Topic: So you think you're going to start a Bitcoin business, right? - page 3. (Read 71765 times)

one of best articles which I read here thanks for this great efforts cheers for you

The absolute BEST troll on here by a million miles. Mostly good advice in the op too and even the shilling for web of trust was fairly good advice. There's never been a thread with MPOE-PR involved that I haven't lolled.

You're very welcome.

This thread could also be correctly titled; So you think you're going to start a business 

Good advice & an interesting read, thank you MPOE-PR.

@Maurya78, cdtc: My pleasure.


Who demolished what now? Listen, imagining that things work the way you'd want them to rather than as they do is a fine way to ensure you're never challenged by anything, never have to learn, and never do anything useful. It's a bit ridiculous to insist on it around people actually involved in finance, however. Just hang out on your couch, nobody cares.

As for your delusional expectations, MP openly played at and praised Just-Dice since the beginning. What now? How much lead dropped on your skull does it take for you to get that you're not only wrong, but wildly out of line, and that the very emotionally-driven nonsense you accuse me of practicing is in fact your own MO?

Snap out of it, otherwise back to the couch.

These are some very good tips.

Very useful, not sure I agree 100% but I respect the passion and the perspective

Thanks

I wonder why people who think that being anonymous is so important, then why do they expect other people to become
non-anonymous.

Isn't this a double-standard, or hypocricies.

Hey, if you want to remain anonymous, then respect other people who want to remain anonymous too.

But if you want to be naked on the internet, then don't expect anonymous people to follow after you of their own will.

Just-Dice rightly demolished S.DICE.
"Doing it right" won this time.

(of course since it's not listed on mpex you'll come here crying that they are incompetent and stuff)

hi all just thought i put my pennies worth in here

i read the most by MPOE-PR and most of it is understandable and straight forward  and i agree with it (a few im not sure about but that just me)

but the post by bitzok i disagree on hostility is not needed for in any post

if i posted a business idea i would always be grateful for feedback good or bad so i could tweak my business idea/website by the feedback i get but hostile posts are unnecessary you can give help and advice without it

thats just my opinion but i still think MPOE-PR's advice is overall good 

You are confusing things there. The skin color of the participants is not part of the story, neither A nor B are either white or black as the actual story unfolds.

The skin color is only mentioned afterwards, when we get to the nonsensical "explanations" people come up with for plain reality. That's when it's born, after the fact, as a function of particular antisocial propaganda. Color doesn't exist when people do things, color appears when losers that don't want to work wish nevertheless to come up with a reason as to why they failed, preferably one that doesn't boil down to "because I deliberately suck". Something that can't be easily changed is ideal for their purpose.

MPOE-PR, I always enjoyed reading your posts even when I was just a lurker. But this one really left a bad taste in my mouth.

But why did you feel that the skin color of the characters was relevant to the story?

Imagine I catch my son stealing cookies from his sister. So to teach him about stealing and honesty I tell him a story about the Gentile boy who plays fair and never lies and the Jewish boy who is always trying to trick and steal from his friends and he winds up with everyone hating him. Why not just tell my son about a bad boy and a good boy?

What does their ethnicities/religion have to do with the story? What does that say about me? And what does it do to the minds of impressionable people that hear that story from me?

While I agree with the most of your points. The motivations of your characters in the above quote is interesting. You assume that the aspiring white (your words) opera singer is hardworking and the aspiring black rapper is lazy are universal archetypes. As though these stereotypes were so obvious to your audience they could be given off hand as though you were relating to us some Aesop's fable.

And your cursory "I'm not racist" PS fails to mitigate your base assumptions. You counter that Opera is superior to rap. But that wasn't the misinterpretation you should be trying to prevent. It was the fact that you assumed that your characters skin color and musical preference (which was also stereotypical) should make it obvious who was hard working and successful and who was lazy, jealous and resentful.

thank you MPOE-PR!

nice read

I keep opening World of Tanks accounts but nothing happens!

usually going to jail means you broke a law, granted some innocent people go to jail that still doesn't change the fact that your statement about his tenancy not to make sense...doesn't make any sense.

and do you think that "going to jail" automatically means you broke some code, or law?
your mind operates with backwards logic that makes absolutely no sense what so ever
you have no firm grasp on reality and all of what you say is telling of your desire to be ruled over

Kodak actually recently sold off most of their traditional film business and now only does specialty film, what a transition. Anyway, I digress...I totally agree with you, I just know its a lot harder to be disruptive in the financial world because its really easy for those companies to copy one another. Their really isn't a technology for you to patent/corner the market on. Its more about relationships, branding, and $$. To correct my statement from earlier I don't think the big banks will be in bitcoin too too soon, baring a much more widespread adoption by the general public or some central bank deciding bit coin is a worthwhile investment, the market just isnt big enough to justify them entering.

Hedge funds and PE firms are a different story though, and their involvement might actually be beneficial.  If Blackstone rolls up and offers one of the existing companies $10 million I have a feeling these sites will start to look much more professional, hire top notch legal consul to make sure they are in compliance etc.

My biggest fears is that one of the large-well-connected banks will simply use their influence to place regulatory pressure on existing bitcoin business and get them all shut down. Then step in and take their place. That could happen 3 years down the line just as easily as tomorrow. I'm not sure what the statute of limitations on breaking securities law(s) are but I'm sure most every bitcoin site is in violation of some SEC regulation or other. Shit I know for a fact most big banks are in violation consistently, they just pay off their lobbyists or a take a slap on the wrist (read $100 million dollar) fine.

That's kinda the point. Kodak still sells digital cameras, but they got into it too late. There are tons of examples of big, lumbering companies ignoring or laughing off new technologies until it's too late, and then playing catch-up for ever.

I would say that that is apples and oranges. In those examples you're talking about a dominant company that was usurped by a smaller one with a disruptive technology or process. While I agree that BTC is disruptive the technology that underlies it isn't that revolutionary. And the banks/hedge funds don't want to overtake BTC they want to overtake the exchanges, escrow services, and payment mechanisms. In all of those areas I think that they have vastly superior resources to what the bitcoin community is able to muster.

It all really depends on how fast they react. If any of those services can reach the tipping point where bitcoin adoption is wide spread enough and they are enough of a household name, then the big banks will face a seriously uphill battle. I hope that is the case honestly, I'm no fan of these institutions, but given the interest by smaller PE firms and groups of angel investors I'd say interest from the big guys has already started, I wouldn't be surprised if we see a major player enter the market, probably thought an LBO or, given the current market value of most btc companies, an outright buyout in the next 12-18 months. They could by MPEx for 3.2 million? 32 million? either way that's like 3 seconds of revenue to them.