WOW 30btcs to use a site that is designed worst than craigslist and has two stocks. I would like to know how this fee is going to help the site. Are you going to get more servers? Are you going to focus on a better UI and maybe an API? I mean I would never pay for something that obviously doesn't show a return in the site.
The fee is mostly there to keep out people who have no business investing. These may or may not be the sort of people that don't distinguish worse and worst. |
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If you are not putting your bitcoins up for sale (for USD, shoes, a wank) then your bitcoins have no value.
This is actually false. People wanting bitcoins is what gives them value, not people trading them. |
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The asset started from an IPO of 1 BTC and ended up trading at 0.011 BTC each, something unseen before. Diablo-D3 was frequently doing DMC to other assets trade-in under the current NAV to entice trades. Each time pushing value down.
This part is not in contention. The accounts were unblocked because a motion was accepted, asking shareholders if they wanted to keep Diablo-D3 as the manager.
This part is also not in contention, nor is it material. As to your objection to III.b, I recall seeing somewhere Usagi claiming that (a Goat quote, if memory serves). You may well be correct, it's quite impossible to know the truth of that matter. According to your claims it does not seem you are accusing Nefario of scamming or defrauding anyone. It seems you are accusing him of being incompetent.
Well you'd have to re-read them in that case. I really like MPEx, but I do not appreciate how you've been managing PR for it. If you're to propose MPEx as the best choice by attacking the competition's credibility instead of promoting MPEx's superiority, at least get your facts straight and quoted in full.
What's this to do with anything? Quoting in full is not practical for the obvious reason that even if I could be bothered to do it nobody'd be bothered to read it, some summarization is unavoidable. Otherwise the facts are pretty much straight, I would say (even if you've offered your own opinion as to what may or may not have been the case with III.b., that opinion is not a fact quite yet.) |
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Let's be honest - the reason why people are willing to put blind faith in these operators boils down to greed. They're "investing" on the slight possibility that the scheme is both legitimate and sustainable. Intellectually they might know that there's a high risk of failure, but the remote possibility of easy money hooks them emotionally - especially if they're people who unlikely to ever acquire wealth by conventional means.
Spot on, actually. |
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Its almost a direct copy of glbse....
No, actually, it's a lot better in pretty much every respect. For one, pages load within a second. For another, information is rationally & conveniently presented, there's trade history for instance. Some day/week/month averages would probably help. |
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As the title says, the fee for opening a new account on MPEx is 30 BTC, effective immediately. Already existing accounts are unaffected. The fee is projected to keep increasing for the indeterminate future.
How do you justify this ridiculous fee? where/to whom does this fee go? Justify? What do you take yourself for, Obama? As the title says, the fee for opening a new account on MPEx is 30 BTC, effective immediately. Already existing accounts are unaffected. The fee is projected to keep increasing for the indeterminate future.
Wow, using the issues that GLBSE is having to gouge people? Fuck you and the horse you rode in on. I'll do my best to ensure you fail. Bring it. Also "the issues" GLBBQ "is having" is the misnomer of the month. See here. |
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Christ that Mpex site looks like the last place I'd send a bitcoin. If you're here slagging the competition it rings even more true.
Keep sending them by looks and soon enough you won't have any left and we won't have to hear from you ever again. Tried and tested by so many before.... |
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Wait. Usagi is married?! TO A WOMAN?!
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Lack of explanation implies lawyers got involved. Wait and see what happens.
Yeah that's what I'm thinking. Saturday should be an interesting day. No, lawyers getting involved implies lack of comments. Lack of comments implies nothing. Implications aren't two way, you know. Lack of explanation implies lawyers got involved. Wait and see what happens.
Yeah that's what I'm thinking. Saturday should be an interesting day. Agreed. If it was migrating servers or something like it, he would have put it on there and would even have announced it before hand. The fact that he doesnt means he doesnt want to talk about the real reason yet. A SEC or criminal investigation seems like a good bet, and also matches with the fact Nefario hasnt been communicating for quite some time now. Anyone have an idea how much money we are talking about here? The combined asset value? 150k BTC asset value or so, I imagine most peeps didn't keep much of a BTC balance on GLBSE. Probably less then 20k BTC on the exchange. Aggregate value of all GLBSE assets was in the 50k range. It's conceivable 2-5k of that was in cash balances. Protip guys, don't start a business like this without first hiring a lawyer who specializes in finance & securities law, period.
In other words, don't start a business like this without first being a millionaire, or having one to back you up. (it won't stop on "hiring a lawyer") That is exactly true, and exactly the reason MPEx ate everyone's lunch. |
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Each equity should have its own separate website where users can buy and sell the security.
No, you should just shut up and get lost, shillboy. Or do I need to pull up all the shit you were flinging at the actual exchange to defend the scam exchange? Buy some shame, will you. WTF. No statement, just going offline.
And another time they show their lack of professionalism.
Same goes for you. |
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GLBSE seems to be having a bit of trouble lately.
So does MPEX. In fact I heard someone say that MPEX was a scam. What can we learn from this?Look, you're supposed to be a PR agent for MPOE. You're doing a really shitty job. You wanna talk conflict of interest? You're issuing malicious criminal libel against GLBSE. For god's sake. Don't you understand that this is business, and that there will be competitors? Stop making an ass of yourself... Honestly, yes, there are problems with GLBSE. No on denies that. But we really don't need the spokesman from MPOE doing nothing but trolling GLBSE. Seriously, look at your last 20 posts. I'm willing to bet that no more than one or two of them had anything to do with MPOE and the other 18 were just comments against other people/exchanges not connected with MPOE. What the hell is wrong with you? Don't you know you are destroying whatever is left of Mircea's rep? Whoa, wait a second there. "glbse seems to be having a bit of trouble lately" = "malicious criminal libel"? What's "criminal libel"? How's something criminal without being malicious? Are you from the future? Ok GLBSE is totally down now.. https://glbse.com/GLBSE is offline
We will update our users on Saturday.
 Oh for fuck sakes, I just transferred 200 bitcoins to GLBSE.... fuck me. Is that malicious, criminal or just... you know. god all of you stop shitting your pants. websites go down everytime. why the duck do you ultimately think shutdown? man the fuck up... also MPOE cut the bullshit and fucking find a decent way to compete, loser
Something like, bullshit threads nobody reads? Welcome to the forum, you're the first sockpuppet here. god all of you stop shitting your pants. websites go down everytime. why the duck do you ultimately think shutdown?... also MPOE cut the bullshit and fucking find a decent way to compete, loser
Without any explanation? Also, please note that it says there will be an update on Saturday, not that the site will be back up. This isn't some minor server problem. But I agree -- there is no reason to trust anything that MPOE-PR writes, and MPEX is a scam. Got any backing for that stuff there? |
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Could we keep a few minutes out of that hypothetical day to punish the criminals, like those you mention? I believe we could still have a serious net gain in utility if we whipped the prisoners as required to keep them motivated.
MPEx will pay for the whips if you publish videos of the whippings. |
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I predict after friday things are gonna change and more level heads will prevail.
This prediction seems to have been spot on, GLBSE being closed. Ouch. While I certainly have no issue with a good barroom brawl now and again, painting my comments with the usagi-thought brush is just plain mean.
Perhaps it was a little rough. It's not too late to backtrack and relist the assets for damage mitigation, even if some harm will remain. Another option is to let GLBSE die with as little fuss as possible and run with minor deposits whose owners won't go to court over.
You mean sorta like bitcoinica 2.0? Interesting. Oct 04 18:57:06 * genjix (~genjix@188.165.73.224) has joined #bitcoin-assets
Oct 04 18:57:19 <Doffx> Time to open free accounts for Mpex
Oct 04 18:57:40 <mircea_popescu> not happening.
Oct 04 18:57:42 <mircea_popescu> actually
Oct 04 18:57:43 <smickles> Doffx: no, time for jurov|away's brokerage site to open up public
Oct 04 18:57:47 <mircea_popescu> effective immediately, the fee is 30 btc.
Oct 04 18:57:50 <mircea_popescu> enjoy.
Oct 04 18:58:04 <Doffx> Lol.
Oct 04 18:58:19 <smickles> coinbr.com, iirc
Oct 04 18:58:21 <ErebusBat> AND your eyes can bleed while you use it
Oct 04 18:58:26 <ErebusBat> it is a two-fer
Oct 04 18:58:37 <Doffx> Either way I will no longer participate in any exchange.
Oct 04 18:59:09 <Doffx> I'm glad I removed all my BTC from Glbse
Oct 04 18:59:16 <defactomacro> what is left to participate in?
Oct 04 18:59:19 <Doffx> Just wish I had time to dump all my shares
Oct 04 19:00:10 <genjix> nefario is legit. for sure there is a reasonable explanation and everyone will get their bitcoins back. i trust the guy.
Oct 04 19:00:44 <smickles> defactomacro: any other bitcoin related securites exchange?
Oct 04 19:00:59 <smickles> there's a whole list in /topic
Oct 04 19:01:02 <Doffx> The btc is only one part of the problem, the bigger problem is everyone is going to want out.
Oct 04 19:01:02 <mircea_popescu> ;;ident genjix
Oct 04 19:01:03 <gribble> Nick 'genjix', with hostmask 'genjix!~genjix@188.165.73.224', is not identified.
Oct 04 19:01:09 <mircea_popescu> you have got to be kidding.
Oct 04 19:01:12 <Doffx> So if you own shares what happens.
Oct 04 19:01:21 <ErebusBat> genjix: If ther eis govt intervention it doesn't matter one lick if nefario was legit or not
Oct 04 19:01:40 <mircea_popescu> genjix aren't there some coins you folks stole with bitcoinica taht need to be dispensed ? |
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In order to sell the contracts you have to first create them. That takes capital to cover. Perhaps you've not really tried the method you propose?
Let's say, I will transfer $1M to your bank account. You, as market maker, will buy from me or sell to me if needed. Will it work? Nope, you'd have to open an MPEx account and transfer Bitcoins. At current market rates 83,333 O.BTCUSD.P120N will need roughly 80k BTC to cover. If these are never exercized then you get your 80k BTC back. |
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How did the looking for discounts pan out for you then?
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Unfortunately this is true, but I think it's likely to get better.
Nominated for the "Last Words" award. |
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Perfect timing on this, too. Oct 04 04:22:07 <smickles> there's the wall Oct 04 04:22:07 <rdponticelli> There it goes... Oct 04 04:22:21 <rdponticelli> Was a pleasure Oct 04 04:23:38 <smickles> it was nice while it lasted   Oct 04 04:24:31 <assbot> [MPEX] [S.MPOE] 31400 @ 0.00035922 = 11.2795 BTC [-] Oct 04 04:24:33 <assbot> [MPEX] [S.MPOE] 34776 @ 0.00035919 = 12.4912 BTC [-] Oct 04 04:25:06 <mircea_popescu> so did you have fun with it smickles ? Oct 04 04:25:18 <mircea_popescu> 5 months, best fund in btc history by returns, etc Oct 04 04:25:24 * maximian (~maximian@S010600008654164f.vc.shawcable.net) has joined #bitcoin-assets Oct 04 04:25:34 <rdponticelli> By far Oct 04 04:26:16 <mircea_popescu> !pl mpoe.etf .1 Oct 04 04:26:16 <assbot> Requesting data from GLBSE (might take a while, also might return fishy results as it does not account for splits etc). Oct 04 04:26:20 <assbot> MPOE.ETF [ 1@0.1BTC] paid: 0.02470282 BTC. Last price: 1.2638345 BTC. Capital gain: 1.1638345 BTC. Total: 1.18853732 BTC. ( 1188.5%) Oct 04 04:26:33 <mircea_popescu> that 1188% is definitive i'd guess Congratulations on running the best asset that ever was on GLBSE, and good luck with the next one. |
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As the title says, the fee for opening a new account on MPEx is 30 BTC, effective immediately. Already existing accounts are unaffected. The fee is projected to keep increasing for the indeterminate future.
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I would like this thread incorporated here by reference, and I would like to update the original indictment with: IV.a. On October the 1st Nefario, GLBSE or both approved for trading a fund which purports to collect investment with which to buy mining bonds or equipment (unclear which) and then use the proceeds so generated in order to purchase bulk lottery tickets (something which may or may not infringe a patent held by Butterfly Labs or Butterfly Labs principal Sonny "Whatshismobname" Vleisides). This braindamaged plan was announced on the 26th of September. IV.b. For the entire interval spanning IV.a. above, Nefario failed to accept and failed to communicate with at least two users on the subject of their pending listings, and further refused to refund a third. This conduct clearly proves that Nefario is running a platform dedicated exclusively to the promotion of scams, of which he likely is taking an undisclosed cut. The theory that he "accidentally" allowed a blatant scam through while refusing some other people's unspecified projects can not fit any other explanation. |
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GLBSE seems to be having a bit of trouble lately.
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