Topic: [CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 24. (Read 316363 times)

Thank you! Agreeing with sometihng so obviouse, yet it seems like a triumph to have another see it in the same light, while the rest of these people posting are just being willingly iggnorant. And defensive of that stance too! It's appauling.



Activism, regardless of the context of it. Be it Rosa Parks fighiting for civil rights or this forum where I am fighting for some truth, a slightly grandiose comparative perhaps. But if you beleive the things that I'm asking for are unjust, EXPLAIN WHY. The 'other people making the standards' of business documentation are doing so insuffiencly, and I have every right to voice my (and others) oppions that it is so.
--'The Army documents that they have 'lots of troops' over seas.' Somebody wrote that, setting the standards, learn to cope. NO. That's utterly ridiculus. You clealry must be a fatality of the current system of schooling, being - Parot everything you're told, discourage the use of your own and others critical thinking and beleive always that those with power above you always have your best interests in mind. Please, stop displaying this behavior and perpetuing it in others.


@RationalSpeculator
I've come to the conclusion you're name is intentioally ironic. I get the joke now!

Actually that is a bit surprising considering ASIC is the most liquid stock atm

They hold 1.4 million shares, so 1.4% indeed. Mpex 13 million? (minus havelock 1.4 = 11.6 million)?

Kind of an interesting phenomenon seeing how Havelock holds about 1% or something like that?

Havelock SDICE Passthrough has same volume as MPEX SDICE, around 380,000/MPEX and 350,000/Havelock past 30 days

I see a -

Maybe you should look at the actual asset (the one on MPEx) instead of looking at the pass-throughs, which have much lower volumes.

LOL, I guess you have one of those megalomania episodes ... AGAIN! Your "standard" is a joke, dipshit! Learn to cope with that.  LOL 

Wtf, I'm like impressed with Korbman allofassudden.


In his defense however, while it's quite often the case that the activist shareholder is a royal pain in the butt and waste of everyone's time, it's nevertheless always the case that the activist shareholder is seen as the troublemaker evil scapegoat. But for that difference between always and quite often there'd be no sound business in the world.


You don't get to make the standards, and you don't even get a say in it. There's other people making the standards. Learn to cope.

https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dHB2dVdiaEltUHAtTWlBcFhXQVBYeGc#gid=0

I have to agree Abu22, those "financial statements" are a joke. Who made them? That "IT guy"?

BTW, I can not find the current balance sheet or the annual report for 2013

This may be a market/exchange fragmentation issue, but I was not looking at Havelock.  It appears that they are issuing shares of a proprietary fund that is made up of shares of SD, but they are not a place trading in actual shares on a 1-1 basis, so the prices they reflect are for shares of their SD-based fund (presumably with a premium on top).

I was using https://bitfunder.com/asset/G.SDICE for my data, which has fairly different values (looking at the 3- and 6-month charts)

Are you sure?

I am looking at prices on havelock 'charts'. On the 9th of april when bitcoin peaked out at $266, sdice bottomed out at 0.0012. In the next 7 days bitcoin prices tumbled to a low around $50 on the 16th of April, while sdice went up again and reached a high of 0.0042 on the 15th of April. So while bitcoin prices were cut by 5, sdice did quadruple. Pretty close match I would say.

Since then prices of bitcoin have about doubled from $50 to the current $120, while sdice has about halved from 0.0042 to the current 0.0020. Also a pretty good match I would say.

From this evidence I think it is correct to conclude that the exchange rate of bitcoin is strongly inversely correlated to the sdice share price. If bitcoin goes up, sdice shares will fall in btc price. If bitcoin goes down, sdice share will go up in btc price. It's not perfect, but it's close.  

This means that sdice is a good protection against falling btc prices. But equally it's a no go if you want to profit from rising btc prices.

Cash does a better job in protecting against falling btc prices, than sdice, but cash does a worse job in profiting from btc rises, than sdice.

By 'all this' I assume you only mean one of the things I'm asking about... And no, obviously it's not. Hence why I am asking about it. Could you have not checked for yourself?

For the first time (may) the expenses have been detailed with comments. If you believe that this information is sufficient to determine these discrepancies..Please, do share.

(mm/dd)
- Head I.T payed 94 btc  value @ $106 (05/02) (conveniently not the 1st (~$130) ..or any of the rest of the month that spent most of the time between 110 -132. Obviously wasn't on the 3rd where it dropped to 80 for a moment because that wouldn't be an instant red flag...But still the second lowest)

This new Head it has a monthly payment of just under $10,000. No explanation as to why it's double from the legacy IT guy. (Who is still employed and payed 20 btc - no date supplied)

So in April the Head I.T dev was payed 52.9 btc. (Which is supposedly capped at $5000 worth {5000\53 =94} ). April 1st price was between $93-104. While increasing to 200+ up till April 10th. So again, conveniently payed on the 1st (not the 2nd like above). And 90 btc to a systems operator. No disclosure of their pay cap..And very suspect going ons here.

Refer to February. Systems Contractor 100 btc: "This will be a recurring monthly expense. It is compensation for the site's IT contractor. This would make you assume that this person is the Head I.T person. But instead we see this systems operation and the Head I.T dev being paid in April.

If you know who this repeat 100btc payee is (who only has appeared from feb - april) please call crime stoppers on ###-##-##. (lol I don't know if you have crime stoppers in the U.S)

Can you see how these ~100 btc payments are calculated, who they're for (what that payee is doing that's worth 100btc) and why they suddenly appeared...then paired with the I.T head...then disappeared...leaving us with two people still - the new I.T dev and the old I.T dev.

If you think these documents provide answers, rather than beg questions... You must either need more or less medication.
 
These of course are worth nothing more than the words themselves without any tx records provided.

If anyone can demonstrate some understanding of this...Then call me out on it, show me that I'm being an idiot for thinking this doesn't add up. Otherwise please refrain from criticising my inquisitions... If you cannot provide the answers let me ask the person who can.

Honestly, I'm surprised at the amount of resistance I'm meeting in asking all this... What do you all have against establishing the truth? Are you not Bitcoiners? Have you already lost sight of what it means to free? All you're doing is relinquishing your own freedoms and then trying to drag others down with you to do the same, you do it to yourselves.

Abu22, isn't all this in their monthly reports? You know, the Income/Expense with PL statement and the monthly balance sheet.

​
OK, by all means tell us all how you think 'businesses are run' if you truly are implying that a undefined floating salary is a good idea (With no explanation of how it's calculated), how a newly employed and high cost I.T professional is hired while we have both the website domain expiring, huge periods of down time and delayed returns on a site that prides itself on it's instant results. THEN another I.T employee hired, while keeping the old one to 'teach' him/her the ways... Mind you the new employee last monthly payment was of the worth $10,000 ..Compared to the head I.T persons prev cap of (apparently) $5000. If you really think having an issue with this is 'not understanding how businesses are run' then yes, I'd keep your mouth shut because if that's how you plan on running yours... I feel sorry for the fools who follow you off the cliff.

More so if the business model is to only reply to positive feed back (as above with the less than 12 hr response time) while neglecting to answer in full any queries relating to some serious matters surrounding the running of SD...  ( Please, if you really want the full context of the situation, begin reading from page 66, where I initially began bringing up these matters as they arose. That was at the beginning of April, still with no substantial answer. Despite my efforts to keep the questions from being buried in irrelevance of the pointless ' aww Erik's trying so hard leave him alone, we love you' shit posts...So  as you read through the 2 months worth of posts you really s​houdn't be surprised by the increasing level of annoyance.


Thanks Sigmund. How about basing your argument on something of substance rather than your numerous appeals to pathos. Seriously, just have a go at refuting any point you like using logic and reason. Not some unbacked worthless opinion you conjure from the most primitive part of your mind. Now don't go have a cry and comeback with some comment that because you where offended the entire substance of all of my posts becomes void.

This goes the same for you Korbman. If you agree that there are questions that still are needing to be answered, but disagree with the approach I'm taking to getting them answered... What would you suggest? Asking politely doesn't yield a response, asking numerously doesn't either. Asking about anything that's going on doesn't seem lead to any response. And the only thing that does seem to get any feedback is the posts of disdain..Which become more and more deserved as the basic underlying questions get ignored and evaded.




Dynamically choosing a day in the month, each month to be your billing day for individual costs is not consistent. And what is last months big announcement being delayed for?

If you have the time anyone, I wouldn't mind hearing your thoughts on having simple text links advertising like http://bitcoinity.org/markets ... More revenue, and more support for other BTC ventures to get a footing, It's not about money, it's about assisting in strengthening the foundations of BTC as a means of business. (Valid and thoughtout critisims and comments only. None of that, 'I hate ad's therfor NO' - reason WHY.) ...Lol we should start using btcbets.com to guess the time it'll take for a response.

Though I agree that there are questions yet to be answered, I wholly disagree with the approaches taken to ask them..so I suppose we're on the same page there. I can read post after post of troll threads and simply ignore them, regardless of whether or not valid questions are posed.

That said, I also encourage questions (threads on my business ventures are a testament to that). I suppose before was more of a reaction to troll threads where it seemed people where vexed by the company's "mismanagement" and their dwindling returns. I dunno..I babble from time to time.

As for my holdings, I've been buying and selling since January and haven't had a loss yet. Sold when I thought it was overvalued, bought again when it dropped. Dumped everything I owned when Erik sold some of his shares since I figured dilution would take over in the long run, not to mention the BTC price was skyrocketing (or at least starting to). For the most part people are pretty finicky about bad news (especially here in BTC-land)..so paying attention to Dooglus's daily SD stat postings has helped with the buy low / sell high pattern. As it is right now, I'm not holding anything (missed a buy opportunity last week)..but I'll certainly buy again when the time strikes.


TL;DR - I agree..more communication would be nice. Stock prices go up and down all the time for any number of reasons, that's not what concerns me. I'm more interested in the direction the business is going and any underlying objectives to get there. With that info, I'm more inclined to allocate funds to long term holdings instead of my previous strategy.


My opinions are what they are: opinions

To be honest, I actually laughed out loud after reading this sentence. It's quite apparent you have no idea what KCIM is or what my Notes entail..and that's another topic for another thread, let's stick to SDice. On that note, where did I say that 20% was abnormally high? I just double checked my previous posts, but I can't seem to find it..


Transparency is an option, not a requirement. Those of us who detail how our companies run are doing it more as a courtesy than anything else. Yes, there are consequences should we neglect transparency..that's not what I'm arguing.

Besides, as fcmatt just noted above, SDice's books are open to all. I'd say that's quite transparent.

Is not sd the most transparent because of that savvy bitcointalk user who does reports of win and loss?
You can tell how the biz is doing almost to the exact btc.

Now how it is ran, managed, whatever is something else... But the books for the gambling operation are wide open.

Agree with Pale Phoenix.

I consider myself pretty level headed and objective when it comes to my investments.
There are certain things that have transpired that ought to be fully disclosed to shareholders.  

Also, Korbman, 20% annual ROI is not that impressive when your share is denominated primarily in BTC, which is inherently risky.  I consider all of my Bitcoin investments extremely high risk; ergo, I would expect higher than 20% annual ROI.

With my fiat investments, I am content with 4% annual ROI, to give you some reference of expectations.

Also, Korbman, as an investor, I would suggest you withhold opinions like these, particularly when you run another investment fund... when you say that 20% annual ROI is abnormally high and above expectations, that doesn't give me much hope for KCIM.

EDIT: Moreover, I have personally witnessed Abu ask Erik a straight forward question for nearly a month now, and has been ignored every time.  If share funds are going towards an "IT guy" I want to know the full conditions of this payment (as well as what the hell this guy is doing).

Why?  Because it is MY money I am giving to him.

If Erik didn't want to be transparent about his company, he shouldn't have opened an IPO.

The tone of some of these posts is certainly off putting, and some of the participants are obviously immature, but that doesn't mean there aren't real questions to be answered. I'm sure most CEO's don't especially like being called out on the carpet during their annual meetings either, but when you are an adult, and you handle other people's money, you have to expect it, and handle it professionally.

There is an incredible lack of transparency and communication in these BTC ventures, and while we all knew that going in, it certainly doesn't mean we shouldn't press for more disclosure. And of course some investors don't understand how the businesses is run; they have invested their money to purchase the benefit of someone else's expertise.

Your attitude seems to be that people who've invested should have no right to ask questions, because, well darn, just look at that return. I don't know when you bought your shares, but there are obviously many who haven't seen 20% this year. But that's beside the point anyway, as there is no inverse relationship between profit and disclosure.

Bottom line: if you communicate plans and challenges in a timely, professional manner, you have far less confusion and discord. That should be as self evident as the absurdity of appointing someone with the disposition of Triumph the insult dog to speak on behalf of the company.

Well, judging by the rather jaundiced condition of your ignore button, I don't think it's just me and my mice over here.

You just go on spouting nonsense about how the rest of us with real, actual, assets evaluate investments. It's a nice complement to the incredibly effective PR 2.0 you've introduced to the Internets.

Seriously, comparing what you do to public relations is like comparing Costco potato salad to Pommes Dauphinoise.