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Topic: [CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 31. (Read 316434 times)

member
Activity: 80
Merit: 10
Stop bloating the forum with retarded shit like this @ RationalSpeculator.

Deleting your intellectually content-less posts would be appreciated.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
I'm not arguing, just offering a fairly empirical opinion.
arguing does not equal argument

opinion does not equal argument
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
I've been an S.DICE investor/supporter for about... 4 months now.  Not a long time, admittedly, but I think it's pretty clear here that those pulling the reins of S.DICE have ulterior motives.  There has been absolutely nothing in the way of developing and improving the game.  Embedding it in other casinos.  Etc.

There is just nothing from my point of view that leads me to believe that Evorhees WANTS S.DICE to succeed.  I believe there is much more going on behind the scenes than most of us investors would want to know.

This is all just pure speculation of course, mind you, the proof is in the pudding.  Does any one here see any sort of reason for the shares to appreciate in the coming future?  Most likely not.

Where is the argument?
member
Activity: 80
Merit: 10

1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.

Your servers are not located in the US and you only accept payments in BTC, so you're not falling under any of their money transmitting AML bullshit.

What I see your real options as are,

1) Leave US access open, any action taken by the US would be futile - Only once they are forced to come up with some abstract reason that you must cease and desist your operations in the US then you might want to consider complying to a website take down. Not only would this undermine the US for using such underhanded actions, but would no doubt stir up media attention (Which is a good thing, because we need these kinds of things in the public eye, there are far too many people still unaware of bitcoins existence at all) If the USA doesn't want it's citizens to access SDice, let them be the ones to blacklist it.

Or

2)Kill your customer base with no effective means of actually protecting yourself from what you're trying to be protected from. If the US wants to fuck you over for providing online gambling...You're still doing it without the site, you're still breaking their laws. You had that crappy stand alone client developed that bypasses this, the way the gambling on the blockchain works bypasses this...

So the best thing you can really do is provide a disclaimer on the website stating that It MAY be against US law to gamble on this website - If you're a citizen of the USA please refrain from gambling here - We won't know if you do though - Achieves the same thing you do.


It's like owning an illegal brothel then saying you'll take down the sign out the front to avoid getting in any trouble.



Also questions posted previously and waiting on response.

- Has the $5000/month cap changed for the new employee?
- How is the conversion calculated (because I see no consistency between months) ...Start/End of the month, btc average month price, expected trend value? The information on how these numbers are calculated are integeral to ensure honest business is being conducted, and that we're not just shitting magic numbers...As well as a demonstration that the last 2 months did have some sort of calculation alg in common so that we can see there was no deceit involved in the past addtional fees.
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)


Where did that come from and I want to know how he makes it legal Ha-ha or scam ad XD

Ha, it's from the TV show 'Breaking Bad' ..and it's amazing

Ha-ha thanks for the reference still ponders why its in a satoshi dice thread but nice Smiley
legendary
Activity: 1064
Merit: 1001


Where did that come from and I want to know how he makes it legal Ha-ha or scam ad XD

Ha, it's from the TV show 'Breaking Bad' ..and it's amazing
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)


Where did that come from and I want to know how he makes it legal Ha-ha or scam ad XD
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Totally unrelated I get the impression there is more sdice trading on havelock than on mpex itself.

For example, right now there have been 86700 shares traded on havelock (16th of May) versus 23800 on mpex (day volume).

The past month it's about the same around 320 000 shares have traded on havelock versus 300 000 on mpex.

That's because there are, like, 5 people on MPEx that paid the fee to become a member...compared to Havelock, which is open to the publicly created accounts.

50 Bit a pop is a bit too pricey for me to join also I could not understand the interface well technically I can but that still looks messy it works though. I heard there are advantages with MPEx as they are direct and not passthrus and get an IPO edge not sure about that now with more exchanges though, so besides the 5% dividend cut on funds not sure much else differentiates them, but possibly more choices.
Of course big spenders would want that 5% dividend if they had a million bucks Smiley Get their 50 BTC back fast
Or the ability to make passthrus on other exchanges and get 5% for redistributing
Also that 50 BTC was worth more less 50,000 in at current rate assuming 100 bucks at 20 bucks where it would be reasonable 1000 lol
legendary
Activity: 1064
Merit: 1001
Totally unrelated I get the impression there is more sdice trading on havelock than on mpex itself.

For example, right now there have been 86700 shares traded on havelock (16th of May) versus 23800 on mpex (day volume).

The past month it's about the same around 320 000 shares have traded on havelock versus 300 000 on mpex.

That's because there are, like, 5 people on MPEx that paid the fee to become a member...compared to Havelock, which is open to the publicly created accounts.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
Totally unrelated I get the impression there is more sdice trading on havelock than on mpex itself.

For example, right now there have been 86700 shares traded on havelock (16th of May) versus 23800 on mpex (day volume).

The past month it's about the same around 320 000 shares have traded on havelock versus 300 000 on mpex.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
Are there plans to expand satoshi dice into other casino games? I feel like there is an opportunity to expand with other games before another online casino pops up with more options. S.dice is the most popular place to bet Bitcoin, but that could change rather quickly if they do not start to offer more gaming options.

This has been discussed some 5/10/20 pages back. Though I have never seen Erik his opinion on this, other then his actions, that speak loudly Smiley
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
Um... The website is still up in the US.??

Yes, indeed!
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
it would have been nice to have some heads up for investors of what S-Dice was doing so people would not get such a surprise

Sdice had the choice to announce this change the moment they decided on it, maybe that was some weeks ago, or the moment they would implement it as they did. What difference would it make? I think the effect on the share value would be similar.

That being said, I wouldn't mind being on the insider knowledge list before it hits here Wink
member
Activity: 85
Merit: 10
Um... The website is still up in the US.??
full member
Activity: 143
Merit: 100
Are there plans to expand satoshi dice into other casino games? I feel like there is an opportunity to expand with other games before another online casino pops up with more options. S.dice is the most popular place to bet Bitcoin, but that could change rather quickly if they do not start to offer more gaming options.
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
it would have been nice to have some heads up for investors of what S-Dice was doing so people would not get such a surprise

How might investors be made aware of it, without posting here? Smiley
Put it in the excel spreadsheet as new recalculations without telling anyone and have people figure it out  Grin
Or
Don't know same way ASIC does it just says what their up to but that's harder without posting Smiley
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
it would have been nice to have some heads up for investors of what S-Dice was doing so people would not get such a surprise

How might investors be made aware of it, without posting here? Smiley
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Once the price falls to where it belongs (about a 90% haircut all-in-all, I wager, before staging a small recovery)

Are you serious?

Based on what rational/calculation do you come at this number?

Yes I'm serious, just think about it. US traffic would probably account for at least 50% of Satoshidice volume -- that is, the traffic which will be affected by this decision. Real US traffic would probably be north of 60%. The reason why I'd posit 90% is because there are reasonable doubts over management's ability (or desire) to keep the business going given the huge cut to revenue they will now face -- especially given their conduct over previous business models such as feedzebirds. How do we know that evorhooes isn't going to dump this and go work on something else now that he isn't going to be making anywhere near what he made earlier? I expect the price to hit .001, at least, over those concerns. I'd probably start buying in under .001, because I take a somewhat longer term view -- but I am also watching for another share dump on the horizon, it's now or never for evorhooes/staff to sell into a high priced market. So overall, given a former price of 0.0045 I think a 90% drop is about right, and then a slow recovery up to about 0.0009 to 0.001. I'm certainly not buying shares at the current price given recent news.

Full disclosure, I do own a couple thousand shares iirc.

Well they did just risk mitigate the whole USA so they can avoid that gambling risk, that said if its just the page and the keys are still around we need to wait till the dividend to see how much it really does affect it.
But that said wonder if the Excel Spreadsheet needs new recalculations
https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dHB2dVdiaEltUHAtTWlBcFhXQVBYeGc#gid=0
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)

1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.


Your investment in legal counsel the past months shows beautifully Smiley  The legal uncertainty was extreme for satoshi dice and you have now considerably reduced that. Another great move Erik.


Ofcourse my sympathies to everyone that took a loss on the value of their shares. That's never fun.  

True there is a risk for slower growth, but better to risk slower growth than risk sudden death!

I think Satoshi Dice became a much better investment today. Much more legal certainty and better valued.

Agree the risk has been mitigated fairly well, once people start noticing it might appreciate back to old levels sooner than later, that said it would have been nice to have some heads up for investors of what S-Dice was doing so people would not get such a surprise


Once the price falls to where it belongs (about a 90% haircut all-in-all, I wager, before staging a small recovery)

Are you serious?

Based on what rational/calculation do you come at this number?



I think it seems rational to want to buy something for only 10% of the price, and then sell it for more later  Cool

That rush to 0.12 was close enough for me  Grin
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