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Flops (Floating Point Operations Per Second) do not apply to Bitcoin, Especially not since the advert of ASICs.
If you want to do a comparison do it with the estimated power consumption.
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Alright then, somebody got wind of the SD deal before it was announced, along with the price and bought up all shares below that price. MPEX is one of the places where the information could have been available beforehand. This makes you a potential suspect.
Actually I was interested in this case, because it looks indeed suspicious. The first spike in volume was a sale. Maybe the alleged insider put up a buy wall which was filled immediately, but I exclude this trade from the trades of interest for now. The jump from 0.0022 BTC to 0.002399 BTC was due to the next buy, not because of the sale of 5000 shares.  The next picture shows the range of alleged insider trades:  Inbetween those two points were: 61 trades (60x "Market Buy", 1x "Call Option") with a volume of 12,156 shares for a total of 32.61828 BTC. The averaged price per share was 0.002683 BTC. This results in a profit of 9.92772 BTC after the buyback for 42.546 BTC (0.0035 BTC per share). 10 BTC profit in a 126,315 BTC deal seems somewhat insignificant to me. It would make sense to add those 5k shares as part of a double cross deal though, meaning the deal didn't officially went through till it was filled. I think that is as close to what actually happened as it can, it would make sense for the buyer to try to acquire as much shares as possible before the deal. The shady part would be a "slipping timeline" where the deal isn't in place until a threshold of shares have been acquired. This practise wouldn't count as insider trading under the Bitcoin ethic, I think this is also how the Bitcoin/Dollar market works to a large extent. It still is scummy imo. MP might have been out of the loop, unless he was the acquiring party...  |
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For the record, I never knew about it before I read about it on Trilema. MP obviously knew about it, but is the only one here that did and never said anything to anyone before Erik announced it. This anyone includes the numerous PT operators, which were (perhaps understandably) at least nonplussed by the shock of it. So, suspect away, but nothing came out of MPEx on the score. I have all this on divine authority.
That aside, the graph you point to suffers from the following defects:
a. it comes from an untrustworthy source;
b. fails to show anything out of the ordinary and
c. (as pankkake points out) is mistimed.
So essentially this is people continued trading the stock even while it's worth a fixed price, ok that's an explanation I can accept. Let alone for the possibility of point c) being wrong, in which case somebody made it appear this way. I won't count pixels on this chart to determine if there is a time difference between the announcement and the onset of the rise, it's not that important to me. So no, on the balance of evidence nobody got wind of anything whatsoever and did nothing with it at all. The SA crew found about the whole thing late and just threw some words on the page more or less randomly. Which you know, is cool and all, but...seriously, that site used to benefit from a lot more intelligent effort, and it showed. Goonworld running out of people? Or just a dearth of smart ones?
I have no idea, to be honest I too looked at it as self-evident, and since it really being insider trading would provide the most amount of comendy I was expecting it. Turns out that might be wrong, not that bad, there are plenty of other things to laugh at.  |
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How do you expect me to tell you how something DIDN'T happen? That's not possible.
What's possible is you actually building your case, as to what you think did happen. If you manage to step outside the pinko swarm mentality for a moment and actually articulate thoughts for yourself rather than simply re-hashing the entire contextual "words for their effect" thing.
Alright then, somebody got wind of the SD deal before it was announced, along with the price and bought up all shares below that price. MPEX is one of the places where the information could have been available beforehand. This makes you a potential suspect. |
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Oh, buttcoin still lives? Neat.
They'll probably be around longer than MPEX. You didn't tell me how there wasn't insider trading going on. Stocks being bought up just prior to the deal to just under the buy-out price stinks. You can claim you had nothing to do with it, but then you'd have to acknowledge what happened. |
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Bitcoin will be replaced by a cryptocurrency supporting split-second confirmed transactions within a decade.
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I experience a decent amount of Schadenfreude that the Bitcoin Community finally is filled with the kind of people it deserves. The rhetoric is exactly the same as your typical Bitcoin Zealot uses. Waving hands, stating 20% true things in between 80% Bullshit. Less nerds more common joes with an affinity to "alternative incomes". Certain things are meant for each other. Bitcoin, MLMs and HYIPs living together ever after. I give you the Bitcoin Killer App! First folks who sell Bitcoin ASIC miners with MLM get the cream! GO and run with it!  You'd think so, but no. As long as MP's around I very much doubt that's gonna happen. How do you intent to stop them? |
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ok then then how did the price get lifted to the level it was sold for prior to the deal, did the "scam exchange" trade any stock or not?
So no details, no nothing, just tendentious questions. How would I know? How would anyone know? Do you know? Why don't you know? I mean don't get me wrong, I appreciate the implicity divinization of MP you're pulling, acting as if he's omniscient and everything, but then just say that plain rather than covering it in all this icing of humbug. I am just trying to provide a little substance for this otherwise boring thread. (srsly what's up with that?) Those accusations are not mine, look over at our goony friends at buttcoin. |
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I experience a decent amount of Schadenfreude that the Bitcoin Community finally is filled with the kind of people it deserves. The rhetoric is exactly the same as your typical Bitcoin Zealot uses. Waving hands, stating 20% true things in between 80% Bullshit. Less nerds more common joes with an affinity to "alternative incomes". Certain things are meant for each other. Bitcoin, MLMs and HYIPs living together ever after. I give you the Bitcoin Killer App! First folks who sell Bitcoin ASIC miners with MLM get the cream! GO and run with it! |
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I probably won't get a straight answer out of you, but since you didn't care to respond in the other thread here it is again:
So you probably guessed it, what was MPEXs role in the Satoshi Dice Insider trading (how big was you cut)?
Uh yeah you probably ignore it again, or insult me. Either way, be ensured people like me won't forget about it.
If it can only be an insult go ahead, but ignoring it makes you look guilty not only in my eyes but also in the eyes of those potentially using your service,...
I don't happen to know what other thread you're talking about, it's always a good idea to link your references. That aside, I have no idea what you're on about. What insider trading? Be specific. Include details. As a subpoint: why do you imagine I'd give two shits or comment on some graph you've taken off the premier scam exchange currently active? Pick something with some credibility. ok then then how did the price get lifted to the level it was sold for prior to the deal, did the "scam exchange" trade any stock or not? |
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I probably won't get a straight answer out of you, but since you didn't care to respond in the other thread here it is again:  So you probably guessed it, what was MPEXs role in the Satoshi Dice Insider trading (how big was you cut)? Uh yeah you probably ignore it again, or insult me. Either way, be ensured people like me won't forget about it. If it can only be an insult go ahead, but ignoring it makes you look guilty not only in my eyes but also in the eyes of those potentially using your service,... |
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This is the MLM she was talking about www dot tigo dot com
And why should I care? You've seen it, I think MLM people are the only ones worse than Bitcoin Zealots in that regard. If you are related to anyone human, then you've probably been exposed to an MLM. Some of us "Bitcoin Zealots" are here not to make fast fiat money, but instead are hoping to promote progress through this technology. No you just think you'd come up on top in the feudalism you call a libertarian society. Making money out of Bitcoin is fine, your scheming is not. Like it or not, there are MLM people just like narcotics and walmart people. Your comparison is like Scientology vs your local Yoga class. |
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This is the MLM she was talking about www dot tigo dot com
And why should I care? You've seen it, I think MLM people are the only ones worse than Bitcoin Zealots in that regard. |
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Zero effect.
I can agree to that. Keep in mind that the Alarmthread has just been published and most people are still to take notice, so the market is lagging behind a bit news. It's an inconvenience but I can't really think why anybody would sell or buy Bitcoins based on that. Lets say ultra-long term over the course of a decade or so it adds to the number of potential security risks associated with it. But I'm a ultra long term bear anyway so that comes of little news to me but perhaps people will realize this sooner if more of those things happen. |
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I can't buy food with bitcoins.
I can't pay rent with bitcoins.
I can't buy gas with bitcoins.
These are the big three reasons.
Currently bitcoins can only purchase luxuries, not necessities. And before someone brings up Bitmit, I am not waiting days for my food to be delivered.
So you think people trust fiat money because they can use it to buy food/rent/gas? How about Euro then, you can't use it to buy these things in US either You can buy those things, just in Europe. Doesn't every walmart have a currency exchange? |
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Zero effect.
I can agree to that. |
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Deception you say ElectricMucus, well the activity with this MLM I am talking about has to do with what many if not all of us have to do during our lifetime. while the activity is not free as you are correct nothing is free by redirecting such activity through this MLM we actually receive some of what we spend back. I just don`t see this one ever collapsing, but we can agree to disagree You lost me there, that makes no sense. |
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ok, explain to me how can something that is free to participate in be a scam?
It's the deception that you think it's free. |
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Quote from:ElectricMucus on Today at 05:03:08 PM It's called confirmation bias. what? I don`t see this MLM ever collapsing since people don`t or are not required to send any funds directly to the MLM and we still earn by taking advantage of the system that is in place. It doesn't have to be a pure ponzi scheme in order to be a scam, or you being subject to confirmation bias. |
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sorry, but after being involved in this one for a year I see that NOT ALL MLM`s are scams It's called confirmation bias. The pirate ponzi was "entirely not a scam" too until some time after it collapsed. |
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