Alternatively, and perhaps much more rationally, 0.00086 (share price) / 36010 (monthly volume) / 12 (months) / 0.002 (trading fee) *  1 billion shares would yield a PE of 995, which seems to be what a well run, trusted Bitcoin business trades for.

One can't ignore the market indefinitely. For the past two years MPEx has been practically without exception the largest venture in Bitcoin. Others have come and gone, be it Satoshi Dice, Asicminer or what have you. At times of crisis the entire rest of the Bitcoin economy collapsed into nothingness, leaving MPEx to stand in excess of the sum of everything else. At times of (irrational) exuberance drastically inflated market caps on the basis of narrow available "investment" Bitcoin made competition seem possible, in aggregate, but still left MPEx the largest one Bitcoin business (with week or month-long interruptions here and there, sure).

The fact remains that Bitcoin isn't here to adapt to the needs, desires, or expectations of the fiat world. Bitcoin is here to force --with its consent, no matter how enthusiastic, or against its will, no matter how empathic-- the conformation of the fiat world. Consequently...1k PE is just what PEs are in Bitcoin, if the company doesn't suck. If it does suck...well...a fraction thereof.

This isn't nearly as unreasonable as it seems once you realize that Bitcoin, unlike fiats, is noninflationary. In 1965 a gallon of gas cost $0.31, today almost fifty years later it costs ten times as much. That's roughly 20% each year (0.2 * 50 = 10) and if you compound it yearly this comes to a whooping 9100x. Meanwhile in the same interval Berkshire Hathaway went from $14.86 per share to $182,175, which is roughly 12,259x. Not that much better (and for that matter if you compound quarterly rather than yearly, the gasoline figure is 17,292 rather than 9100). In this perspective, Berkshire has barely kept up with inflation (a little above if you compound yearly, a little below if you compound quarterly). What is the real (ie, Bitcoin-equivalent) PE of Berkshire? About 1000x, at least as degree of magnitude. Once you wash away all accounting inflation caused by fiat monetary inflation even the best of fiat companies appears quite MPEx-ish. And this as to the exceptional, the outstanding, the one-of-a-kind. God help you should you consider the merely competent, such as for instance Buffett's competitors Burlington Industries (actually, he spells it out himself).

Or maybe just see here and take it down a notch. Or five.

Versions are much more important. Basically, stuff after about 0.7 or so supports the wallets of everyone owning less than a Bitcoin or thereabouts.

What are you, stupid or something?

Kinda why nobody serious actually follows the Foundation client anymore.

Why're you selling something so hard if it's "free"? Oh right, mailing lists.

Here's a tip: do something actually useful. Plastering a buncha ginormous "digital product impressions" and dangling lame carrots in people's faces is obnoxious as all get out and firmly pegs you as someone who's here for the sole purpose of milking noobs (and no, it doesn't matter whether that's "your intention". It's what you're doing).

Alternatively, you can just derp on back to the warrior forum.

Or what you understand of it, at any rate.

The "transactions" thing is meaningless anyway.

Don't you find it just a little odd that as the Bitcoin Foundation is being reamed into oblivion, some floozy comes up with a repackaging of Gavin's self-aggrandizing nonsense? (Really, you nearly broke it, fuckwit? Aren't you a Super Power-Ranger of Cool.)

I get it, a certain group of not particularly smart but definitely dedicated twerps would very much like to hold on to their always overstated and currently fading relevancy in this space. Gavin happens to work for them (tho' according to him, he could afford to retire, so he doesn't really need to be paid, which conveniently explains why the Scam Foundation isn't going to be paying him anymore. Well done). The why is quite clear.

The how is quite problematic, however. This fiat-style attack on Bitcoin is poorly thought out and ultimately fails to deliver. For one thing, the identity of Satoshi isn't going to be established by random twerps opining and being interviewed on the topic of "what they think". That's not how Bitcoin works, we have signatures for a reason, there's this entire structure built exactly so as to avoid the sort of inept, blathering nonsense Gavin's girlfriend bathes in. You don't need to "ask people" what "they think" about any incoming transaction, you just look for the signature. That's all there is, and that's all there is for good reason.

And since we're on the topic of fiat attacks upon Bitcoin: Hey Gavin? Leadership is not "having to make appearances and presentations and comments to the press". That's PR. And leadership sure-as-fuck-on-wheels isn't going over to the CIA to reassure them about how your life goals are to continue sucking government cock. That's being a fifth column, not being a leader.

You are becoming more and more of an embarrassment, both for this project and for your own family. How about that retirement? They say the wiser men quit before becoming Taaki.

I think he was being sarcastic.

I hope he was being...

I....

As usual, MP has the story. The strange case of the delusionist and later stories:

Indeed not. "We" now know Gox mostly traded with itself, and MP sez the price signal is pretty much RIP these days.

Obviously you don't reliably measure it, you're stuck guessing. Otherwise you'd have exact %s.

Depending on how well connected you are that guess is going to be more or less accurate (which is why the guesses of the unconnected are so way off the mark).

Actually the majority of Bitcoin trade has happened OTC since forever. In 2011, in 2012, in 2013. That a majority of Bitcoin's periphery (ie, people interested ideally but not invested significantly) don't know about this is neither surprising nor terribly relevant.

The problem is you are not free to pass off your bullshit as something that belongs in a bitcoin securities forum. Plenty of others have made the same mistake, and plenty of others have imploded spectacularly. Go crowdfund on a corner somewhere. You'll find the gutter has the sort of "investors" you're after anyway.

No kidding. Sorry to hear about this but thanks for taking the time to document it.

Whose scammer-I-exposed sock are you?

Problem is you did not raise any valid points, and from the manner in which you raised those invalid pseudopoints it became apparent there's no practical, cheap, or easy way to correct you. So...what's one to do.

How about you shut the fuck up and get lost? Twelve post "we" indeed, get a load of that.

Most definitely get yourself in the WoT.

So noobs are encouraged to send money in and we can't say anything else about it. Why do you think this belongs in "service announcements" as opposed to "scam accusations"?