Post
Topic
Board Securities
Re: [Mpex.co] The biggest scam in bitcoin history?
by
jimmothy
on 28/01/2014, 13:03:06 UTC
Not if you want to sell it for bitcoins..

Fun fact: asicminer with 200k btc dividends past year is evaluated at 200k btc

mpex.co with 14k in dividends is valued at 1,000k btc

How can a dying company which has less than 1/10th asicminers profits be worth more than 5 times asicminer.

Does that make it 50 times more expensive than asicminer based on dividends alone?

Do you honestly think mpoe will pay out a significant percentage of share price in dividends over the next year or two? My guess is it doesn't even pay out 1% (or 10k btc) in the next year.

Who knows maybe some extremely rich idiots will join and blow a few thousand btc gambling. Doubt it though since the increasing cost of joining is going to exclude potential customers (idiots) from joining.

You're too new to be aware of most of the basic facts of the matter, such as the basic fact that MPEx was here before Asicminer, and is still here (showing gains, apparently?!) as Asicminer is vanishing into thin air (not least because of their own poor management skills).

There's a lot more stuff you just don't know about, is all.

Somehow a steady decrease in dividends equates to showing gains? And being around a whole a year before asicminer makes you a much more mature company.

Somehow paying out 5 times ipo in dividends counts as a failure?

Is there more stuff I don't know about? I presume you and the all mighty mr popescu know about everything so maybe you could enlighten us simple minded folk.

Its not exactly fair to compare mpex to a real company like asicminer just because you made a few thousand btc from gamblers the past year.