I'm dumping my shares. Talks about operating the security as a ponzi scheme should not be taken lightly. This is exactly the type of publicity we don't need in the BTC security marketplace.
It's far fetched to claim this is a ponzi. All they say is that they want to keep some coins for liquidity reasons and to avoid fiat to Bitcoin exchanges. I don't see any problem with that, but if you still do, please elaborate.
I am sorry if I made it unclear. Holding a small portion of Bitcoin would NOT be to pay dividends out of 'thin air' of course. This would simply be a small buffer to use for dividends if say Fiat payments are made for bulk chips or miners from customers and BTC is hard to 'come by'. I will pose this question more clearly to the Labcoin team, but rest assured this is NOT a large amount of Bitcoin we are talking about and of course no coin will be held at all if needed to grow the project or pay for Chips/Hardware/Dev etc.
I believe the reason for the Chinese sale is that not only would it be somewhat cumbersome to move a large amount of fiat between western exchanges and Chinese accounts, but also the fact that Bitcoin (don't quote me on this) actually is quite a bit more valuable on average in China then on many US exchanges.