Topic: Best platform for a new security? (Read 2524 times)

are you really claiming that one of the primary reasons BitBet was successful is because it listed on MPEX?

It's by now impractical for any serious company contemplating being listed in BTC to forego the significant capital available on MPEx in order to favor a different venue...

If on the other hand you have a legitimate business you have no chance making it outside of MPEx. This is a point of fact, not a point of argument: there have been bet sites coming and going for about two years. Once one listed on MPEx that was the end of that market, BitBet now dominates it. Same with dice games, same with everything else: kids can play around and pretend they're doing things until the adult exchange lists some adults.

Someone will launch multiple PTs even. Like, take a look, I'm not sure why they were even approved because it splits liquidity.

Dude who are you. I wasn't even aware balanced posts are allowed on Bitcoin Talk. Is this some timewarp or something?!

Nobody counts what niggers think, and nobody counts what idiots think.

One’s not born black. One becomes black, through interaction. Mostly with their black parents, of course, but nevertheless, kids not being parented anymore by their parents (but the tv, records, etc) results in plenty of white skinned black people. It is certainly NOT improper to link the historical failure of the fenotype to the fenotype. So, any discussion of black people can not avoid the fact that they sucked. This is a fact. It is their own, proper but impersonal responsibility. It is on their head.

For the record, a boatload of neckbeards doesn't pay for one single financier. This because tech people actually are humanly inferior to money people. They're less of a person.

Whatever you say about MPEx, the fact is that they have 1000 BTC average daily volume on trading shares of companies that chosen to be listed there. That is something. When you look at BitFunder and BTCT and put aside all passthroughs, you will find ~40 BTC daily volume.

But that doesn't mean that the two latter don't have volume. BitFunder had almost 500 BTC ASICMINER PTs traded in the last 24h and BTCT traded 1270 BTC of ASICMINER PTs. So they have enough people willing to trade bitcoins for shares. It's not demand from traders what's missing on these exchanges but supply of companies. No company originally listed on these exchanges actually makes any significant volume. It's all ASICMINER.

Considering this, if your company is going to be truly remarkable, you will probably do well on any of these three exchanges, as all of them have traders making good volume. But considering past performance of companies originally listed on these exchanges, getting listed on MPEx might be read as a recommendation and give traders some more confidence for your company and that will make your success a little bit easier.

And you don't need to worry about MPEx barrier of entry for new traders - if you're be successful, someone will launch passthroughs on the other exchanges. S.DICE PTs on BTCT+BitFunder make half of S.DICE's MPEx volume.

Trading Fees:
- Bitfunder: 1-0.5% for buyer
- BTCT.co: 0.2-0.25% for buyer and seller

Who are you again?

I agree with

Sounds like I should get myself listed on MPEx so I can live forever and dominate over everyone else that didn't list themselves there.

I hope you could hear me all the way up there on your high horse. If not I'll be glad to get a step-ladder and/or a megaphone.

Still more trade than the sum of all others, for one.

The fact that it won't list bullshit "assets" (such as the Asciminer passthroughs) isn't really a valid objection.

...blah blah blah...

If on the other hand you have a legitimate business you have no chance making it outside of MPEx. This is a point of fact, not a point of argument: there have been bet sites coming and going for about two years. Once one listed on MPEx that was the end of that market, BitBet now dominates it. Same with dice games, same with everything else: kids can play around and pretend they're doing things until the adult exchange lists some adults...

MPex -> Lost most of its trading volume (stocks) -> going down

It's a simple point of competition for finite resources. This is not quite as visible in fiat, because in fiat bs gov'ts can create and do create fake money to prop up wasteful/pointless paraeconomic ventures run by the "right people", which is just another way of saying "popular" (which is, of course, the wrong game to play if you aim for prosperity).

In BTC however, where resources are absolutely finite, there will only be so much BTC available for investment at any given time. This BTC will be allocated to the available investments somehow. Part of it will be allocated by idiots, on paraeconomic criteria like "we don't like MPEx". Part of it will be allocated economically. As time goes on the share available to the idiots to allocate as they see fit dwindles, and the share available to the rational players increases. Since human behavior is reinforced by success and (usually, except in the case of a really limited pile of hardcore idiots) discouraged by failure, the flow is even faster as individual people realize they are being part of the idiot group and jump ship.

Soon enough the situation reaches equilibrium, which is pretty much where we're at. In short, the beauty of economy is that it works.

None of this is to mean MPEx is perfect, by any means. That's not the point at all. It just means MPEx is the standard, and because stock exchanges are fundamentally a convergent, naturally standardizing market it also means the accretion trend will continue, exactly in the same way and fundamentally for the same reasons Bitcoin grows against fiat currencies.

It's by now impractical for any serious company contemplating being listed in BTC to forego the significant capital available on MPEx in order to favor a different venue (in fact, the cost of doing so can be calculated on the basis of the volume difference, and is in any case significant) for a variety of reasons, and certainly such an attempt would imply the modification of said company to include "being an exchange", which requires rare and valuable skills (programming notably NOT being one of them) and other human capital. Such an effort necessarily spells a movement away from said corp's core mission, whatever it may be (*).

A willingness to move away from the core mission, a cavalier attitude towards incurring costs and foregoing benefits all work together to paint a very unflattering picture in the eye of the discerning investor (If these people have any confidence in their business, why are they working on moving away from it to do something else? If they have the capital to pursue reinventing the wheel, why do they need my investment? If they're not interested in cashing in now why should I expect they ever will get my shares dividends?) and rapidly the convergence effects become very strong indeed.