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

[zefyr0s]

I am not qualified in hardware development, i do have a general IT background and have managed several software development projects.
We will try our best to reply all questions during the session tomorrow.

Are you actually going to show up this time? And not send an understudy of someone, who at this point doesn't even work for your 'company'.

[velacreations]

I'm just throwing this out there, but if you want a PR person, I'll do it for only 500 btc.

[Luckybit]

Outsourcing sounds like a sane decision. If one cant do it alone he should let others, with more knowledge, do it. Sometimes admitting that you dont know further is a hard thing. So i see this as a good sign.

Anyway... keeping aside all this emotions, the fear and talk... i still see a company that has slight results, problems with hardware and time problems. As if this is something new for asic companies...

Besides that i did not find a real reason that this is would be a scam. And it doesnt make sense anyway to move this on after you already got all the money from IPO.

Whatever... the price is low enough to buy in. Panic is not a real indicator for the worth of future divs. And im only interested in divs. With this shareprice the relation between potential reward and total loss is good.

Some people should keep the saying "never trade on emotions" in mind. Thats prone to errors. And i fall for it often enough. Saying that... its still possible to lose everything... but what i see doesnt look to me like something that justifies crashing the price.

At the end its a gamble like every investment... and the lots are cheap now.

And with the current hash rate what do you think the divs will be?

[Anotheranonlol]

Outsourcing sounds like a sane decision. If one cant do it alone he should let others, with more knowledge, do it. Sometimes admitting that you dont know further is a hard thing. So i see this as a good sign.

Anyway... keeping aside all this emotions, the fear and talk... i still see a company that has slight results, problems with hardware and time problems. As if this is something new for asic companies...

Besides that i did not find a real reason that this is would be a scam. And it doesnt make sense anyway to move this on after you already got all the money from IPO.

Whatever... the price is low enough to buy in. Panic is not a real indicator for the worth of future divs. And im only interested in divs. With this shareprice the relation between potential reward and total loss is good.

Some people should keep the saying "never trade on emotions" in mind. Thats prone to errors. And i fall for it often enough. Saying that... its still possible to lose everything... but what i see doesnt look to me like something that justifies crashing the price.

At the end its a gamble like every investment... and the lots are cheap now.

if i was religous man, i'd pray for you. naivety knows no bounds
you've got 2 chances of making any sort of money here, none of which follow the original plan and both of which rely on finding a bigger set of fools

[VolanicEruptor]

Outsourcing sounds like a sane decision. If one cant do it alone he should let others, with more knowledge, do it. Sometimes admitting that you dont know further is a hard thing. So i see this as a good sign.

Anyway... keeping aside all this emotions, the fear and talk... i still see a company that has slight results, problems with hardware and time problems. As if this is something new for asic companies...

Besides that i did not find a real reason that this is would be a scam. And it doesnt make sense anyway to move this on after you already got all the money from IPO.

Whatever... the price is low enough to buy in. Panic is not a real indicator for the worth of future divs. And im only interested in divs. With this shareprice the relation between potential reward and total loss is good.

Some people should keep the saying "never trade on emotions" in mind. Thats prone to errors. And i fall for it often enough. Saying that... its still possible to lose everything... but what i see doesnt look to me like something that justifies crashing the price.

At the end its a gamble like every investment... and the lots are cheap now.

And with the current hash rate what do you think the divs will be?

You need to know how to use a calculator, dude.. we can't keep doing this for you.

[Luckybit]

Outsourcing sounds like a sane decision. If one cant do it alone he should let others, with more knowledge, do it. Sometimes admitting that you dont know further is a hard thing. So i see this as a good sign.

Anyway... keeping aside all this emotions, the fear and talk... i still see a company that has slight results, problems with hardware and time problems. As if this is something new for asic companies...

Besides that i did not find a real reason that this is would be a scam. And it doesnt make sense anyway to move this on after you already got all the money from IPO.

Whatever... the price is low enough to buy in. Panic is not a real indicator for the worth of future divs. And im only interested in divs. With this shareprice the relation between potential reward and total loss is good.

Some people should keep the saying "never trade on emotions" in mind. Thats prone to errors. And i fall for it often enough. Saying that... its still possible to lose everything... but what i see doesnt look to me like something that justifies crashing the price.

At the end its a gamble like every investment... and the lots are cheap now.

if i was religous man, i'd pray for you. naivety knows no bounds
you've got 2 chances of making any sort of money here, none of which follow the original plan and both of which rely on finding a bigger set of fools

A sucker is born every minute.

[Bitcycle]

Yeah, I wish I'd dumped at 0.0002502.

 

[velacreations]

Yeah, I wish I'd dumped at 0.0002502.

 

You will tomorrow

[JohnyBigs]

And the morons who bought at .0006 lost 50% and are dumping lols

[velacreations]

And the morons who bought at .0006 lost 50% and are dumping lols

Was that you?

[JohnyBigs]

A Labcoin appears just as the price tanks. Haven't we seen that before?

Also, where's the million shares?

Some amounts of shares were used as payouts for team members, including theSwede.

They have no money to pay people, are paying them by selling shares, any second now before the bankruptcy announcement.

[Luckybit]

And the morons who bought at .0006 lost 50% and are dumping lols

They'll buy again at 0.0003 and dump at 0.0001 and keep doing this all the way down to 0.00001 and 0.000001 forever. It's gambling addiction and its hot potato.

[dwdoc]

I found this 8/29/13 analysis on a chinese blog. it's outdated but interesting IMO. I like how the translation changes friedcat to "baked cat" and "roast cat." 
Sorry about the formatting- I tried to import it as HTML but failed.

Babbitt Forum 's Archiver
Block > Investment / Stocks > Labcoin-baked cat potentially strong opponents?

Golden Sun Post at 2013-8-29 11:17:49
Labcoin-baked cat potentially strong opponents?
Recently, a person familiar with the site team broke Labcoin Background: Labcoin belongs iTec company actually is located in Shenzhen Integrated Circuit Design Industrial Base (SZICC) of the “Ait Technology Co., Ltd.,” the company’s contact details in the column was left true Phone (http://www.szicc.net/Portals/LinkUs.aspx?UID=227), informed sources claimed, the company previously had telephoned, asking Labcoin matters. Who answered the phone was a Frankenstein, admitted Labcoin thing, and will reveal how very strange phone, the details, the company was changed immediately contact page. Contact the original screenshot (picture through site modification process): after read: Labcoin MPW service customers had been scheduled release of information form if you look carefully, you will find “Telephone” column is not altered completely, you do not even You can see some clear digital, tail number 6781, consistent with insiders broke the picture, and this confirms the authenticity of the company’s background. August 19 Labcoin spokesman TheSwede75 update in the official posts in Progress: brief translation is as follows: the first generation chip will arrive within a week, a total of 2500, Labcoin expected to comply with at least 2000 “product quality standards,” Mining machines PCB board and electronic devices will be delivered within a few days after arrival chip. To speed up the development process mining machine, PCB board not tested before booking, but Labcoin have done comprehensive simulations, assuming PCB board without any problems. Once the PCB board any problem within a week will have a new PCB board made ​​out, the worst case, two weeks in the case, get a new PCB board. First generation chip will immediately assembled to the mine machine, Labcoin expected in the next 3-4 weeks on-line 6T count force. Upon arrival, the first generation of chips, Labcoin will be scheduled first generation product, is expected to arrive in late September, which force 50T operator retained by the Labcoin remaining count more power reserved for OEM projects and other mining machine team. If you want to pick up mining machine mining machine or other team, you can contact sam.noi @ labcoin.com get the first generation product, I get the price and size of the chip as soon as possible after release. Labcoin first phase is expected to force mining operators in the mid to late 10 outputs reach 50T or more. Labcoin official website will be updated after, showing the latest progress of the mining machine design. This message is one, Labcoin rally in the share price immediately set off again, standing on the cusp.Informed sources told, Labcoin where the industrial park (Shenzhen Integrated Circuit Design Industrial Base) has strong chip design capabilities, combined with official posts updates, we have reason to believe, Labcoin is a strong R & D chip development mining machine company. After the site got broke, Bitcointalk was also carried out on broke https://bitcointalk.org/index.php?topic=263445.3000 claimed Labcoin will be August 28 before the beginning of the test-generation chip, wafer plant for TSMC Fab12 TMED87, TSMC plans SZICC program http://www.szicc.net/UploadFile/File/2013062714360271875007525.pdf, ITech on display in SZICC address http://www.szicc.net/Portals/CompanyIndex.aspx?UID=227 --------------------------------------------- To be honest, I had In Labcoin IPO initial very optimistic, that is only speculation misappropriating their concrete deeds of the team, this group of friends BTC stocks can attest. But after insider broke the news, I think Labcoin than I imagined to be reliable. ASICMINER (roast cat) has a very good early advantage, especially reflected in the proportion of the above calculation power, but that does not mean he can a single large. There are many proven understated muffled fortune of the team, such as mining machine TMR team with little exposure, but low-key spot ore out of his own machine. Bitfury mine is in the private pool https://ghash.io/ proved itself a stable force 80T operator the ability to market and what the future of mining Who Controls? Let us wait and see! Disclaimer: I hold Labcoin stock, the above article only constitute investment advice, BTC stock market risk, caution admission. I have no chip design background, hasty drafting, fallible, welcome to you Tell me criticism. Author: blues

http://bbs.8btc.com/archiver/tid-547.html

 

[superduh]

what's the current consensus.. is the reward worth the risk? the company is only valued at about $600k at the moment. if they actually deliver and fix issues....
although i am confused why howard was used specifically given that he states he specializes in bluetooth and rfids- hmm.

[Bitcycle]

what's the current consensus.. is the reward worth the risk? the company is only valued at about $600k at the moment. if they actually deliver and fix issues....
although i am confused why howard was used specifically given that he states he specializes in bluetooth and rfids- hmm.

Not a scam, but the person leading it may not be competent enough to make it work.

Place your bets.

[richard_dein]

If someone's interested in a last straw, they probably planned to make real machines while still screwing people, like BFL.

They may have planned to keep dividends to themselves for as long as possible, while at the same time trying to dump their stock at good prices. Perhaps they didn't plan to make that many chips, they made just enough to keep a large chunk of IPO money and bring the stock price to the moon for a while. Too bad, they fired Howard Wang too early.

As long as they don't leave behind evidence that make them a blatant scam, they have some room to wiggle and maximize profit. After all, for what they've done they may just as well produce something real; they would really have sold more of their 3mil shares if they didn't at least believe they'd make real chips. It's a lot more profitable and low-risk than running a complete scam at this level of sophistication - it seems TheSeven did receive some legit questions on 65nm chips.

They have been extremely stubborn in taking advice on hardware design, so it is unlikely we would see real improvement in a matter of months.

In the current situation, buying in now means you trust 1) they won't run away with the money they have left 2) their current chips work. For the gamblers, things may get better in the short term if they finally become listed at Bitfunder or deployed just enough massively underclocked chips to get some real hashrate.

[kingcrimson]

I put out an overview of the Labcoin situation.

http://www.reddit.com/r/Bitcoin/comments/1ncckq/labcoin_has_been_outed_as_a_scam_run_by_notorious/

Pass this link around so everyone has a chance to decide for themselves.

[velacreations]

Not a scam

and the evidence for this is what? 
Labcon saying "I promise we're not scamming you"

[Bitcycle]

I put out an overview of the Labcoin situation.

http://www.reddit.com/r/Bitcoin/comments/1ncckq/labcoin_has_been_outed_as_a_scam_run_by_notorious/

Pass this link around so everyone has a chance to decide for themselves.

Yes, your title clearly indicates you'd like people to decide for themselves.

 

[velacreations]

Daniel Larsson (TheSwede75)
- Marketer, member of Bitcointalk, group-buy manager and bitcoin enthusiast. Acting as communications assistant with Labcoin.com in IPO and marketing.
- Completely left in the dark about all company activities and is therefore completely irrelevant.

My opinion is that is wrong. Swede is not left in the darf about anything. He's a part of this.
You can't have someone who is supposed to be the direct information relay and he hasn't gotten really suspicious when he has direct communication with "them". No way. He is a part of this.

yeah, it's very suspicious.  what ever happened with that 950 btc conspiracy?