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

Did you even bother to read Chinese laws?

Quote from: BitThink on September 15, 2013, 08:02:41 AM

For me, the only plausible explanation is they don't have full control of their assembly and mining partners. All they have in hand are some sample chips and boards. Their parter in China refuse giving any photos taken in their side, and their reason or excuse may be they don't want disclose any evidence that they are involved in this project, since illegal IPO may lead to death penalty in China.

No need. Americans know everything

Labcoin is in HongKong, not mainland china. HK has a far more western-style legal system, and no death penalty. People in HK have a high degree of civil/human rights

Except the fact that Labcoin is based in HK doesn't do shit for their mainland China partners. Also labcoin's facility is located in mainland China, not HK(where high real estate price and utility price will make this operation unfeasible).