http://www.reddit.com/r/Bitcoin/comments/1vnmb4/romanian_bitcoin_billionaire_saves_openbsd/ceu4s4t lol
Funny how people outside of bitcoin assets who live in the real world tend to agree that mpex is a scam/bullshitAnd 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.
