While I have a particular distaste for the choice and fitting of his suits, his opinions are worth paying attention to.
Less ego would help win more people over, but maybe he doesn't really care about that? I find him entertaining nonetheless.
Topic: Why MP is your God. - page 14. (Read 38099 times)
Since some of the noobs here have no idea Bitcoin is MP's world and you're all just living in it, while also being much too lazy to do their own research, let me gather some points together here for everyone's convenient quick reference. It is, after all, what I'm paid to do: make it convenient for y'all.
I. The 100 dollar miracle.
On April 3rd, MP says BTC is not worth over 100, and tells people to stop buying.
A week later, and ever since:
When asked by one of the readers "what value should we expect BTC to stabilize around" his response was "Somewhere around 130. If you're really risk averse go with 100.". This was happening in April. Look at the charts.
Also for your own instruction, compare and contrast:
Four months later Nefario was scammer tagged. Contrary to what you may think, the tag is because he did walk away with more than his braindamaged project was worth.
IV. The not a currency call.
In October 2012, MP said:
Today, the IRS catches up:
Note that these four aren't by any means the whole story, they're just the story since April or so, limited to what I could be bothered to document.
This is your God. Bow to him.
The mandatory Why So Serious post scriptum:
I. The 100 dollar miracle.
On April 3rd, MP says BTC is not worth over 100, and tells people to stop buying.
A week later, and ever since:
When asked by one of the readers "what value should we expect BTC to stabilize around" his response was "Somewhere around 130. If you're really risk averse go with 100.". This was happening in April. Look at the charts.
Also for your own instruction, compare and contrast:
Nefario: You are obviously unqualified to be anywhere near a project of the complexity of an exchange, even for play money (which I suspect BTC are, for most of you here, at least judging on behavior records). I will make you precisely one offer to buy the thing from you, so you get to actually make some money for all your effort over the past year, as misguided and mismanaged as it may have been, rather than have to walk away from a worthless wreck (like Zou Thong/Amir&co have with Bitcoinica). If you have half the maturity you should have to be involved in all this you will take this offer seriously, and consider your options carefully. Feel free to make contact via pm or in #bitcoin-otc-eu.
Four months later Nefario was scammer tagged. Contrary to what you may think, the tag is because he did walk away with more than his braindamaged project was worth.
IV. The not a currency call.
In October 2012, MP said:
Quote
Furthermore, while it is true that Bitcoin may be regarded as an item of value by one or more people, this also is true of the in-game currency of each and every single one game ever released to this date and to be released for the conceivable future. Ruling that indeed Bitcoin constitutes in itself either money or capital in the sense of the Securities Act of 1933 would both retroactively expose all game developers and game players to extensive and burdensome reporting and compliance requirements as well as burden the SEC with an enormous task. Further, it would severely limit and curtail the ability of future game developers to bring computer games to the general public. In either case such extensive re-writing of existing and well understood law can not be the empire of the court system, and unless or until such a time as Congress introduces legislation specifically rendering online in-game currencies legal tender, or otherwise money, or capital this matter can only be laid to rest.
Today, the IRS catches up:
Quote
Just in time for tax day (April 15 in the United States), the Internal Revenue Service has issued six pages of guidelines (PDF) detailing how it considers the legality of Bitcoin and other “virtual currencies.”
Specifically, the document, which was published on Tuesday, designates that Bitcoin will be treated for tax purposes as a property and not as a currency.
Specifically, the document, which was published on Tuesday, designates that Bitcoin will be treated for tax purposes as a property and not as a currency.
Note that these four aren't by any means the whole story, they're just the story since April or so, limited to what I could be bothered to document.
This is your God. Bow to him.
The mandatory Why So Serious post scriptum:
Quote
May 29 16:03:14 I just got a solicitation from Matthew N. Wright for a conference he is organizing in Amsterdam.
May 29 16:03:26 damn mircea_popescu you are right about these conference organizer people
May 29 16:03:54 eh ?
May 29 16:04:20 bruce wagner had a conference, we had the intersangro one with nefario, the last one was sponsered by vessenes and now matthew n wright
May 29 16:04:37 lol
May 29 16:04:41 you know i also had one.
May 29 16:04:54 lol
May 29 16:05:29 mine however was ciuuuuuulll
May 29 16:05:34 cause it wasn't in schiuuuuullll
May 29 16:03:26
May 29 16:03:54
May 29 16:04:20
May 29 16:04:37
May 29 16:04:41
May 29 16:04:54
May 29 16:05:29
May 29 16:05:34
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