Largest Bitcoin loss to date.

[MPOE-PR]

The MPOE/MPEx March 2013 statement shows a 27,794.62815427 BTC nominal loss. At current USD/BTC rates that comes to a whopping 2.5 million dollars. Let that sink in for a minute.

This is probably more than whatever Bitcoin Savings & Trust lost (USD/BTC was ~7 at that time, so unless it was over 350,000 BTC or so...) .

This is certainly more than what Bitcoinica lost, independently through Zhou Tong's theft and jointly with the help of Amir Taaki and the rest of the Bitcoinica Consultancy "experts" in their own mind. Convert it all to fiat, add it all together, it doesn't get high enough to compete.

This is also more than pretty much all the other historical declared losses combined. You know all the countless endless cases of "our exchange got hacked"? How many so far? Well...convert them to fiat at the rate then prevailing, add them all together, it will come to less than MPOE's March loss.

Unlike the Pirate incident, unlike the Bitcoinica incidents, unlike each and every other "hack" and failure in Bitcoin history to date, S.MPOE is solvent, pays out normally, is requiring no "community support", is not "looking for options" and bla bla the future. Business as normal, when you trade 45 million notional you will occasionally show a few million in the red.

This, incidentally, is why CoinBlaBla isn't "bringing Wall Street to Bitcoin". Wall Street is already here, and has been, for a while.

Have a great day.

[empoweoqwj]

How can you lose money in this market?

Me smells a fish.

[MPOE-PR]

How can you lose money in this market?

Me smells a fish.

So wash.

[simonk83]

Ok.  Well done for being shitty at your job I guess.

[🏰 TradeFortress 🏰]

Ok.  Well done for being shitty at your job I guess.

MPOE bondholders made a loss while people who bought calls for BTCUSD profited.

Still ridiculous to brag about losing 27.8k btc.

[koin]

This is probably more than whatever Bitcoin Savings & Trust lost (USD/BTC was ~7 at that time, so unless it was over 350,000 BTC or so...) .

but the post-pirate ponzi collapse took a bigger bite out of each bondholder:

Loss per BTC : 0.48646087.

[wachtwoord]

Ok.  Well done for being shitty at your job I guess.

MPOE bondholders made a loss while people who bought calls for BTCUSD profited.

Still ridiculous to brag about losing 27.8k btc.

This. You want a medal?

[MPOE-PR]

Ok.  Well done for being shitty at your job I guess.

MPOE bondholders made a loss while people who bought calls for BTCUSD profited.

Still ridiculous to brag about losing 27.8k btc.

What else could you do with it?

It is good news for the community, in general. There's a proven, functioning backstop for BTC, and it's pretty huge.

This is probably more than whatever Bitcoin Savings & Trust lost (USD/BTC was ~7 at that time, so unless it was over 350,000 BTC or so...) .

but the post-pirate ponzi collapse took a bigger bite out of each bondholder:

Loss per BTC : 0.48646087.

Yup. On the strength of empirical evidence so far the conclusion would be "Insider trading empowered by general market irresponsibility" > "Crazy directionality in the market, 400% gains in 30 days".

[ciuciu]

The MPOE/MPEx March 2013 statement shows a 27,794.62815427 BTC nominal loss. At current USD/BTC rates that comes to a whopping 2.5 million dollars. Let that sink in for a minute.

This is probably more than whatever Bitcoin Savings & Trust lost (USD/BTC was ~7 at that time, so unless it was over 350,000 BTC or so...) .

This is certainly more than what Bitcoinica lost, independently through Zhou Tong's theft and jointly with the help of Amir Taaki and the rest of the Bitcoinica Consultancy "experts" in their own mind. Convert it all to fiat, add it all together, it doesn't get high enough to compete.

This is also more than pretty much all the other historical declared losses combined. You know all the countless endless cases of "our exchange got hacked"? How many so far? Well...convert them to fiat at the rate then prevailing, add them all together, it will come to less than MPOE's March loss.

Unlike the Pirate incident, unlike the Bitcoinica incidents, unlike each and every other "hack" and failure in Bitcoin history to date, S.MPOE is solvent, pays out normally, is requiring no "community support", is not "looking for options" and bla bla the future. Business as normal, when you trade 45 million notional you will occasionally show a few million in the red.

This, incidentally, is why CoinBlaBla isn't "bringing Wall Street to Bitcoin". Wall Street is already here, and has been, for a while.

Have a great day.

I'm sure that 90% of the loss is in his pocket now. The crazy guy is robbing you blind under the excuse of free market. Go on, you will lose your shirt soon.

[MPOE-PR]

This. You want a medal?

Yes, actually. Think more, you might figure out why there's exactly one BTC business deserving of a medal.

The MPOE/MPEx March 2013 statement shows a 27,794.62815427 BTC nominal loss. At current USD/BTC rates that comes to a whopping 2.5 million dollars. Let that sink in for a minute.

This is probably more than whatever Bitcoin Savings & Trust lost (USD/BTC was ~7 at that time, so unless it was over 350,000 BTC or so...) .

This is certainly more than what Bitcoinica lost, independently through Zhou Tong's theft and jointly with the help of Amir Taaki and the rest of the Bitcoinica Consultancy "experts" in their own mind. Convert it all to fiat, add it all together, it doesn't get high enough to compete.

This is also more than pretty much all the other historical declared losses combined. You know all the countless endless cases of "our exchange got hacked"? How many so far? Well...convert them to fiat at the rate then prevailing, add them all together, it will come to less than MPOE's March loss.

Unlike the Pirate incident, unlike the Bitcoinica incidents, unlike each and every other "hack" and failure in Bitcoin history to date, S.MPOE is solvent, pays out normally, is requiring no "community support", is not "looking for options" and bla bla the future. Business as normal, when you trade 45 million notional you will occasionally show a few million in the red.

This, incidentally, is why CoinBlaBla isn't "bringing Wall Street to Bitcoin". Wall Street is already here, and has been, for a while.

Have a great day.

I'm sure that 90% of the loss is in his pocket now. The crazy guy is robbing you blind under the excuse of free market. Go on, you will lose your shirt soon.

How cute, proven scammer following the script. Bugger off.

[ciuciu]

This. You want a medal?

Yes, actually. Think more, you might figure out why there's exactly one BTC business deserving of a medal.

The MPOE/MPEx March 2013 statement shows a 27,794.62815427 BTC nominal loss. At current USD/BTC rates that comes to a whopping 2.5 million dollars. Let that sink in for a minute.

This is probably more than whatever Bitcoin Savings & Trust lost (USD/BTC was ~7 at that time, so unless it was over 350,000 BTC or so...) .

This is certainly more than what Bitcoinica lost, independently through Zhou Tong's theft and jointly with the help of Amir Taaki and the rest of the Bitcoinica Consultancy "experts" in their own mind. Convert it all to fiat, add it all together, it doesn't get high enough to compete.

This is also more than pretty much all the other historical declared losses combined. You know all the countless endless cases of "our exchange got hacked"? How many so far? Well...convert them to fiat at the rate then prevailing, add them all together, it will come to less than MPOE's March loss.

Unlike the Pirate incident, unlike the Bitcoinica incidents, unlike each and every other "hack" and failure in Bitcoin history to date, S.MPOE is solvent, pays out normally, is requiring no "community support", is not "looking for options" and bla bla the future. Business as normal, when you trade 45 million notional you will occasionally show a few million in the red.

This, incidentally, is why CoinBlaBla isn't "bringing Wall Street to Bitcoin". Wall Street is already here, and has been, for a while.

Have a great day.

I'm sure that 90% of the loss is in his pocket now. The crazy guy is robbing you blind under the excuse of free market. Go on, you will lose your shirt soon.

How cute, proven scammer following the script. Bugger off.

You will say anything without any proof, you little piece of shit. Not proud of it, but I bought back almost all confirmed shareholders.

Now get back to selling guaranteed losing shares and stealing BTC, you crazy Wall Street wannabe.

[MPOE-PR]

This. You want a medal?

Yes, actually. Think more, you might figure out why there's exactly one BTC business deserving of a medal.

The MPOE/MPEx March 2013 statement shows a 27,794.62815427 BTC nominal loss. At current USD/BTC rates that comes to a whopping 2.5 million dollars. Let that sink in for a minute.

This is probably more than whatever Bitcoin Savings & Trust lost (USD/BTC was ~7 at that time, so unless it was over 350,000 BTC or so...) .

This is certainly more than what Bitcoinica lost, independently through Zhou Tong's theft and jointly with the help of Amir Taaki and the rest of the Bitcoinica Consultancy "experts" in their own mind. Convert it all to fiat, add it all together, it doesn't get high enough to compete.

This is also more than pretty much all the other historical declared losses combined. You know all the countless endless cases of "our exchange got hacked"? How many so far? Well...convert them to fiat at the rate then prevailing, add them all together, it will come to less than MPOE's March loss.

Unlike the Pirate incident, unlike the Bitcoinica incidents, unlike each and every other "hack" and failure in Bitcoin history to date, S.MPOE is solvent, pays out normally, is requiring no "community support", is not "looking for options" and bla bla the future. Business as normal, when you trade 45 million notional you will occasionally show a few million in the red.

This, incidentally, is why CoinBlaBla isn't "bringing Wall Street to Bitcoin". Wall Street is already here, and has been, for a while.

Have a great day.

I'm sure that 90% of the loss is in his pocket now. The crazy guy is robbing you blind under the excuse of free market. Go on, you will lose your shirt soon.

How cute, proven scammer following the script. Bugger off.

You will say anything without any proof, you little piece of shit. Not proud of it, but I bought back almost all confirmed shareholders.

Now get back to selling guaranteed losing shares and stealing BTC, you crazy Wall Street wannabe.

Except S.MPOE are pretty much the only shares in BTC history trading higher today than a year ago. And by higher I mean something like 50x or w/e. The only other example is S.DICE and perhaps ASICMINER. Out of the rest of what, 1,000 give or take "issues", including your own, everything is in distress, trading around 0% of issuance "value". Sucks huh.

[evoorhees]

Ok.  Well done for being shitty at your job I guess.

MPOE bondholders made a loss while people who bought calls for BTCUSD profited.

Still ridiculous to brag about losing 27.8k btc.

This. You want a medal?

I think the fact that MPOE lost that much money in a month and is solvent and paying all parties as contractually agreed is hugely relevant and hugely impressive.

Sorry for the month of losses, MPOE, but thank you for doing it properly. It deserves respect.

[wachtwoord]

Ok.  Well done for being shitty at your job I guess.

MPOE bondholders made a loss while people who bought calls for BTCUSD profited.

Still ridiculous to brag about losing 27.8k btc.

This. You want a medal?

I think the fact that MPOE lost that much money in a month and is solvent and paying all parties as contractually agreed is hugely relevant and hugely impressive.

Sorry for the month of losses, MPOE, but thank you for doing it properly. It deserves respect.

I am under the impression MPOE has moved the entire risk on the bonds to the bond holders with their auctioning system, shielding themselves (and equity holders) from any and all losses. If this is inaccurate I retract my statement.

[ciuciu]

This. You want a medal?

Yes, actually. Think more, you might figure out why there's exactly one BTC business deserving of a medal.

The MPOE/MPEx March 2013 statement shows a 27,794.62815427 BTC nominal loss. At current USD/BTC rates that comes to a whopping 2.5 million dollars. Let that sink in for a minute.

This is probably more than whatever Bitcoin Savings & Trust lost (USD/BTC was ~7 at that time, so unless it was over 350,000 BTC or so...) .

This is certainly more than what Bitcoinica lost, independently through Zhou Tong's theft and jointly with the help of Amir Taaki and the rest of the Bitcoinica Consultancy "experts" in their own mind. Convert it all to fiat, add it all together, it doesn't get high enough to compete.

This is also more than pretty much all the other historical declared losses combined. You know all the countless endless cases of "our exchange got hacked"? How many so far? Well...convert them to fiat at the rate then prevailing, add them all together, it will come to less than MPOE's March loss.

Unlike the Pirate incident, unlike the Bitcoinica incidents, unlike each and every other "hack" and failure in Bitcoin history to date, S.MPOE is solvent, pays out normally, is requiring no "community support", is not "looking for options" and bla bla the future. Business as normal, when you trade 45 million notional you will occasionally show a few million in the red.

This, incidentally, is why CoinBlaBla isn't "bringing Wall Street to Bitcoin". Wall Street is already here, and has been, for a while.

Have a great day.

I'm sure that 90% of the loss is in his pocket now. The crazy guy is robbing you blind under the excuse of free market. Go on, you will lose your shirt soon.

How cute, proven scammer following the script. Bugger off.

You will say anything without any proof, you little piece of shit. Not proud of it, but I bought back almost all confirmed shareholders.

Now get back to selling guaranteed losing shares and stealing BTC, you crazy Wall Street wannabe.

Except S.MPOE are pretty much the only shares in BTC history trading higher today than a year ago. And by higher I mean something like 50x or w/e. The only other example is S.DICE and perhaps ASICMINER. Out of the rest of what, 1,000 give or take "issues", including your own, everything is in distress, trading around 0% of issuance "value". Sucks huh.

Don't worry, the market will see the truth sooner or later. Look at the value of S.DICE.

[ciuciu]

Ok.  Well done for being shitty at your job I guess.

MPOE bondholders made a loss while people who bought calls for BTCUSD profited.

Still ridiculous to brag about losing 27.8k btc.

This. You want a medal?

I think the fact that MPOE lost that much money in a month and is solvent and paying all parties as contractually agreed is hugely relevant and hugely impressive.

Sorry for the month of losses, MPOE, but thank you for doing it properly. It deserves respect.

I am under the impression MPOE has moved the entire risk on the bonds to the bond holders with their auctioning system, shielding themselves (and equity holders) from any and all losses. If this is inaccurate I retract my statement.

This is exactly what he did. I can bet he is the biggest winner on the other side. Next 2 months there will be small winnings again followed by a bigger loss. Then rinse and repeat.

[Garr255]

I recall BS&T being just about BTC500k. (Although that's coming purely from memory and I wouldn't be able to cite a source )

[PsychoticBoy]

Now shit really hits the fan!



Look at the new trailer he bought. 

[Bugpowder]

Congrats to the MPEx team for providing such an incredible level of liquidity in the options market.  The MPOE bot provides such an important service to the bitcoin finance community.  I'm happy to see that despite the steep losses this month, all contracts were honored without even the whiff of a 'glitch', 'hiccup', or 'hack'.

[ciuciu]

Congrats to the MPEx team for providing such an incredible level of liquidity in the options market.  The MPOE bot provides such an important service to the bitcoin finance community.  I'm happy to see that despite the steep losses this month, all contracts were honored without even the whiff of a 'glitch', 'hiccup', or 'hack'.

Sure, take a seat near the carriage.