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Topic: S.DICE passes S.MPOE, becomes largest public company in Bitcoinworld. (Read 3533 times)

legendary
Activity: 910
Merit: 1000
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PS! mpoe-pr, I am just curious, how did this pompous joke manipulate you into working for him?

My previous owner thought the world of twos fulla jacks. Mr. P had jacks fulla twos.


Talk about low self-esteem

An now, let the crickets chirp
hero member
Activity: 756
Merit: 522
PS! mpoe-pr, I am just curious, how did this pompous joke manipulate you into working for him?

My previous owner thought the world of twos fulla jacks. Mr. P had jacks fulla twos.
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
LOL at PR-fluff! No need to get your panties in a bunch.
I know how market cap is calculated and what it is for.  The way you present those numbers, is laughable and this is why I made fun of your "PR" statement.

Most people here have no idea how meaningless the "marker cap" can be in a situations like SDICE or your employers one stock wonderbazaar. (hmm... can we call it Mircea Popescu wonderbra - inflated to look good).  Smiley

Yes, I did took a bit longer road to make it painfully clear and used examples to deliver the message. That monkey in a suit, who pays you to post this crap here,  loves to jerk off to his delusions and absurdly inflated numbers, but stop spreading that shit here. Asking you to be honest and not manipulative is probably waste of time. 

It is truly disgusting, what you two sociopaths are doing and how you constantly twist meaningless (yes, in current situations) numbers to inflate your puny egos. It truly is.

PS! mpoe-pr, I am just curious, how did this pompous joke manipulate you into working for him?
I am serious. A grown women takes a job to make herself in to a complete fool in a bitcoinforum... damn, this is some sick shit to be honest.  Are you really so unemployable that nobody else wants you? What happened? Drugs? Criminal background or mindset? Mental issues? Screwing over your previous emp's? 
I actually used to feel sorry for you sometimes. But I am starting to think that you are just anther scank with criminal tendencies, so I do not care any more  Kiss
donator
Activity: 1890
Merit: 1010
Parental Advisory Explicit Content
But anyway: mkt cap = shares x share price. It makes no difference if the shares are 30, 50 or 90% held by institutional investors, owners, whatever the hell they may be. This bs "is it 1k or 10k" is just mind distortion resulting from GLBSE exposure (when I said a year ago that the worst contribution that scampit is making to BTC finance is mis-training kids into what finance is and how it works I meant it, this is a fine example). Just because GLBSE couldn't correctly handle IPOs and in the process completely fucked up the concept of shares in the minds of a buncha noobs and empowered a buncha scammers (srsly, have an "IPO" where 1mn shares are created, 1k are sold and the zero equity owner ends up with 99.9% of corp? barf) doesn't mean jack shit in any sort of sane context.

Well stated. Imagine how much better off we would be if MPEx would have started up before GLBSE.

Mwhuhahaha F MPEX! LOL
And his Romanian Hooker Industrie.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
But anyway: mkt cap = shares x share price. It makes no difference if the shares are 30, 50 or 90% held by institutional investors, owners, whatever the hell they may be. This bs "is it 1k or 10k" is just mind distortion resulting from GLBSE exposure (when I said a year ago that the worst contribution that scampit is making to BTC finance is mis-training kids into what finance is and how it works I meant it, this is a fine example). Just because GLBSE couldn't correctly handle IPOs and in the process completely fucked up the concept of shares in the minds of a buncha noobs and empowered a buncha scammers (srsly, have an "IPO" where 1mn shares are created, 1k are sold and the zero equity owner ends up with 99.9% of corp? barf) doesn't mean jack shit in any sort of sane context.

Well stated. Imagine how much better off we would be if MPEx would have started up before GLBSE.
hero member
Activity: 756
Merit: 522
You seem to confuse market cap with "how much would 100% of SDice or MPEx sell for today".

Actually that makes me curious suddenly: what'd AAPL or GOOG mkt cap be if it were calculated as "how much would the shares sell for if 100% were put on the market today, as market orders". o.0

MP tested his approach to market cap by increasing amount of publicly traded S.MPOE shares from 6% to over 11% in this month.. and most of them already sold

Actually it's just a shade over 10%, not 11%. I wouldn't have bothered to say anything but as it happens that 1% is some pretty heavy 6k BTCs, give or take. A rounding error the size of entire markets.

But anyway: mkt cap = shares x share price. It makes no difference if the shares are 30, 50 or 90% held by institutional investors, owners, whatever the hell they may be. This bs "is it 1k or 10k" is just mind distortion resulting from GLBSE exposure (when I said a year ago that the worst contribution that scampit is making to BTC finance is mis-training kids into what finance is and how it works I meant it, this is a fine example). Just because GLBSE couldn't correctly handle IPOs and in the process completely fucked up the concept of shares in the minds of a buncha noobs and empowered a buncha scammers (srsly, have an "IPO" where 1mn shares are created, 1k are sold and the zero equity owner ends up with 99.9% of corp? barf) doesn't mean jack shit in any sort of sane context.
full member
Activity: 238
Merit: 100
Satoshi Dice has more transparent financials than any company I know. You can follow all the action in the blockchain and people are actually doing this:
https://bitcointalksearch.org/topic/m.1479678

Other companies can have "public accounting and auditing" by using the blockchain in some similar manner if they wish.

+1

And when 2 month of dividend = funds raised by the IPO +/-, it's easy understandable.

No interest to run like any other scam in Coinland

And yet its offering an illegal security on a fairytale share market. How much will your shares be worth when evorhees is in prison for racketeering ?
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
You seem to confuse market cap with "how much would 100% of SDice or MPEx sell for today".
Actually, I am not. Market value is the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without compulsion. - (IVSC)

What I was asking/talking about is how the "market capitalization" get calculated here.
Wikipedia has broader definition. In any case we're speaking hypothetically here,neither MP nor Eric show any intention to sell. Nor are there private enterprises irl operating anywhere near %s of money supply. Would that fact increase or decrease their value? Only thing we can observe is market behavior and that shows, whatever they had thrown in so far, was sold in matter of few months. Or we have PE. Both look quite convincing to me. If not to you,why not? Isn't this just your rage about them disproving your predictions?
That would be less than market cap computed by MPOE-PR above, but definitely it would be much more than only price of publicly traded shares. MP tested his approach to market cap by increasing amount of publicly traded S.MPOE shares from 6% to over 11% in this month.. and most of them already sold. So is reasonable to assume the "real price" is closer to 620k BTC. If your BTC Co can perform similarly, you can make similar claims, I don't see any issue here.

Was there a secondary offering?
In fact yes, MP sold shares in last few months as he seemed fit, putting big sell walls in January(or end of December don't remember exactly.)
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
So all I need to do is invent a BTC Co with 10 693 900 shares and sell 1/10693900 of that wonderful Co to the public for 1 BTC? Now I can must ask some neurotic pr-fluff to type up the following statement:
Congrats to the winners! Shares of this listed companie now account for ~100% of Bitcoin in circulation, and are likely the single largest sector of the Bitcoin economy.

And be not only the smartest man in the world, but also in Romania!
And this is just for lulz... : http://translate.google.com/translate?sl=ro&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&eotf=1&u=http%3A%2F%2Fwww.zoso.ro%2Fmircea-popescu-este-cel-mai-influent-si-mai-destept-om-din-lume-si-din-romania%2F&act=url

Really? This is amazing! Lets all be zillionaires!
OMFG! Did we just eliminate poverty from our planet?  Kiss



legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
On the basis of last trade,
S.DICE at 100,000,000 shares x 0.00632181 each = 632,181 total BTC market capitalization.
S.MPOE at 1,000,000,000 shares x 0.00062071 each = 620,710 total BTC market capitalization.

Of course the last trade isn't a particularly solid point of reference, and average prices for instance paint a different picture:

Quote
[MPEX:S.MPOE] 1D: 0.00059613 / 0.00067264 / 0.0007 (12311765 shares, 8,281.44 BTC), 7D: 0.00059445 / 0.00065233 / 0.0007 (23989321 shares, 15,649.06 BTC), 30D: 0.00059445 / 0.00065039 / 0.0007 (51770531 shares, 33,671.44 BTC)
[MPEX:S.DICE] 1D: 0.00085848 / 0.00381004 / 0.00699 (551781 shares, 2,102.31 BTC), 7D: 0.00085848 / 0.00447518 / 0.00699 (962889 shares, 4,309.11 BTC), 30D: 0.00085848 / 0.00416676 / 0.00699 (10220055 shares, 42,584.56 BTC)

Still, it's the first time something has passed ahead of MPOE/MPEx, a first that no doubt will be soon surpassed.

Congrats to the winners! Shares of listed companies now account for ~12% of Bitcoin in circulation, and are likely the single largest sector of the Bitcoin economy. Our projection is that market cap of listed Bitcoin corps will be over 100% circulating Bitcoin this year or the next, what's yours?

Lets see now. SDICE IPO was for 10`000`000 (ten million) shares an not for 1,000,000,000 (one billion, one thousand million or milliard -  depends what system you are used to) . Do you see those extra 2 zeros? (and wtf is up with you obsession of zeros?)
I am not sure you can really say that S.DICE market cap is actually 632,181 BTC.

Lets say we set up a virtual BTC Co, complete the IPO by selling 10% or 1000 shares for 1 BTC a pop.
What is this Co's market cap?
How many publicly traded shares do we have? Is it 1,000 or 10,000? I am sure it's 1,000 (thousand).

So, is this virtual Co's market cap 1 000BTC or 10,000 BTC?

And please note, evoorhees can not really sell his 90,000,000,000 (LOL, I need more zeros! Pleeeeease!) imaginary shares via any btc/ltc exchange unless he announces a new IPO. Yes, in BTC world we can do what ever we want but then, those numbers you so neatly inflated here, will become even more meaningless pr drivel of yours.
You seem to confuse market cap with "how much would 100% of SDice or MPEx sell for today".
Actually, I am not. Market value is the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without compulsion. - (IVSC)

What I was asking/talking about is how the "market capitalization" get calculated here.

That would be less than market cap computed by MPOE-PR above, but definitely it would be much more than only price of publicly traded shares. MP tested his approach to market cap by increasing amount of publicly traded S.MPOE shares from 6% to over 11% in this month.. and most of them already sold. So is reasonable to assume the "real price" is closer to 620k BTC. If your BTC Co can perform similarly, you can make similar claims, I don't see any issue here.

Was there a secondary offering?
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
On the basis of last trade,
S.DICE at 100,000,000 shares x 0.00632181 each = 632,181 total BTC market capitalization.
S.MPOE at 1,000,000,000 shares x 0.00062071 each = 620,710 total BTC market capitalization.

Of course the last trade isn't a particularly solid point of reference, and average prices for instance paint a different picture:

Quote
[MPEX:S.MPOE] 1D: 0.00059613 / 0.00067264 / 0.0007 (12311765 shares, 8,281.44 BTC), 7D: 0.00059445 / 0.00065233 / 0.0007 (23989321 shares, 15,649.06 BTC), 30D: 0.00059445 / 0.00065039 / 0.0007 (51770531 shares, 33,671.44 BTC)
[MPEX:S.DICE] 1D: 0.00085848 / 0.00381004 / 0.00699 (551781 shares, 2,102.31 BTC), 7D: 0.00085848 / 0.00447518 / 0.00699 (962889 shares, 4,309.11 BTC), 30D: 0.00085848 / 0.00416676 / 0.00699 (10220055 shares, 42,584.56 BTC)

Still, it's the first time something has passed ahead of MPOE/MPEx, a first that no doubt will be soon surpassed.

Congrats to the winners! Shares of listed companies now account for ~12% of Bitcoin in circulation, and are likely the single largest sector of the Bitcoin economy. Our projection is that market cap of listed Bitcoin corps will be over 100% circulating Bitcoin this year or the next, what's yours?

Lets see now. SDICE IPO was for 10`000`000 (ten million) shares an not for 1,000,000,000 (one billion, one thousand million or milliard -  depends what system you are used to) . Do you see those extra 2 zeros? (and wtf is up with you obsession of zeros?)
I am not sure you can really say that S.DICE market cap is actually 632,181 BTC.

Lets say we set up a virtual BTC Co, complete the IPO by selling 10% or 1000 shares for 1 BTC a pop.
What is this Co's market cap?
How many publicly traded shares do we have? Is it 1,000 or 10,000? I am sure it's 1,000 (thousand).

So, is this virtual Co's market cap 1 000BTC or 10,000 BTC?

And please note, evoorhees can not really sell his 90,000,000,000 (LOL, I need more zeros! Pleeeeease!) imaginary shares via any btc/ltc exchange unless he announces a new IPO. Yes, in BTC world we can do what ever we want but then, those numbers you so neatly inflated here, will become even more meaningless pr drivel of yours.
You seem to confuse market cap with "how much would 100% of SDice or MPEx sell for today". That would be less than market cap computed by MPOE-PR above, but definitely it would be much more than only price of publicly traded shares. MP tested his approach to market cap by increasing amount of publicly traded S.MPOE shares from 6% to over 11% in this month.. and most of them already sold. So is reasonable to assume the "real price" is closer to 620k BTC. If your BTC Co can perform similarly, you can make similar claims, I don't see any issue here.
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
On the basis of last trade,
S.DICE at 100,000,000 shares x 0.00632181 each = 632,181 total BTC market capitalization.
S.MPOE at 1,000,000,000 shares x 0.00062071 each = 620,710 total BTC market capitalization.

Of course the last trade isn't a particularly solid point of reference, and average prices for instance paint a different picture:

Quote
[MPEX:S.MPOE] 1D: 0.00059613 / 0.00067264 / 0.0007 (12311765 shares, 8,281.44 BTC), 7D: 0.00059445 / 0.00065233 / 0.0007 (23989321 shares, 15,649.06 BTC), 30D: 0.00059445 / 0.00065039 / 0.0007 (51770531 shares, 33,671.44 BTC)
[MPEX:S.DICE] 1D: 0.00085848 / 0.00381004 / 0.00699 (551781 shares, 2,102.31 BTC), 7D: 0.00085848 / 0.00447518 / 0.00699 (962889 shares, 4,309.11 BTC), 30D: 0.00085848 / 0.00416676 / 0.00699 (10220055 shares, 42,584.56 BTC)

Still, it's the first time something has passed ahead of MPOE/MPEx, a first that no doubt will be soon surpassed.

Congrats to the winners! Shares of listed companies now account for ~12% of Bitcoin in circulation, and are likely the single largest sector of the Bitcoin economy. Our projection is that market cap of listed Bitcoin corps will be over 100% circulating Bitcoin this year or the next, what's yours?

Lets see now. SDICE IPO was for 10`000`000 (ten million) shares an not for 1,000,000,000 (one billion, one thousand million or milliard -  depends what system you are used to) . Do you see those extra 2 zeros? (and wtf is up with you obsession of zeros?)
I am not sure you can really say that S.DICE market cap is actually 632,181 BTC.

Lets say we set up a virtual BTC Co, complete the IPO by selling 10% or 1000 shares for 1 BTC a pop.
What is this Co's market cap?
How many publicly traded shares do we have? Is it 1,000 or 10,000? I am sure it's 1,000 (thousand).

So, is this virtual Co's market cap 1 000BTC or 10,000 BTC?

And please note, evoorhees can not really sell his 90,000,000,000 (LOL, I need more zeros! Pleeeeease!) imaginary shares via any btc/ltc exchange unless he announces a new IPO. Yes, in BTC world we can do what ever we want but then, those numbers you so neatly inflated here, will become even more meaningless pr drivel of yours.
sr. member
Activity: 476
Merit: 250
Satoshi Dice has more transparent financials than any company I know. You can follow all the action in the blockchain and people are actually doing this:
https://bitcointalksearch.org/topic/m.1479678

Other companies can have "public accounting and auditing" by using the blockchain in some similar manner if they wish.

+1

And when 2 month of dividend = funds raised by the IPO +/-, it's easy understandable.

No interest to run like any other scam in Coinland
hero member
Activity: 756
Merit: 522
In Bitcoinworld its only a matter of time till someone scams you out of your coins. Even supposedly "respected" companies.

Oh, you mean like Madoff, MF Global, Lehman, etc? Sure. Two a month sort of thing.

How would we even know a bitcoin "company" is in trouble when there is no public accounting and auditing. In fact to call them "companies" is a joke. The fact you have mislabeled them in the thread OP says it all.

There is no business registration for either MPOE or SDICE which makes it a sham to start with. If there is please point them out.

But see, you are wrong. As far as at all possible, there's very public accounting anyone can review. S.DICE does it, S.BBET does it. Much unlike the case of any so called company in fiat, where you have to trust the word of provenly corrupt "auditors", here you can do the math yourself. It's not equally practical for MPOE to do, but at least there's the public inbound addresses you can review, the trade tickers, all that.

So no, when it comes to auditing and transparency there's really no way for fiat to touch BTC standards. Now, BTC allows control, and control means power, and power is easily abused, especially by the young, the weak, the stupid. Sure. So?

The fact that there is no business registration is precisely what makes them more credible: you know for a fact the state isn't stealing from you. One less may not mean much overall, yet it still is one less. But for my own curiosity, how did you know Madoff was in trouble? Lehman? MF Global? Etc?
k
sr. member
Activity: 451
Merit: 250
In Bitcoinworld its only a matter of time till someone scams you out of your coins. Even supposedly "respected" companies.

Oh, you mean like Madoff, MF Global, Lehman, etc? Sure. Two a month sort of thing.

How would we even know a bitcoin "company" is in trouble when there is no public accounting and auditing. In fact to call them "companies" is a joke. The fact you have mislabeled them in the thread OP says it all.

There is no business registration for either MPOE or SDICE which makes it a sham to start with. If there is please point them out.


Satoshi Dice has more transparent financials than any company I know. You can follow all the action in the blockchain and people are actually doing this:
https://bitcointalksearch.org/topic/m.1479678

Other companies can have "public accounting and auditing" by using the blockchain in some similar manner if they wish.
full member
Activity: 238
Merit: 100
In Bitcoinworld its only a matter of time till someone scams you out of your coins. Even supposedly "respected" companies.

Oh, you mean like Madoff, MF Global, Lehman, etc? Sure. Two a month sort of thing.

How would we even know a bitcoin "company" is in trouble when there is no public accounting and auditing. In fact to call them "companies" is a joke. The fact you have mislabeled them in the thread OP says it all.

There is no business registration for either MPOE or SDICE which makes it a sham to start with. If there is please point them out.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye

Congrats to the winners! Shares of listed companies now account for ~12% of Bitcoin in circulation, and are likely the single largest sector of the Bitcoin economy. Our projection is that market cap of listed Bitcoin corps will be over 100% circulating Bitcoin this year or the next, what's yours?

A while ago (about July 2011) I predicted that one of the major uses for bitcoins would be for investors. Shares of companies seem like one of the most natural markets for bitcoins. As more people with assets join bitcoin looking for a place to park their cash, and more people with worthwhile companies start asking for bitcoin investment, this sector will explode.

That's funny, because also a while ago (about January 2011) someone predicted that you'll post a terse note about how "everything is a scam", how "you lost all BTC" and then make yourself scarce (after, of course, having deleted a half year's worth of "valuable contributions" and other usagi-style trend setting).

And someone predicted you'll be back, too, much like that scummy fuck Harnett is dicking around on PPT-PR. That's the problem with you scammer types: no matter the size of the haul sooner or later you'll run out and have to come crawling back. Unlike the actual business people you so astutely impersonate, you're -ER.

Touche.
hero member
Activity: 756
Merit: 522

Congrats to the winners! Shares of listed companies now account for ~12% of Bitcoin in circulation, and are likely the single largest sector of the Bitcoin economy. Our projection is that market cap of listed Bitcoin corps will be over 100% circulating Bitcoin this year or the next, what's yours?

A while ago (about July 2011) I predicted that one of the major uses for bitcoins would be for investors. Shares of companies seem like one of the most natural markets for bitcoins. As more people with assets join bitcoin looking for a place to park their cash, and more people with worthwhile companies start asking for bitcoin investment, this sector will explode.

That's funny, because also a while ago (about January 2011) someone predicted that you'll post a terse note about how "everything is a scam", how "you lost all BTC" and then make yourself scarce (after, of course, having deleted a half year's worth of "valuable contributions" and other usagi-style trend setting).

And someone predicted you'll be back, too, much like that scummy fuck Harnett is dicking around on PPT-PR. That's the problem with you scammer types: no matter the size of the haul sooner or later you'll run out and have to come crawling back. Unlike the actual business people you so astutely impersonate, you're -ER.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye

Congrats to the winners! Shares of listed companies now account for ~12% of Bitcoin in circulation, and are likely the single largest sector of the Bitcoin economy. Our projection is that market cap of listed Bitcoin corps will be over 100% circulating Bitcoin this year or the next, what's yours?

A while ago (about July 2011) I predicted that one of the major uses for bitcoins would be for investors. Shares of companies seem like one of the most natural markets for bitcoins. As more people with assets join bitcoin looking for a place to park their cash, and more people with worthwhile companies start asking for bitcoin investment, this sector will explode.
hero member
Activity: 756
Merit: 522
In Bitcoinworld its only a matter of time till someone scams you out of your coins. Even supposedly "respected" companies.

Oh, you mean like Madoff, MF Global, Lehman, etc? Sure. Two a month sort of thing.
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