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Topic: Satoshi Dice Buy out: 126,315 BTC! Payout to be released to share holders! - page 5. (Read 9081 times)

N12
donator
Activity: 1610
Merit: 1010
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.


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.
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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
legendary
Activity: 2408
Merit: 1121
Cross posted reply to Erik "Business As Usual - What, are you mad?" Voorhees:

Well, thank you Erik for showing once and for all you're just a profit-chaser - you don't care about bitcoin, well, only enough to get your money out of it.

As I understand it - and please, feel free to add your crocodile tears here - you're going to DUMP a shitload of BTC on the market in general, to "shareholders" that will no doubt seek to "cash out" in droves. In a short time period, no less.

"I know some of you will be upset"

Yes, I am upset - first for your wholesale abuse of the blockchain, and now, for not only continuing your abomination but now trampling all over the BTC market in your urge to scratch that profit itch.

Will someone please hire Erik so he stops this pattern of wholesale dickery? What the hell is the next business enterprise, monetizing desperate immigrants? I can only sit and wonder, since I don't have the obvious lack of social acuity you display in your business schemes.

Just 'effing unbelievable....looks like we got "DICED" again.



N12
donator
Activity: 1610
Merit: 1010
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.
legendary
Activity: 1764
Merit: 1007
so what's left on MPEX? Except MPEX shares? So MPEX is officially a Ponzi now?  Huh
legendary
Activity: 1022
Merit: 1000
Goodbye, triple digits.

who HAS that many coins - very few people in the world.
do they need to buy the coins first? very interesting indeed

If payout is tomorrow, I pressume they have already acquired those Bitcoins.
legendary
Activity: 1008
Merit: 1003
WePower.red
Just watching the charts... $65 - 104 was 150k BTC rally...
N12
donator
Activity: 1610
Merit: 1010
Why would they be exchanged for dollars? Isn't it far more likely they'll find their way into other BTC denominated assets??
Not all of them need to to depress the price. Even a small fraction would be sufficient. It's summer in the hemisphere that most people inhabit, and I'm sure some people would like a good vacation on a yacht. Cheesy
sr. member
Activity: 353
Merit: 251
Why would they be exchanged for dollars? Isn't it far more likely they'll find their way into other BTC denominated assets??
N12
donator
Activity: 1610
Merit: 1010
Either early miners like Satoshi or knightmb or a conglomerate of people like the Winklevoss, or a company like MtGox/Tibanne.
hero member
Activity: 602
Merit: 500
Goodbye, triple digits.

who HAS that many coins - very few people in the world.
do they need to buy the coins first? very interesting indeed
N12
donator
Activity: 1610
Merit: 1010
Goodbye, triple digits.

Also, If I trust what I read, it's actually 350k BTC:

SatoshiDice has arranged to pay MPEX holders an additional .00223685 BTC per share bringing the total to 0.0035 BTC per share.
legendary
Activity: 1022
Merit: 1000
Just in: https://bitcointalksearch.org/topic/m.2751536

I think the number you want is:

13 000 000 x 0.0035 = 45 500
87 000 000 x 0.00126315 = 109 894.05

For a total of 155 394.05


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

2. What is the public share in the buy out and what is the prior owner's (Eric, etc)share in it?

3.
Will the TOTAL amount be payed out in BTC or USD or parts parts?

4.
WHEN will the money be released? All in one go or in intervals?

Around 12pm UTC today, the 18th of June 2013. Over a period of a few hours in 20 increments.

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

If it hits exchanges, which ones will be chosen in shadows of current withdrawal issues at MtGox?[/b] (>>>Short on BitStamp via Bitfinex now Wink??
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