Post
Topic
Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
Bitcycle
on 15/09/2013, 01:07:01 UTC
I'm now completely certain these guys aren't a pure scam.  I have no doubts whatsoever.

Everything thus far has been precisely consistent with a tech startup that got the first steps wrong and reflexively tried to cover up their mistakes.

That was their biggest mistake, trying to cover up their technical errors.  If they'd been forthcoming about them, then the price would have dropped but not nearly so much.

Guessing here, but I suspect the chips likely work, the boards probably do too, but they require much more assembly effort than was planned. Possibly due to design errors.

They might be able to work it out.  They might not. Who knows what the time frame will be?

They may well be incompetent.  Until they show us a working miner, we don't know.



But they aren't a scam.  Attempting to prove that is just barking up the wrong tree.