Topic: [Mpex.co] The Scientology of Bitcoin Finance? - page 5. (Read 27619 times)

That's right: it took the USG two years of hewing and hawing to finally work up the balls to come out and plainly state "yeah, that MP guy actually knew what's what way before we figured it out, you should probably just listen to him in the future because we're 12 and what is this."

Typically, extraordinary returns are promised on the original investment[5] and vague verbal constructions such as "hedge futures trading", "high-yield investment programs", or "offshore investment" might be used. The promoter sells shares to investors by taking advantage of a lack of investor knowledge or competence, or using claims of a proprietary investment strategy which must be kept secret to ensure a competitive edge.

Ponzi schemes sometimes commence operations as legitimate investment vehicles, such as hedge funds. For example, a hedge fund can degenerate into a Ponzi scheme if it unexpectedly loses money (or simply fails to legitimately earn the returns promised and/or thought to be expected) and the promoters, instead of admitting their failure to meet expectations, fabricate false returns and, if necessary, produce fraudulent audit reports.

A wide variety of investment vehicles or strategies, typically legitimate, have become the basis of Ponzi schemes. For instance, Allen Stanford used bank certificates of deposit to defraud tens of thousands of people. Certificates of deposit are usually low-risk and insured instruments, but the Stanford CDs were fraudulent.[6]

Initially the promoter will pay out high returns to attract more investors, and to lure current investors into putting in additional money. Other investors begin to participate, leading to a cascade effect. The "return" to the initial investors is paid out of the investments of new entrants, and not out of profits.

Often the high returns encourage investors to leave their money in the scheme, with the result that the promoter does not have to pay out very much to investors; he simply has to send them statements showing how much they have earned. This maintains the deception that the scheme is a fund with high returns.

Promoters also try to minimize withdrawals by offering new plans to investors, often where money is frozen for a longer period of time, in exchange for higher returns. The promoter sees new cash flows as investors are told they cannot transfer money from the first plan to the second. If a few investors do wish to withdraw their money in accordance with the terms allowed, their requests are usually promptly processed, which gives the illusion to all other investors that the fund is solvent.

You run a very deceptive ponzi scheme albeit a very successful one. Grats.

See, this is the part you have trouble with: the opinions of "anyone" aren't worth squat.

but anyone [...] will tell you

Here's some interesting actual data: the original shares were sold through a blind placement. They went for 9085 satoshi on the first round and 2433 satoshi on the 2nd round. Currently the shares trade around 90,000 satoshi. That's a 1000% to 4000% increase over less than two years, and some off the cuff calculation would indicate S.MPOE has generated just about a billion dollars' worth of new wealth for its holders.

Which favorably compares with the sum total of all Bitcoin related ventures, plus all alt-chains, plus everything else. MPEx is, quite simply, the biggest thing that ever happened in this space.

On the other score: MPEx has been humiliating the SEC in public since 2012. Moreover, the DFS itself came to the conclusion that MP's 2012 article on the topic of Bitcoin regulation is both sound and controls the matter. That's right: it took the USG two years of hewing and hawing to finally work up the balls to come out and plainly state "yeah, that MP guy actually knew what's what way before we figured it out, you should probably just listen to him in the future because we're 12 and what is this."

Sooner or later you're going to just learn to deal with it: there are huge things in Bitcoin, whether you agree or not, whether you understand how they work or not. They don't give a shit about you, or your government. Again, whether you agree or not. Such is life.

I am pretty butthurt about all the pyramid schemes I didn't get involved in early you're right. How early did you get in? How much btc have you made off your recruits?

Once in a while, eh? Aren't you the little misunderstood hero.


It takes whatever MP says it takes. This being the difference: nobody asked you a damned thing. At the rate you're going that's never changing, either.


Congratulations on having literally destroyed all of Wall Street, its hopes and aspirations thrown into the gutter by the valiant logic of one lonely anon fuckwit. Or did I miss the picture of YOU sitting around at a table with "some people" including the hottest chick on this forum in her 19 inch red heels?

What shall you do next? End poverty? Cure cancer? Stop and think for a minute?


30 BTC is still 30 BTC. What are these "grands" you speak of?


What exactly gave you the impression you're being recruited?


This "ponzi" has been here before you, and before him, and before the first actual Bitcoin ponzi even collapsed, or even started.

In fact, this "ponzi" is a good chunk of the actual reason that first ponzi died, at a time when most everyone else was about as clueless as you are today.

You not knowing WHY Bitcoin is worth a lot today doesn't change things around. MPEx is there. You're neither here nor there.


Depends on your volume. If your volume is negligible, then an upfront fee is a big problem. If your volume is significant then the fact MPEx trades at 0.1% average is a major point.

At some point you gotta stop and think about your relative position in the world.

And its not hard to be right every once in a while when you call every project a scam in a market with 95% scams.

It certainly doesn't take 12btc per month to do that

Anyways now that it has been confirmed to be nothing more than a way to move money around without creating any value I think we can let this thread die and the free publicity with it.

It basically just says that you need to have capital which is a joke because only a year ago it required 200 dollars capital and it now requires 30 grand..

Less butthurt. More confused as to why this recruitment scheme has such a delusional cult following.

All revenue from new gamblers = ponzi.

Of course that assumes the new gamblers are even real..........

Because you need a higher than average apr to accomodate for the ridiculous registration fee. Otherwise it wouldn't be an intelligent investment, even if you overlook the fact that its basicly a pyramid scheme.

And then also promote that piece of junk? No thanks.

Just out of curiosity, since you're advertising the other popescu money printer, is there a bitbet when mpex/mpoe will collapse?

If you want; it is there for people to use.

Should I use your link?

If you don't want to pay the registration fee, you can use CoinBr or another broker.

Because you need a higher than average apr to accomodate for the ridiculous registration fee. Otherwise it wouldn't be an intelligent investment, even if you overlook the fact that its basicly a pyramid scheme.

See, there is your problem. Why do you think an investment should earn 30% apr? Especially when it is measured in bitcoins, which tend to be deflationary anyway?