Quote from: Quora on January 14, 2014, 12:22:50 AM

Quote from: melvster on January 13, 2014, 11:01:19 PM

I still think this is the biggest news of the year so far ...

Agreed.

Lmao.

Attention Neo & Bee imbeciles:

First mistake you've made was going with a no-name venue, replicating the error that is still weighing as a millstone around Asicminer's neck. I still don't care whether they choose to fuck their investors over, but meanwhile those investors have started caring.

Second mistake you made was investing yourselves into solving a problem that didn't need solving, and a problem whose solution is way above your resources.

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

It's a simple point of competition for finite resources. This is not quite as visible in fiat, because in fiat bs gov'ts can create and do create fake money to prop up wasteful/pointless paraeconomic ventures run by the "right people", which is just another way of saying "popular" (which is, of course, the wrong game to play if you aim for prosperity).

In BTC however, where resources are absolutely finite, there will only be so much BTC available for investment at any given time. This BTC will be allocated to the available investments somehow. Part of it will be allocated by idiots, on paraeconomic criteria like "we don't like MPEx". Part of it will be allocated economically. As time goes on the share available to the idiots to allocate as they see fit dwindles, and the share available to the rational players increases. Since human behavior is reinforced by success and (usually, except in the case of a really limited pile of hardcore idiots) discouraged by failure, the flow is even faster as individual people realize they are being part of the idiot group and jump ship.

Soon enough the situation reaches equilibrium, which is pretty much where we're at. In short, the beauty of economy is that it works.

None of this is to mean MPEx is perfect, by any means. That's not the point at all. It just means MPEx is the standard, and because stock exchanges are fundamentally a convergent, naturally standardizing market it also means the accretion trend will continue, exactly in the same way and fundamentally for the same reasons Bitcoin grows against fiat currencies.

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.

And hey, happy one year anniversary, O post!

Third mistake you made was failing to abjectly apologize to MP for being so fucking stupid. So he'd have asked for the head of your CEO on a platter, big fucking deal. You can find CEOs of the same quality as what you've got if you throw a rock out the window.

But by now...stooping to the level of creating forum sock puppets to try and give the impression anyone cares about your braindamaged stuff? I can't rightly conceive how fucking stupid you bunch must be to imagine anyone actually is this dumb.

Oldest shit in the book, yo.

(Yeah, as those keeping score at home are probably inferring by now, this means Neo&Bee has no chance in hell or else I wouldn't have made it public. 'Tis true. Sucks for them, but you can't be part of the cool crowd when you're as dumb as rocks. It's what it is, you can divest now.)