Quote from: burnside on July 26, 2013, 04:22:36 PM

That's not entirely true...

Gigavps cratered.

It may not be "entirely true", but do the math, it'd probably be a worthwhile exercise, see if you can replicate previous results, the famous "less than half your btc in less than half a year" observation.

BTCJam is a scam platform because of its average 70% returns on "investments" (management figures, reality probably diverges). It doesn't have to be "entirely true": 30% true is way too much. Arguably 5% true is way too much. MPEx stands well under 1%. Again, these things matter.

Quote from: Peter Lambert on July 26, 2013, 04:34:06 PM

Comparing yourself to shit does not make yourself look more attractive. Maybe you want to consider how to compare yourself to your current competitors instead of a failed operation from the past?

There are no current competitors. There's MPEx, and there's various attempts to recreate GLBSE. These compete among themselves for the "most-GLBSE alike" title, and when they don't do that they negotiate to reunite into one single unity of fail, thus actually recreating their model.

Outside of that pretend competition (as you can't really compete when there's no actual difference) there's no such thing as competition going on in BTC finance land: the play exchanges and MPEx couldn't compete if they wanted to, as they serve entirely disjunct markets. The random noob that started this thread for his literary-financial & fiducial new media etc project being a convenient point in case.

I suppose at most you could say the competition is cultural, in the sense of sanity trying to compete with firm conviction. That's hardly any sort of competition either.