MPEx securities aren't bad
I lol'd. I take it you've invrsted in mirceas new just-dice/bitbet fund?
I will admit that you are much less likely to lose money on mpec with mircea cooking the books. It's almost impossible to lose money on a good ponzi until it collapses.
I know nothing about MPEx securities but BitBet actually looks pretty cool, especially if this found its way into the mainstream. Where anyone can make their own bet, that has a lot of room of potential. (Television Shows, Sports, E-Sports, Elections, Company performances, Crypto prices. It's pretty endless) I haven't actually used it but I've followed the bets and I think there is a lot of room for growth and profit. Though 30BTC to even get into MPEx investments, seems a little ridiculous. If BitBet appeared on Havelock, I wouldn't be against switching my dust of AcTM into dust of BitBet.
1. You should really do a few seconds of research before backing a scam.
2. Anyone can make bets on bitbet but only the management does and they decide the outcomes.
3. Management also creates a large amount of bets and determines the outcome of their own bets making them profit.
4. They also steal late bets. All bets sent to btc address after bet is resolved is considered a "donation" or profit.
5. Stealing late bets has literally accounted for about half of their entire profit last year.
6. Btw the 30btc on mpex is the fee you have to pay so mircea can keep the stocks pumped.
Even with unfair house betting and stealing all late bets their company "valued" at 5000btc earned a staggering 130btc last year (75btc from stolen bets) and this last quarter they earned an impressive 3btc.
I am unfamiliar with Numbers 1, 2, and 3. So I will definitely do research on that (as I've said before I haven't used Bitbet or invested in it, only watched it).
4. I've heard that they steal late bets as in people trying to place bet on topics that are closed for betting. Of course, they should just refund the person their money but I believe it is in ToS (Or w/e they call it on there) that they will claim any late bets as their own and you should make sure you aren't placing on a late bet. Other companies have done worse.
5. If you look at this in another light, this definitely conflicts with the point you made in number (3) Which says that they make large bets to make their own profit.
Are you saying so many people make late bets that that in and of itself is making more money than they are by actively rigging bets? Does this mean that they have very low transaction fees too then?
6. I have never and will never pay that 30BTC, as I've just said, its ridiculous. I have heard MPOE and Pankkake's argument for it and I don't think it holds in any context. But this doesn't negate other things those two have said, Mireacu (or however you write his name) will never be getting that 30 BTC from me. I have never recommended his website to anyone just like I have not recommended ActiveMining to anyone.
I haven't invested but I don't think shitting on a company that turned any sort of profit is ok. They have turned a profit on a website that seems to need little maintenance and require almost no marketing. Seems to be a pretty good business plan IMHO.
I'm only saying from my encounters with BitBet, and BitBet alone (not my encounter/s with the people behind it) it seems like a good business idea. Just like Just-Dice looks like a good gambling Idea, I think BitBet has a good idea too.