Topic: [CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 4. (Read 316363 times)

First, insider trading makes markets more efficient and should not even be a crime. If there should be a crime then it should be applied to those in a position to wield the violence of the State to change financial outcomes but ironically in the US they are granted immunity.

Second, this has been a great example of subjective value theory and asymmetric information in action.

Third, unfortunately there is no way for Erik to 'take away this suspicion' because of the non-AML/KYC nature of the MPEx exchange. For example, he could of had a second or third or fourth, etc. account(s) that he used to buy shares with. It would be impossible for MPEx to determine whether the accounts were linked. Thus, it is impossible for Erik to either prove or disprove whether he bought any or a large amount of shares over the past month. It is what it is.

So at the end of the day it comes down to the application of the MPEx contract. In this case, it appears it was honored fairly. Sure, there can be some disagreements but under the business judgment rule I doubt any of them rise to the level of materiality. So just pick up your bitcoins and go forward. Bleeting like a stuck sheep is not helpful for your balance sheet.

They are defending him because they don't know the full story, are shills, or simply brown-nosing so they can get in on his next stunt.

At the very least we will be following his activity, so that when that next big 'announcement' or 'business venture' pops up, we will make sure anyone even thinking about getting involved with him know exactly what happened here.

SatoshiDice might have been a highly profitable scam, but it will be his last.

Exactly. I think it is pretty clear he is a sociopath who pulled off a very complex scam. There are just way too many coincidences that went his way.

Erik address public concerns!? HA!

Honestly, to me it looks like this whole thing was a few months in the planning.

-The 'Big announcement' that was meant to be given months earlier was infact this sell off.

-After realizing his demonstration of complete incompetence resulted in lower share price ( Therefor lower buyback costs to him) he followed that path.

- "Hey guys Americans can't play anymore", "new I.T guy with double salary", " 'Hired' a PR that doesn't do PR" , "I'm taking my money from the pool that was never explicitly mine", "I'll address your concerns later" (later of course meaning never), "We're working on the site..just we can't show or tell anything to do with it".

After a solid 2-3 months of all this negative news... Share prices fell!? Market confidence was lost!? ..Then some anon decides to buy a few mil because obviously SDice was appearing to have such a bright future ahead of it.

I mean if this really is coincidence (like the coincidence when he was calc'ing employee payments during the $2xx/btc peak...and randomly timing it so well that his payments where strongly in his favor - paying from random intervals in the month where btc price was 100< )

This chain of events is indicative of something different to Erik's story - 'Everything was just by chance, good timing'

I mean open your eyes! I can't believe there are still people bleating 'good job erik, ur tha  best ontroponor evar'. Get an idea of the full context on what has happened here and it'll paint a pretty clear picture of what has really been going on.

There is the possibility that he did screw everyone over in much bigger terms than we think....I believe we will never know the answer to that question.

If he delved into insider trading, bots on SDICE etc. then he basically bought is way out of jail/hell with a few thousand btc. 

The relative high price for shareholders was only relatively high because the company was doing poor, which is also his responsibility. Running the company poorly but negotiating a good price, that evens out to neutral in my book.

Doi...yes for some reason I wrote Evan. I meant Erik.

With evan you mean Erik Voorhees?

My business was a private corp and I was the only shareholder, so I could do what I want as I didn't have any responsibility to report to external shareholders. If I had external shareholders I would be ethically required to reveal my new role in the corporation.

Right now I stay on the books as a consultant and occasionally I do have a phone conversation with the new owner about tech details and deals I had in the past with vendors and big customers...so he can still say we are part of a "team". 

With these virtual corporations being basically unregulated I can see that it could happen the same with one of them as well.
Ethically I would hope they would be open and transparent about the sale or control of the funds being switched to another person.

In this case Evan could have just performed a buyback at 110% or whatever, then transferred ownership of the corporation to the new owner without telling anyone it was even sold. He didn't have to pay out as much as he did, so I'd say he was admirable in his intentions to the shareholders. (He could have really screwed over everyone much much worse.)

Already done on MPEx:

https://bitcointalksearch.org/topic/m.2759323

When is the S.Dice payout supposed to happen?

IMO MPOE-PR is an example of bad Negative PR. The bad part comes from the fact we know MPOE-PR represents MPOE.

doesn't apply

https://en.wikipedia.org/wiki/Public_relations#Negative_PR

helping children but thats not the point

MPOE-PR is not a pr HE constantly insults people.

What's the good way of being a pedophile? 

PTs have obviously seen a disbursal among other equities, but that certainly isn't the whole story. As a great deal of funds were already in MPEx, it appears a good amount flowed into MPOE and the other listed gaming stocks.

Is this legal?

That happens all the time...I sold my online business this past December and the new buyer wanted to remain as anonymous as possible due to the goodwill I had built up with my customers over the previous 5 years of operations.

He actually didn't even want the sale announced...he just wanted to be listed as a part of my "team" when in reality he took over the entire operation. The entire thing goes under a non-disclosure in the sale agreement and life goes on.

If it wasn't for the buyout and getting rid of the outstanding shares I'm sure this is scenario a possibility for any of these funds as well.
Possibly the people who started these funds may not be the people who are running them now...

The magical power of the Internet anon to shape reality at work. You see, if "Voodah" were to say somewhere on some thread that X is not Y, then therefore that immediately becomes the case.

Hope and pray he doesn't one day wake up with an urge to post here that the Sun won't rise tomorrow. We could be pretty majorly screwed.

All hail the great Internet anon. Please don't fuck astronomy up with your magic keyboard thingie.


Try harder.