Topic: [CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 61. (Read 316363 times)

It has become very clear that satoshidice is exacerbating problems in bitcoin. I think it has less to do with what satoshidice represents (gambling) than how they do things. It's the transaction spam. The problem is, they don't seem to care. I find this both ironic and sad, because it's costing them money and there are several easy ways around the problem. For one, not sending confirmations for losing bids would cut their traffic by over 30%, right? Right. But they insist on sending out confirmations on losing bids. Secondly, they could let people use accounts if they want to. This would speed things up from the user's standpoint (so there is a demand) and it would also save money in transaction fees. It would also enable them to add more games and expand their business beyond just the public address game. Also, there is absolutely no difference from a privacy standpoint. So not only would that save them money but it would cut the transaction spam by over 50%. But they haven't done that either.

Yes, "they have to fix it one day anyway". It's true, the blockchain is bitcoin's greatest weakness; people simply do not need 3+ years of cryptographic strength to prove they spent a dollar on an ice cream cone. But satoshidice transaction spam is the kind of thing that will hurt bitcoin before a solution can be found and adopted. Then again, it's only accelerating the obvious. When, not if, the blockchain gets too big (how big is too big?) too many people will be forced into web wallets or other centralized blockchain services, and they will not be able to play satoshidice. So satoshidice will then be forced to allow accounts or it will start losing money.

One wonders why they don't just do it now and save themselves (and us) the trouble.

That's pretty impressive considering February only has 28 days vs 31 days in January

Well I don't keep myself update with exchange rates :-) I have only 1500 shares, so not enough BTC for me :-(
   

I think just about every single person that is invested in SDICE cares about the $$$... There was a net increase in profitability. BTC doubled in value, so actual BTC went down and that makes you sad?

So about 13333 worth of dividends... :-( Less than the last month.. Who cares about $$$.

Record month broken without - edit: almost - no whales, that's very promising.

By my calculations the profit went up from 53343.121178 to 66676.3674579 this month, a gain of 13333.2462799 BTC.

At $33.50/BTC that's $446663 for the month.

That's a lot of 333's and 666's.

Oh, and to answer your question, last month was something like 20021.263926 BTC * 20.6 $/BTC = $412438.

So yes.

so dollar wise this is another record month right?

Eagerly awaiting next month's dividend payout..

That is the risk with trading unregulated securities of an online gambling site on an unregistered securities exchange..

The difference, of course, would be that S.DICE has traded worth northwards of 50k BTC at the present price levels, whereas the entire net worth of the scamcoin you use as an example may be 1/10th of that if anyone actually took the prices currently on offer (and nobody does).

In short, 100 tons of bread that have already sold at 2 dollars a loaf is not something to be compared with 1000 tons of worthless paper waiting to be sold at 50 cents a wad. Not even close, not the same ballpark.

Also, seeing how your average involvement with Bitcoin in between disappearances is less than "a few years" at a time, I think it's very unlikely you'll ever meet the goalpost you propose. Not because of S.DICE, but because you'll have in the interim involved yourself in who knows what other scam a la pirate and felt the need to take another break.

You're the only short term thing in this discussion. Remarkable that you'd have the cheek to lie baldfaced like that tho, "I don't go for pump and dump" bs - the consummate scammers working at equivocating between the real article and their crap. It doesn't wash.

Oh hi, stopped with the trolling now?

Inasmuch as most shares were originally bought at 30-35 and the price has been over 60 for months now it already has been a great investment.


Absolutely. You get dividends for all shares you hold, be they in your account or on the book. As long as they're yours you get dividends.


Yes, they could.

Oh hi Tradefortress.


Happens all the time.


Many people own shares you know.


Which, for the record, happened at least a couple of times, 1 mn shares were notably sold at market a coupla months back taking the price as low as 8 for a couple of hours.


Let's say there's 50-50 odds of someone selling or someone buying, let's say there's 50-50 odds of profit rising or dropping. If you work out the math, half the time profits will be going up when someone's selling or down when someone's buying or whatever. Things happen you know?

Profit went up about 10%... Not some massive jump.

the big whale from last month who spent a lot of coins on S.DICE has disappeared, so profitability will probably go downwards. To sell at 0.6 is a great deal for someone who bought at IPO prices.

Unless you're someone who brought at 0.0044

Maybe it's someone trying to hold down the price of SDICE so they can buy more up.

Probably just someone who bought in cheap and wants to get some BTC and cash out afraid the $30+ price is gonna fall.

If there is a wall then they are not panic selling. Panic selling would be selling those shares down into whatever asks are standing.

+1

Did not try to ask. But who/what is this wall?
I would like to invest, but this is kind of strange.