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Topic: [Mpex.co] The Scientology of Bitcoin Finance? - page 10. (Read 27652 times)

hero member
Activity: 770
Merit: 509
Funny how people outside of bitcoin assets who live in the real world tend to agree that mpex is a scam/bullshit
reddit karma does not cost anything - interesting, don't you think?

And since you've read this thread, you at least have found that:
statement 1 is incorrect: 30 BTC and goes to MPOE
statement 2 is incomplete: it has futures and options, options which are actually most of MPOE's revenue
statement 3 is correct
statement 4 is... what does it mean?

So indeed, you can gain reddit karma by saying things that are blatantly misinformed. Go get some more karma, then.

I see only 1 incorrect number being the registration fee. Statement 4 means that when you look through the bullshit and games, mpex does not create real world value. For example asicminer creates hardware people want to buy and sells them for a profit.

Some could argue Mpex creates value by offering a way to gamble with options/futures or invest on the house (85% which will always be mr ps portion)

If there was no 30btc reg fee, mr popescus didnt own such a ridiculous majority of shares, and the pr bullshit stops then maybe I would consider it an actual service and not a complete scam. Maybe then some real projects might consider using their service to trade their stocks on. But this wont happen because mpex is not designed to function as a useful exchange but a tool to scam noobs.
hero member
Activity: 714
Merit: 500
Psi laju, karavani prolaze.
I completely forgot that everyone in bitcoin assets is a pro financier and should be taken seriously.

No worries, its natural, people forget sometimes.
hero member
Activity: 770
Merit: 509
Funny how people outside of bitcoin assets who live in the real world tend to agree that mpex is a scam/bullshit
reddit karma does not cost anything - interesting, don't you think?

Really just means that a decent amount of people agree with the statement that mpex is bullshit. I am not saying reddit is full of geniuses but it doesnt take one to understand this scheme.
hero member
Activity: 770
Merit: 509

Havelock currently lists 17 stocks, giving 14 unique offerings. Around 6-7 of these are for mining companies, 2 are for banking operations and 1 is for an investment fund into a package of bitcoin startups.


Well, GLBSE had ~100 stocks scams, ~BTCTC 50, lets say the same for Bitfunder (numbers approximate, made up).
How well did that work out?


Quote
16:09:08 VanCleef: will you be listing other companies on mpex from other people in the future?
16:10:09 Apocalyptic: just wondering, does one need to have an mpex account to issue shares/bonds on mpex ?
16:10:59 mircea_popescu: of course, once people actually worth listing spring up
16:11:02 jurov: lol Apocalyptic how else would you pay dividends?
16:11:06 mircea_popescu: people were asking the same q before nsa say.
16:11:44 VanCleef: okey cool at least you are open to it
16:11:58 VanCleef: i guess nothing from other people has impressed you yet
16:12:16 mircea_popescu: its really not my fault that people with a clue are few and far between whereas "enthusiastic" muppets make up the mass of btc followers.

taken from http://log.bitcoin-assets.com/?date=12-01-2014#443425

I completely forgot that everyone in bitcoin assets is a pro financier and should be taken seriously. I also forgot that mr popescu is the all mighty security god and he is the ultimate decider of good and bad stocks.

For a second I thought I was here to trade stocks, but now I know I need to first get mr popescus permission and approval before doing so. How is humble little me supposed to know what is a scam without a magic crystal ball and incredible intelligence like mr p?

/s

2 years from now mpex will either have imploded or will have not listed even a single additional real stock. It's not because there are no good stocks available, just none that want to use such a bullshit service as mpex.
hero member
Activity: 770
Merit: 509
Funny how people outside of bitcoin assets who live in the real world tend to agree that mpex is a scam/bullshit
hero member
Activity: 770
Merit: 509
Oh good.  This thread again.

Quote
There is a reason there are no real stocks listed on mpex and never will be. There is a reason no other real world exchange or business operates like mpex.

Real compared to what?  Are you criticizing MPEx for not listing every scam that comes across it's doorstep like Havelock and Cryptostocks?


Keep pretending the reason mpex has so few stocks is because there are too many scams. Maybe the reason they don't have any real stocks after a few years of operating is because they are full of shit and don't offer a useful stock trading service.

Havelock does not list every stock that comes to its doorstep. It does have requirements and decent procedures to prevent scams. Cryptostocks does list just about every project/scam that shows up at its doorstep but at least there are projects showing up.

Major difference between mpex and other exchanges is that we actually use havelock and Cryptostocks to trade securities while mpex is used to gamble and or make mr pope rich.
hero member
Activity: 714
Merit: 500
Psi laju, karavani prolaze.

Havelock currently lists 17 stocks, giving 14 unique offerings. Around 6-7 of these are for mining companies, 2 are for banking operations and 1 is for an investment fund into a package of bitcoin startups.


Well, GLBSE had ~100 stocks scams, ~BTCTC 50, lets say the same for Bitfunder (numbers approximate, made up).
How well did that work out?


Quote
16:09:08 VanCleef: will you be listing other companies on mpex from other people in the future?
16:10:09 Apocalyptic: just wondering, does one need to have an mpex account to issue shares/bonds on mpex ?
16:10:59 mircea_popescu: of course, once people actually worth listing spring up
16:11:02 jurov: lol Apocalyptic how else would you pay dividends?
16:11:06 mircea_popescu: people were asking the same q before nsa say.
16:11:44 VanCleef: okey cool at least you are open to it
16:11:58 VanCleef: i guess nothing from other people has impressed you yet
16:12:16 mircea_popescu: its really not my fault that people with a clue are few and far between whereas "enthusiastic" muppets make up the mass of btc followers.

taken from http://log.bitcoin-assets.com/?date=12-01-2014#443425
sr. member
Activity: 252
Merit: 250
Oh good.  This thread again.

Quote
There is a reason there are no real stocks listed on mpex and never will be. There is a reason no other real world exchange or business operates like mpex.

Real compared to what?  Are you criticizing MPEx for not listing every scam that comes across it's doorstep like Havelock and Cryptostocks?


Havelock currently lists 17 stocks, giving 14 unique offerings. Around 6-7 of these are for mining companies, 2 are for banking operations and 1 is for an investment fund into a package of bitcoin startups.

Almost every one of these offerings is doing more for the world of bitcoin than the 4 stocks on MPEx. And none of them funnel money directly into the pocket of the owner of the exchange.
full member
Activity: 227
Merit: 100
Oh good.  This thread again.

Quote
There is a reason there are no real stocks listed on mpex and never will be. There is a reason no other real world exchange or business operates like mpex.

Real compared to what?  Are you criticizing MPEx for not listing every scam that comes across it's doorstep like Havelock and Cryptostocks?
hero member
Activity: 714
Merit: 500
Psi laju, karavani prolaze.

The more you learn about mr p and his scheme the more you realize what an embarrassment he is.

Pankakke you are embarrasing yourself defending a scammer.

Man some psychopathic shit goes down on irc. It's like the channel is tainted with virtual acid. Pirate40 hung out with him to so did Matthew Wright

Bahahaha, the shit people can come up with, omg. When will bitcointalk start charging for such comedy, quality material should not be free.

Oh look, a bitbet shill !

Are you a shill if you are promoting your own company? I thought a shill was somebody who pretends to be an unbiased outsider?

Lol, careful there, don't make me spill my coffee. Anyway, Peter Lambert, its a joke with a reference to snackmans delusions.
hero member
Activity: 770
Merit: 509
Pankakke you are embarrasing yourself defending a scammer.
Repeating "scammer", or now "racist" (what a racist, he said nigger!), without an ounce of proof or understanding is embarrassing yourself. The amount of reddit or slashdot posts you will make do not change reality.

This thread is quite emblematic in the embarrassing yourself variety, where you show no understanding of what you are criticizing, and are constantly changing your tune; basically, you want to hate the guy, but you don't have a good reason why, and thus will spout nonsense all the time.

I love it how the only people who don't think mpex is a complete scam are people who benefit from the scam or nerds who have never ventured outside of their favorite bitcoin chat room.

There is a reason there are no real stocks listed on mpex and never will be. There is a reason no other real world exchange or business operates like mpex.

So with mr p 100k btc richer and his users 100k btc poorer please tell me how this is a legit service.

Its really just an overly complicated way of gambling which is designed to funnel money to mr popescus wallet. You might as well pay 30btc to play monopoly with real money as it would have the same end result of producing no value but shifting money from one hand to the other. At least monopoly doesn't take 85% of your profits should you win the game.

Mpex is simply a clever scheme designed to take money from early adopters or rich idiots who know nothing about real world finance.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye

The more you learn about mr p and his scheme the more you realize what an embarrassment he is.

Pankakke you are embarrasing yourself defending a scammer.

Man some psychopathic shit goes down on irc. It's like the channel is tainted with virtual acid. Pirate40 hung out with him to so did Matthew Wright

Bahahaha, the shit people can come up with, omg. When will bitcointalk start charging for such comedy, quality material should not be free.

Oh look, a bitbet shill !

Are you a shill if you are promoting your own company? I thought a shill was somebody who pretends to be an unbiased outsider?
legendary
Activity: 1372
Merit: 1008
1davout

The more you learn about mr p and his scheme the more you realize what an embarrassment he is.

Pankakke you are embarrasing yourself defending a scammer.

Man some psychopathic shit goes down on irc. It's like the channel is tainted with virtual acid. Pirate40 hung out with him to so did Matthew Wright

Bahahaha, the shit people can come up with, omg. When will bitcointalk start charging for such comedy, quality material should not be free.

Oh look, a bitbet shill !
hero member
Activity: 714
Merit: 500
Psi laju, karavani prolaze.

The more you learn about mr p and his scheme the more you realize what an embarrassment he is.

Pankakke you are embarrasing yourself defending a scammer.

Man some psychopathic shit goes down on irc. It's like the channel is tainted with virtual acid. Pirate40 hung out with him to so did Matthew Wright

Bahahaha, the shit people can come up with, omg. When will bitcointalk start charging for such comedy, quality material should not be free.
legendary
Activity: 2912
Merit: 1060
Man some psychopathic shit goes down on irc. It's like the channel is tainted with virtual acid. Pirate40 hung out with him to so did Matthew Wright
hero member
Activity: 770
Merit: 509

The more you learn about mr p and his scheme the more you realize what an embarrassment he is.

Pankakke you are embarrasing yourself defending a scammer.

This reddit post sums it up nicely.
http://www.reddit.com/r/Bitcoin/comments/1k5x8e/
legendary
Activity: 2912
Merit: 1060
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
So... anybody know why S.MPOE just jumped up 20% today? Was there some big news that I missed?

http://arstechnica.com/information-technology/2014/01/openbsd-rescued-from-unpowered-oblivion-by-20k-bitcoin-donation/


Wow, 20k bitcoin donation, that is pretty generous ... wait a minute ... the article title is actually $20k bitcoins, that is still pretty generous but much less extraordinary.
full member
Activity: 168
Merit: 100
MP better be careful, this type of move may be considered a form of compassion, destroying the image he's worked so hard for


although it wouldn't surprise me to see this deducted as a shareholder expense
legendary
Activity: 1232
Merit: 1001
So... anybody know why S.MPOE just jumped up 20% today? Was there some big news that I missed?

http://arstechnica.com/information-technology/2014/01/openbsd-rescued-from-unpowered-oblivion-by-20k-bitcoin-donation/

People expect a price rise due to the attention of MPEX being in the News? (Inflow of New Investors)
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