So you think you're going to start a Bitcoin business, right? - page 8.

rini17

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GO http://bitcointa.lk !!! My new nick: jurov

Quote from: crazyates on December 06, 2012, 12:54:29 PM

Quote from: rini17 on December 06, 2012, 08:51:54 AM

Quote from: crazyates on December 05, 2012, 11:00:05 PM

Wait, so MPOE had a transaction volume of 25,000BTC in the month of November. MPEx had a profit of 433BTC in the month of November. Somehow that means they're worth 45 million USD? I'm not seeing the math.

If you did your research, you'd have seen that the 433BTC is not everything there is at all. They paid up to 9.9% monthly interest ( 4`083.99552 BTC ) to the bondholders who financed the options market. But they also took the MPOE loss, so the net revenue for bondholders was actually lower 4083-1961 = 2122 BTC. That's ~ 25k USD just in one month. All considered, together with future potential, millions of USD valuation really isn't much of a stretch.

Yes, I saw that line about the 4083BTC paid, but it's right in the middle of this:

Quote

Operational results, MPOE
....
Revenue : 25`553.98115344 BTC, of which :
....
Expenditure : 27`515.29937379 BTC, of which :
....
Loss : −1`961.31822035 BTC

Which I'm having a hard time getting past.

I'll retry on this from another angle. The number you decided to fixate yourself so much on is there only because bondholders asked for over 9% interest. So it alone doesn't change much on the soundness of the core MPOE business. Had the bondholders asked for 5% (like it went few months ago), the capital expenses would be only 2062 BTC and there would be some profit in the end.

crazyates

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Quote from: rini17 on December 06, 2012, 08:51:54 AM

Quote from: crazyates on December 05, 2012, 11:00:05 PM

Wait, so MPOE had a transaction volume of 25,000BTC in the month of November. MPEx had a profit of 433BTC in the month of November. Somehow that means they're worth 45 million USD? I'm not seeing the math.

If you did your research, you'd have seen that the 433BTC is not everything there is at all. They paid up to 9.9% monthly interest ( 4`083.99552 BTC ) to the bondholders who financed the options market. But they also took the MPOE loss, so the net revenue for bondholders was actually lower 4083-1961 = 2122 BTC. That's ~ 25k USD just in one month. All considered, together with future potential, millions of USD valuation really isn't much of a stretch.

Yes, I saw that line about the 4083BTC paid, but it's right in the middle of this:

Quote

Operational results, MPOE
....
Revenue : 25`553.98115344 BTC, of which :
....
Expenditure : 27`515.29937379 BTC, of which :
....
Loss : −1`961.31822035 BTC

Which I'm having a hard time getting past. Why are you counting the "capital expenses" or bondholder repayment as a profit?

rini17

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GO http://bitcointa.lk !!! My new nick: jurov

Quote from: crazyates on December 05, 2012, 11:00:05 PM

Wait, so MPOE had a transaction volume of 25,000BTC in the month of November. MPEx had a profit of 433BTC in the month of November. Somehow that means they're worth 45 million USD? I'm not seeing the math.

If you did your research, you'd have seen that the 433BTC is not everything there is at all. They paid up to 9.9% monthly interest ( 4`083.99552 BTC ) to the bondholders who financed the options market. But they also took the MPOE loss, so the net revenue for bondholders was actually lower 4083-1961 = 2122 BTC. That's ~ 25k USD just in one month. All considered, together with future potential, millions of USD valuation really isn't much of a stretch.

Korbman

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Quote from: MPOE-PR on December 06, 2012, 03:37:41 AM

Quote from: crazyates on December 05, 2012, 11:00:05 PM

Wait, so MPOE had a transaction volume of 25,000BTC in the month of November. MPEx had a profit of 433BTC in the month of November. Somehow that means they're worth 45 million USD? I'm not seeing the math.

Looky here : http://live.coinbr.com/?mpsic=S.MPOE

That's the share price over whatever interval. Multiply the share price with the total number of shares and you have the implicit market valuation. Pretty basic stuff.

Ok...I'm confused. How does transaction volume directly correlate to your monthly net income? I'm not terribly familiar with MPEx, but I presume you get a small fee per transaction? ...and share price x market cap doesn't mean that's what your company is actually worth. If that's the case, then I'd be worth 10,000 BTC.

Three primary aspects go into valuation: Assets, your market, and income.
Assets -- What does MPEx own of value?
Market -- Your company is tailoring to a niche securities market. Though this market has the potential for high growth, that isn't its current case.
Income -- You've provided a very, very, very basic "Revenue / Expense" sheet vaguely describing this.

I think it's easier to just sit down and explain things to people rather than post pictures and let them figure it out on their own...you'd see a lot less negativity toward your exchange if you did that.

MPOE-PR

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Quote from: crazyates on December 05, 2012, 11:00:05 PM

Wait, so MPOE had a transaction volume of 25,000BTC in the month of November. MPEx had a profit of 433BTC in the month of November. Somehow that means they're worth 45 million USD? I'm not seeing the math.

Looky here : http://live.coinbr.com/?mpsic=S.MPOE

That's the share price over whatever interval. Multiply the share price with the total number of shares and you have the implicit market valuation. Pretty basic stuff.

crazyates

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Wait, so MPOE had a transaction volume of 25,000BTC in the month of November. MPEx had a profit of 433BTC in the month of November. Somehow that means they're worth 45 million USD? I'm not seeing the math.

MPOE-PR

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Quote from: digital on December 05, 2012, 05:32:41 PM

Quote from: MPOE-PR on December 05, 2012, 05:07:12 PM

Seen the revenue reports (they're in this forum)?

Link please.

I'm interested, but not enough to have to wade through dozens of random threads to find it...

See here.

Inaba

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Quote from: MPOE-PR on December 05, 2012, 05:07:12 PM

Quote from: digital on December 04, 2012, 10:41:02 AM

If the site were the highest valued, that would mean that it makes the most profit, or at least takes in the most revenue of all the btc related businesses

Seen the revenue reports (they're in this forum)?

Quote from: Inaba on December 04, 2012, 12:21:15 PM

But Digital, MPEx has a transaction volume over 2000 BTC!

50-200k a month, noob. You know, as much as BFL took in once. Every month. In fact we've probably beat the million in overall trade so far. Who churned a million BTC that you know of? Who made 5k BTC in one single month that you know of?

HAHAH! OMG this is one of the funnies things I've ever seen on the forum. Are you seriously valuing your company in the millions of dollars because you have a few thousand BTC going round and round in circles every month? Holy crap, you are even more disconnected from financial reality than I thought.

Christ, by that measure then MtGox is worth hundreds of millions of dollars! I they churn upwards of 100k BTC ... PER DAY. That means they are worth... hmm, lets be generous and say they do 75k on average per day.

75000 * 30 = ~2.25 million

2,250,000 * 13.00 = $29.25 million per month

29.25 million per month * 12 = 351 million dollars a year. So, at the very least, Mt. Gox is worth 351 million dollars .

The entire market cap of all the BTC is 141 million dollars... so by your math and being very generous with the numbers, Mt.Gox is worth 2.5x the entire market cap of the bitcoin universe. Yep, makes perfect sense.

Delusional much?

digital

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Quote from: MPOE-PR on December 05, 2012, 05:07:12 PM

Seen the revenue reports (they're in this forum)?

Link please.

I'm interested, but not enough to have to wade through dozens of random threads to find it...

MPOE-PR

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Quote from: digital on December 04, 2012, 10:41:02 AM

If the site were the highest valued, that would mean that it makes the most profit, or at least takes in the most revenue of all the btc related businesses

Seen the revenue reports (they're in this forum)?

Quote from: Inaba on December 04, 2012, 12:21:15 PM

But Digital, MPEx has a transaction volume over 2000 BTC!

50-200k a month, noob. You know, as much as BFL took in once. Every month. In fact we've probably beat the million in overall trade so far. Who churned a million BTC that you know of? Who made 5k BTC in one single month that you know of?

Inaba

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But Digital, MPEx has a transaction volume over 2000 BTC! It's the largest bitcoin business in the world! How can you question the fact that it's worth more than 45 million dollars with 2000 BTC traded in the same few "stocks" traded over and over each day? Isn't it obvious, MPEx is bigger than Amazon and Google!

I mean it is THE BTC stock exchange after all! (Never mind it's basically the ONLY BTC stock exchange at the moment and was dwarfed by GLBSE when it was operating) I mean, at least 10 people have heard of MPEx, maybe even 15! It's HUGE!

digital

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Quote from: MPOE-PR on December 04, 2012, 04:18:37 AM

Quote from: Rassah on December 03, 2012, 05:49:04 PM

^^ TL,DR: Dumbasses got propelled into the propellers of the Bitcoin capitalist engine. *Bzzzzzzzzzzzzz*

Exactly.

Quote from: Inaba on December 03, 2012, 07:23:30 PM

Tell me again out MPEx is worth 45 million dollars (or was that 4.5 Billion? Your math was a little fuzzy) and how it's the most successful, valued company in the known bitcoin world, more than MtGox, Bitpay, et al. I love to hear this fairytale, I can't get enough of it. lol

Your math has one thing in common with goat's math. For a cookie, guess what. For a slap with a trout, explain how come. ~~For irony, pretend other people's math is "fuzzy"~~ < done.

Carry on.

At the risk of getting pulled into an internet who-is-bigger contest, I just want to say, that I have never heard of MPEx until I happened to stumble into this thread. And after watching it for a few days I decided to actually see what all the fuss was about.

If the site were the highest valued, that would mean that it makes the most profit, or at least takes in the most revenue of all the btc related businesses (in my mind at least, I'm sure there are people who have other definitions in mind). but if that were true, you would think they would be able to spend a little more time on the website at least (visually pleasing, aesthetic, and easier to use). Hell that alone would bring in even more revenue, I should think...

Sorry, I know this is going to continue the debate, but just my 2 bitcents.

MPOE-PR

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Quote from: Rassah on December 03, 2012, 05:49:04 PM

^^ TL,DR: Dumbasses got propelled into the propellers of the Bitcoin capitalist engine. *Bzzzzzzzzzzzzz*

Exactly.

Quote from: Inaba on December 03, 2012, 07:23:30 PM

Tell me again out MPEx is worth 45 million dollars (or was that 4.5 Billion? Your math was a little fuzzy) and how it's the most successful, valued company in the known bitcoin world, more than MtGox, Bitpay, et al. I love to hear this fairytale, I can't get enough of it. lol

Your math has one thing in common with goat's math. For a cookie, guess what. For a slap with a trout, explain how come. ~~For irony, pretend other people's math is "fuzzy"~~ < done.

Carry on.

Inaba

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Quote from: MPOE-PR on December 03, 2012, 05:37:18 PM

Quote from: Inaba on December 01, 2012, 09:28:24 PM

We know that's not the case though... you're still here.

Don't you have some nonsense to spout somewhere about that company of yours that everyone knows has recently failed, Rakim?

Quote from: Rassah on December 02, 2012, 01:54:14 AM

I'd like to think that the last 6 months have cleared out the incompetence from the community, too, but, alas, we have such things as newbies.

Ah but you see, it hasn't cleared out the incompetence, that's not something that can be done. It has however significantly dented the expectation of equality (two years ago people honestly thought that everyone can do everything just as well as everyone else) and it has pretty much wiped both the Bitcoin balances and the subjective courage of the idiots that found themselves propelled to the spotlight by the vagaries of chance.

Tell me again out MPEx is worth 45 million dollars (or was that 4.5 Billion? Your math was a little fuzzy) and how it's the most successful, valued company in the known bitcoin world, more than MtGox, Bitpay, et al. I love to hear this fairytale, I can't get enough of it. lol

Rassah

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^^ TL,DR: Dumbasses got propelled into the propellers of the Bitcoin capitalist engine. *Bzzzzzzzzzzzzz*

MPOE-PR

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Quote from: Inaba on December 01, 2012, 09:28:24 PM

We know that's not the case though... you're still here.

Don't you have some nonsense to spout somewhere about that company of yours that everyone knows has recently failed, Rakim?

Quote from: Rassah on December 02, 2012, 01:54:14 AM

I'd like to think that the last 6 months have cleared out the incompetence from the community, too, but, alas, we have such things as newbies.

Ah but you see, it hasn't cleared out the incompetence, that's not something that can be done. It has however significantly dented the expectation of equality (two years ago people honestly thought that everyone can do everything just as well as everyone else) and it has pretty much wiped both the Bitcoin balances and the subjective courage of the idiots that found themselves propelled to the spotlight by the vagaries of chance.

paraipan

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Quote from: Rassah on December 02, 2012, 01:54:14 AM

Watching. Your original post made me retching on how I should be pursuing my idea, regarding keeping it secret. Guess I'll have to post about it.
I'd like to think that the last 6 months have cleared out the incompetence from the community, too, but, alas, we have such things as newbies. They're everywhere, always arriving just in time to do something stupid and ruin everyone's day.

lol, true but doing stupid things it's the only way we can learn some very good lessons and be able to watch out for ourselves, hence leaving the "nanny" state behind.

Rassah

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Watching. Your original post made me rethink on how I should be pursuing my idea, regarding keeping it secret. Guess I'll have to post about it.
I'd like to think that the last 6 months have cleared out the incompetence from the community, too, but, alas, we have such things as newbies. They're everywhere, always arriving just in time to do something stupid and ruin everyone's day.

digital

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lol

Inaba

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Quote

I'd have said the stupid days of Bitcoin are behind us. Sorta like how the Van Buren crisis brought an end to the stupid days of America.

We know that's not the case though... you're still here.

Topic: So you think you're going to start a Bitcoin business, right? - page 8. (Read 71765 times)