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Topic: [CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 90. (Read 316448 times)

full member
Activity: 154
Merit: 100
Oh, I think I see what you are saying. I have a better explanation, Erik probably is in the bitcoin mindset so deeply that everyone who adopts early should be rewarded for doing so. He is rewarding the first 2 million shareholders for being the first. Just like Satoshi did with Bitcoin.

What is going to happen almost certainly is that the price will rise immediately after the IPO once a few months profits start showing. There won't be a better time to get into this than now, and he knows it. He's doing this entire thing as a way to enrich holders of bitcoin and create a massively powerful economy. The more investing with bitcoin, the more value bitcoin has, he knows it but he can't say that. He can only be 100% transparent in his dealings and let the rest of us figure it out.

Disclaimer: These are only my own personal feelings as I saw the news of this IPO while considering Erik's past achievements. We will see in time if the value is actually there so make up your own mind.
legendary
Activity: 1064
Merit: 1001
What Erik is doing is distributing the future profits (thus his risk/exposure holding satoshi dice) in turn gaining more capital now so that he can focus on other things which will enrich himself and the bitcoin community.

Right, I'm not questioning the concept of issuing shares. I'm just saying, that staggering the prices seems like a gimmick. What does the staggering of prices have to do with the fundamentals of the corporation?
donator
Activity: 1064
Merit: 1000
reason I am asking is simple: What happens to your pass through?
You are going to dump another 3 million shares @ 0.0037 btc on Aug 26, Midnight GMT, while you still have 26767 available @ 0.0034.

I will keep purchasing the cheapest shares possible on MPex and selling then for 1:1 so if there are shares left for 0.0034 then GSDPT will go for the same Smiley
//DeaDTerra
full member
Activity: 154
Merit: 100
Looks like the second batch of 5 million shares @ 0.0034 btc (Aug 25, Midnight GMT) has not sold out.
If I understand it correctly, you still have 4.9 mill share ask wall at 0.0034.

Correct. About $300k worth of bitcoins is what it would take to sell out the remaining ~7.9 million shares.
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
reason I am asking is simple: What happens to your pass through?
You are going to dump another 3 million shares @ 0.0037 btc on Aug 26, Midnight GMT, while you still have 26767 available @ 0.0034.
donator
Activity: 1064
Merit: 1000
Looks like the second batch of 5 million shares @ 0.0034 btc (Aug 25, Midnight GMT) has not sold out.
If I understand it correctly, you still have 4.9 mill share ask wall at 0.0034.


 
Buy moar GSDPT Tongue
//DeaDTerra
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
Looks like the second batch of 5 million shares @ 0.0034 btc (Aug 25, Midnight GMT) has not sold out.
If I understand it correctly, you still have 4.9 mill share ask wall at 0.0034.


 
full member
Activity: 154
Merit: 100
It is only dishonest if the distributor of these shares lies about the terms. What Erik is doing is distributing the future profits (thus his risk/exposure holding satoshi dice) in turn gaining more capital now so that he can focus on other things which will enrich himself and the bitcoin community. And yes the first 2 million are sold, 8 million more will be offered, 5 million are being offered right now.
legendary
Activity: 1064
Merit: 1001
Why are the share prices different, and increasing, for the three initial batches?
Because that is how evoorhees set it up. It rewards the first investors more than the people who are waiting to see if anybody else is jumping in.

It seems like a dishonest gimmick to generate sales rather than relying on the proclaimed fundamentals.
hero member
Activity: 518
Merit: 500
Why are the share prices different, and increasing, for the three initial batches?


Because that is how evoorhees set it up. It rewards the first investors more than the people who are waiting to see if anybody else is jumping in.
legendary
Activity: 1064
Merit: 1001
Why are the share prices different, and increasing, for the three initial batches?
hero member
Activity: 518
Merit: 500
Congratulations on selling out the first batch of stock! Despite all the naysay we have some people who recognize value when they see it!

There are still [email protected] and new patch of 3 million shares @ 0.0037 btc will be dumped on Aug 26, midnight GMT?
This is far form "sold out" Smiley


I think the .0034 shares were from the second batch, so the first batch was sold out at .0032, right?
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
Congratulations on selling out the first batch of stock! Despite all the naysay we have some people who recognize value when they see it!

There are still [email protected] and new patch of 3 million shares @ 0.0037 btc will be dumped on Aug 26, midnight GMT?
This is far form "sold out" Smiley
full member
Activity: 154
Merit: 100
Congratulations on selling out the first batch of (edit: 2 million) stock! Despite all the naysay we have some people who recognize value when they see it!
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack

I'm not saying that SatoshiDICE has any hidden deals presently, but it would be good to know that should such deals arise in the future, where a significant fraction of equity changes ownership, it will be revealed. Just like the traditional securities markets.

Understood, but let's be careful before we become too similar to "traditional securities markets"... they've had some problems in recent times  Wink
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack

UPDATE: first tranche is almost sold out (131k shares remain out of 2m).  The second tranche will be released in about 6 hours at .0034btc per.

legendary
Activity: 1064
Merit: 1001
I don't think you can ever get "full insider transparency" in any business or investment, but SatoshiDICE is about as transparent as things can get (especially compared to many other BTC "investments").

As I've stated before, MPEx did not get, nor did it give, any special compensation from or to me.

I'm thinking specifically of the traditional insider rules of the large stock exchanges. That sales from insiders must be announced ahead of time, and anyone who accumulates some percentage (is it 5%?) must register and also announce themselves.

I'm not saying that SatoshiDICE has any hidden deals presently, but it would be good to know that should such deals arise in the future, where a significant fraction of equity changes ownership, it will be revealed. Just like the traditional securities markets.
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack

You bring up a great point. Unlike a government sanctioned securities exchange, there are no regulations here. The prospectus for S.DICE never promised full insider transparency. How many shares does the owner hold? Was MPOx given any compensation? What are the details of the business arrangement between SatoshiDICE and Blockchain?


misterbigg - I don't think you can ever get "full insider transparency" in any business or investment, but SatoshiDICE is about as transparent as things can get (especially compared to many other BTC "investments").

As I've stated before, MPEx did not get, nor did it give, any special compensation from or to me.

The business arrangement between SatoshiDICE and Blockchain is simple - Ben and I are acquaintances and we chat occasionally. I'm a huge supporter of what he does, and I think he saw the success of SatoshiDICE as worthy of inclusion into his wallet (he actually did an awesome integration, I recommend you try it!). I advertise with him on behalf of BitInstant as well. We give each other feedback and advice, and I respect him tremendously.
legendary
Activity: 1246
Merit: 1077

....

I'll end by saying that just because I'm not investing, that doesn't mean the deal isn't a good opportunity for some people.  You'll have to assess the risks and opportunity cost for yourself.  There are definitely worse guys you could give your money to than Erik--he's trustworthy and he'll probably use it to continue doing great things for Bitcoin.  Good luck all around.


btcx- your comments, once again, are much appreciated and very well thought out. Thank you for posting.
Erik, if I may make a suggestion, please don't start IPOs of further endeavors on MPEX. The PR has no manners and the entire site is shady and unlikely to last.
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack

....

I'll end by saying that just because I'm not investing, that doesn't mean the deal isn't a good opportunity for some people.  You'll have to assess the risks and opportunity cost for yourself.  There are definitely worse guys you could give your money to than Erik--he's trustworthy and he'll probably use it to continue doing great things for Bitcoin.  Good luck all around.


btcx- your comments, once again, are much appreciated and very well thought out. Thank you for posting.
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