Quote from: Frankthechicken on March 12, 2014, 01:33:40 PM

Well... if people are still into forming a mob...

http://www.youtube.com/watch?v=rLJFgJ1GXsM

It sucks there is such a crap history with bitcoin investments turning into scams that people jump to accusations and threats at the drop of a hat at the first signs of trouble. With the SOP being to eviscerate someone at the first signs of trouble, I'm astounded anyone even bothers trying to create bitcoin businesses anymore.

This isn't a drop of the hat, let me review:

January 24, 2014, 03:35:25 AM
  Big announcement about the coinseed deal

January 30, 2014, 02:59:18 AM
  Discussion about overpaid divs
  small paragraph with a few more coinseed details
  Bargraphics get special invite to visit the mine

January 30, 2014, 03:11:17 AM
  Discusses the incoming hash and the when and who of it.

January 30, 2014, 03:14:50 AM
  Tells us not to lynch grnbrg (everybody was asking for questions to be answered about coinseed zach being cto)

January 30, 2014, 04:07:13 AM
  Jokes with grnbrg

January 30, 2014, 04:17:55 AM
  reiterates how amazing the hash per bond is going to be and says an exchange for shares is being worked on, but can't share the details yet.

January 30, 2014, 04:39:39 AM
  Tells us he has the dec/jan hardware in hand but has been personally mining with it, because he used his funds instead of the companies to pay. brief mention of how he handles bonds.

January 30, 2014, 04:48:59 AM
  Was told to keep up the good work and keep the good news coming and responded
  "Thank you, and there's one coming up real soon. For obvious reasons I'm not giving a date. Wink"

January 30, 2014, 04:56:39 AM
  Mentions how much fun he had in Miami and he made great connections. Discusses the woes of buying large and small amounts of hardware

January 30, 2014, 04:59:06 AM
  tells us his lawyer said buying hardware and mining with it is a conflict of interest and he will never be doing that again

January 30, 2014, 05:00:37 AM
  talks about how jet lagged he is from the miami thing and BarGraphic's visit

January 30, 2014, 05:08:22 AM
  Fights off more concerns about him owning gear. Says he hasn't received a paycheck this year.

January 30, 2014, 06:23:37 PM
  confirms the hash isn't appearing on GHash.io because it has too much network share and lives on "other pools". says the rest will be moved when GHash.io network share reduces

January 30, 2014, 07:05:41 PM
  talks about div over payment and that everyone has replied they paid back to his emails

____________

At this point there is practically silence, note the date

___________

February 01, 2014, 08:00:53 PM
  Div update, says it will be small until first or second week of march

February 02, 2014, 04:26:56 PM
  Says GHash.io is temporary and he has something in the works with Merlin to make it go away

February 09, 2014, 01:01:48 AM
  Div update. says the 3 stragglers have paid off div overpayments. and the next week divs will be on monday.

February 25, 2014, 05:14:54 AM
  drops a whois link on Mt. Gox . . . no text just the link
____________

Silence is deafening, people start to wonder if something happened to him. Coinseed questions are still unanswered.
then . . .

____________

Quote from: Lab_Rat on March 08, 2014, 06:16:32 PM

CHANGE IN PAYOUT RATE STRUCTURE

Cryptocurrencies, which includes Bitcoin, are relatively new to the world economic communities and its governments. Worldwide there continues to be almost daily announcements from governments regarding crypto currencies. Lab Rat Data Processing, a Limited Liability Company in the state of New Jersey, continues to monitor those announcements and the ever-changing laws and economic environments and how those laws impact cryptocurrencies, including Bitcoin, and in particular Lab Rat Data Processing. Most important to Lab Rat Data Processing are the ever-changing laws and/or announcements from the United States and its governmental agencies and the state of New Jersey and its governmental agencies.

Based upon recent developments in US and local laws, Lab Rat Data Processing, and their legal representatives, have determined a potential current or future problem with its current rate structure, which was originally intended as a variable rate payout. Therefore, Lab Rat Data Processing is amending its variable rate payout with a set rate payout of 100 MH/s per contract. This rate payout shall be for all current contract-holders and all future contract-holders. Contemporaneous with the change from a varying rate payout to a set rate payout Lab_Rat will triple the amount of contracts held by all contract holders as of the date of March 8, 2014. Therefore, for all current contract holders on their current contracts, the effective rate will be permanently set at 300 MH/s per contract. All future contracts purchased will be at the new rate of 100MH/s.

Lab Rat Data Processing will continue to monitor developments for cryptocurrencies and Bitcoin in particular, seeking to maintain its current status as a leader in the Bitcoin community and to maintain compliance with US and New Jersey laws.

More information to come.

So to say this happened at a drop of the hat is complete bullshit. For LR to say he knew the bonds weren't legal for 2-3 months, while running around and doing/saying all this is minimum bad business, imo.

What actually happened? I have no idea, there is little to follow up on any of these announcements. most of the answers are "I can't really tell you" or "In the works, but I'm not allowed to give details" type answers. The explosive announcement after a month of practical silence is absurd on a good day. Never mind that the solution isn't even complete.

LR Please answer my due diligence questions.