s? What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?

If you think Labcoin is mining with 2Th/s where are the block rewards going?

To an address. An address they have stated will be shared later with us. Does the fact that they refuse to share this address now, prove that Labcoin are not mining with 2 Th/s? Of course it doesn't.

Do people here not understand the difference between facts, rumours, speculation and evidence?

Facts, rumors, speculation and evidence are all things that move the market. You're making predictions about the likelihood of future events, and all of those things come into play.

Plus, if half of the "community" no longer trusts them, then the price is going to be a lot less then it otherwise would be come November when you were planning on selling.

It is interesting, that people are buying in constantly. I dont know, this is not even over yet..

Because, even if the risk has increased, the potential reward is still pretty high. Even if you thought there was a 90% chance of failure, it would make sense to invest a small chunk in hopes that 10% gets you better then a 10x return

I'm just calling people out for spreading blatant lies. Take for example Labcoin saying that they were doing some tweaking. That somehow became "Labcoin admits to lying about hashing with 2 TH/s". That's a blatant lie as Labcoin said no such thing.

If there is no dividend on monday everyone will pull out and it will go below IPO prices.


It might be smart to pull out right now and just wait until they pay a dividend. Why take a risk buying now when you can buy after they pay the dividend on monday with no risk?

Now is the time to sell.

My comment had nothing to do with buying or selling shares. It's about people spreading blatant lies.

People aren't lying Mab, they are reading between the lines and drawing logical conclusions.  This elaborate and sophisticated scam has been set up to suggest that those who are clever enough about seeing through the con and make, in my view, well founded accusations, are spreading fud and deceiving people.  Absolute nonsense.

[zumzero]

The only defense, used for this not being a scam, that I see in this thread is the one that Mab is spinning about this so called lie.

Weak.  Very, very weak.

Come on folks,  I said this last night and I'll say it again..

Labcoin knew EXACTLY what they had to do in terms of providing proof/evidence to allay people's fears.

[demzie]

hahaha

"People aren't lying Mab, they are reading between the lines and drawing logical conclusions.  This elaborate scam has been set up to suggest that those who are clever enough about seeing through the con and make, in my view, well founded accusations, are spreading fud and deceiving people.  Absolute nonsense."

Whats is logical for you could be the other way for me.. so what is logical?

Terrorist who blow innocent people think its logical all infidels should die.. <- does not sound logical to me..

So what is logical?

[demzie]

If i read: tweaking and not stable stuff i think: great (they have chips, they have boards) they are working on it.. when its on; then it play time.
I dont think: MOTHERF... now my share has gone down 0010..

Not everybody is the same..

[zumzero]

hahaha

"People aren't lying Mab, they are reading between the lines and drawing logical conclusions.  This elaborate scam has been set up to suggest that those who are clever enough about seeing through the con and make, in my view, well founded accusations, are spreading fud and deceiving people.  Absolute nonsense."

Whats is logical for you could be the other way for me.. so what is logical?

Terrorist who blow innocent people think its logical all infidels should die.. <- does not sound logical to me..

So what is logical?

LOGICAL

1. Of, relating to, in accordance with, or of the nature of logic.
2. Based on earlier or otherwise known statements, events, or conditions; reasonable: Rain was a logical expectation, given the time of year.
3. Reasoning or capable of reasoning in a clear and consistent manner.

FANATICAL

1. Possessed with or motivated by excessive, irrational zeal.

[demzie]

hahaha

"People aren't lying Mab, they are reading between the lines and drawing logical conclusions.  This elaborate scam has been set up to suggest that those who are clever enough about seeing through the con and make, in my view, well founded accusations, are spreading fud and deceiving people.  Absolute nonsense."

Whats is logical for you could be the other way for me.. so what is logical?

Terrorist who blow innocent people think its logical all infidels should die.. <- does not sound logical to me..

So what is logical?

LOGICAL

1. Of, relating to, in accordance with, or of the nature of logic.
2. Based on earlier or otherwise known statements, events, or conditions; reasonable: Rain was a logical expectation, given the time of year.
3. Reasoning or capable of reasoning in a clear and consistent manner.

FANATICAL

1. Possessed with or motivated by excessive, irrational zeal.

Well you speak as in logical based on facts..
What facts do you have beside: READING BETWEEN THE LINES? and questions unanswered?

[aquarius]

can anyone do a keyword search and see how many times the word 'fud' has been used in this thread?

[zumzero]

hahaha

"People aren't lying Mab, they are reading between the lines and drawing logical conclusions.  This elaborate scam has been set up to suggest that those who are clever enough about seeing through the con and make, in my view, well founded accusations, are spreading fud and deceiving people.  Absolute nonsense."

Whats is logical for you could be the other way for me.. so what is logical?

Terrorist who blow innocent people think its logical all infidels should die.. <- does not sound logical to me..

So what is logical?

LOGICAL

1. Of, relating to, in accordance with, or of the nature of logic.
2. Based on earlier or otherwise known statements, events, or conditions; reasonable: Rain was a logical expectation, given the time of year.
3. Reasoning or capable of reasoning in a clear and consistent manner.

FANATICAL

1. Possessed with or motivated by excessive, irrational zeal.

Well you speak as in logical based on facts..
What facts do you have beside: READING BETWEEN THE LINES? and questions unaswered?

I don't need to provide any facts.  Labcoin we're expected to do that, instead of fobbing their shareholders off with the obligatory, 'in two weeks'.

Perhaps you should be asking yourself; 

at what point does a reputable company who continue to take customers money and yet fail to deliver products become a scam?

are BFL a scam?

how many times will it wash with shareholders when a 'big announcement' fails to provide concrete evidence that a company is following up on their promises?

will this be allowed to continue indefinately?

how many failed countdown clocks will it take until Mab jumps ship?

what about yourself demize?  another one perhaps?  or maybe another 2 or three?

impossible!, I hear you say.  well we will have to wait and see eh?

Is Labcoin a scam?

[TMAN]

The story is the same time will only tell, short term share price variance is expected with the amount of speculative hands in this stock, we will be above ur high point before month end. Labcoin are pissed with all the hand holding. I would like to see a video, but only to stop the Tripe in the thread

[foxykah]

hahaha

"People aren't lying Mab, they are reading between the lines and drawing logical conclusions.  This elaborate scam has been set up to suggest that those who are clever enough about seeing through the con and make, in my view, well founded accusations, are spreading fud and deceiving people.  Absolute nonsense."

Whats is logical for you could be the other way for me.. so what is logical?

Terrorist who blow innocent people think its logical all infidels should die.. <- does not sound logical to me..

So what is logical?

LOGICAL

1. Of, relating to, in accordance with, or of the nature of logic.
2. Based on earlier or otherwise known statements, events, or conditions; reasonable: Rain was a logical expectation, given the time of year.
3. Reasoning or capable of reasoning in a clear and consistent manner.

FANATICAL

1. Possessed with or motivated by excessive, irrational zeal.

Well you speak as in logical based on facts..
What facts do you have beside: READING BETWEEN THE LINES? and questions unaswered?

I don't need to provide any facts.  Labcoin we're expected to do that, instead of fobbing their shareholders off with the obligatory, 'in two weeks'.

Perhaps you should be asking yourself; 

at what point does a reputable company who continue to take customers money and yet fail to deliver products become a scam?

are BFL a scam?

how many times will it wash with shareholders when a 'big announcement' fails to provide concrete evidence that a company is following up on their promises?

will this be allowed to continue indefinately?

how many failed countdown clocks will it take until Mab jumps ship?

what about yourself demize?  another one perhaps?  or maybe another 2 or three?

impossible!, I hear you say.  well we will have to wait and see eh?

Is Labcoin a scam?

Why should we think you know what you are talking about if you can't even differentiate between 'were' and 'we're'?

[runam0k]

can anyone do a keyword search and see how many times the word 'fud' has been used in this thread?

marginally fewer times than fud has been deployed

[Mabsark]

Again, what part of that suggests that Labcoin are not mining with 2 Th/s? What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?

If you think Labcoin is mining with 2Th/s where are the block rewards going?

To an address. An address they have stated will be shared later with us. Does the fact that they refuse to share this address now, prove that Labcoin are not mining with 2 Th/s? Of course it doesn't.

Do people here not understand the difference between facts, rumours, speculation and evidence?

Facts, rumors, speculation and evidence are all things that move the market. You're making predictions about the likelihood of future events, and all of those things come into play.

Plus, if half of the "community" no longer trusts them, then the price is going to be a lot less then it otherwise would be come November when you were planning on selling.

It is interesting, that people are buying in constantly. I dont know, this is not even over yet..

Because, even if the risk has increased, the potential reward is still pretty high. Even if you thought there was a 90% chance of failure, it would make sense to invest a small chunk in hopes that 10% gets you better then a 10x return

I'm just calling people out for spreading blatant lies. Take for example Labcoin saying that they were doing some tweaking. That somehow became "Labcoin admits to lying about hashing with 2 TH/s". That's a blatant lie as Labcoin said no such thing.

If there is no dividend on monday everyone will pull out and it will go below IPO prices.


It might be smart to pull out right now and just wait until they pay a dividend. Why take a risk buying now when you can buy after they pay the dividend on monday with no risk?

Now is the time to sell.

My comment had nothing to do with buying or selling shares. It's about people spreading blatant lies.

People aren't lying Mab, they are reading between the lines and drawing logical conclusions.  This elaborate and sophisticated scam has been set up to suggest that those who are clever enough about seeing through the con and make, in my view, well founded accusations, are spreading fud and deceiving people.  Absolute nonsense.

Anyone claiming that Labcoin have admitted to lying about hashing, is telling lies. It's that simple. Labcoin have made no such claim.

[zumzero]

hahaha

"People aren't lying Mab, they are reading between the lines and drawing logical conclusions.  This elaborate scam has been set up to suggest that those who are clever enough about seeing through the con and make, in my view, well founded accusations, are spreading fud and deceiving people.  Absolute nonsense."

Whats is logical for you could be the other way for me.. so what is logical?

Terrorist who blow innocent people think its logical all infidels should die.. <- does not sound logical to me..

So what is logical?

LOGICAL

1. Of, relating to, in accordance with, or of the nature of logic.
2. Based on earlier or otherwise known statements, events, or conditions; reasonable: Rain was a logical expectation, given the time of year.
3. Reasoning or capable of reasoning in a clear and consistent manner.

FANATICAL

1. Possessed with or motivated by excessive, irrational zeal.

Well you speak as in logical based on facts..
What facts do you have beside: READING BETWEEN THE LINES? and questions unaswered?

I don't need to provide any facts.  Labcoin we're expected to do that, instead of fobbing their shareholders off with the obligatory, 'in two weeks'.

Perhaps you should be asking yourself; 

at what point does a reputable company who continue to take customers money and yet fail to deliver products become a scam?

are BFL a scam?

how many times will it wash with shareholders when a 'big announcement' fails to provide concrete evidence that a company is following up on their promises?

will this be allowed to continue indefinately?

how many failed countdown clocks will it take until Mab jumps ship?

what about yourself demize?  another one perhaps?  or maybe another 2 or three?

impossible!, I hear you say.  well we will have to wait and see eh?

Is Labcoin a scam?

Why should we think you know what you are talking about if you can't even differentiate between 'were' and 'we're'?

we're is we are as in we are involved in a scam
were is past tense so if you all got out now you could say we were involved in a scam

It is really uncool to pull someone up on an internet forum for bad spelling or gramatical mistakes.

Grow up.

[Mabsark]

FANATICAL

1. Possessed with or motivated by excessive, irrational zeal.

Exactly like the people posting here who claim to have no interest in Labcoin.

Well played zumzero, well played!

[boyohi]

I like their picture so much I'm going to have it as my avatar until their next picture post.

[Mabsark]

LOGICAL

3. Reasoning or capable of reasoning in a clear and consistent manner.

Which idiotic nonsense like that below is not an example of:

"They have all the resources required to assemble miners and claim to have already assembled 2 Th/s, therefore they clearly haven't got any miners, and can't possibly assemble any"