Topic: [CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 55. (Read 316442 times)

Well, no BTC was stolen (unless mp ran away with the coins).

This is just downtime really.

++1  BTC-TC

+1

no one cares about the average price, people care about the last price.  And the last price was quite low.  That is what he was talking about, the fact that the price dipped down to IPO levels..

Ouch, that sucks about the hack. I guess they have to change the big headline that says something like "The only Bitcoin service that hasn't been hacked" to "another Bitcoin service that has been hacked".

Hopefully they get it resolved soon.

Just people dealing with the problems of liquidity in this market... 30 BTC hit

I'm going to wait another 30 days before I decide how I feel about it though

Must have pissed off Anonymous somehow.  Everyone knows that they are responsible for all hacks.

HACK THE PLANET

The evil WH haxxors.

When did mpex get hacked?

bahahahahahaha

Thats what happens when you run your website out of some guys basement. I suggest sdice be moved to a more secure exchange.

My suspicion is that ianbakewell may be part of the DDoS.

And MPEx is now redirecting to whitehouse.gov

+1. S.DICE will slowly increase back up after the storm settles.

I don't think anything that complicated fundamentally is taking place here.  When the exchange rate was roughly flat or a slow increase, SDICE was a nice way to increase your BTC holdings, especially as it corresponded with the news reports about SDICE's earnings in 2012.

However, as the value of a bitcoin increases rapidly against the dollar, it is a bad idea to hold it in SDICE.  I have lost 28 BTC (market value of over $1300 at today's price), in a couple of months, while getting dividends of 1.7 BTC.  Had I simply held onto my bitcoins, those would be worth $2300, while instead my shares + dividends are worth $1000.  Holding a stock denominated in BTC greatly increases your risk (stock price can go up or down, as well as the value of the BTC it's valued in), so it primarily makes sense in a stable exchange environment.

MPEx wasn't down. The website (mpex.co) was inaccessible to some due to somebody trying to DDOS the service. As explained here that doesn't work, MPEx is immune to DDOS attacks. The people that had read that at the time, as well as the people who know that Bitcoin finance happens on #bitcoin-assets on Freenode were fine. The people that hadn't read it and stick to secondary / irrelevant venues were temporarily delayed.


This forum is down for about two to five hours every week. MPEx was never down (at all) since it was started - and that's in 2011. Get your facts straight, this sort of nonsense is offensive.


No.


Possibly some people want to realize profits. Also MPOE options saw major activity (we're talking ~40k+ BTC notional exposure these past 24 hours only - that's close to half of all MtGox trade or more than all the other exchanges combined) which perhaps required liquidity (it's unlikely that large players sold S.DICE to clear BTC, but it's probable they forewent buying any).


Well now, see above. 

A total of 6,670,790 shares were sold this month alone, at an average price of 0.00588503 per share (39,257.82 BTC total). So, what are you talking about?

I don't know.  Nobody seems to be commenting on business-related reasons for the stock's diminishing popularity.  As far as I can tell nothing major has changed to the way the business runs nor to its popularity with players since it was commonly traded in the high .007x.  I see no reason to lose confidence and follow suit selling at what seems currently to be very low to me.

I guess we'd need time with the usd/btc in the new range to see whether the influx of new money coming into bitcoin that took the exchange rate so high is reflected in a corresponding increase (relative to USD) in the amount bet on SD*?  With as crude an instrument as watching the SD bets go by on blockchain.info I have no reason to believe it is different.  dooglus's magnificent data and charts don't either give me reason for concern on that front.  The recent losses don't tell us anything new so my only conclusion is SD investors may on the whole be a bit more fickle and SD considered as a less long-term-thinking reasoned investment compared say to other betting stocks on the stock market?

It is not much more difficult to own SD shares than it is to play SD so thinking about it that way may generate lots of interest in part-ownership when stocks are on the rise and there's a buzz about it then when all the excitement is back on the usd/btc side with SD plodding along doing its thing with a few more losses than average and maybe it's simply losing interest.

*  Sorry, I didn't word that very well.  What I'm wondering is if the amount bet in BTC can stay constant or increase despite the increase in exchange rate.

people are selling because btc/usd jumps ?

Idk whats going on but i watched three of my bets lose and not even show up in recent transaction...

MP just confirmed that mpex.co is under DDoS, but trading goes on normally whole day using proxies like:

mpex.5gbfree.com
mpex.host56.com
mpex.coinbr.com

If using pyMPEx , change the url in source code. As long as you verify the reply GPG signature (recent pyMPEx does), and make sure you got reply with different date/signature every time, you are 100% safe using proxies.

Actually you dont. Its only late converters that are affected. Early adopting whales are still playing.