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

[bbxx]

I am not going to call this an update because it really isn't. I just wanted to say that I have been in touch with Sam and he has promised me that he will post an update today. I fully understand the anger and frustration among share holders (of which I am one) and can unfortunately do nothing but apologize.

I have been wanting to post an update ever since the set timeframe for the pool merge passed, unfortunately I can only relay information I am given by the team and I have been (until this morning) unable to reach the team in China.

There has been several forum members that has sent me PM in the last 24 hours and while some have been very supportive, some others obviously have been very much the opposite. I can honestly say that I absolutely understand anger and frustration and wish there was more I can do.

Will this "update" from Sam be just like his last ones, with empty promises?  LOL

only one way to update this properly

Put a video on youtube, chip, boards, hashing, 130nm team and 65nm team.

it is impossible...

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[TheSwede75]

I am not going to call this an update because it really isn't. I just wanted to say that I have been in touch with Sam and he has promised me that he will post an update today. I fully understand the anger and frustration among share holders (of which I am one) and can unfortunately do nothing but apologize.

I have been wanting to post an update ever since the set timeframe for the pool merge passed, unfortunately I can only relay information I am given by the team and I have been (until this morning) unable to reach the team in China.

There has been several forum members that has sent me PM in the last 24 hours and while some have been very supportive, some others obviously have been very much the opposite. I can honestly say that I absolutely understand anger and frustration and wish there was more I can do.

Honestly, you should resign... just like the ActM board. This might save your karma.

For many here, the show is over. Lights off, go gome. End of the story.

Too many promises, too little result.

If the share holders feel that I should stop communicating on the projects behalf I can absolutely do so. I am simply relaying the information I get from the team, unfortunately if I have no information I cannot pass any on.

[VolanicEruptor]

Is the LabCoin_PR address legit or a troll?

If you are still asking, you are ... there is no word.

I am not aware of any account except mine, SAMs and TheSeven that is related to the Labcoin project.

Indeed that was a troll trying to pump and get out..

I doubt he was trying to pump, he posted that he wanted to rent a 2TH/S miner for 1 week lol

[Rannasha]

I am not going to call this an update because it really isn't. I just wanted to say that I have been in touch with Sam and he has promised me that he will post an update today. I fully understand the anger and frustration among share holders (of which I am one) and can unfortunately do nothing but apologize.

I have been wanting to post an update ever since the set timeframe for the pool merge passed, unfortunately I can only relay information I am given by the team and I have been (until this morning) unable to reach the team in China.

There has been several forum members that has sent me PM in the last 24 hours and while some have been very supportive, some others obviously have been very much the opposite. I can honestly say that I absolutely understand anger and frustration and wish there was more I can do.

Honestly, you should resign... just like the ActM board. This might save your karma.

For many here, the show is over. Lights off, go gome. End of the story.

Too many promises, too little result.

If the share holders feel that I should stop communicating on the projects behalf I can absolutely do so. I am simply relaying the information I get from the team, unfortunately if I have no information I cannot pass any on.

In that case, is the team aware of how terrible they are at communicating? If so, what do they intend to do about it?

[VolanicEruptor]

I am not going to call this an update because it really isn't. I just wanted to say that I have been in touch with Sam and he has promised me that he will post an update today. I fully understand the anger and frustration among share holders (of which I am one) and can unfortunately do nothing but apologize.

I have been wanting to post an update ever since the set timeframe for the pool merge passed, unfortunately I can only relay information I am given by the team and I have been (until this morning) unable to reach the team in China.

There has been several forum members that has sent me PM in the last 24 hours and while some have been very supportive, some others obviously have been very much the opposite. I can honestly say that I absolutely understand anger and frustration and wish there was more I can do.

Will this "update" from Sam be just like his last ones, with empty promises?  LOL

only one way to update this properly

Put a video on youtube, chip, boards, hashing, 130nm team and 65nm team.

it is impossible...

the evidence required is much more simple than this even..

[Squirrel Dearing]

If the share holders feel that I should stop communicating on the projects behalf I can absolutely do so. I am simply relaying the information I get from the team, unfortunately if I have no information I cannot pass any on.

I for one don't want that.. At least your updates have a little more content in them!

[runam0k]

Any comment on the ~900BTC people say you received?

[matt4054]

If the share holders feel that I should stop communicating on the projects behalf I can absolutely do so. I am simply relaying the information I get from the team, unfortunately if I have no information I cannot pass any on.

And this is quite appreciable from you, and honest.

There is a border line between "we're off schedule" and saying "we're hashing", when we're not. If you want to relay the frustration, tell them it's not acceptable in business relationships, at least in Western culture.

When that line was crossed, I really grew angry and sold off at loss. Still waiting for an apology. For what it's worth...

[well.attenuated]

I am not going to call this an update because it really isn't. I just wanted to say that I have been in touch with Sam and he has promised me that he will post an update today. I fully understand the anger and frustration among share holders (of which I am one) and can unfortunately do nothing but apologize.

I have been wanting to post an update ever since the set timeframe for the pool merge passed, unfortunately I can only relay information I am given by the team and I have been (until this morning) unable to reach the team in China.

There has been several forum members that has sent me PM in the last 24 hours and while some have been very supportive, some others obviously have been very much the opposite. I can honestly say that I absolutely understand anger and frustration and wish there was more I can do.

Honestly, you should resign... just like the ActM board. This might save your karma.

For many here, the show is over. Lights off, go gome. End of the story.

Too many promises, too little result.

If the share holders feel that I should stop communicating on the projects behalf I can absolutely do so. I am simply relaying the information I get from the team, unfortunately if I have no information I cannot pass any on.

Does "today" mean Sept 20? or by the end of the day on September 21?

[Squirrel Dearing]

Is the LabCoin_PR address legit or a troll?

If you are still asking, you are ... there is no word.

I am not aware of any account except mine, SAMs and TheSeven that is related to the Labcoin project.

Indeed that was a troll trying to pump and get out..

I doubt he was trying to pump, he posted that he wanted to rent a 2TH/S miner for 1 week lol

Well that would pump the price up if he got  a 2TH/s miner and pointed it to Labcoin's address..

[TheSwede75]

Any comment on the ~900BTC people say you received?

I have already categorically denied that accusation. 100% false.

[VolanicEruptor]

Any comment on the ~900BTC people say you received?

If labcoin turns out to be a scam, this 900BTC can be recovered through legal means if theswedes identity is known (I also assume that his IP address is known to burnside)

[TheSwede75]

If the share holders feel that I should stop communicating on the projects behalf I can absolutely do so. I am simply relaying the information I get from the team, unfortunately if I have no information I cannot pass any on.

And this is quite appreciable from you, and honest.

There is a border line between "we're off schedule" and saying "we're hashing", when we're not. If you want to relay the frustration, tell them it's not acceptable in business relationships, at least in Western culture.

When that line was crossed, I really grew angry and sold off at loss. Still waiting for an apology. For what it's worth...

For what it is worth I would definitely want to apologize for the delays, miscommunication and frustration. If there was anything I could do I would do it. I have and will communicate these problems to the team.

[zefyr0s]

Eastern business culture, from what I understand, places great value on saving face in the eyes of your superiors. This doesn't exactly mesh well when people are able to derive the facts in other ways.

[Vigil]

With BTC900 you wouldn't have to work again. Why stay on the Bitcoin forums? I would go to Argentina and live like a millionaire screaming "fuck the world"!

[ajk]

Any comment on the ~900BTC people say you received?

I have already categorically denied that accusation. 100% false.

he denied the fact that he had ownership to the addresses however tried to be in on a chip group buy and rolling on just dice with the same ones, he also had like 40 BTC prior to the IPO and then all of a sudden had 100's of BTC coming into his wallet, also tried to buy a rolex and a car as well as mining equipment for "friends".... yeah makes sense  

[Kushedout]

Swede, don't sweat it. Matter of fact, stop bothering the guys for update. Just update us when they are ready to show something. I know sometimes things don't go as planed, so missed deadlines and change of plans is expected.

If you don't have any updates, then you don't have it.  No updates is better then pulling semi relevant updates out of ones ass, not that you have.

If this is a scam, then I guess you are being scammed as well. But, I don't believe that's true.

So anyways, don't let progress be hampered by irrelevant updates, in doing so, you are only feeding the trolls.

Also, you shouldn't be concerned with the stock price, let alone comment on it. Labcoin actions will dictate the stock price. If anyone doesn't like what they see, they are more than welcome to sell, or not even get involved.

[ajk]

With BTC900 you wouldn't have to work again. Why stay on the Bitcoin forums? I would go to Argentina and live like a millionaire screaming "fuck the world"!

LOL since when is 900 BTC an amount you can retire on? you would only be able to live that way for a fraction of time, a million is alot less than what it used to be considering this past year we have had more millionaires than any previous year before this,

[drawingthesun]

With BTC900 you wouldn't have to work again. Why stay on the Bitcoin forums? I would go to Argentina and live like a millionaire screaming "fuck the world"!

900 Bitcoin is not that much, nothing to sniff at but programmers and engineers here are earning that much easily and more per year. I certainly would not risk my freedom for a mid-range 1 year engineers salary.

now 9000 Bitcoin, thats worth screwing people over.

[TMAN]

swede - will you start a self moderated update thread for us please, its hard to keep up with this thread.