pummle (OP)
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July 31, 2014, 03:52:14 PM |
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For the Nth time:
1. I know nothing of MPEx beyond the fact that it has a self-imposed 30BTC barrier to entry. Those who can afford to spend that amount just for a seat at the table either know what they are doing, or have an extremely well-defended psychosis, one I'd be unlikely to alter.
2. I also do not comment on CriptoTrade, CryptoStocks, MexTexBits, assrape.me and many other "exchanges." Ain't nobody got time for dat.
For the Nth time, you can use a broker to avoid paying the 30BTC registration fee. Do you also refuse to trade stocks listed on the NYSE because you don't want to pay the $1M (currently about 1750 BTC) it would cost to get a seat on that exchange?
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Trade bitcoin stocks, funds, and futures with the MPEx broker: CoinBR.comThe best place for bitcoin betting: BitBet.us
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NotLambchop
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July 31, 2014, 04:39:08 PM Last edit: July 31, 2014, 05:02:39 PM by NotLambchop |
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I have explained why I do not comment on MPEx. Unlike Havelock, where an email addy and a few Satoshi are the only prerequisites to trading, investment aficionados must employ an intermediary--a broker--to deal with MPEx. Just like Joe Sixpack must deal with NYSY through a brokerage. The workings of the hand reaching into Joe Sixpack's pocket are my main interest. If you wish, I could research the brokerage firms dealing with MPEx. Feel free to post links and success stories ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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jimmothy
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July 31, 2014, 04:39:57 PM Last edit: July 31, 2014, 06:06:24 PM by jimmothy |
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For the Nth time, you can use a broker to avoid paying the 30BTC registration fee. Do you also refuse to trade stocks listed on the NYSE because you don't want to pay the $1M (currently about 1750 BTC) it would cost to get a seat on that exchange?
Let's compare MPEX to the NYSE. Age: 2 years vs ~200 years. Market Cap*: $240,000 vs $16,000,000,000,000 Yearly trading volume*: Less than $100,000 vs more than $20,000,000,000,000 Number of listings*: 1 vs 1875 Number of seats: ~1000 and counting vs 1366 Price for a seat: $18,000 (7% of market cap) vs ~$1,000,000 (0.000006%) Determining seat price: arbitrary vs supply/demand Reward for convincing someone to buy a seat: $6,000 vs $0 Requires a seat to trade directly on the exchange: Yes vs no Brokers: Some guy who set up a website in an afternoon vs several multibillion dollar financial institutions. *excludes stocks MP/NYSE created/owns.
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Anotheranonlol
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July 31, 2014, 10:37:43 PM |
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gosh, i thought this post would have a dozen pages from notlambchop shitting all over how scammy MPEX's hosted offerings were
golden rule- never shit on your own doorstep)
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OgNasty
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July 31, 2014, 10:52:49 PM |
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gosh, i thought this post would have a dozen pages from notlambchop shitting all over how scammy MPEX's hosted offerings were
golden rule- never shit on your own doorstep) Seriously... If notlambchop isn't being paid by mpex to troll, then that is one sad individual.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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hdbuck
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July 31, 2014, 11:07:03 PM |
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gosh, i thought this post would have a dozen pages from notlambchop shitting all over how scammy MPEX's hosted offerings were
golden rule- never shit on your own doorstep) Seriously... If notlambchop isn't being paid by mpex to troll, then that is one sad individual. i'd just think he is one of them. trolling here and there in btctalk as if he get bored sometimes in #bitcoin-asset.. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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NotLambchop
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August 01, 2014, 12:57:52 AM Last edit: August 01, 2014, 01:15:17 AM by NotLambchop |
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How's that IPO going, hdbuck? Think Benny will manage to weasel another twenty bits from Bitcoiners by the end of next month? Will some TLA own his ass before or after IPO's end? Which TLA will it be? Will Benny betray Branny in exchange for leniency?
Bitcointalk. We Know Drama.
@OgNasty: I still can't get over how you trained your "fans" to think they're making money by losing money. And all this over the intertubes, without the assistance of powerful modern pharma? You rock.
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hdbuck
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August 01, 2014, 01:16:17 AM |
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How's that IPO going, hdbuck? Think Benny will manage to weasel another twenty bits from Bitcoiners by the end of next month? Will some TLA own his ass before or after IPO's end? Which TLA will it be? Will Benny betray Branny in exchange for leniency?
Bitcointalk. We Know Drama.
wuut?! take it easy man ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) so who are you in #bitcoin-asset?! i mean whats your name there? i must have strike a chord here.. ^^ but i have nothing against MPex nor did i ever did some sort of IPO ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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NotLambchop
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August 01, 2014, 01:38:14 AM |
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^Sorry, mistook you for one of the HASH kids. Set out to bilk Bitcoiners out of 1,100 BTC. Up to 7-point-something in three days, including the pump.
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Atruk
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August 01, 2014, 02:06:39 AM |
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Reward for convincing someone to buy a seat: $6,000 vs $0
Actually the incentive is whatever you can convince someone to pay for your existing seat. On the NYSE a seat is just another saleable asset. Requires a seat to trade directly on the exchange: Yes vs no
Actually the answer is Yes on both. Without at seat at the NYSE you don't get to interact directly with the Beast.
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jimmothy
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August 01, 2014, 11:02:25 AM Last edit: August 01, 2014, 01:06:56 PM by jimmothy |
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Reward for convincing someone to buy a seat: $6,000 vs $0
Actually the incentive is whatever you can convince someone to pay for your existing seat. On the NYSE a seat is just another saleable asset. Unlike NYSE seats, Mpex seats are nothing more than a referral/moneymaking scheme. With NYSE you couldn't convince 5 investonomers to buy a seat and make serious money by doing so. You could only sell your own seat. You have no incentive to sell seats/recruit new members. Unlike MPEX, when a seat is sold on the NYSE the money doesn't go directly to the exchange owners pocket. Requires a seat to trade directly on the exchange: Yes vs no
Actually the answer is Yes on both. Without at seat at the NYSE you don't get to interact directly with the Beast. Nope. Seats no longer exist on the NYSE and you can trade directly on the exchange with a one year license for $40,000. That is only twice as expensive as a seat on mpex and you get a bit more than twice as much for your money. Mpex is 0.0000015% the size of the NYSE (market cap) so if the trading license was scaled evenly it would cost literally $ 0.0006 USD per seat (100 satoshis). If NYSE had equally exorbitant trading fees as Mpex it would be $1.3 trillion per trading license or 30 million times the current price.
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pummle (OP)
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August 03, 2014, 11:58:43 PM |
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From the latest MPEx report, F.DERP should finally be listed this month. There is also an upcoming listing of an advertising network. Oh, and MPEx made a bunch of money, most of it from new signups. The low trading volume is probably due to the week they were offline rebuilding their servers.
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Trade bitcoin stocks, funds, and futures with the MPEx broker: CoinBR.comThe best place for bitcoin betting: BitBet.us
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hdbuck
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August 04, 2014, 12:01:17 AM |
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From the latest MPEx report, F.DERP should finally be listed this month. There is also an upcoming listing of an advertising network. Oh, and MPEx made a bunch of money, most of it from new signups. The low trading volume is probably due to the week they were offline rebuilding their servers. 710 BTC from new accounts?! gee.
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jimmothy
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August 04, 2014, 01:06:38 AM |
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From the latest MPEx report, F.DERP should finally be listed this month. There is also an upcoming listing of an advertising network. Are we supposed to care about the ponzi listings and an advertising network that will no doubt be invented/ran by MP? Oh, and MPEx made a bunch of money, most of it from new signups. The low trading volume is probably due to the week they were offline rebuilding their servers.
Is anyone surprised that the referral scheme is still the main source of revenue? And no, the incredibly low trading volume has persisted since mpex was invented. Serious question: Why do you insist on using the joke/scam which is Mpex? If all Mpex does is pretend to be the NYSE, then why not just use the NYSE? How can you suggest it's a good idea to use a sketchy exchange which charges 30 million times as much as the NYSE for a trading license to trade practically zero stocks? Or was I right that this thread is just a way to advertise your referral links?
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pummle (OP)
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August 04, 2014, 11:37:54 AM |
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From the latest MPEx report, F.DERP should finally be listed this month. There is also an upcoming listing of an advertising network. Are we supposed to care about the ponzi listings and an advertising network that will no doubt be invented/ran by MP? If you don't care, you can just stop posting in this thread. Those of us who do care will not miss you. On the topic of advertising, it will be interesting to see how this new company does. On the one hand, it seems like a natural use of bitcoins to pay for internet stuff, like advertising, on the other hand advertising can be a tough market, most people have banner blindness and just ignore whatever ads they "see" on webpages.
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Trade bitcoin stocks, funds, and futures with the MPEx broker: CoinBR.comThe best place for bitcoin betting: BitBet.us
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RiverBoatBTC
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August 04, 2014, 01:07:52 PM |
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I don't think MPex is going to last much longer honestly.
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pummle (OP)
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August 04, 2014, 01:20:01 PM |
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I don't think MPex is going to last much longer honestly.
Do you have any reasoning behind this opinion? I don't think anything has changed negatively for the exchange, why would they shut down?
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Trade bitcoin stocks, funds, and futures with the MPEx broker: CoinBR.comThe best place for bitcoin betting: BitBet.us
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RiverBoatBTC
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August 04, 2014, 01:24:29 PM |
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I don't think MPex is going to last much longer honestly.
Do you have any reasoning behind this opinion? I don't think anything has changed negatively for the exchange, why would they shut down? Amount of offerings Type of offerings Price to get started Why would anyone pay that crazy fee to trade on that exchange with limited offerings? Maybe not shutter but as you have seen they are slowly fading away.
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pummle (OP)
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August 04, 2014, 03:39:51 PM |
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I don't think MPex is going to last much longer honestly.
Do you have any reasoning behind this opinion? I don't think anything has changed negatively for the exchange, why would they shut down? Amount of offerings Type of offerings Price to get started Why would anyone pay that crazy fee to trade on that exchange with limited offerings? Maybe not shutter but as you have seen they are slowly fading away. Quite the opposite of what you are suggesting, they have been adding new offerings the past few months. To me, it looks like they are growing, not fading away.
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Trade bitcoin stocks, funds, and futures with the MPEx broker: CoinBR.comThe best place for bitcoin betting: BitBet.us
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jimmothy
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August 04, 2014, 03:47:29 PM Last edit: August 04, 2014, 04:16:53 PM by jimmothy |
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If you're going to conveniently ignore the several elephants in the room what's the point of having a discussion?
I honestly want to know what could possibly justify a trading licence that is 30 million times more expensive than the NYSE.
Seems like you've drank the koolaid and there's no turning back.
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