FANDOM



Mircea Popescu is a Romanian entrepreneur and author. He is the founder and operator of MPEx, a securities and futures exchange denominated in Bitcoin and is a co-owner of the Bitcoin betting site BitBet.us,[1] the hardware security firm NoSuchlAbs[2] and MiniGame[3], a computer game publisher. Popescu also covers cryptocurrency, tech and social topics on Trilema, his personal blog.

Background

Popescu grew up in Cluj-Napoca, Transylvania and graduated from Avram Iancu University in 2002. He has lived in several countries including United States, Mexico, Costa Rica and Egypt, where he co-authored the novel Asylum[4].

Career

Popescu founded Polimedia, a Romanian enterprise resource planning firm, in 2007[5].

He began writing Trilema in his native Romanian in late 2008[6]. Popescu began writing about Bitcoin in early 2012[7] and switched to coverage in English later that year[8]. He has since published prolifically on the topic, notably arguing for the inelasticity of the cryptocurrency amidst changes in supply and demand[9] and describing what he sees as the future of contractual agreements based on cryptographic protocols[10]. He is also outspoken about Bitcoin related scams[11]; Popescu suggested in April of 2013 that since-defunct exchange MtGox was headed for failure[12] and expressed similar concerns about Labcoin in July 2013[13] before the scheme's closure[14].

MPEx, which Popescu started in April of 2012[15], attracted initial media attention[16][17][18][19] internationally[20] following its listing of the bitcoin gambling site SatoshiDice, which sold in July of 2013 for a total of over 125,000 BTC[21][22][23].

OpenBSD fundraiser

The exchange's sponsorship of the troubled operating system OpenBSD in January 2014[24][25][26][27][28][29][30] was largely seen as an unexpected rescue for the project, which Popescu said he admired for its “clamped down, security-minded approach”.[31]

Berkshire vs. Bitcoin Bet

In March 2014 BitBet.us made headlines[32] for its 1,000 BTC bet[33] speculating that Bitcoin would prove to be a better investment than Berkshire Hathaway's BRK-A shares in a year's time.

SEC request

The same month, Popescu revealed that he had received a request to disclose details of MPEx' users and at least one security issuer from the U.S. Securities and Exchange Commission[34]. His candid responses to the commission's request exemplify Popescu's unconventional stance on regulatory authority and sparked widespread discussion[35][36][37] of Bitcoin's relation to traditional regulatory bodies.

References

  1. S.BBET last 50@0.00059000. Mpex.co. Retrieved on 2014-03-23.
  2. S.NSA last 400@0.00015600. Mpex.co. Retrieved on 2014-03-23.
  3. S.MG last 300@0.00015400. Mpex.co. Retrieved on 2014-03-23.
  4. I wrote a book… pe Trilema - Un blog de Mircea Popescu. Trilema.com. Retrieved on 2014-03-23.
  5. SC POLIMEDIA SRL din Dumbravita Str. Szentes 7a, CUI 22530016. Listafirme.ro. Retrieved on 2014-03-23.
  6. In vizita pe Trilema - Un blog de Mircea Popescu. Trilema.com. Retrieved on 2014-03-23.
  7. Bitcoin pe Trilema - Un blog de Mircea Popescu. Trilema.com (2013-08-12). Retrieved on 2014-03-23.
  8. Dragii mei, avem o problema pe Trilema - Un blog de Mircea Popescu. Trilema.com (2013-07-06). Retrieved on 2014-03-23.
  9. Bitcoin prices, Bitcoin inflexibility pe Trilema - Un blog de Mircea Popescu. Trilema.com. Retrieved on 2014-03-23.
  10. GPG contracts pe Trilema - Un blog de Mircea Popescu. Trilema.com. Retrieved on 2014-03-23.
  11. A message to Bitcoin wanna-be scammers pe Trilema - Un blog de Mircea Popescu. Trilema.com. Retrieved on 2014-03-23.
  12. Grave concerns re MtGox pe Trilema - Un blog de Mircea Popescu. Trilema.com (2000-03-20). Retrieved on 2014-03-23.
  13. The anatomy of a scam. pe Trilema - Un blog de Mircea Popescu. Trilema.com. Retrieved on 2014-03-23.
  14. Labcoin has been outed as a scam run by notorious bitcoin scammer Alberto Armandi : Bitcoin. Reddit.com (2013-09-28). Retrieved on 2014-03-23.
  15. MPEx, jurnal de prima zi pe Trilema - Un blog de Mircea Popescu. Trilema.com (2012-08-04). Retrieved on 2014-03-23.
  16. O'Leary, Naomi (2 April 2012). "Bitcoin, the City traders' anarchic new toy". Reuters. http://www.reuters.com/article/2012/04/01/traders-bitcoin-idUSL6E8ET5K620120401. Retrieved 23 March 2014. 
  17. A Review of MPEx, the Bitcoin Stock Exchange. Loper OS. Retrieved on 2014-03-23.
  18. Matonis, Jon (22 January 2013). "Bitcoin Casinos Release 2012 Earnings". Forbes. http://www.forbes.com/sites/jonmatonis/2013/01/22/bitcoin-casinos-release-2012-earnings/. Retrieved 23 March 2014. 
  19. Buterin, Vitalik (5 February 2013). "January 2013: Bitcoin News Roundup". Bitcoin Magazine. http://bitcoinmagazine.com/3251/january-2013-bitcoin-news-roundup/. Retrieved 23 March 2014. 
  20. http://trilema.com/wp-content/uploads/2009/07/big-in-china.jpg
  21. Ludwig, Sean (19 July 2013). "First big Bitcoin acquisition: gambling site SatoshiDice bought for $11.5M". Venture Beat. http://venturebeat.com/2013/07/19/first-big-bitcoin-acquisition-satoshidice/. Retrieved 23 March 2014. 
  22. Spaven, Emily (18 July 2013). "Bitcoin company acquisitions begin: Gambling site SatoshiDice sells for $11.5m (126,315 BTC)". CoinDesk. http://www.coindesk.com/bitcoin-company-acquisitions-begin-gambling-site-satoshidice-sells-for-11-5m-126315-btc/. Retrieved 23 March 2014. 
  23. 1 Comment Tweet bitcoin (2013-08-23). Lightspeed Venture Partners » At least half of all Bitcoin transactions are for online gambling. Lsvp.com. Retrieved on 2014-03-23.
  24. Romanian Bitcoin Entrepreneur Steps In To Pay OpenBSD Shortfall - Slashdot. Bsd.slashdot.org (2014-01-20). Retrieved on 2014-03-23.
  25. Tilves, Monica (21 January 2014). "Rescatan a OpenBSD a base de Bitcoins". Silicon Week. http://www.siliconweek.es/noticias/rescatan-openbsd-base-de-bitcoins-52733. Retrieved 23 March 2014. 
  26. Lopez, Manuel (20 January 2014). "OpenBSD busca patrocinadores". Unocero. http://www.unocero.com/2014/01/20/openbsd-busca-patrocinadores/. Retrieved 23 March 2014. 
  27. Bright, Peter (20 January 2014). "OpenBSD rescued from unpowered oblivion by $20K bitcoin donation". Ars Technica. http://arstechnica.com/information-technology/2014/01/openbsd-rescued-from-unpowered-oblivion-by-20k-bitcoin-donation/. Retrieved 23 March 2014. 
  28. Bansal, Sudhir (21 January 2014). "OpenBSD Project survived after $20,000 Donation from Romanian Bitcoin Billionaire". The Hacker News. http://thehackernews.com/2014/01/OpenBSD-Romanian-Bitcoin-Billionaire-donation.html. Retrieved 23 March 2014. 
  29. Nourrir les vaches ! Openbsd a reçu des fonds.. LinuxFr.org (2014-01-19). Retrieved on 2014-03-23.
  30. 8:52. Rumunský miliardár zachraňuje projekt OpenBSD - Linux Mint CZ&SK. Test.linux-mint-czech.cz. Retrieved on 2014-03-23.
  31. Finley, Klint (22 January 2014). "Bitcoin Baron Keeps a Secretive Open Source OS Alive". Wired. http://www.wired.com/wiredenterprise/2014/01/openbsd/. Retrieved 23 March 2014. 
  32. Vigna, Paul (18 March 2014). "BitBeat: Bitcoin Gets Shakespearean". Wall Street Journal. http://blogs.wsj.com/moneybeat/2014/03/18/bitbeat-bitcoin-gets-shakespearean/. Retrieved 23 March 2014. 
  33. BitBet - Bitcoin to surpass Berkshire as an investment. Bitbet.us (2014-03-16). Retrieved on 2014-03-23.
  34. Interacting with fiat institution, a guide pe Trilema - Un blog de Mircea Popescu. Trilema.com. Retrieved on 2014-03-23.
  35. Dougherty, Carter (20 March 2014). "Gambling Website’s Bitcoin-Denominated Stock Draws SEC Inquiry". Bloomberg News. http://www.bloomberg.com/news/2014-03-19/gambling-website-s-bitcoin-denominated-stock-draws-sec-inquiry.html. Retrieved 23 March 2014. 
  36. O'Brien, Terrence (20 March 2014). "SEC investigation of Bitcoin-based stock sale could lead to broader regulation". Engadget. http://www.engadget.com/2014/03/20/sec-investigation-of-bitcoin-based-stock-sale/. Retrieved 23 March 2014. 
  37. Dean, Michelle (20 March 2014). "Bitcoin Trading Exchange Spurns Thirsty SEC". Gawker. http://gawker.com/bitcoin-trading-exchange-spurns-thirsty-sec-1547952895. Retrieved 23 March 2014. 

External links

This article uses material from the Wikipedia article Mircea Popescu, that was deleted or is being discussed for deletion, which is released under the Creative Commons Attribution-ShareAlike 3.0 Unported License.
Author(s): Biruitorul Search for "Mircea Popescu" on Google
View Wikipedia's deletion log of "Mircea Popescu"
Wikipedia-logo-v2