[CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated

[crumbs]

dividend address seems still getting mined btc, the timing between the new last two is 3hour 20min or so.

as for ghash.io , website is not loading, just blank page, whats happening?

The signed address is strange. Why still add anything to it at all?  Why are the amounts so small?  Even just the hashing we can see (and he may have additional hashing running that we can't see) produces more BTC than is being sent to that address.

Nothing about this makes sense any more.  It certainly doesn't make sense for a legitimate operation, but it also doesn't make much sense for a scam.

Very strange.

That's because Labcoin chips hash in the 5th dimension, which only projects into our space-time as an inverse antispheroid.
It's all very scientific and dangerous, but the TL;DR is you ain't getting your money back.

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[RAVENCROW]

anyone know anything of the chip tests on btcguild?

[virtualspade]

Nice work every one we now have 1 million labcoin shares backing up a compliant against Labcoin and its owner Fabrizio Tatti.     

To be on the safe side with my estimation of total amount of lost money I'm using the IPO price as the buy in price for all the shares so that means 1000 BTC lost and with BTC price at 200$ ( to be on the safe side ) we have reached our minimal goal to make a convincing case with the Polizia Postale that is 200,000$ of lost money.

That said I'm sure that some of you have bought in above IPO price and the total amount will be higher. The price you paid for your shares and your total loss of money just like any personal information will be information that you only shall shear with the lawyer we hire, in that way any information is covered under client-lawyer non-disclosure terms.

Any one who wants to join us can PM me here https://bitcointalk.org/index.php?action=profile;u=144825

If you don't want to disclose the amount of shares you have to me that is ok ( as we are over target ), as long as you are willing to submit it to the lawyer when the time comes. As long as the compliant is not yet finalized for submission to the authorities there is time to join.

I have no specific time table to give you at the moment since we are in the beginning of the process. 2 weeks is TM of labcoin so I wont use that, but I'll keep you updated. At the moment we are still gathering support and information, PM me if you got something to ask or have any useful information.

[superduh]

Is virtualspade your alter ego?! you signed up past the "ipo" date
so are you a late "investor" - not to sound skeptical but just hope you're not "sam noi"

[virtualspade]

Is virtualspade your alter ego?! you signed up past the "ipo" date
so are you a late "investor" - not to sound skeptical but just hope you're not "sam noi"

I missed the IPO price with 10 min because of Labcoin utter incompetence to handel things the right way like having correct information available. The time zone mixup and iirc the ipo date was not set properly before it suddenly was set like its "tomorrow" And then the btc-tc wallet bug I'm not blaming Burnside here just Labcoin and the way they handled the IPO so that btc-tc got over loaded.

I diden't see any need to sign up here since the information has always been much better over at the IRC channels. And since I got my first BTC ever for the Labcoin IPO I didn't see any reason to join btctalk before now.

And Sam Noi doesn't exist so no worries there, I'm Virtual Spade for realz.


gogxmagog added to list

[hammurabi]

Is virtualspade your alter ego?! you signed up past the "ipo" date
so are you a late "investor" - not to sound skeptical but just hope you're not "sam noi"

I missed the IPO price with 10 min because of Labcoin utter incompetence to handel things the right way like having correct information available. The time zone mixup and iirc the ipo date was not set properly before it suddenly was set like its "tomorrow" And then the btc-tc wallet bug I'm not blaming Burnside here just Labcoin and the way they handled the IPO so that btc-tc got over loaded.

I diden't see any need to sign up here since the information has always been much better over at the IRC channels. And since I got my first BTC ever for the Labcoin IPO I didn't see any reason to join btctalk before now.

And Sam Noi doesn't exist so no worries there, I'm Virtual Spade for realz.

I remember the IPO and that is true. Labcoin hurried up the whole process. Timezone error, btct.co techinical problems and TheSwede promise of giving 24hrs before ipo beginning should result in postponing the ipo for at least 24 hours. But they decided to go right away and take the money! Now we know why!
They have been scared that somebody uncovers their identity or maybe they needed to pay for those kncminers which part of them we can see hashing. At that time KNC queue was building up fast with delivery dates around 15 OCT. TheSwede was even organizing one of the group buy by himself so I wouldn't be so sure if he wasn't involved with the whole idea of preordering kncminers and telling investors fairy tales about stealth chip development. Is Howard Wang innocent?! Maybe is. Or maybe not. I guess going to USA to study costs more than 10 BTC.

I really wish that somebody finds BTC flow from IPO money. Which was 7000 BTC. So we could see if they cashed out or stashed it somewhere.

[bitmoon]

looks like 1 labcoin miner is down, ghash.io.

is sam starting turn off the miner 1 by 1 slowly?

[Wayne_Chang]

It is already 5 days did not receive any dividend. Labcoin disappreared?

[bitmoon]

It is already 5 days did not receive any dividend. Labcoin disappreared?

maybe, he not even log here since nov 4th.

still hard to say he ran, miners still on and dividend address gets some nonsense btc

edit: but 1 miner is down like couple hours ago

[bitmoon]

btw you seem from china, did you try visit/check itec?

[bitmoon]

do you guys remember when labcoin said, they got offered to be interviewed by TV news ?

well lol

[JohnyBigs]

19BTC build up in dividend wallet, looks like he got caught or ran away.

[bitmoon]

19BTC build up in dividend wallet, looks like he got caught or ran away.

thats big possibility.

btw if sam is caught, i would like shareholders nominate some one good to take over this business and change the name. maybe theseven should be head .

i believe public has most shares, so technically us the public can vote on it right?

edit: we should get this business back on feet like a BOSS

edit again: or is sam busy preparing 50th lol or 500th and keeping silent and surprise us

[Bitcycle]

 $300 per BTC.  Sam's fortune just keeps growing!

[Fishbones]

 $300 per BTC.  Sam's fortune just keeps growing!

And so does the price on his head ...

[Bitcycle]

And the hashing is now completely offline.

End of game?

[Alphi]

And the hashing is now completely offline.

End of game?

who knows.. they could have had a blackout... the miners could have been moved to another pool or the authorities could have seized them as evidence...

or maybe fabrizio was too busy covering his tracks that he forgot to pay the power bill.. lol

given it was such a shonky operation to begin with it wouldn't surprise me if he tripped some circuits trying to add more hashing power.

people who were keen to see the authorities get involved should take note that this was a one man operation so if that one man is busy running away or is detained.. he aint mining..

[E.Sam]

[greenboy84]

Hashing again on ghash.io at 7TH

[Alphi]

Hashing again on ghash.io at 7TH

looks like one unit is burnt out.