it's risky risky business indeed and we all learn it at one point.
I have yet to do it, but paper wallet remains the safest and the way to go.
Overall, I have had more success dealing person to person and develop a relationship, and help in your area to do promotion and local deals.
Looking back on some disastrous mistakes are these situations where there are multiple intermediaries and that is just asking for trouble..
Topic: MPEx & Bitcoin Stock Exchanges - page 3. (Read 5706 times)
So anybody who wants to invest in long-term BTC assets has to deal with these 3rd parties.
From doing some research it seems like the operator of MPEx is not exactly the most upstanding character (please excuse me if I missed something there or am wrong about this).
Just wanted to get your opinion on anybody who has trusted these exchanges in the past & purchased assets through them (it seems at least some people have), and why. Especially given what happened with GLBSE. How can investors be sure that's not going to happen again? (in particular, GLBSE was unable to comply with AML & legal regulations. Surely the same is going to occur in due course with MPEx). What's the risk?
The dividend yield on SDICE may be 40% but tbh the real issue seems to be whether an investor's capital will still be preserved after a full year of investment (my intuition from looking at posts on these forums combined with the controversial legal position occupied by bitcoin is 'no').
Is this a serious proposition?
Although I understand there are 'pass through' funds that allow investment without going through MPEx directly, it seems the whole ecosystem depends on MPEx - if that fails it would still lead to a wipeout.
From doing some research it seems like the operator of MPEx is not exactly the most upstanding character (please excuse me if I missed something there or am wrong about this).
Just wanted to get your opinion on anybody who has trusted these exchanges in the past & purchased assets through them (it seems at least some people have), and why. Especially given what happened with GLBSE. How can investors be sure that's not going to happen again? (in particular, GLBSE was unable to comply with AML & legal regulations. Surely the same is going to occur in due course with MPEx). What's the risk?
The dividend yield on SDICE may be 40% but tbh the real issue seems to be whether an investor's capital will still be preserved after a full year of investment (my intuition from looking at posts on these forums combined with the controversial legal position occupied by bitcoin is 'no').
Is this a serious proposition?
Although I understand there are 'pass through' funds that allow investment without going through MPEx directly, it seems the whole ecosystem depends on MPEx - if that fails it would still lead to a wipeout.
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