Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
If they're at 2 TH or less, the odds are against them.
I have to talk myself out of dumping. Heh.
actually, 2TH would be great.
.2% of the network = 100BTC/week
100BTC / 10,000,000 = .00001/share
.00001/share is 20% annual return with this share price (and then take labcoins cut from that),
even though its an "annual snapshot" rather than "actual" annual return, that's still pretty good in BTC land..
Look at it this way.. we need a minimum of 2TH/S just to retain share value.. anything above that is just going to send it upwards.
1, 0.2% is not always 2TH. After 10 months it has to be 2PH.
2, 20% return after one year is good only when the stock keep its value after one year.
Or think it this way, you have to hold it 5 years and hope they can keep up with the hash rate increase and be live after 5 years to double your BTC.
There's a much better way, faster and safer, to achieve better outcome: sell it above .002 now.
I am not saying we all need to sell now, but just saying pure investing on this stock is even riskier than just speculating.