Topic: [CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 86. (Read 316363 times)

There is already integration with Blockchain.info.  I'd imagine that's part of how Blockchain.info remains a free service.

Sure, Bitcoin nerds like us will play this way. But people aren't buying S.DICE based on an expectation of growth from Bitcoin nerds. They are buying it on the hopes that SatoshiDICE will receive a large influx of average Joes (of which there are many more than Bitcoin nerds) who want to gamble. These noobs cannot be expected to copy and paste bet addresses, or even run their own Satoshi client node.

In order to reach the desired parabolic growth, SatoshiDICE needs an easy to use web front end. The front end on Blockchain.info is an example of that.

We still have no decent way to estimate the impact of a domain seizure. It is claimed that a domain seizure will have negligible effect but I believe otherwise.

Sorry, didn't mean to sweep this question under the rug. Roughly 500 visitors per day come to SatoshiDice.com. 2/3 are returning visitors, 1/3 are new.

If the domain was seized, business would be disrupted of course. But a new domain would be used, and the bet addresses and info posted elsewhere. Advertisement links would be changed to the new location, and it would be announced/discussed on the forum. But really, players don't even need the website to play - you can just copy the bet addresses in a text file and play whenever you want.  Domain seizure has no effect on the server nor on gambling.  Ahhh the beauties of bitcoin.

If I were prevented from handling the payouts/dividends for some reason, it'd be delegated to a trusted friend. No big challenge there.


 

Of course SatoshiDICE can have its domain seized by the U.S. government:



For potential investors, I wish that Mr. V would release information about how much traffic comes through the http://satoshidice.com domain versus how many people place bets directly to the Bitcoin addresses. I raised this issue before but it was conveniently swept under the rug.

It would be great to have some facts regarding the financial impact of a domain seizure on the monthly revenues. Also, what is the plan to process the dividends if Mr. V is incarcerated (put in jail) or incapacitated? If he gets sick and lands in the hospital who processes the dividends? What if the server goes down?

Correct, and there is no intention of ever accepting or paying normal fiat currency with SatoshiDICE or ever having a bank account. It's Bitcoin only.

None of the SDICE shares for sales have voting rights, no matter where you purchase them, so that's irrelevant.

too right!  guess ill pull the trigger and buy a few shares. Thanks everyone!

no need for tor
he could just copy his html page in a forum post.

all satoshidice need to function is a way to show you their bitcoin address.

can any of you shed some light on the probability of SD getting shut down? could such a service run effectively on TOR?

If there's a motion then I will put up a motion for the bonds on how we vote, I do not intend to keep the power myself. But as the shares are only 10% of the actual company I doubt there will be any public motion. I think Evoorhees will keep the voting power and the controll over the company hence the voting power of the Pass through doesn't matter
//DeaDTerra

https://glbse.com/asset/view/GSDPT


Is this what I need to buy to have a stake in satoshiDICE? Because it says the shares have no voting rights. Please excuse my ignorance of how GLBSE works but I am willing to learn.

When offering newly-minted shares over long periods of time, it's customary for companies to have lockup periods on those shares they sell.  The problem with this IPO is that was, apparently, priced too high.  The tierd prices on different tranches is also nonstandard and causes the problems mentioned previously.

Shares you can trade immediately are worth more than shares you have to wait to trade. I wouldn't buy in a system like you describe because I would know that the operator expects the price to drop and that's why they forbid letting a market price to emerge asap.

this is getting a bit off topic but the point I wast trying to make is this:

If you structure your "IPO" like this:
1)   2 million shares @ 0.0032 btc (Aug 24, Midnight GMT)
2)   5 million shares @ 0.0034 btc (Aug 25, Midnight GMT)
3)   3 million shares @ 0.0037 btc (Aug 26, Midnight GMT)

and allow trading between those dates for investors (GLBSE or what ever other exchange) you shoot yourself in the foot because you start competing with those who bought your shares in stage 1 and or 2 because some of them go for a short term profit and exit.
Do you understand, why this is actually bad for the issuer and for the whole "IPO"?
To be brutally honest, structuring the deal like this was structured is just plain old stupid. This is NOT helping the issuer at all.  

There is nothing bad about giving discount, but discount is usually given for (very) large blocks of stock or bonds.
Sure, there are lots of IPO's where stock is placed in multiple steps (dates) but there is another reason for this:

1)   2 million shares @ 0.0032 btc (Aug 24, Midnight GMT) - block trades above X shares
2)   5 million shares @ 0.0034 btc (Aug 25, Midnight GMT) - block trades above Y shares
3)   3 million shares @ 0.0037 btc (Aug 26, Midnight GMT) - what ever is left from previous sales. 

Do you see the difference and understand, why it's done like that?
BTW, the "small guy" is not actually getting fucked.    

 
   

Yeah, the terminology was confusing, but the type works fine. The difference between this IPO (which was technically still a "initial public offering", though different) and regular IPOs was how the shares are a) not issued by a company, but sold by an individual and b) do not raise money for the company.

Maybe you have some idea about IPOs elsewhere. But this one (and all I've seen here) are a simple way to offer some shares to the public. It doesn't matter if evoorhees, evoorheez, or a swamp monster buys the shares or doesn't. One share is a set fraction and you don't need to worry yourself with others.

I guess you have no idea what the idea behind a "IPO" is.
 
 

So evoo just pays himself for the shares who the hell cares? It's the same to cancel/end the offering and to buy them from yourself.

The issuer probably shoot himself in the foot by allowing trading while "IPO" is still going.
What is really strange, this same mistake gets repeated over and over in every issue on GLBSE and probably will be repeated in new exchanges like https://cryptostocks.com, https://www.litecoinglobal.com, etc.
What is also missing, is the fixed deadline and what happens, when all shares are not sold by this particular date.

Is there a list of brokers posted anywhere ?