Sou
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(Bitcoin related text here)
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September 27, 2013, 10:27:08 AM |
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Wild chaos theory:
Burnside shuts down btct after receiving information that Labcoin is indeed a scam. In an attempt to distance himself from the situation (and improve his legal defense) he shuts down btct after finding out.
UNlikely. Whether or not labcoin is a scam changes almost nothing about his liability. Its illegal to sell these shares, even if labcoin were a real enterprise. I believe the change is between bad and worse. I feel like he might just be pulling out before it's too late - there is still a chance to clean your hands, and walk away from the situation.
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BitThink
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Activity: 882
Merit: 1000
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September 27, 2013, 10:28:34 AM |
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Wild chaos theory:
Burnside shuts down btct after receiving information that Labcoin is indeed a scam. In an attempt to distance himself from the situation (and improve his legal defense) he shuts down btct after finding out.
This is impossible. If labcoin is the only trouble, he'd rather buy all the shares from the investors rather than closing his exchange.
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ronaldlee0917
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September 27, 2013, 10:30:07 AM |
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.05 btc per hour is around 350 Giga hash?
around 300-400GH which is 5 avalons = BTC300 of worth a few months ago. Dividing it by 10 million would give a justified shared price of 0.00003 which is 1/10 of the current market price. If you factor in the trustworthiness, reputation, capability of the Labcoin team and their long history of meeting promises, on-time delivery and very accurate projected hashrate, the price should be worth 1 satoshi more.
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Donation: 18zXsfnSvGjQFJ6pEiKMg2uWGcxUCfJLzu Mastercoin - A new protocol layer built on top of Bitcoin
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circuitry
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Activity: 61
Merit: 10
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September 27, 2013, 10:37:20 AM |
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If you factor in the trustworthiness, reputation, capability of the Labcoin team and their long history of meeting promises, on-time delivery and very accurate projected hashrate, the price should be worth 1 satoshi more.
Fixed that last bit.
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BitThink
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Activity: 882
Merit: 1000
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September 27, 2013, 10:43:23 AM |
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.05 btc per hour is around 350 Giga hash?
around 300-400GH which is 5 avalons = BTC300 of worth a few months ago. Dividing it by 10 million would give a justified shared price of 0.00003 which is 1/10 of the current market price. If you factor in the trustworthiness, reputation, capability of the Labcoin team and their long history of meeting promises, on-time delivery and very accurate projected hashrate, the price should be worth 1 satoshi more. If they are really avalon chips, then things maybe better than now. In that case, if there's enough pressue, they may have to buy back their shares at IPO price or be sued.
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BitThink
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Activity: 882
Merit: 1000
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September 27, 2013, 10:45:37 AM |
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What happened? It seems the price has recovered a lot.
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Zakryze
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September 27, 2013, 10:46:20 AM |
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.05 btc per hour is around 350 Giga hash?
around 300-400GH which is 5 avalons = BTC300 of worth a few months ago. Dividing it by 10 million would give a justified shared price of 0.00003 which is 1/10 of the current market price. If you factor in the trustworthiness, reputation, capability of the Labcoin team and their long history of meeting promises, on-time delivery and very accurate projected hashrate, the price should be worth 1 satoshi more. If they are really avalon chips, then things maybe better than now. In that case, if there's enough pressue, they may have to buy back their shares at IPO price or be sued. And who exactly are you going to sue?
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▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀SNttx1hwtpf8TQEK7ZBojcvQrDmBaz9QPK SFC Addy
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BitThink
Legendary
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Activity: 882
Merit: 1000
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September 27, 2013, 10:47:31 AM |
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.05 btc per hour is around 350 Giga hash?
around 300-400GH which is 5 avalons = BTC300 of worth a few months ago. Dividing it by 10 million would give a justified shared price of 0.00003 which is 1/10 of the current market price. If you factor in the trustworthiness, reputation, capability of the Labcoin team and their long history of meeting promises, on-time delivery and very accurate projected hashrate, the price should be worth 1 satoshi more. If they are really avalon chips, then things maybe better than now. In that case, if there's enough pressue, they may have to buy back their shares at IPO price or be sued. And who exactly are you going to sue? Don't worry. Please believe the power of angry investors.
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lzr1900
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September 27, 2013, 10:51:55 AM |
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Zakryze
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September 27, 2013, 10:56:18 AM |
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dont worry, you're not alone. See it as the biggest gift mother nature has to offer.
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▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀SNttx1hwtpf8TQEK7ZBojcvQrDmBaz9QPK SFC Addy
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Zubilica
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September 27, 2013, 11:02:01 AM |
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What happened? It seems the price has recovered a lot.
you seem to have missed one extra 0 after 0.0 005930
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GreekGeek
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September 27, 2013, 11:02:35 AM |
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If you are that desperate get out, save what you can I have decided that the BTCs I invested on LC are gone I even bought them back from an exchange
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retirement fund : 1NBM5DM317RfWsHXKUfPUDtba2scavpPoB
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BitThink
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Activity: 882
Merit: 1000
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September 27, 2013, 11:08:25 AM |
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What happened? It seems the price has recovered a lot.
you seem to have missed one extra 0 after 0.0 005930 I mean from 0.0002.
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cw92
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Activity: 66
Merit: 10
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September 27, 2013, 11:11:27 AM |
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.05 btc per hour is around 350 Giga hash?
around 300-400GH which is 5 avalons = BTC300 of worth a few months ago. Dividing it by 10 million would give a justified shared price of 0.00003 which is 1/10 of the current market price. If you factor in the trustworthiness, reputation, capability of the Labcoin team and their long history of meeting promises, on-time delivery and very accurate projected hashrate, the price should be worth 1 satoshi more. If they are really avalon chips, then things maybe better than now. In that case, if there's enough pressue, they may have to buy back their shares at IPO price or be sued. And who exactly are you going to sue? Don't worry. Please believe the power of angry investors. You made 40 posts over 24 hours in this thread. Not one offered any insight, reasoning, or really anything besides your own fickle delusions. The "power of angry investors" (translation: you making 200 useless posts demanding bitcoins from various LC affiliates) is of no concern to someone in China. Fun fact: at the most recent bulk prices, 90btc worth of Friedcat's USB miners would rival Labcoin's hashrate, saving the other 6910 that I'm sure LC has an excuse for losing.
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bitwhizz
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Activity: 910
Merit: 1000
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September 27, 2013, 11:13:17 AM |
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Have we got the full names of those. Behind lab coin if this turns out to be a scam ?
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BitThink
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Activity: 882
Merit: 1000
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September 27, 2013, 11:17:42 AM |
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Hi, TheSwede75, If you can see this post, then seriously consider the legal risk of what you have done.
If I were you, I would try my best to figure out what the hell the 'Sam' did and whether there were really some working chips or not. Don't think that you are just a message passer and will be kept out of dirty if this is a scam.
Don't underestimate the power of angry investors. I guess no one believe he can just flee with $700K stealing from others and nothing will happen. The investors have to know exactly how much has been spent and how it was spent.
Above also apply to you, sneaky 'labcoin', if you can see this. I know you login every day and just keep silent.
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BitThink
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Activity: 882
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September 27, 2013, 11:19:50 AM |
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At least we have detailed information of the key one listed in the contract.
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TMAN
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Exchange Bitcoin quickly-https://blockchain.com.do
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September 27, 2013, 11:20:53 AM |
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Swede/LC.
we need some questions answering,
1) what is the current hash rate. 2) what is the issue with the chips 3) why is the hash rate not increasing as promised 4) if there are issues with the chips why have you bought more 4) what are you doing to fix the stability issues.
I think we deserve some answers.
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BitThink
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Merit: 1000
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September 27, 2013, 11:23:08 AM |
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https://twitter.com/TheSwede75Andrew James @TheSwede75 born in MN, live in the OC and married to Kristi. Long Beach, CA This may be him or not. We will see.
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AngelSky
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September 27, 2013, 11:24:24 AM |
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Swede/LC.
we need some questions answering,
1) what is the current hash rate. 2) what is the issue with the chips 3) why is the hash rate not increasing as promised 4) if there are issues with the chips why have you bought more 4) what are you doing to fix the stability issues.
I think we deserve some answers.
Hello TMAN. Thanks for your BTC. 1) 0 kH/s, as you can see on BTC Guild. 2) Doesn't work, don't know why. We're still working on it. 3) It's increasing, don't worry, soon. 4) Why not ? 5) Tweaking, don't worry. This is the best time to buy cheap share and follow my financial advices like the last time (anti-10bagger).
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