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Topic: S.MG - The Ministry of Games. - page 12. (Read 27185 times)

legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
June 06, 2013, 02:11:00 PM
#25
Does the IPO member have a bitcointalk account to answer shareholder/potential stakeholders questions?
(If there primary language is not English, do they have an account in a subforum in another language and let us use translators instead)

I have no idea what you mean by that?

I meant who is  the IPO's owner and do they have an account on the forums here on bitcointalk if their primary language of communication is English and how will they reply to our questions in English Italian French Chinese etc Smiley

For example your MPOE-PR so your asset is MPOE on Mpex when directing questions regarding that asset you reply in English here on the forum
My question is if there an official S.MG-PR representative account and what language they will communicate to us in

The reason I ask is since the reply was a bit weird in English so was wondering what their native tongue is
Either that or its quite colorful

Directly from MP:

Quote
When I IPO already existing businesses teh forum complains that it's unfair the owner of already existing businesses gets to be the owner of said already existing business, instead of simply gifting all the pre-existing value to whatever random oaf feels inclined to "invest" fiddy cents. When I IPO businesses-to-be teh forum wants to know if there exists the business already. No, it does not, that's why you get to participate in a variable-float IPO rather than a fixed float IPO.

He's being mean though, I don't see that in the question at all.
hero member
Activity: 756
Merit: 522
June 06, 2013, 02:02:01 PM
#24
That's before hiring any, without any results yet, which might make it a bit more difficult convincing them to work on this project. Now I am a tech guy myself, and I see the humour and partial truth in this and can put it into context. However, you might have blown up some bridges already to hire the developers you need.

I hope I am wrong though, since again, I think this is exactly what we need to make the Bitcoin economy viable.

I'll settle for the bolded part. Here's the dilemma: if people don't know/don't care about that statement then you can hire them. If everybody knows and cares about what me/MP says then you can always find people to hire because you're the only thing so cool on the Internet that EVERYONE knows and cares what you say. Either way....

Are they going to focus  on online gaming (Arcade Sites) PC Gaming (Actual unit's in stores) Something along the lines of a MMORPG (World of Warcraft), or is the type of gaming still uncertain.

The "boxed game" distribution model seems pretty much dead in the way the VHS tape is dead: nobody's arguing with the folk keeping their VHS collections around, but nobody is releasing anything on VHS anymore.

On the practical side, looking at the marketplace it'd seem the item mall model is coming out victorious. You can't argue with the victor and so S.MG is open to having BTC-based item malls as a revenue model. On the theoretical side, looking at the strengths of BTC and so forth it'd seem RCE is the best fit. S.MG will try to promote that within reason.

Also Does the IPO member have a bitcointalk account to answer shareholder/potential stakeholders questions?
(If there primary language is not English, do they have an account in a subforum in another language and let us use translators instead)

I have no idea what you mean by that?
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
June 06, 2013, 11:27:04 AM
#23
It is interesting to note that as far as I know it does have a complete monopoly on game investment in bitcoin by default
Less an arcade site or two that accepts bitcoin so a potential oligopoly in that market
(I do not know their development strategy but assuming a game company arcade seems logical if they enter the market)
https://bitcointalksearch.org/topic/bitcoins-for-025-174724

As a bitcoin game developer and designer it has a monopoly
Whether that amounts to dollars and profits remains to be seen and really depends on if you believe in leadership or let the leadership prove itself.
Whether they can find game developers who know how to make good games, and whether they can make good games people will buy is another question.

Is S.MG going to focus on a certain niche of games (beyond using Bitcoin)?
Not so far. In general specialization occurs as a result of competitive pressures. There being no competition, specialization doesn't make sense at this point.

Whether this strategy is a good one or not depends in the end it is about money and fiat to fund games the fact it is denominated in bitcoin makes it fundamentally no different than a game design start-up, what does matter is the lineup.
Bitcoin has a lot of IPO's it really comes down to leadership and performance and your trust in the person.
That said it is interesting just because its not a mining fund or along similar lines but is a shot out at left field
By left field I mean a whole new area of exploration and so is worth monitoring

There was a question I did have
Are they going to focus  on online gaming (Arcade Sites) PC Gaming (Actual unit's in stores) Something along the lines of a MMORPG (World of Warcraft), or is the type of gaming still uncertain.
Each has different risks so seems like a fair question to ask and it is called the ministry of gaming but what will be the first Ministry Smiley

Anyways thanks again
Also Does the IPO member have a bitcointalk account to answer shareholder/potential stakeholders questions?
(If there primary language is not English, do they have an account in a subforum in another language and let us use translators instead)
Should not assume we must make them learn English Cheesy
member
Activity: 111
Merit: 10
Bitcoin Entrepreneur
June 06, 2013, 10:36:25 AM
#22
At least it's a stock that is not at the meta-level of bitcoin. Seriously, we need more of these than just yet another mining bond or exchange.

Now if MP just wouldn't piss off developers on a regular basis I might invest Smiley

For my curiosity, make a list of ten companies where management regularly pissed off developers versus ten companies where management regularly catered to developers and then compare their business results. I'll even contribute a starting name for each list: EA and 3D Realms (Apogee Software) respectively.

That's not exactly what I meant. I meant this statement made, arguably not by MP (but he has his own), but by you:

"How about we get some advice from people who live and breathe technology instead of relying on scummy little rats who live and breathe finance?" Argumentum ad populum.

For the record, a boatload of neckbeards doesn't pay for one single financier. This because tech people actually are humanly inferior to money people. They're less of a person.

That's before hiring any, without any results yet, which might make it a bit more difficult convincing them to work on this project. Now I am a tech guy myself, and I see the humour and partial truth in this and can put it into context. However, you might have blown up some bridges already to hire the developers you need.

I hope I am wrong though, since again, I think this is exactly what we need to make the Bitcoin economy viable.
member
Activity: 83
Merit: 10
June 06, 2013, 08:29:14 AM
#21

No. While I appreciate the stubborn display of "she couldn't possibly have meant to say we're not good enough", that's exactly what is being said: that there's no perceived benefit on MP's part of discussing the business plan here. You are cordially invited to open the eyes and ears and shut the mouth, basically. Take it as a learning experience, this is how things are done sort of thing.
So, basically you're saying that there is a guy who's trying to run a new business. He, of course, has a solid business plan, is asking for investors money, but is reluctant to tell anything about said business plan? That's preposterous.


Perhaps if this venture does well on the middle to long run, and if he wants to start something else in a few years, the he could consider doing it this way, but right now, even the with the "relative" success of MPEX, it seems presumptuous.

This misapprehension seems chiefly the result of you being new around here, and so your perspective is flattened on one end, the so called "more than 100 years ago" effect. There's nothing wrong with that: if you manage to survive in Bitcoin on the middle to long run your estimations of things will necessarily change to better align with reality.

There is no misapprehension, MP has obviously managed to run one venture which does OK, and that's pretty much it.
I'll concede that in bitcoin world, managing to run a venture for more than 6 months and not scamming the hell out of every noob is actually the exception and it does put him above 95% of wannabe "entrepreneurs", but I still don't consider this a good enough of a track record to invest solely based on reputation.

Now, as you said yourself, you're entitled to your own opinions. You obviously have a great consideration for him and it's enough for you to consider investing solely based on his reputation, but as far as I'm concerned, it's not the case at the moment, and I guess that I'm not the only one thinking that way.
hero member
Activity: 756
Merit: 522
June 06, 2013, 07:36:29 AM
#20
Is S.MG going to focus on a certain niche of games (beyond using Bitcoin)?

Not so far. In general specialization occurs as a result of competitive pressures. There being no competition, specialization doesn't make sense at this point.

Isn't this just another way of saying that there is no business plan whatsoever?

No. While I appreciate the stubborn display of "she couldn't possibly have meant to say we're not good enough", that's exactly what is being said: that there's no perceived benefit on MP's part of discussing the business plan here. You are cordially invited to open the eyes and ears and shut the mouth, basically. Take it as a learning experience, this is how things are done sort of thing.

I wouldn't mind investing based solely on the reputation of a CEO, when said CEO is someone like Elon Musk (obviously that's what happening with SCTY and TSLA atm), or even friedcat (if we want to keep it at bitcoin level), but I don't think MP has this kind of reputation or track record yet.

You may be entitled to your own opinions (maybe, if you prove you can form strings that aren't self contradictory), but you are certainly not entitled to your own facts.

Perhaps if this venture does well on the middle to long run, and if he wants to start something else in a few years, the he could consider doing it this way, but right now, even the with the "relative" success of MPEX, it seems presumptuous.

This misapprehension seems chiefly the result of you being new around here, and so your perspective is flattened on one end, the so called "more than 100 years ago" effect. There's nothing wrong with that: if you manage to survive in Bitcoin on the middle to long run your estimations of things will necessarily change to better align with reality.

Which reality has this unspeakable way of being "presumptuous".
vip
Activity: 1316
Merit: 1043
👻
June 06, 2013, 04:23:22 AM
#19
Is S.MG going to focus on a certain niche of games (beyond using Bitcoin)?
member
Activity: 83
Merit: 10
June 06, 2013, 02:11:42 AM
#18

From what I gather the thinking here is that nobody is ever convinced by more text. People go by the names involved, and possibly, sometimes, maybe, by a fifty word blurb. If that's not good enough then it's just not good enough; the asking for more text is basically an invitation to roleplay "Internet Businessmen, the MMO" on whatever forum. I don't think MP has any patience for that.

Isn't this just another way of saying that there is no business plan whatsoever?

I wouldn't mind investing based solely on the reputation of a CEO, when said CEO is someone like Elon Musk (obviously that's what happening with SCTY and TSLA atm), or even friedcat (if we want to keep it at bitcoin level), but I don't think MP has this kind of reputation or track record yet.
Perhaps if this venture does well on the middle to long run, and if he wants to start something else in a few years, the he could consider doing it this way, but right now, even the with the "relative" success of MPEX, it seems presumptuous.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
June 05, 2013, 09:12:35 PM
#17
Well I kind of laughed at the name choice
But who am I to tell lol maybe its a pun on mtgox Magic the Gathering and it goes up like lightning
If they show us a product line might look at it Smiley
But would treat this as a game development and design startup company designed for bitcoin that funds people to create projects
Maybe expanding to an online arcade for bit games someday but that is an optimistic view until results appear
ar9
sr. member
Activity: 352
Merit: 250
June 05, 2013, 08:43:22 PM
#16
If MPOE-PR is involved in anything, I am staying the hell away.

I invest in people, not in ideas.

My involvement is basically posting here and trying to learn from them. Sorta just like you. I guess I'm the only "Bitcoin community" person in MPEx huh.

Thanks for clearing that up.
hero member
Activity: 756
Merit: 522
June 05, 2013, 08:20:06 PM
#15
If MPOE-PR is involved in anything, I am staying the hell away.

I invest in people, not in ideas.

My involvement is basically posting here and trying to learn from them. Sorta just like you. I guess I'm the only "Bitcoin community" person in MPEx huh.
ar9
sr. member
Activity: 352
Merit: 250
June 05, 2013, 08:00:03 PM
#14
If MPOE-PR is involved in anything, I am staying the hell away.

I invest in people, not in ideas.
newbie
Activity: 19
Merit: 0
June 05, 2013, 06:51:56 PM
#13
"Because Bitcoin - at least the English speaking section thereof - consists principally (by headcount) of poor people who aim to turn whatever change they had left over from their latest McDonalds visit into a fortune of the future"

Maybe this is accurate considering some of the securities I see getting funded.

But no......
hero member
Activity: 756
Merit: 522
June 05, 2013, 06:39:07 PM
#12
Hm, maybe a differently worded question: Which kind of games shall this business produce? Gambling aka. games of luck? Games based on skill? Feeding alpacas on your little farm with carrots that you bought for Bitcoins in a microtransaction and posting every fart of said animals on Facebook, Twitter, Google+, Diaspora, the hidden wiki and Bitmessage?

I'm not sure the distinction you propose makes any sense. Is WoW a game of luck or a game of skill by your definition? Sure, skill plays some part, in that if you can't play you can't play. Discipline also plays a part, in the sense that if you spend 10x as long farming you can more or less do what other, more skilled people do anyway. Finally, luck certainly plays a part, as in you get whatever rare drops on the first try, other skilled people spend a year farming for.

More importantly, why is it so important to establish conceptually what is or isn't a game? If people play it, that's all it takes (also known as the "I know it when I see it" legal standard).

Just as a benchmark: Anyone raising more than 100k EUR in my country has to publish a prospectus (which is causing quite a few discussions atm. as businesses want to collect money without telling their investors what's going to happen with it) - your IPO is for ~1 million EUR and will even be considered failed if you "only" raise 100k EUR in BTC.

There is absolutely no EUR involved in S.MG so all this is about as relevant as the weather.

Outlining the business plan and idea a bit more concretely is something that can be expected for these sums I guess.

From what I gather the thinking here is that nobody is ever convinced by more text. People go by the names involved, and possibly, sometimes, maybe, by a fifty word blurb. If that's not good enough then it's just not good enough; the asking for more text is basically an invitation to roleplay "Internet Businessmen, the MMO" on whatever forum. I don't think MP has any patience for that.

Why the personal hatred towards MP? The MPOE stock seems to be doing just fine, I don't know where you get the idea that his "bazaar" is starting to collapse?

That little bit of wishful thinking "idea" has been hot since the days zhoutong wasn't even a thing yet.

At least it's a stock that is not at the meta-level of bitcoin. Seriously, we need more of these than just yet another mining bond or exchange.

Now if MP just wouldn't piss off developers on a regular basis I might invest Smiley

For my curiosity, make a list of ten companies where management regularly pissed off developers versus ten companies where management regularly catered to developers and then compare their business results. I'll even contribute a starting name for each list: EA and 3D Realms (Apogee Software) respectively.
member
Activity: 111
Merit: 10
Bitcoin Entrepreneur
June 05, 2013, 05:29:54 PM
#11
At least it's a stock that is not at the meta-level of bitcoin. Seriously, we need more of these than just yet another mining bond or exchange.

Now if MP just wouldn't piss off developers on a regular basis I might invest Smiley
hero member
Activity: 518
Merit: 500
June 05, 2013, 03:26:29 PM
#10
Amazing!

Looks like this narcissist Mircea Popescu's one stock wunder-bazaar is starting to collapse and all he can do now, is invent some bull shit "company" to steal more bitcoins from you all. LOL!


Why the personal hatred towards MP? The MPOE stock seems to be doing just fine, I don't know where you get the idea that his "bazaar" is starting to collapse?
donator
Activity: 588
Merit: 500
June 05, 2013, 02:23:10 PM
#9
He is going back to his roots, porn. So we might see a happy ending here!
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
June 05, 2013, 02:09:13 PM
#8
Amazing!

Looks like this narcissist Mircea Popescu's one stock wunder-bazaar is starting to collapse and all he can do now, is invent some bull shit "company" to steal more bitcoins from you all. LOL!

WTF is "Fiat style IPO"? Let me guess, you invented a "standard" LOL! (read: Hi did not understand how it's done in real life).

Truly amazing! LOL

It is hilarious how you bring your failed ROTA into the picture. Funny fact is, that the members of that failure of yours, did not dance after your tune as you expected, but kicked your ass when you attempted to steal 150? BTC from some poor guy who did not know, what a scumbag you actually are.
legendary
Activity: 2618
Merit: 1007
June 05, 2013, 01:19:49 PM
#7
Hm, maybe a differently worded question: Which kind of games shall this business produce? Gambling aka. games of luck? Games based on skill? Feeding alpacas on your little farm with carrots that you bought for Bitcoins in a microtransaction and posting every fart of said animals on Facebook, Twitter, Google+, Diaspora, the hidden wiki and Bitmessage?

Games can reach from board games to the movie "Saw" or analyzing stock markets, so I would really like to see at least a bit more specifics, even if the business doesn't exist yet. I guess at least the idea for said business exists after all and I suspect/hope it is more concrete than "let's do something with games - first let's collect at least 1k BTC and then let's see what we do with it!"...

Just as a benchmark: Anyone raising more than 100k EUR in my country has to publish a prospectus (which is causing quite a few discussions atm. as businesses want to collect money without telling their investors what's going to happen with it) - your IPO is for ~1 million EUR and will even be considered failed if you "only" raise 100k EUR in BTC. Outlining the business plan and idea a bit more concretely is something that can be expected for these sums I guess.
hero member
Activity: 756
Merit: 522
June 05, 2013, 01:04:49 PM
#6
"Game" can mean a lot - are there already some products in the pipepline that you can talk about?

Directly from MP:

Quote
When I IPO already existing businesses teh forum complains that it's unfair the owner of already existing businesses gets to be the owner of said already existing business, instead of simply gifting all the pre-existing value to whatever random oaf feels inclined to "invest" fiddy cents. When I IPO businesses-to-be teh forum wants to know if there exists the business already. No, it does not, that's why you get to participate in a variable-float IPO rather than a fixed float IPO.

He's being mean though, I don't see that in the question at all.
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