Post
Topic
Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
zumzero
on 14/09/2013, 11:50:49 UTC
Again, what part of that suggests that Labcoin are not mining with 2 Th/s? What part of that shows Labcoin admitting to have lied about mining with 2 Th/s?

If you think Labcoin is mining with 2Th/s where are the block rewards going?

To an address. An address they have stated will be shared later with us. Does the fact that they refuse to share this address now, prove that Labcoin are not mining with 2 Th/s? Of course it doesn't.

Do people here not understand the difference between facts, rumours, speculation and evidence?

Facts, rumors, speculation and evidence are all things that move the market. You're making predictions about the likelihood of future events, and all of those things come into play.

Plus, if half of the "community" no longer trusts them, then the price is going to be a lot less then it otherwise would be come November when you were planning on selling.

It is interesting, that people are buying in constantly. I dont know, this is not even over yet..

Because, even if the risk has increased, the potential reward is still pretty high. Even if you thought there was a 90% chance of failure, it would make sense to invest a small chunk in hopes that 10% gets you better then a 10x return

I'm just calling people out for spreading blatant lies. Take for example Labcoin saying that they were doing some tweaking. That somehow became "Labcoin admits to lying about hashing with 2 TH/s". That's a blatant lie as Labcoin said no such thing.





If there is no dividend on monday everyone will pull out and it will go below IPO prices.


It might be smart to pull out right now and just wait until they pay a dividend. Why take a risk buying now when you can buy after they pay the dividend on monday with no risk?

Now is the time to sell.

My comment had nothing to do with buying or selling shares. It's about people spreading blatant lies.


People aren't lying Mab, they are reading between the lines and drawing logical conclusions.  This elaborate and sophisticated scam has been set up to suggest that those who are clever enough about seeing through the con and make, in my view, well founded accusations, are spreading fud and deceiving people.  Absolute nonsense.



Anyone claiming that Labcoin have admitted to lying about hashing, is telling lies. It's that simple. Labcoin have made no such claim.

Yes, I agree, but here is your problem.

People can be selective about what info and how much is released.  In Labcoin's case they may not have said that directly, as I believe it was N_S who first mentioned it last night, but by implication, it is true.  There is zero evidence to prove they are hashing.  Where is it?  Why would they not have posted that evidence last night?  It just doesn't add up.

Your whole defence of Labcoin rests on you calling out a fudster as having told a lie.  You keep banging on about this because it's all you've got.  If it goes away what are you left with?  I'll tell you; the cold harsh reality that this entire venture will end up in the courts and I'm pretty sure the case is being built as we speak.  Snap out of it guys!  It's like you've all been abducted by a cult or something.