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

[wickedgoodtrader]

Wtf is wrong with you people. Yet 1 more empty fucking update. They could put the icing on the cake by posting a pic/vid of their chips hashing and everyone would just stfu, but yet they choose not to. Read the mother fucking writing on the wall. If they refuse to post a pic/vid they are 100% just using somebody else's chips. NOTHING HAS CHANGED AND THE WARNING WILL REMAIN LISTED AS IT FUCKING SHOULD.

Right now is your absolute last chance to get out at a good price I shit you not.

[1714144880]

1714144880

[1714144880]

1714144880

[AngelSky]

Just leave why are you still here?

For the first time in my life I have to agree with you.

[FloatesMcgoates]

In any case, labcoin will probably stagnate between .0026-.0028 for about a day or two before it either booms due to increased hashrate or falls due to stagnant hashrate.

There is no chance whatsoever that this is going to happen.  None.

Agreed.  Speculation will be positive rather than neutral, unless we go more than 2 days without a hash rate increase..

Labcoin will not break .002849 unless hash rate increases. 800 GH already propelled labcoin from .0016-->.0025-.0028, positive speculation has already been factored into the market. Theswede has given out a new deadline to increase hashrate within a day, my point is that if hashrate does not increase within this period of time, then the price will fall while if the hashrate actually does go up then we will see .002849+

Given labcoin's track record on following through with announcements, the most likely series of events will be
1.) Hashrate does not go up for a day (maybe two)
2.) Price drops to .002-.0022
3.) ?
4.) swede makes an announcement of an announcement
5.) Price increases to .0025-.0028
6.) Deadline for swede's announcement passes, no announcement
7.) Price declines to .002-.0022
8.) 1 week after the initial deadline to increase hashrate, hashrate increases and stock goes to .0028-.003

[BitCsByBit]

I'll just put this here

UPDATE:

As usual by now I am very sorry for the lack of updates. I do however at this time have an update for actual hashing.

Though the launch of the mining operation has been delayed and the team is still tweaking miners we now have around 800gh hashing at btcguild at:

http://www.btcguild.com/index.php?page=rankings&section=teams

The Labcoin team is currently listed as 24 Labcoin.

According to Sam, more hash rate will be deployed daily. I do not have any goals or hash rate estimates to communicate right now but as soon as I do, I will of course communicate this.

I hope that I can provide more timely updates on a lot of open questions shortly, and I hope everyone is having a good weekend.

UPDATE:

Even though I don't like making promises but Sam has assured me that 20TH is a goal that will not be missed within 2 weeks.

I am also working on having the "warning" removed from the security as Sam assured me that the team has not to sell any significant amount of shares and the ownership is still far above the 75% that was communicated as the holding limit.

[Bitcycle]

Labcoin will not break .002849 unless hash rate increases. 800 GH already propelled labcoin from .0016-->.0025-.0028, positive speculation has already been factored into the market.

It hasn't, though.

The news hasn't even fully disseminated yet. It came out on a Saturday night when many weren't paying attention and Europe was asleep.

So there's much more speculation on this news alone to come.

You must be one of the people who made the mistake of selling in front of that wall. 

[Zubilica]

Good Morning from Europe!
This may be one of the most elaborate scams in history of BTC.

Fabrizio Tatti is itallian and Niccolò Machiavelli is italian.

Don't despair,
sell your shares.

Let believers get the profit.

[FloatesMcgoates]

Labcoin will not break .002849 unless hash rate increases. 800 GH already propelled labcoin from .0016-->.0025-.0028, positive speculation has already been factored into the market.

It hasn't, though.

The news hasn't even fully disseminated yet. It came out on a Saturday night when many weren't paying attention and Europe was asleep.

So there's much more speculation on this news alone to come.

You must be one of the people who made the mistake of selling in front of that wall.  

Doesn't matter, the price has already been factored in

edit: And yes I did sell a few satoshis in front of the wall because if things go as I expect, then I profit. If things continue to go well for labcoin, then I just buy back into the wall for a loss of transaction fees only. Risk/reward clearly favored selling for a few satoshis in front of wall

[iCEBREAKER]

Ha!  Another jealous Euro-bigot talks crap about America and gets shit all over his face.  Nice one AnalSky.

I love you too ice.

It's funny because you causally condemned all Americans for supposedly practicing exactly what you did, ie Manichaeism.   

[BitThink]

In any case, labcoin will probably stagnate between .0026-.0028 for about a day or two before it either booms due to increased hashrate or falls due to stagnant hashrate.

There is no chance whatsoever that this is going to happen.  None.

Agreed.  Speculation will be positive rather than neutral, unless we go more than 2 days without a hash rate increase..

Labcoin will not break .002849 unless hash rate increases. 800 GH already propelled labcoin from .0016-->.0025-.0028, positive speculation has already been factored into the market. Theswede has given out a new deadline to increase hashrate within a day, my point is that if hashrate does not increase within this period of time, then the price will fall while if the hashrate actually does go up then we will see .002849+

Given labcoin's track record on following through with announcements, the most likely series of events will be
1.) Hashrate does not go up for a day (maybe two)
2.) Price drops to .002-.0022
3.) ?
4.) swede makes an announcement of an announcement
5.) Price increases to .0025-.0028
6.) Deadline for swede's announcement passes, no announcement
7.) Price declines to .002-.0022
8.) 1 week after the initial deadline to increase hashrate, hashrate increases and stock goes to .0028-.003

This.

[dhenson]

http://www.reddit.com/r/Bitcoin/comments/1mvqhh/labcoin_actually_begins_hashing_price_soars_on/

[Ytterbium]

going to sleep so when i wake up i see past .004s dividend in a few days and we'll probably see 1BTC's and 50TH after lol. 500TH in december this goes to 5BTC+/share.

You think labcoin will have a market capitalization of 50 million bitcoins?

Wtf is wrong with you people. Yet 1 more empty fucking update. They could put the icing on the cake by posting a pic/vid of their chips hashing and everyone would just stfu, but yet they choose not to. Read the mother fucking writing on the wall. If they refuse to post a pic/vid they are 100% just using somebody else's chips. NOTHING HAS CHANGED AND THE WARNING WILL REMAIN LISTED AS IT FUCKING SHOULD.

Right now is your absolute last chance to get out at a good price I shit you not.

TL;DR: Wah wah wah I missed the boat.

[BitCsByBit]

http://www.reddit.com/r/Bitcoin/comments/1mvqhh/labcoin_actually_begins_hashing_price_soars_on/

Nice!

[Bitcycle]

edit: And yes I did sell a few satoshis in front of the wall because if things go as I expect, then I profit. If things continue to go well for labcoin, then I just buy back into the wall for a loss of transaction fees only. Risk/reward clearly favored selling for a few satoshis in front of wall

There's going to be an awful lot of competition to buy back in.  More shares will have sold in front of the wall than are in the wall.

Good luck.

[dhenson]

They must have solved any stability issues as they have been pretty solid over the last few hours.

Hopefully we will receive some more info on progress while the tone in this thread is positive and not so combative.

[ThePeshMod]

Am I looking at a different BTC Guild?!? There is no team "24 Labcoin"... I don't want to cause FUD or anything, I have been holding from the beginning without any sales. But I don't see such a team, where are you guys looking:

http://i40.tinypic.com/11vmuqf.jpg

http://i44.tinypic.com/soo4l5.jpg

EDIT: The "labcoin": team you see at the bottom was there long before the announcement. Is it them?

EDT2: LOL, thanks VolanicEruptor, it seems I misunderstood the message from TheSwede... Disregard this post  

[VolanicEruptor]

24 was its place on the list..
as you can see labcoin is now 22

[KCBitcoin]

UPDATE:

Though the launch of the mining operation has been delayed and the team is still tweaking miners we now have around 800gh hashing at btcguild at:

http://www.btcguild.com/index.php?page=rankings&section=teams

The Labcoin team is currently listed as 24 Labcoin.

This is quite dumb to put a '24' in front of labcoin.

[dhenson]

24 was its place on the list..
as you can see labcoin is now 22

I would just add that the labcoin team on btcguild requires a pin, so it would be fair to assume it is just them hashing towards the current total.

[demzie]

UPDATE:

Though the launch of the mining operation has been delayed and the team is still tweaking miners we now have around 800gh hashing at btcguild at:

http://www.btcguild.com/index.php?page=rankings&section=teams

The Labcoin team is currently listed as 24 Labcoin.

This is quite dumb to put a '24' in front of labcoin.

Yes it would be better if it stated nr. 1 hahaha
Its the btcguild rank

[Ytterbium]

UPDATE:

Though the launch of the mining operation has been delayed and the team is still tweaking miners we now have around 800gh hashing at btcguild at:

http://www.btcguild.com/index.php?page=rankings&section=teams

The Labcoin team is currently listed as 24 Labcoin.

This is quite dumb to put a '24' in front of labcoin.

He took a screenshot and everything