Here's where I spew my accusations against MPOE. All are welcome.

[MPOE-PR]

But after all that porn, negative p/l statements what comes to actual, incorporated businesses, and paying people to post under fake accounts, what should I be trusting?

In the quaint words of the Virgin Mary, what are you on about?!

I know big boys are entering the bitcoin arena now, and no matter whether these suspicions of mine prove out to be correct or not, I do not see much chance for S.MPOE to beat BTC in the years coming. (BTC should be doing great.)

Judging by your record that'd pretty strong signal to the contrary.

[1713981756]

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[aussie_striker]

My dealings with MPOE-PR (user) are the same. It seems they are only here to insult people and stir up trouble. I am yet to see them have a well thought out comment that adds value to a conversation.

[rpietila]

Okay, I am undecided now 

Mircea posts some intelligent thoughts in the blog, and I kind of admire him/her? for doing things that others haven't been doing. But after all that porn, negative p/l statements what comes to actual, incorporated businesses, and paying people to post under fake accounts, what should I be trusting? (Also s/he has not commented on my idea, how to structure a bitcoin company, I put it there to probe his/her IQ, and so far I am dissatisfied with no answer, other than one-liners calling me "a nobody with nothing", despite powerful evidence to the contrary.)

If there is anyone who actually owns the shares in S.MPOE, how about showing up to give the thing some credit? I think it would be good for the prospects of your shares. I have considered shorting it in a serious way, which would destroy your value.

There is a realistic possibility to me, that S.MPOE is in fact not owned by many actual individuals, rather than by few with multiple forum and bitcoin accounts. So please, consider my offer and be forewarned. I am just a messenger.

I know big boys are entering the bitcoin arena now, and no matter whether these suspicions of mine prove out to be correct or not, I do not see much chance for S.MPOE to beat BTC in the years coming. (BTC should be doing great.)

Thank you all, I have reached my conclusions:

- MP is probably suffering from NPD. This is sad, but from my previous experiences with people, I have learnt that there is not much an outsider can do about it. It is a -EV game trying to interact with such people.
- There is no reason for me to believe that MPOE-PR is a woman, or even a person other than MP.
- MPEx, like most bitcoin businesses, has a high expected failure rate. The scenario analysis gives PV of far less than the current price, which does not warrant investing.
- There is no evidence of MP having legit business before Bitcoin, so tread carefully with him. Like I told before, the powers entering Bitcoin now, are more likely to interact with their peers, and with all probability, the bitcoin-otc trust network will diminish in importance once Bitcoin hits mainstream. It has not been able to detect fraud before it happens, and even after, it does not effectively punish it. (Not saying that MPEx has much trust even there to begin with.)

Disclaimer: the fact that MPEx share price is falling -5% per day in its own exchange is not my fault. I did not short it, nor probably will. I try to operate in liquid markets only, that is why I am late to the bitcoin party. None of what I say is explicit reference to MPEx scamming me or anyone.

Was about to write about the deduction process, but unless you ask for it, I will save my and your time. Most people have ignored him already. I am slow to reach conclusions, and always hope the best from the people, so I am a complete opposite of him in this regard, and I have been scammed many times because of my naivety. I believe I am better off by joining the crowd and ignore.

Done.

[kakobrekla]

...

Not trying to be an ass here, but funny, looking at the big picture, its you, who is having the trust problem of holding a few BTC for your upcoming service.

[MPOE-PR]

My dealings with MPOE-PR (user) are the same. It seems they are only here to insult people and stir up trouble. I am yet to see them have a well thought out comment that adds value to a conversation.

No, you're just a butthurt wannabe scammer that failed and can't read. Get lost.

- MP is probably suffering from NPD.

So not only a financier-in-your-own-mind, but also a psychologist/psychiatrist-in-your-own-mind. Read this. Five times.

from my previous experiences with people, I have learnt that there is not much an outsider can do about it. It is a -EV game trying to interact with such people.

Your feeble attempts to interact with MP as if you were better than him will certainly end in tears. Yours.

[heidula]

just press the orange "ignore" button below MPOE-PR's avatar. it is already orange. trust me it is much better experience afterwards.

[MPOE-PR]

just press the orange "ignore" button below MPOE-PR's avatar. it is already orange. trust me it is much better experience afterwards.

And suddenly Minor Miner's theory gets a little meat on its bones.

Which butthurt scammer's sockpuppet are you?

[FCTaiChi]

Just a tip, and I know your situation is a bit different out on the frontier of the internet, but generally when accusations are made or there is a problem with a company it is the job of the PR person to smooth things out.  

https://bitcointalk.org/index.php?topic=186043.0

Here someone accuses the company of blatant racism and you call them a 'shill' and 'scammor' with no evidence, then argue discrimination is a figment of someone's imagination.

So now we're back to the topic of you making recommendations to me, while overlooking the fact that I'm by far the only pro PR on this forum and you have no credentials. Where do you get off, exactly?

 

[rikur]

It is very likely that Polimedia SRL (Romanian limited liability) is breaking at bare minimum the Romanian law in three ways, there might be more and some international ones too. First there's gambling without a license (bitbet.us):

Gambling License Romania
The authorization/organization of the activity of gambling in Romania is governed by State monopoly.

The State can grant the right of setting up the activity of games of chance according to the law, on the basis of a license, for the organization of each type of games of chance. The games of chance are classified as follows:

• Games of chance whose winning conditions are dependent upon random elements, with the use of gambling machines which are operated manually, mechanically, electrically, electronically, video automatically or in other similar ways. In order to play and win these games, they require the player’s ability or dexterity, light hand and also the chance, the hazard (the type of Atlantic pusher, Niagara);
• Casino games of chance
• Bingo, Keno type of games of chance, which take place in special game rooms;
• Sports Bets, Lotteries and Raffles , along with television Bingo and Keno;
• Contest-Games, with any type of wins, organized through telephone lines or any other means of telecommunication.

http://www.rolegal.com/romania-gambling-license.html

Secondly there's stocks/options/futures trading without a license (mpex.co):

All securities trading in Romania is carried out by brokerage companies called Financial Investment Services Companies (FISC) licensed by the NSC and established according to law 297/2004.

The law itself AFAIK is only available in Romanian.

Thirdly they are not following the limitations imposed on limited liability companies in Romania (polimedia/mpex.co):

Limited Liability Companies are not permitted to:

 - Undertake banking or insurance activities or any other activity that might suggest an association with same, without a licence.
 - Undertake investment business other than the investment of the company's own assets without a licence.
 - Neither solicits funds from the public nor offer their shares or membership to the public without a licence.

http://www.ocra.com/jurisdictions/romanian-limited-liability.asp

I got introduced to all these facts after BitBet.us scammed me some ~20 Bitcoins in winnings regarding a bet about BFL delivery. More information here:

https://bitcointalk.org/index.php?topic=192122.0

I think the Bitcoin community could do without shady business like polimedia/mpex/bitbet/others we don't know about yet. If you think the same, spread the word. Other actions you can take is to contact nic.us and nic.co and let them know that their TLD domains are being used for possibly illegal activities. The .us domain names are also meant for entities residing in the US, so just mentioning this might be enough to bring the domains down. I already emailed the domain registrars, but more messages should not hurt.

Mircea Popescu, you truly are the best customer rep in the world http://polimedia.us/trilema/2013/i-am-the-best-customer-rep-in-the-world/

[rikur]

Having said all that, I repeat my previous recommendation:

If I had shares held in MPEX, I'd cash out now before this scammer runs with your money.

[rikur]

MPEX is not the only service where they outright confiscate peoples BTC. 50% of BitBet.us dividends came from confiscated customer Bitcoins:

Revenue : 52.41062758 BTC, of which :

bets resolved : 18.89598891 BTCii
advertising : 3 BTC
house bets won : 4.70571706 BTCiii
gracious donations to shareholders : 25.80892161 BTC

http://polimedia.us/trilema/2013/bitbet-april-2013-statement/

So what are "gracious donations to shareholders"? They are bets that are placed when the a bet was still open, but get's closed before your bet TX is confirmed by miners. So say you are about to bet 10 BTC on "Yes" for "North Korea will launch more missiles during May". If North Korea launches the missiles while you're sending the TX for the bet, BitBet.us will just keep the Bitcoins and not return them.

[rikur]

I just noticed the house bets.. So they are betting with their shareholders money on bets that they will resolve later themselves.. No wonder they break their own policies when placing/resolving bets.

[MPOE-PR]

Harrr that MPOE-PR really sucks! Rabble!

[Atruk]

MPEX is not the only service where they outright confiscate peoples BTC. 50% of BitBet.us dividends came from confiscated customer Bitcoins:

Revenue : 52.41062758 BTC, of which :

bets resolved : 18.89598891 BTCii
advertising : 3 BTC
house bets won : 4.70571706 BTCiii
gracious donations to shareholders : 25.80892161 BTC

http://polimedia.us/trilema/2013/bitbet-april-2013-statement/

So what are "gracious donations to shareholders"? They are bets that are placed when the a bet was still open, but get's closed before your bet TX is confirmed by miners. So say you are about to bet 10 BTC on "Yes" for "North Korea will launch more missiles during May". If North Korea launches the missiles while you're sending the TX for the bet, BitBet.us will just keep the Bitcoins and not return them.

Send with a decent transaction fee.

[repentance]

I think the Bitcoin community could do without shady business like polimedia/mpex/bitbet/others we don't know about yet. If you think the same, spread the word. Other actions you can take is to contact nic.us and nic.co and let them know that their TLD domains are being used for possibly illegal activities. The .us domain names are also meant for entities residing in the US, so just mentioning this might be enough to bring the domains down. I already emailed the domain registrars, but more messages should not hurt.

You realise that every "exchange" in the Bitcoin world which is allowing the trading of securities/commodities is likely breaking a ton of laws in a number of jurisdictions.  The Securities sub-forum alone would keep regulators busy for a long time.   Just be aware that once regulators start looking into these kinds of services, the ones you like and support are just as likely to get caught in the net as the ones you don't like.

[MPOE-PR]

So what are "gracious donations to shareholders"? They are bets that are placed when the a bet was still open, but get's closed before your bet TX is confirmed by miners. So say you are about to bet 10 BTC on "Yes" for "North Korea will launch more missiles during May". If North Korea launches the missiles while you're sending the TX for the bet, BitBet.us will just keep the Bitcoins and not return them.

In other words they're bets made by people after the event, trying to suck some money out of the "poor suckers" who bet before them. Herp derp, so sad that they end up short.

[ktttn]

Ignored since day one.

[🏰 TradeFortress 🏰]

So what are "gracious donations to shareholders"? They are bets that are placed when the a bet was still open, but get's closed before your bet TX is confirmed by miners. So say you are about to bet 10 BTC on "Yes" for "North Korea will launch more missiles during May". If North Korea launches the missiles while you're sending the TX for the bet, BitBet.us will just keep the Bitcoins and not return them.

In other words they're bets made by people after the event, trying to suck some money out of the "poor suckers" who bet before them. Herp derp, so sad that they end up short.

There has being times where bitcoin-qt fucks up and sends it with an improper fee, so it pretty much never gets confirmed.

Also, you mean if the bet is resolved when your TX isn't confirmed yet, right?

[MPOE-PR]

There has being times where bitcoin-qt fucks up and sends it with an improper fee, so it pretty much never gets confirmed.

Also, you mean if the bet is resolved when your TX isn't confirmed yet, right?

Yes.

The thing is, the way BitBet is set up once a bet is marked to close early this doesn't become effective until the blockchain watcher has seen one new block. It's not immediate.

Obviously qt might malfunction. The solution there is to use better Bitcoin clients.

[rikur]

There has being times where bitcoin-qt fucks up and sends it with an improper fee, so it pretty much never gets confirmed.

Also, you mean if the bet is resolved when your TX isn't confirmed yet, right?

Yes.

The thing is, the way BitBet is set up once a bet is marked to close early this doesn't become effective until the blockchain watcher has seen one new block. It's not immediate.

Obviously qt might malfunction. The solution there is to use better Bitcoin clients.

Thanks for clearing that up