If you don't want to pay the registration fee, you can use CoinBr or another broker.
Should I use your link? If you want; it is there for people to use. |
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For mpex to be worth 1 million btc @ 30% apr it would need to increase profit around 50000% compared to last quarters.
See, there is your problem. Why do you think an investment should earn 30% apr? Especially when it is measured in bitcoins, which tend to be deflationary anyway? Because you need a higher than average apr to accomodate for the ridiculous registration fee. Otherwise it wouldn't be an intelligent investment, even if you overlook the fact that its basicly a pyramid scheme. If you don't want to pay the registration fee, you can use CoinBr or another broker. |
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For mpex to be worth 1 million btc @ 30% apr it would need to increase profit around 50000% compared to last quarters.
See, there is your problem. Why do you think an investment should earn 30% apr? Especially when it is measured in bitcoins, which tend to be deflationary anyway? |
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overstock.com
with bitmit closed down, what is the best place to auction stuff for bitcoins?
Outside from this forums "auction" thread, there isnt really one at the moment I know. Ever since the bitmit closing down shop. The only best option is selling it for fiat, and using the fiat to buy bitcoins when the price is down. Alright, sounds like we need to make a Bitmit replacement. Hmmm, ideas are starting to form in my head ... |
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Another benefit: very small or very large purchases can be made with equally low hassle and fees. You can buy that magic sword in your online game for half a cent, or you can buy a Lamborghini without having to get a bank manager to clear the withdrawal and fill out a ream of paperwork.
I beg to disagree with your point of very small purchase. If u try to buy a magic sword in your online game with 2000 Satoshi, you probably need to pay 20,000 Satoshi as transaction fee. And then also it'll take week to confirm. So ultimately u'll defeat in the game because your enemy wont wait for a week to attack you. Moral of the story: For micro transactions Bitcoin costs more than the transaction value and it is not instant. This is actually a disadvantage. But for large transaction, I agree with what u have said. Okay, for extremely small payments the bitcoin network itself is perhaps not the best idea, but there are payments which are very small which would not trigger a fee. And you could use systems built on top of bitcoin to make micropayments, like when you have a webwallet that allows fee-free transactions to other users of the webwallet. But then we can get into an argument over whether that is actually using bitcoins. Whatever. |
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This information is probably somewhere in this forum already but I couldn't find it so I decided to ask:
Are there any publicly traded bitcoin related companies in US or somewhere else?
How about those bitcoin stocks? Are they all scams or are there some good ones? I know pretty much nothing about them, but they sound interesting.
Have you looked in the "securities" board on this forum? Take a look at mpex.co and havelockinvestments.com |
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I know there are lot of advantages for sellers to accept Bitcoin. But what are the advantages of a white color byer. I just wanted to list. I am starting off here. Its good, if u add up your points...
1. Buyer's card data is not coming to the seller. So no chance of theft from merchant's end.
2. Buyer's anonymity. (I dont think it is a strong point to convince an average buyer. A tax payer does not care about revealing his identity.)
3. Recurring payment protection. Merchant cant enforce a recurring payment using a small checkbox tick.
What is a "white color byer"? Obviously OP meant "white color buyer", which is to be contrasted with "black color buyer" who is somebody doing a black market transaction. For the black market bitcoins are great because of their anonymity, but for people who are not doing illegal things that does not matter as much. |
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overstock.com
with bitmit closed down, what is the best place to auction stuff for bitcoins?
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1. Buyer's card data is not coming to the seller. So no chance of theft from merchant's end.
This is a big one for me. How many millions of people were potentially affected by the Target credit card hack last November/December? With bitcoins, it does not matter how inept or dishonest the seller is, neither they nor anybody who breaks into their data will be able to make fraudulent susequent purchases using my information. Another benefit: very small or very large purchases can be made with equally low hassle and fees. You can buy that magic sword in your online game for half a cent, or you can buy a Lamborghini without having to get a bank manager to clear the withdrawal and fill out a ream of paperwork. |
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Maybe he is using an old version of the client which had higher fees?
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What, you don't think the solid red bold 36 pt font signatures look good? Advertisers are trying to catch they eye from orbit, not look nice!
These are slick looking ads. Very well done. I don't need anything like that, but if I did I would get you to design it.
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Bump.
It is so cold that dihydrogen monoxide is turning solid and falling from the sky as a flurry of white crystals, clogging roads and bringing traffic to a standstill!
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There is a simple solution to "democratize" mining;
adopt a PoW that takes at least a GB of memory to solve
(with no time-memory tradeoff) and that depends on latency rather than bandwidth.
That would put an end to specialized mining hardware.
How would that prevent specialized mining hardware? People would just make hardware with huge amounts of memory. |
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You're too new to be aware of most of the basic facts of the matter, such as the basic fact that MPEx was here before Asicminer, and is still here (showing gains, apparently?!) as Asicminer is vanishing into thin air (not least because of their own poor management skills). Somehow a steady decrease in dividends equates to showing gains? And being around a whole a year before asicminer makes you a much more mature company. Somehow paying out 5 times ipo in dividends counts as a failure? Its not exactly fair to compare mpex to a real company like asicminer just because you made a few thousand btc from gamblers the past year. Look at the prices of the shares: MPOE has consistently gone up, Asicminer went into a huge bubble and is almost down to its IPO price, losing about 90% off its high. In bitcoinland, lasting one year is significant. Asicminer was not a failure for people who bought at the IPO price, but what about people who bought when the price was above 5 btc per share? Which is a real company? Which one is run by an anonymous internet persona who sometimes deigns to communicate and which is run by a person who states their identity and signs it with a gpg signature to prove it and gives monthly financial reports signed by that same gpg signature? Which has a potential for growth in the future and which is withering away? |
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I think you guys are right, its already crashing hard. It will be over by tomorrow.  Looks like if the trend holds we should see negative prices on S.MPOE by the end of the week! |
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If the Feds are really going to be dumping all of the confiscated bitcoins from the silk road, then everyone should encourage them to do it on gox, because then the government will never get their money...LOL!!
While that would be funny, The fedgov already has a website which they use to auction of seized properties. That is where they will sell off the bitcoins. |
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I was a noob once and within 2 hours of learning about bitcoin I figured out that there were many exchanges, and the price difference between all of them. I even downloaded an app to keep track of them all for possible arbitrage opportunities. I cannot imagine that the people investing $100k+ are that stupid.
One of the first websites one should look at is bitcoincharts.com, and if you go there it is easy to see that the price at MtGox is way higher than anywhere else. If you want to buy bitcoins, wouldn't you start at one of the cheaper exchanges? Clearly MtGox is overcharging by about 20%. |
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How can a stock with 14,000btc in dividends (and likely to decrease due to increasing value of btc) be worth 1,000,000 btc or about 1/10th of all bitcoins.
Even if mpex became the default stock exchange with a shitload of stocks how can it reach a value of 1/10th all bitcoins?
You do realize that there can be things worth more than all bitcoins, right? |
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Okay, they get 125 for the P/E. That is still extremely high.
It's also based on a chart of incomes that shows long-term declines in income. Historic incomes are flattered by people making big bets when Bitcoin was cheap ie small USD volume. As BTC jumped 10x in recent months guess what volumes declined from hundreds per quarter to hundreds per month. I would still say it's not a 'scam' since no-one is pushing the shares, however anyone choosing to buy at these levels is paying a very high price IMHO. There are two types of companies with high P/E values: companies in bubbles or companies that have great potential for growth. If MPEx someday becomes the equivalent of the NYSE, then the current price might be a great bargain. If MPEx stays about what it is now, then eventually the share price will go down by a factor of 10 or more. With a good enough WOT rating you can short that motherfucker. I don't think anybody has rated my WOT account. And I would not want to short it right now, I think it will grow, and the current investors seem to be patient enough to keep waiting for it to get bigger. |
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Okay, they get 125 for the P/E. That is still extremely high.
It's also based on a chart of incomes that shows long-term declines in income. Historic incomes are flattered by people making big bets when Bitcoin was cheap ie small USD volume. As BTC jumped 10x in recent months guess what volumes declined from hundreds per quarter to hundreds per month. I would still say it's not a 'scam' since no-one is pushing the shares, however anyone choosing to buy at these levels is paying a very high price IMHO. There are two types of companies with high P/E values: companies in bubbles or companies that have great potential for growth. If MPEx someday becomes the equivalent of the NYSE, then the current price might be a great bargain. If MPEx stays about what it is now, then eventually the share price will go down by a factor of 10 or more. |
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