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Topic: [BF and BTCT] Gamma SatoshiDICE Pass Through - page 8. (Read 34944 times)

hero member
Activity: 532
Merit: 500
So shares at .0056 are gone on bf?

The walls on both sites sold out ages ago.  From what I saw there was maybe 100k up on BF and 50k on BTCT.  The BTCT one sold out slightly earlier (but was smaller).  I've no way of knowing whether all of the shares sold at that price were actually DT's.

DT has to balance risk/reward.  He's having to break his contract to put up any sort of significant walls at all - and if his bid gets over-bid by 1 million+ shares then he could end up on the line for significant difference to get the naked pass-through shares back to being covered.  As he's only making at most a bit under 2% on the actual sales there's no incentive for him to gamble too wildly trying to meet demand.
legendary
Activity: 1025
Merit: 1000
So shares at .0056 are gone on bf?
hero member
Activity: 763
Merit: 500
Darn it, just missed it, hopefully it goes back up.

I don't see the walls up at that price point?
I took the BTCT wall down for the moment as it's manual withdraws and I can't guarantee I will get it out into to purchase the shares. As I have to place the order in a couple of hours before I go to bed.
As for the one on BF, I will refresh it in a moment.
//DeaDTerra
donator
Activity: 1064
Merit: 1000
I don't see the walls up at that price point?
I took the BTCT wall down for the moment as it's manual withdraws and I can't guarantee I will get it out into to purchase the shares. As I have to place the order in a couple of hours before I go to bed.
As for the one on BF, I will refresh it in a moment.
//DeaDTerra
hero member
Activity: 763
Merit: 500
I don't see the walls up at that price point?
donator
Activity: 1064
Merit: 1000
Two big walls are now up on both exchanges at 0.0056 BTC each. ( a 0.0001 BTC margin for me in case the purchase fails and I have to buy for more expensive shares).
If your purchase is under 50 BTC please buy on the exchanges as it's to much for me to handle with tons of small purchases.
Best Regards
//DeaDTerra


Am I correct that you're selling shares in the pass-through before you own corresponding shares in the actual underlying asset?

If so, isn't that breaking your contract which says "Each GSDPT is backed up by one share of S.DICE share." - as any purchases are NOT backed up, you just hope to be able to back them up later.
Yes as of the moment of purchasing they are not backed by 1 share of S.DICE, but I will purchase 1 share tomorrow.
Right now my share balance is plus 40k shares since I purchase 210k this morning.
I will personally pay any difference that might occur and make sure that at the end of the month the books are balanced so that each share is backed by on S.DICE share.
//DeaDTerra
hero member
Activity: 532
Merit: 500
Two big walls are now up on both exchanges at 0.0056 BTC each. ( a 0.0001 BTC margin for me in case the purchase fails and I have to buy for more expensive shares).
If your purchase is under 50 BTC please buy on the exchanges as it's to much for me to handle with tons of small purchases.
Best Regards
//DeaDTerra


Am I correct that you're selling shares in the pass-through before you own corresponding shares in the actual underlying asset?

If so, isn't that breaking your contract which says "Each GSDPT is backed up by one share of S.DICE share." - as any purchases are NOT backed up, you just hope to be able to back them up later.
hero member
Activity: 518
Merit: 500
Two big walls are now up on both exchanges at 0.0056 BTC each. ( a 0.0001 BTC margin for me in case the purchase fails and I have to buy for more expensive shares).
If your purchase is under 50 BTC please buy on the exchanges as it's to much for me to handle with tons of small purchases.
Best Regards
//DeaDTerra


Got it, thanks!
donator
Activity: 1064
Merit: 1000
Two big walls are now up on both exchanges at 0.0056 BTC each. ( a 0.0001 BTC margin for me in case the purchase fails and I have to buy for more expensive shares).
If your purchase is under 50 BTC please buy on the exchanges as it's to much for me to handle with tons of small purchases.
Best Regards
//DeaDTerra
donator
Activity: 1064
Merit: 1000
If you want to purchase shares from the next tranche of 0.0055 BTC per share tomorrow morning please pm me.
I will setup a wall on MPEX and purchase some shares Smiley
Best Regards
//DeaDTerra
sr. member
Activity: 448
Merit: 250
Please put some more shares up at 0.44 Smiley

He has to wait for Mircea to manually approve a BTC deposit on MPEX.
vip
Activity: 1316
Merit: 1043
👻
Please put some more shares up at 0.44 Smiley
donator
Activity: 1064
Merit: 1000
Just wanted to post here to say that DeaDTerra is helping me out with some decent-sized transactions and he has been very helpful and friendly so far.

Can someone point me to an easy explanation of how to set myself up in WOT so I can start my own rep and help DeaDTerra's with a post?  The website is a little cryptic about how to get yourself listed... unless I missed something.
The way I did it was to ask nicely in bitcoin-OTC for some help Smiley
I am pretty bad with such things otherwise I would help you.
//DeaDTerra

Yes, IRC channel #bitcoin-otc on irc.freenode.net was very helpful for me.  Just got my WoT setup, but now I don't know what to do with -- as it, the only transaction I want to do is buy some SDICE, but I don't know how to use WoT to do so.

I guess I need to go back to #bitcoin-OTC and ask Smiley

DeadTerra, you run a passthrough too, eh?
Mine was actually the original pass through Smiley
Done so with both the blessing of Erik Voorhees and Mircea ^^
//DeaDTerra
sr. member
Activity: 364
Merit: 250
Just wanted to post here to say that DeaDTerra is helping me out with some decent-sized transactions and he has been very helpful and friendly so far.

Can someone point me to an easy explanation of how to set myself up in WOT so I can start my own rep and help DeaDTerra's with a post?  The website is a little cryptic about how to get yourself listed... unless I missed something.
The way I did it was to ask nicely in bitcoin-OTC for some help Smiley
I am pretty bad with such things otherwise I would help you.
//DeaDTerra

Yes, IRC channel #bitcoin-otc on irc.freenode.net was very helpful for me.  Just got my WoT setup, but now I don't know what to do with -- as it, the only transaction I want to do is buy some SDICE, but I don't know how to use WoT to do so.

I guess I need to go back to #bitcoin-OTC and ask Smiley

DeadTerra, you run a passthrough too, eh?
donator
Activity: 1064
Merit: 1000
Just wanted to post here to say that DeaDTerra is helping me out with some decent-sized transactions and he has been very helpful and friendly so far.

Can someone point me to an easy explanation of how to set myself up in WOT so I can start my own rep and help DeaDTerra's with a post?  The website is a little cryptic about how to get yourself listed... unless I missed something.
The way I did it was to ask nicely in bitcoin-OTC for some help Smiley
I am pretty bad with such things otherwise I would help you.
//DeaDTerra
hero member
Activity: 518
Merit: 500
Just wanted to post here to say that DeaDTerra is helping me out with some decent-sized transactions and he has been very helpful and friendly so far.

Can someone point me to an easy explanation of how to set myself up in WOT so I can start my own rep and help DeaDTerra's with a post?  The website is a little cryptic about how to get yourself listed... unless I missed something.
hero member
Activity: 756
Merit: 522
I got the dividend for https://bitfunder.com/asset/G.SDICE - thank you.

I think that's unrelated.

Unrelated to what? The topic of this thread is the passthroughs for satoshidice on Bitfunder and BTCT?

Oh my bad, I somehow read it as BTCT only.
donator
Activity: 1064
Merit: 1000
Quote
If you want to buy large amount of shares 5k+ then please pm me.
I don't want to keep to large walls up due to the volatility of the market, but if you want to buy large amount of shares it can be fixed Smiley
//DeaDTerra
Do you sell the shares for mpex price or do add 3% like usual?
I have been selling where I consider the price stable, right now there's a big wall at 0.0075.
The reason why I am not having a massive wall at the exact MPEX price is because I don't want the risk of a price increase before I can acquire the backing for the shares.
If you want to purchase big amount of shares then PM me and we can fix something Smiley
//DeaDTerra
donator
Activity: 1064
Merit: 1000
I got the dividend for https://bitfunder.com/asset/G.SDICE - thank you.

I think that's unrelated.

Unrelated to what? The topic of this thread is the passthroughs for satoshidice on Bitfunder and BTCT?
I think this is highly related and relevant.
//DeaDTerra
hero member
Activity: 756
Merit: 522
I got the dividend for https://bitfunder.com/asset/G.SDICE - thank you.

I think that's unrelated.
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