The list of discontinued assets on MPEx

Thursday, 18 July, Year 5 d.Tr. | Author: Mircea Popescu

I. B.PPTAPR.SYNTH / B.PPTMAY.SYNTHi (April-May 2012)

At the time the Pirate scam was in full swing, with meanwhile forgotten "big name" scammers like Kludge, Patrick Harnett or James Gibson aka gigavps pushing it like the second coming of Bitcoin Jesus.

At the time 9x% of the scam exchange's volume came from various "Pirate pass throughs".ii The saner elements in Bitcoin finance saw quite plainly the exact way all that's going to end, and wanted a venue to profit off of it. The fraudsters pushing it on the other hand weren't too interested in having their scam popped early, and so it was nigh-on impossible to sell the crap short.iii

Two solutions were tried. The first consisted of MPEx creating a synthetic offering, which mirrored the forum "bankers'" contracts exactly. This was going to run monthly. The "banker" consortium broke their own contracts within a monthiv which created a panic in the only long backer of the asset, who firesold it and then the entire thing died for lack of finding anyone willing to buy (ie, go long) and so the entire thing was discontinued.

The second solution, which actually took, was Vandroiy's 10k BTC bet. You should probably read up on that.

0.0009 first, 0.001111 last, 0.000225 low, 0.001111 high, 13`871.87403450 volume 0.00096668 average.


II. F.PURE.SYNTHv (April - August 2012)

This was the synthetic equivalent of the GLBSE asset of some scammer / shill that originally built himself up as some sort of miner expert but is mostly remembered for his "Meni Rosenfeld vanity thread", an exact equivalent of Amir Taaki's delightful wikipedia page. It died the death of irrelevance just like its original author.vi

0.000295 first, 0.000105 last, 0.000105 low, 0.00036 high, 3`283.96565331 volume 0.00032115 average.


III. B.MPCD.A / B.MPCD.B / B.MPCD.C (August to Octomber 2012)

This was an attempted CDO offering. It failed, in the sense that of the n participants including MPOE, n-1 participants excluding MPOE went bankrupt during the few months the entire thing was supposed to last. The linked article has all the details.


IV. F.GIGA.ETFvii (April - November 2012)

Global Scam Exchange / issuer painfully ran off with the fund.

0.00159 first, 0.00000001 last, 0.00000001 low, 0.00199999 high, 21`044.0429333 volume 0.00077528 average.


V. S.BVPSviii (April 2012 - January 2013).

BitVPS was a Bitcoin hoster originally created by rg. rg left and the people trying to pick up the pieces didn't manage to work out the paperwork.

0.0022 first, 0.01499986 last, 0.0002 low, 0.01499986 high, 2`203.13392597 volume 0.00294258 average.


VI. X.ACCA / X.ACOG / X.ALCG / X.ASBG / X.AWHG / X.EHOG / X.ENGG / X.EWTI / X.IEDG / X.INDQ / X.INKG / X.ISP5 / X.MGCG / X.MHGG / X.MPTG / X.MSIG (December 2012 - January 2013)

These were an attempt to create Bitcoin futures for various commodities. It sunk (Misc, point 2).


VII. S.DICE (August 2012 - July 2013).

The original dice site. It IPOed at about 0.0035ix. It was sold recently for about 120k BTC, or 0.0012 per share. The MPEx holders nevertheless received 0.0035 per share, a significant premium, taking their ~13% stake all the way to over half of the gross proceeds.

Summary :

    I. B.PPTAPR.* : +23% over 2`500 BTC float.
    II. F.PURE.SYNTH : -35% over ~500 BTC float.
    III. B.MPCD.* : -53% over 1`100 BTC float.
    IV. F.GIGA.ETF : -100% over ~1`000 BTC float.
    V. S.BVPS : ~0% over ~3000 BTC float.x
    VI. X.* : 0% over < 100 BTC float.
    VII. S.DICE : 0% over ~50`000 BTC float.

TOTAL : -2.03% over ~58`200 BTC capital.

In other words : on average the MPEx investor buying discontinued assets exclusively made a net loss of about two percent over the course of a little more than a year and a half. That is all.

———
  1. Original contract for the May asset (April one was identical save the dates):

    Website : n/a
    Owner : Mircea Popescu
    Monthly statements available from underlying issuer (Burt Wagner)

    Listed on : May 22, 2012
    IPO Details :
    This asset is a synthetic instrument constructed as an equivalent to the PPT family on GLBSE. Each block of 1`000 shares in this asset is equivalent to 1 (one) BTC worth of shares of PPT on GLBSE.

    -----BEGIN PGP SIGNED MESSAGE-----
    Hash: SHA1


    The holders of this asset on the date of June the 22nd at 23:59:59 UTC time will receive a single dividend payment of 0.00128000 BTC per share, provided that in the interval there did not occur a credit event as defined below. At that date, or at the date of the credit event (whichever comes sooner) the due dividend if any will be paid, this asset will discontinue trading on MPEx and all existing shares will be discarded as worthless.

    A credit event is defined, for the puproses of this contract, as any one of the following :

    1. Any of the promised PPT issuances in the interval fails to take place within 24 hours of its stated date. The original language of the original issuer reads :

      What are you selling?
      Each week we will auction off up to 2500 zero coupon bonds with a face value of 1.28 BTC that will mature exactly 27 days 22 hours after the close of the bond auction.

      When will the bond auctions take place?
      The bond auctions will take place every Saturday morning at 2 AM UTC. That is every Friday evening at 7 PM PDT, 8 PM MDT, 9 PM CDT and 10 PM EDT.

      Thus, in the interval May 22 00:00:01 UTC and June 22 23:59:59 UTC there must appear four such offerings, specifically no later than the 26th of May, 4th of June, 11th of June and 18th of June. Since the issuer reserves the right to issue fewer than the stated 2`500, any issuance of less than 10% of that maximum, or 250 shares of 1 BTC principal each or at any rate shares of total value less than 250 BTC will be considered a full credit event.

    2. Any of the PPT issued in agreement with the original terms by the original issuer fails to pay the promised dividend within 12 hours of the stated time. The original laungage of the original issuer reads :

      When will the bonds mature and pay me my money?
      The bonds will pay the face value of 1.28 BTC exactly 27 days and 22 hours after the close of the bond auction on Saturday mornings at 12 AM UTC. That is every Friday evening at 5 PM PDT, 6 PM MDT, 7 PM CDT and 8 PM EDT.

      thus payments must be made no later than by the following midnight, UTC time.

    3. There is convincing proof brought in any public venue by respected members of the community that the underlying issuer for the PPT issue (that is pirateat40's opperation, whatever it may be called by that time) has either ceased to make due payments on his debt or has negotiated lower payments than the originally promised 7% a week. The original language of that issuer reads in pertinent part,

      7-Day Interest Rate on Deposits (based on average balance)
      100 BTC + 4.2%
      500 BTC + 5.6%
      2000 BTC + 7.0%

    4. The total ammount issued in the four PPT issues due until the expiration of this instrument is less than 10`000 BTC worth, however those shares may be split up. In this case the dividend paid on this instrument will be a fraction of its face value equal to the proportion of PPT issues out of 10`000 BTC worth. So as an example if the first PPT issues 2`000 BTC worth of shares, and the three subsequent ones each issue 1`000 BTC worth of shares the holders of this instrument will receive 0.00050000 BTC per share held. Note that this point only discusses the volume of issued shares, and is not concerned with the proportion actually sold.

    It is the owner's considered oppinion that there is significant risk involved in buying this asset (specifically, the underlying of the underlying is in all likeliness a Ponzi scheme in the final phase of its operation). Consequently this issue is not adequate for the needs of the small or unsophisticated investor. You would be well advised to only invest sums that you do not immediately depend upon.

    This issue is available for shorting, inquire with the owner for borrowing shares.
    -----BEGIN PGP SIGNATURE-----
    Version: GnuPG v1.4.10 (GNU/Linux)

    iQIcBAEBAgAGBQJPutjYAAoJEIpzbw4vt7RSAdYQAJmPX+n3K5AuK1/5mKupcOKy
    W85igs9sCnygI97szONBlspjsBzNPmxaYZ7oPaPdjAs/HGCAz6u8u2o6WH+aNbd4
    7woI4LbV6v8pM+gegS93cJZDFs7L8NMKWSO6+GshtCM01OBnc8clXxVvgLSUtJm0
    uZbEIX8p3wc0UKW4lPkb41bdpivbPvu5Mtxy9zFOAyk3WU5gS741MXkauJTs2ZnH
    v1VagT6CBwSqB+FUHKMcmKBbQi171W9fTR1q9p28iKTzdCrbaJHeKFVYqG9xQX2J
    q4zoVDdtHAdEYDYdmy0q9fUhJ4iPLr6TNJsC7whm4h/we7Py6crBBq8mjCm7ENfi
    pWvHi+Gk8WnfAFxLPpqJA5gQA42KTRgi45U53oL7kv1ehTJHbJyqMfG0VH85BYFg
    9EupwTP7YhhZmtFekLj35/0Y5RIcTzbOTBnyexxP36OV2wA9cgx9ioxdLIlf7s9o
    xwnZHXytqZHBIg/6rDO0XZmDJcDvCnrgWPF4P8VLludm0LD4L4hqI1zPM9WVTycy
    vahQX1J3KKchyN+vlhWlvP3VyvNhMdwtrwoRKksrxhiP+nQRUJV/Ep+9tRqr9tIC
    atVuOJVcPvBJwGtaBBS2a/AxAZbr207GVBeE4ZVqTOAwRuAVPwUbafO5RHeW+DdR
    UvQyR4TdHQnyK5D+ON+h
    =pLu4
    -----END PGP SIGNATURE-----

    []

  2. A situation that bears eerie similarities to the present day. []
  3. Even more eerie similarities. []
  4. It was a "minor", or "technical" infraction, ie not putting on the market the volume they had contracted to put on the market. []
  5. Original contract :

    F.PURE.SYNTH
    Website : n/a
    Owner : Mircea Popescu
    Monthly statements available from underlying issuer (Meni Rosenfeld)

    Listed on : April 12, 2012
    IPO Details :
    -----BEGIN PGP SIGNED MESSAGE-----
    Hash: SHA1

    This is a synthetic asset constructed as an equivalent to the PUREMINING symbol on GLBSE. Each block of 1`000 shares in this asset is equivalent to one share of PUREMINING on GLBSE (1Mh/s). The holders of this asset are entitled to the same dividend payments at the same intervals as PUREMINING makes.

    This is an insured asset : in the event PUREMINING liquidates, ceases opperation, GLBSE fails etc the holders will receive shares in other mining perpetuities to the concurrence of the hashing power they hold (so 100`000 shares will receive 100 Mh/s worth of other miner's bonds).

    This is a synthetic asset : the volume of shares issued is not related to the owner's holdings in the underlying.

    This is a not-recallable asset : the owner does not have the right to forcibly recall shares.

    -----BEGIN PGP SIGNATURE-----
    Version: GnuPG v1.4.10 (GNU/Linux)

    iQIcBAEBAgAGBQJPhue1AAoJEIpzbw4vt7RS1ocP+QHASJvVjkjDDryOeEE1tXSk
    lKH5cW20t6HmLQLapmoRDjG2LFww/jn9BfzjxJJ062VYnLeICEUikZKPsrAJ4XRl
    OJZk3wiWx7+ooyNb0MC2wwaP1u8iE/r5bgKSqDVbbsQx+wnjNFuPb8mY4wUb7+OF
    +wlrVvd9SgFCXQPk3l8+4FFuNVir8cNj2Ey8sLpC2IokM2uBTe07/L9Dontr2D9j
    dq1z7e04edmCNIq0QV7800vb5t4vLnInsN6tCKa3MALPjCUAMFX+OQ4p7lvaYcx5
    P0WDvySZOu49OSH5TRhoxJiTjdUAaY+0rMqjM3G0bK7xA9gR5DWVBBV8E7IzQgW0
    FFFNTgge6NivZED0Cq+92htACJBDyyem39zbjLiPsexWsrVsFoSzhSS9fAOEc7K4
    ZAx1I5EZOY29AJJrUXfva9KV8b6LIfyekD70f7UoPUxmNUsz8NgvkMqcsMr1CU1f
    lp/s6BXM7jU9NwU+I9l5buE23W/plITEcZjd2dW8chot5yQbmuIUEQ3cJpSB8xbi
    PHf+LTa+z0wlI4ZbJMlT0JlwMgCpnRWHWbxDQkZ/uE/ZcyWFuDuhQkEtcxyXdaFN
    LbIpYYkBAD7Y+s18S4kB1DAsBiR1PcNQxZjSgE1/30YXSuTi39DGsDNBLN0LT4rt
    SclCMLRDorYuBlY+Rhd9
    =GYQ+
    -----END PGP SIGNATURE-----

    []

  6. Its closing was tersely announced on S.MPOE August 2012 results page, in Misc III, as "F.PURE.SYNTH is retired due to lack of interest. There is currently no outstanding float". []
  7. Original contract :

    Website : n/a
    Owner : Mircea Popescu
    Monthly statements available from underlying issuer (gigavps)
    Listed on : April 11, 2012
    IPO Details :
    The owner of this ETF holds 900 perpetual 5.0Mh/s bonds (details),

    -----BEGIN PGP SIGNED MESSAGE-----
    Hash: SHA1

    I have received 900 btc from mircea_popescu for 900 5mh/s perpetual bonds
    -----BEGIN PGP SIGNATURE-----
    Version: GnuPG/MacGPG2 v2.0.17 (Darwin)
    Comment: GPGTools - http://gpgtools.org

    iQEcBAEBAgAGBQJPgN6rAAoJEPg1VNdq3jo/quAH/3wPex8LqPyEmh2UWtBEy04g
    9YugO88saSvsZNSRm9Qhx0Hs6cpMerLoYgJREBpDiG2dGCS1csCS03QyJ1wLV1Ah
    GGYqnGyi1h3MT2f2nMFn9+ouMfp3QyumQswH7U7cdVBV6cdGhdA4c+uE2l9WtHkO
    Kl54+947QWzDJHRC5SbB0RCvl52k9KZ6Ac0RNfJ6mUhJy3I45/B281qmICUrjPT0
    xTi0td8f4CKcTnTtocKw7blKbAEoVRBJNyVNnY8h/hGb2Aipp6uZ8Js8c1DeqY8P
    lx0OX6G+KHQIBEuuKt5TpmECUE2Nky2A3Dm9JreF7cqnKhK7RfJfgqoApQ2zou0=
    =CBon
    -----END PGP SIGNATURE-----

    The ETF is composed of 900`000 shares. Should the Owner acquire more shares of the underlying he may issue more shares of this asset. The Owner will never own less shares of the underlying than the total float of this asset implies. Any and all revenue paid by the underlying will be distributed to the shareholders of this asset without remainder.

    -----BEGIN PGP SIGNATURE-----
    Version: GnuPG v1.4.10 (GNU/Linux)

    iQIcBAEBAgAGBQJPhPT+AAoJEIpzbw4vt7RSYpIQAJjTQY8GIbOL34e0MUiee5sQ
    +/HAFe26L9abgzyE+UlP63RctWqJtPvNvCRccs26k0PBWleTfMEcm43IcePfe4gz
    bMGJqSMNq+B/22oonGhqJl/D8gKey19m5vwLvvwfOs/4wNhd7/idSVIDvF7EUYbT
    qTKzrsjfs5faErQu5TKPBRKBT5pqIBdUSvbY2UaIx4mIcxorMxg+m4CgJ2zthYLx
    jBVqlF8gNYHJfThNHO5PHrKi3QCyEWZkQZGZDRs3czwiq7SA3WFaxHTjF5MFcDhf
    f+v+5om39bg8UuOtgCJ2zUjB5psU0zm9SnQ1nV5fUIDJieZV+B00C2aosoUytrGX
    ZLSNU526poOQ1rrlUc+iQvioT2ByVWTCR7GIz9GbAWZCkJBhZhN6l9U3vWX9hlFB
    OcVAE7HlO3aK2IgyVGKZptm3ZPoEGJfk3i+UpGB8RjGQZCPCRxkzTdAFsqDjTG0m
    5yi0xe0Knx+/GqkhToYnR09FZLEDTi7365IXUqk1LO9Ud2Hx4y5be/vmA2L8Dqky
    zxweKsl7b8Iay3e+rXEA4I2pGqaduzIX+FYFpIWz1nmSU7uxzWe9HF1ogJJXGq3f
    Cqfm+gv98goIg8mffg1vNbyVexhuz061nnWyUxABwPHeLc0lqwOHk+zt7Zro8xDJ
    DWtHdESm8ux7Mswexdpu
    =GEPB
    -----END PGP SIGNATURE-----

    []

  8. Original contract :

    Website : http://bitvps.com
    Owner : James "rg" Edward
    Monthly statements available on website, also will be published on bitcointalk.org
    Listed on : April 12, 2012
    Trading since : April 15, 2012
    IPO Details :
    -----BEGIN PGP SIGNED MESSAGE-----

    Hash: SHA1

    INITIAL PUBLIC OFFERING AGREEMENT

    This INITIAL PUBLIC OFFERING AGREEMENT (the "Agreement") is made and entered into as of April 7, 2012, by and among BitVPS, Inc. (BitVPS), an unregistered corporation ; James "rg" Edward (GPG fingerprint 58EB 24DB C867 E706 F459 9CD3 F303 5DFA 1D14 9C84), an individual ; Dan "grubles" Williams (GPG fingerprint 7B0D 607C 91AD B1E9 DCDE E505 56B7 AB94 A71E A99F), an individual and MPEX (GPG fingerprint 8DDE 8C2B 4DE2 278A 95C3 D65B 9214 FC6B F1B6 9921), an unregistered corporation. Certain capitalized terms used herein are defined in Section 1 of this Agreement.

    RECITALS

    WHEREAS, the individuals named have together created and are together the only proprietors of BitVPS, which provides various hosting services principally in exchange for BTC to a number of customers ;

    WHEREAS, the aforenamed James "rg" Edward was delegated to represent the Board of Directors of BitVPS ;

    WHEREAS, the Board of Directors of BitVPS has determined that it would be appropriate and desirable to list BitVPS on the public market ;

    WHEREAS, MPEX customarily operates during the course of its virtual business the infrastructure allowing the virtual trading of virtual shares of unregistered corporations for a virtual currency known as Bitcoin ;

    WHEREAS, the parties intend in this Agreement to set forth the principal arrangements between them regarding the Initial Public Offering ; and

    WHEREAS, the parties hereto have determined that in order to accomplish the objectives of the Initial Public Offering and to facilitate the consummation thereof, it is necessary and desirable to enter into the agreements and understandings set forth herein ;

    NOW, THEREFORE, in consideration of the premises and the representations, warranties, covenants and agreements herein contained, the parties hereby agree as follows :

    1. DEFINITIONS.

    "Bitcoin" and "BTC" mean the virtual currency so known.

    "Profit and Loss Statements" means a statement that lists as a lump sum all Bitcoin income during one calendar month (including non-BTC revenue converted at then prevailing BTC rates) as well as a reasonably detailed break-down, then as a lump sum all expenditure during that same calendar month (including non-BTC expenditure converted at then prevailing BTC rates) as well as a reasonably detailed break-down, thus showing the net result of each calendar month.

    "GPG" means the Gnu Privacy Guard software.

    2. THE INITIAL PUBLIC OFFERING.

    2.1. Transactions Prior To The IPO. Subject to the conditions hereof, BitVPS and MPEX shall use their reasonable best efforts to consummate the IPO, as follows :

    (a) BitVPS, though its acting representative, will cause this exact Agreement to be signed as a clearsigned GPG document and forward this signed document to MPEX ;

    (b) BitVPS, through its representative, agents or assigns will cause monthly Statements of Profit and Loss to be published retroactively for the month of March.

    (c) MPEX, upon receipt of the aforementioned signed document will clearsign it and publish it on a separate page on the MPEX website, and will make reference to this page in relation to BitVPS ;

    (d) Upon publication MPEX will inform its market makers, preferred traders and other significant investors of the opportunity of investment.

    2.2. The Terms of the IPO.

    (a) The Directors have elected to divide BitVPS into 1`000`000 (one million) equal non-voting shares with a total equity value of 1`200 BTC (0.0012 BTC each). In the event of liquidation or breach of this Agreement they solemnly promise and warrant to repay all investors holding shares at this minimum value. The Directors through their elected representative solemnly promise and warrant never to issue more shares either on MPEX or any other venue nor in any way to dillute existing shareholders at any point in the future ;

    (b) Based on the Statements of Profit and Loss published as per 2.1.b above, as well as on evaluation of market demand, future profitability and projected evolution, the Directors have elected to offer in this IPO a total of 150`000 (one hundred thousand) shares, as follows : one block of 30`000 (thirty thousand) shares at a price of 0.0022 BTC each ; one block of 75`000 (seventy-five thousand) shares at a price of 0.0024 BTC each ; one block of 45`000 (fourty-five thousand) shares at a price of 0.0026 BTC each.

    (c) The Directors warrant that no further shares will be offered by them for a period of 30 days from the date these offered shares are sold. The Directors further warrant that they will never sell more than half the total shares.

    (d) The Directors solemnly promise and warrant that all proceeds from this IPO will be used to develop and expand BitVPS and will not be taken out of the company by them. The Directors further solemnly promise and warrant that they will not introduce their own expenses into the expenses of BitVPS, and that all money taken out of BitVPS by them will be in the form of dividends, paid fairly to all shareholders by proportion to the shares they hold.

    (e) The Directors solemnly promise and warrant that complete and accurate Statements of Profit and Loss for each calendar month will be published by them no later than by the fifth day of the new month. Under exceptional circumstances and for good cause the publishing of the Statements of Profit and Loss can be deferred no more than once in a calendar year so that the Statement of Profit and Loss of one month is published together with the Statement of Profit and Loss of the next month.

    (f) Immediately upon publication of each Statement of Profit and Loss BitVPS will pay to shareholders as dividends a fraction of no less than 1/3 of the net profits, if any.

    (g) In the event of the sale of BitVPS or voluntary liquidation thereof, all proceeds will be distributed fairly to all shareholders by proportion to the shares they hold.

    2.3. Conditions Precedent to Consummation of the IPO. The obligations of the parties to consummate the IPO shall be conditioned on the following :

    (a) That in between the time BitVPS has satisfied the conditions laid out as per 2.1.b above and the time set for the IPO there elapse at least 2 (two) full days ;

    (b) That no third party has offered verifiable proof as to the inaccuracy or incompleteness of the published statements and that no market makers, preferred traders and other significant investors of MPEX have publicly proffered doubt as to the accuracy or completeness of the published statements ;

    (c) That none of the signatures used in the creation of this document have expired or have been caused to become invalid or repudiated ;

    (d) That BitVPS has paid MPEX all fees, costs and expenses resulting from the preparation of the IPO, as agreed upon in the Ancillary Agreement.

    3. INDEMNIFICATIONS AND LIMITATIONS OF LIABILITY ; REMEDIES.

    3.1. Neither MPEX, BitVPS or their respective Owners, Directors, Agents or Partners assume any liability for any losses suffered or alleged to have been suffered by any third party as a result of the execution of this Agreement. All third parties are to make their own determinations, satisfy their own due diligence policies and assume for themselves any and all risks involved. In particular compliance with any laws, rules or regulations in effect in any jurisdiction where a third party may find itself is entirely the responsibility of that third party --neither MPEX nor BitVPS make any guarantees or representation as to the legal status of this Agreement in any third party's jurisdiction.

    3.2. Should BitVPS fail to execute this Agreement, as for instance by but not limited to breaching 2.2.e above, MPEX will notify the named individuals of their breach and may, at its sole discretion, suspend BitVPS from trading thus activating the liquidation of BitVPS.

    4. MISCELLANEA

    4.1. This contract is protected as copyrighted material. It may not be reused by different parties without the express permission of MPEX.

    -----BEGIN PGP SIGNATURE-----
    Version: GnuPG v1.4.10 (GNU/Linux)

    iQIcBAEBAgAGBQJPh9J9AAoJEPMDXfodFJyEFJ0P/jm4BebL93P91fiA8nHVLRIh
    L3817zHkvtHBRYydIP5l2tNKP0/YmII0QQQWVaGbvnZquY3C5qih+ufnO294Y8Ah
    HNYE7rlh2JfANd03+2nZvZo735h0rC0q7m2PV0dmv0DbOsVdKhf1utFbid4xYfFB
    mc7CMQNKBHQtHEFB8SVfZyi837H3gffH5+Q7vQFbOgGHoGIBGfzrrS0+xAhZV7Oa
    8Gnn5H2nYbYbkv1UelYmFai4NztCtlw//cy5WvKicHWShLf8IVtVHgVdwQ1Cwy1+
    i5BIfOPUl0z6Ww4h/7dSezm53gaNrXOdMsQejYneWv6DUha0osTh87seklPMuGeX
    uXtOxgKyIXkkbWYgFnYGNMnRHYsoIrwPGz/DpGNURZF3W30LeyuRaU01qRnJ9ssu
    vfUfhzdLTNY/uIfjJnWJZ67jNXYGnvQkdAcbo2XvJaPrHViPXucy2C5owMM70bjj
    Qucxndz2boWywHs8loQjRQWbn+ICJZFpAGT6f//l2Iiv5VqR9b8xGO0BkEARJ4hA
    Bw662d4rro7M3xlNMdCbWR6VY60sVHnf/4jMAt7Erw/gSapfc/eIs5C+oChwHpdg
    R4H41xeoRY006vSLe07PRo27jvUOdPQ03PAhVE4q/IjAO74MHEadV7Y05nWB3aiF
    9eeleK7AvpiBN8JYeHx9
    =iA9F
    -----END PGP SIGNATURE-----
    -----BEGIN PGP SIGNATURE-----
    Version: GnuPG v1.4.10 (GNU/Linux)

    iQIcBAEBAgAGBQJPh9VXAAoJEIpzbw4vt7RSRS0QAJzo4nB1RG71ErApNiht8yP/
    kKGJWIL7NbgqG5VUIAuoShXgCich6QdyuDqHPjhVxFFZqUo5w2xSevOYoeKFRKTV
    vamlrWIBZwo4MjI4/hJGlz7IEKSRcnrCgDV7355hI6x2M/UJMxdKDy5/wpldbQre
    qt7/o85GLSrJyzNN3ZCv3oFdigGLOf8Bsfw/cw85TV/U7rfCOxIyrb91SM8Yo7i0
    nu0fFXU8rYNLBzvOMu5ECAyxTlC+oh2XTaUCgMyVArZAdSfi2gmjRFgc063d7qzB
    BueGt7fme4p5plfee+6q8Mo4hErb90iMBAg57w6SVlGbO93EjOpPQz9NwCebmzFq
    MAfQ0dNoRir0FNqw1z+74wG3ToZhfvKM8HgC7uzPIwDPBR7W5W9lQk/0BHdySDuZ
    5j03khOmrNBP6IO3QcdjGue9Fx2y5dStIeKYBQoPdgw18OpgLEVYatSzms+sET/r
    XULyNLjqPno4bEcl63PNvB4hKAdH0hH9TNObr3EUVHwVzkk2kmpguINZ8KU7YDEg
    F9qEmsGiN3B3RMz7Na3Qv0l5moqSf94NrjzlZpra2U7mn+UGRzvK0tKSKvyRoMWp
    Fsu2tr8GuegFbME7pYshEaFNWCZ9s6wldQ6E5VcqR0UV4KYzOpwKOgJFRxz4NHxd
    KlhNQwH4/rUkLpf+bvHk
    =QPFG
    -----END PGP SIGNATURE-----

    []

  9. To quote :

    2.2. The Terms of the IPO.

    (a)The representatives of SatoshiDice have elected to divide SatoshiDice into 100`000`000 (one hundred million) equal non-voting shares with a total equity value of 10`000 BTC (0.0001 BTC each). In the event of liquidation or breach of this Agreement they solemnly promise and warrant to repay all investors holding shares at this minimum value. The representatives of SatoshiDice solemnly promise and warrant never to issue more shares on any other venue nor in any way to dilute existing shareholders at any point in the future. All future share issuance will be made only a) subject to approval by MPEx and b) at a price no less than the higher of the 1 day average price and the 30 day average price then current on MPEx ;

    (b)Based on their knowledge of the company and its assets, as well as on evaluation of market demand, current profitability and projected evolution, the representatives of SatoshiDice have elected to offer in this IPO a total of 10`000`000 (ten million) shares, as follows : one block of 2`000`000 (two million) shares at a price of 0.0032 BTC each ; one block of 5`000`000 (five million) shares at a price of 0.0034 BTC each ; one block of 3`000`000 (three million) shares at a price of 0.0037 BTC each. These blocks will be offered as follows : the first will go up for sale on August the 24th, midnight GMT ; the second on August the 25th, midnight GMT ; the last on August the 26th, midnight GMT.

    []

  10. Hard to say really. Nominally the price went up towards the end, but that was on very low volume. The asset was relisted and it trades about par, roghly.

    Jul 19 01:20:34 assbot [BTCT:BITVPS] 1D: 0.0018 / 0.00181 / 0.001973 (3948 shares, 7.2 BTC), 7D: 0.001621 / 0.00185 / 0.002198 (15978 shares, 29.6 BTC), 30D: 0.000702 / 0.00153 / 0.0035 (65504 shares, 100.3 BTC)

    []

Category: MPEx
Comments feed : RSS 2.0. Leave your own comment below, or send a trackback.

8 Responses

  1. [...] dice business floated last year on the Romanian Bitcoin securities exchange MPEx, and the entrepreneur said on a forum that investors would get their money back, and then some: [...]

  2. [...] dice business floated last year on the Romanian Bitcoin securities exchange MPEx, and the entrepreneur said on a forum that investors would get their money back, and then some: [...]

  3. [...] were the forgettable FeedZeBirds2 an asset listed on the now long defunct GLBSE and SatoshiDice, listed as S.DICE on the still virile MPEx. If you read the Security and Exchange Commission's actual filing you can see that all of the [...]

  4. [...] UPDATE As S.DICE has been a privately held concern for a while now, this reward is no longer offered. ———A status quite a lot more meaningful in [...]

  5. [...] fake IPOs you might perhaps inflate your otherwise appaling record into looking more like MPEx's. Surely if you scam ten noobies out of half a bitcoin a piece and then create and close fake IPOs [...]

  6. [...] have issued Stock Warrantsi while two others (S.MPOE and S.BBET) have not. Of the two companies previously listed on MPEx (S.BVPS and S.DICE) none had issued Stock [...]

  7. [...] Sure, there's MPEx there, and has been, and has watched scams come and go and come and go and come and go. And it has watched the scammers claim "it could have happened to everyone" except it didn't happen to "everyone", just to them. And it has (through agents hired for the purpose) pointed and laughed at the she-minded investors, which predictably enough hurt their feelings and that's it, because the archetypical female is not capable of learning. And besides, MPEx is "difficult to use" (safety ? wut ?) and the brokers don't exist and you know, "it's all the same". [...]

  8. [...] than BTC did. [↩]See for instance The best investments in the history of Bitcoin as well as The list of discontinued assets on MPEx. [↩]To assuage any possible concern : neither MPEx nor myself personally are currently [...]

Add your cents! »
    If this is your first comment, it will wait to be approved. This usually takes a few hours. Subsequent comments are not delayed.