Erik,
if you still have a loan of 6K BTC to Sdice, I really really don't get the purpose of the IPO where SDice raised approx 35K btc.
The dividends are not your asset, it belongs to all stakeholders now.
Actually, it was 2mn * 0.0032 BTC each + 5 mn * 0.0034 BTC each + 3 mn * 0.0037 BTC each = 34.5 k BTC at ipo + ~3 mn * .005 or so each = roughly speaking 50k BTC. For comparison's sake, all of Asicminer was built out of a 20k BTC original investment, more or less at the same time. |
|
|
|
8 btc per vote ... I guess that is one way to keep frivolous votes from being posted.  I think it could be said that if the result of the vote isn't likely to create at least 8 BTC of value for the company there's absolutely no point in bothering with it at all. It is after all a game company in the sense of making games, not in the sense of being a game. |
|
|
|
I agree, but what exactly is going to be done about it assuming Erik just takes the money. MPOE-PR has no power to enforce anything (but delist the asset and screw over everyone who invested and thus keep the money like they did with the giga PT)
Be very careful guys...
This may come as a surprise to you, but the world isn't entirely made out in your own image. There's really two kinds of people: the adults, who actually follow contracts, and the infantile scum, who don't care what's right or wrong past the very simple "what power is there to force me do what I should do in the first place". This incidentally is why nobody gives a shit about what you have to say, here or anywhere else. |
|
|
|
Quick announcement - This month is progressing well with site performance. I am going to take this opportunity to have SD retain up to 4k in earnings for June at the end of the month. This means that dividends on earnings up to 4k won't be paid for June (ie - if the site earns 5k, then dividends will be paid on only 1k of earnings).
Before you yell and scream, let me explain the purpose.
Currently I have, personally, provided an ongoing interest-free loan of roughly 6100 btc to SD that is used by SD as its betting pool. This is money that is at risk of hacks and losses, but I've permitted SD to use it because it needed a capital pool. The risk to me was tolerable when Bitcoin was $10-12 each. Now, however, that's a ton of money, and I would like to withdraw the loan.
Thus, earnings for this month (June) will be retained by SD for the purpose of replacing this pool. The pool needs to be roughly 3-4k btc, so the site is on track to earn this amount this month. It's thus a perfect time to do the swap.
Note that because these earnings are retained and owned by SD, if and when they are ever paid out or released from SD, they will go to all shareholders. Thus the betting pool held by SD will from now on be an asset of SD instead of a liability owed to me. Therefore MPEX holders will, after June, own 13% of the betting pool fund assets. If the site is ever closed down, sold, etc, these funds would be liquidated out to shareholders.
Hopefully that's not too confusing. Please let me know if you have questions about it.
Kind regards,
-Erik
Not only is it incredibly poor form to make such announcements unilaterally, whether the proposed measure is ever implemented or not, it'd seem on the surface that what you are contemplating is plainly in breach of your contract with MPEx. |
|
|
|
For some definitions of "real". |
|
|
|
I am in a complicated situation, I have 0,32 unpaid loans to be received before the 1st of June, for this reason I was late to pay my "investors" 0,57 the 1st of June but with an effort i went to pay yesterday (the funds are still in my account) but what a surprise!!! i have to pay 0,5 more by late payment.
Now I understand why I dont have my 0,32 paid, if every time 1 person is late in a payment by days, you charge the double and THEY WILL NEVER PAY ME!!!!
I do not agree with this charge and if Btcjam do not make anything i will pay my investors directly and never ever use that site.
P.D. Btcjam: if you dont agree with that I guess it will not be a problem for you because you are so confident of charging people rates that have not been pay me, that are for you and my 0,32 too.
Oh look! The "future of Bitcoin finance". |
|
|
|
Barbecue coin, the only cryptocurrency that is proof-of-steak!
Ahaha. |
|
|
|
|
Awww what happened to the old Dooglus avvie?
|
|
|
|
That's no way to manage an asset! Where is voting with unsold shares, shipping costs as assets, 'cash kitty' randomly being found, and opinion polls of "do you like the manager"?!
MPEx is not sufficiently technologically advanced yet. Still working on AJAX out of control includes so we too can be hacked into and have random people change the passwords of random accounts like the other "exchanges" in the "business". |
|
|
|
So what's available in Israel? Maybe if you listed some of the stuff available there you might get people interested.
+1 great idea AAA would idea again! Please list the 12-15 items available in Israel so we can play Bitcointalk Space Traders. |
|
|
|
why is the host provider not sharing the cost of this loss for there errors?
Because their is not spelled that way; because it's not part of their business model; because you sign disclaimers when you get cheapo shared accounts; because linode didn't when it fucked over slush. Take your pick. |
|
|
|
It's funny how you say I'm such a bad person because of what I do for work when we essentially both do the same thing, you get paid to make MPEX/MPOE look good on the forums, I get paid to make your competitors look good on the forums.
No, you have it exactly backwards. You don't get paid. I do. You dick around trying to "make whatever scam look good". I stick around telling people the truth, with particular inclination for the truth they don't particularly wish to hear. And they complain about it. Specifically, the scammers and scammers-to-be complain that I'm not doing a very good job of what you folks imagine the job is. You're wrong, on absolutely all scores, starting with what PR means, going through what business and entrepreneurship are and ending in your own estimation of yourself and others. And by wrong I mean exactly backwards. PS. You're not "part of the competition", for anything whatsoever. To compete you have to do something. You don't do anything. but anyways, no, you Romanian's wouldn't know anything about them, you've probably never seen one before.
I'm sure they've seen your mom, and since we're on it: plural and possessive work differently in English (two girl s, the girl 's shoe), and I'm from California. |
|
|
|
Just to be clear, this is not new news. Obviously he found a bank, he just had to make a phone call and open an account. Nothing important.
Duh. What I would like to know now is if he still has the full amount of money that he started off with.
Double-duh. Take a wild guess. |
|
|
|
II. Running stolen, bug ridden software ( the old Bitcoinica codebase) that has already proven itself useless in the marketplace (three times!) OK, noted. I will do my own due diligence. same That's the only way to go. |
|
|
|
Also I don't see why the GDP of the Bitcoin economy can't be estimated, just as the GDP of many small countries are. In fact it should be easier, since the blockchain is public, whereas national accounting statistics miss out on a lot of stuff.
Of course, it has been. The problem is that much like the "power rangers" that like to write (bad, useless, buggy) code but don't like to read, just so the "economy experts" on the forum love to write (bad, useless, ignorant) nonsense but don't like to read. Generally speaking it's the dirtiest that hate showering most and the ones that'd have the most to gain by reading that avoid it the most. |
|
|
|
As for "infrastructure"... it's nice to have a new bridge.. but the fact that it exists is not as useful in estimating value as statistics on how much traffic it carries. Toll roads are perfect for this because you can tell if it was worth it by seeing the operating businesses' profitability.
So it's nice to know that Bitinstant has "700.000 BTC points of sale" or "MSB licenses in 30 states" but the really useful information is how many people are actually using their $-BTC bridge (and paying at their toll booth). If Bitinstant, Coinbase or Mt.Gox are profitable and keep growing, other companies will emerge to copy their business models and build more roads. Or they themselves will build more bridges in other countries.
Which happens to be exactly why the people that matter have tolls in place. Then they come and say "if you can't afford the toll you don't matter", and the horde that doesn't matter gets all ruffled up. |
|
|
|
In the news: the IPO was successfully completed last night. Total of 88,096,605 shares sold (S.MG's current float), with 8,799.0657479 BTC raised (S.MG's current capital). Full details here. |
|
|
|
Meanwhile, come July, all depositors at InstaWallet will have ALL their funds returned. BTW, how does one say character in French?
Is this a fact or a proposition? Haven't been following so close. |
|
|
|
Sometimes otherwise smart people say profoundly stupid things.
Sure. Alternatively, otherwise intelligent people end up acculturated into ridiculous nonsense with the amusing result of considering plain sense "profoundly stupid" on the grounds that it's profoundly threatening to baseless but nevertheless deeply held beliefs. |
|
|
|
actually it would be very nice to have - but this is really no exactly the place for those discussions...
Peace breeds women only. I'm sick and tired of the card-carrying pussies equipped with a pointless penis. High time for some serious bloodletting, cull the herd a little. At least there'd be whom to date and what for. |
|
|
|
|
Show Posts
