[CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 79.

ShireSilver

sr. member

Activity: 382

Merit: 253

Quote from: evoorhees on December 30, 2012, 12:55:38 PM

Fair warning... December is gong to have a huge dividend payout (likely over 1900 btc to the asset holders). If you were ever thinking of owning some shares of S.DICE, do it in the next 24 hours. Holding a million shares will yield you over 190btc from Dec. earnings alone.

1m shares costs roughly 3,700btc right now at MPEX
190btc would be 5.1% yield in one month... and this is legitimate, transparent profits.

And for all you who already own shares, Merry Christmas Wink

Damn, I was gonna buy some more shares, but I'm still waiting on the funds in my Paysius account.

Ukyo

sr. member

Activity: 448

Merit: 250

Quote from: evoorhees on December 30, 2012, 12:55:38 PM

Fair warning... December is gong to have a huge dividend payout (likely over 1900 btc to the asset holders). If you were ever thinking of owning some shares of S.DICE, do it in the next 24 hours. Holding a million shares will yield you over 190btc from Dec. earnings alone.

1m shares costs roughly 3,700btc right now at MPEX
190btc would be 5.1% yield in one month... and this is legitimate, transparent profits.

And for all you who already own shares, Merry Christmas Wink

And if you do not have an MPEX account, you could also buy some s.dice shares via DeadTerra's pass-through on BitFunder. Wink

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Fair warning... December is gong to have a huge dividend payout (likely over 1900 btc to the asset holders). If you were ever thinking of owning some shares of S.DICE, do it in the next 24 hours. Holding a million shares will yield you over 190btc from Dec. earnings alone.

1m shares costs roughly 3,700btc right now at MPEX
190btc would be 5.1% yield in one month... and this is legitimate, transparent profits.

And for all you who already own shares, Merry Christmas Wink

Bugpowder

sr. member

Activity: 394

Merit: 250

Quote from: evoorhees on December 17, 2012, 11:51:09 AM

Hey all,

Regarding this double-spend phenomenon, I wanted to allay concerns. We're aware of it and have been examining the issue. We do not think it is a significant problem, though we're taking certain precautions. Primarily, bets without a fee are now not accepted, meaning the original method of these double-spends is no longer effective. We're also taking a couple steps which are trade secrets, but that should further insulate us from similar exploits.

BitcoinMagazine just wrote a piece about this... http://bitcoinmagazine.net/instant-transaction-fraud-an-explanation/

We're also figuring out a way to deal with transaction spam - some people are sending us many transactions or outputs of .000000001 btc. We may set it so that these spam transactions are kept by the site and considered donation, because they negatively effect the experience for legitimate players. In any case, we're considering some options and will post any rule changes to the site and to the relevant threads on this forum.

And if you haven't noticed, Dec. is shaping up to be the best month ever for shareholders Wink

Thanks for the update Erik. Dec is ALREADY the best month for shareholders, ~9% gain is share price valuation.

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Hey all,

Regarding this double-spend phenomenon, I wanted to allay concerns. We're aware of it and have been examining the issue. We do not think it is a significant problem, though we're taking certain precautions. Primarily, bets without a fee are now not accepted, meaning the original method of these double-spends is no longer effective. We're also taking a couple steps which are trade secrets, but that should further insulate us from similar exploits.

BitcoinMagazine just wrote a piece about this... http://bitcoinmagazine.net/instant-transaction-fraud-an-explanation/

We're also figuring out a way to deal with transaction spam - some people are sending us many transactions or outputs of .000000001 btc. We may set it so that these spam transactions are kept by the site and considered donation, because they negatively effect the experience for legitimate players. In any case, we're considering some options and will post any rule changes to the site and to the relevant threads on this forum.

And if you haven't noticed, Dec. is shaping up to be the best month ever for shareholders Wink

rini17

sr. member

Activity: 340

Merit: 250

GO http://bitcointa.lk !!! My new nick: jurov

Quote from: Bugpowder on December 16, 2012, 09:12:50 PM

Quote from: Bugpowder on December 15, 2012, 10:12:09 PM

Quote from: evoorhees on December 05, 2012, 04:01:51 PM

Today SatoshiDICE hit 2 million bets placed.

Please upvote here if you can: http://www.reddit.com/r/gambling/comments/14cepn/satoshidicecom_hits_2_million_bitcoin_bets_over/

Not to mention over 2 million shares of the IPO sold yesterday as well... Only 539,000 left before the second Tier sells out.

Update : down to 45,327 shares left before Tier 3.

Aaannd..it's gone. Now only 3 million shares from Tier 3 at 0.0037 are left.

Bugpowder

sr. member

Activity: 394

Merit: 250

Quote from: Bugpowder on December 15, 2012, 10:12:09 PM

Quote from: evoorhees on December 05, 2012, 04:01:51 PM

Today SatoshiDICE hit 2 million bets placed.

Please upvote here if you can: http://www.reddit.com/r/gambling/comments/14cepn/satoshidicecom_hits_2_million_bitcoin_bets_over/

Not to mention over 2 million shares of the IPO sold yesterday as well... Only 539,000 left before the second Tier sells out.

Update : down to 45,327 shares left before Tier 3.

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: Stephen Gornick on December 15, 2012, 01:29:58 AM

Quote from: dooglus on October 31, 2012, 11:16:34 PM

I very much doubt they would still be allowing 0-confirmation bets if they were seeing such an attack happening.

There is a person reporting success in two of three attempts to double spend against the site.

The tactic is to create the initial spend using a spam-like transaction (e.g., over 1K of data, from lots of small transactoins) and pay no fee.

That transaction will not confirm anytime soon -- perhaps for many hours.

If the bet ends up being a losing bet, then from a another client, create the double spend transaction and include a nice fee. The client will transmit and rebroadcast the double spend transaction. Most peers won't accept the transaction as it is a double spend, others do and also will try to relay it. Eventually a miner (apparently using a custom client that will prefer the replacement transaction with the higher fee) will mine a block that includes the second (double-spend) transaction.

Here's the thread on that:
- https://bitcointalksearch.org/topic/m.1401014

This is a pretty big deal.

Quote from: Bugpowder on December 15, 2012, 10:12:09 PM

Quote from: evoorhees on December 05, 2012, 04:01:51 PM

Today SatoshiDICE hit 2 million bets placed.

Please upvote here if you can: http://www.reddit.com/r/gambling/comments/14cepn/satoshidicecom_hits_2_million_bitcoin_bets_over/

Not to mention over 2 million shares of the IPO sold yesterday as well... Only 539,000 left before the second Tier sells out.

Interesting how those numbers match up!

Bugpowder

sr. member

Activity: 394

Merit: 250

Quote from: evoorhees on December 05, 2012, 04:01:51 PM

Today SatoshiDICE hit 2 million bets placed.

Please upvote here if you can: http://www.reddit.com/r/gambling/comments/14cepn/satoshidicecom_hits_2_million_bitcoin_bets_over/

Not to mention over 2 million shares of the IPO sold yesterday as well... Only 539,000 left before the second Tier sells out.

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Quote from: dooglus on October 31, 2012, 11:16:34 PM

I very much doubt they would still be allowing 0-confirmation bets if they were seeing such an attack happening.

There is a person reporting success in two of three attempts to double spend against the site.

The tactic is to create the initial spend using a spam-like transaction (e.g., over 1K of data, from lots of small transactoins) and pay no fee.

That transaction will not confirm anytime soon -- perhaps for many hours.

If the bet ends up being a losing bet, then from a another client, create the double spend transaction and include a nice fee. The client will transmit and rebroadcast the double spend transaction. Most peers won't accept the transaction as it is a double spend, others do and also will try to relay it. Eventually a miner (apparently using a custom client that will prefer the replacement transaction with the higher fee) will mine a block that includes the second (double-spend) transaction.

Here's the thread on that:
- https://bitcointalksearch.org/topic/m.1401014

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: evoorhees on December 03, 2012, 10:28:16 PM

Things went great! Here's a snippet: http://calvinayre.com/2012/11/30/conferences/social-gaming-asia-summit-summary-ao-video

Bitcoin is mentioned at 1:45 and the full Bitcoin-only interview will be put up at CalvinAyre probably this week. Notice in that article, "The stars of the conference were the team from BitInstant.com."

We had a couple very interesting meetings with some business owners down there. I cannot give specifics because it has to do with people trying to circumvent capital controls... but suffice to say that Macau has started to learn about Bitcoin and the casinos there are going to become increasingly interested. From one guy who ran some VIP gambling rooms, he told us, "I need to learn about this right away because within a few months every casino is going to be using this stuff." I think his timeframe is a bit optimistic, but he understood that it's a matter of "when" not "if."

The audience thought SatoshiDice was awesome, and a representative from the Isle of Man government has now become very interested in assisting Bitcoin companies with a friendly jurisdiction (BitInstant, and perhaps SatoshiDice, will be in further talks with him over the coming weeks).

Oh that's great. Props!

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Today SatoshiDICE hit 2 million bets placed.

Please upvote here if you can: http://www.reddit.com/r/gambling/comments/14cepn/satoshidicecom_hits_2_million_bitcoin_bets_over/

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

November Statement

The dividend for S.DICE has now been paid for November. It was a great month! Enough profit was earned not only to cover the -2k loss from Oct, but even so, over $4k in net earnings on top of that was achieved.

Summary:
Earnings: 6146.78744309
Hosting/Tech Expenses: 60
Loss Carryover from Oct: -2071.07115151

Net Profit 4015.71629158
10% MPEX Dividend 401.57162915

Volume over past 30 Days 180,827.90
Actual Profit over past 30 Days 6146.78744309
Expected Profit over past 30 Days 3435.73008515

Updated P&L: https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dG5SQklHZG4wRm1GMW9DRWpMMW5UQkE#gid=7

S.DICE shareholders earned over 15% interest on an annualized basis from the month of November. Booyaa.

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Quote from: MPOE-PR on December 03, 2012, 05:51:32 PM

Quote from: evoorhees on December 03, 2012, 12:00:12 PM

Hey all, quick update - the Nov. dividend for S.DICE will go out within 24 hrs. I apologize for the delay, just got back from Hong Kong and Macau!

How did things go? Blogpost?

Things went great! Here's a snippet: http://calvinayre.com/2012/11/30/conferences/social-gaming-asia-summit-summary-ao-video

Bitcoin is mentioned at 1:45 and the full Bitcoin-only interview will be put up at CalvinAyre probably this week. Notice in that article, "The stars of the conference were the team from BitInstant.com."

We had a couple very interesting meetings with some business owners down there. I cannot give specifics because it has to do with people trying to circumvent capital controls... but suffice to say that Macau has started to learn about Bitcoin and the casinos there are going to become increasingly interested. From one guy who ran some VIP gambling rooms, he told us, "I need to learn about this right away because within a few months every casino is going to be using this stuff." I think his timeframe is a bit optimistic, but he understood that it's a matter of "when" not "if."

The audience thought SatoshiDice was awesome, and a representative from the Isle of Man government has now become very interested in assisting Bitcoin companies with a friendly jurisdiction (BitInstant, and perhaps SatoshiDice, will be in further talks with him over the coming weeks).

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: evoorhees on December 03, 2012, 12:00:12 PM

Hey all, quick update - the Nov. dividend for S.DICE will go out within 24 hrs. I apologize for the delay, just got back from Hong Kong and Macau!

How did things go? Blogpost?

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Hey all, quick update - the Nov. dividend for S.DICE will go out within 24 hrs. I apologize for the delay, just got back from Hong Kong and Macau!

bitcoinbear

hero member

Activity: 518

Merit: 500

Quote from: burnside on November 29, 2012, 01:09:25 PM

Quote from: MPOE-PR on November 29, 2012, 12:30:42 PM

Quote from: bitcoinbear on November 29, 2012, 12:00:08 PM

They probably don't even know that you can buy shares of S.Dice which controls satoshidice.com. They value they assign seems to be correlated to the global activity of the website, not the underlying service or stock. It is more of a "How much is advertising on satoshidice.com worth", rather than "how much is the company satoshidice worth".

"How much would a website with this level of traffic be worth if our assumptions about how we measure traffic, how ad revenue relates to that traffic and how company value relates to ad revenue are correct?". Or something.

Yeah, they know nothing about the revenue of the business behind the site.

Not only that, but putting a price on a website based only on the visits it gets is tenuous at best, since if you bought the site from the current operators, all those visitors are not going to keep coming and using your new site with the old name just because it has the same name as what they used to use, they will treat it as a new site and reconsider whether to use it or not.

smickles

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Activity: 446

Merit: 250

Quote from: ciuciu on November 29, 2012, 11:29:13 AM

Quote from: smickles on November 29, 2012, 11:25:10 AM

Quote from: ciuciu on November 29, 2012, 08:46:28 AM

Quote from: smickles on November 29, 2012, 12:56:55 AM

Satoshidice.com is worth 960 usd. http://www.uglystat.com/www/satoshidice.com Roll Eyes

Aren't they too optimistic?

Not if you consider the fact that there are over 960 usd of bids for s.dice and value things at what people will currently pay for them.

It was a joke. May I ask why you Smickles push so hard for S.DICE? I see you bump the thread quite often with no important things to say.

Heh, forgive me not seeing that as a joke from you.

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Quote from: MPOE-PR on November 29, 2012, 12:30:42 PM

Quote from: bitcoinbear on November 29, 2012, 12:00:08 PM

They probably don't even know that you can buy shares of S.Dice which controls satoshidice.com. They value they assign seems to be correlated to the global activity of the website, not the underlying service or stock. It is more of a "How much is advertising on satoshidice.com worth", rather than "how much is the company satoshidice worth".

"How much would a website with this level of traffic be worth if our assumptions about how we measure traffic, how ad revenue relates to that traffic and how company value relates to ad revenue are correct?". Or something.

Yeah, they know nothing about the revenue of the business behind the site.

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: bitcoinbear on November 29, 2012, 12:00:08 PM

They probably don't even know that you can buy shares of S.Dice which controls satoshidice.com. They value they assign seems to be correlated to the global activity of the website, not the underlying service or stock. It is more of a "How much is advertising on satoshidice.com worth", rather than "how much is the company satoshidice worth".

"How much would a website with this level of traffic be worth if our assumptions about how we measure traffic, how ad revenue relates to that traffic and how company value relates to ad revenue are correct?". Or something.

Topic: [CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 79. (Read 316363 times)