Quote from: Mabsark on September 24, 2013, 08:01:52 PM

I think a security that currently has 0.06% of the network and plans on greatly increasing their network share to around 5% by the end of the year has a lot of potential. People recognise and value that potential.

With AM at 1.68 BTC/share, if LC was equally as profitable, it would be worth 0.0672 BTC per share.

AM has produced 250+ TH and has been in operation for over a year.
Labcoin has produced .8 TH and is currently behind schedule.
There is no way you can compare them like that.

Your own calculations show that @1% of the network, Labcoin is worth .002 per share @ 50% APR. Labcoin currently has less than .06% of the network. That puts their value at .00012 per share (best case scenario). At their current situation, they certainly don't deserve 50% APR.

The market does not place value on what is promised, especially with securities, like Labcoin, that have failed to meet their promises. AM plans to launch 500 TH/s in OCTOBER. They plan to sell most of that, bringing in at least another 50K-100K btc in revenue for the next 8 weeks. By your reasoning, AM is severely UNDERVALUED, because of what they promise to do.

But, as you can see, the market does not value securities like that. They can only be valued based on what they are actually achieving, and in the case of Labcoin, they are underachieving and over promising. AM is the exact opposite.

Quote from: Mabsark on September 24, 2013, 08:01:52 PM

Would you agree that LC has the potential to control 5% of the network by the end of the year?

no, not a chance. They will be lucky to reach 1% by the end of the year. They have failed to meet any of their hashing goals, so I don't know why anyone would assume that they would meet a lofty goal like 5% of the network within a few months.

If they reach 1% by the beginning of Nov, they MIGHT be able to achieve 3% by the end of the year, but that's a big MIGHT.

I appreciate that you can't disagree with my math, but it's misleading to try and compare value of a mature mining company who has delivered hundreds of TH to one that hasn't delivered anything (and has repeatedly lied, missed deadlines, misled shareholders and broken dozens of promises).