[Mpex.co] The Scientology of Bitcoin Finance? - page 16.

MPOE-PR

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Quote from: jimmothy on November 28, 2013, 01:04:49 PM

Also anyone holding large amounts of bitcoins during the time of mpex ipo would be a millionaire now in terms of usd but that is entirely because bitcoin has created huge value over the dollar not mpex.

No, actually, shares sold originally for 2k satoshi. Some of those people sold recently in the 70-80k satoshi range. That's a 40x increase, which actually outperformed BTC for most of the interval.

MPOE-PR

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Quote from: Kosmatos on November 28, 2013, 11:06:20 AM

Have you seen the MPEX web site? Case closed. User ignored.

Quote from: Kosmatos on November 27, 2013, 10:29:16 PM

I bought "tons" of shares at .5 and even .6 and have been watching Virtex closely. Bought some more today at .1.

Well done brave Sir Lolcow. This is the story of your loss.

jimmothy

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Quote from: thestringpuller on November 28, 2013, 01:13:51 PM

Quote

So options and the MPOE bot bring in enough revenue to justify nearly 1 billion dollars?

Wasn't Facebook valued at $85 billion while bringing in less than a 1% of that in revenue in 2011?

I don't see the issue here to be honest.

Not sure how Facebook is comparable to mpex.co. Facebook has ad revenue and has established itself as a useful social media tool with potential to make bitchloads of revenue with the amount of users it has.

Does an options robot really justify the value of mpex.co?

I don't disagree that mpex.co made a few people very rich. But it still looks like all that happens on that site is taking btc from one unfortunate hand and giving it to the next (Probably ending up in mircea or other ipo shareholders pockets).

thestringpuller

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Activity: 24

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Quote

So options and the MPOE bot bring in enough revenue to justify nearly 1 billion dollars?

Wasn't Facebook valued at $85 billion while bringing in less than a 1% of that in revenue in 2011?

I don't see the issue here to be honest.

davout

legendary

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1davout

Quote from: jimmothy on November 28, 2013, 01:04:49 PM

What.. So options and the MPOE bot bring in enough revenue to justify nearly 1 billion dollars?

Again what do they do? Options are a fancy way of gambling but really no value is created so how exactly did this help bitcoin in april?

Also anyone holding large amounts of bitcoins during the time of mpex ipo would be a millionaire now in terms of usd but that is entirely because bitcoin has created huge value over the dollar not mpex.

Your avatar suits you well.

jimmothy

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Quote from: thestringpuller on November 28, 2013, 12:57:04 PM

Quote

I would love for someone to explain to me how mpex.co is not a scam bit I simply cannot understand.

Isn't MPEX the only place you can reliable underwrite and buy options against the USD value of BTC?

I would say this is value enough, given April 2013 would likely have been a lot worse had MPEx not existed.

The shareholder report for March: http://trilema.com/2013/mpoe-march-2013-statement/ kinda shows that.

Additionally, those who bought MPEx accounts in 2012, and as well bought S.MPOE before the 2nd batch of the IPO are likely all millionaires (in USD terms) at this point.

So to be honest, I really don't see how it is a scam. Perhaps the other businesses in their infancy seem a tad questionable, but MPOE-bot I think has proven itself as a valuable asset to the Bitcoin world as a whole.

What.. So options and the MPOE bot bring in enough revenue to justify nearly 1 billion dollars?

Again what do they do? Options are a fancy way of gambling but really no value is created so how exactly did this help bitcoin in april?

Also anyone holding large amounts of bitcoins during the time of mpex ipo would be a millionaire now in terms of usd but that is entirely because bitcoin has created huge value over the dollar not mpex.

thestringpuller

newbie

Activity: 24

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Quote

I would love for someone to explain to me how mpex.co is not a scam bit I simply cannot understand.

Isn't MPEX the only place you can reliable underwrite and buy options against the USD value of BTC?

I would say this is value enough, given April 2013 would likely have been a lot worse had MPEx not existed.

The shareholder report for March: http://trilema.com/2013/mpoe-march-2013-statement/ kinda shows that.

Additionally, those who bought MPEx accounts in 2012, and as well bought S.MPOE before the 2nd batch of the IPO are likely all millionaires (in USD terms) at this point.

So to be honest, I really don't see how it is a scam. Perhaps the other businesses in their infancy seem a tad questionable, but MPOE-bot I think has proven itself as a valuable asset to the Bitcoin world as a whole.

Bitcycle

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Quote from: MPOE-PR on November 28, 2013, 06:28:17 AM

Quote from: jimmothy on November 28, 2013, 06:22:00 AM

JPMorgan Chase & Co. is an American multinational banking and financial services holding company, and the largest bank in the United States by assets

If you think JPmorgan consists of only a blog, you might be the one out of touch with reality. JP Morgan owns more shit than any bitcoiner can dream of and it is because of over a hundred years of dominating market after market.

So what exactly do you do? Are you a bank?

You keep telling me I don't understand what you do and you are right. I don't think anybody understands what you do and we want to know.

MPEx is the largest Bitcoin financials entity, by a very large margin. JPM is 1-2% of the fiat market, MPEx is somewhere way up over two thirds of the Bitcoin space.

Which is why MPEx is valued at about 5% of all Bitcoin and JPM at about 0.0x% of all fiat.

LOL. You're a comic genius.

superduh

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go to mpex, pay mpex 30 bitcoins, profit?

Kosmatos

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Have you seen the MPEX web site? Case closed. User ignored.

velacreations

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Quote from: MPOE-PR on November 28, 2013, 06:28:17 AM

MPEx is the largest Bitcoin financials entity, by a very large margin.

Bullshit.

MPOE-PR

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Activity: 756

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Quote from: jimmothy on November 28, 2013, 06:48:44 AM

Do you hold 5% of all bitcoins? JPM has a massive amount of money and a massive amount of revenue streams. How much bitcoins does MPEx hold and what sources of revenue are adding to that?

Figure it out, sparky.

jimmothy

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Quote from: MPOE-PR on November 28, 2013, 06:28:17 AM

Quote from: jimmothy on November 28, 2013, 06:22:00 AM

JPMorgan Chase & Co. is an American multinational banking and financial services holding company, and the largest bank in the United States by assets

If you think JPmorgan consists of only a blog, you might be the one out of touch with reality. JP Morgan owns more shit than any bitcoiner can dream of and it is because of over a hundred years of dominating market after market.

So what exactly do you do? Are you a bank?

You keep telling me I don't understand what you do and you are right. I don't think anybody understands what you do and we want to know.

MPEx is the largest Bitcoin financials entity, by a very large margin. JPM is 1-2% of the fiat market, MPEx is somewhere way up over two thirds of the Bitcoin space.

Which is why MPEx is valued at about 5% of all Bitcoin and JPM at about 0.0x% of all fiat.

Do you hold 5% of all bitcoins? JPM has a massive amount of money and a massive amount of revenue streams. How much bitcoins does MPEx hold and what sources of revenue are adding to that?

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: jimmothy on November 28, 2013, 06:22:00 AM

JPMorgan Chase & Co. is an American multinational banking and financial services holding company, and the largest bank in the United States by assets

If you think JPmorgan consists of only a blog, you might be the one out of touch with reality. JP Morgan owns more shit than any bitcoiner can dream of and it is because of over a hundred years of dominating market after market.

So what exactly do you do? Are you a bank?

You keep telling me I don't understand what you do and you are right. I don't think anybody understands what you do and we want to know.

MPEx is the largest Bitcoin financials entity, by a very large margin. JPM is 1-2% of the fiat market, MPEx is somewhere way up over two thirds of the Bitcoin space.

Which is why MPEx is valued at about 5% of all Bitcoin and JPM at about 0.0x% of all fiat.

jimmothy

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Activity: 770

Merit: 509

Quote from: MPOE-PR on November 28, 2013, 06:20:09 AM

Quote from: jimmothy on November 28, 2013, 06:15:08 AM

Ok so it is your blog that is worth nearly 1 billion USD? I noticed you charge an incredible 0.01 btc for unlimited reading access is this your only source of revenue?

Listen, you can go say the same thing on the yahoo finance boards associated with JPM, "oh, so is the JPM blog the source of revenue??!!?!?!?"

There's no requirement for you to understand what's going on, or agree with it, or sign off on it. This is why you're irrelevant, that's the definition of the term.

Reality just is what it is, whether palatable or not, acceptable or not. You may submit to it, go do your reading, learn what's what and change to match, or else enjoy insanity, play on forums and reddit all day and so on.

JPMorgan Chase & Co. is an American multinational banking and financial services holding company, and the largest bank in the United States by assets

If you think JPmorgan consists of only a blog, you might be the one out of touch with reality. JP Morgan owns more shit than any bitcoiner can dream of and it is because of over a hundred years of dominating market after market.

So what exactly do you do? Are you a bank?

You keep telling me I don't understand what you do and you are right. I don't think anybody understands what you do and we want to know.

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: jimmothy on November 28, 2013, 06:15:08 AM

Ok so it is your blog that is worth nearly 1 billion USD? I noticed you charge an incredible 0.01 btc for unlimited reading access is this your only source of revenue?

Listen, you can go say the same thing on the yahoo finance boards associated with JPM, "oh, so is the JPM blog the source of revenue??!!?!?!?"

There's no requirement for you to understand what's going on, or agree with it, or sign off on it. This is why you're irrelevant, that's the definition of the term.

Reality just is what it is, whether palatable or not, acceptable or not. You may submit to it, go do your reading, learn what's what and change to match, or else enjoy insanity, play on forums and reddit all day and so on.

jimmothy

hero member

Activity: 770

Merit: 509

Quote from: thecoinjournal on November 28, 2013, 06:10:27 AM

And it made it even without any basic css work, amazing.

This is the best part. With a 1 billion USD website you would think that they could hire a css web designer for a week or even a day costing ~1btc at the most.

jimmothy

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Quote from: MPOE-PR on November 28, 2013, 06:13:08 AM

This is correct, look at the S.MG reports for instance.

And for that matter: MPEx paid ~85k BTC dividends over ~850k mkt cap in fiscal year 2012 (May to May).

I would love to know what the "ministry of games" does if you could provide a link that is from any source other than your own.

As for the ~85k BTC dividends, Impressive but where did that come from?

jimmothy

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Quote from: MPOE-PR on November 28, 2013, 06:13:08 AM

Quote from: jimmothy on November 28, 2013, 06:07:30 AM

Quote from: MPOE-PR on November 28, 2013, 06:03:11 AM

More like 700k.

ok you have 700k btc or roughly 700 milllion usd invested in your company.

What the fuck do you even do?? Seriously how can you justify nearly a billion usd company evaluation when you literally have no value.

To clarify look at asicminer. They make asic hardware and mine bitcoins. What do you do?

MP is and has been the only major thing happening in BTC. See here, for instance.

MP says what's what and who's who. That's what he does.

Ok so it is your blog that is worth nearly 1 billion USD? I noticed you charge an incredible 0.01 btc for unlimited reading access is this your only source of revenue?

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: jimmothy on November 28, 2013, 06:07:30 AM

Quote from: MPOE-PR on November 28, 2013, 06:03:11 AM

More like 700k.

ok you have 700k btc or roughly 700 milllion usd invested in your company.

What the fuck do you even do?? Seriously how can you justify nearly a billion usd company evaluation when you literally have no value.

To clarify look at asicminer. They make asic hardware and mine bitcoins. What do you do?

MP is and has been the only major thing happening in BTC. See here, for instance.

MP says what's what and who's who. That's what he does.

Quote from: thecoinjournal on November 28, 2013, 06:12:16 AM

What I learned from investing in the bitcoin world is that you don't need to do anything but sit tight on your coins.

This is correct, look at the S.MG reports for instance.

And for that matter: MPEx paid ~85k BTC dividends over ~850k mkt cap in fiscal year 2012 (May to May).

Meanwhile Asicminer, since you happened to use that example, paid about 50% more, for a significantly lower valuation. This is what you get for having poor management instead of MP.

Topic: [Mpex.co] The Scientology of Bitcoin Finance? - page 16. (Read 27628 times)