I would love for someone to explain to me how mpex.co is not a scam bit I simply cannot understand.
Isn't MPEX the only place you can reliable underwrite and buy options against the USD value of BTC?
I would say this is value enough, given April 2013 would likely have been a lot worse had MPEx not existed.
The shareholder report for March:
http://trilema.com/2013/mpoe-march-2013-statement/ kinda shows that.
Additionally, those who bought MPEx accounts in 2012, and as well bought S.MPOE before the 2nd batch of the IPO are likely all millionaires (in USD terms) at this point.
So to be honest, I really don't see how it is a scam. Perhaps the other businesses in their infancy seem a tad questionable, but MPOE-bot I think has proven itself as a valuable asset to the Bitcoin world as a whole.
What.. So options and the MPOE bot bring in enough revenue to justify nearly 1 billion dollars?
Again what do they do? Options are a fancy way of gambling but really no value is created so how exactly did this help bitcoin in april?
Also anyone holding large amounts of bitcoins during the time of mpex ipo would be a millionaire now in terms of usd but that is entirely because bitcoin has created huge value over the dollar not mpex.