Bitcoin Forum

I feel bad about polluting evoorhees' thread about S.DICE. So I'm going to spew my Facts, Uncertainties, and Debates here.

Fact. MPEX costs 20 BTC (sometimes 15) 30 BTC just to sign up.
Fact. The domain is registered fraudulently.
Fact. Porn is was hosted on that same domain, polimedia.us, while MPEX was hosted on it.
Fact. The owner of MPEX has attempted to sell NSFW photos (of herself?) at https://bitcointalk.org/index.php?topic=74399.0
Fact. The owner of MPEX steals content from other websites, including images.

Opinion MPEX looks like shit. Seriously. "border=1"? No CSS3? We have a high school teenager on these forums whose website looks many times better. And is porn-free.

Debate MPEX is managed by an untrustworthy romanian pornstar whose hobby is to post libel about GLBSE through the MPOE-PR forum account. The free market has ensured that its high entrance fee means very little volume. And it's an eye-sore.

I shall be staying away, thank you very much.

That's all for now, folks.

[I thank the anonymous donator :)]

Thank you now people this is how you spread FUD in a separate thread :D
//DeaDTerra

Totally misleading.

Those appear to be facts not fud.

Facts, Uncertainties Opinions, and Debates, matey :D
FOD?

I'll change the thread title lol.

Correct.

I apologize for the now-corrected misspelling.

It is my duty to post here. This exchange is run by a dubious Romanian character, who is a content stealer, spammer, wannabe porn website owner, called Mircea Popescu.

(NSFW) http://polimedia.us/dtng/f/
http://polimedia.us/bitcoin/mpex.php

https://bitcointalk.org/index.php?topic=74399.0
https://bitcointalk.org/index.php?topic=67535.msg862177#msg862177

Care to elaborate?
Also, thank you for the links. I'll add some to the OP under "Facts"

All the content on the porn site is stolen. Use http://www.tineye.com/ to check, nothing is original. His website is registered under a false name and US address.

A bit more. He brags about his successful business and about his employees, but here are the numbers: http://www.firme.info/polimedia-srl-cui22530016/.

Another fact compulsive liar and failed businessman.

More about his tactics: http://blog.spywareguide.com/2008/02/

Thank you for your information ciuciu; I've added some of it to the OP.

Now that we have a good argument on this side, I'm waiting to hear some arguments from the pro-MPEX side.

To be fair the owner has a good bitcoin-otc reputation http://bitcoin-otc.com/viewratingdetail.php?nick=mircea_popescu&sign=ANY&type=RECV (http://bitcoin-otc.com/viewratingdetail.php?nick=mircea_popescu&sign=ANY&type=RECV)

Also i cant find user "ciuciu" on the wot so I cant judge whether they are more or less trustworthy in this regard.

The MPOE-PR user does seem to be abrasive and attack GLBSE at any opportunity.

That's fair. Nefario has a rep there too, just not as much.

Also i cant find user "ciuciu" on the wot so I cant judge whether they are more or less trustworthy in this regard.
right here http://bitcoin-otc.com/viewratingdetail.php?nick=ciuciu&sign=ANY&type=RECV
I rated him a while back because of his deposit service. He's fairly trustworthy, a forum donator, and has been vouched for by multiple established members including hashking. Why do you need him to be trustworthy, though, when he states verifiable facts?
Yes.

I think Mircea needs to hire better PR people and get the stock exchange off its current domain for marketing reasons basically.

I dont question ciuciu's honesty I was simply comparing the otc ratings. I couldnt find MPOE-PR user there either.

I'd hire an HTML guy before PR. Seriously, the site looks awful

I don't like the interface. I don't like the domain. I don't like the upfront fee. I don't like the owner. The only good argument for not putting this on GLBSE is to diversify the location of stocks on the market.

I honestly don't see a difference between the dice company and the exchange as there is nothing else worth buying on there that I don't have access to elsewhere for less than 20btc.

The price of S.Dice is crazy too. He wants to have a P/S of 10 with a risk level that would make junk bonds unsellable. P/S for companies is like 2 on the high end of the spectrum. Even if his expenses are meaningless, it doesn't change the fact that Bitcoin is a risk, and just because it is fully bitcoin denominated does not mean that I cannot convert that to investment capital in WMT or AAPL which carry much less risk than S.DICE.

It would literally take an experienced coder less than one day of CSS to stylize and format the page so it isn't a total eye sore.

I think he wanted to divert from Pirate40 drama with this stupidity.
I don't think he succeeded, Matthew did well though. 

SD IPO surely succeeded in scaring serious investors aways from bitcoin.
So much face-palm in a row my brain hurts.

Yes, literally. Again, the entry fee for 1 account is 20 BTC. For 20 BTC, the site could look great. For 40, it could look as good as GLBSE. There's a plethora of freelance HTML guys on this forum.

Who, me? What stupidity? The facts? They're facts, matey
Honestly, I just wanted a central repository for all of the reasons MPEX/MPOE is shit.

The SD IPO was/is a tragedy :(
Did you crack your skull?

In addition to which, the romanian wannabe-pornstar doesn't seem to know that much about trading or investing, which seems pretty elementary for someone who runs an exchange.

Seriously, I saw her try to explain that the only reason not everyone is buying AAPL is because not everyone can afford it. Sweet mother of god  ::)

Hmmm
https://bitcointalk.org/index.php?topic=74399.0

How about...
Fact. The owner of MPEX has attempted to sell $50 porn photos

This sounds like nothing could ever go wrong. Identify deposits by their decimals. ::)

Why... on earth? How easy it would be to redirect customer funds and tell them that they sent the wrong amount...

Tell me, how exactly would they do it? Against MPEx will be both their own GPG-signed reply (that clearly mentions address and exact amount) and your transaction in the blockchain.

Up for visibility.

The exchange's gpg key sign the statement telling you to send X amount to the address. You end up with a proof signed by the same key everyone else uses. It would be hard to just claim the payment was not sent to the address (There's a single address to deposit for everyone). One gpg key signing it, one deposit address for everyone to check in the blockchain.

Signed statement + blockchain shown deposit... seems pretty solid proof for me.

There was a lot of shithail surrounding one of Mircea's blog posts linked on Reddit yesterday:

http://www.reddit.com/r/Bitcoin/comments/17zq8j/because_most_people_are_idiots_in_spite_of_never/

It is quite entertaining to read really.

He mad because no one buying his sexy pictures and no one wants to send a 650$ start-up fee.


Really? Wonder why he's walking the Earth then... only idiots would call other people idiots for not sending them 30 BTC to use a shitty site with shitty stocks. The only stock worth anything there is S.DICE but even that's a BIG STRETCH






Stuff from the rest of the thread:


Looking at 2011, -68,000 profit lol whatever that is



??? He gets paid to post stupid shit?


Think of all the people that have already sent him money. Every day I am sure multiple people send 20 BTC (420$) .... I am more than positive he has the budget to make that <pre> looking site look good


To be fair, he was insulting someone's wallet more so than actually defending AAPL (which has plummeted in the last 6 months and all the people who listened to me saved 200$ per share.)

Wat?

So... I mean.. like... seriously... wat?

Shit, I think a lot of people are idiots, but he's literally admitting to being in a minority of 1 and calling everyone else who's not in that minority idiots, which encompasses literally every other person on the planet, by definition.  While I can agree a good majority of the people on this planet are, in fact, idiots, at least I'll give them the opportunity to demonstrate it before I paint them with that brush.

But wait, there's more!


Now... I'm no professional writer or an awesome blogger or anything, but it was my understanding that it's the writers job to make the reader understand his (or her) intentions and meaning, not the other way around.  If the reader doesn't understand, under most circumstances, it's a failure of the writer not the reader.

Herself? She? Her? Seems legit.

Yet another field in which your understanding is wrong. Hopefully you won't run out of things to fail at.

Okay, I am undecided now  ???

Mircea posts some intelligent thoughts in the blog, and I kind of admire him/her? for doing things that others haven't been doing. But after all that porn, negative p/l statements what comes to actual, incorporated businesses, and paying people to post under fake accounts, what should I be trusting? (Also s/he has not commented on my idea, how to structure a bitcoin company, I put it there to probe his/her IQ, and so far I am dissatisfied with no answer, other than one-liners calling me "a nobody with nothing", despite powerful evidence to the contrary.)

If there is anyone who actually owns the shares in S.MPOE, how about showing up to give the thing some credit? I think it would be good for the prospects of your shares. I have considered shorting it in a serious way, which would destroy your value.

There is a realistic possibility to me, that S.MPOE is in fact not owned by many actual individuals, rather than by few with multiple forum and bitcoin accounts. So please, consider my offer and be forewarned. I am just a messenger.

I know big boys are entering the bitcoin arena now, and no matter whether these suspicions of mine prove out to be correct or not, I do not see much chance for S.MPOE to beat BTC in the years coming. (BTC should be doing great.)

I have at least 100k shares for you to borrow for your short. PM me, we can work out terms.

It is open to anyone who I can trust to not scam me.

What pump? How? Isn't S.MPOE paying ample dividends? Hasn't MPOE public and well functioning business model? To me it's evident Mircea is NOT motivated in any way to disrupt it by faking anything.

And as for my own experience, I have participated in S.MPOE IPO (back in April 2012 when it was done by email) and already got several times more bitcoins back by occassionally selling part of the shares. Also, I was successfully scalping it during periods of increased trade activity, making up to 1BTC/day (with crude code that was originally intended only to pound out bugs from coinbr codebase :D ) Also CoinBr activity increasingly proves there is genuine MPEx trading by hundreds of people. It already paid out several BTC total in referrals only, what you can independently confirm by asking in #bitcoin-assets.

Oh yeees, there's realistic possibility I got all this out of Mircea's or some other fool's pocket (why is that fool silent, then?), lol. I'm not trying to prove anything here, just presenting my POV that it served me well. Much better than spewing accusations on btctalk.

I've already successfully enabled others to short S.MPOE. Most of them profited by it. It's anecdotal, but that's how it's worked in the past.

In the quaint words of the Virgin Mary, what are you on about?!


Judging by your record (http://polimedia.us/trilema/2013/lets-capture-forum-bugs-in-amber/) that'd pretty strong signal to the contrary.

My dealings with MPOE-PR (user) are the same. It seems they are only here to insult people and stir up trouble. I am yet to see them have a well thought out comment that adds value to a conversation.

Thank you all, I have reached my conclusions:

- MP is probably suffering from NPD (http://en.wikipedia.org/wiki/Narcissistic_personality_disorder). This is sad, but from my previous experiences with people, I have learnt that there is not much an outsider can do about it. It is a -EV game trying to interact with such people.
- There is no reason for me to believe that MPOE-PR is a woman, or even a person other than MP.
- MPEx, like most bitcoin businesses, has a high expected failure rate. The scenario analysis gives PV of far less than the current price, which does not warrant investing.
- There is no evidence of MP having legit business before Bitcoin, so tread carefully with him. Like I told before, the powers entering Bitcoin now, are more likely to interact with their peers, and with all probability, the bitcoin-otc trust network will diminish in importance once Bitcoin hits mainstream. It has not been able to detect fraud before it happens, and even after, it does not effectively punish it. (Not saying that MPEx has much trust even there to begin with.)

Disclaimer: the fact that MPEx share price is falling -5% per day in its own exchange is not my fault. I did not short it, nor probably will. I try to operate in liquid markets only, that is why I am late to the bitcoin party. None of what I say is explicit reference to MPEx scamming me or anyone.

Was about to write about the deduction process, but unless you ask for it, I will save my and your time. Most people have ignored him already. I am slow to reach conclusions, and always hope the best from the people, so I am a complete opposite of him in this regard, and I have been scammed many times because of my naivety. I believe I am better off by joining the crowd and ignore.

Done.

Not trying to be an ass here, but funny, looking at the big picture, its you, who is having the trust problem of holding a few BTC for your upcoming service (https://bitcointalk.org/index.php?topic=153742.msg1654742#msg1654742).

No, you're just a butthurt wannabe scammer that failed and can't read (https://bitcointalk.org/index.php?topic=101902.msg1516695#msg1516695). Get lost.


So not only a financier-in-your-own-mind, but also a psychologist/psychiatrist-in-your-own-mind. Read this (http://gagne.homedns.org/~tgagne/contrib/unskilled.html). Five times.


Your feeble attempts to interact with MP as if you were better than him will certainly end in tears. Yours.

just press the orange "ignore" button below MPOE-PR's avatar. it is already orange. trust me it is much better experience afterwards.

And suddenly Minor Miner's theory (https://bitcointalk.org/index.php?topic=170068.msg1829910#msg1829910) gets a little meat on its bones.

Which butthurt scammer's sockpuppet are you?

Just a tip, and I know your situation is a bit different out on the frontier of the internet, but generally when accusations are made or there is a problem with a company it is the job of the PR person to smooth things out.  

https://bitcointalk.org/index.php?topic=186043.0

Here someone accuses the company of blatant racism and you call them a 'shill' and 'scammor' with no evidence, then argue discrimination is a figment of someone's imagination.


 ???

It is very likely that Polimedia SRL (Romanian limited liability) is breaking at bare minimum the Romanian law in three ways, there might be more and some international ones too. First there's gambling without a license (bitbet.us):


http://www.rolegal.com/romania-gambling-license.html

Secondly there's stocks/options/futures trading without a license (mpex.co):


The law itself AFAIK is only available in Romanian.

Thirdly they are not following the limitations imposed on limited liability companies in Romania (polimedia/mpex.co):


http://www.ocra.com/jurisdictions/romanian-limited-liability.asp

I got introduced to all these facts after BitBet.us scammed me some ~20 Bitcoins in winnings regarding a bet about BFL delivery. More information here:

https://bitcointalk.org/index.php?topic=192122.0

I think the Bitcoin community could do without shady business like polimedia/mpex/bitbet/others we don't know about yet. If you think the same, spread the word. Other actions you can take is to contact nic.us and nic.co and let them know that their TLD domains are being used for possibly illegal activities. The .us domain names are also meant for entities residing in the US, so just mentioning this might be enough to bring the domains down. I already emailed the domain registrars, but more messages should not hurt.

Mircea Popescu, you truly are the best customer rep in the world http://polimedia.us/trilema/2013/i-am-the-best-customer-rep-in-the-world/

Having said all that, I repeat my previous recommendation:

If I had shares held in MPEX, I'd cash out now before this scammer runs with your money.

MPEX is not the only service where they outright confiscate peoples BTC. 50% of BitBet.us dividends came from confiscated customer Bitcoins:


http://polimedia.us/trilema/2013/bitbet-april-2013-statement/

So what are "gracious donations to shareholders"? They are bets that are placed when the a bet was still open, but get's closed before your bet TX is confirmed by miners. So say you are about to bet 10 BTC on "Yes" for "North Korea will launch more missiles during May". If North Korea launches the missiles while you're sending the TX for the bet, BitBet.us will just keep the Bitcoins and not return them.

I just noticed the house bets.. So they are betting with their shareholders money on bets that they will resolve later themselves.. No wonder they break their own policies when placing/resolving bets.

Harrr that MPOE-PR really sucks! Rabble!

Send with a decent transaction fee.

You realise that every "exchange" in the Bitcoin world which is allowing the trading of securities/commodities is likely breaking a ton of laws in a number of jurisdictions.  The Securities sub-forum alone would keep regulators busy for a long time.   Just be aware that once regulators start looking into these kinds of services, the ones you like and support are just as likely to get caught in the net as the ones you don't like.

In other words they're bets made by people after the event, trying to suck some money out of the "poor suckers" who bet before them. Herp derp, so sad that they end up short.

Ignored since day one.

There has being times where bitcoin-qt fucks up and sends it with an improper fee, so it pretty much never gets confirmed.

Also, you mean if the bet is resolved when your TX isn't confirmed yet, right?

Yes.

The thing is, the way BitBet is set up once a bet is marked to close early this doesn't become effective until the blockchain watcher has seen one new block. It's not immediate.

Obviously qt might malfunction. The solution there is to use better Bitcoin clients.

Thanks for clearing that up

Abrasive, way worse than that, it is the most indecent and vulgar person in the whole forum!  Some of her/his comments are more than indigestible ...

Get lost ponzi scammer.

Wait what? Non sequitur ahoy!

Born May 11, 2013, dead by September 2013, finally buried December 22nd.

This, for the record, is the fate of all you fuckwits who imagine ignoring me does anything. You die. Alone.

Most (all?) of the porn is gone from the MPEX domain.

There's still this thread, but it hasn't been bumped in a while.

https://bitcointalk.org/index.php?topic=74399.0

her pimp gave her a black eye

Dah!  You've re-awakened my recent interest in Ice Cube's lyrics:


Fitting for this situation?  Hard to know.  Personally I doubt it.  The story of a rich Bulgarian with a fairly sharp and acid-tongued female compadre strains credulity.

The quote is closer to the original than the current form you edited your post to, scammer.

I like her toes. I will now go to my grave knowing that I had the pleasure to jacking off to a Goddess' toes.

In re. the black eye, I swore it was just makeup, but now I want to kill the bastard who gave it to her... or suck his toes.

Cross posted from the Active Mining thread.

LOL. How are you haters handling the recent turn of events? MPEx is thriving today while everything you thought was important is burning.

http://www.coindesk.com/sec-making-inquiries-mpex-satoshidice/  Trust No one is the main lesson :)

Or know what you're talking about (http://trilema.com/2014/interacting-with-fiat-institutions-a-guide/) is another lesson.