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.
Well, this is my statement so let me clarify:
Statement 1: Holy Shit! You need to pay this scammer US$24,000 before you're even allowed to buy any of his scammy stocks
Statement 2: Fine, I stand corrected. Although I still reserve my judgment on this.
Statement 3: You've just paid this scammer $24,000 so please feel privileged that you're now allowed to pay him some more.
Statement 4: Now I can see why this statement confuses you, as you are clearly far divorced from the real world if you think MPEx offers anything of value to anyone other than Mircea Popescu.
Doing something in the real world means just that. Apple makes computers, Facebook runs a social network based advertising service. NeoBee is launching a bank, MintSpare wants to refurbish old electronics and resell them (I think they're way overvalued, but they are aiming to do something in the real world).
MPOE pays Mircea Popescu.
BitBet is mildly interesting and does operate in the real world. It pays Mircea Popescu.
Ministry of Games does nothing but pay Mircea Popescu.
No Such lAbs talks about cryptography and does nothing. But it pays Mircea Popescu.
