Quote
Asset owners on MPEx do not have backup databases of the ownership records, and this is by design. The only way they will obtain such records will be if MPEx is closed.
Exact words of MP himself.
Topic: [CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 63. (Read 316442 times)
February 09, 2013, 04:11:28 PM
Since Erik has asked for this clarification:
Exact words of MP himself.
Exact words of MP himself.
February 09, 2013, 03:29:31 PM
May be it helps if you would explain your rationale behind the sell.
In this specific instance, one of the few large private owners wanted to sell some of his stake to me. I bought it, and resold part of it on MPEX. On net, my stake actually increased, though everyone saw it as me "dumping"
February 09, 2013, 01:32:07 PM
It's just a psychological thing, that's all. "Tranche" doesn't have the negative connotation that "insiders dumping shares" has.
I don't blame the large investor(s) at all for selling at a tidy profit, even if the outlook is bright. It'd be very hard not to lock in some gains.
I don't blame the large investor(s) at all for selling at a tidy profit, even if the outlook is bright. It'd be very hard not to lock in some gains.
February 09, 2013, 01:20:31 PM
Yeah, these are certainly not "tranches"...these are simply shares being dumped by the larger investors.
But the term "tranche" makes the process sound a bit more positive.
But the term "tranche" makes the process sound a bit more positive.
What exactly do you think is negative in this entire discussion and how exactly does "tranche" make anything sound positive or more positive or less negative or w/e?
This was only a tiny percent of my holdings, and only the first "tranche" (okay if it has quotes around it? =) was listed far below market.
Add to that the observation that if people had bids in at the time, it wouldn't have been listed "below market". It's okay to be a little sore about not having had enough buyside orders in when it counted. It's not okay to pretend it's the seller's fault.
February 09, 2013, 12:56:11 PM
1) No more shares will be listed by me for the foreseeable future.
2) Can we please stop using the term "dumping shares?" I think it's a bit hyperbolic, no? A "dump" would be dropping tons of shares at market price. This was only a tiny percent of my holdings, and only the first "tranche" (okay if it has quotes around it? =) was listed far below market.
2) Can we please stop using the term "dumping shares?" I think it's a bit hyperbolic, no? A "dump" would be dropping tons of shares at market price. This was only a tiny percent of my holdings, and only the first "tranche" (okay if it has quotes around it? =) was listed far below market.
A tiny percent of your holdings but a much much bigger percentage of the free-float and percentage wise a pretty steep discount to the last traded price for the first 2 1 mln share 'batches'....
February 09, 2013, 12:53:11 PM
May be it helps if you would explain your rationale behind the sell.
February 09, 2013, 12:47:16 PM
1) No more shares will be listed by me for the foreseeable future.
2) Can we please stop using the term "dumping shares?" I think it's a bit hyperbolic, no? A "dump" would be dropping tons of shares at market price. This was only a tiny percent of my holdings, and only the first "tranche" (okay if it has quotes around it? =) was listed far below market.
2) Can we please stop using the term "dumping shares?" I think it's a bit hyperbolic, no? A "dump" would be dropping tons of shares at market price. This was only a tiny percent of my holdings, and only the first "tranche" (okay if it has quotes around it? =) was listed far below market.
hero member
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It's all fun and games until somebody loses an eye
February 09, 2013, 11:48:12 AM
Tranche announcement - I'm going to keep the 3rd tranche available for another 24 hrs (until 5pm EST Saturday). After that, I'll remove it and will not be adding any other shares to the market. I'll hold on to the 4th and 5th tranches as it seems the market is satiated with the current supply.
Aaaand its gone.
Someone bought all of it!
It will be interesting to see whether this buyer bought for the dividends or for trading. If the latter any 'recovery' towards previous highs would I guess be slow with this (and other traders who bought 'low' this week) selling them off if, as and when the price rises again.
Obviously this buyer bought for a quick buck on trading. The bought just after Evoorhees anounced that he would remove the offer and not put another one, so essentially he is removing his boot from the throat of the market which was keeping the price form going up. This buyer saw a great opportunity, I bet they will make a bunch of coin off selling these shares higher than eevoorhees was listing them.
February 09, 2013, 08:41:44 AM
Yeah, these are certainly not "tranches"...these are simply shares being dumped by the larger investors.
But the term "tranche" makes the process sound a bit more positive.
But the term "tranche" makes the process sound a bit more positive.
February 09, 2013, 08:38:29 AM
Tranche announcement - I'm going to keep the 3rd tranche available for another 24 hrs (until 5pm EST Saturday). After that, I'll remove it and will not be adding any other shares to the market. I'll hold on to the 4th and 5th tranches as it seems the market is satiated with the current supply.
Aaaand its gone.
Someone bought all of it!
It will be interesting to see whether this buyer bought for the dividends or for trading. If the latter any 'recovery' towards previous highs would I guess be slow with this (and other traders who bought 'low' this week) selling them off if, as and when the price rises again.
February 09, 2013, 08:34:46 AM
Tranche announcement - I'm going to keep the 3rd tranche available for another 24 hrs (until 5pm EST Saturday). After that, I'll remove it and will not be adding any other shares to the market. I'll hold on to the 4th and 5th tranches as it seems the market is satiated with the current supply.
and for fcuk sake, stop using the word "Tranche" in this context.
Definition of 'Tranches'
A piece, portion or slice of a deal or structured financing. This portion is one of several related securities that are offered at the same time but have different risks, rewards and/or maturities. "Tranche" is the French word for "slice".
Got it?
February 09, 2013, 08:03:03 AM
Tranche announcement - I'm going to keep the 3rd tranche available for another 24 hrs (until 5pm EST Saturday). After that, I'll remove it and will not be adding any other shares to the market. I'll hold on to the 4th and 5th tranches as it seems the market is satiated with the current supply.
Aaaand its gone.
Someone bought all of it!
Will there be a fourth tranche now?
February 09, 2013, 07:40:04 AM
Any serious interest to buy is at 0.00444440 and if this is held there by a trading bot, you know what happens at first sign of selling.
Evoorhees, here are some ideas how to do secondary issues:
1) Find larger buyers off the exchange and set some limits to how fast they can dump this stuff on the exchange (or you will get fucked buy them, when you plan third placement etc)
2) set a schedule and announce the sale before you do it.
and so on...
here is a preliminary draft https://bitcointalksearch.org/topic/m.1483884 . Yes, it need some more work. You are welcome to use it and make it better Deprived made some good comments (and some too emotional) but you get the idea.
PS! sdice needs a better home than this hut of shit, it has now.
Evoorhees, here are some ideas how to do secondary issues:
1) Find larger buyers off the exchange and set some limits to how fast they can dump this stuff on the exchange (or you will get fucked buy them, when you plan third placement etc)
2) set a schedule and announce the sale before you do it.
and so on...
here is a preliminary draft https://bitcointalksearch.org/topic/m.1483884 . Yes, it need some more work. You are welcome to use it and make it better
Deprived made some good comments (and some too emotional) but you get the idea. PS! sdice needs a better home than this hut of shit, it has now.
February 09, 2013, 05:43:46 AM
Lets wait till the market recovers, Then evoorhees will dump again and everyone that bought higher feels F`ed.
February 09, 2013, 03:26:33 AM
Gee this is starting to sound like a real market and everything.
February 08, 2013, 09:31:33 PM
Tranche announcement - I'm going to keep the 3rd tranche available for another 24 hrs (until 5pm EST Saturday). After that, I'll remove it and will not be adding any other shares to the market. I'll hold on to the 4th and 5th tranches as it seems the market is satiated with the current supply.
do you plan on selling more shares?
will you offer the last 2 million shares next week? next month?
February 08, 2013, 08:08:56 PM
Quote
Is it safe to assume that future stock releases are a possibility over time?
Quote
(c)The representatives of SatoshiDice warrant that no further shares will be offered by them for a period of 30 days from the date these offered shares are sold. The representatives of SatoshiDice further warrant that they will never sell more than half the total shares.
2.2.c : http://mpex.co/?mpsic=S.DICE
38% can come any time on market
February 08, 2013, 05:44:46 PM
Tranche announcement - I'm going to keep the 3rd tranche available for another 24 hrs (until 5pm EST Saturday). After that, I'll remove it and will not be adding any other shares to the market. I'll hold on to the 4th and 5th tranches as it seems the market is satiated with the current supply.
Sounds good. Is it safe to assume that future stock releases are a possibility over time?
February 08, 2013, 05:20:28 PM
Tranche announcement - I'm going to keep the 3rd tranche available for another 24 hrs (until 5pm EST Saturday). After that, I'll remove it and will not be adding any other shares to the market. I'll hold on to the 4th and 5th tranches as it seems the market is satiated with the current supply.
February 08, 2013, 10:13:36 AM
No need for new features or games. S.DICE works wonderfully well and has everything required to satisfy the market it wants to capture.
Stick to core competencies.
I would like to see the bet limit raised and advertising for S.DICE absolutely everywhere tho.
Using the funds to strengthen the bankroll (to increase bet size while reducing the houses risk of ruin) and cover every page on the internet with the word "bitcoin" on it in a S.DICE advertisement (bring in all the new people discovering bitcoin.) ... I also think they should seek out more partners they can integrate into like they have with the wallet at blockchain.info
I think all three would be good. I'd thought of the roulette one as an app that has (or a web page with a poppup window of) a spinning wheel from the moment the bet is placed that just keeps on spinning till the result is known and lands accordingly. It would be interesting to find out if reducing the dividend to strengthen the bankroll to increase the limits would pay for itself or not because even a small increase on the higher payout bets would require a much bigger bankroll. Stick to core competencies.
I would like to see the bet limit raised and advertising for S.DICE absolutely everywhere tho.
Using the funds to strengthen the bankroll (to increase bet size while reducing the houses risk of ruin) and cover every page on the internet with the word "bitcoin" on it in a S.DICE advertisement (bring in all the new people discovering bitcoin.) ... I also think they should seek out more partners they can integrate into like they have with the wallet at blockchain.info
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