Bitcoin Forum

One month after opening the beta (https://bitcointalk.org/index.php?topic=68391.0) it's my great pleasure to announce that MPEx has left the paper-and-monopoly-money phase and is now live, churning away bitcoins and assets.

So why do you want to use it?

Reason #1. 0.2% sell side fee, no buy side fee.

Reason #1.1. You can slash that even further if you qualify for Market Maker. Ask mircea_popescu (#bitcoin-otc-eu on freenode) for details.

Reason #2. Free PUSH of assets. That's right, you want to move stocks around and you know your counterparty's fingerprint go right ahead. We charge you for the matchmaking we do, but we don't charge you for the matchmaking you do yourself.

Reason #3. Huge market depths. We're talking thousands of BTC.

Reason #4. Security. Seriously.

Reason #5. Uptime.

We're also looking for solid companies to launch IPOs, talk to the same mircea_popescu.

And here's to a happy 2012, the year of Bitcoin.

Have I got this right, the ask price from the issuer for ETF shares for gigamining bonds is over 10 times higher than the trading value of the underlying assets on GLBSE?

ASK: 0.01770000

900 gigamining bonds = 900,000 F.GIGA.ETF
1 gigamining bond = 1000 F.GIGA.ETF

--> Asking 17.7 BTC per underlying bond!

Your security may be great, but currently usability is cumbersome. I don't have the technical know-how, but is it possible to script the operations, such that one could download a program and import their gpg key into it. It would query MPEx for assets and orders, and could then sign and submit orders?

Such a program would also allow automated pricing of orders (e.g., to adjust for FX fluctuations). In the current state MPEx would not be suitable, because of the need to enter each order manually.

I'm afraid the website needs serious usability improvements and a UI revamp.

I'm not trying to put you off, I'm trying to give productive input. I hope it doesn't come out the wrong way.

Whoops hehe. This has been since fixed.

On the other score: there are a couple people working on bots for it atm.

A first step would be something like
especially if you have gpg-agent running. You could conceivably turn that into a bash script taking a parameter, too.

Note that there's absolutely no need to enter the order manually, you can just POST to the script (use curl or whatever you prefer).

PS. The first link in your sig doesn't work anymore.

MPEx now has a trade history RSS, you can check it out here: http://polimedia.us/bitcoin/mpex-rss.php

This is quite interesting. There is an EFT on my bond!

:D
More bonds coming soon!

When it starts to get much more technical than that I start getting lost. I'm sure it's a piece of cake for some though, so hopefully someone (MP?) can release something like it that make MPEx easier to use.

Thanks. I will remove it.

Simple page + GPG security ftw
I wish there was a bitcoin exchange site like this as well, MtGox lite but a Tor hidden service, backed by LR or something and using web of trust model

If you're on linux:


That way the CLI directly spits out the gpg stuff you need to paste into the box. If you would rather it also posts it directly you can replace that last line with


(haven't tested but should work roughly speaking).


YE!

Would be pretty cool to see a gpg based exchange for sure.

Also in the news: Volume-weighted average price as a json: http://polimedia.us/bitcoin/mpex-vwap.php

I wrote a little command line front end to MPEx to make it a little easier to use.

https://github.com/Azelphur/pyMPEx

Ahh, very nice Azelphur!

Barely a day has passed and there's already github commits and whatnot. Excellent!

Also there's a live twitter stream, https://twitter.com/#!/mpex1 (https://twitter.com/#!/mpex1)

Thanks. Just got this set up. It makes it easier. A GUI would be better still. I'm sure it will come. GLBSE started as a CLI too.

Which is picked up and spited out on irc by a bot in #bitcoin-assets  ;)

From now on you can trade BTC/USD options on the MPEx infrastructure. Of particular interest is the newly added command SPLIT. Quoting from the FAQ (http://polimedia.us/bitcoin/faq.html):


As you can see, this is a significant improvement over the way short selling works on the old MPOE site.

As a result the MPOE site is being retired. Customers currently holding options (long or short) on MPOE can ask to be migrated to MPEx (provided they have a registered key), but are not required to do so: contracts will be honored as they are at any rate. MPOE will stop taking new orders sometime in the coming months.

There's now also a market depth json for the people into writing bots and whatnot: http://polimedia.us/bitcoin/mpex-mktdepth.php

Interested. Scribed.

Proudly announcing the new candlestick graphs, visible on individual asset pages (http://polimedia.us/bitcoin/mpex.php?mpsic=F.GIGA.ETF for instance).

Scales on the axes would be nice. It's a bit meaningless without them.

Yea, that info is going into the FAQ. Vertical is MIN bid to MAX bid (so in the case of the link, 122000 to 169000) and horizontally each line is a 24 hour interval starting with the present moment and going back. The volume line is also by days, the last bar being the past day's volume (so in the case of the link, 28500). Knowing this would you still say it is meaningless?

For the Windows users aegis has complied the python script into a stand-alone all inclusive (gpg too I think) 32 bit .exe. You can find it here (http://github.com/ageis/MPEx-bin)

It goes from "meaningless" to "difficult to understand"/"not readily obvious". So a small step up.

So if the vertical axis is scaled to bid, the trading history could go off scale if there are large movements in price.

Small steps up is what we're all about :)

Scaled from lowest bid in 30 days to highest bid in 30 days. How could it go out of scale? Here, I made you a little drawing:

http://polimedia.us/dtng/c/src/133465170564.png.

Correction, you do still need GPG installed and in your %PATH. I just added the (Intel) Mac binary .app of Azelphur's frontend for OSX.

Do you mean lowest trade to highest trade? I thought you meant lowest/highest current bid, in which case it could go off scale if day 1 bid ask is 0.1/0.2 and then by day 5 the price has quintupled and bids are now 0.5/1.0.

That drawing helped. It still took me a bit to get my head around, but I understand it now.

Actually the drawing is wrong in one point, which is to say the low point on the price scale should read 2433 not 2043. I hope for my sake this is obvious enough and I don't have to redo it.

Yes, that was obvious enough, and I thought not to mention it.

It does appear, though, that the style of graphs on the main page differ from those on the individual asset pages (prices as diamonds versus candlesticks).

Yes. The space was not judged sufficient to actually make any useful candlesticks (both because finite-pixel rounding errors and superimposition with volume bars) and also due to the litany of symbols on offer candlesticks might have been significant load. But other than the fact vwa prices are shown as dots (diamonds) there's little changed, scale works the same exact way.

Suggestion: Can you put the USD equivalents next to the option quotes (without making it too cluttered?) and also add the current BTC/USD price?

No reference to any fiat currencies will ever be included on MPEx.

Um, what do you call the option strike prices? Is that not a reference to a fiat currency? All the options are pretty meaningless without it!

It's... hm. It's a meta-reference, let us say!

Proudly pointing out the fact that for the first time ever daily average trade turnover passed 1k BTC on MPEx.

Hey psy, you missed one.

When can we expect dividend statements and statements of interest payments? From what I can see the interest trickles in, but the statement doesn't list it under transactions. Also, not sure if dividends have been paid on Pure.Synth. None are listed on the asset page or in my statement.

Would be nice to be able to get a complete transaction history (as a separate command) for auditing purposes.

Don't worry, everybody knows already how shitty a PR you are.
And you better don't insist much, you might get what you wish, Ms. gangbang!

It's true that dividend payments don't currently show under statements. In the interim all dividend payment events are announced on the twitter feed (https://twitter.com/#!/mpex1) (hashtag "dividend"). F.PURE.SYNTH paid twice so far, as follows:


The 2nd is an aggregate of the quasi-daily dividends PUREMINING pays. The 1st is the dividend corresponding to the 2012-04-17 dividend. There was an earlier payment that doesn't show on twitter because the feed didn't exist at the time.

In general MPEx will be paying dividends no more frequently than weekly, with a monthly payment as the golden standard. All dividends paid on ETFs and SYNTH underlyings will be paid in aggregate at that time.



This is on the to-do list.


The current STAT command gives you the transaction list since ~ 1 hour before you last ran a STAT command. As long as you keep all your STAT results you should be doing pretty ok auditing-wise.

to:@MPEx1
can you stop spamming #bitcoin twitter chanel ??
thx

What is the outcome if:

a.) The domain polimedia.us (which hosts MPEx) gets confiscated by a government authority?

b.) The sytems that MPEx is hosted on are confiscated by a government authority or breached by a criminal?

How does this affect the asset issuer?  How does this affect the investors?

In case the domain is confiscated or otherwise lost MPEx would move to a different domain, in a different jurisdiction. Should the same happen again, MPEx would move to what will at the time be a solid alternative for a free Internet, be it the TOR netword, namecoin or some equivalent based DNS or any comparable solution. No government will ever be able to stop the Internet, in general. We're prepared to show this in the particular.

This is by the way true of all the other polimedia properties, which probably should be given a few words. Romania is a small market. As such, the same person happens to own the most widely read blog in Romanian (Trilema (http://polimedia.us/trilema/)), the Romanian digg/reddit (fain (http://polimedia.us/fain/)), the Romanian 4chan (dtng (http://polimedia.us/dtng/)). Such concentration may be rare in other language spaces and inconceivable in English, but it is a fact in Romania due to the smaller size and relative backwardness of that language space. The owner has elected to list them all under the same domain. Other people might have made different choices.


Should the systems be confiscated or otherwise lost the service will failover to different systems, possibly on bulletproof hosting if need be. This to the point of availability.


From the FAQ (http://polimedia.us/bitcoin/faq.html#18), as to compromise.

In the unlikely case that the continuation of MPEx becomes impossible, all issuers will be provided with lists of their assets' owners. A successor system would have to be constructed, but no information is lost (since people can still sign with their keys, it is trivial to identify yourself as an owner).

Quick question:

Why are you hosting this?
http://polimedia.us/dtng/f/ (NSFW)

Because he is a porn star wannabe. This will be people faces when he will disappear:

http://polimedia.us/dtng/f/src/132641010943.jpg

Source: his website.

Forgot to say: mpoe.org, mpoe.biz, mpex.us, mpex.biz among others all point to http://polimedia.us/bitcoin.

More info about Mircea Popescu, the peddler of underage porn and gore.
https://bitcointalk.org/index.php?topic=102333.0

I have a serious question: why is an account so expensive? Why do people make accounts if creating accounts costs so much?

Because they have enough bitcoins to invest to pay the account fee after one month of 1-3% dividends?

I am sorry but Mircea Pornescu and his two bit, 1991 HTML exchange site are both a big joke. Anybody putting money into this "exchange" has lost their marbles.

But there exist free alternatives which charge on a per use basis.