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There's an offer of 828 shares at 0.835...
That would be 16% of the float if it was part of the 5000 IPO.
Which seems very unlikely.
So are insiders selling at these prices... and increasing the float?
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eMunie will, its a variable rate depending on the amount of new eMu generated by supply & demand signals in the system.
Interest is linked to inflation to ensure that current stake holdings are not diluted by more supply needed to fill demand.
Without getting into the maths, interest is always at least 1 point higher than current inflation rate and with a moderate adoption over the course of the next 2 years, should see interest rates average in the 5-6% range.
But, I've got to ask, who's going to mine a coin that has a site where none of the links work?  Only the hand-picked Early Adopter Club. |
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BTC only give you BTC interest
LTC only give you LTC interest
Etc..
mcxFEE give you dividend on all coins traded on the exchange.
Where can you see how much btc you made from mcxFEE share? You actually get a better return on BTC deposits (about 7-8% annualized)... Right now the mcxFEE shares are for experienced traders. The US Government has very limited resources (FINCEN = 300 people)... It's really the SEC and CFTC that would have jurisdiction over "commodity" exchanges... But they have more serious business than tiny crypto-exchanges. BUT IF a multi-million $$$ FRAUD was committed it becomes criminal... And 99% chance Principals are extradited to face trial in Texas... And you DEFINITELY do not want to go on trial in Texas. It would probably take 48 hours... For a US Prosecutor to have a complete RS file on his desk... So much for being "anonymous" on the internet in 2013. |
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One problem I see with Ripple, is that common people will not understand Ripple, therefore are unlikely to see any reason to use it.
Because of this, therefore Ripple will spend an awful lot of energies trying to explain to people, and people will still go away shaking their heads not knowing what you are talking about.
This is a central problem. There is a complexity Sweet Spot for software/internet products... not too simple, not too complicated. Bitcoin, EBay, Twitter, YouTube, Bittorrent, Apple hit the nail on the head... Ripple has completely, massively, ARROGANTLY overshot on the complexity side. Ripple/JoelKatz: "We are gonna take granny and educate her". |
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"Economy tanks" is meaningless without a reason...
For example, it could be a cyclical slowdown, Economic Crisis, trade war, International Crisis, etc...
Each would require a different strategy in terms of the Financial Markets.
Just saying Bitcoin goes up no matter what is simplistic...
Bitcoin is highly centralized in California (devs) and China (ASICs)...
And has never been attacked at the State Level.
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Hi Woodrake, I guess you never saw the detailed numbers: -mcxFEE: https://docs.google.com/spreadsheet/ccc?key=0AioqMMSVIC5tdFplWndsdmZuaGxyN01xemxtNWYxVGc#gid=0-Interest: https://docs.google.com/spreadsheet/ccc?key=0AioqMMSVIC5tdFplWndsdmZuaGxyN01xemxtNWYxVGc#gid=1Investors pay a BIG premium for GROWTH... Ripping Market Share away from competing exchanges... And being fastest growing company in a Space that could easily grow 10-fold in 2-3 years. Let's look at events since the intro of mcxFEE share trading in early September: (1) BTC deposits have rocketed from 828 (Sep 11th) to 7,118 (Sep 27th). (2) I've done a 7 day moving average of payouts on BTC deposits... And it's been steady at 8-9% annualized payout for those 3 weeks. (3) You must realize that daily payments compound daily... There is huge potential leverage if daily payments increase for any reason. (4) This flood of $1,000,000 in 3 weeks into mcxNOW accounts... Is primarily from sophisticated crypto traders scalping mcxFee shares... It's just a beautiful thing to trade... and volume often tops 1,000 BTC/day... In other words, > 20% of the Public Float changes hands many days. (5) As more mcxFEE shares hit the market... volume will continue to grow... Another 5-10% would be absorbed instantly. (6) While other Crypto-Exchanges are dogging it on slim 0.2% trading fees... RS will be in a position of STRENGTH to introduce other revenue streams... And possibly raise fees somewhat on selected securities. (7) If you look at the LTC market share on Sheet "Test"... mcxNOW has taken LTC market share from 2% to 29% in 3 weeks (away from BTC-e). The above = RARE PHENOMENON... And markets are much better at price discovery than analysts. Of course there is risk in tech startups... But with all due respect, your analysis is just letting traders buy-in 20-25% cheaper Saturday. |
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Is that a core problem? If mcxnow can expand the way it generates fees from more than trading it will be more successful than other pure exchanges. From the looks of this new site they already have the trading angle covered pretty well. Makes sense to me that they expand into other realms to increase the fees generated. Over time both the trading fees and non trading fees should increase and compliment each other. Agree. The current 0.2% fee will never support mcxNOW valuation currently $11,000,000... Based on 1,500 BTC average volume = 3 BTC/day or $150,000 annual revenues = 73 x Gross Revenues. It might be "smarter" to disappear with 7,000 BTC in deposits... ($1,000,000 is a life's work for most people)... Then slave over a very complicated, break-even business for 18 hours/day. As someone doing about 20 trades/day... The "Pro Trading" option doesn't give you much... (Though if they allowed me to shut off the Chat Box I'd pay for "Pro Trading")... And, frankly, the PayBan is gimmicky and unprofessional (if you are an adult). Since mcxFEE shares trading is probably 60-70% of trading volume... (And this is very unusual and circular for an exchange)... The share trading fees there should creep up to 0.25% or 0.30% "for the Common Good". |
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Preview of mcxNOW...
~BCX~
Serious question. What kind of deposits/volume in BTC was PhenixEx doing at it's peak? Everyone seems to have quit because no one was making money. |
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Mining is 100% proof-of-stake, Greenpeace will be happy.
Sooner or later someone will get this right. Hash PoW mining will be viewed as a quaint anachronism. |
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I don't think you understand, YOUR POST is market manipulation, trying to scare folks with your conspiracy claims. What you are seeing is free market. People buy the fee shares because they believe they are worth the price, nothing more, nothing less. The actual 'Manipulation' is fear-mongers like you and other BTC-e, Crypsy, MtGox trolls, trying to drive the price down with obvious inventions and incredible (mathematically unsound) trading algorithms and posing them as 'warnings' to unsophisticated investors and traders. If you don't like what you see, move the hell out of the way, the stampede of others with more brains than you, are getting sick at your constant whining. -Jarl Jarl, baby, even Rocket Scientists thread-jack sometimes... But we need to know... how fuck this coin is... or maybe not so fuck? |
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One problem with coinchoose is they lag in updating difficulty. Noirbits all morning has been near the top saying .27 difficulty when it really is 1.29 being 4.77 times higher. This nonsense happens pretty frequently.
You get what you pay for. |
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After the GOX melt down earlier this year, there were 100's of threads and a Chinese wall of text on distributed exchanges, replete with picture, flow charts, etc
now nothing has come of it, that I can see.
Did any of them go anywhere?
I said at the time, if they spent as much time cutting code as wall of text, they could have made something.
The whole point of an "exchange" is to put Fiat in your bank account or pocket. The only way to make this "distributed"... Is to have random people send random strangers money... And keep track of all this is a decentralized way. The banking system is not designed for and does not allow anonymous payments... Except maybe very small amounts. So that's the end of that pipedream. |
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I haven't seen any pump or dump activity in the freakbin (not that I monitor it 24 hours a day). The freakbin is meant for REGULAR users of the exchange who have views that are typically offensive. It gives them an outlet which doesn't disrupt regular users and is in some ways a reward for being loyal members for so long. It's an attempt to make the exchange more professional. An attempt! I think with the recent payban introductions people have been self moderating fairly well.
If you really want to make mcxNOW more "professional"... Could you please allow people to disable the Crack Box? It takes up 20% of the screen space = MAXIMUM DISRUPTIVE... It's hard to be more disruptive than Hiding Your Orders. Simply make the buttons there STICKY... If I click "Your MCX Orders" the Chat Box should be gone forever unless I want it. |
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It's a nice exchange, but the mcxFEE shares are WAY over priced. There's so much speculation built into the asking price right now that it's going to be pretty harsh for some people when RS releases more shares.
Which is why I tell the pumpers to pump it up more. The higher it goes the harder it will fall. It is laughable that 1 mcxFEE share is 0.991 BTC.  So his entire supply of shares is worth ~99,100 BTC. Which is again laughable. You can't measure it this way. Right now it is being seen as a game - people are buying/selling to make money. I doubt anybody buying at 0.99 is thinking fondly of all the upcoming dividends. Yes I can. RS has created 100,000 shares of which he holds the majority of. So 100,000 * 0.991 = 99,100 BTC market cap of his "stock". What I meant was the actual returns on the shares are immaterial to the traders right now. They are buying solely to sell it and make some profits. It's a great scalping stock because it feels like there's a floor... Last 48 hours 2 blocks of 300 and 100 sold around 0.9 with little impact... mcxNOW is a lot cheaper and rational than XRP... RS could easily float another 5% without impacting the price. RS, just do it, baby. |
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Seriously, mcxNOW is now valued at $12,000,000...
And your buddy RS has only managed to monetize 5%...
A measly 5% @ 0.1 BTC = $60,000.
This is for an exchange that is GROSSING maybe 3 BTC/day.
There is only one possible move here = you keep things running smoothly.
Then you either sell more shares to the public...
Or sell the whole exchange to another party.
There is a flaw in this calculation, not every share was sold at the same price, the owner could not suddenly dispose of his shares without destroying the price, so the $12mill figure at this point is a pipe dream. Since you feel that the free market is totally wrong... You must be a big fan of Central Planning. Why don't you form a Committee of Experts, come up with numbers, and we'll all just use those. I don't feel the free market is wrong, I feel YOU are wrong but most like you are just another troll to be ignored. You are obviously being manipulated. |
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Seriously, mcxNOW is now valued at $12,000,000...
And your buddy RS has only managed to monetize 5%...
A measly 5% @ 0.1 BTC = $60,000.
This is for an exchange that is GROSSING maybe 3 BTC/day.
There is only one possible move here = you keep things running smoothly.
Then you either sell more shares to the public...
Or sell the whole exchange to another party.
There is a flaw in this calculation, not every share was sold at the same price, the owner could not suddenly dispose of his shares without destroying the price, so the $12mill figure at this point is a pipe dream. Since you feel that the free market is totally wrong... You must be a big fan of Central Planning. Why don't you form a Committee of Experts, come up with numbers, and we'll all just use those. |
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In my view the whole concept of supporting debt/transactions through trust is majorly flawed.
Why create a system that is based on IOUs and trust?....."faith"?....."credit"? <--- The last two words are use by the U.S. govt when making promises they can't keep based on IOUs.
We already have that type of broken system...it's called the Federal Reserve System.
That's pretty much the only way to provide an electronic payment system for fiat currencies. Ripple is "less broken" than existing payment systems for fiat currencies because users can exchange balances with each other without needing the permission of any central authority. Keep flogging that Silly Straw Man, baby. In decades of banking and trading in Canada and USA well into 7 figures... I have not lost a single penny... or lost any sleep over the security of my assets. Meanwhile, people whose money disappears on Ripple are writing Github tickets... And being told they had "bad passwords". What fun. https://ripplecharts.com/marketsLooking at the stats there has been no progress since May... It's Bitstamp and nothing else... Your big US Gateway is doing $2,300 is business/day. Open sourcing without achieving anything close to "critical mass"... Seems like a desperate move to save the Network to Nowhere. |
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Nice to see some steps in the right direction with Open Sourcing and with the name change.
However
Despite that though I still have an instinctive aversion to the concept of chains of trust and passing around debts. Bitcoins are something I get, it is sound money. Ripple is something that I just don't get the idea is confusing and even if the ripple devs have good intentions, I can't get past feeling that the idea can be used for nefarious aims.
https://ripplecharts.com/marketsThere's been no progress since May... You got Bitstamp and nothing else... Even with the BIG BOOM of open sourcing only $38,000 USD/XRP traded. Their big US Gateway SnapSwap is doing $2,315 of business/day. If you bought XRP in May... you are STILL DOWN 50% at 9000/BTC... There's no liquidity anyway to make any real money... Plus 98,000,000,000 XRP waiting to be dumped on you, baby. Compared to mcxNOW... Ripple is a Ghost Town = 100% hype... Do people not realize that every single business associated with Ripple is IN THE RED. |
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I actually called the IRS and asked about having to be registered as a money transmitter.
There response was that ANYONE who buys, then re-sells, etc IS A MONEY TRANSMITTER AND MUST FILE IF EXCHANGE OVER $1,000.
If you report your BitCoin income, then audited, and not registered you will be in trouble.
Calling the IRS... And talking to someone so unimportant that they field public phone calls... Is just about the dumbest way to get reliable information. As for the last part... Does the IRS arrest hookers/pimps that declare their income? Basically, the Government is not responsible for "helping" you obey the law... The onus is on entirely on YOU to hire specialists like Securities Lawyers or Certified Accountants... But you will certainly get a variety of opinions... and that, again, is YOUR problem. |
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