So... which is it?!
Topic: Satoshi Dice Buy out: 126,315 BTC! Payout to be released to share holders! - page 3. (Read 9081 times)
July 18, 2013, 09:18:11 PM
so............ is the price going to jump? I read some people say that the buy of this huge amount of BTC will accrue within a few hours... Then again, I read some people say that the BTCs for the buyout were already bought...
So... which is it?!
So... which is it?!
July 18, 2013, 07:58:21 PM
Why is this site worth so much?
Completely easy to replicate.
Are bitcoiners so degenerate in their gambling?
It's not even poker.
Completely easy to replicate.
Are bitcoiners so degenerate in their gambling?
It's not even poker.
You've never studied business or accounting have you? Google 'goodwill'.
Unless your Abu ^_^
July 18, 2013, 06:52:34 PM
Why is this site worth so much?
Completely easy to replicate.
Are bitcoiners so degenerate in their gambling?
It's not even poker.
Completely easy to replicate.
Are bitcoiners so degenerate in their gambling?
It's not even poker.
You've never studied business or accounting have you? Google 'goodwill'.
July 18, 2013, 02:03:39 PM
Why is this site worth so much?
Completely easy to replicate.
Are bitcoiners so degenerate in their gambling?
It's not even poker.
Completely easy to replicate.
Are bitcoiners so degenerate in their gambling?
It's not even poker.
Why are the bitcoins used to buy the site worth so much?
Completely easy to replicate.
Think about this too much, and you can ask the same of most companies. AOL was worth $350 *Billion* dollars to Time Warner? Huffington Post was worth $315 Million to AOL? Just as much nonsense.
July 18, 2013, 01:52:02 PM
Watch as its all an elaborate ruse and then I laugh.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
July 18, 2013, 12:36:20 PM
It's not all great though...
As usual, excellent analysis. Thanks.
Thank you Pale, really appreciate that
July 18, 2013, 12:29:55 PM
It's not all great though...
As usual, excellent analysis. Thanks.
July 18, 2013, 12:09:32 PM
Jumping to conclusions much?
Why would s.dice holders receiving modest payouts dump their dividends all at once?
They're not releasing all BTC126k to one person you know.
"The sky is falling, the sky is falling!"
^ THIS is far more likely to depress the price, and it's YOUR fault. Judging by this thread, you guys probably know that well.
*edited for auto-incorrect
Why would s.dice holders receiving modest payouts dump their dividends all at once?
They're not releasing all BTC126k to one person you know.
"The sky is falling, the sky is falling!"
^ THIS is far more likely to depress the price, and it's YOUR fault. Judging by this thread, you guys probably know that well.
*edited for auto-incorrect
The sky isn't falling - price is.
Keep convincing yourself that this action is coincidence, rationalization is a powerful thing.
July 18, 2013, 11:44:02 AM
Why is this site worth so much?
Completely easy to replicate.
Are bitcoiners so degenerate in their gambling?
It's not even poker.
Completely easy to replicate.
Are bitcoiners so degenerate in their gambling?
It's not even poker.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
July 18, 2013, 11:07:35 AM
He is doing that to prevent some angry shareholder from coming after him, no real choice. I wouldn't say investors were treated fairly though. Pretty much every one of them comes out having wasted their time and money. Vorhees is the only one who benefitted from this endeavor.
Not true. From an investor's point of view I do not think it is very reasonable to use the BTC as numeraire due to its lack of capital pools and incredible volatility. Pretty much anyone who bought between April 2012 and March 2013 who have held for the long-term have had tremendous returns using the USD as numeraire.
It's not all great though. People that bought in March 2013 have payed around 40 million USD for the company, while it was only sold for 30 million USD (mpex shares) when it was announced. That's a loss of -30% in just a few months.
It must hurt even more for those that sold their shares for market price the past months. You can't hardly blame them not to hold for the long term since Erik showed signs of serious neglect towards the business and turnover (in USD) was stagnating and even taking a serious nosedive this month of July. They sold mostly around 20 million USD, taking a loss of -50% in USD from the high in March and a loss of -33% compared to the price payed today.
Considering around 5 millions shares have been sold in the month right before the buyout the above category of people who have USD loss is likely larger than presented here.
Even though Erik negotiated a very good price for mpex holders, this company had much more potential.
July 18, 2013, 06:40:45 AM
WTF, does this make good business sense???
126,315 BTC
That's $11 million dollars at the current rate..,
What is the turnover of Satoshi dice?
That sound's ludicrous, think I could make a much better investment with 11 Mil
126,315 BTC
That's $11 million dollars at the current rate..,
What is the turnover of Satoshi dice?
That sound's ludicrous, think I could make a much better investment with 11 Mil
2005, flickr, a profitless website, just 13 months old, sold for $ 35 Million
2006, Twitter, a profitless website with less than 5000 users, just 3 months old, sold for $ 5 Million
2006, YouTube, a profitless website that consisted mainly of copyright violating content, just 18 months old, sold for $ 1.65 Billion
I think I could have made a much better investment with $ 1.65 Billion.
July 18, 2013, 06:18:37 AM
All this discussion about a major casino etc. is all bullshit until more info is released...if we ever find out anything about the "new" owner.
I'm still not convinced that he sold it for that much, it may be just a play to privatize the business.
I'm still not convinced that he sold it for that much, it may be just a play to privatize the business.
July 18, 2013, 06:09:57 AM
WTF, does this make good business sense???
126,315 BTC
That's $11 million dollars at the current rate..,
What is the turnover of Satoshi dice?
That sound's ludicrous, think I could make a much better investment with 11 Mil
126,315 BTC
That's $11 million dollars at the current rate..,
What is the turnover of Satoshi dice?
That sound's ludicrous, think I could make a much better investment with 11 Mil
July 18, 2013, 02:59:09 AM
126k btc for Satoshi Dice? Well done, nice sale.
I remember visiting Satoshi Dice around two years ago when it was still a pretty plain site. Now... "The Ghost of Satoshi will roll the dice". LOL! Well done to whoever wrote that gem. Anyone who is influenced by that into parting with their bitcoins deserves to gamble them away.
I remember visiting Satoshi Dice around two years ago when it was still a pretty plain site. Now... "The Ghost of Satoshi will roll the dice". LOL! Well done to whoever wrote that gem. Anyone who is influenced by that into parting with their bitcoins deserves to gamble them away.
July 18, 2013, 02:38:11 AM
What if the buyer is an established casino firm that wanted to get into the Bitcoin game? If that's the case, then they would've been accumulating beforehand and have been responsible for some of the buying pressure. This would now be gone, along with 350k coins released on the market.
I smell blood.
I smell blood.
Ummm......if an established casino firm was serious enough about bitcoin to buy SD, that would be INCREDIBLY bullish for bitcoin. Missing the forest for the trees, man.
July 18, 2013, 02:17:38 AM
He is doing that to prevent some angry shareholder from coming after him, no real choice. I wouldn't say investors were treated fairly though. Pretty much every one of them comes out having wasted their time and money. Vorhees is the only one who benefitted from this endeavor.
Not true. From an investor's point of view I do not think it is very reasonable to use the BTC as numeraire due to its lack of capital pools and incredible volatility. Pretty much anyone who bought between April 2012 and March 2013 who have held for the long-term have had tremendous returns using the USD as numeraire.
July 17, 2013, 10:56:51 PM
or if Eric pays this extra out of his part of the deal
Erik is taking a pretty decent hit. But the end result is the other investors have been treated very well. At the end of the day Erik is making a pretty penny off the entire thing.
He is doing that to prevent some angry shareholder from coming after him, no real choice. I wouldn't say investors were treated fairly though. Pretty much every one of them comes out having wasted their time and money. Vorhees is the only one who benefitted from this endeavor.
July 17, 2013, 10:50:27 PM
Jumping to conclusions much?
Why would s.dice holders receiving modest payouts dump their dicidends all at once?
They're not releasing all $160 to one person you know.
"The sky is falling, the sky is falling!"
^ THIS is what depresses the price, and it's YOUR fault.
Why would s.dice holders receiving modest payouts dump their dicidends all at once?
They're not releasing all $160 to one person you know.
"The sky is falling, the sky is falling!"
^ THIS is what depresses the price, and it's YOUR fault.
There are 100 million shares, so it's 350k BTC, and they're to be released tomorrow within a few hours:
This letter is being posted roughly 24 hours prior to the payout, at which point MPEX holders will receive .0035 BTC per share plus the small additional amounts mentioned above. […] The payout will occur in roughly 20 increments over a period of several hours
The sky isn't falling, the sun is exploding and it's consuming the earth. Goodbye.
edit: Nvm, I read you wrong. Of course they won't dump their dividends all at once. Just a fraction.
How did you ever become a mod?
Compared to the last mod of this subforum, Blitz is an angel from heaven.
I think you are confusing the words "angel" and "troll"
Hehe, fair enough. Troll from heaven.
July 17, 2013, 10:35:23 PM
Jumping to conclusions much?
Why would s.dice holders receiving modest payouts dump their dicidends all at once?
They're not releasing all $160 to one person you know.
"The sky is falling, the sky is falling!"
^ THIS is what depresses the price, and it's YOUR fault.
Why would s.dice holders receiving modest payouts dump their dicidends all at once?
They're not releasing all $160 to one person you know.
"The sky is falling, the sky is falling!"
^ THIS is what depresses the price, and it's YOUR fault.
There are 100 million shares, so it's 350k BTC, and they're to be released tomorrow within a few hours:
This letter is being posted roughly 24 hours prior to the payout, at which point MPEX holders will receive .0035 BTC per share plus the small additional amounts mentioned above. […] The payout will occur in roughly 20 increments over a period of several hours
The sky isn't falling, the sun is exploding and it's consuming the earth. Goodbye.
edit: Nvm, I read you wrong. Of course they won't dump their dividends all at once. Just a fraction.
How did you ever become a mod?
Compared to the last mod of this subforum, Blitz is an angel from heaven.
I think you are confusing the words "angel" and "troll"
July 17, 2013, 10:27:09 PM
Jumping to conclusions much?
Why would s.dice holders receiving modest payouts dump their dicidends all at once?
They're not releasing all $160 to one person you know.
"The sky is falling, the sky is falling!"
^ THIS is what depresses the price, and it's YOUR fault.
Why would s.dice holders receiving modest payouts dump their dicidends all at once?
They're not releasing all $160 to one person you know.
"The sky is falling, the sky is falling!"
^ THIS is what depresses the price, and it's YOUR fault.
There are 100 million shares, so it's 350k BTC, and they're to be released tomorrow within a few hours:
This letter is being posted roughly 24 hours prior to the payout, at which point MPEX holders will receive .0035 BTC per share plus the small additional amounts mentioned above. […] The payout will occur in roughly 20 increments over a period of several hours
The sky isn't falling, the sun is exploding and it's consuming the earth. Goodbye.
edit: Nvm, I read you wrong. Of course they won't dump their dividends all at once. Just a fraction.
How did you ever become a mod?
Compared to the last mod of this subforum, Blitz is an angel from heaven.
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