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

[BitCsByBit]

9 days ago, the 15p8MtnUt7qxLus7v6V5d61fDGRAX3tVTY wallet still had 2,735.5190632 BTC, but since then those funds have been spent/moved.

9 Oct - 2,653.5180632 BTC - went to 1AwJUKJsrTwPB92MhTEZ4m5jmKjSCZsNLv
http://blockchain.info/tx/7f996f149b2f602516cb526a9f5cfb7a2d27fcd90bb5f9276e7a899e4fc9cd5b

11 Oct - 2,643.5170632 BTC - went to 19Z6WwLtmhCT1xZyQAvnHg5tRKg24naeDS
http://blockchain.info/tx/ad453e87488eb128074b75ca4b0b4b8a94ed6569e63b79c66c2e6f5206b3bad4

11 Oct - 2,143.5070632 BTC - went to 1Db4b6Up7KhzCvrPCu3BgqugDEpH86EDm5
500 BTC went to 1ChUUPuiJByGTBFX12pXUwfzJ1ePspMvMy and then to Just-Dice
http://blockchain.info/tx/bc656cdaf03e528300a71fdba39ce0662cd0ad1eb6b1d7dba379a14c0742f4d8

11 Oct - 1,461.07586422 BTC - went to 1KFyiHGJRXRxT9TQiVuy12kdYtCiLmcnas
1,000 BTC went to 13cSk2UJwcZ3ch6xW1SqjDrFXGhjeuF13K then to Just-Dice
http://blockchain.info/tx/a32e281f2ecc10f2a675afa1cd2b7566a8b5f71d736590688ed2e7d03b2af83a


Final balance 1,461.07586422 BTC
http://blockchain.info/address/1KFyiHGJRXRxT9TQiVuy12kdYtCiLmcnas


tl;dr Most of the IPO funds ended up at Just-Dice. "Sam" is either a big gambler, or he is trying to launder the money!

EDIT: This breakdown is only for the last 9 days, but looking back I can see other transactions where the endpoint was Just-Dice.com Online Storage wallet.

EDIT 2: Fixed URL's

You are right it seems.

doog mentioned seeing a deposit of 1,000 coins come in recently that was then withdrawn in smaller chunks, no gambling or invest made, which looked like a drive by laundering

09:46:56 (1) <dooglus> aah: "(1) <dooglus> so some guy deposited 1k BTC, then withdrew 25, 50, 10, 20, 40 in separate transactions to different addresses"
09:47:36 (1) <dooglus> so yeah, it happened

Well, it seems that the date is a match, but it would be good if someone could get in touch with dooglus and check if the 1000 BTC deposit wallet matches the one I listed above.

[1714856753]

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[E.Sam]

On a more positive note, it would seem that we are hashing @ 3.18 TH/s

http://eligius.st/~wizkid057/newstats/userstats.php/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

Don't look @ 128/256 sec stat as they are frozen. the 22.5 minutes one is working.

[JimiQ84]

On a more positive note, it would seem that we are hashing @ 3.18 TH/s

http://eligius.st/~wizkid057/newstats/userstats.php/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

Don't look @ 128/256 sec stat as they are frozen. the 22.5 minutes one is working.

only 6 weeks late IIRC. Now pump it up to 500TH/s and I will be really happy

[TMAN]

On a more positive note, it would seem that we are hashing @ 3.18 TH/s

http://eligius.st/~wizkid057/newstats/userstats.php/17psAW21J4twanAFWmbcd5WdX2pKeX3trm

Don't look @ 128/256 sec stat as they are frozen. the 22.5 minutes one is working.

only 6 weeks late IIRC. Now pump it up to 500TH/s and I will be really happy

the 50TH he promised this month will be enough for the moment, hopefully he is going to finally back up his words.

[Lohoris]

the 50TH he promised this month will be enough for the moment, hopefully he is going to finally back up his words.

If your business strategy is based on hope, I've got bad news for you...

[TMAN]

the 50TH he promised this month will be enough for the moment, hopefully he is going to finally back up his words.

If your business strategy is based on hope, I've got bad news for you...

what else do we have here? we need to keep a little bit of faith in Sam, sure the guy has f*cked up - but this forum has acted like a bunch of rabid animals. If I was in his position I would be avoiding posting here like the plague. He has said previously that he wants the hashing to do to the talking & we are up to 3TH now, not a lot - way behind the curve. But this isn't a Scam it is a start up with some issues

[crumbs]

the 50TH he promised this month will be enough for the moment, hopefully he is going to finally back up his words.

If your business strategy is based on hope, I've got bad news for you...

what else do we have here? we need to keep a little bit of faith in Sam, sure the guy has f*cked up - but this forum has acted like a bunch of rabid animals. If I was in his position I would be avoiding posting here like the plague. He has said previously that he wants the hashing to do to the talking & we are up to 3TH now, not a lot - way behind the curve. But this isn't a Scam it is a start up with some issues

For those wishing to diversify, Cointerra trading has now started on Picostocks!  https://picostocks.com/docs

Not much volume yet   https://picostocks.com/stocks/view/31

Happy investing, Everyone!

[silvermario]

the 50TH he promised this month will be enough for the moment, hopefully he is going to finally back up his words.

If your business strategy is based on hope, I've got bad news for you...

what else do we have here? we need to keep a little bit of faith in Sam, sure the guy has f*cked up - but this forum has acted like a bunch of rabid animals. If I was in his position I would be avoiding posting here like the plague. He has said previously that he wants the hashing to do to the talking & we are up to 3TH now, not a lot - way behind the curve. But this isn't a Scam it is a start up with some issues

You clearly have issues with comprehending facts.

This scammer Fabrizzio Tatti aka Sam took 7000 BTC investors money, bought now a couple ASICs from KNC for 150 BTC to buy him some time and all you have to say is we should have a little faith in him?
The odds that it isn'n a scam are about 1:100 and if you haven't realized this yet I'm very sorry for you.

[E.Sam]

This is the new official Labcoin thread, relevant news and informations will be only posted here.

We are moving our shares to Cryptostocks, asset url is https://cryptostocks.com/securities/53

Shareholders without a Cryptostocks account will receive an email message  from the exchange  with their account details, shares will be credited automatically. We will give notice here regarding the trading operations opening time.

We are now hashing on eligius.st at 3 Terahash/s, more hardware is being prepared as we speak.

http://eligius.st/~wizkid057/newstats/userstats.php/17psAW21J4twanAFWmbcd5WdX2pKeX3trm


Given the sheer amount  of false informations posted in the original IPO discussion we are forced to self moderate this thread.

[TMAN]

the 50TH he promised this month will be enough for the moment, hopefully he is going to finally back up his words.

If your business strategy is based on hope, I've got bad news for you...

what else do we have here? we need to keep a little bit of faith in Sam, sure the guy has f*cked up - but this forum has acted like a bunch of rabid animals. If I was in his position I would be avoiding posting here like the plague. He has said previously that he wants the hashing to do to the talking & we are up to 3TH now, not a lot - way behind the curve. But this isn't a Scam it is a start up with some issues

You clearly have issues with comprehending facts.

This scammer Fabrizzio Tatti aka Sam took 7000 BTC investors money, bought now a couple ASICs from KNC for 150 BTC to buy him some time and all you have to say is we should have a little faith in him?
The odds that it isn'n a scam are about 1:100 and if you haven't realized this yet I'm very sorry for you.

Why feel sorry for me. If i lose I all no drama, this is a risky business and you shouldn't invest more than you can afford to lose, I'd just wipe my mouth and move on. But there is yet to be any solid proof this is a scam, call me a fool if you wish everyone is entitled to an opinion

[jeffhuys]

I posted on the moderated thread:

What about your promise to send a working board to a respected community member?

And he deleted my post.

But yeah, totally not a scam guys. Keep on believing.

That's because you're a troll/FUDer. Just get out.

[bitmoon]

i dont know how to think, its like labcoin playing with my head.

he said he will deploy 20th by 15th oct, that wont be missed

during weeks before 15th, and all the mess happened, no team posted anything on btct.

now 3th this 15th, its very hard to understand is he still playing? does he have medical problems? or does he enjoy watching the mess to gain business experience?

i am noob, i hereby can say, i dont know how to understand labcoin,

you guys investigating doing good job,  for me right now i think the asic's he has is not own made, the reason is that

he said he is 1 man team and he aint engineer, he said that in QA,
now we hear designs not completed before ipo,
now before the outsource what the hell he was doing with it? he aint qualified to try fix it and weeks pass by,
he didnt get pictures too when he promised in QA when he go back to asic location.
if he gets the pictures, would be hard to believe, he could have went to university and make up something look alike,

 think again, he had time to take pictures while setting up the 3th

think again, is 1 man team, nobody else gonna take a picture

[bitmoon]

I posted on the moderated thread:

What about your promise to send a working board to a respected community member?

And he deleted my post.

But yeah, totally not a scam guys. Keep on believing.

That's because you're a troll/FUDer. Just get out.

i believe its not, its a valid question

[pedrog]

Of course, keep in mind that even if he finally delivers what he promised, it's going to be a loss for all IPO investors.

Still, better than a complete scam!

Many of us have already given the the coins lost for some time, apparently the guy is delivering, what's the problem now?

Do you think this might just be a distraction and LC is really a scam, what? Are you afraid we get our hearts broken, because we had our hopes too high?

C'mon, the time for FUD has came and gone...

[bitmoon]

Of course, keep in mind that even if he finally delivers what he promised, it's going to be a loss for all IPO investors.

its damaged beyond my comprehension and i cant think straight what will happen.

on havelock, its very few people, and very low liquidity , ignoring other assets, only labco. thats why it went to near ipo, also when prices was tanking to 0.0001 in btct, havelock was around 0.0003.

so imagine when trade opens in crpyto, i feel might float at ipo, and very few buyers maybe are those who never check forums.

bagholders are luckly,  but bagholders will race to dump to make that bit profit, and escape

[Puppet]

Of course, keep in mind that even if he finally delivers what he promised, it's going to be a loss for all IPO investors.

Still, better than a complete scam!

Many of us have already given the the coins lost for some time, apparently the guy is delivering, what's the problem now?

Do you think this might just be a distraction and LC is really a scam, what? Are you afraid we get our hearts broken, because we had our hopes too high?

C'mon, the time for FUD has came and gone...

translation: "I bought cheap labcoin shares so I dont care if its a scam and fabrizio walks away with 5000+ BTC of IPO investors, as long he pays some crumbs in dividends so I can make  a profit on this scam too".

[alphaking]

News from 796 about Labcoin:
Chinese Version, Link http://blog.sina.com.cn/s/blog_41b3e6f70101g9zy.html.

google translator:
By Samuel Noi recent days we have provided to us by the Hong Kong company registration documents and the register of shareholders were investigated and analyzed , we have the following questions and the need to prove the place :

1 , we found a director of this company is not on the roster Samuel Noi, so we're not sure there is no such person . Therefore proposed to the identity of this person .

2 , the company is authorized Samuel Noi to be responsible for the stock transfer thing, we're not sure . So they requested Labcoin issued authorization.

3 , on the investigation before bitcointalk on Labcoin everything there is evidence Labcoin dishonest , so we requested to meet with Itec contract , agreed to provide services to us and they do not guarantee the authenticity of the information provided for .

4, according to the list of shareholders , info@labcoin.com name only 2,005,666 shares with them the promise in BTCT restricted shares 2,250,000 match.

They offer documents are iTec-Pro Limited Company , after our investigation , iTec-Pro Limited directors register only TATTI, FABRIZIO, passport number is YA2281 ***, and there is no register of directors Samuel Noi 's name.

In addition, they are a company registered address called " Asian Business " (http://www.asiabs.com/) provides secretarial proxy registration . They no real office address in Hong Kong .

We will wait Labcoin further response .

[dexX7]

Very valuable, thanks alphaking!

Can you tell me more about the blog? I mean.. this almost looks like an internal conversation between Sam and 796. How does this land on a blog?

[BitCsByBit]

This post was deleted from the other thread:


Does that mean that "Sam" will be spending more time on the forum reading all the posts on this thread and moderating it?

I guess that is the only way a self moderated thread would work.

How about answering some of the questions that have been repeatedly asked?!

[Bitcycle]

It's pretty simple.  Until such time as Samuele Noi proves his identity, Fabrizio Tatti is solely responsible for Labcoin's actions.

Fab, my man, you need to handle this or face the consequences.