10 Jan '13, 11pm

SatoshiDice Earns $6,500,000 Valuation on Sketchiest Stock Exchange Ever #bitcoin

SatoshiDice Earns $6,500,000 Valuation on Sketchiest Stock Exchange Ever #bitcoin

We people in the Bitcoin world have short memories, apparently. It wasn't very long ago that the Global Bitcoin Stock Exchange disappeared into the ether, leaving hundreds (thousands?) of investors high and dry while the owners of the listed businesses scrambled to straighten out the mess; the scrambling continues to this day. Why then, would a site like MPEx , which I think runs the same software that powered Apollo 13, be able to convince investors to pour $650,000 into the SatoshiDice stock that's listed on their site? Is that the most shocking part of this story, or is it the fact that, as a result of the above, SatoshiDice has a valuation of $6,500,000? Are we crazy? Are Bitcoiners insane? Or is this just what the beginnings of a new financial paradigm happen to look like? Screenshot of Pong... I mean... a Bitcoin stock market.

Full article: http://www.thebitcointrader.com/2013/01/satoshidice-earns...

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