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

[BitThink]

Moreover, Why do it now when there could be a very important chat soon? How can it be any worse tomorrow?

Because, alas, most previous announcements of announcements had a direct impact on the share price, cutting it sometimes by half.

This is just the cold truth, sorry...

That only matters to someone waiting for better chance to buy back. For me, not much difference between 0.0002 and 0.0001.

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[Mabsark]

It is looking bad, but this has altered the risk reward ratio.. More risk and a much higher reward. I've bought some more as I love a gamble.. The whole premise of this from the beginning was a 1 in 10 shot of it happening. Now they have chips, but they are fucked or the pcb is fucked. Either way I don't believe it is vapourware or a scam. Ill be a bag holder if it is a scam, but that's why I've invested what I can afford to lose. I won't be bankrupt, I will be pissed off that I made a bad call. If people are investing more than they can afford to lose then they are the fools

Read the past 5 pages to aknowledge this is guaranteed a known scam, you are not gambling you are throwing your money down the bin.but hey maybe  you hit my sell orders

There hasn't been a single scrap of evidence showing that Labcoin is "guaranteed a known scam".

copy and pasted from reddit as i can;t be bothered to write this all up my self........


All this info is public so does not count as doxxing or a witch hunt. This is merely connecting the dots of Labcoin. So one of the founders of Labcoin is 'Fabrizio Tatti' owner of iTec-Pro.
People discovered his sister Alessia under her skype account Delaria, chatting about beginning the Labcoin project: http://pastebin.com/1Rq8r4UW
Confirming Labcoin = Delaria : https://bitcointalk.org/index.php?action=profile;u=120219
Searches of Alessia(Delaria) point to a prior scam involvement with Alberto Armandi. They are husband and wife.
http://www.ripoffreport.com/r/ENSO-Co/internet/ENSO-Co-Alberto-Armandi-Alessia-Tatti-Promoting-ZenPad-like-the-IPAd-and-will-take-you-590629 owner of the vaporware scam company Enso:
http://www.engadget.com/2010/04/09/ensos-zenpad-is-vaporware-get-refunds-while-they-last/
Alberto is also a notorious scammer in the bitcoin community:
http://codinginmysleep.com/lessons-learned-from-the-bdt-fiasco/
Upon searching Fabrizio Tatti's friends list on Facebook, we see a direct match, he is affiliated with both scammers: https://i.imgur.com/pWl3uCS.png
Labcoin overview listing main players: https://i.imgur.com/nE7pVnT.png
Noi, Wang and Sparmann downplay their affiliation with Labcoin, or are unreachable.
Fabrizio plays dumb: https://i.imgur.com/TolLKn6.png
Alberto and Alessia I believe are playing under the Labcoin account. Compare Labcoin's responses to Alberto response's during his bdt scam: http://imgur.com/SJ47B8d
There is also evidence that TheSwede, the PR spokesman, took a 950 bitcoin payment to front the scam. http://imgur.com/rbnK68T
At the time Labcoin went live, TheSwede was on the forums trying to buy cars and Rolexes. http://imgur.com/bCNv8Bk
TLDR: The Labcoin scam has stolen 7000 bitcoins from the community + countless others who bought through day-trading.
EDIT: Labcoin responds: https://bitcointalk.org/index.php?topic=263445.15960 "We will explain everything tomorrow on IRC"




Not a scam??  

So where's the actual evidence?

Someone called "agath" and someone called "delaria" had a conversation about involving bitcoins and ASICs. There's no mention of Labcoin or iTec Pro Ltd. Doe that prove Labcoin to be a scam? No.

The forum profile skype name does not confirm that Labcoin = delaria. I could set mine to "delaria" if I wanted to and there is more than on user on the internet called "delaria".

That ripoffreport is just a rant from a single dissatisfied customer.

There is no evidence showing that TheSwede took 950 BTC, just FUDsters suggesting it.

What TheSwede was buying with his BTC at the time of the IPO is irrelevant.


So, your "evidence" for Labcoin being a scam boils down to Fabrizio Tatti being Facebook friends with a scammer.

No evidence, all of this is just one massive coincidence related to the fallacy of labcoin. Get a grip of reality, i'm sure your in denial as you want hope that your shares might go back up, i've been burned too by this stock, i was hoping the same thing, but shits gotten real and its time to man  up and accept your losses and that this is a scam

So, what you are saying is that there is no evidence of Labcoin being a "guaranteed a known scam"? You were just telling lies? Who would have guessed?

[Puppet]

one more thing. The "one day delay until IRC chat" gives alberto the perfect opportunity to study this thread, and then come up with the least implausible story based on what we found out for sure and what we strongly suspect. He wil use that as well as any far fetched theories labcoin believers will come up with. Like I posted a long time ago, its amazing how helpful the bitcoin community is in lending credibility to obvious scams. Scamming here takes no talent really, just sit back, wait and draw on the talent of the community.  

[TMAN]

why is no one talking about the 0.85784594 BTC payment a few hours ago? People insisting this is a scam are no longer invested - why not leave us still invested to ride it out as it is? if you are worried then sell - if you aren't then you can afford to lose what you have invested!

[bclcjunkie]

possibly it's just being manipulated.. no IRC chat can save this shit stock and this time it will go down for real...

I went out at 0.0004, losing around 10btc. I dont understand how people believe this can rise again; the same way I dont get why the stock is still at 0.00025. It should be 0: they are not even trying to convince us about the truth, the are just letting the time pass.

For my, It's over, and we all have been on a perpetual denial when they have avoided to answer real questions.
If they prove in the future that we all were wrong, good for you, but its almost impossible.

[elasticband]

Face & Palm

[Mabsark]

Look at this scam:

https://www.odesk.com/o/jobs/job/_~~0004f9d9a9eea142/

The Location was posted as Italy, so for Tatti to claim he has no knowledge of Labcoin, is complete BS, this thing was posted Aug 2012.

Fishy Fishy like everything Labcoin related

Sam was supposed to be in China. Why would he be named 'Sam' anyway, it is a western name.

And the Labcoin handle really does type in more of a European way... we have plenty of Chinese posters here and they all have a distinctly different way of typing.

I really think that Sam = Alberto/Alessia

meanwhile labcoin is on the top 20 fastest miners and top 10 teams on btcguild.

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

We're raising additional funds for the project at a soddisfacent rate and the team is already onto some very good results.

not many chinaman will slip into italian tongue 

Wow great find.

This pretty much proves Sam Noi is not Chinese, he is Alberto using an italian to english translator. 

Hey guys, let's pretend that quote wasn't a complete fabrication (which is why it's not linked BTW).

[bitwhizz]

why is no one talking about the 0.85784594 BTC payment a few hours ago? People insisting this is a scam are no longer invested - why not leave us still invested to ride it out as it is? if you are worried then sell - if you aren't then you can afford to lose what you have invested!

Thats not how it works with past investors who have been burned by a scam, we can't just leave it, also i still hold some shares of scamcoin as do other critics,

[ronaldlee0917]

Noi is never a Chinese name, why would anyone assume he is ethnic Chinese?
It might be an identity he bought from some poor African dude from Fiverr.com

[BitThink]

why is no one talking about the 0.85784594 BTC payment a few hours ago? People insisting this is a scam are no longer invested - why not leave us still invested to ride it out as it is? if you are worried then sell - if you aren't then you can afford to lose what you have invested!

+1

Exactly.

Here I just remind the new comers to be far away from this stock despite its cheap price now, unless you know you are gambling. To the current bag holders, like me, no point to panic sell now, unless you can get more than half back or you are gambling to buy the shares back at lower price. Otherwise, you are giving away money to those appearing to help you by putting low price bids:) (no offend to them). Those guys will not be here if they already confirm it is not worth even 1 satoshi. Are they really so kind to be here to contribute time and energy just to warn us to not lose the last 10%? Maybe, but I doubt it.

[TMAN]

why is no one talking about the 0.85784594 BTC payment a few hours ago? People insisting this is a scam are no longer invested - why not leave us still invested to ride it out as it is? if you are worried then sell - if you aren't then you can afford to lose what you have invested!

Thats not how it works with past investors who have been burned by a scam, we can't just leave it, also i still hold some shares of scamcoin as do other critics,

All these accusations are pushing the project to fail. They have said they have now outsourced the issues, that's positive....

[zumzero]

You lot really do make me laugh.  You go off and do your research with the intention of finding out that Labcoin is a scam.  You find a tenuous link to through Facebook for something that wouldn't stand up in court and that's enough to fuel your witchhunt?

The fact of the matter is, those who have sold have made a grave error and those who have bought, and are currently buying will have the last laugh.

And believe me when I say, these exceptionally low prices are a time limited offer.

I have been following this stock for the last 600 pages and have been a fairly active FUDster.  I have manipulated the price down and the weak hands have sold, over and over.  I waited until last night to buy my first Labcoin shares and now hold a large number.  So thank you to those who sold to me, you are about to learn a very important lesson in trading!

BUY! BUY! BUY!  

[Mabsark]

meanwhile labcoin is on the top 20 fastest miners and top 10 teams on btcguild.

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

We're raising additional funds for the project at a soddisfacent rate and the team is already onto some very good results.

not many chinaman will slip into italian tongue 

Wow great find.

This pretty much proves Sam Noi is not Chinese, he is Alberto using an italian to english translator. 

It's not a new find...

meanwhile labcoin is on the top 20 fastest miners and top 10 teams on btcguild.

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

We're raising additional funds for the project at a soddisfacent rate and the team is already onto some very good results.

I don't think I've ever seen the word "soddisfacent" before.  Is that english?  I see that there is an Italian word that is similar which means "satisfactory".  Does that mean you are not looking for investors?

Admittedly yes, the word "soddisfacent" doesn't exist in English language. Satisfactory is the right word.thanks for the head up.
We are not selling pre-orders, but talks with investors are open, just pm us.

Cheers

EDIT: spelling

...and while it is suspicious, lots of people who learn other languages learn more than one.

That "soddisfacent" quote is a complete fabrication. Click the link for that quote and it takes you to a thread titled, "Re: new startup about to launch".

Are people really this stupid?

[Deprived]

So Armando used the couple of ASICs he bought with the money stole in his last scam (he admitted to having bought ASICs with it instead of returning it) then used the few coins he mined with them to convince people he'd manufactured his own ASICs?

Priceless.

[bitwhizz]

You lot really do make me laugh.  You go off and do your research with the intention of finding out that Labcoin is a scam.  You find a tenuous link to through Facebook for something that wouldn't stand up in court and that's enough to fuel your witchhunt?

The fact of the matter is, those who have sold have made a grave error and those who have bought, and are currently buying will have the last laugh.

And believe me when I say, these exceptionally low prices are a time limited offer.

I have been following this stock for the last 600 pages and have been a fairly active FUDster.  I have manipulated the price down and the weak hands have sold, over and over.  I waited until last night to buy my first Labcoin shares and now hold a large number.  So thank you to those who sold to me, you are about to learn a very important lesson in trading!

BUY! BUY! BUY!  

You look a bit like fabriozzi in your avatar, sure your not him?

[ronaldlee0917]

So Armando used the couple of ASICs he bought with the money stole in his last scam (he admitted to having bought ASICs with it instead of returning it) then used the few coins he mined with them to convince people he'd manufactured his own ASICs?

Priceless.

Explains why we are stuck with 600-800GH

[TMAN]

You lot really do make me laugh.  You go off and do your research with the intention of finding out that Labcoin is a scam.  You find a tenuous link to through Facebook for something that wouldn't stand up in court and that's enough to fuel your witchhunt?

The fact of the matter is, those who have sold have made a grave error and those who have bought, and are currently buying will have the last laugh.

And believe me when I say, these exceptionally low prices are a time limited offer.

I have been following this stock for the last 600 pages and have been a fairly active FUDster.  I have manipulated the price down and the weak hands have sold, over and over.  I waited until last night to buy my first Labcoin shares and now hold a large number.  So thank you to those who sold to me, you are about to learn a very important lesson in trading!

BUY! BUY! BUY!  

Wow some honesty from a fudster. I like your style, how many k did you get?

[bclcjunkie]

good for you mate... you deserve it... now what will you do when burnside takes the btct.co down? as far as i know they don't seem to be in hurry to migrate shares, what are they waiting for?

October 7, 2013, all forms of secondary market trading will be halted on both sites.
 
Approximately October 31, 2013, both sites will be taken offline.  It is strongly suggested that participants take the following steps to protect all of their virtual assets:

You lot really do make me laugh.  You go off and do your research with the intention of finding out that Labcoin is a scam.  You find a tenuous link to through Facebook for something that wouldn't stand up in court and that's enough to fuel your witchhunt?

The fact of the matter is, those who have sold have made a grave error and those who have bought, and are currently buying will have the last laugh.

And believe me when I say, these exceptionally low prices are a time limited offer.

I have been following this stock for the last 600 pages and have been a fairly active FUDster.  I have manipulated the price down and the weak hands have sold, over and over.  I waited until last night to buy my first Labcoin shares and now hold a large number.  So thank you to those who sold to me, you are about to learn a very important lesson in trading!

BUY! BUY! BUY!  

[TMAN]

good for you mate... you deserve it... now what will you do when burnside takes the btct.co down? as far as i know they don't seem to be in hurry to migrate shares, what are they waiting for?

October 7, 2013, all forms of secondary market trading will be halted on both sites.
 
Approximately October 31, 2013, both sites will be taken offline.  It is strongly suggested that participants take the following steps to protect all of their virtual assets:

You lot really do make me laugh.  You go off and do your research with the intention of finding out that Labcoin is a scam.  You find a tenuous link to through Facebook for something that wouldn't stand up in court and that's enough to fuel your witchhunt?

The fact of the matter is, those who have sold have made a grave error and those who have bought, and are currently buying will have the last laugh.

And believe me when I say, these exceptionally low prices are a time limited offer.

I have been following this stock for the last 600 pages and have been a fairly active FUDster.  I have manipulated the price down and the weak hands have sold, over and over.  I waited until last night to buy my first Labcoin shares and now hold a large number.  So thank you to those who sold to me, you are about to learn a very important lesson in trading!

BUY! BUY! BUY!  

Waiting for bitfunder and bitfunder aren't taking new assets till next week,

[kingcrimson]

Here is the thread with the typo, not a fabrication: https://bitcointalk.org/index.php?topic=209553.20