I cashed out my GSDPT because it is bubbling. The stock is trading at nearly 2 times the value of the S.DICE backing.
Modesty aside, I sold at the peak and will buy back once this bubble collapses. 
Topic: [CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 93. (Read 316363 times)
August 24, 2012, 09:32:10 PM
August 24, 2012, 09:27:44 PM
Big mistake for Erik using that exchange.
I understand you feel this passionately.
I disagree, my experience with MPEx has been fine - though admittedly more complicated that GLBSE. Yet, the IPO started today and GLBSE was down for several hours and MPEx did not suffer the same issue.
You're so resistant to the idea that maybe it's okay if there are two exchanges... seems like a good thing, not a bad thing, to me.
August 24, 2012, 09:26:36 PM
I cashed out my GSDPT because it is bubbling. The stock is trading at nearly 2 times the value of the S.DICE backing.
Now that's hilarious.
August 24, 2012, 09:21:48 PM
I cashed out my GSDPT because it is bubbling. The stock is trading at nearly 2 times the value of the S.DICE backing.
August 24, 2012, 08:53:27 PM
Not sure what your "p/s" vs "p/e" distinction is, though?
If you calculate your share (1.9%) straight from the bets, that's what you get in, ie. revenue (or "sales" in Price/Sales ratio). You have to deduct any expenses you have from that number to get your profit (or "earnings" in Price/Earnings ratio).Your expenses per day are 4.68 BTC thus your avg. expected profit per day is 99.69 BTC - 4.68 BTC = 95.01 BTC. Same thing with monthly/yearly figures.
Your investors will not receive your revenue, but profits, ie. net income where your expenses have been taken into account. That's why P/E is used in valuation, not P/S. Like dooglus said:
The performance of the site is certainly very impressive, but it would be better to have your statistics be correct too. There's no need to exaggerate them.
Gotcha, thank you for the clarification.
August 24, 2012, 07:52:43 PM
Not sure what your "p/s" vs "p/e" distinction is, though?
If you calculate your share (1.9%) straight from the bets, that's what you get in, ie. revenue (or "sales" in Price/Sales ratio). You have to deduct any expenses you have from that number to get your profit (or "earnings" in Price/Earnings ratio).Your expenses per day are 4.68 BTC thus your avg. expected profit per day is 99.69 BTC - 4.68 BTC = 95.01 BTC. Same thing with monthly/yearly figures.
Your investors will not receive your revenue, but profits, ie. net income where your expenses have been taken into account. That's why P/E is used in valuation, not P/S. Like dooglus said:
The performance of the site is certainly very impressive, but it would be better to have your statistics be correct too. There's no need to exaggerate them.
August 24, 2012, 07:07:53 PM
Just bought some GSDPT. It's refreshing to see a low-risk company with a secure future.
August 24, 2012, 06:53:42 PM
Are you trying to shoot some of your circle-jerk cum in to your "investors" collective eyeball?
This whole IPO has become a fkn joke. Why? You and your sock puppets got way to greedy.
Not sure what your problem is, EskimoBob.
Though, please tell my sock puppets to return to their master for new orders. They've been out a bit too long and I'm worried about them.
August 24, 2012, 06:52:21 PM
UPDATED STATS (Aug 24)
When the IPO was announced about 6 days ago, the P/E ratio was 10x. Some people said that was too high of a valuation and we've been debating this as is proper.
I updated the stats today to reflect the past week of numbers, as well as added a new metric showing P/E based on past 30 days (not based on all time performance).
https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dG5SQklHZG4wRm1GMW9DRWpMMW5UQkE#gid=0
Current P/E based on all-time performance: 8.79x
Current P/E based on past 30 days performance: 4.72x
Thus, if SatoshiDICE remains flat from here, and neither grows nor shrinks in usage from actual past 30 days' performance, it's priced at a 4.72x multiple. Annual dividend yield of IPO prices is 21.20%
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.
You're still calculating P/S ratios, not P/E ratios.
Also, you can't use 320k as your numerator when calculating these P/S ("P/E") ratios, since you plan to sell most of your shares with higher prices, making effective avg. price of your share as .00345, not .00320.
Correct P/E (not P/S) ratios are:
Current P/E based on all-time performance: 9.95x (down from 11)
Current P/E based on past 30 days performance: 5.22x
And annual dividend yield of IPO prices is 19.15%. Why are you defrauding your investors?
My bad cedus, you are correct re: the math. I didn't avg the IPO shares, only used the first block which are selling for .0032.
Not sure what your "p/s" vs "p/e" distinction is, though? And please don't ask snide rhetorical questions, I'm not defrauding anybody. I made a mistake.
August 24, 2012, 06:15:04 PM
And annual dividend yield of IPO prices is 19.15%. Why are you defrauding your investors?
Oh noes, he is *only* paying out 19.15% a year! What a rip off! I could totally get that by investing in the fiat world at ... um ... somewhere?
August 24, 2012, 05:51:37 PM
And annual dividend yield of IPO prices is 19.15%. Why are you defrauding your investors?
Oh noes, he is *only* paying out 19.15% a year! What a rip off! I could totally get that by investing in the fiat world at ... um ... somewhere?
August 24, 2012, 05:44:29 PM
And annual dividend yield of IPO prices is 19.15%. Why are you defrauding your investors?
Oh noes, he is *only* paying out 19.15% a year! What a rip off! I could totally get that by investing in the fiat world at ... um ... somewhere?
August 24, 2012, 04:57:44 PM
UPDATED STATS (Aug 24)
When the IPO was announced about 6 days ago, the P/E ratio was 10x. Some people said that was too high of a valuation and we've been debating this as is proper.
I updated the stats today to reflect the past week of numbers, as well as added a new metric showing P/E based on past 30 days (not based on all time performance).
https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dG5SQklHZG4wRm1GMW9DRWpMMW5UQkE#gid=0
Current P/E based on all-time performance: 8.79x
Current P/E based on past 30 days performance: 4.72x
Thus, if SatoshiDICE remains flat from here, and neither grows nor shrinks in usage from actual past 30 days' performance, it's priced at a 4.72x multiple. Annual dividend yield of IPO prices is 21.20%
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.
You're still calculating P/S ratios, not P/E ratios.
Also, you can't use 320k as your numerator when calculating these P/S ("P/E") ratios, since you plan to sell most of your shares with higher prices, making effective avg. price of your share as .00345, not .00320.
Correct P/E (not P/S) ratios are:
Current P/E based on all-time performance: 9.95x (down from 11)
Current P/E based on past 30 days performance: 5.22x
And annual dividend yield of IPO prices is 19.15%. Why are you defrauding your investors?
August 24, 2012, 04:51:08 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.
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.
True enough... though the statistical profits should actually be higher than the actual profit thus far. So the site has made -less- than the statistical odds would suggest. Running the site longer should move the real return higher, not lower. With flat performance, the numbers will improve, not worsen.
Are you trying to shoot some of your circle-jerk cum in to your "investors" collective eyeball?
This whole IPO has become a fkn joke. Why? You and your sock puppets got way to greedy.
August 24, 2012, 04:32:26 PM
It opens up an arb opportunity if the gamma passthrough trades lower than S.DICE, so I expect the passthrough to be at least equivalent to S.DICE, if not higher due to increased demand on GLBSE.
arb is riskless profit you locked in, this is not since you can not transfer the asset from glbse to mpex.
at best you get a discount for taking additional counterparty risk.
Quote
the pass through might also feature higher supply if things arent going well with the underlying asset
Each pass-through bond is backed by one real S.DICE bond
Quote
and is bound to have higher bid-ask spread.
On the contrary, GLBSE sports a much higher volume than MPEX. 
August 24, 2012, 04:15:29 PM
It opens up an arb opportunity if the gamma passthrough trades lower than S.DICE, so I expect the passthrough to be at least equivalent to S.DICE, if not higher due to increased demand on GLBSE.
arb is riskless profit you locked in, this is not since you can not transfer the asset from glbse to mpex.
at best you get a discount for taking additional counterparty risk.
the pass through might also feature higher supply if things arent going well with the underlying asset and is
bound to have higher bid-ask spread.
August 24, 2012, 04:02:42 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.
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.
True enough... though the statistical profits should actually be higher than the actual profit thus far. So the site has made -less- than the statistical odds would suggest. Running the site longer should move the real return higher, not lower. With flat performance, the numbers will improve, not worsen.
August 24, 2012, 03:54:33 PM
It opens up an arb opportunity if the gamma passthrough trades lower than S.DICE, so I expect the passthrough to be at least equivalent to S.DICE, if not higher due to increased demand on GLBSE.
August 24, 2012, 03:46:09 PM
How closely will the price of the GLBSE pass through follow the S.DICE price?
Exactly the same //DeaDTerra
How will you ensure it remains the same?
I can't of course control the price but it should controls it self pretty well. I will also offer more share when I get to chance to buy more.
//DeaDTerra
//DeaDTerra
But the return is lower (DDT takes a cut), so I would expect it to be slightly lower price?
August 24, 2012, 03:43:15 PM
How closely will the price of the GLBSE pass through follow the S.DICE price?
Exactly the same //DeaDTerra
How will you ensure it remains the same?
I can't of course control the price but it should controls it self pretty well. I will also offer more share when I get to chance to buy more.
//DeaDTerra
But the return is lower (DDT takes a cut), so I would expect it to be slightly lower price?
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