I bought some shares on glbse - how do I cash them in/ monitor them now?
https://bitcointalksearch.org/topic/bf-and-btct-gamma-satoshidice-pass-through-102181How does this help? It looks like a pass through to the mpex deal...
It is !
Topic: [CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 82. (Read 316363 times)
November 05, 2012, 04:31:46 AM
How does this help? It looks like a pass through to the mpex deal...
It is !
November 05, 2012, 03:48:26 AM
I bought some shares on glbse - how do I cash them in/ monitor them now?
https://bitcointalksearch.org/topic/bf-and-btct-gamma-satoshidice-pass-through-102181How does this help? It looks like a pass through to the mpex deal...
November 05, 2012, 03:02:42 AM
evoorhees sold his (no company!) shares and made close to 12K? BTC - some expenses + previous operating profits he did not have to share.
S.DICE has 9K profits but I see nothing about actual operating costs. Yes, hosting and tech support are there (70btc) but what about the additional development you guys did? Was that for free? Any salaries or other expenses? What about taxes? I can not see any of that in your statement. If your operating costs are only 70BTC, then get ready for some competition
(not from me, I consider gambling as one of the most disgusting businesses there is, almost as low as slave trade and selling drugs to kids etc)
Can you hire someone to compile a proper monthly financial statements and show you how it's done?
Cheers.
S.DICE has 9K profits but I see nothing about actual operating costs. Yes, hosting and tech support are there (70btc) but what about the additional development you guys did? Was that for free? Any salaries or other expenses? What about taxes? I can not see any of that in your statement. If your operating costs are only 70BTC, then get ready for some competition
(not from me, I consider gambling as one of the most disgusting businesses there is, almost as low as slave trade and selling drugs to kids etc)Can you hire someone to compile a proper monthly financial statements and show you how it's done?
Cheers.
1.) It is not possible to stop people from gambling, some just want to.
2.) In Germany for example, the state controlled lottery pays out 50%. Normal internet casinos pay out 0% on average (my pessimism). Satoshidice pays out 98% - verifiable.
---> Satoshidice (and the like) is a good thing as it lets people gamble a little without quickly making them bankrupt.
November 05, 2012, 02:53:31 AM
I bought some shares on glbse - how do I cash them in/ monitor them now?
https://bitcointalksearch.org/topic/bf-and-btct-gamma-satoshidice-pass-through-102181 
November 05, 2012, 01:54:39 AM
Is it possible to write a bot that will monitor for losing bets and then try to cancel it by double spending the money to a wallet controlled by himself?
If he controls a large pool he could direct it to give preference to his cancellation transaction to make sure it propagates faster.
Is this possible in practice? How does SDICE defend against it?
If he controls a large pool he could direct it to give preference to his cancellation transaction to make sure it propagates faster.
Is this possible in practice? How does SDICE defend against it?
I think a more practical attack would be to always get your pool to attempt to mine a block which includes a transaction that spends your coins to yourself, then as soon as you find a block, hold off publishing it for a few seconds while you place a bet at SD double-spending those same coins on "lessthan 1000". On the rare occasion that your bet wins, you "forget" to publish the block your pool found (maybe claim some other pool beat you to it), and let the winning SD bet stand. The rest of the time you publish your block, which effectively cancels your losing SD bet.
I don't know if this happens in practice, or whether SD has anything in place to prevent it working.
November 05, 2012, 01:31:49 AM
I bought some shares on glbse - how do I cash them in/ monitor them now?
November 05, 2012, 01:28:23 AM
Is it possible to write a bot that will monitor for losing bets and then try to cancel it by double spending the money to a wallet controlled by himself?
If he controls a large pool he could direct it to give preference to his cancellation transaction to make sure it propagates faster.
Is this possible in practice? How does SDICE defend against it?
If he controls a large pool he could direct it to give preference to his cancellation transaction to make sure it propagates faster.
Is this possible in practice? How does SDICE defend against it?
November 05, 2012, 12:03:03 AM
Maybe someone figured out how to (almost) always win his ticket. Some mining pool or some big miner maybe 
November 04, 2012, 09:10:03 PM
The probability of this happening depends on the house edge, and the house's bank.
And don't forget the maximum bet. If they didn't limit the size of your bet, you could get lucky and bankrupt them in a single bet.
They've very sensibly been reducing the max bet recently in the face of losses.
November 04, 2012, 05:59:47 PM
evoorhees sold his (no company!) shares and made close to 12K? BTC - some expenses + previous operating profits he did not have to share.
S.DICE has 9K profits but I see nothing about actual operating costs. Yes, hosting and tech support are there (70btc) but what about the additional development you guys did? Was that for free? Any salaries or other expenses? What about taxes? I can not see any of that in your statement. If your operating costs are only 70BTC, then get ready for some competition (not from me, I consider gambling as one of the most disgusting businesses there is, almost as low as slave trade and selling drugs to kids etc)
Can you hire someone to compile a proper monthly financial statements and show you how it's done?
Cheers.
S.DICE has 9K profits but I see nothing about actual operating costs. Yes, hosting and tech support are there (70btc) but what about the additional development you guys did? Was that for free? Any salaries or other expenses? What about taxes? I can not see any of that in your statement. If your operating costs are only 70BTC, then get ready for some competition
(not from me, I consider gambling as one of the most disgusting businesses there is, almost as low as slave trade and selling drugs to kids etc)Can you hire someone to compile a proper monthly financial statements and show you how it's done?
Cheers.
November 04, 2012, 02:50:10 PM
October Statement
Bad news - October was a bad month for the house. Site lost 2,071 BTC. There is thus no October dividend for S.DICE (technically a dividend of 0.00000001 btc was paid today to mark the date)
Bad news - October was a bad month for the house. Site lost 2,071 BTC. There is thus no October dividend for S.DICE (technically a dividend of 0.00000001 btc was paid today to mark the date)
Now I REALLY wish I had sold my shares on GLBSE...
To clarify, shareholders are not liable for any house losses, they just didn't earn any money last month.
It's a little worse than that isn't it? Not only did they not earn any money last month, but as I understand it they won't earn anything from future house profits until the house wins enough to cover last month's losses.
The house edge gives SatoshiDice a very good chance to win more than they lose. But, there is a chance that they will lose more than they actually have, i.e. go broke. In that case the shareholders income would drop to nothing and the shares would be worthless. The probability of this happening depends on the house edge, and the house's bank.
November 04, 2012, 12:37:47 PM
October Statement
Bad news - October was a bad month for the house. Site lost 2,071 BTC. There is thus no October dividend for S.DICE (technically a dividend of 0.00000001 btc was paid today to mark the date)
Bad news - October was a bad month for the house. Site lost 2,071 BTC. There is thus no October dividend for S.DICE (technically a dividend of 0.00000001 btc was paid today to mark the date)
Now I REALLY wish I had sold my shares on GLBSE...
To clarify, shareholders are not liable for any house losses, they just didn't earn any money last month.
It's a little worse than that isn't it? Not only did they not earn any money last month, but as I understand it they won't earn anything from future house profits until the house wins enough to cover last month's losses.
November 04, 2012, 09:55:18 AM
...
What I was implying was, with the House not making any money, then the shares become (presumably) less valuable. Making it more difficulty when (if ever) I regain control of my PT shares to recoup my initial investment.
Personally I've found it more profitable to use a modified martingale betting system then invest in the house itself. By the looks of this report I'm not the only one
What I was implying was, with the House not making any money, then the shares become (presumably) less valuable. Making it more difficulty when (if ever) I regain control of my PT shares to recoup my initial investment.
Personally I've found it more profitable to use a modified martingale betting system then invest in the house itself. By the looks of this report I'm not the only one
So, you are the only man on the plant who has a modified martingale betting system that actually works? Please, tell us how do you do it
Please! Or did you say, that wasting your days away in s.dice, can lose you less money than buying shares in this absurdly overpriced and bloated adventure?
Yes, I'm saying that I have a "system" of betting that has been profitable in the area of ~10%. To say that I'm wasting my days away in SD is a bit extreme, it's far more profitable to just go to work each day.
But I agree with your characterization of the stock as both bloated and overpriced. 100 Million Shares? I mean come on.....
November 04, 2012, 09:46:24 AM
...
What I was implying was, with the House not making any money, then the shares become (presumably) less valuable. Making it more difficulty when (if ever) I regain control of my PT shares to recoup my initial investment.
Personally I've found it more profitable to use a modified martingale betting system then invest in the house itself. By the looks of this report I'm not the only one
What I was implying was, with the House not making any money, then the shares become (presumably) less valuable. Making it more difficulty when (if ever) I regain control of my PT shares to recoup my initial investment.
Personally I've found it more profitable to use a modified martingale betting system then invest in the house itself. By the looks of this report I'm not the only one
So, you are the only man on the plant who has a modified martingale betting system that actually works? Please, tell us how do you do it
Please! Or did you say, that wasting your days away in s.dice, can lose you less money than buying shares in this absurdly overpriced and bloated adventure?
November 04, 2012, 09:16:41 AM
October Statement
Bad news - October was a bad month for the house. Site lost 2,071 BTC. There is thus no October dividend for S.DICE (technically a dividend of 0.00000001 btc was paid today to mark the date)
Bad news - October was a bad month for the house. Site lost 2,071 BTC. There is thus no October dividend for S.DICE (technically a dividend of 0.00000001 btc was paid today to mark the date)
Now I REALLY wish I had sold my shares on GLBSE...
To clarify, shareholders are not liable for any house losses, they just didn't earn any money last month.
What I was implying was, with the House not making any money, then the shares become (presumably) less valuable. Making it more difficulty when (if ever) I regain control of my PT shares to recoup my initial investment.
Personally I've found it more profitable to use a modified martingale betting system then invest in the house itself. By the looks of this report I'm not the only one
November 03, 2012, 06:26:26 PM
October Statement
Bad news - October was a bad month for the house. Site lost 2,071 BTC. There is thus no October dividend for S.DICE (technically a dividend of 0.00000001 btc was paid today to mark the date)
Bad news - October was a bad month for the house. Site lost 2,071 BTC. There is thus no October dividend for S.DICE (technically a dividend of 0.00000001 btc was paid today to mark the date)
Now I REALLY wish I had sold my shares on GLBSE...
To clarify, shareholders are not liable for any house losses, they just didn't earn any money last month.
November 03, 2012, 02:13:17 PM
October Statement
Bad news - October was a bad month for the house. Site lost 2,071 BTC. There is thus no October dividend for S.DICE (technically a dividend of 0.00000001 btc was paid today to mark the date)
Bad news - October was a bad month for the house. Site lost 2,071 BTC. There is thus no October dividend for S.DICE (technically a dividend of 0.00000001 btc was paid today to mark the date)
Now I REALLY wish I had sold my shares on GLBSE...
November 02, 2012, 04:35:10 PM
Well, better luck next month.
November 02, 2012, 03:01:17 PM
I see you lost last month some coin but what is the total profit so far?
It's tracked in the P&L sheet linked above, but the number at the end of Oct. was +9,896.60 BTC
November 02, 2012, 02:27:27 PM
I see you lost last month some coin but what is the total profit so far?
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