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pascal257
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January 28, 2014, 03:18:23 PM |
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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.
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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jimmothy (OP)
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January 31, 2014, 11:18:16 PM |
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You're too new to be aware of most of the basic facts of the matter, such as the basic fact that MPEx was here before Asicminer, and is still here (showing gains, apparently?!) as Asicminer is vanishing into thin air (not least because of their own poor management skills). Somehow a steady decrease in dividends equates to showing gains? And being around a whole a year before asicminer makes you a much more mature company. Somehow paying out 5 times ipo in dividends counts as a failure? Its not exactly fair to compare mpex to a real company like asicminer just because you made a few thousand btc from gamblers the past year. Look at the prices of the shares: MPOE has consistently gone up, Asicminer went into a huge bubble and is almost down to its IPO price, losing about 90% off its high. In bitcoinland, lasting one year is significant. Asicminer was not a failure for people who bought at the IPO price, but what about people who bought when the price was above 5 btc per share? Which is a real company? Which one is run by an anonymous internet persona who sometimes deigns to communicate and which is run by a person who states their identity and signs it with a gpg signature to prove it and gives monthly financial reports signed by that same gpg signature? Which has a potential for growth in the future and which is withering away? 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). |
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kakobrekla
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January 31, 2014, 11:44:23 PM |
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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. |
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jimmothy (OP)
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January 31, 2014, 11:50:37 PM |
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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. |
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kakobrekla
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January 31, 2014, 11:55:18 PM |
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"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. |
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jimmothy (OP)
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February 01, 2014, 12:06:16 AM |
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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. |
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NanoAkron
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February 01, 2014, 12:33:56 AM |
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Absolutely true. What value does MPEX actually create? In one sentence please.
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jimmothy (OP)
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February 01, 2014, 12:36:44 AM |
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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. |
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NanoAkron
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February 01, 2014, 12:38:00 AM |
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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. |
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dexX7
Legendary
 Offline
Activity: 1106
Merit: 1024
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February 01, 2014, 01:56:38 AM |
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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?  |
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jimmothy (OP)
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February 01, 2014, 02:35:26 AM |
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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? 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. |
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jimmothy (OP)
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February 01, 2014, 02:49:42 AM |
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Damn I wish I didn't view that picture of mr p at a table earlier because then I could see the statement |
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Rannasha
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February 01, 2014, 08:04:03 AM |
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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? |
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jimmothy (OP)
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February 01, 2014, 03:55:19 PM |
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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 |
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jimmothy (OP)
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February 01, 2014, 04:04:33 PM
Last edit: February 01, 2014, 04:21:02 PM by jimmothy |
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Wow the most comprehensive documentation to date and no explanation of why the 30btc fee. It basically just says that you need to have capital which is a joke because only a year ago it required 200 dollars capital and it now requires 30 grand.. But wait, if you recruit some more idiots like yourself you can recoup some of that ridiculous fee and make mr popescu rich. Everyone wins! Unless your anyone besides mircea popescu. |
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davout
Legendary
Offline
Activity: 1372
Merit: 1007
1davout
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February 01, 2014, 04:04:59 PM |
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Seriously, what is it you're so butthurt about?
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jimmothy (OP)
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February 01, 2014, 04:13:29 PM |
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Seriously, what is it you're so butthurt about?
Less butthurt. More confused as to why this recruitment scheme has such a delusional cult following. |
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rini17
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February 01, 2014, 04:39:58 PM |
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Seriously, what is it you're so butthurt about?
Less butthurt. More confused as to why this recruitment scheme has such a delusional cult following. Did anyone invented anything better in bitcoin space? Or at least is there anyone else who has the balls to sustain running such business for years while publishing all information? I don't see what is here to be confused about. |
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jimmothy (OP)
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February 01, 2014, 05:27:44 PM |
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Seriously, what is it you're so butthurt about?
Less butthurt. More confused as to why this recruitment scheme has such a delusional cult following. Did anyone invented anything better in bitcoin space? Or at least is there anyone else who has the balls to sustain running such business for years while publishing all information? I don't see what is here to be confused about. I'm confused why people like yourself see any value in a company which only source of revenue is recruitment of new gamblers. How can you pretend that this is a legitimate business? It is nothing more than a game you can play with large sums of money where the odds are always unfairly stacked against you which cost 30btc to play (unless you pay some guy to play for you using coinbr) How does a silly game that cost 30btc to play = most legit business in bitcoin space? |
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