Why List On MPEx?

benkay: when does it make sense to do a public offering? as in – why would i ever do that
mircea_popescu: would you fuck a stranger ?
mthreat: http://www.youtube.com/watch?v=4Ht9VZ9RB_w
mircea_popescu: lol

benkay: but if i make a profitable thing, why list it on mpex?
peterl: benkay: if you need more capital to grow, then you IPO to get an influx of cash. or if you want hookers and blow now instead of waiting patiently for your money?

benkay: but mike doesn’t need capital. nor kakobrekla. (mike_c, that is). is it a generous donation to the ecosystem? “here i made this thing and by my grace you can partake of its profits”?
mike_c: WoL does need capital. hence the loan from mpif
benkay: i clearly don’t understand WoL in depth.
mike_c: join the club. i’m working on that.

peterl: you are saying there is nothing you could do with more money?
benkay: what does WoL need more capital for? seeding pots?
benkay: <peterl> you are saying there is nothing you could do with more money? // riddle me this – what does bitbet do with the money?ⁱⁱⁱ
peterl: I dunno exactly? Seed bets, buy advertising, maintain servers?

benkay: i wonder what kind of load bitbet supports.
benkay: hey kakobrekla can you clue us into the traffic bitbet’s pushing?
mike_c: bitbet does nothing with the money. it’s a zac

benkay: so then we come back to my question – why would an an0 company list publically?
mike_c: liquidity for the owners is a big reason. and you mean zac
benkay: right, yes i do
mike_c: an0 = asset non-zero

benkay: so there’s the answer i’m looking for – liquidity for the owners.
mike_c: that is one answer. another might have to do with mp’s desire to build an ecosystem. but i’ll leave that answer to him.

benkay: <benkay> is it a generous donation to the ecosystem? “here i made this thing and by my grace you can partake of its profits”? hey i’m learning. slowly, but…

mike_c: you are making me answer for him, which i am not qualified to do. but I would guess two things. 1) yes 2) mayhaps some people benefit from advancing the ecosystem.
benkay: the old “adoption” thing.^iv

benkay: apologies, i didnt mean to imply that i was re-asking the question, more that i’d already guessed that was a reason.
peterl: benkay: so there’s the answer i’m looking for – liquidity for the owners. << as I said, they want their hookers and blow now
decimation: I think there’s a pent-up demand for bitcoin income

mike_c: why does bitcoin price go up? “adoption” seems a poor answer to me. to me it is because the value of the whole system actually increases. perhaps part of that value increase is due to having a more vibrant financial ecosystem.

mircea_popescu: <benkay> but if i make a profitable thing, why list it on mpex? << nobody’s holding a gun to your head no ?
benkay: <mircea_popescu> <benkay> but if i make a profitable thing, why list it on mpex? << nobody’s holding a gun to your head no ? // clearly. but why did bitbet list
mircea_popescu: why the existential q’s anyway ? it’s like “why get married”, “why make friends”, “why eat a steak” or w/e.
benkay: what, listing on mpex tastes good? it does, no q, but is that the sole roi? mostly ’cause i’m a derpy young thing trying to not. lose. money.

mircea_popescu: existential questions are fundamentally broken because things that exist exist in an infinity of ways, whereas things that are represented are represented in a finite manner. the existential question either exploits or bumbles into this fundamental problem. it can never have an actual answer, much like you can’t be delivered the notion of pear or the sadness of joseph.^v

benkay: well, you’ll note the particular questions sprinkled in there.
mircea_popescu: i thought those were answered.
benkay: like – why did bitbet?

mircea_popescu: But in general : a listed company has some advantages, and some disadvantages. Let’s look into it. Capital : a listed company has more capital, and more ready access to capital. Networking : for one thing, your investors are your best PR. Scoring : you get to know how good you’re doing, as a manager. These also work together, like n+s : more people are paying attention, so it works like open source for your accounting, for instance. It also has some disadvantages, such as a loss of control, or association with another party or whatever. Supposedly MPEx manages to mitigate the drawbacks while supercharging the advantages, but this is really like the discussion of whether bitcoin or network difficulty are too high or too low or w/e. A more practical approach is to look at “why do people get into the WoT ?” and go from there. Why do people finish highschool ? Why do people go on to college ? Should everyone with a hs diploma strive to go to college ? etc.

mike_c: MP also has a theory that listing prevents competition because they can just invest in you instead of building a copy.
benkay: Very educational. Thank you all.

mircea_popescu: This is in fact correct. If someone wants exposure to x market, with a company in x market listed his options are “invest or roll your own” but without, his options are “roll your own”. Which is in fact often inefficient. So yes, it IS a gift to the community. Just, not in the sense you’d think. It’s the sort of gift you’re not at a loss for giving, like sharing music.
benkay: One’d only roll their own if the existing solution were such crap that it could easily be beat in the market.
mircea_popescu: Or if they need it. you know ? If you want to make whatsapp and there’s no phone carrier, now what ?

MPEx is that fourth layer of fun for intelligent people. It’s the platform for exposure, growth, and… profit.

So if the question isn’t why list on MPEX, but why not, then the question becomes: how ?

Well, there’s really only 3 steps:

1. WoT
2. Start business
3. List

Are you ready?

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