How is Labcoin a scam? They are a bitcoin mining company and they are currently mining bitcoins.
They raised money to develop their own asics, not to buy KnC's. Asics that their lead designer said were crap, he never finished the design off, let alone manage a tape out. And yet they showed us some "pictures" and talked stories about stability issues etc. So they are at the very least lying, because these things didnt exist when they made those claims.
Think about this, why would a scammer raise 7200 btc in the IPO, pay for some guy to design asics for you who quits,
They paid Howard 10BTC. Think about that for a second. I dont know how much they paid Theseven, but it must have been their best investment ever, since his association to the project is what lead most to believe this (even if theseven was working in the margins doing HDL work for the IO, never developed an asic, didnt think he was up to the task,..)
then proceed to continue to get working asics mining and pay out dividends. Where is the scam? What would a scammer have to gain from going through all the trouble of being a legit mining company? A scammer would have took the 7200 btc from the IPO and disappeared.
ITs been like that with all of alberto's scams: maintain the illusion its a failed company rather than a money grab. Judging by posts here, it even works. But Alberto has had 6 or 7 such disastrous "failures" in a row now.