[CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 87.

EskimoBob

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Quality Printing Services by Federal Reserve Bank

Quote from: evoorhees on August 23, 2012, 11:15:09 PM

....
Meanwhile, since this post went up five days ago, SatoshiDICE has been making so much money that the IPO price is now only a 9x multiple. SD made over 2000 BTC in net profit today, which is almost a tenth of what I'm asking for in the IPO... earned in one day. Maybe I'm pricing this too low :/ Will post updated stats in the google doc tomorrow.

ShireSilver, I guess you missed this "extremely" important update to boost the sales.
I just like to know, what has changes in the last week. IPO is still going? Or is it?

From the front page:
There will be three blocks of shares released:
1) 2 million shares @ 0.0032 btc (Aug 24, Midnight GMT)
2) 5 million shares @ 0.0034 btc (Aug 25, Midnight GMT) - as of today, is this part even completed?
3) 3 million shares @ 0.0037 btc (Aug 26, Midnight GMT) - as of today, never started?

ShireSilver

sr. member

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Quote from: EskimoBob on August 29, 2012, 11:21:06 AM

Any updates for the last week?
Please, use PE and not PS this time Wink

Its a monthly deal, not weekly.

Quote from: the contract

(e)The representatives of SatoshiDice solemnly promise and warrant that complete and accurate Statements of Profit and Loss for each calendar month will be published by them no later than by the fifth day of the new month.

EskimoBob

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Quality Printing Services by Federal Reserve Bank

Quote from: EskimoBob on August 24, 2012, 02:58:37 PM

Quote from: evoorhees on August 24, 2012, 12:56:34 PM

..............
I can't stress enough that all these numbers are based on actual real-life performance, they are not wild-eyed estimates of possible future growth figures, etc. I think it will be hard to continue to argue that this asset is priced unreasonably.

As you all know: "Past performance is not an indication of future performance"
Do not forget to update this thread when you have to cough up a fat payment and PE jumps at the other direction.

Any updates for the last week?
Pleas, use PE and not PS this time Wink

nimda

hero member

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0xFB0D8D1534241423

For the progressive games, does the house ensure that Jackpot * Win_Odds < Bet_Unit ?

ShireSilver

sr. member

Activity: 382

Merit: 253

Quote from: evoorhees on August 29, 2012, 10:59:59 AM

The offered IPO shares aren't going anywhere. I like the price that it's at, but it's a lot of money/shares, so it may take a while to sell. Perhaps people will wait until they see the new sexy site launched

Or maybe they're waiting to see dividends. IMHO that's holding back FZB.A too. [Disclosure: I'm holding a small amount of both as a longer term investment.]

Coincomm

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I dumped my shares mainly because it's taking too long to sell. I'll buy back in when all of its nearly sold.

evoorhees

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Democracy is the original 51% attack

Quote from: misterbigg on August 28, 2012, 07:47:27 PM

What happens if someone wants to get out of their purchase by selling back at 0.0034 / share, does their order take priority over the unsold IPO shares? Or is everyone stuck with either taking a loss if they want to get out, or waiting?

The offered IPO shares aren't going anywhere. I like the price that it's at, but it's a lot of money/shares, so it may take a while to sell. Perhaps people will wait until they see the new sexy site launched

Anyone who has shares and wants to sell can list them at whatever price they want. If IPO shares are being sold at .0034 and you have shares you can sell for .0033 and they will be bought first, obviously.

evoorhees

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Democracy is the original 51% attack

Quote from: Stephen Gornick on August 28, 2012, 03:28:41 PM

Quote from: 2112 on August 28, 2012, 12:17:05 PM

mathematically provable bets.

SatoshiDICE doesn't know the blockchain transaction ID in advance so SatoshiDICE cannot influence the results of my wager.

So it is provable mathematically that the house cannot cheat the player.

You are describing the situation where if I know the secret before I place the wager, I can cheat the house. Now that the house has investors, you are suggesting that this list of secrets makes it is possible for a party [edit: a party who has access to the secrets] to cheat the house, lowering its profits, which in turn, lowers the dividends for investors.

Over enough trials, the chances of that occurring without notice are lowered. There isn't "proof" available to say that this isn't happening but it can be detected pretty easily if it is.

Bingo.

Bitcoin Oz

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Wat

Quote from: bitcoinbear on August 28, 2012, 12:02:18 PM

Quote from: Bitcoin Oz on August 28, 2012, 08:00:36 AM

There is confusion here because usually shares are issued in a "company" or "corporation" which is separate from the individual.

Look at it this way: The company, SatoshiDice, issued the shares. They then gave them all to evoorhees as compensation for building the company. He is now free to sell as many of them as he wants, and keep the ones which don't sell.

Sure. I dont have an issue with this.

Im staying away from S.DICE simply because of the risk of MPEX and the behaviour of their PR account.

dree12

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Quote from: misterbigg on August 28, 2012, 07:52:58 PM

Quote from: dree12 on August 28, 2012, 07:48:56 PM

Everyone's stuck (and are already). People have resorted to selling at 0.0032 BTC per share.

So if there are IPO shares at 0.0034 and secondary market shares at 0.0034, the IPO shares take priority? First in first out?

Yes, that's how all exchanges currently work (it is to encourage real bidding, rather than overlapping in the order books). But given the 100+ BTC needed already to buy up to but not including 0.0034, it's nothing to worry about.

misterbigg

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Quote from: dree12 on August 28, 2012, 07:48:56 PM

Everyone's stuck (and are already). People have resorted to selling at 0.0032 BTC per share.

So if there are IPO shares at 0.0034 and secondary market shares at 0.0034, the IPO shares take priority? First in first out?

dree12

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Activity: 1246

Merit: 1077

Quote from: misterbigg on August 28, 2012, 07:47:27 PM

What happens if someone wants to get out of their purchase by selling back at 0.0034 / share, does their order take priority over the unsold IPO shares? Or is everyone stuck with either taking a loss if they want to get out, or waiting?

Everyone's stuck (and are already). People have resorted to selling at 0.0032 BTC per share.

misterbigg

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Activity: 1064

Merit: 1001

What happens if someone wants to get out of their purchase by selling back at 0.0034 / share, does their order take priority over the unsold IPO shares? Or is everyone stuck with either taking a loss if they want to get out, or waiting?

dree12

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Quote from: boonies4u on August 28, 2012, 07:27:01 PM

Quote from: dree12 on August 28, 2012, 07:24:36 PM

Quote from: misterbigg on August 28, 2012, 07:12:48 PM

So what happened with this "IPO?" It looks like less than 20% of issued shares got sold, and it's already past the last offering date.

Was the IPO overpriced?

Probably. I've pulled my buy orders until GSDPT stabilizes at the 0.0025 mark. The MPEX risk is just too high for most potential shareholders.

IMO it is overpriced. Since this is Erik selling the shares he personally holds, he can value them at whatever he wishes.

But the market will value them differently. I believe the price will regress to the 0.0025 mark before rebounding.

boonies4u

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Quote from: dree12 on August 28, 2012, 07:24:36 PM

Quote from: misterbigg on August 28, 2012, 07:12:48 PM

So what happened with this "IPO?" It looks like less than 20% of issued shares got sold, and it's already past the last offering date.

Was the IPO overpriced?

Probably. I've pulled my buy orders until GSDPT stabilizes at the 0.0025 mark. The MPEX risk is just too high for most potential shareholders.

IMO it is overpriced. Since this is Erik selling the shares he personally holds, he can value them at whatever he wishes.

dree12

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Quote from: misterbigg on August 28, 2012, 07:12:48 PM

So what happened with this "IPO?" It looks like less than 20% of issued shares got sold, and it's already past the last offering date.

Was the IPO overpriced?

Probably. I've pulled my buy orders until GSDPT stabilizes at the 0.0025 mark. The MPEX risk is just too high for most potential shareholders.

misterbigg

legendary

Activity: 1064

Merit: 1001

So what happened with this "IPO?" It looks like less than 20% of issued shares got sold, and it's already past the last offering date.

Was the IPO overpriced?

2112

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Quote from: Stephen Gornick on August 28, 2012, 03:28:41 PM

Now that the house has investors, you are suggesting that this list of secrets makes it is possible for a party to cheat the house, lowering its profits, which in turn, lowers the dividends for investors.

Now the question is "who?". Is it fireduck cheating Erik? fireduck & Erik cheating would-be-investors in Macau? Some unknown-as-yet actor in this drama?

My hunch is that Erik is innocent, sort of like Hans Buehler in the Crypto AG drama.

http://en.wikipedia.org/wiki/Crypto_AG

If Erik had any experience in the gaming sales he would've come up with a better racket. Or maybe he really wants to go down in history as a first loaded dice and crooked table salesman in the crypto-currency era? Kind of like Soapy Smith was for the Wild West?

http://en.wikipedia.org/wiki/Soapy_Smith

But I still would like to know who's the cortex of the operation and what was the game plan.

Stephen Gornick

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Quote from: 2112 on August 28, 2012, 12:17:05 PM

mathematically provable bets.

SatoshiDICE doesn't know the blockchain transaction ID in advance so SatoshiDICE cannot influence the results of my wager.

So it is provable mathematically that the house cannot cheat the player.

You are describing the situation where if I know the secret before I place the wager, I can cheat the house. Now that the house has investors, you are suggesting that this list of secrets makes it is possible for a party [edit: a party who has access to the secrets] to cheat the house, lowering its profits, which in turn, lowers the dividends for investors.

Over enough trials, the chances of that occurring without notice are lowered. There isn't "proof" available to say that this isn't happening but it can be detected pretty easily if it is.

2112

legendary

Activity: 2128

Merit: 1073

Quote from: Coincomm on August 28, 2012, 11:55:21 AM

The individual here happens to own the other 95% of the company. He created the shares in the first place. It's without a doubt he's entitled to the profits.

It would help if the "individual here" would disclose his agreements with fireduck. The "individual here" is well known for his sales skills, but not for mathematically proving anything, least of it mathematically provable bets.

Quote from: evoorhees on August 20, 2012, 11:26:01 PM

I'm not trying to flatter myself at all. I'm trying to flatter Bitcoin. Blockchain enables mathematically provable bets, and this is a game changer for gambling around the world.

I wonder how the link below will become a mathematical proof of corruption in wagering.

https://s3-eu-west-1.amazonaws.com/satoshidice/hash.keys

I think this is the first case in the history where somebody sold the racetrack, but kept the list of horses that are going to win on it over the next 10 years.

So, who else has the full secret list?

Topic: [CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 87. (Read 316448 times)