Bitcoin Forum
September 21, 2017, 02:26:14 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 [All]
  Print  
Author Topic: [Mpex.co] The Scientology of Bitcoin Finance?  (Read 26426 times)
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 28, 2013, 10:29:27 AM
 #1

So after roughly a year of bitcoining I have come to the conclusion that mpex.co or Mircea Popescu Exchange (Formerly Mircea popescu options emporium?) does literally nothing but move bitcoins from one wallet to the next and in most cases ending up in Mircea Popescu's wallet.

30 Bitcoin Registration Fee and you get the choice of an failed video game company, bitbet.us (not sure why they need funding with all the fees), and MPOE itself whose profits consist mostly of those 30 bitcoin registration fees.

Normally "investing" is when you give capital to someone who needs it to create something of value. I don't see any value coming out of mpex.co whatsoever. Their biggest success story is a gambling website (again not really creating value, just taking btc from one person and giving it the next.)

One last thing that does not really prove that mpex.co is a scam but I cant be the only one to notice that Mircea Popescu speaks like a sci-fi super-villain.

I would love for someone to explain to me how mpex.co is not a scam bit I simply cannot understand.

In the end it looks like Mircea Popescu is walking away with 30,000 btc (according to some richest bitcoiners thread)

Has anyone else besides him made a profit from the site?
1506003974
Hero Member
*
Offline Offline

Posts: 1506003974

View Profile Personal Message (Offline)

Ignore
1506003974
Reply with quote  #2

1506003974
Report to moderator
1506003974
Hero Member
*
Offline Offline

Posts: 1506003974

View Profile Personal Message (Offline)

Ignore
1506003974
Reply with quote  #2

1506003974
Report to moderator
Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1506003974
Hero Member
*
Offline Offline

Posts: 1506003974

View Profile Personal Message (Offline)

Ignore
1506003974
Reply with quote  #2

1506003974
Report to moderator
1506003974
Hero Member
*
Offline Offline

Posts: 1506003974

View Profile Personal Message (Offline)

Ignore
1506003974
Reply with quote  #2

1506003974
Report to moderator
1506003974
Hero Member
*
Offline Offline

Posts: 1506003974

View Profile Personal Message (Offline)

Ignore
1506003974
Reply with quote  #2

1506003974
Report to moderator
bryant.coleman
Legendary
*
Offline Offline

Activity: 1554



View Profile
November 28, 2013, 10:59:57 AM
 #2

With Bitcoin breaking the $1,000 barrier, it is extremely risky to invest in these crypto-stocks anymore. I have learnt my lesson after I lost half of all my bitcoins in BTC-TRADING-PT.  You never know when these exchanges will shut down. Better not to invest in them.

                               
           ░▓█████████████████▓░
          ▒▓██▓▓▓▓▓▓▓▓▓▓▒▓▒▒▒██▓▒░
      ░▒▓███▓                 ▒██▓▓▒░░    ░
▓▒███████▓▒        ░▒▒▒▒▒▒▒░    ░▓▓▓██▓▓▓▒▓
▒░██▒░░         ▒▓▓▓▓▒▒▒▒▓▓██▓▒     ░ ▒▓▓░▓
░▒▓█▒         ▒█▓▓▒▒▒▒▒▒▒▓▓▓████▓▓▒   ▒█▓▒▒
 ▒░██        ██▒▒▒▒▒▒▒▒▒▒▒▒▒░▒▒░██▒   ██▒▒
 ▓░▓█▒      ██▒▒▒▒▒▒░▒░░▒▒▒░░▒▓██▓   ▒██░▒
 ░▓░█▓     ▓█▓▒░▒▒▒▒▒▒▒░░░▒▒▓▓▓▓▓▒   ██░▓░
  ▓▒▒█▓  ▓▒█▓▒▒▓▓▒░▒░░░▒▒▒▒▒▒▒▒ █▒  ██▓░▓
   █░▒█▓ ▓███▓▒▒░░▒▒▒▒▒▒▒▒▒▒▒░ ▓█  ██▓ ▓
    █░▓█▓ ░██▓███▓▓▒▒▒▒▒▒▒░▒▒▓██  ██▓░▓
    ░█░▒██  ░ ░▓███████▓██████▒  ██▒░▓
      █▒░██▓      ░▒▒▓▓▓▓▒▒░   ▓██░▒▓
       ▓▓░▒██▒               ▒██▓░▓▓
        ░█▓░▓██▒           ▒██▓░▓█░
          ▒█▓░▓██▓       ▓██▓▒▓█▒
            ▒█▓▒▒███░ ▒███▒▒▓█▒
              ▒██▓▒▓███▓▒▒██▒
                ░▓██▒▒▒███░
                   ▒███▒














MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 28, 2013, 11:03:11 AM
 #3

More like 700k.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 28, 2013, 11:07:30 AM
 #4


ok you have 700k btc or roughly 700 milllion usd invested in your company.

What the fuck do you even do?? Seriously how can you justify nearly a billion usd company evaluation when you literally have no value.

To clarify look at asicminer. They make asic hardware and mine bitcoins. What do you do?
thecoinjournal
Hero Member
*****
Offline Offline

Activity: 490



View Profile WWW
November 28, 2013, 11:10:27 AM
 #5

And it made it even without any basic css work, amazing.

thecoinjournal
Hero Member
*****
Offline Offline

Activity: 490



View Profile WWW
November 28, 2013, 11:12:16 AM
 #6


ok you have 700k btc or roughly 700 milllion usd invested in your company.

What the fuck do you even do?? Seriously how can you justify nearly a billion usd company evaluation when you literally have no value.

To clarify look at asicminer. They make asic hardware and mine bitcoins. What do you do?

What I learned from investing in the bitcoin world is that you don't need to do anything but sit tight on your coins.

MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 28, 2013, 11:13:08 AM
 #7


ok you have 700k btc or roughly 700 milllion usd invested in your company.

What the fuck do you even do?? Seriously how can you justify nearly a billion usd company evaluation when you literally have no value.

To clarify look at asicminer. They make asic hardware and mine bitcoins. What do you do?

MP is and has been the only major thing happening in BTC. See here, for instance.

MP says what's what and who's who. That's what he does.

What I learned from investing in the bitcoin world is that you don't need to do anything but sit tight on your coins.

This is correct, look at the S.MG reports for instance.

And for that matter: MPEx paid ~85k BTC dividends over ~850k mkt cap in fiscal year 2012 (May to May).

Meanwhile Asicminer, since you happened to use that example, paid about 50% more, for a significantly lower valuation. This is what you get for having poor management instead of MP.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 28, 2013, 11:15:08 AM
 #8


ok you have 700k btc or roughly 700 milllion usd invested in your company.

What the fuck do you even do?? Seriously how can you justify nearly a billion usd company evaluation when you literally have no value.

To clarify look at asicminer. They make asic hardware and mine bitcoins. What do you do?

MP is and has been the only major thing happening in BTC. See here, for instance.

MP says what's what and who's who. That's what he does.

Ok so it is your blog that is worth nearly 1 billion USD? I noticed you charge an incredible 0.01 btc for unlimited reading access is this your only source of revenue?
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 28, 2013, 11:17:22 AM
 #9

This is correct, look at the S.MG reports for instance.

And for that matter: MPEx paid ~85k BTC dividends over ~850k mkt cap in fiscal year 2012 (May to May).

I would love to know what the "ministry of games" does if you could provide a link that is from any source other than your own.

As for the ~85k BTC dividends, Impressive but where did that come from?
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 28, 2013, 11:18:26 AM
 #10

And it made it even without any basic css work, amazing.

This is the best part. With a 1 billion USD website you would think that they could hire a css web designer for a week or even a day costing ~1btc at the most.
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 28, 2013, 11:20:09 AM
 #11

Ok so it is your blog that is worth nearly 1 billion USD? I noticed you charge an incredible 0.01 btc for unlimited reading access is this your only source of revenue?

Listen, you can go say the same thing on the yahoo finance boards associated with JPM, "oh, so is the JPM blog the source of revenue??!!?!?!?"

There's no requirement for you to understand what's going on, or agree with it, or sign off on it. This is why you're irrelevant, that's the definition of the term.

Reality just is what it is, whether palatable or not, acceptable or not. You may submit to it, go do your reading, learn what's what and change to match, or else enjoy insanity, play on forums and reddit all day and so on.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 28, 2013, 11:22:00 AM
 #12

Ok so it is your blog that is worth nearly 1 billion USD? I noticed you charge an incredible 0.01 btc for unlimited reading access is this your only source of revenue?

Listen, you can go say the same thing on the yahoo finance boards associated with JPM, "oh, so is the JPM blog the source of revenue??!!?!?!?"

There's no requirement for you to understand what's going on, or agree with it, or sign off on it. This is why you're irrelevant, that's the definition of the term.

Reality just is what it is, whether palatable or not, acceptable or not. You may submit to it, go do your reading, learn what's what and change to match, or else enjoy insanity, play on forums and reddit all day and so on.

JPMorgan Chase & Co. is an American multinational banking and financial services holding company, and the largest bank in the United States by assets

If you think JPmorgan consists of only a blog, you might be the one out of touch with reality. JP Morgan owns more shit than any bitcoiner can dream of and it is because of over a hundred years of dominating market after market.

So what exactly do you do? Are you a bank?

You keep telling me I don't understand what you do and you are right. I don't think anybody understands what you do and we want to know.
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 28, 2013, 11:28:17 AM
 #13

JPMorgan Chase & Co. is an American multinational banking and financial services holding company, and the largest bank in the United States by assets

If you think JPmorgan consists of only a blog, you might be the one out of touch with reality. JP Morgan owns more shit than any bitcoiner can dream of and it is because of over a hundred years of dominating market after market.

So what exactly do you do? Are you a bank?

You keep telling me I don't understand what you do and you are right. I don't think anybody understands what you do and we want to know.

MPEx is the largest Bitcoin financials entity, by a very large margin. JPM is 1-2% of the fiat market, MPEx is somewhere way up over two thirds of the Bitcoin space.

Which is why MPEx is valued at about 5% of all Bitcoin and JPM at about 0.0x% of all fiat.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 28, 2013, 11:48:44 AM
 #14

JPMorgan Chase & Co. is an American multinational banking and financial services holding company, and the largest bank in the United States by assets

If you think JPmorgan consists of only a blog, you might be the one out of touch with reality. JP Morgan owns more shit than any bitcoiner can dream of and it is because of over a hundred years of dominating market after market.

So what exactly do you do? Are you a bank?

You keep telling me I don't understand what you do and you are right. I don't think anybody understands what you do and we want to know.

MPEx is the largest Bitcoin financials entity, by a very large margin. JPM is 1-2% of the fiat market, MPEx is somewhere way up over two thirds of the Bitcoin space.

Which is why MPEx is valued at about 5% of all Bitcoin and JPM at about 0.0x% of all fiat.

Do you hold 5% of all bitcoins? JPM has a massive amount of money and a massive amount of revenue streams. How much bitcoins does MPEx hold and what sources of revenue are adding to that?
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 28, 2013, 02:08:45 PM
 #15

Do you hold 5% of all bitcoins? JPM has a massive amount of money and a massive amount of revenue streams. How much bitcoins does MPEx hold and what sources of revenue are adding to that?

Figure it out, sparky.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
velacreations
Sr. Member
****
Offline Offline

Activity: 476


View Profile
November 28, 2013, 03:55:07 PM
 #16

MPEx is the largest Bitcoin financials entity, by a very large margin.
Bullshit.

Kosmatos
Member
**
Offline Offline

Activity: 101


View Profile
November 28, 2013, 04:06:20 PM
 #17

Have you seen the MPEX web site? Case closed. User ignored.
superduh
Hero Member
*****
Offline Offline

Activity: 602


View Profile
November 28, 2013, 05:28:25 PM
 #18

go to mpex, pay mpex 30 bitcoins, profit?

ok
Bitcycle
Sr. Member
****
Offline Offline

Activity: 420


View Profile
November 28, 2013, 05:51:00 PM
 #19

JPMorgan Chase & Co. is an American multinational banking and financial services holding company, and the largest bank in the United States by assets

If you think JPmorgan consists of only a blog, you might be the one out of touch with reality. JP Morgan owns more shit than any bitcoiner can dream of and it is because of over a hundred years of dominating market after market.

So what exactly do you do? Are you a bank?

You keep telling me I don't understand what you do and you are right. I don't think anybody understands what you do and we want to know.

MPEx is the largest Bitcoin financials entity, by a very large margin. JPM is 1-2% of the fiat market, MPEx is somewhere way up over two thirds of the Bitcoin space.

Which is why MPEx is valued at about 5% of all Bitcoin and JPM at about 0.0x% of all fiat.


LOL.  You're a comic genius.
thestringpuller
Newbie
*
Offline Offline

Activity: 24


View Profile
November 28, 2013, 05:57:04 PM
 #20

Quote
I would love for someone to explain to me how mpex.co is not a scam bit I simply cannot understand.

Isn't MPEX the only place you can reliable underwrite and buy options against the USD value of BTC?

I would say this is value enough, given April 2013 would likely have been a lot worse had MPEx not existed.

The shareholder report for March: http://trilema.com/2013/mpoe-march-2013-statement/ kinda shows that.

Additionally, those who bought MPEx accounts in 2012, and as well bought S.MPOE before the 2nd batch of the IPO are likely all millionaires (in USD terms) at this point.

So to be honest, I really don't see how it is a scam. Perhaps the other businesses in their infancy seem a tad questionable, but MPOE-bot I think has proven itself as a valuable asset to the Bitcoin world as a whole.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 28, 2013, 06:04:49 PM
 #21

Quote
I would love for someone to explain to me how mpex.co is not a scam bit I simply cannot understand.

Isn't MPEX the only place you can reliable underwrite and buy options against the USD value of BTC?

I would say this is value enough, given April 2013 would likely have been a lot worse had MPEx not existed.

The shareholder report for March: http://trilema.com/2013/mpoe-march-2013-statement/ kinda shows that.

Additionally, those who bought MPEx accounts in 2012, and as well bought S.MPOE before the 2nd batch of the IPO are likely all millionaires (in USD terms) at this point.

So to be honest, I really don't see how it is a scam. Perhaps the other businesses in their infancy seem a tad questionable, but MPOE-bot I think has proven itself as a valuable asset to the Bitcoin world as a whole.

What.. So options and the MPOE bot bring in enough revenue to justify nearly 1 billion dollars?

Again what do they do? Options are a fancy way of gambling but really no value is created so how exactly did this help bitcoin in april?

Also anyone holding large amounts of bitcoins during the time of mpex ipo would be a millionaire now in terms of usd but that is entirely because bitcoin has created huge value over the dollar not mpex.
davout
Legendary
*
Offline Offline

Activity: 1372


1davout


View Profile WWW
November 28, 2013, 06:11:58 PM
 #22

What.. So options and the MPOE bot bring in enough revenue to justify nearly 1 billion dollars?

Again what do they do? Options are a fancy way of gambling but really no value is created so how exactly did this help bitcoin in april?

Also anyone holding large amounts of bitcoins during the time of mpex ipo would be a millionaire now in terms of usd but that is entirely because bitcoin has created huge value over the dollar not mpex.

Your avatar suits you well.

thestringpuller
Newbie
*
Offline Offline

Activity: 24


View Profile
November 28, 2013, 06:13:51 PM
 #23

Quote
So options and the MPOE bot bring in enough revenue to justify nearly 1 billion dollars?

Wasn't Facebook valued at $85 billion while bringing in less than a 1% of that in revenue in 2011?

I don't see the issue here to be honest.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 28, 2013, 06:22:33 PM
 #24

Quote
So options and the MPOE bot bring in enough revenue to justify nearly 1 billion dollars?

Wasn't Facebook valued at $85 billion while bringing in less than a 1% of that in revenue in 2011?

I don't see the issue here to be honest.

Not sure how Facebook is comparable to mpex.co.  Facebook has ad revenue and has established itself as a useful social media tool with potential to make bitchloads of revenue with the amount of users it has.

Does an options robot really justify the value of mpex.co?

I don't disagree that mpex.co made a few people very rich. But it still looks like all that happens on that site is taking btc from one unfortunate hand and giving it to the next (Probably ending up in mircea or other ipo shareholders pockets).
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 28, 2013, 06:43:46 PM
 #25

Have you seen the MPEX web site? Case closed. User ignored.

I bought "tons" of shares at .5 and even .6 and have been watching Virtex closely. Bought some more today at .1.

Well done brave Sir Lolcow. This is the story of your loss.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 28, 2013, 06:46:13 PM
 #26

Also anyone holding large amounts of bitcoins during the time of mpex ipo would be a millionaire now in terms of usd but that is entirely because bitcoin has created huge value over the dollar not mpex.

No, actually, shares sold originally for 2k satoshi. Some of those people sold recently in the 70-80k satoshi range. That's a 40x increase, which actually outperformed BTC for most of the interval.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
crumbs
Full Member
***
Offline Offline

Activity: 210



View Profile
November 28, 2013, 07:15:09 PM
 #27

...
Normally "investing" is when you give capital to someone who needs it to create something of value. I don't see any value coming out of mpex.co whatsoever. ...

...
ok you have 700k btc or roughly 700 milllion usd invested in your company.

What the fuck do you even do?? Seriously how can you justify nearly a billion usd company evaluation when you literally have no value.
...

Lol, coming from a guy white knighting Havelock -- a company trying to pass off its ludicrous failed "IPO" as a "gift to [its] loyal supporters."

jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 28, 2013, 09:28:16 PM
 #28

Also anyone holding large amounts of bitcoins during the time of mpex ipo would be a millionaire now in terms of usd but that is entirely because bitcoin has created huge value over the dollar not mpex.

No, actually, shares sold originally for 2k satoshi. Some of those people sold recently in the 70-80k satoshi range. That's a 40x increase, which actually outperformed BTC for most of the interval.

Again I am impressed with the profits you seem to have made I just have no idea where this money comes from. What do you do to create value?
thestringpuller
Newbie
*
Offline Offline

Activity: 24


View Profile
November 28, 2013, 10:17:56 PM
 #29

Quote
Again I am impressed with the profits you seem to have made I just have no idea where this money comes from. What do you do to create value?

Wow. I'm sorry MPOE-PR, you must have quite the patience to deal with this all day.
kingcrimson
Legendary
*
Offline Offline

Activity: 1023


View Profile
November 28, 2013, 10:22:13 PM
 #30

Volume of Mpex's non-Mpex stocks in the last month: 110 BTC

I'm still laughing that he values his worth as 5 % of all bitcoins in existence.

This can't be real.
dexX7
Legendary
*
Offline Offline

Activity: 1036



View Profile WWW
November 28, 2013, 11:34:48 PM
 #31

Again what do they do? Options are a fancy way of gambling but really no value is created ...

A lot of financial related stuff creates the impression of being without any value for some.

The sad truth is that a lot of PR's statements have some valid point to some distinct.* That an exchange with four stocks, which are trading on lowish volume, all involving the creator (probably a good thing in this case) and some option trading, has such a high valuation seems to tell a lot of Bitcoin world. But this is probably just half of the truth: MPEx is rock solid, innovative (GPG order system!) and seemingly profitable for investors. MPEx' alleged irrelevance is also not the only reason why it survived three other exchanges and is probably here to stay for a long time.

http://trilema.com/category/mpex/ provides some further insight. Here is a good example, that it's more than a shitty website from the 90s.

*Especially sad, because many have a (sometimes eye-opening) "cold, hard reality" character. Wink

jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 29, 2013, 12:09:09 AM
 #32

Quote
Again I am impressed with the profits you seem to have made I just have no idea where this money comes from. What do you do to create value?

Wow. I'm sorry MPOE-PR, you must have quite the patience to deal with this all day.

I must say that mpoe pr is probably the most active bitcoin pr person I have seen. But sadly I think this is because mpoe/mpex profits are directly tied to the amount of unfortunate noobs who pay 30btc to register and fail with options.

I honestly don't think mpoe has a problem dealing with questions lime mine as all he does all day is advertise his website/blog on other somewhat related threads.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 29, 2013, 12:26:07 AM
 #33

Again what do they do? Options are a fancy way of gambling but really no value is created ...

A lot of financial related stuff creates the impression of being without any value for some.

The sad truth is that a lot of PR's statements have some valid point to some distinct.* That an exchange with four stocks, which are trading on lowish volume, all involving the creator (probably a good thing in this case) and some option trading, has such a high valuation seems to tell a lot of Bitcoin world. But this is probably just half of the truth: MPEx is rock solid, innovative (GPG order system!) and seemingly profitable for investors. MPEx' alleged irrelevance is also not the only reason why it survived three other exchanges and is probably here to stay for a long time.

http://trilema.com/category/mpex/ provides some further insight. Here is a good example, that it's more than a shitty website from the 90s.

*Especially sad, because many have a (sometimes eye-opening) "cold, hard reality" character. Wink

Not sure what your point is. Looks like you just quoted a trillema post. So is it the "solid functionality" or "innovative gpg order system" that makes it worth 1 billion? I don't think your post clears up any confusion.
crumbs
Full Member
***
Offline Offline

Activity: 210



View Profile
November 29, 2013, 02:01:59 AM
 #34

...
Not sure what your point is. Looks like you just quoted a trillema post. So is it the "solid functionality" or "innovative gpg order system" that makes it worth 1 billion? I don't think your post clears up any confusion.

Jimmothy, egalitarian predisposition is my one great weakness, but even i will concede that there are things too complex for a feller like yourself to ever understand.
And no amount of explainin' will make one bit of difference.
If i could only undo the slights dealt you by fate and poor breeding...  At this point... nothing can be done Undecided
DrGregMulhauser
Sr. Member
****
Offline Offline

Activity: 330



View Profile
November 29, 2013, 03:09:41 PM
 #35

Isn't MPEX the only place you can reliable underwrite [FTFY] and buy options against the USD value of BTC?

The quasi-options available are generally priced by a bot which maintains a usurious spread and ludicrous levels of implied volatility frequently far above historical volatility -- making them a perfect way to extract cash from those who don't ignore the place entirely because they don't realise there are cheaper ways of doing this stuff. As for reliability, the operator claims in his site's FAQ that he "doesn't hedge...options positions".

However, a reliable market maker -- one which does not introduce inordinate levels of counterparty risk -- does not enter into naked positions. (No pun intended, despite MP's history of involvement in the Romanian porn industry: I mean naked options positions). Not entering naked positions means, for example, taking a long position in the underlying whenever one becomes net short in calls on that underlying. This type of hedge is part and parcel of any competent market making activity in derivatives. Failing to do so means failing to deliver under a non-trivial set of possible market outcomes. (It also means profiteering by continuing to run that risk of failing to deliver and not spending the resources to reduce that risk.)

As far as I can tell, judging by the shellacking which the bot sometimes takes, the claim about failing to hedge is correct. This suggests that with respect to options market making, the operation is not reliable from the standpoint of counterparty risk. To someone not paying attention to the counterparty risk which is necessarily introduced by a failure to hedge, the operation may appear to be perfectly safe and reliable...right up until it isn't. This is little different than the appearance that a 20-sided die will never come up showing '1', because it hasn't yet done so during your first 10 rolls.

Oh, and just as a reference point, the combined revenue for MPOE options contracts sold during August, September, and October was something around 2180 BTC.

The current open interest on ICBIT just in the March 2014 BTC/USD futures contract is 387,424, while volume is showing at a little under $13 million. I have no idea what the site's revenue on that volume might be. But it's interesting that during just the last 7 days, the top trader on ICBIT generated a profit of around 755 BTC, and during the last 30 days, the corresponding figure was 1877 BTC. In other words, the profit generated by just one trader during the last 30 days is approaching the entire MPOE options revenue across all contracts for a 3-month period.

ICBIT carries significant counterparty risk too, but at least it comes clean about it, as distinct from disingenuously promoting a failure to hedge as a positive point, rather than as an indication of what it really is.

EDIT: Clarified my wording about revenues and volumes.

Tips: 16yuntKtTkQSBTHpuNxHCF1wP9iLK77xSw
BTC Growth
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 29, 2013, 04:45:40 PM
 #36

The quasi-options available are generally priced by a bot which maintains a usurious spread and ludicrous levels of implied volatility frequently far above historical volatility -- making them a perfect way to extract cash from those who don't ignore the place entirely because they don't realise there are cheaper ways of doing this stuff. As for reliability, the operator claims in his site's FAQ that he "doesn't hedge...options positions".

However, a reliable market maker -- one which does not introduce inordinate levels of counterparty risk -- does not enter into naked positions. (No pun intended, despite MP's history of involvement in the Romanian porn industry: I mean naked options positions). Not entering naked positions means, for example, taking a long position in the underlying whenever one becomes net short in calls on that underlying. This type of hedge is part and parcel of any competent market making activity in derivatives. Failing to do so means failing to deliver under a non-trivial set of possible market outcomes. (It also means profiteering by continuing to run that risk of failing to deliver and not spending the resources to reduce that risk.)

As far as I can tell, judging by the shellacking which the bot sometimes takes, the claim about failing to hedge is correct. This suggests that with respect to options market making, the operation is not reliable from the standpoint of counterparty risk. To someone not paying attention to the counterparty risk which is necessarily introduced by a failure to hedge, the operation may appear to be perfectly safe and reliable...right up until it isn't. This is little different than the appearance that a 20-sided die will never come up showing '1', because it hasn't yet done so during your first 10 rolls.

Oh, and just as a reference point, the combined revenue for MPOE options contracts sold during August, September, and October was something around 2180 BTC.

The current open interest on ICBIT just in the March 2014 BTC/USD futures contract is 387,424, while volume is showing at a little under $13 million. Also of note, during just the last 7 days, the top trader on ICBIT generated a profit of around 755 BTC, and during the last 30 days, the corresponding figure was 1877 BTC. In other words, the profit generated by just one trader during the last 30 days is approaching the entire MPOE options revenue across all contracts for a 3-month period.

ICBIT carries significant counterparty risk too, but at least it comes clean about it, as distinct from disingenuously promoting a failure to hedge as a positive point, rather than as an indication of what it really is.

Glad to see your long history of talking about things you don't either know or comprehend hasn't ended yet.

MP happens to be the first and the only guy in BTC that neither enters into naked positions nor allows others to do so (much to their chagrin).

Read up on how the MPOE bot is financed, try and comprehend it, stop making a fool of yourself.

PS. MP covered 10s of ks of Bitcoins' worth of trading losses so that all you fuckwits could have a Bitcoin in the first place, that is to say so this thing you imagine you're being part of could continue its destiny, unrelated to your own lives as that may be.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
DrGregMulhauser
Sr. Member
****
Offline Offline

Activity: 330



View Profile
November 29, 2013, 04:53:22 PM
 #37

Glad to see your long history of talking about things you don't either know or comprehend hasn't ended yet.

MP happens to be the first and the only guy in BTC that neither enters into naked positions nor allows others to do so...

Interesting. Perhaps then you would enjoy deigning to explain to we mere mortals how one reconciles the following two statements:

1) I do not enter into naked (translation for current purposes: unhedged) options positions.

2) I do not hedge options positions.

Oh do tell, so that we may be enlightened.

Alternatively -- much as I suggested to you the last time you started throwing the weight of your own confusion around over in one of my threads where I had just rejected the possibility of listing on MPEx -- perhaps you'd like to run off and find a colleague or two who has acquired some investing experience elsewhere than while toddling around during Bitcoin's brief childhood, and first ask for an outside opinion on this ludicrous excuse for options market making.

Tips: 16yuntKtTkQSBTHpuNxHCF1wP9iLK77xSw
BTC Growth
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 29, 2013, 05:40:49 PM
 #38

Interesting. Perhaps then you would enjoy deigning to explain to we mere mortals how one reconciles the following two statements:

1) I do not enter into naked (translation for current purposes: unhedged) options positions.

2) I do not hedge options positions.

Oh do tell, so that we may be enlightened.

Alternatively -- much as I suggested to you the last time you started throwing the weight of your own confusion around over in one of my threads where I had just rejected the possibility of listing on MPEx -- perhaps you'd like to run off and find a colleague or two who has acquired some investing experience elsewhere than while toddling around during Bitcoin's brief childhood, and first ask for an outside opinion on this ludicrous excuse for options market making.

You've never heard of MPBOR, have you.

Here, seems MP was amused enough with all this nonsense to write an article even. Revisiting the topic of “economic injustice”, with examples.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
DrGregMulhauser
Sr. Member
****
Offline Offline

Activity: 330



View Profile
November 29, 2013, 06:22:15 PM
 #39

You've never heard of MPBOR, have you...

Was the request to back up your condescension with substance too hard for you? Remember, all you have to do is explain how one never enters naked options positions, while simultaneously never hedging options positions.

Or did you mean for hand-waving references to borrowing to somehow accomplish this magical feat all by itself?

Tips: 16yuntKtTkQSBTHpuNxHCF1wP9iLK77xSw
BTC Growth
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 29, 2013, 06:55:02 PM
 #40

Was the request to back up your condescension with substance too hard for you? Remember, all you have to do is explain how one never enters naked options positions, while simultaneously never hedging options positions.

Or did you mean for hand-waving references to borrowing to somehow accomplish this magical feat all by itself?

Part of what makes your idiocy so delicious is your amusing expectations to be instructed for free, forcibly, while kicking and screaming.

I'll make you kick and scream, sure, but I ain't instructing your bulbously barren head.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
ex-trader
Sr. Member
****
Offline Offline

Activity: 298


View Profile
November 29, 2013, 07:24:42 PM
 #41

I think the thread title is misleading, in that I don't think Mpex is a scam. It seems to offer securities and people buy them - job done.

However the more relevent question is whether it is over-valued and that would seem to be the case. MPOE is trading at 0.00079937 per share with 1bn shares = 800k BTC (or a staggering 1bn USD roughly).

The income is massively volatile but appears as follows:

Oct 261 BTC
Sept 21 BTC
Aug 1779 BTC

So for the last 3 months the total was 2,061 BTC, which if annualised is 8,244 BTC

Thus for the last quarters data ONLY the stocks would seem to be trading at 97x earnings or a div yield of 1.0%. This seems incredibly low in Bitcoin world, compared to most stocks that yield 10-30%.

I await any corrections from MPOE-PR. Smiley
DrGregMulhauser
Sr. Member
****
Offline Offline

Activity: 330



View Profile
November 29, 2013, 07:38:00 PM
 #42

Part of what makes your idiocy so delicious is your amusing expectations to be instructed for free, forcibly, while kicking and screaming.

I'll make you kick and scream, sure, but I ain't instructing your bulbously barren head.

The rest of us here on planet Earth will take your latest playground antics as an admission that your claims regarding never hedging options positions while simultaneously never entering naked options positions are every bit as laughable as they appeared when you first made them -- while your allusion to MPBOR smacks of proof by reference to converging irrelevancies.

Tips: 16yuntKtTkQSBTHpuNxHCF1wP9iLK77xSw
BTC Growth
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 29, 2013, 09:12:43 PM
 #43

I think the thread title is misleading, in that I don't think Mpex is a scam. It seems to offer securities and people buy them - job done.

I don't feel as though the title is misleading and here's why:

Securities are traded but have little value and produce little returns. Of course besides s.mpoe which I an having a hard time understanding exactly where the dividends come from.

I have a feelinh that mr popescu is using the 30btc registration fees to pay dividends. If that is the case then it is most definitely a scam. If he is  earning his entire dividends using the options bot then it is not a scam but an elaborate gambling scheme.

I could be wrong and those 30btc may go to a legit cause that actually creates value in some way but I simply can't figure it out.
pand70
Sr. Member
****
Offline Offline

Activity: 476



View Profile
November 29, 2013, 09:27:01 PM
 #44

Which is why MPEx is valued at about 5% of all Bitcoin and JPM at about 0.0x% of all fiat.

Sorry for asking but that guy compares MPEx (whatever that is) with JP Morgan? Is he for real or just kidding?
I stopped reading after that so i can't really tell.

MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 29, 2013, 09:34:35 PM
 #45

I could be wrong and those 30btc may go to a legit cause that actually creates value in some way but I simply can't figure it out.

It keeps you out.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
Rannasha
Hero Member
*****
Offline Offline

Activity: 728


View Profile
November 29, 2013, 09:40:09 PM
 #46

I think the thread title is misleading, in that I don't think Mpex is a scam. It seems to offer securities and people buy them - job done.

I don't feel as though the title is misleading and here's why:

Securities are traded but have little value and produce little returns. Of course besides s.mpoe which I an having a hard time understanding exactly where the dividends come from.

I have a feelinh that mr popescu is using the 30btc registration fees to pay dividends. If that is the case then it is most definitely a scam. If he is  earning his entire dividends using the options bot then it is not a scam but an elaborate gambling scheme.

I could be wrong and those 30btc may go to a legit cause that actually creates value in some way but I simply can't figure it out.

Dividends for S.MPOE come from profits of MPEx. Those revenue comes primarily (two-thirds according to the october report) from
1) registration fees.
2) trade fees on MPEx.

So what are people primarily trading on MPEx? Well, S.MPOE shares. That's right, most of the profit of S.MPOE holders comes from getting new people to join and trade S.MPOE shares.

While unlikely to be intentional, this makes it more and more of a pyramid scheme.
ex-trader
Sr. Member
****
Offline Offline

Activity: 298


View Profile
November 29, 2013, 09:41:25 PM
 #47

I have a feelinh that mr popescu is using the 30btc registration fees to pay dividends. If that is the case then it is most definitely a scam. If he is  earning his entire dividends using the options bot then it is not a scam but an elaborate gambling scheme.

Those fees are income and are paid as dividends. Provided all the income is legitimate and is paid away after expenses there's nothing about it thats a scam.

The fact that some people are willing to pay 97x earnings is not a scam it's stupidity, but the market price is not determined by the operator, but by the buyers/sellers.

I cannot believe I'm defending them given how much abuse their PR throws out, but nevertheless I do seem to be..... !
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 29, 2013, 09:47:34 PM
 #48

I have a feelinh that mr popescu is using the 30btc registration fees to pay dividends. If that is the case then it is most definitely a scam. If he is  earning his entire dividends using the options bot then it is not a scam but an elaborate gambling scheme.

Those fees are income and are paid as dividends. Provided all the income is legitimate and is paid away after expenses there's nothing about it thats a scam.

The fact that some people are willing to pay 97x earnings is not a scam it's stupidity, but the market price is not determined by the operator, but by the buyers/sellers.

I cannot believe I'm defending them given how much abuse their PR throws out, but nevertheless I do seem to be..... !

You might not consider this a scam but I and many others do. When your main source of revenue is from your users "stupidity" you know you are not running a legit operation.

Considering mr popescu spends all his time recruiting new users and blog viewers I am still going to stick with my first conclusion that this is nothing but a scam/scheme.
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 29, 2013, 09:48:29 PM
 #49

However the more relevent question is whether it is over-valued

This question is at the very least ancient. Is S.MPOE really worth that much ?! That was back in Dec 2012, and at the time,

Quote
For another instance, critics are quick to point out that the BTC is traded on MtGox at 13.5 dollars or whatever it is traded at, which would put S.MPOE somewhere around 8 million dollars, which would be excessive.

So for the last 3 months the total was 2,061 BTC, which if annualised is 8,244 BTC

Why annualize when you have monthly reports going back all the way to before anyone here had even heard of Bitcoin? Just add up the months.

Thus for the last quarters data ONLY the stocks would seem to be trading at 97x earnings or a div yield of 1.0%. This seems incredibly low in Bitcoin world, compared to most stocks that yield 10-30%.

And compared to pirate's bank or to what some guy dreamt while asleep among cockroaches and potato chips these other things you call stocks (but aren't in any way stocks) are also showing a very poor yield.

The important point to understand here is that yields are whatever they are, and promises of variously packaged scams cannot be compared with what the yields are, or be part of a discussion of yields. What happens on MPEx is Bitcoin finance. What happens everywhere and anywhere else is pure gemology.

I can appreciate that to a multitude of financially illiterate folk (such as for instance Dr. BombyHead above) the difference is invisible. That's fine, but it also does not make the difference go away.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 29, 2013, 09:56:03 PM
 #50

However the more relevent question is whether it is over-valued

This question is at the very least ancient. Is S.MPOE really worth that much ?! That was back in Dec 2012, and at the time,

Quote
For another instance, critics are quick to point out that the BTC is traded on MtGox at 13.5 dollars or whatever it is traded at, which would put S.MPOE somewhere around 8 million dollars, which would be excessive.

So for the last 3 months the total was 2,061 BTC, which if annualised is 8,244 BTC

Why annualize when you have monthly reports going back all the way to before anyone here had even heard of Bitcoin? Just add up the months.

Thus for the last quarters data ONLY the stocks would seem to be trading at 97x earnings or a div yield of 1.0%. This seems incredibly low in Bitcoin world, compared to most stocks that yield 10-30%.

And compared to pirate's bank or to what some guy dreamt while asleep among cockroaches and potato chips these other things you call stocks (but aren't in any way stocks) are also showing a very poor yield.

The important point to understand here is that yields are whatever they are, and promises of variously packaged scams cannot be compared with what the yields are, or be part of a discussion of yields. What happens on MPEx is Bitcoin finance. What happens everywhere and anywhere else is pure gemology.

I can appreciate that to a multitude of financially illiterate folk (such as for instance Dr. BombyHead above) the difference is invisible. That's fine, but it also does not make the difference go away.

More advertising your nonsense filled blog.

I will ask again. How do you make money? You can't just say "finance" and expect people to buy it.
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 29, 2013, 10:10:50 PM
 #51

More advertising your nonsense filled blog.

I will ask again. How do you make money? You can't just say "finance" and expect people to buy it.

I can however say "none of your business, piss off" and expect you to do so.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 29, 2013, 10:15:25 PM
 #52

More advertising your nonsense filled blog.

I will ask again. How do you make money? You can't just say "finance" and expect people to buy it.

I can however say "none of your business, piss off" and expect you to do so.

But you are the one asking us to pay you 30btc for a service which we have no idea how it operates and how it creates revenue.

Or should we just take your word for it and fork over the 30btc, invest in s.mpoe, and see how it goes?
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 29, 2013, 10:21:35 PM
 #53

But you are the one asking us to pay you 30btc for a service which we have no idea how it operates and how it creates revenue.

Or should we just take your word for it and fork over the 30btc, invest in s.mpoe, and see how it goes?

I am asking you no such thing. It's a bad habit to imagine yourself at the center of the world. In day to day reality, MPEx is worth about a billion dollars and nobody gives a shit what you think on this, or any other topic.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 29, 2013, 10:27:21 PM
 #54

But you are the one asking us to pay you 30btc for a service which we have no idea how it operates and how it creates revenue.

Or should we just take your word for it and fork over the 30btc, invest in s.mpoe, and see how it goes?

I am asking you no such thing. It's a bad habit to imagine yourself at the center of the world. In day to day reality, MPEx is worth about a billion dollars and nobody gives a shit what you think on this, or any other topic.

Really? I'm not the one with a yellow ignore button. For those wondering it means he has been ignored by many trusted members.

Also you tell me to piss off in my own thread? I give you a chance to defend your "financial operation" but you either choose not to or you simply can't.

And I completely agree that it is a bad habit to imagine yourself at the center of the world. But seriously take a look in the mirror. Everything you have said revolved around how much superior you are to us simple minded folk and how your operation is the beating heart of bitcoin.

Get real.
kingcrimson
Legendary
*
Offline Offline

Activity: 1023


View Profile
November 29, 2013, 10:40:05 PM
 #55

But you are the one asking us to pay you 30btc for a service which we have no idea how it operates and how it creates revenue.

Or should we just take your word for it and fork over the 30btc, invest in s.mpoe, and see how it goes?

I am asking you no such thing. It's a bad habit to imagine yourself at the center of the world. In day to day reality, MPEx is worth about a billion dollars and nobody gives a shit what you think on this, or any other topic.

It is not even worth 1 million. Your site is trash and a running joke in the bitcoin community. You are a clown.
DrGregMulhauser
Sr. Member
****
Offline Offline

Activity: 330



View Profile
November 29, 2013, 11:10:59 PM
 #56

I can appreciate that to a multitude of financially illiterate folk (such as for instance Dr. BombyHead above)...

Until such time as you are capable of magicking up anything other than a fairly tale to explain how a competent options market maker can simultaneously never hedge option positions and never enter a naked option position, it will remain the case that the primary source of gross financial illiteracy being spewn all over innocent bystanders here is you.

The genuinely competent know when to acknowledge they've made a mistake. They also recognise when they've stepped over the boundary that separates healthy and even entertaining assertiveness from merely spewing logical incoherence and last-ditch defensiveness. It's a shame you seem to be blind to that boundary.

If you have some competence to show, and you'd like to take a stab at rescuing your previous assertions from logical incoherence, then have it it. If not, perhaps it would be worth considering whether all PR really is good PR after all -- or whether sometimes it actually matters whether you have something worthwhile to contribute.

Tips: 16yuntKtTkQSBTHpuNxHCF1wP9iLK77xSw
BTC Growth
BitHub
Sr. Member
****
Offline Offline

Activity: 253


View Profile
November 30, 2013, 12:26:39 AM
 #57

i think he needs the money to finish his sex change to finally become MPOE-PR


He's the Chelsea Manning of the Bitcoin world.
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 30, 2013, 01:53:22 AM
 #58

Until such time as you are capable of magicking up anything other than a fairly tale to explain how a competent options market maker can simultaneously never hedge option positions and never enter a naked option position, it will remain the case that I'm fucking retarded.

Quote
19:18:24 mircea_popescu: ahaha that dr greg forum guy is hysterical.
19:18:40 mircea_popescu: "how one never enters naked options positions, while simultaneously never hedging options positions"
19:18:57 mircea_popescu: aka, "how does one not steal clothes while also not returning them"
19:19:15 mircea_popescu: forum muppets never heard of this mystical concept of, you know... like having money ?

via.

Split sides eagerly await your doubtlessly clever and well-grounded retort.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
DrGregMulhauser
Sr. Member
****
Offline Offline

Activity: 330



View Profile
November 30, 2013, 10:05:55 AM
 #59

Quote
19:18:24 mircea_popescu: ahaha that dr greg forum guy is hysterical.
19:18:40 mircea_popescu: "how one never enters naked options positions, while simultaneously never hedging options positions"
19:18:57 mircea_popescu: aka, "how does one not steal clothes while also not returning them"
19:19:15 mircea_popescu: forum muppets never heard of this mystical concept of, you know... like having money ?

Split sides eagerly await your doubtlessly clever and well-grounded retort.

Despite my better judgement warning me it is an utter waste of my time to respond to such ongoing flailings and desperate attempts to lower the tone of the conversation, on this occasion I will accept the invitation to explain the inherent idiocy of claiming to provide competent options market making services while never hedging options positions and never entering naked positions.

By definition, an options market maker is a guaranteed buyer, and a guaranteed seller. The market maker does not get to decide, in advance, whether they're going to be buying or selling, and the market maker does not get to use a crystal ball to tell them, in advance, what demands are going to be made either to buy or sell options or to deliver or to take delivery of the underlying.

As a result, any competent market maker -- who, being competent and all, is not going to introduce inordinate levels of counterparty risk -- continually adjusts positions both in cash and in the underlying entity which are sufficient to cover their obligations created by ongoing sales and purchases of options. That's in addition to ongoing adjustments to bids and asks across option chains so as to accommodate changes in the price of the underlying and fluctuations in demand for the options. In my original example, when they're short a call, they might ensure that short position is balanced by a long in the underlying -- and, notably, maintaining that long position, whose price moves inversely relative to the short position, is the very definition of hedging. To the extent the position is covered, it is hedged -- by definition. Someone who claims otherwise either does not understand the meaning of the words, or they hope that you don't.

(I'm simplifying quite a bit here. More generally speaking, options market makers keep a lid on directional risk, or delta risk, via a range of strategies, including using futures. They also keep a lid on risks associated with the other Greeks -- gamma, vega, and theta -- but we're dealing here with someone who claims to provide competent market making while ignoring the obvious delta.)

The types of adjustments I've just outlined explain why, generally speaking, competent market makers tend not to lose large amounts of money: a competent market maker is not merely gambling with a pot of underlying capital by buying and selling options willy-nilly, hoping to make a killing on the bid/ask spread. On the contrary: their entire operation is designed and delta hedged so as to avoid wild swings in the net value of their position and to provide a service which is both extremely reliable for market participants -- by virtue of continually ensuring their ability to deliver on their obligations -- and highly profitable to themselves.

Merely "having money" and providing a bit of options market making without a grasp of the basic mechanics of risk management in the activity does not make one a competent market maker; it makes one a gambler.

Merely "having money" and occasionally losing large sums while options market making does not make one a competent market maker; it makes one a source of counterparty risk.

The bottom line is that out in the real world of finance, a supposed market maker who not only failed to grasp the concept of delta-neutral hedging but actively promoted their lack of hedging activity as some sort of good thing would be laughed out of the room -- or more likely just ignored. Only here, where Bitcoin finance remains in its infancy, can someone swagger in without a clue about even basic delta hedging, point to a big bag of money, and attempt to browbeat and intimidate folks into thinking that that somehow implies they know what they're doing and can be relied upon as a safe counterparty.

Tips: 16yuntKtTkQSBTHpuNxHCF1wP9iLK77xSw
BTC Growth
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 30, 2013, 01:01:00 PM
 #60

Despite my better judgement warning me it is an utter waste of my time to respond to such ongoing flailings and desperate attempts to lower the tone of the conversation, on this occasion I will accept the invitation to explain the inherent idiocy of claiming to provide competent options market making services while never hedging options positions and never entering naked positions.

By definition, an options market maker is a guaranteed buyer, and a guaranteed seller. The market maker does not get to decide, in advance, whether they're going to be buying or selling, and the market maker does not get to use a crystal ball to tell them, in advance, what demands are going to be made either to buy or sell options or to deliver or to take delivery of the underlying.

As a result, any competent market maker -- who, being competent and all, is not going to introduce inordinate levels of counterparty risk -- continually adjusts positions both in cash and in the underlying entity which are sufficient to cover their obligations created by ongoing sales and purchases of options. That's in addition to ongoing adjustments to bids and asks across option chains so as to accommodate changes in the price of the underlying and fluctuations in demand for the options. In my original example, when they're short a call, they might ensure that short position is balanced by a long in the underlying -- and, notably, maintaining that long position, whose price moves inversely relative to the short position, is the very definition of hedging. To the extent the position is covered, it is hedged -- by definition. Someone who claims otherwise either does not understand the meaning of the words, or they hope that you don't.

(I'm simplifying quite a bit here. More generally speaking, options market makers keep a lid on directional risk, or delta risk, via a range of strategies, including using futures. They also keep a lid on risks associated with the other Greeks -- gamma, vega, and theta -- but we're dealing here with someone who claims to provide competent market making while ignoring the obvious delta.)

The types of adjustments I've just outlined explain why, generally speaking, competent market makers tend not to lose large amounts of money: a competent market maker is not merely gambling with a pot of underlying capital by buying and selling options willy-nilly, hoping to make a killing on the bid/ask spread. On the contrary: their entire operation is designed and delta hedged so as to avoid wild swings in the net value of their position and to provide a service which is both extremely reliable for market participants -- by virtue of continually ensuring their ability to deliver on their obligations -- and highly profitable to themselves.

Merely "having money" and providing a bit of options market making without a grasp of the basic mechanics of risk management in the activity does not make one a competent market maker; it makes one a gambler.

Merely "having money" and occasionally losing large sums while options market making does not make one a competent market maker; it makes one a source of counterparty risk.

The bottom line is that out in the real world of finance, a supposed market maker who not only failed to grasp the concept of delta-neutral hedging but actively promoted their lack of hedging activity as some sort of good thing would be laughed out of the room -- or more likely just ignored. Only here, where Bitcoin finance remains in its infancy, can someone swagger in without a clue about even basic delta hedging, point to a big bag of money, and attempt to browbeat and intimidate folks into thinking that that somehow implies they know what they're doing and can be relied upon as a safe counterparty.

It's good that you know words. It's funny that you believe armchair generals actually matter on the battlefield. Please never change, you've got a good thing going with this unintentional comedy gold. Even if its value is epsilon per megaton, nonetheless you're not going to exceed it doing anything else. 

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
DrGregMulhauser
Sr. Member
****
Offline Offline

Activity: 330



View Profile
November 30, 2013, 01:10:49 PM
 #61

It's good that you know words. It's funny that you believe armchair generals actually matter on the battlefield. Please never change, you've got a good thing going with this unintentional comedy gold. Even if its value is epsilon per megaton, nonetheless you're not going to exceed it doing anything else. 

Yada yada yada yaaawwwwnnn. Is there anybody else here besides you?

Tips: 16yuntKtTkQSBTHpuNxHCF1wP9iLK77xSw
BTC Growth
crumbs
Full Member
***
Offline Offline

Activity: 210



View Profile
November 30, 2013, 02:52:48 PM
 #62

Bugpowder
Sr. Member
****
Offline Offline

Activity: 394


View Profile
November 30, 2013, 04:09:00 PM
 #63

So after roughly a year of bitcoining I have come to the conclusion that mpex.co or Mircea Popescu Exchange (Formerly Mircea popescu options emporium?) does literally nothing but move bitcoins from one wallet to the next and in most cases ending up in Mircea Popescu's wallet.

30 Bitcoin Registration Fee and you get the choice of an failed video game company, bitbet.us (not sure why they need funding with all the fees), and MPOE itself whose profits consist mostly of those 30 bitcoin registration fees.

Normally "investing" is when you give capital to someone who needs it to create something of value. I don't see any value coming out of mpex.co whatsoever. Their biggest success story is a gambling website (again not really creating value, just taking btc from one person and giving it the next.)

One last thing that does not really prove that mpex.co is a scam but I cant be the only one to notice that Mircea Popescu speaks like a sci-fi super-villain.

I would love for someone to explain to me how mpex.co is not a scam bit I simply cannot understand.

In the end it looks like Mircea Popescu is walking away with 30,000 btc (according to some richest bitcoiners thread)

Has anyone else besides him made a profit from the site?

People made an enormous amount of bitcoin off of call options purchased on the site from January to April of 2013. If you ask people in the bitcoin-assets channel, they know. The site paid out 19,000 BTC on March options expiration.  That's probably the biggest hit any bitcoin financial product ever took without going under.

Here is the financial statement for March.  There are people out there that made an utter KILLING that month.  MP lost basically all the gains of the previous year.  Options were repriced shortly afterwards to more accurately reflect the tail risk volatility, and volume has fallen off dramatically.

http://trilema.com/2013/mpoe-march-2013-statement/
moderate
Member
**
Offline Offline

Activity: 70

nearly dead


View Profile
November 30, 2013, 04:15:20 PM
 #64

I made an enormous amount of bitcoin off of call options purchased on the site from January to April of 2013.

Just to lose it gambling few months later.
Bogart
Legendary
*
Offline Offline

Activity: 938


View Profile
November 30, 2013, 07:24:17 PM
 #65

I would love for someone to explain to me how mpex.co is not a scam bit I simply cannot understand.

The burden of proof rests on the accuser.  You can't just say "prove it's not a scam".

What evidence do you have to offer that it is a scam?

Can you point to any material lies or misrepresentations, breaches of contract, etc?

"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 30, 2013, 09:34:24 PM
 #66

I would love for someone to explain to me how mpex.co is not a scam bit I simply cannot understand.

The burden of proof rests on the accuser.  You can't just say "prove it's not a scam".

What evidence do you have to offer that it is a scam?

Can you point to any material lies or misrepresentations, breaches of contract, etc?

As far as I know, every part of this scam is outlined in the contract. This does not make it any less of a scam, but a scam that users are accidentally agreeing to it.

Parts I found scammy/schemey:

- Main source if revenue directly related to the amount of noobs that can be recruited and made to pay the 30btc registration fee.

 - Bashes all other security exchanges yet is not even a real stock exchange and instead a gambling site.

- Other main source of revenue relies on a robots ability to predict the future where their users cannot. Unless this robot is in possesion of a magic 8-ball, it is doing nothing but gambling.

- No real value created. One guy loses money and one guy wins the other guys losses. Money is switching hands but never is value created like a normal business.

- nonfunctional securities. 2 securities for gambling sites, 1 for a video game dev (only source of creating value related to this scheme albeit very little value) and of course s.mpoe which gets its profits from recruiting noobs to pay the registration fee and hopefully gamble against the robot and lose.

- Website designed to mislead. Everything about the site reeks of bullshit. Designed to make you think you are "investing" in something legit but really you are throwing money away unless you are taking part in the scheme.

Point of this thread was to determine what mpex does and whether its profits come from actually creating value which has become clear is not the case.
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 30, 2013, 09:49:02 PM
 #67

As far as I know, every part of this scam is outlined in the contract. This does not make it any less of a scam, but a scam that users are accidentally agreeing to it.

Parts I found scammy/schemey:

- Main source if revenue directly related to the amount of noobs that can be recruited and made to pay the 30btc registration fee.

 - Bashes all other security exchanges yet is not even a real stock exchange and instead a gambling site.

- Other main source of revenue relies on a robots ability to predict the future where their users cannot. Unless this robot is in possesion of a magic 8-ball, it is doing nothing but gambling.

- No real value created. One guy loses money and one guy wins the other guys losses. Money is switching hands but never is value created like a normal business.

- nonfunctional securities. 2 securities for gambling sites, 1 for a video game dev (only source of creating value related to this scheme albeit very little value) and of course s.mpoe which gets its profits from recruiting noobs to pay the registration fee and hopefully gamble against the robot and lose.

- Website designed to mislead. Everything about the site reeks of bullshit. Designed to make you think you are "investing" in something legit but really you are throwing money away unless you are taking part in the scheme.

Point of this thread was to determine what mpex does and whether its profits come from actually creating value which has become clear is not the case.

Wow. I read a lot of retarded shit on these forums, but this is prime retarded rib.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 30, 2013, 09:58:55 PM
 #68

I am a finance noob but really try to understand what "creates value" or how the businesses you are referring to work (BitBet's certainly more than gambling). And if you think mining companies create more value, well... Shocked

Bitbet is more than gambling? I thought that was literally all it is.

Mining companies create items people want to buy. A real product with real value. Mpex just moves money..

freethink2013
Full Member
***
Offline Offline

Activity: 224


View Profile
November 30, 2013, 10:03:03 PM
 #69

Wow an MPOE_PR post followed directly by a pankkake post.

For the uninitiated here's how it goes.

1. Someone criticized MP
2. MPOE-PR insults everyone. Calls them fools for not understanding how MP is bigger than google/fb/amazon etc
3. pankkake says "wow I can walk! this snake oil from MP works fuck the critics!"

This play is as old as the hillls


jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 30, 2013, 10:20:08 PM
 #70

Wow. I read a lot of retarded shit on these forums, but this is prime retarded rib.

Clearly you have demonstrated your ability to hurl insults at me and others on the forum who question your business.

I really just want to know where your money comes from? I am pretty sure the reason you wont give me or anyone else a simplified answer is because it would become clear that you do nothing but move money.

I really wish you would take the time to explain how you make money with the same clarity and simplicity of your insults.
freethink2013
Full Member
***
Offline Offline

Activity: 224


View Profile
November 30, 2013, 10:23:51 PM
 #71

I am here where the lols are!
Truth be told, I was expecting a better response from Ms. Tittylicious.


I hear you on the lols tbf. I feel that although mp is a business based on tricking people, most of those people kind of deserve it. If anything screamed "don't pay me money to join" then mpex said that. I think though that by dealing with so many fools maybe mp has started thinking 100% of people are fools when it's only 99.999%

It's just not the way I'd run a business. I think ethics and fairness have to play a role.
davout
Legendary
*
Offline Offline

Activity: 1372


1davout


View Profile WWW
November 30, 2013, 10:25:42 PM
 #72

you do nothing but move money.

dem lulz

moderate
Member
**
Offline Offline

Activity: 70

nearly dead


View Profile
November 30, 2013, 10:30:07 PM
 #73


I feel that although mp is a business based on tricking people


There is an easier way to decide that than feeling it. How many people have paid 30 BTC to use it ? PR girl, this is a simple one to answer.
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 30, 2013, 11:15:59 PM
 #74

There is an easier way to decide that than feeling it. How many people have paid 30 BTC to use it ? PR girl, this is a simple one to answer.

Each monthly report contains the answer for that month. A tally was published a while back; any time one of the local retards feels inclined to do something actually useful he could go add up said reports and come up with some useful data.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
freethink2013
Full Member
***
Offline Offline

Activity: 224


View Profile
November 30, 2013, 11:20:42 PM
 #75

The whole mp bus plan is this: we're never gonna run out of retards!

I'd like to criticize it and i don't think it's morally right BUT I don't think it's wrong either
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
November 30, 2013, 11:29:34 PM
 #76

There is an easier way to decide that than feeling it. How many people have paid 30 BTC to use it ? PR girl, this is a simple one to answer.

Each monthly report contains the answer for that month. A tally was published a while back; any time one of the local retards feels inclined to do something actually useful he could go add up said reports and come up with some useful data.

Sorry I'm not able to access your shitty blog and definately not going to pay 0.01 to read it.

Can you just answer simple questions? We want a number of users who payed the registration fee. A single number shouldn't be too hard to provide or even a rough estimate would do.

But linking your shitty blog expecting me to pay 0.01btc to wade though the nonsense is not going to happen.
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 30, 2013, 11:34:47 PM
 #77

Sorry I'm not able to access your shitty blog and definately not going to pay 0.01 to read it.

Can you just answer simple questions? We want a number of users who payed the registration fee. A single number shouldn't be too hard to provide or even a rough estimate would do.

But linking your shitty blog expecting me to pay 0.01btc to wade though the nonsense is not going to happen.

I'm sorry, I cost 12 BTC a month. I don't entertain requests coming from 0.01 BTC noobs.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
moderate
Member
**
Offline Offline

Activity: 70

nearly dead


View Profile
November 30, 2013, 11:45:52 PM
 #78


I'm sorry, I cost 12 BTC a month. I don't entertain requests coming from 0.01 BTC noobs.

Quite the job for doing see here all day long, congratulations on that.
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 30, 2013, 11:57:59 PM
 #79

Quite the job for doing see here all day long, congratulations on that.

Apparently you lot have such a good reputation, people seem to think I'm not getting paid nearly enough.

Quote
<mike_c> whatever you are paying her to hang out in the den of retardation all day - it's not enough.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
Peter Lambert
Hero Member
*****
Offline Offline

Activity: 756

It's all fun and games until somebody loses an eye


View Profile
December 02, 2013, 07:18:55 PM
 #80

This thread is full of misinformed idiots attacking MPEx as a scam without understanding what it is.

"How is this possibly valued so high?" - It is a bitcoin based business which earns income in bitcoins and has a track record of surviving attacks by starting with strong security from the beginning. It earns income, pays dividends, gives monthly reports.

"Where is it possibly getting any income from?" - They publish reports every month detailing things like this. Go read the monthly report to find out. Registration fees, trading fees, option fees, etc.

"It costs 30 btc to sign up, why would anybody use it?" - People use it because it works. If you do not want to pay the 30 btc registration you can use a broker like CoinBr to avoid the registration fee.

"But it is trading at a PE of 97, why would anybody buy that?" - This is bitcoin, a deflating currency. For a steady company it makes sense for the yield to be very low, since you are gaining value on top of the bitcoin you started with. The only reason all the other stocks are trading at such low PE's is because of the huge risk factors. MPOE is seen by the market as being low risk, therefore there is a high PE. Also, people are buying in for the amazing potential future profits; there are just a few stocks listed now, but as the serious financial types from around the world get into the bitcoin space, more listings will be added.

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
kingcrimson
Legendary
*
Offline Offline

Activity: 1023


View Profile
December 02, 2013, 07:59:31 PM
 #81

It is funny when Mpex's butt buddies come out of hiding they nearly all have terrible reputations and a history of scamming.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
December 02, 2013, 10:00:20 PM
 #82

This thread is full of misinformed idiots attacking MPEx as a scam without understanding what it is.

"How is this possibly valued so high?" - It is a bitcoin based business which earns income in bitcoins and has a track record of surviving attacks by starting with strong security from the beginning. It earns income, pays dividends, gives monthly reports.

"Where is it possibly getting any income from?" - They publish reports every month detailing things like this. Go read the monthly report to find out. Registration fees, trading fees, option fees, etc.

"It costs 30 btc to sign up, why would anybody use it?" - People use it because it works. If you do not want to pay the 30 btc registration you can use a broker like CoinBr to avoid the registration fee.

"But it is trading at a PE of 97, why would anybody buy that?" - This is bitcoin, a deflating currency. For a steady company it makes sense for the yield to be very low, since you are gaining value on top of the bitcoin you started with. The only reason all the other stocks are trading at such low PE's is because of the huge risk factors. MPOE is seen by the market as being low risk, therefore there is a high PE. Also, people are buying in for the amazing potential future profits; there are just a few stocks listed now, but as the serious financial types from around the world get into the bitcoin space, more listings will be added.

Mpoe bagholder? You, like mpoe pr, are great at hurling insults without actually explaining anything. I can make a site with 50btc reg fees and claim it is because it works but without any evidence it is all bullshit.

I have actually come to a further understanding of how mpex.co works and please correct me if I'm wrong.

Mpoe recruits noobs to "invest" in mpex. After the noob pays 30btc to join this scheme he has 2 options. He can gamble against the infamous mpex robot and most likely lose or he could join the club and invest in s.mpoe and take part in collecting noobs losses. Profit is derived directly from the losses of idiot investors which were recruited to the site.

Totally legit 1 billion company amirite?
freethink2013
Full Member
***
Offline Offline

Activity: 224


View Profile
December 02, 2013, 10:05:04 PM
 #83

This thread is full of misinformed idiots attacking MPEx as a scam without understanding what it is.

"How is this possibly valued so high?" - It is a bitcoin based business which earns income in bitcoins and has a track record of surviving attacks by starting with strong security from the beginning. It earns income, pays dividends, gives monthly reports.

"Where is it possibly getting any income from?" - They publish reports every month detailing things like this. Go read the monthly report to find out. Registration fees, trading fees, option fees, etc.

"It costs 30 btc to sign up, why would anybody use it?" - People use it because it works. If you do not want to pay the 30 btc registration you can use a broker like CoinBr to avoid the registration fee.

"But it is trading at a PE of 97, why would anybody buy that?" - This is bitcoin, a deflating currency. For a steady company it makes sense for the yield to be very low, since you are gaining value on top of the bitcoin you started with. The only reason all the other stocks are trading at such low PE's is because of the huge risk factors. MPOE is seen by the market as being low risk, therefore there is a high PE. Also, people are buying in for the amazing potential future profits; there are just a few stocks listed now, but as the serious financial types from around the world get into the bitcoin space, more listings will be added.

Mpoe bagholder? You, like mpoe pr, are great at hurling insults without actually explaining anything. I can make a site with 50btc reg fees and claim it is because it works but without any evidence it is all bullshit.

I have actually come to a further understanding of how mpex.co works and please correct me if I'm wrong.

Mpoe recruits noobs to "invest" in mpex. After the noob pays 30btc to join this scheme he has 2 options. He can gamble against the infamous mpex robot and most likely lose or he could join the club and invest in s.mpoe and take part in collecting noobs losses. Profit is derived directly from the losses of idiot investors which were recruited to the site.

Totally legit 1 billion company amirite?


They don't give a fuck. As the old saying goes: Nobody ever went broke underestimating the intelligence of the American public.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
December 02, 2013, 10:05:32 PM
 #84

Sorry I'm not able to access your shitty blog and definately not going to pay 0.01 to read it.

Can you just answer simple questions? We want a number of users who payed the registration fee. A single number shouldn't be too hard to provide or even a rough estimate would do.

But linking your shitty blog expecting me to pay 0.01btc to wade though the nonsense is not going to happen.

I'm sorry, I cost 12 BTC a month. I don't entertain requests coming from 0.01 BTC noobs.

So you get paid 12btc per month to sit on your ass and insult people over the Internet? Damn. Living the life. I would have applied for the job knowing I would get paid to do nothing. Although I don't like to participate in scams for moral reasons I could use a new boat.

If mr popescu is looking for another troll to surf the forums and advertise/recruit wherever possible I would love to apply for the job. I could post twice as many insults as mpoe pr but honestly I doubt I could make mpex look as bad as your pr does even if I tried.
crumbs
Full Member
***
Offline Offline

Activity: 210



View Profile
December 02, 2013, 11:52:52 PM
 #85

...
Mpoe recruits noobs to "invest" in mpex. After the noob pays 30btc to join this scheme he has 2 options.
...

30BTC is $30k.
If MPex does indeed fleece people, it's not the poor & the downtrodden that get fleeced.  Thanks to the 30BTC fee.
Those who think it reasonable to part with $30k just to be able to start trading either don't need your financial advice or are beyond help.  So, what are you doing here?   
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
December 03, 2013, 04:14:10 AM
 #86

So you get paid 12btc per month to sit on your ass and insult people over the Internet? Damn. Living the life.

Not people. You.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
bitpop
Legendary
*
Offline Offline

Activity: 2114


https://keybase.io/bitpop


View Profile WWW
January 13, 2014, 02:12:24 PM
 #87

I don't know anything about this type of investing. But I do know I'm in the twilight zone. The pr avatar creeps the hell out of me, emporium gives me nightmares and his? name gives me chills.

I have no clue where I am or what this is. 30 btc to invest in bitbet? How the hell do you even register? There's just a creepy empty box with output html under it.

None of this makes sense. It's like I'm in a delirium. The avatar makes me feel like I'm on acid. I apologize if that's you pr girl. But the side view is chilling. And I see a nipple.

Mircea runs a weird ass poker blog that has points on the top right. This is from an insane asylum. And he has 724k btc?

Reputation  |  PGP  |  DigitalOcean  |  TorGuard  |  Ethereum Classic
Bitcoin: 3DSh6AnmvBpDJFUz2mnLirMLmTMcFs9nDm
Bitmessage: BM-2cXN9j8NFT2n1FxDVQ6HQq4D4MZuuaBFyb
bitpop
Legendary
*
Offline Offline

Activity: 2114


https://keybase.io/bitpop


View Profile WWW
January 13, 2014, 02:30:27 PM
 #88

MP's strategy seems to make it as hard as possible to actually invest. CoinBr is more accessible but still pretty austere.

The results are interesting though. The cost of an account (which includes CoinBr as you have to pay for it too, even if much cheaper and not at once) requires you to be quite rich ; this eliminates a lot of small investors, and the non-attractiveness eliminates noobs.

The MPEx securities are sadly one of the few here that are trying to be transparent, when the others do as much as possible to hide their expenses from the investors, which goes hand in hand with mindless cheerleading. (I had hopes for Neo & Bee but it looks like it won't happen.)

Still the low returns compared to prices — I don't care if you argue there is a reason, I'm just stating it's low — require you to invest a lot right away, you can't really just test the waters. And is it really that interesting compared to just holding BTC?

TL;DR everything sucks.

edit: Also her nose > her nipple.

None of it makes sense. There's only 3 stocks. Every other exchange closed but this one stays in business? None of it adds up. How do you even register? All I see is an empty box.

Reputation  |  PGP  |  DigitalOcean  |  TorGuard  |  Ethereum Classic
Bitcoin: 3DSh6AnmvBpDJFUz2mnLirMLmTMcFs9nDm
Bitmessage: BM-2cXN9j8NFT2n1FxDVQ6HQq4D4MZuuaBFyb
bitpop
Legendary
*
Offline Offline

Activity: 2114


https://keybase.io/bitpop


View Profile WWW
January 13, 2014, 02:39:13 PM
 #89

None of it makes sense. There's only 3 stocks. Every other exchange closed but this one stays in business? None of it adds up. How do you even register? All I see is an empty box.
3 stocks ran by the same guy, you can even say 1 if you want!
Why wouldn't it stay in business? Those that closed were mostly because of their own incompetence.

http://mpex.co/faq.html#3

Insane asylum, gpg is good otherwise.

Reputation  |  PGP  |  DigitalOcean  |  TorGuard  |  Ethereum Classic
Bitcoin: 3DSh6AnmvBpDJFUz2mnLirMLmTMcFs9nDm
Bitmessage: BM-2cXN9j8NFT2n1FxDVQ6HQq4D4MZuuaBFyb
Peter Lambert
Hero Member
*****
Offline Offline

Activity: 756

It's all fun and games until somebody loses an eye


View Profile
January 13, 2014, 03:33:44 PM
 #90

I don't know anything about this type of investing. But I do know I'm in the twilight zone. The pr avatar creeps the hell out of me, emporium gives me nightmares and his? name gives me chills.

I have no clue where I am or what this is. 30 btc to invest in bitbet? How the hell do you even register? There's just a creepy empty box with output html under it.

None of this makes sense. It's like I'm in a delirium. The avatar makes me feel like I'm on acid. I apologize if that's you pr girl. But the side view is chilling. And I see a nipple.

Mircea runs a weird ass poker blog that has points on the top right. This is from an insane asylum. And he has 724k btc?

Instead of using MPEx directly, you should use coinBR which is a broker. With just a few bitcoins worth of investments you should be able to cover the monthly account fee, if you have hundreds of bitcoins to invest then you should pay for the account directly on MPEx; if you want to invest less than a few bitcoins, get a job and save your money until you have a couple bitcoins.

Mircea's blog is not about poker, that is where all the monthly statements for the companies on MPEx are posted. Are there any other companies in the world which post GPG signed monthly financial statements? The rest of the stuff on the blog is sometimes interesting, sometimes not. The points in the top corner show how many view you have left before you have to pay to view more articles (you get a few free views per week).

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
bitpop
Legendary
*
Offline Offline

Activity: 2114


https://keybase.io/bitpop


View Profile WWW
January 13, 2014, 03:40:06 PM
 #91

Omg even the blog charges. Lol I'm not investing in his stock where he values his position at 700k btc with only 4% trading.

Reputation  |  PGP  |  DigitalOcean  |  TorGuard  |  Ethereum Classic
Bitcoin: 3DSh6AnmvBpDJFUz2mnLirMLmTMcFs9nDm
Bitmessage: BM-2cXN9j8NFT2n1FxDVQ6HQq4D4MZuuaBFyb
kakobrekla
Hero Member
*****
Offline Offline

Activity: 714


Psi laju, karavani prolaze.


View Profile
January 13, 2014, 05:37:44 PM
 #92

Omg even the blog charges. Lol I'm not investing in his stock where he values his position at 700k btc with only 4% trading.

You already lost most of your coins in 2011, so no worries there.

MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
January 13, 2014, 08:11:17 PM
 #93

I don't know anything about this type of investing.

I wouldn't stop there.

When confronted with something new you can pretty much either work to figure it out, or else invent various ill sensations and protestations in a lame attempt to insulate yourself from the reality that you're either too stupid or too lazy to figure it out. My wake is strewn with the penniless visages of those who figured the latter was the right choice.

MP's strategy seems to make it as hard as possible to actually invest.

There are plenty of things out there that'd be harder than having to interact with powerful, properly built tools without protection a few feet thick, y'know. And hard's not such a bad thing in the first place.


My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
Danglebee
Full Member
***
Offline Offline

Activity: 196


View Profile
January 13, 2014, 09:26:28 PM
 #94

What you say may be true when bitcoin value $3.
China join #bitcoin-asset to talk bitcoin ban with MP. ? or MP did ride donkey all way to China ?  MP busy talk with USA ? I make 10 posts you make 1000 posts. All posts you make worth less. you paid to talk.
He has bitcoin saved from years. Only expense donkey food, Ego make him mr bitcoin. no one care. Why he so rich he steal from bet ? You wake up one day.
save time do not reply. I go to google If i want auto-mated talk back.

You appearance is attractive. You have future get proper job. He end up make donkey show in Thailand for tourist.


MP is and has been the only major thing happening in BTC. See here, for instance.

MP says what's what and who's who. That's what he does.

jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 13, 2014, 10:23:03 PM
 #95

What you say may be true when bitcoin value $3.
China join #bitcoin-asset to talk bitcoin ban with MP. ? or MP did ride donkey all way to China ?  MP busy talk with USA ? I make 10 posts you make 1000 posts. All posts you make worth less. you paid to talk.
He has bitcoin saved from years. Only expense donkey food, Ego make him mr bitcoin. no one care. Why he so rich he steal from bet ? You wake up one day.
save time do not reply. I go to google If i want auto-mated talk back.

You appearance is attractive. You have future get proper job. He end up make donkey show in Thailand for tourist.


MP is and has been the only major thing happening in BTC. See here, for instance.

MP says what's what and who's who. That's what he does.

Even with broken english you still hit the nail on the head.

Side note: anyone want to invest in jimmothys options emporium? It offers all the features of mpoe but with only a 20btc registration fee! Give me your money or you're a poor noob.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 13, 2014, 10:34:54 PM
 #96

It offers all the features of mpoe
Does it?

When I decide to spend 15 minutes whipping up a site with no styling or user accessability then yes. How hard would it be to copy/paste the 1 or 2 features mpoe offers? Is there anything proprietary about the site?
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 13, 2014, 10:42:21 PM
 #97

MPEx is not a website… perhaps you should try to understand what you are talking about before creating threads about it.

Oh really? Mpex.co is not a website you say? Oh yea Its a scam that's what it is.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 13, 2014, 10:55:11 PM
 #98

In the sense that you don't use a web browser to use it.
You do understand that you can actually do stuff with it right?
Have you even looked at CoinBr? That's the "website" version. Can you write that in 15 minutes?
At least try to make sense.

Could make coinbr and mpex.co in half an hour probs. The fact that you don't use a web browser to partake in this scam doesn't change anything. And why would I pay someone to use this shitty service?

How hard would it be for mpex.co to set up their own site where you can trade securities with ease just like literally every stock trading site out there. But if they did that I'm sure the scam wouldn't work as well as it is supposedly working now.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 13, 2014, 11:06:35 PM
 #99

Do it then, I'll give you 20 BTC. I'll even give you a 15 hours.

So, now, are you going to take these easy 20 BTC or just admit entrapped yourself into some silly arguments?

You don't have 20btc to give and you know I'm not going to waste my time. My points from the OP still stand:

- nonfunctional service
- fees, fees, and more fees
- no value created from "securities" offered
- PR spam/trolling/advertising
- website from 1995
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 13, 2014, 11:11:46 PM
 #100

This board is amazing. Rather an admit any mistake, people brain damage themselves in public.

Totally brotato. You have proven me wrong and mpex isn't a complete scam asking noobs for 30btc with no chance of earning their money back..
davout
Legendary
*
Offline Offline

Activity: 1372


1davout


View Profile WWW
January 13, 2014, 11:16:17 PM
 #101

This board is amazing. Rather an admit any mistake, people brain damage themselves in public.

Totally brotato. You have proven me wrong and mpex isn't a complete scam asking noobs for 30btc with no chance of earning their money back..

No seriously, I'll open an account too if you manage to do what your big mouth said you would.
Get cracking now, or else in a year you'll look back and bang your head against the wall for turning down a 40 BTC for 15 hours of work salary.

Bokanovsky
Newbie
*
Offline Offline

Activity: 11



View Profile
January 14, 2014, 08:58:42 AM
 #102

Interesting thread for a change.

PR certainly gets points for the quirky, if tiresome, bluster, but Dr. Baldhauser MoPped up on substance. The éminence grise of "Bitcoin finance" is nothing more than a two bit gambler with a god complex? You're the man of the age, Mr. Merdle.
NanoAkron
Sr. Member
****
Offline Offline

Activity: 252


View Profile
January 14, 2014, 12:21:54 PM
 #103

Pankakke - show me an escrow with 20 BTC in it and I'll code it up myself.
pascal257
Sr. Member
****
Offline Offline

Activity: 471


View Profile
January 14, 2014, 01:35:06 PM
 #104

And I see a nipple.
Thank god I'm not the only one.
rini17
Sr. Member
****
Offline Offline

Activity: 340


GO http://bitcointa.lk !!! My new nick: jurov


View Profile WWW
January 14, 2014, 03:42:33 PM
 #105

Pankakke - show me an escrow with 20 BTC in it and I'll code it up myself.
I might throw something in the pot myself, such a prodigious talent deserves it Cheesy

Incidentally, just recently I have procured the MPEx manual, which you are free to use as specification: http://explo.yt/category/MPEx

CoinBr.com: First online MPEx brokerage launched beta! Easy to use interface and reasonable fees. Charts for MPEx stocks: live.coinbr.com * My Blog *
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
January 14, 2014, 04:02:24 PM
 #106

What you say may be true when bitcoin value $3.
China join #bitcoin-asset to talk bitcoin ban with MP. ? or MP did ride donkey all way to China ?  MP busy talk with USA ? I make 10 posts you make 1000 posts. All posts you make worth less. you paid to talk.
He has bitcoin saved from years. Only expense donkey food, Ego make him mr bitcoin. no one care. Why he so rich he steal from bet ? You wake up one day.
save time do not reply. I go to google If i want auto-mated talk back.

You appearance is attractive. You have future get proper job. He end up make donkey show in Thailand for tourist.

You can see here on the topic of just how US-centered MP is. Especially around where it says "I can deal just as well with Chinese investors, Bitcoin is completely neutral from a cultural perspective. This neutrality means that cultures will have to compete. So far the US is losing this competition at this level."

That was April 2013. Compare and contrast with your forum registration date.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
Draino
Full Member
***
Offline Offline

Activity: 168



View Profile
January 14, 2014, 06:04:53 PM
 #107

Apparently I'm a victim of poor breeding (or other sassy insult)--because looking over the MPEX "manual" and site--I'm reminded of an AOL chat bot I may have thrown together in a weekend when I was 14, first learning to program with visual basic, albeit with GPG thrown in.  And lots and lots of words using cryptic language to say very very little.

I'd say the setup is designed to mesmerize potential users, making them invest lots of time (that old chestnut), and confuse them into losing their BTC; all-the-while awarding a sense of superiority.

I don't know a damn thing about options markets though, so clearly my feeble mind is unable to blah blah blah
Peter Lambert
Hero Member
*****
Offline Offline

Activity: 756

It's all fun and games until somebody loses an eye


View Profile
January 14, 2014, 06:24:09 PM
 #108

Apparently I'm a victim of poor breeding (or other sassy insult)--because looking over the MPEX "manual" and site--I'm reminded of an AOL chat bot I may have thrown together in a weekend when I was 14, first learning to program with visual basic, albeit with GPG thrown in.  And lots and lots of words using cryptic language to say very very little.

I'd say the setup is designed to mesmerize potential users, making them invest lots of time (that old chestnut), and confuse them into losing their BTC; all-the-while awarding a sense of superiority.

I don't know a damn thing about options markets though, so clearly my feeble mind is unable to blah blah blah

You are setting yourself up for insult?

I glanced at the MPEX manual, I do not see any cryptic language? It seems to me that is a direct, succinct explanation of how to use MPEx? People keep saying MPEx is hard to use, but this shows all the important points in just a few small pages. As with any well-made computer program, most of the complexity is hidden from the user.

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
January 14, 2014, 07:09:54 PM
 #109

I'd say the setup is designed to mesmerize potential users, making them invest lots of time (that old chestnut), and confuse them into losing their BTC; all-the-while awarding a sense of superiority.

It's remarkable how exactly backwards your brain interprets what it sees.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 14, 2014, 10:37:27 PM
 #110

Apparently I'm a victim of poor breeding (or other sassy insult)--because looking over the MPEX "manual" and site--I'm reminded of an AOL chat bot I may have thrown together in a weekend when I was 14, first learning to program with visual basic, albeit with GPG thrown in.  And lots and lots of words using cryptic language to say very very little.

I'd say the setup is designed to mesmerize potential users, making them invest lots of time (that old chestnut), and confuse them into losing their BTC; all-the-while awarding a sense of superiority.

I don't know a damn thing about options markets though, so clearly my feeble mind is unable to blah blah blah

You are setting yourself up for insult?

I glanced at the MPEX manual, I do not see any cryptic language? It seems to me that is a direct, succinct explanation of how to use MPEx? People keep saying MPEx is hard to use, but this shows all the important points in just a few small pages. As with any well-made computer program, most of the complexity is hidden from the user.

As someone who clearly advocates and uses mpex.co maybe you can tell me and everyone else what the fuck they do? And no im not going to read some bullshit blog posts designed to confuse and deceive.

Seriously what does mpex.co do? Havelock is for trading stocks. If you cant explain what mpex.co does in one short sentence that normal humans who speak normal english can understand then you instantly know it is bullshit.

Most of this "complexity" in any real computer program has a purpose and a function. What is the function of mpex.co?

Mpex is a disfunctional/inconvenient/obsolete service which is guaranteed to implode when idiots stop piling money in to the scam and all the rich kids pull out their coins.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 14, 2014, 10:52:57 PM
 #111

Seriously what does mpex.co do? Havelock is for trading stocks. If you cant explain what mpex.co does in one short sentence that normal humans who speak normal english can understand then you instantly know it is bullshit.
lol
We pretty much assumed you at least understood that... you can trade stocks on MPEx. It's an exchange. That's what it is for. Even on the web page, http://mpex.co/, you can see that:
STOCKS
FUTURES
OPTIONS

Can this get more surrealist?

So more specifically:
1 stock
Futures(can be traded without ridiculous fees many other places)
And options(gambling)


Maybe you can see why this "service" is such a joke now? After being the "oldest and most successful security exchange" you would think they would have more to show than a single stock and a few other non-proprietary features.

How can you justify 30btc and having to put up with extremely inconvenient trading and user interface? Its complete nonsense. Ill stick with havelock where securities are actually traded.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 14, 2014, 11:04:56 PM
 #112

You're again changing the subject, the matters of price have been talked about previously. How could you write in this thread if you didn't even understand what MPEx was doing?

I was not sure I understood fully what mpex.co did other than stocks/options/futures. I thought for sure there would be some feature I missed which makes it worth 30btc e
registration fees or 1 billion usd total evaluation. Now it is clear that mpex.co is a complete scam.

Topic has not changed. Mpex.co is still a joke of a website/service and I have no doubt it will go absolutely nowhere but downhill in the future.

Actually useful websites like crypto-trade or havelock as well as coloured coins will continue to gain traction as this shitty scheme dies out.
Sydboy
Full Member
***
Offline Offline

Activity: 196


View Profile
January 14, 2014, 11:23:46 PM
 #113

Are my eyes deceiving me.  The fee to join is 30 Bitcoins ?
Zae
Member
**
Offline Offline

Activity: 70


View Profile
January 14, 2014, 11:34:37 PM
 #114

Are my eyes deceiving me.  The fee to join is 30 Bitcoins ?

No the fee is 30 BTC to keep you out.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 14, 2014, 11:41:15 PM
 #115

Are my eyes deceiving me.  The fee to join is 30 Bitcoins ?

Eyes functioning as normal. 30,000 usd to join a scheme which has no sources of revenue besides the 30btc reg fee and whatever is made from the losses of its users. Literally just handing money over to mpoe and hoping some more rich idiots join the scheme later on and lose their money gambling on the site with futures/options.

Totally legit business. Deserves to be up in the finance hall of fame with JP Morgan..
Duffer1
Full Member
***
Offline Offline

Activity: 227



View Profile
January 15, 2014, 12:29:28 AM
 #116

Eyes functioning as normal. 30,000 usd to join a scheme which has no sources of revenue besides the 30btc reg fee and whatever is made from the losses of its users. Literally just handing money over to mpoe and hoping some more rich idiots join the scheme later on and lose their money gambling on the site with futures/options.

Totally legit business. Deserves to be up in the finance hall of fame with JP Morgan..

Hello Sir,

Would you like to wiggle?

wiggle wiggle
pascal257
Sr. Member
****
Offline Offline

Activity: 471


View Profile
January 15, 2014, 12:59:03 AM
 #117

Are my eyes deceiving me.  The fee to join is 30 Bitcoins ?

Eyes functioning as normal. 30,000 usd to join a scheme which has no sources of revenue besides the 30btc reg fee and whatever is made from the losses of its users. Literally just handing money over to mpoe and hoping some more rich idiots join the scheme later on and lose their money gambling on the site with futures/options.

Totally legit business. Deserves to be up in the finance hall of fame with JP Morgan..
He has some legit points. S.MPOE is de facto the only stock traded on MPEx and with about 80% of total income the registration fee is the main source of income of S.MPOE. But it's not completely a snow ball system because you don't even get anything for paying the ridiculous fee, you have to invest even more to take part of the scheme/system.

The only one who benefits is Mircea and maybe his PR slave, who are laughing their asses off of this thread.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 15, 2014, 01:07:46 AM
 #118

Are my eyes deceiving me.  The fee to join is 30 Bitcoins ?

Eyes functioning as normal. 30,000 usd to join a scheme which has no sources of revenue besides the 30btc reg fee and whatever is made from the losses of its users. Literally just handing money over to mpoe and hoping some more rich idiots join the scheme later on and lose their money gambling on the site with futures/options.

Totally legit business. Deserves to be up in the finance hall of fame with JP Morgan..
He has some legit points. S.MPOE is de facto the only stock traded on MPEx and with about 80% of total income the registration fee is the main source of income of S.MPOE. But it's not completely a snow ball system because you don't even get anything for paying the ridiculous fee, you have to invest even more to take part of the scheme/system.

Forget about the fact that registration fees are the biggest source of income aside from the occasional gambling bot win. If mpoe makes a shitload off of its users losses you wont get a portion of the winnings even if you are one of the rich kids partaking in the scheme. Something like 85% of all shares are held by Mr Popescu himself. Don't forget that this "PR" person is payed 12btc/month to spam this forum. Around 10% of last months dividends went directly to MPOE PR. Solid investment if you ask me...
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 15, 2014, 01:52:45 AM
 #119

the registration fee is the main source of income of S.MPOE
That is highly incorrect. Read the financial statements, not the drivel of brain damaged people Wink

Not that paying the fee is required, but you know, that has been said already on the previous pages, which jimmothy ignores again just because he thinks being stubborn doesn't make him look like a fool.

Maybe you should read the financial statements. Here ill even quote it for you:

Quote
Revenue : 148.50221920 BTC, of which :Revenue from sales fee : 28.50221920 BTC (Total trade : 14`251.10960213 BTC)

Revenue from new accounts : 120 BTC

Expenditure : 12 BTC, of which :PR, 12 BTCiiProfit : 136.50221920

BTCShareholders table

Total shares : 1`000`000`000, of which :Mircea Popescu, 838`284`714 shares,

Third parties 161`715`286 shares.

Total dividend : 136.50221920 BTC

I love how just about all of your insults apply to yourself..

And just because you can buy shares through some guy who has paid the fee, doesn't mean you can use mpex without paying the fee.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 15, 2014, 01:57:52 AM
 #120

Look at the previous months.

The ones where users (gamblers) lost huge or won huge?

Or the ones when btc was $5 a piece?

Just admit it.. you invested in a scam
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 15, 2014, 02:02:08 AM
 #121

Look at the previous months dumbass.

You bought HIF; your brain-damageness isn't debatable. But you can still redeem yourself by at least admitting you were wrong on simple facts. Say, "MPOE is overvalued" is an opinion, you're entitled to have it, and I won't challenge it because I really don't care nor think it is false. But most of what you said in this thread is simply grossly incorrect and you show absolutely no will to actually understand what you are trying to talk about.


I never bought HIF as I said I thought it was over evaluated.

If Mpoe was just over evaluated I would not be calling it a scam. It is a scam because it relies on deception, recruitment of idiots, and its users losses to make a profit.

When mpoe can make a dime without one of its users losing a dime, ill be impressed.

This is all just an overly complicated game with real money that ends up in mr popescus wallet.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 15, 2014, 02:34:51 AM
 #122

My favorite quote from mpex
Quote

I understand that I will be required to pay 30 BTC as fees for registering this account, and I agree and promise to do so" or your email will be discarded unread. This is unfortunately necessary because idiots


Shouldn't it be changed to "this is necessary because dividends. ~85% of which are mr popescus"
User705
Hero Member
*****
Offline Offline

Activity: 728



View Profile
January 15, 2014, 04:51:02 AM
 #123

I always thought pirateat40, bfl, and numerous others were much bigger scams but now I see through your eloquent and factual words that MPeX is THE BIGGEST SCAM IN BITCOIN HISTORY.   Roll Eyes
Danglebee
Full Member
***
Offline Offline

Activity: 196


View Profile
January 15, 2014, 07:49:11 AM
 #124

He make opinion 9 month later who care. he not agree or allow. he give person opinion.
You make smart reply. No one read. No one ever tell us praise for you. Always scam complain.
No one care what you talk, you paid to lie. All profit is made from scam. We see report.
I go on IRC longer than you false god. i know who know. You learn one day business happen outside #bitcoin-asset. You run out of defence month and month ago. now resort to insult. We all see. It not make respect for you. why here you on forum if to smart for users ?





What you say may be true when bitcoin value $3.
China join #bitcoin-asset to talk bitcoin ban with MP. ? or MP did ride donkey all way to China ?  MP busy talk with USA ? I make 10 posts you make 1000 posts. All posts you make worth less. you paid to talk.
He has bitcoin saved from years. Only expense donkey food, Ego make him mr bitcoin. no one care. Why he so rich he steal from bet ? You wake up one day.
save time do not reply. I go to google If i want auto-mated talk back.

You appearance is attractive. You have future get proper job. He end up make donkey show in Thailand for tourist.

You can see here on the topic of just how US-centered MP is. Especially around where it says "I can deal just as well with Chinese investors, Bitcoin is completely neutral from a cultural perspective. This neutrality means that cultures will have to compete. So far the US is losing this competition at this level."

That was April 2013. Compare and contrast with your forum registration date.

MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
January 15, 2014, 12:16:21 PM
 #125

I always thought pirateat40, bfl, and numerous others were much bigger scams but now I see through your eloquent and factual words that MPeX is THE BIGGEST SCAM IN BITCOIN HISTORY.   Roll Eyes

Eloquence. An Interwebs phenomenon.  Grin

He make opinion 9 month later who care. he not agree or allow. he give person opinion.
You make smart reply. No one read. No one ever tell us praise for you. Always scam complain.
No one care what you talk, you paid to lie. All profit is made from scam. We see report.
I go on IRC longer than you false god. i know who know. You learn one day business happen outside #bitcoin-asset. You run out of defence month and month ago. now resort to insult. We all see. It not make respect for you. why here you on forum if to smart for users ?

Are you Rpietilla?

Gotta admit you goons are a lot more entertaining than the scammers on this forum. I guess selflessness has its good parts.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
Peter Lambert
Hero Member
*****
Offline Offline

Activity: 756

It's all fun and games until somebody loses an eye


View Profile
January 21, 2014, 03:39:57 PM
 #126

So... anybody know why S.MPOE just jumped up 20% today? Was there some big news that I missed?

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
Akka
Legendary
*
Offline Offline

Activity: 1148



View Profile
January 21, 2014, 03:44:59 PM
 #127

So... anybody know why S.MPOE just jumped up 20% today? Was there some big news that I missed?

http://arstechnica.com/information-technology/2014/01/openbsd-rescued-from-unpowered-oblivion-by-20k-bitcoin-donation/

People expect a price rise due to the attention of MPEX being in the News? (Inflow of New Investors)

All previous versions of currency will no longer be supported as of this update
Draino
Full Member
***
Offline Offline

Activity: 168



View Profile
January 21, 2014, 03:58:27 PM
 #128

MP better be careful, this type of move may be considered a form of compassion, destroying the image he's worked so hard for


although it wouldn't surprise me to see this deducted as a shareholder expense
Peter Lambert
Hero Member
*****
Offline Offline

Activity: 756

It's all fun and games until somebody loses an eye


View Profile
January 21, 2014, 04:08:55 PM
 #129

So... anybody know why S.MPOE just jumped up 20% today? Was there some big news that I missed?

http://arstechnica.com/information-technology/2014/01/openbsd-rescued-from-unpowered-oblivion-by-20k-bitcoin-donation/


Wow, 20k bitcoin donation, that is pretty generous ... wait a minute ... the article title is actually $20k bitcoins, that is still pretty generous but much less extraordinary.

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
bitpop
Legendary
*
Offline Offline

Activity: 2114


https://keybase.io/bitpop


View Profile WWW
January 21, 2014, 04:34:10 PM
 #130

He's still a die hard racist http://trilema.com/2012/the-nigger-homeowners-and-other-niggers/

Reputation  |  PGP  |  DigitalOcean  |  TorGuard  |  Ethereum Classic
Bitcoin: 3DSh6AnmvBpDJFUz2mnLirMLmTMcFs9nDm
Bitmessage: BM-2cXN9j8NFT2n1FxDVQ6HQq4D4MZuuaBFyb
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 21, 2014, 05:18:45 PM
 #131


The more you learn about mr p and his scheme the more you realize what an embarrassment he is.

Pankakke you are embarrasing yourself defending a scammer.

This reddit post sums it up nicely.
http://www.reddit.com/r/Bitcoin/comments/1k5x8e/
bitpop
Legendary
*
Offline Offline

Activity: 2114


https://keybase.io/bitpop


View Profile WWW
January 21, 2014, 05:33:39 PM
 #132

Man some psychopathic shit goes down on irc. It's like the channel is tainted with virtual acid. Pirate40 hung out with him to so did Matthew Wright

Reputation  |  PGP  |  DigitalOcean  |  TorGuard  |  Ethereum Classic
Bitcoin: 3DSh6AnmvBpDJFUz2mnLirMLmTMcFs9nDm
Bitmessage: BM-2cXN9j8NFT2n1FxDVQ6HQq4D4MZuuaBFyb
kakobrekla
Hero Member
*****
Offline Offline

Activity: 714


Psi laju, karavani prolaze.


View Profile
January 21, 2014, 05:57:05 PM
 #133


The more you learn about mr p and his scheme the more you realize what an embarrassment he is.

Pankakke you are embarrasing yourself defending a scammer.

Man some psychopathic shit goes down on irc. It's like the channel is tainted with virtual acid. Pirate40 hung out with him to so did Matthew Wright

Bahahaha, the shit people can come up with, omg. When will bitcointalk start charging for such comedy, quality material should not be free.

davout
Legendary
*
Offline Offline

Activity: 1372


1davout


View Profile WWW
January 21, 2014, 06:21:39 PM
 #134


The more you learn about mr p and his scheme the more you realize what an embarrassment he is.

Pankakke you are embarrasing yourself defending a scammer.

Man some psychopathic shit goes down on irc. It's like the channel is tainted with virtual acid. Pirate40 hung out with him to so did Matthew Wright

Bahahaha, the shit people can come up with, omg. When will bitcointalk start charging for such comedy, quality material should not be free.

Oh look, a bitbet shill !

Peter Lambert
Hero Member
*****
Offline Offline

Activity: 756

It's all fun and games until somebody loses an eye


View Profile
January 21, 2014, 06:38:11 PM
 #135


The more you learn about mr p and his scheme the more you realize what an embarrassment he is.

Pankakke you are embarrasing yourself defending a scammer.

Man some psychopathic shit goes down on irc. It's like the channel is tainted with virtual acid. Pirate40 hung out with him to so did Matthew Wright

Bahahaha, the shit people can come up with, omg. When will bitcointalk start charging for such comedy, quality material should not be free.

Oh look, a bitbet shill !

Are you a shill if you are promoting your own company? I thought a shill was somebody who pretends to be an unbiased outsider?

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 21, 2014, 06:52:37 PM
 #136

Pankakke you are embarrasing yourself defending a scammer.
Repeating "scammer", or now "racist" (what a racist, he said nigger!), without an ounce of proof or understanding is embarrassing yourself. The amount of reddit or slashdot posts you will make do not change reality.

This thread is quite emblematic in the embarrassing yourself variety, where you show no understanding of what you are criticizing, and are constantly changing your tune; basically, you want to hate the guy, but you don't have a good reason why, and thus will spout nonsense all the time.

I love it how the only people who don't think mpex is a complete scam are people who benefit from the scam or nerds who have never ventured outside of their favorite bitcoin chat room.

There is a reason there are no real stocks listed on mpex and never will be. There is a reason no other real world exchange or business operates like mpex.

So with mr p 100k btc richer and his users 100k btc poorer please tell me how this is a legit service.

Its really just an overly complicated way of gambling which is designed to funnel money to mr popescus wallet. You might as well pay 30btc to play monopoly with real money as it would have the same end result of producing no value but shifting money from one hand to the other. At least monopoly doesn't take 85% of your profits should you win the game.

Mpex is simply a clever scheme designed to take money from early adopters or rich idiots who know nothing about real world finance.
kakobrekla
Hero Member
*****
Offline Offline

Activity: 714


Psi laju, karavani prolaze.


View Profile
January 21, 2014, 06:58:27 PM
 #137


The more you learn about mr p and his scheme the more you realize what an embarrassment he is.

Pankakke you are embarrasing yourself defending a scammer.

Man some psychopathic shit goes down on irc. It's like the channel is tainted with virtual acid. Pirate40 hung out with him to so did Matthew Wright

Bahahaha, the shit people can come up with, omg. When will bitcointalk start charging for such comedy, quality material should not be free.

Oh look, a bitbet shill !

Are you a shill if you are promoting your own company? I thought a shill was somebody who pretends to be an unbiased outsider?

Lol, careful there, don't make me spill my coffee. Anyway, Peter Lambert, its a joke with a reference to snackmans delusions.

Duffer1
Full Member
***
Offline Offline

Activity: 227



View Profile
January 21, 2014, 09:05:18 PM
 #138

Oh good.  This thread again.

Quote
There is a reason there are no real stocks listed on mpex and never will be. There is a reason no other real world exchange or business operates like mpex.

Real compared to what?  Are you criticizing MPEx for not listing every scam that comes across it's doorstep like Havelock and Cryptostocks?
NanoAkron
Sr. Member
****
Offline Offline

Activity: 252


View Profile
January 21, 2014, 09:17:39 PM
 #139

Oh good.  This thread again.

Quote
There is a reason there are no real stocks listed on mpex and never will be. There is a reason no other real world exchange or business operates like mpex.

Real compared to what?  Are you criticizing MPEx for not listing every scam that comes across it's doorstep like Havelock and Cryptostocks?


Havelock currently lists 17 stocks, giving 14 unique offerings. Around 6-7 of these are for mining companies, 2 are for banking operations and 1 is for an investment fund into a package of bitcoin startups.

Almost every one of these offerings is doing more for the world of bitcoin than the 4 stocks on MPEx. And none of them funnel money directly into the pocket of the owner of the exchange.
kakobrekla
Hero Member
*****
Offline Offline

Activity: 714


Psi laju, karavani prolaze.


View Profile
January 21, 2014, 09:29:12 PM
 #140


Havelock currently lists 17 stocks, giving 14 unique offerings. Around 6-7 of these are for mining companies, 2 are for banking operations and 1 is for an investment fund into a package of bitcoin startups.


Well, GLBSE had ~100 stocks scams, ~BTCTC 50, lets say the same for Bitfunder (numbers approximate, made up).
How well did that work out?


Quote
16:09:08 VanCleef: will you be listing other companies on mpex from other people in the future?
16:10:09 Apocalyptic: just wondering, does one need to have an mpex account to issue shares/bonds on mpex ?
16:10:59 mircea_popescu: of course, once people actually worth listing spring up
16:11:02 jurov: lol Apocalyptic how else would you pay dividends?
16:11:06 mircea_popescu: people were asking the same q before nsa say.
16:11:44 VanCleef: okey cool at least you are open to it
16:11:58 VanCleef: i guess nothing from other people has impressed you yet
16:12:16 mircea_popescu: its really not my fault that people with a clue are few and far between whereas "enthusiastic" muppets make up the mass of btc followers.

taken from http://log.bitcoin-assets.com/?date=12-01-2014#443425

jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 21, 2014, 09:53:08 PM
 #141

Oh good.  This thread again.

Quote
There is a reason there are no real stocks listed on mpex and never will be. There is a reason no other real world exchange or business operates like mpex.

Real compared to what?  Are you criticizing MPEx for not listing every scam that comes across it's doorstep like Havelock and Cryptostocks?


Keep pretending the reason mpex has so few stocks is because there are too many scams. Maybe the reason they don't have any real stocks after a few years of operating is because they are full of shit and don't offer a useful stock trading service.

Havelock does not list every stock that comes to its doorstep. It does have requirements and decent procedures to prevent scams. Cryptostocks does list just about every project/scam that shows up at its doorstep but at least there are projects showing up.

Major difference between mpex and other exchanges is that we actually use havelock and Cryptostocks to trade securities while mpex is used to gamble and or make mr pope rich.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 21, 2014, 09:56:12 PM
 #142

Funny how people outside of bitcoin assets who live in the real world tend to agree that mpex is a scam/bullshit
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 21, 2014, 10:00:48 PM
 #143


Havelock currently lists 17 stocks, giving 14 unique offerings. Around 6-7 of these are for mining companies, 2 are for banking operations and 1 is for an investment fund into a package of bitcoin startups.


Well, GLBSE had ~100 stocks scams, ~BTCTC 50, lets say the same for Bitfunder (numbers approximate, made up).
How well did that work out?


Quote
16:09:08 VanCleef: will you be listing other companies on mpex from other people in the future?
16:10:09 Apocalyptic: just wondering, does one need to have an mpex account to issue shares/bonds on mpex ?
16:10:59 mircea_popescu: of course, once people actually worth listing spring up
16:11:02 jurov: lol Apocalyptic how else would you pay dividends?
16:11:06 mircea_popescu: people were asking the same q before nsa say.
16:11:44 VanCleef: okey cool at least you are open to it
16:11:58 VanCleef: i guess nothing from other people has impressed you yet
16:12:16 mircea_popescu: its really not my fault that people with a clue are few and far between whereas "enthusiastic" muppets make up the mass of btc followers.

taken from http://log.bitcoin-assets.com/?date=12-01-2014#443425

I completely forgot that everyone in bitcoin assets is a pro financier and should be taken seriously. I also forgot that mr popescu is the all mighty security god and he is the ultimate decider of good and bad stocks.

For a second I thought I was here to trade stocks, but now I know I need to first get mr popescus permission and approval before doing so. How is humble little me supposed to know what is a scam without a magic crystal ball and incredible intelligence like mr p?

/s

2 years from now mpex will either have imploded or will have not listed even a single additional real stock. It's not because there are no good stocks available, just none that want to use such a bullshit service as mpex.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 21, 2014, 10:04:30 PM
 #144

Funny how people outside of bitcoin assets who live in the real world tend to agree that mpex is a scam/bullshit
reddit karma does not cost anything - interesting, don't you think?

Really just means that a decent amount of people agree with the statement that mpex is bullshit. I am not saying reddit is full of geniuses but it doesnt take one to understand this scheme.
kakobrekla
Hero Member
*****
Offline Offline

Activity: 714


Psi laju, karavani prolaze.


View Profile
January 21, 2014, 10:12:16 PM
 #145

I completely forgot that everyone in bitcoin assets is a pro financier and should be taken seriously.

No worries, its natural, people forget sometimes.

jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 21, 2014, 10:22:35 PM
 #146

Funny how people outside of bitcoin assets who live in the real world tend to agree that mpex is a scam/bullshit
reddit karma does not cost anything - interesting, don't you think?

And since you've read this thread, you at least have found that:
statement 1 is incorrect: 30 BTC and goes to MPOE
statement 2 is incomplete: it has futures and options, options which are actually most of MPOE's revenue
statement 3 is correct
statement 4 is... what does it mean?

So indeed, you can gain reddit karma by saying things that are blatantly misinformed. Go get some more karma, then.

I see only 1 incorrect number being the registration fee. Statement 4 means that when you look through the bullshit and games, mpex does not create real world value. For example asicminer creates hardware people want to buy and sells them for a profit.

Some could argue Mpex creates value by offering a way to gamble with options/futures or invest on the house (85% which will always be mr ps portion)

If there was no 30btc reg fee, mr popescus didnt own such a ridiculous majority of shares, and the pr bullshit stops then maybe I would consider it an actual service and not a complete scam. Maybe then some real projects might consider using their service to trade their stocks on. But this wont happen because mpex is not designed to function as a useful exchange but a tool to scam noobs.
Duffer1
Full Member
***
Offline Offline

Activity: 227



View Profile
January 21, 2014, 10:22:48 PM
 #147

Havelock currently lists 17 stocks, giving 14 unique offerings. Around 6-7 of these are for mining companies, 2 are for banking operations and 1 is for an investment fund into a package of bitcoin startups.

Almost every one of these offerings is doing more for the world of bitcoin than the 4 stocks on MPEx. And none of them funnel money directly into the pocket of the owner of the exchange.

They make their money by collaborating with unscrupulous "CEOs" that IPO outrageously overpriced/inept/incomplete/non-existent/non-tangible ideas that somehow get labeled "assets" (as opposed to liabilities).

Homework assignment:  List every Havelock 'asset' that is currently trading above IPO price.  The market is trying to tell you something.

jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 21, 2014, 10:27:55 PM
 #148

Havelock currently lists 17 stocks, giving 14 unique offerings. Around 6-7 of these are for mining companies, 2 are for banking operations and 1 is for an investment fund into a package of bitcoin startups.

Almost every one of these offerings is doing more for the world of bitcoin than the 4 stocks on MPEx. And none of them funnel money directly into the pocket of the owner of the exchange.

They make their money by collaborating with unscrupulous "CEOs" that IPO outrageously overpriced/inept/incomplete/non-existent/non-tangible ideas that somehow get labeled "assets" (as opposed to liabilities).

Homework assignment:  List every Havelock 'asset' that is currently trading above IPO price.  The market is trying to tell you something.



Asicminer, HIF, neobee, SFI are all trading at or above ipo. It is nice to have the option to look through multiple real world projects and decide on your own whether to invest or not. And I don't even need to pay 30btc!

You do know that havelock has pretty strict requirements for listing a stock right? Also is there anything tangible regarding mpex?
Duffer1
Full Member
***
Offline Offline

Activity: 227



View Profile
January 21, 2014, 10:39:23 PM
 #149

Keep pretending the reason mpex has so few stocks is because there are too many scams.

I include terrible IPO cash grabs in my definition of: "scam."  Actually, imo, Havelock has less "useful" projects than MPEx: Neo & Bee on Havelock; S.BBET & S.NSA on MPEx (profitability to be determined).

Quote
Havelock does not list every stock that comes to its doorstep. It does have requirements and decent procedures to prevent scams.

*cough*VTXlabcoinMintsparePetaDealCoCBTC*cough* *coughmoar*kenilworthtobelistedonhavelocksoonLOL*hack*
bitpop
Legendary
*
Offline Offline

Activity: 2114


https://keybase.io/bitpop


View Profile WWW
January 21, 2014, 10:43:00 PM
 #150

[PRE IPO] Looking for IPO - Attention MPOE MPEX MPOE-PR
https://bitcointalk.org/index.php?topic=426406.0

Reputation  |  PGP  |  DigitalOcean  |  TorGuard  |  Ethereum Classic
Bitcoin: 3DSh6AnmvBpDJFUz2mnLirMLmTMcFs9nDm
Bitmessage: BM-2cXN9j8NFT2n1FxDVQ6HQq4D4MZuuaBFyb
kakobrekla
Hero Member
*****
Offline Offline

Activity: 714


Psi laju, karavani prolaze.


View Profile
January 21, 2014, 10:46:36 PM
 #151

[PRE IPO] Looking for IPO - Attention MPOE MPEX MPOE-PR
https://bitcointalk.org/index.php?topic=426406.0

Why would you want to list at some exchange which is ran by hard psychopathic racist guy who also hang out with Pirate and MNW?

Boggles my mind!

bitpop
Legendary
*
Offline Offline

Activity: 2114


https://keybase.io/bitpop


View Profile WWW
January 21, 2014, 10:47:38 PM
 #152

[PRE IPO] Looking for IPO - Attention MPOE MPEX MPOE-PR
https://bitcointalk.org/index.php?topic=426406.0

Why would you want to list at some exchange which is ran by hard psychopathic racist guy who also hang out with Pirate and MNW?

Boggles my mind!

Money is money and at least my business will bring in real revenue

Reputation  |  PGP  |  DigitalOcean  |  TorGuard  |  Ethereum Classic
Bitcoin: 3DSh6AnmvBpDJFUz2mnLirMLmTMcFs9nDm
Bitmessage: BM-2cXN9j8NFT2n1FxDVQ6HQq4D4MZuuaBFyb
kakobrekla
Hero Member
*****
Offline Offline

Activity: 714


Psi laju, karavani prolaze.


View Profile
January 21, 2014, 10:49:20 PM
 #153

[PRE IPO] Looking for IPO - Attention MPOE MPEX MPOE-PR
https://bitcointalk.org/index.php?topic=426406.0

Why would you want to list at some exchange which is ran by hard psychopathic racist guy who also hang out with Pirate and MNW?

Boggles my mind!

Money is money and at least my business will bring in real revenue

Meh, not even funny.

jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 21, 2014, 10:51:08 PM
 #154

Keep pretending the reason mpex has so few stocks is because there are too many scams.

I include terrible IPO cash grabs in my definition of: "scam."  Actually, imo, Havelock has less "useful" projects than MPEx: Neo & Bee on Havelock; S.BBET & S.NSA on MPEx (profitability to be determined).

Quote
Havelock does not list every stock that comes to its doorstep. It does have requirements and decent procedures to prevent scams.

*cough*VTXlabcoinMintsparePetaDealCoCBTC*cough* *coughmoar*kenilworthtobelistedonhavelocksoonLOL*hack*

Quote
Major difference between mpex and other exchanges is that we actually use havelock and Cryptostocks to trade securities while mpex is used to gamble and or make mr pope rich.

The difference is suckers use other exchanges to shrink their portfolios be large amounts.  True this is the trend with nearly all BTC "investing,"  at least MP has built a platform to enable financing of projects (should they appear) that are more than cash grabs and MBA bullshit.

You're not wrong about futures gambling, but can a currency even be 'real' without the ability to short it?  

Havelock having "terrible ipo cash grabs" is your opinion and you are entitled to that but I happen to disagree. Although I have stated before I believe HIF is overpriced doesn't mean its a scam. There is a chance that many stocks on havelock succeed as well as fail but its not havelocks job to decide which is good and bad. They offer a nice platform for trading stocks and people use it because it works as advertised.

Mpex has built a solid system security wise no doubt. But it is far from practical or useful. Why would a stock want to list on mpex for 30btc vs another exchange for much less?

Also how does mp prevent scams? Is it because mp chooses not to list what he does not feel is a good investment or is it because no projects want to use his exchange?
bitpop
Legendary
*
Offline Offline

Activity: 2114


https://keybase.io/bitpop


View Profile WWW
January 21, 2014, 10:55:44 PM
 #155

[PRE IPO] Looking for IPO - Attention MPOE MPEX MPOE-PR
https://bitcointalk.org/index.php?topic=426406.0

Reputation  |  PGP  |  DigitalOcean  |  TorGuard  |  Ethereum Classic
Bitcoin: 3DSh6AnmvBpDJFUz2mnLirMLmTMcFs9nDm
Bitmessage: BM-2cXN9j8NFT2n1FxDVQ6HQq4D4MZuuaBFyb
kakobrekla
Hero Member
*****
Offline Offline

Activity: 714


Psi laju, karavani prolaze.


View Profile
January 21, 2014, 10:57:01 PM
 #156

[PRE IPO] Looking for IPO - Attention MPOE MPEX MPOE-PR
https://bitcointalk.org/index.php?topic=426406.0

So now you are a spammer?

jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 21, 2014, 11:05:00 PM
 #157

Asicminer
True. That business didn't start with Havelock, nor is exclusive to it, though.
It is however exclusive non-mpex exchanges
Quote
Quote
HIF
False. IPO did not finish but they don't seem to want to sell more. You don't get a higher part of the profits though.
Quote
neobee
False, and the IPO isn't finished, they have millions of direct shares for share.

Quote
SFI
False. Stopped following at that time, so I don't know if they finished the IPO.

Quote
And I don't even need to pay 30btc!
Stop with the bullshit already; it's been explained in this very thread how you can use a broker and never pay the 30 BTC.

Quote
You do know that havelock has pretty strict requirements for listing a stock right?
They are listing MintSpare which is incredibly unfair to investors. And, well, 7C.
They did a fucking Labcoin passthrough themselves.
Still, funds before the Panama thing might be in a better position.

It's not that you're dumb and misinformed; you're now a compulsive liar.


None of those that have "unfinished ipo" specifically stated all tranches must be sold. Fact is people are buying shares at ipo price and believe these companies will succeed.


And as I said before using a broker is like using another service. You are not avoiding the mandatory 30btc reg fee by paying some guy who has already paid that fee a slightly lower fee so he can buy shares for you.

You can continue to hurl insults and state how misinformed I am in every post but its not going to do anything besides waste time.
NanoAkron
Sr. Member
****
Offline Offline

Activity: 252


View Profile
January 21, 2014, 11:07:36 PM
 #158

Funny how people outside of bitcoin assets who live in the real world tend to agree that mpex is a scam/bullshit
reddit karma does not cost anything - interesting, don't you think?

And since you've read this thread, you at least have found that:
statement 1 is incorrect: 30 BTC and goes to MPOE
statement 2 is incomplete: it has futures and options, options which are actually most of MPOE's revenue
statement 3 is correct
statement 4 is... what does it mean?

So indeed, you can gain reddit karma by saying things that are blatantly misinformed. Go get some more karma, then.

Well, this is my statement so let me clarify:

Statement 1: Holy Shit! You need to pay this scammer US$24,000 before you're even allowed to buy any of his scammy stocks
Statement 2: Fine, I stand corrected. Although I still reserve my judgment on this.
Statement 3: You've just paid this scammer $24,000 so please feel privileged that you're now allowed to pay him some more.
Statement 4: Now I can see why this statement confuses you, as you are clearly far divorced from the real world if you think MPEx offers anything of value to anyone other than Mircea Popescu.

Doing something in the real world means just that. Apple makes computers, Facebook runs a social network based advertising service. NeoBee is launching a bank, MintSpare wants to refurbish old electronics and resell them (I think they're way overvalued, but they are aiming to do something in the real world).

MPOE pays Mircea Popescu.
BitBet is mildly interesting and does operate in the real world. It pays Mircea Popescu.
Ministry of Games does nothing but pay Mircea Popescu.
No Such lAbs talks about cryptography and does nothing. But it pays Mircea Popescu.
Keyser Soze
Sr. Member
****
Offline Offline

Activity: 470


View Profile
January 21, 2014, 11:52:15 PM
 #159

While there is an obvious disagreement with their business model, is it really a scam? I'll go back to a prior statement of mine about Bitbet...

With any MP backed venture, you can expect to get exactly what they say you will get, no more, no less. While the outcome is arguably unfair, it is exactly what you would expect them do.

The rules seem to be clear, if you don't like them, don't play.
NanoAkron
Sr. Member
****
Offline Offline

Activity: 252


View Profile
January 22, 2014, 12:20:43 AM
 #160

While there is an obvious disagreement with their business model, is it really a scam? I'll go back to a prior statement of mine about Bitbet...

With any MP backed venture, you can expect to get exactly what they say you will get, no more, no less. While the outcome is arguably unfair, it is exactly what you would expect them do.

The rules seem to be clear, if you don't like them, don't play.

I suppose you're right. It's not a scam as such, because it's all out in the open and delivers exactly what it promises.

Caveat Investor
Duffer1
Full Member
***
Offline Offline

Activity: 227



View Profile
January 24, 2014, 05:20:34 PM
 #161

I'm bored.  Can we keep this one going a little longer please? Smiley
Akka
Legendary
*
Offline Offline

Activity: 1148



View Profile
January 24, 2014, 05:23:09 PM
 #162

Year. To few soap opera threats on here.

All previous versions of currency will no longer be supported as of this update
Peter Lambert
Hero Member
*****
Offline Offline

Activity: 756

It's all fun and games until somebody loses an eye


View Profile
January 24, 2014, 05:29:04 PM
 #163

I'm bored.  Can we keep this one going a little longer please? Smiley

So with the price of 0.001 btc/share and 1 billion shares that is a total price of 1000000 btc. With a profit of 136.5 btc for the month of December, extrapolated to 12 months (yes I know I could go back and add up all the profits for the last year, but that would give a different number) gives an annual earnings of 1638 btc. So the current P/E is 1000000/1638 for a P/E of 610.5.

Typical P/E values for companies listed on fiat based exchanges are in the order of about 5 to 20. Does it make sense for S.MPOE to have such a high P/E as compared to other types of stocks?

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
kakobrekla
Hero Member
*****
Offline Offline

Activity: 714


Psi laju, karavani prolaze.


View Profile
January 24, 2014, 05:32:03 PM
 #164

I'm bored.  Can we keep this one going a little longer please? Smiley

So with the price of 0.001 btc/share and 1 billion shares that is a total price of 1000000 btc. With a profit of 136.5 btc for the month of December, extrapolated to 12 months (yes I know I could go back and add up all the profits for the last year, but that would give a different number) gives an annual earnings of 1638 btc. So the current P/E is 1000000/1638 for a P/E of 610.5.

Typical P/E values for companies listed on fiat based exchanges are in the order of about 5 to 20. Does it make sense for S.MPOE to have such a high P/E as compared to other types of stocks?

Maybe a more representative number www.btcalpha.com/mpex/stocks/s-mpoe/

Peter Lambert
Hero Member
*****
Offline Offline

Activity: 756

It's all fun and games until somebody loses an eye


View Profile
January 24, 2014, 05:39:21 PM
 #165

I'm bored.  Can we keep this one going a little longer please? Smiley

So with the price of 0.001 btc/share and 1 billion shares that is a total price of 1000000 btc. With a profit of 136.5 btc for the month of December, extrapolated to 12 months (yes I know I could go back and add up all the profits for the last year, but that would give a different number) gives an annual earnings of 1638 btc. So the current P/E is 1000000/1638 for a P/E of 610.5.

Typical P/E values for companies listed on fiat based exchanges are in the order of about 5 to 20. Does it make sense for S.MPOE to have such a high P/E as compared to other types of stocks?

Maybe a more representative number www.btcalpha.com/mpex/stocks/s-mpoe/

Okay, they get 125 for the P/E. That is still extremely high.

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
ex-trader
Sr. Member
****
Offline Offline

Activity: 298


View Profile
January 24, 2014, 05:45:56 PM
 #166


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.
Peter Lambert
Hero Member
*****
Offline Offline

Activity: 756

It's all fun and games until somebody loses an eye


View Profile
January 24, 2014, 05:55:35 PM
 #167


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.

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
kakobrekla
Hero Member
*****
Offline Offline

Activity: 714


Psi laju, karavani prolaze.


View Profile
January 24, 2014, 06:06:54 PM
 #168


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.

Peter Lambert
Hero Member
*****
Offline Offline

Activity: 756

It's all fun and games until somebody loses an eye


View Profile
January 24, 2014, 06:09:26 PM
 #169


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.

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 24, 2014, 10:30:09 PM
 #170

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.

Simply ridiculous if you ask me.

Even if mpex became the default stock exchange with a shitload of stocks how can it reach a value of 1/10th all bitcoins?

Besides the fact that mpex was designed to take money from noobs, how can anyone explain the current value?
Peter Lambert
Hero Member
*****
Offline Offline

Activity: 756

It's all fun and games until somebody loses an eye


View Profile
January 26, 2014, 01:05:55 AM
 #171

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?

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 26, 2014, 01:52:59 AM
 #172

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?

Not if you want to sell it for bitcoins..

Fun fact: asicminer with 200k btc dividends past year is evaluated at 200k btc

mpex.co with 14k in dividends is valued at 1,000k btc

How can a dying company which has less than 1/10th asicminers profits be worth more than 5 times asicminer.

Does that make it 50 times more expensive than asicminer based on dividends alone?

Do you honestly think mpoe will pay out a significant percentage of share price in dividends over the next year or two? My guess is it doesn't even pay out 1% (or 10k btc) in the next year.

Who knows maybe some extremely rich idiots will join and blow a few thousand btc gambling. Doubt it though since the increasing cost of joining is going to exclude potential customers (idiots) from joining.
NanoAkron
Sr. Member
****
Offline Offline

Activity: 252


View Profile
January 26, 2014, 02:25:56 AM
 #173

Jimmothy, you're dead on the money.

Any company that thinks it's worth 1/12th the total money supply of an economy is either lying or delusional.
Atruk
Hero Member
*****
Offline Offline

Activity: 700



View Profile
January 26, 2014, 05:36:13 AM
 #174

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?

Not if you want to sell it for bitcoins..

Fun fact: asicminer with 200k btc dividends past year is evaluated at 200k btc

mpex.co with 14k in dividends is valued at 1,000k btc

How can a dying company which has less than 1/10th asicminers profits be worth more than 5 times asicminer.

Does that make it 50 times more expensive than asicminer based on dividends alone?

Do you honestly think mpoe will pay out a significant percentage of share price in dividends over the next year or two? My guess is it doesn't even pay out 1% (or 10k btc) in the next year.

Who knows maybe some extremely rich idiots will join and blow a few thousand btc gambling. Doubt it though since the increasing cost of joining is going to exclude potential customers (idiots) from joining.

I have to question your assumptions as to which venture is they dying one and which is the growing one.

kakobrekla
Hero Member
*****
Offline Offline

Activity: 714


Psi laju, karavani prolaze.


View Profile
January 26, 2014, 05:38:39 AM
 #175

Yes because PE is the only number that matters.

Yes because its not the market that forms the price, the company just makes it up.

Yes because idiots are rich because they do not know how to handle monies.

jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 26, 2014, 05:43:04 AM
 #176

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?

Not if you want to sell it for bitcoins..

Fun fact: asicminer with 200k btc dividends past year is evaluated at 200k btc

mpex.co with 14k in dividends is valued at 1,000k btc

How can a dying company which has less than 1/10th asicminers profits be worth more than 5 times asicminer.

Does that make it 50 times more expensive than asicminer based on dividends alone?

Do you honestly think mpoe will pay out a significant percentage of share price in dividends over the next year or two? My guess is it doesn't even pay out 1% (or 10k btc) in the next year.

Who knows maybe some extremely rich idiots will join and blow a few thousand btc gambling. Doubt it though since the increasing cost of joining is going to exclude potential customers (idiots) from joining.

I have to question your assumptions as to which venture is they dying one and which is the growing one.

I consider the one which had no revenue last quarter besides registration fees to be dieing. (Wasn't asicminer)

The one which is a few months away from releasing an actual product may or may not do well but at least they have a source of revenue other than gamblers and registration fees.


Take a look at these nice graphs http://www.btcalpha.com/mpex/stocks/s-mpoe/

lobbes
Full Member
***
Offline Offline

Activity: 234



View Profile
January 27, 2014, 06:20:04 AM
 #177


I consider the one which had no revenue last quarter besides registration fees to be dieing. (Wasn't asicminer)

The one which is a few months away from releasing an actual product may or may not do well but at least they have a source of revenue other than gamblers and registration fees.


Take a look at these nice graphs http://www.btcalpha.com/mpex/stocks/s-mpoe/


Those graphs show that registration fees aren't the primary source of cash flow, its the options market making activities.

Gambling is also very profitable industry, and BitBet seems to be holding its own; pulling in some high volume wagers over its history. The question remains whether that security and the options market making is enough to keep MPEx profitable in the long-run.

MPEx may be overvalued, but I don't see it as a scam by any means. Everything is very transparent, as well.

jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 27, 2014, 10:10:06 AM
 #178


I consider the one which had no revenue last quarter besides registration fees to be dieing. (Wasn't asicminer)

The one which is a few months away from releasing an actual product may or may not do well but at least they have a source of revenue other than gamblers and registration fees.


Take a look at these nice graphs http://www.btcalpha.com/mpex/stocks/s-mpoe/


Those graphs show that registration fees aren't the primary source of cash flow, its the options market making activities.

Gambling is also very profitable industry, and BitBet seems to be holding its own; pulling in some high volume wagers over its history. The question remains whether that security and the options market making is enough to keep MPEx profitable in the long-run.

MPEx may be overvalued, but I don't see it as a scam by any means. Everything is very transparent, as well.

Q4 total profit = 938btc
Total profit from new users = 820btc

You are totally right that being overvalued does not make anything a scam. Having a business model which requires recruiting new gamblers/investors to pay 30btc registration fees as a major source of revenue is a scam.

Gambling is a very profitable industry as you said but I see no reason there can't be options/futures without a 30btc fee and the loads of bullshit that comes along with mpex.

Just for fun lets compare mpex.co to just-dice

Last year net profit: ~14,000btc vs 13,000btc
Total evaluation: 1,000,000btc vs 37,000btc
Profit split: 85% goes to owner 15% to investors vs 10% owner and 90% investors
Registration fees: 30btc vs 0btc
Blog fees: 0.01btc vs 0btc
PR fees: 12btc vs 0btc

Also bitbet doesn't seem to be holding its own. 150btc profit past year and 7200btc evaluation @ a whopping 2% apr. Not sure who buys this shit.
Duffer1
Full Member
***
Offline Offline

Activity: 227



View Profile
January 27, 2014, 11:39:22 AM
 #179

It has been repeated several times by PR that the cost of entry is there to specifically keep people out.  The insult she intended was obvious, but it was more than a simple insult; see past it to the fact she was being literal.  Apparently they don't want the patronage of those who don't understand it and/or can't afford it.

Edit:
I like that you've noted PR's fees.  Mircea Popescu is paying a considerable amount of money, monthly, for your education.  Please have a little respect.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 27, 2014, 12:09:48 PM
 #180

It has been repeated several times by PR that the cost of entry is there to specifically keep people out.  The insult she intended was obvious, but it was more than a simple insult; see past it to the fact she was being literal.  Apparently they don't want the patronage of those who don't understand it and/or can't afford it.

Edit:
I like that you've noted PR's fees.  Mircea Popescu is paying a considerable amount of money, monthly, for your education.  Please have a little respect.

Explain to me why the fee to keep people out was only 200 usd a year ago? Surely that wouldn't keep anyone out so its obvious it is just a method of revenue.

I hope you are not serious when you say mpoe pr is paid monthly to educate. Mpoe pr is nothing more than a troll who is paid to spam links directing people to mpex/blog.

Seriously anyone who buys in to this shit is dilusional. Mpex.co is the scientology of bitcoin.
davout
Legendary
*
Offline Offline

Activity: 1372


1davout


View Profile WWW
January 27, 2014, 12:18:50 PM
 #181

Explain to me why the fee to keep people out was only 200 usd a year ago?

Because you weren't there yet.

jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 27, 2014, 12:34:16 PM
 #182

Total evaluation: 1,000,000btc vs 37,000btc
Profit split: 85% goes to owner 15% to investors vs 10% owner and 90% investors
I hope you are trolling hard right now; S.MPOE is a stock, and all the profits go to shareholders, there is no cut, while JD takes a cut on profits*.
You also cannot really compare an evaluation to a bankroll.

However I do like the new title. It's funny and a better criticism too.

Quote
Blog fees: 0.01btc vs 0btc
PR fees: 12btc vs 0btc
You have 5 free credits per week (or is it month?) so there aren't enough stocks to need it Cheesy
PR fees are taken from the profits, that is redundant. Why focus on this expense in particular?

* Which isn't bad; since expenses are not taken off investor profits, the site needs some form of income.

I was under the impression that the ~85% of s.mpoe shares which are held by mr popescu are receiving dividends. Are you saying they are not?

Also how is the 12btc/month for pr trolling not coming from investors profits?
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 27, 2014, 01:04:02 PM
 #183

I was under the impression that the ~85% of s.mpoe shares which are held by mr popescu are receiving dividends.
Of course they receive dividends. My point is that there is no special treatment like you want to imply.
Is it surprising that the creator of a business owns most of it?

Quote
Also how is the 12btc/month for pr trolling not coming from investors profits?
Sigh. I wrote "PR fees are taken from the profits".

I never implied special treatment. It is a fact that the owner of this gambling site receives 85% of profits due to an arbitrary number of shares he holds.

This isn't finance/investing its a joke..
enderbender
Jr. Member
*
Offline Offline

Activity: 32


View Profile
January 27, 2014, 02:16:25 PM
 #184

evaluation? lol.

mpex be the most abstract snare in bitcoin

but i'm grateful, if you dunno how to hold onto a bitcoin, jus leggo already
BitHub
Sr. Member
****
Offline Offline

Activity: 253


View Profile
January 27, 2014, 02:39:41 PM
 #185

someone has to pay for MP's sex change to complete his transition to become mpoe-pr and play out this sick fantasy he has dreamed up all in his head.

It aint cheap.
kakobrekla
Hero Member
*****
Offline Offline

Activity: 714


Psi laju, karavani prolaze.


View Profile
January 27, 2014, 09:28:06 PM
 #186

I think you guys are right, its already crashing hard. It will be over by tomorrow.


Peter Lambert
Hero Member
*****
Offline Offline

Activity: 756

It's all fun and games until somebody loses an eye


View Profile
January 27, 2014, 10:01:42 PM
 #187

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!

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
Duffer1
Full Member
***
Offline Offline

Activity: 227



View Profile
January 28, 2014, 12:54:56 AM
 #188


Explain to me why the fee to keep people out was only 200 usd a year ago?

For the same reason the amount Mircea pays MPOE-PR is the same amount today as last year: the value of the service is still worth x amount of BTC.

The forum needs people to give them a large dose of: "you're doing it wrong, don't be an idiot, you're going to lose all your money."  Invaluable advice for those that pay attention (and don't want to lose all their BTC).

jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 28, 2014, 10:13:40 AM
 #189


Explain to me why the fee to keep people out was only 200 usd a year ago?

For the same reason the amount Mircea pays MPOE-PR is the same amount today as last year: the value of the service is still worth x amount of BTC.

The forum needs people to give them a large dose of: "you're doing it wrong, don't be an idiot, you're going to lose all your money."  Invaluable advice for those that pay attention (and don't want to lose all their BTC).



The constant btc rate is more likely to create the delusion that mpex can scale with the rapidly increasing value of btc.

You are right about mircea giving invaluable advice. The advice is that if you think your going to make it rich gambling with options then you deserve to lose at least 30btc and/or all you can afford to give away to mr. p.

However I believe you are under the impression that his incoherent and deceptive blog posts have anything to do with the educating. I guess it does in a way since it allows mircea to find everyone stupid enough to fork over 30btc to gamble in a casino where the odds are greatly stacked against you no matter what you do unless your mr. popescu.

And its not hard to be right every once in a while when you call every project a scam in a market with 95% scams. It certainly doesn't take 12btc per month to do that, especially when we have pankakke.
rini17
Sr. Member
****
Offline Offline

Activity: 340


GO http://bitcointa.lk !!! My new nick: jurov


View Profile WWW
January 28, 2014, 10:19:30 AM
 #190

And as I said before using a broker is like using another service. You are not avoiding the mandatory 30btc reg fee by paying some guy who has already paid that fee a slightly lower fee so he can buy shares for you.

You can continue to hurl insults and state how misinformed I am in every post but its not going to do anything besides waste time.
30BTC on CoinBr.com would pay you (if used half by half) 65 years of monthly fees + 750 withdrawals. I don't see how you can call that "slightly lower".... if you don' like people to call you misinformed, then don't try to scandalize a perfectly reasonable business.

CoinBr.com: First online MPEx brokerage launched beta! Easy to use interface and reasonable fees. Charts for MPEx stocks: live.coinbr.com * My Blog *
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 28, 2014, 10:24:32 AM
 #191

And as I said before using a broker is like using another service. You are not avoiding the mandatory 30btc reg fee by paying some guy who has already paid that fee a slightly lower fee so he can buy shares for you.

You can continue to hurl insults and state how misinformed I am in every post but its not going to do anything besides waste time.
30BTC on CoinBr.com would pay you (if used half by half) 65 years of monthly fees + 750 withdrawals. I don't see how you can call that "slightly lower".... if you don' like people to call you misinformed, then don't try to scandalize a perfectly reasonable business.

Using a broker as I said is basically the same as using a separate service. Last I checked mpex.co wasn't a perfectly reasonable business.

From what I've gathered it is a casino disguised as a stock exchange with ridiculous fees and a scammy business model.
Sydboy
Full Member
***
Offline Offline

Activity: 196


View Profile
January 28, 2014, 10:32:00 AM
 #192

I thought I read it will cost around $30,000 to sign up ? I could not of.
Surely the 30BTC is a mis-print that has never been fixed. ?
People have paid? In todays rates ?
bitpop
Legendary
*
Offline Offline

Activity: 2114


https://keybase.io/bitpop


View Profile WWW
January 28, 2014, 10:33:19 AM
 #193

I thought I read it will cost around $30,000 to sign up ? I could not of.
Surely the 30BTC is a mis-print that has never been fixed. ?
People have paid? In todays rates ?

They still do..

Reputation  |  PGP  |  DigitalOcean  |  TorGuard  |  Ethereum Classic
Bitcoin: 3DSh6AnmvBpDJFUz2mnLirMLmTMcFs9nDm
Bitmessage: BM-2cXN9j8NFT2n1FxDVQ6HQq4D4MZuuaBFyb
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 28, 2014, 10:35:56 AM
 #194

I thought I read it costs $30,000 depends on the price of course, to sign up ?
Surely the 30BTC is a mis-print that has never been fixed. ?
People have paid? In todays rates ?

30btc fee has not changed and no plans to change it. According to mr p. is likely to increase in the future.

And yes apparently they made 820 btc from new users alone last quarter (out of 920btc total revenue)
bitpop
Legendary
*
Offline Offline

Activity: 2114


https://keybase.io/bitpop


View Profile WWW
January 28, 2014, 11:31:33 AM
 #195

Scientology is dead on.

Reputation  |  PGP  |  DigitalOcean  |  TorGuard  |  Ethereum Classic
Bitcoin: 3DSh6AnmvBpDJFUz2mnLirMLmTMcFs9nDm
Bitmessage: BM-2cXN9j8NFT2n1FxDVQ6HQq4D4MZuuaBFyb
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 28, 2014, 11:52:38 AM
 #196

And its not hard to be right every once in a while when you call every project a scam in a market with 95% scams. It certainly doesn't take 12btc per month to do that, especially when we have pankakke.
This is a fallacy.
The scams and failures haven't been all denounced - there are so many- and it has been explained why they are scams or why they will be a failure.
Moreover, so far it's not being right "once in a while" but all the fucking time.
You're not the only retard with that fallacy, sadly; I get that one all the time. In the end, PIF prevails.

But after not understanding finance, it's not surprising you don't understand statistics as well.

if you don' like people to call you misinformed, then don't try to scandalize
Pretty much. Your whole communication here is based on facts that are wrong and easily verified; you're undermining your case. The best arguments against MPEx and its securities on this thread are from people who disagree with you; crazy.


The one not understanding statistics is you. I understand that 95% of the "projects" on this forum are scams. Mpex included. What you don't understand is that when you bet scam with a 95% chance with a scam you will probably be right. You and Mr P do nothing besides cry scam every chance you get.

You are confusing finance with the wacky bullshit mr popescu invents.
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
January 28, 2014, 12:44:58 PM
 #197

Not if you want to sell it for bitcoins..

Fun fact: asicminer with 200k btc dividends past year is evaluated at 200k btc

mpex.co with 14k in dividends is valued at 1,000k btc

How can a dying company which has less than 1/10th asicminers profits be worth more than 5 times asicminer.

Does that make it 50 times more expensive than asicminer based on dividends alone?

Do you honestly think mpoe will pay out a significant percentage of share price in dividends over the next year or two? My guess is it doesn't even pay out 1% (or 10k btc) in the next year.

Who knows maybe some extremely rich idiots will join and blow a few thousand btc gambling. Doubt it though since the increasing cost of joining is going to exclude potential customers (idiots) from joining.

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).

There's a lot more stuff you just don't know about, is all.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 28, 2014, 01:03:06 PM
 #198

Not if you want to sell it for bitcoins..

Fun fact: asicminer with 200k btc dividends past year is evaluated at 200k btc

mpex.co with 14k in dividends is valued at 1,000k btc

How can a dying company which has less than 1/10th asicminers profits be worth more than 5 times asicminer.

Does that make it 50 times more expensive than asicminer based on dividends alone?

Do you honestly think mpoe will pay out a significant percentage of share price in dividends over the next year or two? My guess is it doesn't even pay out 1% (or 10k btc) in the next year.

Who knows maybe some extremely rich idiots will join and blow a few thousand btc gambling. Doubt it though since the increasing cost of joining is going to exclude potential customers (idiots) from joining.

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).

There's a lot more stuff you just don't know about, is all.

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?

Is there more stuff I don't know about? I presume you and the all mighty mr popescu know about everything so maybe you could enlighten us simple minded folk.

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.
Peter Lambert
Hero Member
*****
Offline Offline

Activity: 756

It's all fun and games until somebody loses an eye


View Profile
January 28, 2014, 03:06:27 PM
 #199


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?

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
FPCN
Sr. Member
****
Offline Offline

Activity: 280


View Profile
January 28, 2014, 03:13:59 PM
 #200

And it made it even without any basic css work, amazing.

The Bitbet site is elegant, obviously they have css knowledge.

AMHash
ASICMINERROCKMINER ● Purchase from: AMHash (20Th/s min) ● Havelock (1Gh/s min)Hashie (20Gh/s min)
Cloud-mining contracts: 0.0012 BTC per Gh ● Maintenance fee: $0.001551 per Gh per day ● Upto 6% Christmas Bonus

pascal257
Sr. Member
****
Offline Offline

Activity: 471


View Profile
January 28, 2014, 03:18:23 PM
 #201

I wonder how the discussion would look like if there were no coinbr referrals.

Fact is that the only stock actively traded on mpex is S.MPOE and in recent months the main source of income for S.MPOE were registration fees for mpex.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 31, 2014, 11:18:16 PM
 #202


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?

Just because a few people bought at 4btc/share when AM had a monopoly on the asic market doesn't mean AM is worth any more or less. AM is about to release next gen hardware that will hopefully bring back 10% network hashrate. Potential growth and dividends are huge.

Mpex on the other hand is a casino that is getting more and more expensive to join with less and less rich gamblers using the service. Explain to me how this can possibly result in future growth?

For mpex to be worth 1 million btc @ 30% apr it would need to increase profit around 50000% compared to last quarters. Simply ridiculous and will never happen.

For AM to grow it needs to sell hardware in a market full of people looking for competitive hardware.

For mpex to grow it needs a steady stream of new users/gamblers which will bet ~100 times the amount of last years gamblers (10000 times in usd)

Also gpg signature doesn't mean shit imo. Does anyone know if mr popescu is even a real person? Has anyone met him in real life and verified identity? I bet mr P could disappear with all the money right now without any problems. Being anonymous is an option in the bitcoin world (albeit a risky option for investors).
kakobrekla
Hero Member
*****
Offline Offline

Activity: 714


Psi laju, karavani prolaze.


View Profile
January 31, 2014, 11:44:23 PM
 #203

Does anyone know if mr popescu is even a real person? Has anyone met him in real life and verified identity?

Yes, and yes.

Sorry I spoiled the fun.

jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
January 31, 2014, 11:50:37 PM
 #204

Does anyone know if mr popescu is even a real person? Has anyone met him in real life and verified identity?

Yes, and yes.

Sorry I spoiled the fun.


"In the middle with the beard is MPOE-PR." Is mpoe pr the same as mr popescu? Also this pic proves that a group of people sat down together in a room. What a waste of my precious trilemma credits.

If mr popescu disappeared today how would you find him?

This is all sort of irrelevant because it doesn't matter who is running this scheme. He could be anonymous and it would not be any less of a scam.
kakobrekla
Hero Member
*****
Offline Offline

Activity: 714


Psi laju, karavani prolaze.


View Profile
January 31, 2014, 11:55:18 PM
 #205

"In the middle with the beard is MPOE-PR." Is mpoe pr the same as mr popescu?

The blind on the forum seem to think so.

jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
February 01, 2014, 12:06:16 AM
 #206

This is all sort of irrelevant because it doesn't matter who is running this scheme. He could be anonymous and it would not be any less of a scam.
Try to be more consistent please


Oh yea I forgot a picture of a bunch of people at a table = proof mr popescu definitely exists..

I love how every time a point is made the mpex beleibers go off on a tangent to avoid the real issue which is not that mr p could run off with his fat stack of cash at any time.

The real issue is that mpex is absurdly over-valued and requires the recruitment of idiots/gamblers to supply its revenue.

I would love to know what would happen without the 30btc fee and the coinbr referral squad. I doubt it would be profitable because there would be nobody to recruit new cult members.
NanoAkron
Sr. Member
****
Offline Offline

Activity: 252


View Profile
February 01, 2014, 12:33:56 AM
 #207

Absolutely true. What value does MPEX actually create? In one sentence please.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
February 01, 2014, 12:36:44 AM
 #208

Absolutely true. What value does MPEX actually create? In one sentence please.

It provides the ability to make some very rich and some much poorer.

Along with a bunch of other useless shit nobody uses like futures/trading stocks

If I'm wrong please correct me.
NanoAkron
Sr. Member
****
Offline Offline

Activity: 252


View Profile
February 01, 2014, 12:38:00 AM
 #209

Absolutely true. What value does MPEX actually create? In one sentence please.

It provides the ability to make some very rich and some much poorer.

Along with a bunch of other useless shit nobody uses like futures/trading stocks

If I'm wrong please correct me.

Yes, one mistake - trading stocks which MP[ex] owns and profits from.
dexX7
Legendary
*
Offline Offline

Activity: 1036



View Profile WWW
February 01, 2014, 01:56:38 AM
 #210

13 pages now.. kinda makes me wonder, if the whole thread and jimmothy is part of some kind of "create attention and awareness for MPEx" PR stunt? Grin

jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
February 01, 2014, 02:35:26 AM
 #211

13 pages now.. kinda makes me wonder, if the whole thread and jimmothy is part of some kind of "create attention and awareness for MPEx" PR stunt? Grin

I honestly made this thread because I was curious what the fuck mpex actually did that made it supposedly worth 1 billion dollars. But your right judging by mpoe pr's post history its pretty obvious when someone told them there is no such thing as bad pr they took it literally.

Anyways now that it has been confirmed to be nothing more than a way to move money around without creating any value I think we can let this thread die and the free publicity with it.
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
February 01, 2014, 02:49:42 AM
 #212


Damn I wish I didn't view that picture of mr p at a table earlier because then I could see the statement
Rannasha
Hero Member
*****
Offline Offline

Activity: 728


View Profile
February 01, 2014, 08:04:03 AM
 #213


Damn I wish I didn't view that picture of mr p at a table earlier because then I could see the statement

Summary: 1806 BTC total profits over january, 1830 BTC earned from new account registrations.

The profits keep coming as long as new people keep joining.

Where have I heard this before?
rini17
Sr. Member
****
Offline Offline

Activity: 340


GO http://bitcointa.lk !!! My new nick: jurov


View Profile WWW
February 01, 2014, 03:38:46 PM
 #214

Gentlemen, my pleasure to announce most comprehensive MPEx documentation to date:
The Missing MPEx Manual

CoinBr.com: First online MPEx brokerage launched beta! Easy to use interface and reasonable fees. Charts for MPEx stocks: live.coinbr.com * My Blog *
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
February 01, 2014, 03:55:19 PM
 #215


Damn I wish I didn't view that picture of mr p at a table earlier because then I could see the statement

Summary: 1806 BTC total profits over january, 1830 BTC earned from new account registrations.

The profits keep coming as long as new people keep joining.

Where have I heard this before?

Month 4 where 100% profit has come from recruitment of new gamblers.

#finance
jimmothy
Hero Member
*****
Offline Offline

Activity: 770



View Profile
February 01, 2014, 04:04:33 PM
 #216