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

[AngelSky]

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?

Busy on btct selling.

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[velacreations]

if it breaks .0015, it's over. stick a fork in it.

[Bitcycle]

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?

Placing bids just over 0.0016 if they have half a brain.

[velacreations]

Busy on btct selling.

they better hurry, the crowd's not buying the pump..

[kingcrimson]

I bought at high 002s last night
I thought that mining was real
Im about to cry  

[velacreations]

Placing bids just over 0.0016 if they have half a brain.

.0012 is a better place

[Zakryze]

watch europe wake up to this mess in about 2 hours. if greed people sell their other assets to jump in we will face a black btct friday!

[lzr1900]

I am about to cry with this fucking price.. Go fuck yourself labcoin bitch ！

[velacreations]

watch europe wake up to this mess in about 2 hours. if greed people sell their other assets to jump in we will face a black btct friday!

another one?  we had this shit last week, same fucking thing.  how many times are we gonna let Labcon crash the BTCT market?

[AngelSky]

I bought at high 002s last night
I thought that mining was real
Im about to cry  

Weeks and weeks of unanswered conerns about locking shares, photos, mining address, proof of something. No one listen. The dream is over. People are waking up and it hurts.

[BitThink]

Since Labcoin told us to don't make our decision until the end of October, I don't think he has some magic to pull some good news from nowhere now.
I am not sure whether I should be happy or angry. I've sold more than half of my holding at around 0.0029 yesterday, but I still kept the other half for the 'long term' investing.

[Zakryze]

watch europe wake up to this mess in about 2 hours. if greed people sell their other assets to jump in we will face a black btct friday!

another one?  we had this shit last week, same fucking thing.  how many times are we gonna let Labcon crash the BTCT market?

depends on those denying the fact that this is not worth risking their other investments for a bag full of nothing
if people sell their other shares to buy in low at labco it is very likely they hand over the field to who ever labcoin really is.

[Bitcycle]

Since Labcoin told us to don't make our decision until the end of October, I don't think he has some magic to pull some good news from nowhere now.
I am not sure whether I should be happy or angry. I've sold more than half of my holding at around 0.0029 yesterday, but I still kept the other half for the 'long term' investing.

If they don't come online with at least the 2 TH they said they had, they're going to be in serious trouble.  The stock may not last until October.  As in, may not be on the exchange.

[HorseRider]

What makes me wondering is, Pirate40, a 100% scammer, when he defulted, he did not say "I scammed you", but said "I will pay later." Now, Labcoin tells you, I will give you evidence very soon.

Telling the truth and comminicating frankly is hard for scammers.

[Zakryze]

This is a shoutout to whoever follows Labcoin. Don't sell your trustworthy assets for this crap, you might risk the whole market to collapse for empty hands.

[VolanicEruptor]

Since Labcoin told us to don't make our decision until the end of October, I don't think he has some magic to pull some good news from nowhere now.
I am not sure whether I should be happy or angry. I've sold more than half of my holding at around 0.0029 yesterday, but I still kept the other half for the 'long term' investing.

If they don't come online with at least the 2 TH they said they had, they're going to be in serious trouble.  The stock may not last until October.  As in, may not be on the exchange.

This doesn't make sense, because only the share holders would suffer.  With no shareholders, labcoin would rake in 100% of the profits once there are some.  Burnside would not punish us like this.  LOL

[Zakryze]

Since Labcoin told us to don't make our decision until the end of October, I don't think he has some magic to pull some good news from nowhere now.
I am not sure whether I should be happy or angry. I've sold more than half of my holding at around 0.0029 yesterday, but I still kept the other half for the 'long term' investing.

If they don't come online with at least the 2 TH they said they had, they're going to be in serious trouble.  The stock may not last until October.  As in, may not be on the exchange.

This doesn't make sense, because only the share holders would suffer.  With no shareholders, labcoin would rake in 100% of the profits.  Burnside would not punish us like this.  LOL

so far they paid for the chips and some crappy pcbs thats all they spent your money on. do you think they will improve? make up your mind. stop denying.

[velacreations]

This is a shoutout to whoever follows Labcoin. Don't sell your trustworthy assets for this crap, you might risk the whole market to collapse for empty hands.

they've got all the voices of reason on ignore.  Remember that list?  and wasn't dhenson telling people to buy just a few hours ago?

how many shares sold today?  500K?  AGAIN?

who is making money here, folks?  who?  it certainly isn't the people buying at .0035 or .003 or .0025...

[AngelSky]

The share price speaks by itself.

[Ytterbium]

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

That's true, but that seems pretty unlikely at this point, don't you think?  They've had however many hours to pull through - and they haven't done so yet.

Obviously people can hold out hope but there isn't really any reason to do so - and they're not giving us any reason, because they're failing to communicate.

No reason to think they're competent in getting this done in such a short time frame (lots of people have failed, look at BFL, Avalon took months, etc) and no reason to think they'll be honest about what's going on in the future.

Plus remember there is a very short window of profitability for Labcoin here.  You can already order 28nm miners from Cointerra and bitmine.ch for less then $3/Gh/s.   Labcoin originally claimed $2/Gh/s and that was when their chips were 4Ghs/s not 1.8.  

So if they fix all their technical issues in the next few months, but by then their window of profitability will be gone.  The shares might yeild, like, 0.0004 BTC or something in dividends over the next couple years.

And actually, if you think about it LC is acting a lot like Walter White.  Full of hubris, wanting to take care of everything on their own without telling anyone anything, hoping that they can just 'fix' everything without anyone ever knowing anything was wrong. Telling people just to trust them without any proof.   Meanwhile they keep screwing up and the people who trust them (i.e. the shareholders in this case) just end up getting fucked.