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

[ShroomsKit]

No, this list isn't going away.  It's here as a reminder of what has not been done.


It's been 8 days since this list was posted.

Unfortunately, no action items have been completed.

The list remains as it is.  I am including some suggestions added by the community, though it is important to note that these have not been agreed to by Mr. Noi.

I am PMing a reminder copy to Mr. Noi as soon as this is posted.

NOTES FROM THE Q&A

INCLUDING A TO-DO LIST FOR SAMUELE NOI.

I am PMing a copy of this to-do list to the Labcoin account as a reminder of the action items from this session.

I am also asking Mr. Noi to inform us when these items are completed.

Actions for the next 24 hours.

• Skype session with Ukyo regarding Bitfunder listing
• Posting to the forum the amount of BTC left in the company funds.
• Change pool to Eligius
• Make the labcoin portfolio public on BTCT

Other actions to complete ASAP

• Verification of ID.  A good start would be writing "I am Samuele Noi of Labcoin" and the date on a piece paper, and photograph yourself holding it.
• Photos of the hosting facilities as well as the operational boards
• Send a sample board to TheSeven.  This should be done immediately as the sooner he gets the board the sooner he can provide advice. Delays have a direct cost.
• Exact power consumption figures for the chips/boards

Actions for the community to complete ASAP

• Nominate a panel of community representatives to work closely with Samuele. This should be done immediately. We complain about delays from Sam, let's not do what we criticize him for.

Suggested additional items from the community

• Meet with a shareholder in person in Shenzhen / Hong Kong. Lunch/coffee/tea meeting etc.  Merv77 has indicated that he will be in town and available Oct 23 - Nov 11. An in person meeting with a third party could soothe a lot of anxieties.
• Provide a full accounting for all money spent so far.  A spreadsheet showing expenses and dates would be ideal.

THIS LIST WILL BE REPOSTED DAILY WITH ITEMS CHECKED OFF AS THEY ARE COMPLETED

You scare me. Are you for real?

[1714036475]

1714036475

[1714036475]

1714036475

[1714036475]

1714036475

[Bitcycle]

You scare me. Are you for real?

Crazy, huh?  I could be more like you and post 100 times without saying anything whatsoever of value, but instead I choose to do what I can to make sure that clear records are kept.

[drawingthesun]

You scare me. Are you for real?

Crazy, huh?  I could be more like you and post 100 times without saying anything whatsoever of value, but instead I choose to do what I can to make sure that clear records are kept.

I think what's his asking is, how long will you post this list? Its clear the game is over.

Labcoin is forever gone.

[Bitcycle]

You scare me. Are you for real?

Crazy, huh?  I could be more like you and post 100 times without saying anything whatsoever of value, but instead I choose to do what I can to make sure that clear records are kept.

I think what's his asking is, how long will you post this list? Its clear the game is over.

Labcoin is forever gone.

At least through the end of the month.  The list is not going away.

[crumbs]

You scare me. Are you for real?

Crazy, huh?  I could be more like you and post 100 times without saying anything whatsoever of value, but instead I choose to do what I can to make sure that clear records are kept.

There was only one thing of value to be said about Labcoin:  Jesus Christ, it's a LION, GET IN THE CAR!!1! >:3
Some listened, some traded the shit out of it, you, being smarter, held.
Enjoy.

[Bargraphics]

BTCGarden Chips

Labcoin


Similar Chips...

[Puppet]

They look exactly the same as any other QFP44 chip, and there must be a million of those.

[Bargraphics]

They look exactly the same as any other QFP44 chip, and there must be a million of those.

Fair enough, however didn't Labcoin say because of this packaging they had huge issues with their chips? Somehow magically BTCGarden doesn't?

[Rulother]

Figured I would chime in here about the Labcoin Shareholders Representative Group (LCSH), we have basically setup a group now and we are communicating back and forth on #irc and the forums as well. We've been doing our own investigation into the legitimacy of Labcoin and the people that are or were once associated with it. Our goals remain the same. Once we to establish a steady stream of communication with Sam, like Swede, we have not been able to. We still want to help him with getting Labcoin back on the right track or look into the best shutdown method. Once we have anything to share, we will.

[Puppet]

They look exactly the same as any other QFP44 chip, and there must be a million of those.

Fair enough, however didn't Labcoin say because of this packaging they had huge issues with their chips? Somehow magically BTCGarden doesn't?

You have many variants of the package that have an influence on heat dissipation. But of course much more important is the power draw. BTCgarden claims 1.5 - 3.75W per chip. Labcoin's paper chip was calculated to draw 12.8W.

[Bargraphics]

They look exactly the same as any other QFP44 chip, and there must be a million of those.

Fair enough, however didn't Labcoin say because of this packaging they had huge issues with their chips? Somehow magically BTCGarden doesn't?

You have many variants of the package that have an influence on heat dissipation. But of course much more important is the power draw. BTCgarden claims 1.5 - 3.75W per chip. Labcoin's paper chip was calculated to draw 12.8W.

Makes sense, Thanks for the information.

[Squirrel Dearing]

Our goals remain the same. Once we are trying to establish a steady stream of communication with Sam, like Swede, we have not been able to.

Maybe Sam got run over by a slow freight train

[TheCoinBull]

So what happens to the 5000 labcoin shares I had if left untouched

[Puppet]

So what happens to the 5000 labcoin shares I had if left untouched

They will continue to serve as a reminder of your gullibility?

[TheCoinBull]

Mainly wondering if labcoin is relisted on another exchange. Is their still going to be record that I won 5000 shares. or have they already disappeared, dont need any sarcasm was a gamble to me all the way through, only lost $2000 alot less than most.

[ishkur]

Mainly wondering if labcoin is relisted on another exchange. Is their still going to be record that I won 5000 shares. or have they already disappeared, dont need any sarcasm was a gamble to me all the way through, only lost $2000 alot less than most.

TheSwede75 has a list of all holders

[Rannasha]

Mainly wondering if labcoin is relisted on another exchange. Is their still going to be record that I won 5000 shares. or have they already disappeared, dont need any sarcasm was a gamble to me all the way through, only lost $2000 alot less than most.

BTCT mails a complete list of email-addresses, public BTC-addresses and sharecounts to asset issuers twice per day.

So the asset-issuer of LABCOIN (which afaik is Sam, not TheSwede) has the complete list. The question is whether it will be acted upon.

[E.Sam]

Mainly wondering if labcoin is relisted on another exchange. Is their still going to be record that I won 5000 shares. or have they already disappeared, dont need any sarcasm was a gamble to me all the way through, only lost $2000 alot less than most.

BTCT mails a complete list of email-addresses, public BTC-addresses and sharecounts to asset issuers twice per day.

So the asset-issuer of LABCOIN (which afaik is Sam, not TheSwede) has the complete list. The question is whether it will be acted upon.

Also, as Burnside suggested, would be a good idea to login into your BTCT account, go to Account Information and export all csv account history (Portfolio/Trades/Dividends/Deposits/Withdrawals).

EDIT: Make sure to have a valid BTC Withdrawal Address. It could eventually be used as a proof of your account ownership (signed message)

[jeffhuys]

Are we getting listed on Bitfunder or Havelock?

[Puppet]

Are we getting listed on Bitfunder or Havelock?

Neither. You may get listed in the top 10 bitcoin scam list though