[01:53] All the non sketches ones are privately held because they are banking on the actual product and not the money from the IPO to set them for life
[01:53] cointerra too, then?
[01:54] With the downfall of Labcoin I think the players for 2013-2014 is set. I doubt there will be another big IPO for the rest of the year
[01:54] well
[01:54] hash fast and cointerra
[01:54] are private
[01:54] I’m in Austin, so is cointerra, and I drive by their offices all the time. would love to have invested in them.
[01:54] they they went the full pre-order rout
[01:55] radiumsoup: i know, right? that's what a miner company looks like.
[01:55] yeah
[01:55] that's what sucks about these laws against crowd funding
[01:55] the laws have changed
[01:55] only rich people are allowed to invest in startups
[01:55] samuel_jackson: not yet
[01:55] you can crowdfund in the US now
[01:55] yes,
[01:55] those rules are still being implemented
[01:55] you can't actually do it yet
[01:55] the SEC stated they will not be pursuing cases at the moment
[01:55] Those rules date back pretty far too
[01:55] the JOBS act
[01:55] you legally can't
[01:56] but SEC said they will no longer prosecute
[01:56] when was this?
[01:56] Only the rich can get richer off other people's hard work
[01:56] 3 months ago?
[01:56] link?
[01:56] actually it's not the SEC that prosecutes, it's the DOJ
[01:56] hen do the laws go into effect?
[01:56] yeah my feeling is
[01:56] if you're not a scam like pirateAt40
[01:57] actually one way to do an IPO would be to disallow US citizens
[01:57] or you could sell to non-us citizens
[01:57] and then let the shares be traded on an exchange
[02:04] the actual headline was CROWDFUNDING WIN: The SEC Announces They Will Not Prosecute FundersClub, Allowing Accredited Investors to Fund Startups for Equity
[02:05] yeah, accredited investors
[02:05] i.e. rich people
[02:05] I mean some people do need to be protected from scams
[02:05] but maybe there should be a test or something
[02:05] see if you're smart enough to do it
[02:05] probably lots of rich people are not
[02:05] i actually feel like noone did ANY due diligence
[02:05] everyone just jumped in
[02:05] == yeahyeah [31313442@gateway/web/freenode/ip.49.49.52.66] has quit [Quit: Page closed]
[02:05] the ipo happened so fast noone bothered to ask enough questions
[02:05] it was all greed
[02:06] if Howard Wang and TheSeven were actually in charge
[02:06] Lol anyone who did not immediately sell after IPO did not read the obvious signs, the whole thing was a panic rush. Prices doubled in 4hours and you don't think thats a bubble
[02:58] Rulother: has labcoin_ verified the code you sent?
[02:58] +m pls
[02:58] No
[02:58] Labcoin: What was the pictures of boards and chips you posted? "Seven" didn't even know what they were .. and were obviously not functional in any way. They didn't even RESEMBLE working chips/boards. What the hell was it?
[02:58] Then I do not believe this is labcoin
[02:58] no private messages please
[02:59] VERIFY PLEASE
[02:59] == mode/#labcoin [-vvvv abuelau afrotec ampu aster_] by Rulother
[02:59] == mode/#labcoin [-vvvv Bargraphics bellia BitCsByBit blash] by Rulother
[02:59] == mode/#labcoin [-vvvv Blazedout419 btcman Canth cheese1] by Rulother
[02:59] == mode/#labcoin [-vvvv coinfly CptQo_ deizel Dermator] by Rulother
[02:59] == mode/#labcoin [-vvvv dtown dub duckzz dwdoc] by Rulother
[02:59] Labcoin_ please verify what Rulother has sent you on the forum so that we can be assure you are the Labcoin from bitcointalk.org
[02:59] == mode/#labcoin [-vvvv dwdoc_ Fade__ FireLighter FlyingLeap] by Rulother
[02:59] == mode/#labcoin [-vvvv Formbi Franktank friend987 fruitninja] by Rulother
[02:59] verify
[02:59] == mode/#labcoin [-vv gangplank gecko_x2] by Rulother
[02:59] yes +m and questions from https://bitcointalk.org/index.php?topic=304365.0
[02:59] Labcoin: did you seriously come here without prepared text?
[02:59] just one moment, i post on the forum.
[02:59] Labcoin I sent you a msg, please tell me the code
[02:59] == zero_ [1b9cbf03@gateway/web/freenode/ip.27.156.191.3] has joined #labcoin
[02:59] rulother - he’s going to post in forum that he’s on as labcoin_ here
[02:59] Also for any questions people may have, pm them
[03:00] == abcd [6cac1c60@gateway/web/freenode/ip.108.172.28.96] has joined #labcoin
[03:00] Labcoin_ please verify what Rulother has sent you on the forum so that we can be assure you are the Labcoin from bitcointalk.org
[03:00] == abcd [6cac1c60@gateway/web/freenode/ip.108.172.28.96] has quit [Client Quit]
[03:00] == mode/#labcoin [+o radiumsoup] by Rulother
[03:00] he said he would post his irc nick on forums