Quote from: kibblesnbits on March 02, 2013, 02:27:27 PM

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Friedcat, see what you're forcing people to do? Why?

I'd rather see the ASICMINER people work on hashing equipment than trading platforms.

Me too. Or, to quote,

Quote from: MPOE-PR on January 13, 2013, 08:50:17 AM

It's by now impractical for any serious company contemplating being listed in BTC to forego the significant capital available on MPEx in order to favor a different venue (in fact, the cost of doing so can be calculated on the basis of the volume difference, and is in any case significant) for a variety of reasons, and certainly such an attempt would imply the modification of said company to include "being an exchange", which requires rare and valuable skills (programming notably NOT being one of them) and other human capital. Such an effort necessarily spells a movement away from said corp's core mission, whatever it may be (*).

A willingness to move away from the core mission, a cavalier attitude towards incurring costs and foregoing benefits all work together to paint a very unflattering picture in the eye of the discerning investor (If these people have any confidence in their business, why are they working on moving away from it to do something else? If they have the capital to pursue reinventing the wheel, why do they need my investment? If they're not interested in cashing in now why should I expect they ever will get my shares dividends?) and rapidly the convergence effects become very strong indeed.

* To quote Buffet,

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Concluding this little dissertation on acquisitions, I can't resist repeating a tale told me last year by a corporate executive. The business he grew up in was a fine one, with a long-time record of leadership in its industry. Its main product, however, was distressingly glamorless. So several decades ago, the company hired a management consultant who -naturally - advised diversification, the then-current fad. ("Focus" was not yet in style.) Before long, the company acquired a number of businesses, each after the consulting firm had gone through a long - and expensive - acquisition study. And the outcome? Said the executive sadly, "When we started, we were getting 100% of our earnings from the original business. After ten years, we were getting 150%."