Topic: [CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 36. (Read 316442 times)

The custom client has been available in beta for a while now
I think it is quite nice and I use it whenever I play SatoshiDice
https://bitcointalksearch.org/topic/update-satoshidice-android-and-desktop-apps-open-beta-v11-124093
//DeaDTerra

Is that one of those secret projects being available soon ?

I have to side with the lady here. I recently opened a new asset offering up for discussion and it only took a few hours before someone questioned me taking a management fee of 5% of dividends, which currently amounts to about 1% yearly of the actual value of the asset.

If you want McDonald's employees running your assets, then your assets might start to appear on the dollar menu.

Satoshi Roller is a custom Bitcoin client designed to play Satoshi Dice.

Without prejudice to the actual numbers, which Erik is welcome to explain (I have no connection/inside information), I'd like to point out the insanity of the Bitcoin peanut gallery. On one hand the "expectation" is that Bitcoin corps "aren't cheap" and don't do things like "the cheapest OVH package". Generally speaking all food eaten must be top quality because that's just how the Bitcoin peasantry rolls, nothing but hermeline and sable (since birth!!!).

If it ever comes to the actual bills being presented, however, that same peanut gallery suddenly changes shape and composition. Everybody has been living so far out of whatever food scraps they found under their own fingernails (since birth!!!) and there's no conceivable good reason for things to go any other way.

This cannot work, and I suspect one of the reasons you don't see revenue reports from virtually anyone other than MPEx-backed people is that pretty much everyone without MPEx backing is scared shitless of you idiots and this time of idiocy.

Go suck on a doughnut you found (in its original wrapper!!!) behind a police station. Programmers cost money, and $100 an hour is more common than hairs on your mom, and this sort of inane bullshit has to go (preferably, and if at all possible, alongside you yourselves, Bitcoin isn't for either idiots or poor people). Or to quote myself (from earlier in this very thread),


Read that entire post, it'll benefit.

Sure, but a little more transparency wouldn't hurt either.

Dude, you are overeacting. SD having pro-staff is a good thing.

Thinking the same thing...

But again, no word for almost a week...

This has got to be a joke...

For April:
Earnings   3813.93462751   btc
Hosting/Tech Expenses   12.2   btc
Head IT April Pro-Rated   52.945   btc
Systems operator   91.7   btc
Legal   25.51   btc
IP Rights to SatoshiRoller   40.46   btc   
Loss Carryover   0   btc
---------------------------------
Net Profit   3591.11962751


The pro-rated Head IT expenses ( max cap/52.945 )..So $5000/52.945 btc = $94.4376 average price... April was below $100/btc for maximum 5 days.  You're not averaging the month because March's average was higher than $50/btc. Which does not correlate with the 100 btc payment.

And now you're adding another Systems operator...whos (cap?) is $8660..If you're using the same averaging technique as above...It seems like your just letting 'The Ghost of Satoshi roll the dice and pick a Lucky Number' that you claim as the fee's.

This is appalling.

Erik,

There is a new cost charged for April: 'SatoshiRoller IP rights'

I was under the impression SD owned the IP rights themselves. How high will these IP costs be over time?

hello erik I am the moderator of reddits /r/litecoin board. My traffic stats have been exploding this month so either litecoin is a really big fad or the market wants it to stick around. how difficult would it be to add litecoin support to satoshidice?

Soooo March's system operator fee (100btc) shouldn't be deducting the full 100 btc from the sites net profit? Half the month of march was above $50/btc...And don't tell me you pay at the start of each month...Not only because that would be a ill advised move but also because that would set the precedent for a much much smaller payment for the first of April (~$100/btc)

I'm sorry for being so picky about all this business that's going on, but if I could see some proof of what your claiming instead of finding proof that discounts what you've claimed then my mind would be at ease... Also you missed out the comment about the project...even if it is that you're still unwilling to disclose anything about it... If it's that top secret I hope your promises are more than that of a politicians.

Great, thanks Erik.

The agreement was 100btc with a cap of USD $5k in value. So the next expense will be significantly lower, and will be changed in the near future again as the new head developer takes over.

Mind giving us a dash of insight as to what this undisclosed project is themed around? eg. new games etc, site stability, alt coin implimentation, chat feature? I understand if you might wish to be vague but please at least provide some detail of the illusive new project.

Another thing you missed mentioning in your bulk reply was the issue surrounding the 100btc /month payment for the I.T guy/s. You of all people should be well aware of the issue of a flat rate in btc. After working with bitinstant who's main goal is to facilitate a workaround to the constantly fluctating price of bitcoin, you'd imagine you'd take into account the fact that 100 bitcoins are almost certaintly not going to have the same spending power each month. And in the case of a massive spike in value that 100 bitcoin could the total profit of the site (while still being inline with the average profit value)

Care to make a comment on any of this please Erik?

+1  I've heard rumors the bitcoin network will enable messages at some point, this will be extremely helpful for SD.

You might as well consider putting polite pressure on bitcoin foundation to get access to send simple, occasional messages to the users and shareholders alike directly via bitcoin network

I would love for MPEx to add a feature that enables an asset owner to send simple, occasional messages to the shareholders (maintains anonymity and guarantees that only shareholders get access).

Please put (polite) pressure on Mircea to consider improving the MPEx platform in this way

Erik, I am going to go ahead and say that this was overdue, but thanks a lot for taking the time to post this.

Have you considered a mailing list for shareholders, or some method of pushing out communications?  When the homepage for the site goes down, a week or two is a long time to wait for any information.

Hey all, I apologize for my absence on the forum. I am indeed alive and well, and I am indeed moving forward with SD development.

- I am no longer employed with BitInstant, but have joined Ira Miller (who is also no longer with BI) to expand and grow Coinapult. More details on this in the future. Coinapult and BitInstant are strong business partners with a great relationship, but we needed to be separate entities, with Coinapult HQ'd in Panama for a number of reasons. So yes this means that I am not a US resident anymore.

- I'm still in the process of getting legal advice and working out the corporate structure for the SD entity going forward. I wish everything was as simple and elegant as Bitcoin itself, but hopefully this groundwork will set the game up nicely for the future.

- I've hired a full time developer and admin for SD, who started on the 15th of April. He's been building test servers, learning the system from the prior admin (fireduck, who is staying on to consult in various ways since he's done a great job with security). I've also hired a manager who has significant gaming industry experience. He'll be taking over my role over time so that my busyness is not adversely affecting the site.

- The satoshidice.com domain had expired several days ago (thought it was auto-renewed but clearly not). Problem was sorted immediately and no lingering issues there.

- The developer's main initial project is undisclosed right now for competitive reasons, but I hope to have it ready in a month.

- SatoshiDice is a leading sponsor of the Conference in San Jose next month. Look for considerable brand exposure there.

- I am quite satisfied with SD's handling of attempted double-spend attacks. This took some work to fine-tune, and we continue to monitor it, but it's a well-contained issue at the moment.

- I do not actively monitor this thread, though I probably should. I apologize.

- I agree SD needs a formal PR/customer service rep. I will work on this. If any of you think you'd be good for this role, please contact me on skype. You cannot be a US resident.

- To those of you who have contacted me to convey potential security issues or have other types of recommendations, thank you sincerely. It is inspiring every day to be part of this community that continually, and charitably, builds and improves the various projects and companies that constitute Bitcoin. This movement gets stronger every day.

- I've never been more bullish on Bitcoin. Things are getting out of control, in a good way

As always, people are welcome to contact me via email or skype (skype is preferred). My skype ID is the same as my forum name.

Kind regards,
-Erik

EV has been here long enough, so I presume this is something he understand well.

With that in mind, my guess is that there's something going on that a) consumes 100% of his time, b) could be detrimental to the business if brought to the public's attention without first being resolved, c) received advice to temporarily cease communication (such as what happened with Nefario and GLBSE), or d) a mix of any or all of these situations (as well as others I may have missed).

Not really my strong point, communication.

It just illustrates how poor the official SD communication has been if people think having me as PR would be an improvement!