S.MG - The Ministry of Games.

[MPOE-PR]

Announcement (on Trilema), asset page (on MPEx).

If you are looking to invest (as a distinct endeavor from trying to find the next Internet HYIP and "get in at the ground floor") and understand the risks, this may be interesting to you.

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[bitcoinbear]

Neat. I will keep an eye on this.

[usagi]

Fiat style IPO. To date all MPEx IPOs consisted of sales by the owner, for a minimum price fixed by the owneriv. S.MG will be run as an actual IPO, which is to say at the time of closingv all bids meeting the specified par value will be accepted, and the number of shares sold will become the total shares.

In a Fiat style IPO, a bank or other large trading house fronts the company all of the shares and then sells them into the market, no?

[MPOE-PR]

Fiat style IPO. To date all MPEx IPOs consisted of sales by the owner, for a minimum price fixed by the owneriv. S.MG will be run as an actual IPO, which is to say at the time of closingv all bids meeting the specified par value will be accepted, and the number of shares sold will become the total shares.

In a Fiat style IPO, a bank or other large trading house fronts the company all of the shares and then sells them into the market, no?

That's not the distinction contemplated here, no.

[Sukrim]

"Game" can mean a lot - are there already some products in the pipepline that you can talk about?

[MPOE-PR]

"Game" can mean a lot - are there already some products in the pipepline that you can talk about?

Directly from MP:

When I IPO already existing businesses teh forum complains that it's unfair the owner of already existing businesses gets to be the owner of said already existing business, instead of simply gifting all the pre-existing value to whatever random oaf feels inclined to "invest" fiddy cents. When I IPO businesses-to-be teh forum wants to know if there exists the business already. No, it does not, that's why you get to participate in a variable-float IPO rather than a fixed float IPO.

He's being mean though, I don't see that in the question at all.

[Sukrim]

Hm, maybe a differently worded question: Which kind of games shall this business produce? Gambling aka. games of luck? Games based on skill? Feeding alpacas on your little farm with carrots that you bought for Bitcoins in a microtransaction and posting every fart of said animals on Facebook, Twitter, Google+, Diaspora, the hidden wiki and Bitmessage?

Games can reach from board games to the movie "Saw" or analyzing stock markets, so I would really like to see at least a bit more specifics, even if the business doesn't exist yet. I guess at least the idea for said business exists after all and I suspect/hope it is more concrete than "let's do something with games - first let's collect at least 1k BTC and then let's see what we do with it!"...

Just as a benchmark: Anyone raising more than 100k EUR in my country has to publish a prospectus (which is causing quite a few discussions atm. as businesses want to collect money without telling their investors what's going to happen with it) - your IPO is for ~1 million EUR and will even be considered failed if you "only" raise 100k EUR in BTC. Outlining the business plan and idea a bit more concretely is something that can be expected for these sums I guess.

[EskimoBob]

Amazing!

Looks like this narcissist Mircea Popescu's one stock wunder-bazaar is starting to collapse and all he can do now, is invent some bull shit "company" to steal more bitcoins from you all. LOL!

WTF is "Fiat style IPO"? Let me guess, you invented a "standard" LOL! (read: Hi did not understand how it's done in real life).

Truly amazing! LOL

It is hilarious how you bring your failed ROTA into the picture. Funny fact is, that the members of that failure of yours, did not dance after your tune as you expected, but kicked your ass when you attempted to steal 150? BTC from some poor guy who did not know, what a scumbag you actually are.

[ciuciu]

He is going back to his roots, porn. So we might see a happy ending here!

[bitcoinbear]

Amazing!

Looks like this narcissist Mircea Popescu's one stock wunder-bazaar is starting to collapse and all he can do now, is invent some bull shit "company" to steal more bitcoins from you all. LOL!

Why the personal hatred towards MP? The MPOE stock seems to be doing just fine, I don't know where you get the idea that his "bazaar" is starting to collapse?

[Omen1855]

At least it's a stock that is not at the meta-level of bitcoin. Seriously, we need more of these than just yet another mining bond or exchange.

Now if MP just wouldn't piss off developers on a regular basis I might invest

[MPOE-PR]

Hm, maybe a differently worded question: Which kind of games shall this business produce? Gambling aka. games of luck? Games based on skill? Feeding alpacas on your little farm with carrots that you bought for Bitcoins in a microtransaction and posting every fart of said animals on Facebook, Twitter, Google+, Diaspora, the hidden wiki and Bitmessage?

I'm not sure the distinction you propose makes any sense. Is WoW a game of luck or a game of skill by your definition? Sure, skill plays some part, in that if you can't play you can't play. Discipline also plays a part, in the sense that if you spend 10x as long farming you can more or less do what other, more skilled people do anyway. Finally, luck certainly plays a part, as in you get whatever rare drops on the first try, other skilled people spend a year farming for.

More importantly, why is it so important to establish conceptually what is or isn't a game? If people play it, that's all it takes (also known as the "I know it when I see it" legal standard).

Just as a benchmark: Anyone raising more than 100k EUR in my country has to publish a prospectus (which is causing quite a few discussions atm. as businesses want to collect money without telling their investors what's going to happen with it) - your IPO is for ~1 million EUR and will even be considered failed if you "only" raise 100k EUR in BTC.

There is absolutely no EUR involved in S.MG so all this is about as relevant as the weather.

Outlining the business plan and idea a bit more concretely is something that can be expected for these sums I guess.

From what I gather the thinking here is that nobody is ever convinced by more text. People go by the names involved, and possibly, sometimes, maybe, by a fifty word blurb. If that's not good enough then it's just not good enough; the asking for more text is basically an invitation to roleplay "Internet Businessmen, the MMO" on whatever forum. I don't think MP has any patience for that.

Why the personal hatred towards MP? The MPOE stock seems to be doing just fine, I don't know where you get the idea that his "bazaar" is starting to collapse?

That little bit of wishful thinking "idea" has been hot since the days zhoutong wasn't even a thing yet.

At least it's a stock that is not at the meta-level of bitcoin. Seriously, we need more of these than just yet another mining bond or exchange.

Now if MP just wouldn't piss off developers on a regular basis I might invest

For my curiosity, make a list of ten companies where management regularly pissed off developers versus ten companies where management regularly catered to developers and then compare their business results. I'll even contribute a starting name for each list: EA and 3D Realms (Apogee Software) respectively.

[nar9000]

"Because Bitcoin - at least the English speaking section thereof - consists principally (by headcount) of poor people who aim to turn whatever change they had left over from their latest McDonalds visit into a fortune of the future"

Maybe this is accurate considering some of the securities I see getting funded.

But no......

[ar9]

If MPOE-PR is involved in anything, I am staying the hell away.

I invest in people, not in ideas.

[MPOE-PR]

If MPOE-PR is involved in anything, I am staying the hell away.

I invest in people, not in ideas.

My involvement is basically posting here and trying to learn from them. Sorta just like you. I guess I'm the only "Bitcoin community" person in MPEx huh.

[ar9]

If MPOE-PR is involved in anything, I am staying the hell away.

I invest in people, not in ideas.

My involvement is basically posting here and trying to learn from them. Sorta just like you. I guess I'm the only "Bitcoin community" person in MPEx huh.

Thanks for clearing that up.

[freedomno1]

Well I kind of laughed at the name choice
But who am I to tell lol maybe its a pun on mtgox Magic the Gathering and it goes up like lightning
If they show us a product line might look at it
But would treat this as a game development and design startup company designed for bitcoin that funds people to create projects
Maybe expanding to an online arcade for bit games someday but that is an optimistic view until results appear

[stephwen]

From what I gather the thinking here is that nobody is ever convinced by more text. People go by the names involved, and possibly, sometimes, maybe, by a fifty word blurb. If that's not good enough then it's just not good enough; the asking for more text is basically an invitation to roleplay "Internet Businessmen, the MMO" on whatever forum. I don't think MP has any patience for that.

Isn't this just another way of saying that there is no business plan whatsoever?

I wouldn't mind investing based solely on the reputation of a CEO, when said CEO is someone like Elon Musk (obviously that's what happening with SCTY and TSLA atm), or even friedcat (if we want to keep it at bitcoin level), but I don't think MP has this kind of reputation or track record yet.
Perhaps if this venture does well on the middle to long run, and if he wants to start something else in a few years, the he could consider doing it this way, but right now, even the with the "relative" success of MPEX, it seems presumptuous.

[🏰 TradeFortress 🏰]

Is S.MG going to focus on a certain niche of games (beyond using Bitcoin)?

[MPOE-PR]

Is S.MG going to focus on a certain niche of games (beyond using Bitcoin)?

Not so far. In general specialization occurs as a result of competitive pressures. There being no competition, specialization doesn't make sense at this point.

Isn't this just another way of saying that there is no business plan whatsoever?

No. While I appreciate the stubborn display of "she couldn't possibly have meant to say we're not good enough", that's exactly what is being said: that there's no perceived benefit on MP's part of discussing the business plan here. You are cordially invited to open the eyes and ears and shut the mouth, basically. Take it as a learning experience, this is how things are done sort of thing.

I wouldn't mind investing based solely on the reputation of a CEO, when said CEO is someone like Elon Musk (obviously that's what happening with SCTY and TSLA atm), or even friedcat (if we want to keep it at bitcoin level), but I don't think MP has this kind of reputation or track record yet.

You may be entitled to your own opinions (maybe, if you prove you can form strings that aren't self contradictory), but you are certainly not entitled to your own facts.

Perhaps if this venture does well on the middle to long run, and if he wants to start something else in a few years, the he could consider doing it this way, but right now, even the with the "relative" success of MPEX, it seems presumptuous.

This misapprehension seems chiefly the result of you being new around here, and so your perspective is flattened on one end, the so called "more than 100 years ago" effect. There's nothing wrong with that: if you manage to survive in Bitcoin on the middle to long run your estimations of things will necessarily change to better align with reality.

Which reality has this unspeakable way of being "presumptuous".