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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1079883 times)
Sou
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September 27, 2013, 10:27:08 AM
 #15041

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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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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BitThink
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September 27, 2013, 10:28:34 AM
 #15042

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.
ronaldlee0917
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September 27, 2013, 10:30:07 AM
 #15043

.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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September 27, 2013, 10:37:20 AM
 #15044

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.
BitThink
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September 27, 2013, 10:43:23 AM
 #15045

.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.
BitThink
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September 27, 2013, 10:45:37 AM
 #15046

What happened? It seems the price has recovered a lot.
Zakryze
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September 27, 2013, 10:46:20 AM
 #15047

.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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BitThink
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September 27, 2013, 10:47:31 AM
 #15048

.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.
lzr1900
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September 27, 2013, 10:51:55 AM
 #15049

I'm going to die. Cry Cry Cry Cry Cry
Zakryze
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September 27, 2013, 10:56:18 AM
 #15050

I'm going to die. Cry Cry Cry Cry Cry
dont worry, you're not alone. See it as the biggest gift mother nature has to offer.

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Zubilica
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September 27, 2013, 11:02:01 AM
 #15051

What happened? It seems the price has recovered a lot.

you seem to have missed one extra 0 after 0.0005930
GreekGeek
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September 27, 2013, 11:02:35 AM
 #15052

I'm going to die. Cry Cry Cry Cry Cry

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

retirement fund : 1NBM5DM317RfWsHXKUfPUDtba2scavpPoB
BitThink
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September 27, 2013, 11:08:25 AM
 #15053

What happened? It seems the price has recovered a lot.

you seem to have missed one extra 0 after 0.0005930
I mean from 0.0002.Smiley
cw92
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September 27, 2013, 11:11:27 AM
 #15054

.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.  
bitwhizz
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September 27, 2013, 11:13:17 AM
 #15055

Have we got the full names of those. Behind lab coin if this turns out to be a scam ?
BitThink
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September 27, 2013, 11:17:42 AM
 #15056

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.
BitThink
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September 27, 2013, 11:19:50 AM
 #15057

He is definitelly Italian, probably born in Sardinia
http://matadornetwork.com/community/members/tepepa/

initially worked as a store manager in Italy on a company called Brico
http://www.linkedin.com/in/fabriziotatti

Around 2009, he moved to Zhuhai, Guangdong, China and became an English teacher in a Kindergarten
http://www.localyte.com/profile/187968--China--Guangdong--Zhuhai

Eventually he moved to Shenzhen, Guangdong (which is not far away from Zhuhai), he founded iTec Pro (owner of Labcoin) and he also works with "International Marketing" in OPPO, a smarthpone manufacturer.
http://www.linkedin.com/in/fabriziotatti
http://www.zoominfo.com/p/Fabrizio-Tatti/1950368090

He was born on Jul 3 1982 (Age 31).
http://www.oppoforums.com/members/fabrizio-t.10738/

He's a vegetarian
http://www.happycow.net/members/profile_pb.php?id=65643

Likes to play badminton and rock climbing
http://www.gzstuff.com/groups/group/listForContributor?user=103wtqabccjz8

At least we have detailed information of the key one listed in the contract.
TMAN
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September 27, 2013, 11:20:53 AM
 #15058

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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September 27, 2013, 11:23:08 AM
 #15059

https://twitter.com/TheSwede75

Andrew 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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September 27, 2013, 11:24:24 AM
 #15060

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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