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

[Luckybit]

Okay so what stops the scammer from forming a team then  taking turns and pointing their rigs? The scammer doing this could always call in a few of his friends.

you know what stops it?  
Details from Labcoin themselves.  Where are they mining, posting the hash rate, etc.

As long as scamming continues to be profitable, people will continue to do it.

That would only make it worse. Then you'd want pictures to prove its them mining. Then you'd want video because of photoshop. Then you'd want gerber files and an explanation for why they missed deadlines.

Maybe they don't want to explain? Maybe they just want to make money?

What difference does it make? In a few weeks either they'll be mining full speed or everyone will peace out.

Maybe because he bought his cheap shares and he wants you to buy yours. I don't deny that he probably is buying them cheap. But he has said things which crashed the price and missed deadlines that he has set down to the hour.

and you think that's the behavior of a legit business person?

Virtual business person. virtual business. If you wanted a legit business person why don't you deal with the SEC?

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[ShroomsKit]

Labcoin could spend 2 minutes to clear things up. But as always they refuse to.
Crazy. Absolutely crazy.

why do you think that is?  what would motivate a team that has lot all credibility to mine and earn money but not tell anyone about it?

what's the most likely explanation?  those are not Labcoin's coins.

I doubt they are.

[velacreations]

That would only make it worse. Then you'd want pictures to prove its them mining. Then you'd want video because of photoshop. Then you'd want gerber files and an explanation for why they missed deadlines.

Bullshit.  If they had provided what they promised (locked shares, stamped blocks, photos before mining) then we wouldn't be having this discussion right now.

What difference does it make? In a few weeks either they'll be mining full speed or everyone will peace out.

what difference does it make?  they have been lying to shareholders for at least a week and shareholders want information as to what is going on, and you are saying "what difference does it make"

It makes ALL the difference!  Their credibility is in the shitter!  They have nothing to show!  At this point in time, there is absolutely NOTHING that shows they are a legit business.  A simple forum post of a few lines of text with verifiable information would change all of that, and you say "what difference does it make?"

It would make a HUGE difference to know if they are mining or not.

Virtual business person. virtual business.

so, not legit?

[JohnyBigs]

Maybe TheSwede or Labcoin can come and give us an update, it would be nice instead of them rubbing one out. Clearly they are mining with the posted address hash rate/user name would be good.

[velacreations]

What difference does it make?

they've already missed out on 1 week of revenue, and if they continue this pace, it'll be 3 or 4 weeks of missed revenue and another 2 difficulty increases.

It makes a lot of difference to the value of this security if they are telling the truth or lying.

[velacreations]

Maybe TheSwede or Labcoin can come and give us an update, it would be nice instead of them rubbing one out. Clearly they are mining with the posted address hash rate/user name would be good.

if it's so clear, maybe you can show us the evidence?

For all we know, JohnyBigs is sending his USB miner revenue to that address...

[JohnyBigs]

Maybe TheSwede or Labcoin can come and give us an update, it would be nice instead of them rubbing one out. Clearly they are mining with the posted address hash rate/user name would be good.

if it's so clear, maybe you can show us the evidence?

For all we know, JohnyBigs is sending his USB miner revenue to that address...

Lmao your a moron the address is from BTCguild you 3rd world Country retard.

[kingcrimson]

Bravo to whoever committed the fake hashing labcoin scam, you made some money off me. I guess now I am a labcoiner again.

[Bitcycle]

At this point I'm just wondering how low the price is going to get before they talk to us again.

[JohnyBigs]

Bravo to whoever committed the fake hashing labcoin scam, you made some money off me. I guess now I am a labcoiner again.

Yes because addresses from BTCguild and Slush pool can be faked.  

[velacreations]

Lmao your a moron the address is from BTCguild you 3rd world County retard.

and no one other than Labcoin is mining at the BTC Guild pool or what?  Is that your logic?  It can only be Labcoin because it's coming from BTC guild?

hahahahahaha

So, let me get this straight.  They were at Slush last night, until people started questioning the validity of those payments, then all of a sudden they change pools to BTC Guild and small payment start up again, and somehow, this is all proof that they are hashing?

No, it couldn't possibly be anyone else sending pool payments to that address, right?

[Zakryze]

everyone waiting for the october announcement?

[velacreations]

Yes because addresses from BTCguild and Slush pool can be faked. 

it sure can, all you need is some btc in your wallet at one of those pools.

[well.attenuated]

I think JohnyBigs is confused about how mining pools work..

[Luckybit]

At one point I saw it posted somewhere on this forum. They are at BTC Guild. That is all I know at the moment.

All you know is that a payment is coming from BTC Guild.

just a while ago someone mentioned the hash rate:

250 GH/s (= 1.12 BTC / day currently, at 100% PPS)

So, that's like what?  1 USB miner?

But isn't this figure based on the July screenshot of the avalon miners?

No, the hash rate was based on an estimate according to the rate they were mining from BTC Guild.
Since they aren't mining right now we cannot estimate until they do.

[JohnyBigs]

I think JohnyBigs is confused about how mining pools work..

Another 3rd world country sock poppet account. As you can tell from the name that makes no sense in English, only in 3rd world country retard language.

His name means "well, very thin" I think someone is confused how English works.

[JohnyBigs]

Dont worry guys TheSwede is online jerking off furiously until his dick bleeds.

[well.attenuated]

I think JohnyBigs is confused about how mining pools work..

Another 3rd world country sock poppet account. As you can tell from the name that makes no sense in English, only in 3rd world country retard language.

His name means "well, very thin" I think someone is confused how English works.

Or to reduce virulence of infectious particles - as in what I am doing my PhD thesis on. But you know - thin makes tons more sense.

[JohnyBigs]

I think JohnyBigs is confused about how mining pools work..

Another 3rd world country sock poppet account. As you can tell from the name that makes no sense in English, only in 3rd world country retard language.

His name means "well, very thin" I think someone is confused how English works.

Or to reduce virulence of infectious particles - as in what I am doing my PhD thesis on. But you know - thin makes tons more sense.

Yes makes much more sense now. "Well, reduced power" lol

[KCBitcoin]

this is so f'ed up