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

[BitCsByBit]

I'll just put this here:

http://blockchain.info/tx/1fb6257ca1a61f10a03c742b7000f542776a7ad7c5f81aef98f2a31fa6c0f542

tl;dr - 251.9519 BTC payout from Just-Dice hot wallet to the above mentioned Labcoin wallet used for the IPO.

Nice catch. Wonder if this could be labcoin too:

Nope, I believe was mechs.

Edited.

[bitmoon]

hi guys

meh, im so griefed after btct shutdown. some ppl actually pushed to buy above 0.002 after trade resume, then it started collapse very hard after people made up there mind not keep stay with them with btct shutdown.

so next is to wait and see there next so called promise 15th october right to get the stuff back? if not maybe delay for 2-3 days, then after that if nothing, we kiss ourself good bye on mirror.

if they get there stuff, at this point i dont care if its there own asic or not, and it hits 2-6 TH, then some people will go with smile on there face to bed.

then next, when they have that 6TH running, then next week gets listed on bitfunder, then people with the smile happly places ask walls of high prices, would griefed people buy back?

assume, they started nearing 20TH from 6TH, on october 21,  will stock rise?  i feel many people will not come buy back at higher price, not sure how people mind work.

Look up the meaning of scam.

scam word does not matter at this point for most people, cuase we are already on loss. if that next promise dont happen, then truth is solidified , and most ppl will bite there lower lip with there upper tooth sets.

again, its already a loss, those who paid very huge, are in different sort of grief level. (they might get grief over again, if they hash 6TH on next week).

i say again, for me, its useless now, all im hoping what he said on QA is true,

[TsuyokuNaritai]

Serious question: is there any evidence that Sam is a real person?

[Bitcycle]

This company is never going to be listed on another exchange.

They have lied and misrepresented themselves in provable ways.  


Labcoin_dev was NOT Howard Wang's assistant as he represented himself to be.  Howard Wang has no idea who he was and said that whoever it was made a number of technical errors.  This is not rumor or supposition, this is verified fact.

Howard also stated he never turned over the design files for the chip.  Without those, there is no way they could have manufactured his chip.  It's not possible.


Given these blatant lies to shareholders, their actual plans are irrelevant.  No exchange is going to take them. It's not a gamble, it's not going to happen. Period.

[Bitcycle]

Serious question: is there any evidence that Sam is a real person?

Howard did say that Sam was cc'd on some emails that he received.  Howard never interacted with Sam directly, however.

[dexX7]

Blockchain.info

If you start with the dividend wallet 17psAW21J4twanAFWmbcd5WdX2pKeX3trm and follow the money, it takes you all the way to the IPO funds.

Expect to spend some time analysing it.

I found another 2,631.9077 BTC elsewhere, but it seems to be spent for some hardware. I'm waiting for a response regarding whom does that wallet belong to.

Potentially hardware labcoin promised for the mid October hash rate.

Would it be possible that you may post all "known" addresses from Labcoin with a short explaination? Thanks.

Edit: pleasealso include possible paths + direction.

[Bitcycle]

Blockchain.info

If you start with the dividend wallet 17psAW21J4twanAFWmbcd5WdX2pKeX3trm and follow the money, it takes you all the way to the IPO funds.

Why would the dividend wallet connect to the ipo wallet?  Funds should never move between the two...

[ssshhh]

So labcoin has been looking to replace him for over a month?! No tapeout for the 130nm chip?!  WTF!

Not even a tapeout of the 180nm chip; they dont have anything, and thats even less than I was willing to believe.

On the bright side, no tapeouts and no chips means they had virtually zero expenses. If you are gullible enough to believe serial liars and scammers routinely return their loot to their victims, labcoin should still have almost all of the IPO coins.

'Sam' said they only had about half of the IPO funds left.

And ofcourse he would never lie about such things.

Here is the "unspent" money:

http://blockchain.info/address/15p8MtnUt7qxLus7v6V5d61fDGRAX3tVTY

SOURCE?

Follow the money from the IPO:
http://blockchain.info/tx/94ece99ddeef16696fa5a4ebe05a6e3f3e08695a521c51a644c3af63b4b47109

Labcoin wallet where they received the IPO funds:
http://blockchain.info/address/1ovYFPS1HiGFMQVTB3vuWtnEpGvRxZ6H7

Does anyone know how accurate the "Tree view" is on blockchain.info

http://blockchain.info/tree/82917927

[BitCsByBit]

Blockchain.info

If you start with the dividend wallet 17psAW21J4twanAFWmbcd5WdX2pKeX3trm and follow the money, it takes you all the way to the IPO funds.

Expect to spend some time analysing it.

I found another 2,631.9077 BTC elsewhere, but it seems to be spent for some hardware. I'm waiting for a response regarding whom does that wallet belong to.

Potentially hardware labcoin promised for the mid October hash rate.

Would it be possible that you may post all "known" addresses from Labcoin with a short explaination? Thanks.

dex, for some reason the money has been moved around a LOT, and it has gone through many different wallets.
In some wallets funds stayed only around 30 minutes before being split and moved, it almost seems that they were trying to make it difficult to trace it.
I don't have time to compile all the details right now.

[drawingthesun]

Does anyone know how accurate the "Tree view" is on blockchain.info

http://blockchain.info/tree/82917927

Well the country flags can be very inaccurate, but the transaction path is known as its just reading the blockchain. (If you are asking, "is the transaction tree accurate?" then yes its 100% accurate)

EDIT: However I am not sure that is Labcoin's coins. It looks like its a gamblers coins. I think you are tracing the wrong person.

[ssshhh]

Does anyone know how accurate the "Tree view" is on blockchain.info

http://blockchain.info/tree/82917927

Well the country flags can be very inaccurate, but the transaction path is known as its just reading the blockchain. (If you are asking, "is the transaction tree accurate?" then yes its 100% accurate)

EDIT: However I am not sure that is Labcoin's coins. It looks like its a gamblers coins. I think you are tracing the wrong person.

Thanks.  Reason for asking is that a bulk of the remaining funds have passed few a few stateside wallets, but if the I.P(s) are inaccurate this line of investigation will be fruitless..

[drawingthesun]

Thanks.  Reason for asking is that a bulk of the remaining funds have passed few a few stateside wallets, but if the I.P(s) are inaccurate this line of investigation will be fruitless..

I heard that the IP addresses are the miners that relayed those transactions or the node's IP that relayed the transaction to the miner that confirmed the transaction, either situation would not show the IP of the person who actually moved the coins unless they connected directly to the miner which is a rare thing.

I could be wrong.

[BitCsByBit]

Blockchain.info

If you start with the dividend wallet 17psAW21J4twanAFWmbcd5WdX2pKeX3trm and follow the money, it takes you all the way to the IPO funds.

Why would the dividend wallet connect to the ipo wallet?  Funds should never move between the two...

Sure, also why would the dividends from 17psAW21J4twanAFWmbcd5WdX2pKeX3trm be moved to 2 different addresses before being paid out? Don't you think that's strange as well?

03/Oct/13     10.57764752 BTC     1EoWoQ3XFJwF4kNw39hhnP4xC96pVXbwXt
24/Sep/13     14.66844734 BTC     19z5qVRTbMKkBwecQM3FFTeqQbPfkUwQsY

[JimiQ84]

Blockchain.info

If you start with the dividend wallet 17psAW21J4twanAFWmbcd5WdX2pKeX3trm and follow the money, it takes you all the way to the IPO funds.

Why would the dividend wallet connect to the ipo wallet?  Funds should never move between the two...

Sure, also why would the dividends from 17psAW21J4twanAFWmbcd5WdX2pKeX3trm be moved to 2 different addresses before being paid out? Don't you think that's strange as well?

03/Oct/13     10.57764752 BTC     1EoWoQ3XFJwF4kNw39hhnP4xC96pVXbwXt
24/Sep/13     14.66844734 BTC     19z5qVRTbMKkBwecQM3FFTeqQbPfkUwQsY

aren't those internal btct.co addresses?

[BitCsByBit]

Blockchain.info

If you start with the dividend wallet 17psAW21J4twanAFWmbcd5WdX2pKeX3trm and follow the money, it takes you all the way to the IPO funds.

Why would the dividend wallet connect to the ipo wallet?  Funds should never move between the two...

Sure, also why would the dividends from 17psAW21J4twanAFWmbcd5WdX2pKeX3trm be moved to 2 different addresses before being paid out? Don't you think that's strange as well?

03/Oct/13     10.57764752 BTC     1EoWoQ3XFJwF4kNw39hhnP4xC96pVXbwXt
24/Sep/13     14.66844734 BTC     19z5qVRTbMKkBwecQM3FFTeqQbPfkUwQsY

aren't those internal btct.co addresses?

17psAW21J4twanAFWmbcd5WdX2pKeX3trm  is a labcoin div address.

Not sure about the other 2, but I would find it strange that labcoin would be forwarding the dividends to a different btct address each week.

[Bitcycle]

I'd have thought Sam would have been anxious to come here and share some good news about his progress.

Maybe clarify a few issues as well.

And yet...where is he?

[ampu]

I'd have thought Sam would have been anxious to come here and share some good news about his progress.

Maybe clarify a few issues as well.

And yet...where is he?

And where is TheSwede75?

[ShroomsKit]

I'd have thought Sam would have been anxious to come here and share some good news about his progress.

Maybe clarify a few issues as well.

And yet...where is he?

It's a scam. You didn't notice this yet?

[bitmoon]

I'd have thought Sam would have been anxious to come here and share some good news about his progress.

Maybe clarify a few issues as well.

And yet...where is he?

lol, he didnt bother to post on btct for investors during bitcointalk offline, so why he should here.

if nothing comes up until next week, or even showing up then its over, all the log therefore is solidified truth.

[bitmoon]

seroiusly im fed up, only reason im here is cuase TheSeven was part of team,  i got interested in his asic's he made and he sold some and released opensource code and simple schematic.

bah, why didnt theseven rescue us from this mess, if he experienced same communication problem and performance.

same applies to howard,  they didnt give a shred of word or hint to safe us from mess going way far.

we got tree shaken up n down, ppl kept losing, some profitting, i believe for a few ppl to profit, there are huge ppl has to lose.

all this time no rescue from them, atleast i heard that seven got pm-ed from investor, but his reply had no clue, just working on 65nm.

edit: i think the 65nm is halted, and they focus on current problem,  i read it some where in those logs QA , etc, u posted guys