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

[VolanicEruptor]

sounds like he's trying to buy himself more time..

[drawingthesun]

Weeks ago eh. Would have been nice to have seen a public statement from you on this. Sadly your name had been used to bring credibility to this project - and I think your apparent silence means some stain has rubbed off on you.
Perhaps I missed something from you in the ridiculous number of pages in this thread.. but I don't see any statements from you in your post history.

Many people bought because of his name being attached, to be honest his reputation deserves to be tarnished as he left it this long to come out about it.

[TMAN]

sounds like he's trying to buy himself more time..

But he had till the 15th

[VolanicEruptor]

sounds like he's trying to buy himself more time..

But he had till the 15th

you act like this is the first deadline he has had.. what makes you think he's going to live up to his word this time? 

[TMAN]

sounds like he's trying to buy himself more time..

But he had till the 15th

you act like this is the first deadline he has had.. what makes you think he's going to live up to his word this time? 

No you misunderstood, he had till the 15th, everyone was chilled waiting for the next news or bust... I can't understand why he would bring it forward. Why would he do that? I can't work it out

[Bitcycle]

The questions aren't going to go away, Sam.

It's clear you're hoping you can ignore them and if you can get hashing going you think people will stop asking.

It's not going to work that way.

You're never going to get listed on an exchange while you don't answer these questions.  You're throwing away literally millions of dollars because you won't provide a few simple answers.

Not to mention people will continue their own investigations in the meantime. You're just making things worse by not answering.

Who controls the wallets, Sam?  

What's the remaining balance, Sam?

Why won't you prove your identity, Sam?

These questions are going to be answered.  You should answer them yourself.

Why are you so unwilling to provide information? What are you hiding?

[bitwhizz]

how do we know 'Sam' hasn't got a shit load of KNC miners, they have started shipping out now

WHy can't we see photos of the hardware,

photos of the chips

Photos of samuel noi

ANY evidence but empty words and promises

[merv77]

The questions aren't going to go away, Sam.

It's clear you're hoping you can ignore them and if you can get hashing going you think people will stop asking.

It's not going to work that way.

You're never going to get listed on an exchange while you don't answer these questions.  You're throwing away literally millions of dollars because you won't provide a few simple answers.

Not to mention people will continue their own investigations in the meantime. You're just making things worse by not answering.

Who controls the wallets, Sam?  

What's the remaining balance, Sam?

Why won't you prove your identity, Sam?

These questions are going to be answered.  You should answer them yourself.

Why are you so unwilling to provide information? What are you hiding?

AND, AND....

Where are the miners hosted..? (country, city, town, street number and address)

When is 'Sam' in China, Shenzhen...? (you mention 10 days I think in last IRC chat)

Could you physically meet someone..? (me and anyone else who wants to join in)

Could we/someone see the mining hardware..?  (doesn't matter how it looks, good or bad)

This shouldn't scare you, you never know we could all be friends and we could even help.

[bitmoon]

hi

i deleted, it sounds like rant and big wall, and i got bored .

labcoin, you dont look like seroius to find exchange, your whole trip thing, i got no clue if u r on business travel or having fun.

you slept thro whole mess from bitcointalk shutdown and u post nothing on btct to assure as.

theswede is also disappointed in u, read his last postings

[Bitcycle]

Sam, if you're worried about your reputation (and you should be, it's at the bottom of a deep well right now), it's simple to fix it.

Do one thing you say you're going to do.

Just one.

One.

[E.Sam]

Hey Sam, since you're online, could you clarify this?

first batch hashing power: 10TH/s
By Monday 14th: 3Th/s deployed
By Saturday 19th: 5TH/s deployed
By Saturday 19th: full hashing speed

So which one is it? by the 19th we'll have 5TH/s or full hashing speed amounting to 10TH/s?

October 13 Update

Monday we will start deploying the first batch of finalized hardware, amounting to 10 TH/S.
According to our estimations, we will reach 3 TH/s on monday, and about 5 TH/s  within Saturday.
Within Saturday 19, full hashing speed of the first batch will be deployed.
We will receive more batches of hardware in the following weeks and deploy it accordingly.

This week dividends deposit on btct.co has been "confiscated" by Burnside, thus we were unable to push it to shareholders.
Given recent developments at bitfunder we are again looking for a platform to move our shares.

[Bitcycle]

This list isn't going away.

These are things YOU said you'd do, Samuele Noi.

Why have you not done them?

Is your word completely worthless?

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

Do you not plan to do these things that you promised to do?  Why not?

[bitmoon]

labcoin, i think you should sell your company to btcgarden, give them all your asset, cuase i wished now u fail before ipo and btcgarden florish.

[ShroomsKit]

This list isn't going away.

These are things YOU said you'd do, Samuele Noi.

Why have you not done them?

Is your word completely worthless?

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

Do you not plan to do these things that you promised to do?  Why not?

I don't mean it in a bad way, i'm just wondering if you are autistic or something. It would explain things.

[alphaking]

Hi guys,

There is a weibo about labcoin listing from someone who comes from 796:
"
今天我们有收到Labcoin股票关于希望在796流通的邮件，邮件中询问上市要求与费用并且提到他们已经公告会在这周内布署大量算力，需要一个可靠的平台来管理分红。对于Labcoin股票在796交易所的流通我们正在研究之中，我们也希望收到些好的建议，谢谢！
"
You may use google translator to check it out.

As a bagholder, I think this probably is a good news. FYI.

[E.Sam]

Hi guys,

There is a weibo about labcoin listing from someone who comes from 796:
"
今天我们有收到Labcoin股票关于希望在796流通的邮件，邮件中询问上市要求与费用并且提到他们已经公告会在这周内布署大量算力，需要一个可靠的平台来管理分红。对于Labcoin股票在796交易所的流通我们正在研究之中，我们也希望收到些好的建议，谢谢！
"
You may use google translator to check it out.

As a bagholder, I think this probably is a good news. FYI.

"Today we have received Labcoin about hope in the 796 stocks in circulation mail message asking listing requirements and fees and mentioned that they had notice will deploy a large number of operators during this week forces need a reliable platform to manage the dividends. For Labcoin stock exchange in the circulation of 796 we are studying, we also would like to receive some good advice, thank you!"

Well, I hope they don't find this thread....

[Bitcycle]

Hi guys,

There is a weibo about labcoin listing from someone who comes from 796:
"
今天我们有收到Labcoin股票关于希望在796流通的邮件，邮件中询问上市要求与费用并且提到他们已经公告会在这周内布署大量算力，需要一个可靠的平台来管理分红。对于Labcoin股票在796交易所的流通我们正在研究之中，我们也希望收到些好的建议，谢谢！
"
You may use google translator to check it out.

As a bagholder, I think this probably is a good news. FYI.

"Today we have received Labcoin about hope in the 796 stocks in circulation mail message asking listing requirements and fees and mentioned that they had notice will deploy a large number of operators during this week forces need a reliable platform to manage the dividends. For Labcoin stock exchange in the circulation of 796 we are studying, we also would like to receive some good advice, thank you!"

Well, I hope they don't find this thread....

They should be made aware of the problems Labcoin has caused, along with Sam's utter inability to follow through on the simplest of tasks.

[ShroomsKit]

I don't mean it in a bad way, i'm just wondering if you are autistic or something. It would explain things.

And yet I was able to figure out how to participate in the IPO and you weren't.

What does that tell us?

That they screwed me over? Such a simple thing to understand. How come you can't?
Anyway you seem to avoid my question. Are you autistic? I'm really curious. I'm not attacking you or making fun of it.
It's obvious you have some kind of mental problem. Just trying to figure out what and my guess is autism. Am i correct?

[ShroomsKit]

I don't mean it in a bad way, i'm just wondering if you are autistic or something. It would explain things.

And yet I was able to figure out how to participate in the IPO and you weren't.

What does that tell us?

That they screwed me over? Such a simple thing to understand. How come you can't?
Anyway you seem to avoid my question. Are you autistic? I'm really curious. I'm not attacking you or making fun of it.
It's obvious you have some kind of mental problem. Just trying to figure out what and my guess is autism. Am i correct?

Poor you.  Things are always happening to you, aren't they?  And you have no control over them.  It's so sad.

Guess who is getting screwed out of his money at this moment
Anyway since you don't deny it i assume i'm right with the autism thing.
As i said that's fine. I won't make fun of it and now understand your behavior.

[Bitcycle]

Guess who is getting screwed out of his money at this moment

Let's talk at the end of the month and see who has done better.