Bitcoin Pete @bitcoinpete · 3h @bendavenport @coindesk You too, Ben? Where did you get the idea that @BitPay was the "biggest?" It's called MPEx. Cripes. @Mircea_Popescu

Mircea Popescu @Mircea_Popescu · 2h @bitcoinpete @bendavenport @coindesk Well maybe they mean "largest among our largely irrelevant pool of inbreeding" or something.

Ben Davenport @bendavenport · 37m @Mircea_Popescu @bitcoinpete Legitimately curious. I don't remember seeing that MPEx had raised anything in that neighborhood.

Mircea Popescu @Mircea_Popescu · 35m @bendavenport @bitcoinpete Probably because you've not put in your 6 months of #bitcoin-assets lurking like #bitcoin aspirants should.

Ben Davenport @bendavenport · 31m @Mircea_Popescu @bitcoinpete Guilty as charged. No need to be coy about details though. MPEx is on AngelList, so you must admit Ohio matters

Mircea Popescu @Mircea_Popescu · 27m @bendavenport It closed 5% for 38k BTC ~ a year ago. It may take another 5 to 10% in a year or two, but again Ohio won't matter. Cause BTC.

Ben Davenport @bendavenport · 24m @Mircea_Popescu But at the time that was a $4M raise. Still a ridiculously good pre-money, but can't really compare to a $30M raise.

Mircea Popescu @Mircea_Popescu · 18m @bendavenport Yes, but you see, BTC still doesn't care about Ohio. Your 30mn is 20k BTC and no more. MPEx mkt cap is... 1mn BTC, not less.


Ben Davenport @bendavenport · 13m @Mircea_Popescu You're conflating mkt cap (which is suspect here due to illiquid market) with investment size.

Mircea Popescu @Mircea_Popescu · 11m @bendavenport MPEx is actually trading on a liquid market. Bitpay is... you know. Not. And the discussion was "largest", nothing else.

Mircea Popescu @Mircea_Popescu · 9m @bendavenport That aside, you're trying to impose an irrelevant unit of account (usd). Bitcoin stuff is Bitcoin stuff, and 20k BTC < 30k BTC

Ben Davenport @bendavenport · 5m @Mircea_Popescu Largest *raise*, not largest company. $GOOG valued at 418M BTC. So what?

Mircea Popescu @Mircea_Popescu · 1m @bendavenport "Largest raise by someone I know", aka "best all-white jazz band". Just a little #racist dontchathink.