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

[FloatesMcgoates]

The longer they remain silent, the lower this is going to go.

Entirely predictable.

then labcoin will come with an announcement of an announcement to prop up prices

[1713543157]

1713543157

[Ytterbium]

Yup, it's over.

From a technical perspective - you could argue they, technically, have a shot.  But if they screwed up their 130nm design, they may screw up their 65nm design as well. And if they screwed up the boards for their 130nm design, they may screw up those boards as well.

And the problem is, like I said - no credibility left with anyone.  So even if they get their chips working no one is going to buy if they make an announcement or even get some btc deposited to their address

They clearly either dumped BTC from pooling accounts into their signed address or stayed quiet while someone else tried to manipulate the market by doing so.  They fact they seem to have 3x Avalon worth of hashpower is really problematic.

[MilkyLep]

So I guess those unlocked shares could be getting dumped in order to lower the share price therefore labcoin can afford a buy back?

Is everyone still supposed to wait until Oct 30 for news just because they posted a mining address?

[TsuyokuNaritai]

And the problem is, like I said - no credibility left with anyone.  So even if they get their chips working no one is going to buy if they make an announcement or even get some btc deposited to their address

You overestimate the attention span & memory of the average bitcoin speculator. Also remember, each BTC of dividends from Labcoin is worth just as much as a BTC of anyone else's dividends, and if the ROI gets silly high, people will buy. If they get their act together, this entire clusterfuck will mean nothing in a couple of months.

[Bitcycle]

The longer they remain silent, the lower this is going to go.

Entirely predictable.

then labcoin will come with an announcement of an announcement to prop up prices

Sadly, you're probably right.

Announcements won't work this time, though.

Needs to be a clear explanation of what's happening right now.

[JohnyBigs]

And the problem is, like I said - no credibility left with anyone.  So even if they get their chips working no one is going to buy if they make an announcement or even get some btc deposited to their address

You overestimate the attention span & memory of the average bitcoin speculator. Also remember, each BTC of dividends from Labcoin is worth just as much as a BTC of anyone else's dividends, and if the ROI gets silly high, people will buy. If they get their act together, this entire clusterfuck will mean nothing in a couple of months.

This times 1 billion. When its all said and done when they start hashing and paying out dividends nobody will care.

[velacreations]

You overestimate the attention span & memory of the average bitcoin speculator.

+1
greed is powerful motivation

[alphaking]

see you guys @0.001 (maybe even lower)

[BitThink]

And the problem is, like I said - no credibility left with anyone.  So even if they get their chips working no one is going to buy if they make an announcement or even get some btc deposited to their address

You overestimate the attention span & memory of the average bitcoin speculator. Also remember, each BTC of dividends from Labcoin is worth just as much as a BTC of anyone else's dividends, and if the ROI gets silly high, people will buy. If they get their act together, this entire clusterfuck will mean nothing in a couple of months.

Yes, they can at least self mining. Just need to trust them not to screw up their 65nm chips again. Even we assume their 65nm chips work, Labcoin's situation is nowhere better than ActM now. The same dust dividend until November. Even labcoin himself said we can only know they are serious at the end of October. Hope this is the first word from him we can believe.

[velacreations]

Hope this is the first word from him we can believe.

that may be wishful thinking

[Ytterbium]

then labcoin will come with an announcement of an announcement to prop up prices

No announcement he could make will have any (positive) impact on share prices at this point.  The only thing we need to see to make it worth buying back in would be consistent mining payments to their address that coincide with a few TH/s of hash power.

Anything else just isn't going to cut it given all the failed promises that didn't come through.

And that's ultimately the problem with this stock at this point.  No credibility on anything they say.  I think there is a chance that their tech might be OK soon, or that their 65nm chips might work.  But because they can't be straightforward at all there's no way to know what the likelihood of that actually is. And because of that, it's not going to affect the share price.

It could very well be a reasonable thing to buy back in once they demonstrate some success.  But until they demonstrate something, it's just way to risky to hold this stock, other then maybe get a few shares as a pure gamble.

I did think this company has a chance, and from a technical point of view they still may.  But the operators just aren't trustworthy enough to trust with your money.

And the problem is, like I said - no credibility left with anyone.  So even if they get their chips working no one is going to buy if they make an announcement or even get some btc deposited to their address

You overestimate the attention span & memory of the average bitcoin speculator. Also remember, each BTC of dividends from Labcoin is worth just as much as a BTC of anyone else's dividends, and if the ROI gets silly high, people will buy. If they get their act together, this entire clusterfuck will mean nothing in a couple of months.

Yeah, in a couple months.  So why not buy back in in a couple months?  Sorry, but holding now is crazy.  Just like with ActM, why not buy when there's a reason to do so?  The price could continue to drop, and will likely do so as long as they don't have a reasonable amount of BTC coming into their account on a consistent basis (i.e. not 240Gh/s worth)

So the question is, even if you think LC might be a reasonable investment in the future, why buy now, when you can likely buy cheaper later?

[velacreations]

So the question is, even if you think LC might be a reasonable investment in the future, why buy now, when you can likely buy cheaper later?

be careful, I've been saying that for a week, and they've got me on a list, now.

[JohnyBigs]

When you buy back after they are successful you wont be buying at low prices, when the price just goes parabolic. You probably wont buy cheaper later you can only buy cheap when there is uncertainty.

[Bitcycle]

They really need to explain what's going on.

[matt4054]

Funny how the mining address has now turned into a trollbox of its own.

The hate seems only to be growing and silence is now deafening.

[damiano]

The signed messages in blockchain at there address are quite funny

[cix888]

then labcoin will come with an announcement of an announcement to prop up prices

No announcement he could make will have any (positive) impact on share prices at this point.  The only thing we need to see to make it worth buying back in would be consistent mining payments to their address that coincide with a few TH/s of hash power.

Anything else just isn't going to cut it given all the failed promises that didn't come through.

And that's ultimately the problem with this stock at this point.  No credibility on anything they say.  I think there is a chance that their tech might be OK soon, or that their 65nm chips might work.  But because they can't be straightforward at all there's no way to know what the likelihood of that actually is. And because of that, it's not going to affect the share price.

It could very well be a reasonable thing to buy back in once they demonstrate some success.  But until they demonstrate something, it's just way to risky to hold this stock, other then maybe get a few shares as a pure gamble.

I did think this company has a chance, and from a technical point of view they still may.  But the operators just aren't trustworthy enough to trust with your money.

And the problem is, like I said - no credibility left with anyone.  So even if they get their chips working no one is going to buy if they make an announcement or even get some btc deposited to their address

You overestimate the attention span & memory of the average bitcoin speculator. Also remember, each BTC of dividends from Labcoin is worth just as much as a BTC of anyone else's dividends, and if the ROI gets silly high, people will buy. If they get their act together, this entire clusterfuck will mean nothing in a couple of months.

Yeah, in a couple months.  So why not buy back in in a couple months?  Sorry, but holding now is crazy.  Just like with ActM, why not buy when there's a reason to do so?  The price could continue to drop, and will likely do so as long as they don't have a reasonable amount of BTC coming into their account on a consistent basis (i.e. not 240Gh/s worth)

So the question is, even if you think LC might be a reasonable investment in the future, why buy now, when you can likely buy cheaper later?

Because if they deliver let say 1hr from now you might miss a large amount of profit... but again it looks like it serious so yes its a pure gamble to hold at this point... Since they haven't deliver anything

[velacreations]

where's the bottom?  .001?

[Zakryze]

To the moon? Thanks to all those guys ignoring me and calling me a fudster.

[velacreations]

To the moon? Thanks to all those guys ignoring me and calling me a fudster.

yep, I feel ya.  Where's Mabsark, JohnyBigs, and those clowns right now?