Topic: This is where "the community" kisses my feet. Again. (Read 3878 times)
Before people buy sdice they should look at what happened to http://feedzebirds.com/ and decide if Erik is really worth trusting or not, or if he will just decide to one day close the site and do a runner if his luck runs out.
The worse is that Erik can anytime dump milions of shares if he decides to sell some more 
Not true. There is a 30 day lockup after the IPO sells out. The anonymous investor could sell additional shares of the 90MM not yet on the market only after the lockup ends.
So, investors are still safe until 30 days after IPO sells? What a relief
Whether they sell more shares or not is irrelevant; the shares cannot be diluted. The most they can sell is 40 more million shares.
The question is if there's a market for additional 40 million shares at IPO prices. Definitely not.
And if SD becomes less profitable and Erik will dump those 40 million to the market, investors are screwed. The SD shares are ridiculously overpriced at this time. Really.It depends on your ability to be patient. Since SatoshiDice is giving a decent dividend, to some extent it does not matter what the price does, you can hold onto shares and keep getting paid. Evoorhees can only sell those shares once (this is kind of like all the people who got into bitcoin when they were worth a few cents, sure they could sell off and drop the market for a bit, but then they run out of bitcoins and the price will jump back up to about where it was before.) If Evoorhees sells off more of his shares and drops the price, that just gives an oppuprtunity for savvy investors to grab shares at a discount.
How come you dont have a scammer tag yet ?
The worse is that Erik can anytime dump milions of shares if he decides to sell some more
Not true. There is a 30 day lockup after the IPO sells out. The anonymous investor could sell additional shares of the 90MM not yet on the market only after the lockup ends.
So, investors are still safe until 30 days after IPO sells? What a relief
Whether they sell more shares or not is irrelevant; the shares cannot be diluted. The most they can sell is 40 more million shares.
The question is if there's a market for additional 40 million shares at IPO prices. Definitely not.
And if SD becomes less profitable and Erik will dump those 40 million to the market, investors are screwed. The SD shares are ridiculously overpriced at this time. Really.Would suggest you read the prospectus - he can't just dump them at a low price.
LOL, maybe YOU should read the prospectus yourself again and show me where it states he cannot dump more shares on market
In the contract on MPEX the only thing what somehow hinders selling more shares is the 30 day period after IPO shares are sold which AFAIK is over.You don't know much then, can even read a simple price chart. IPO shares sold out Jan. 5th 2013.
Read the text.
"The representatives of SatoshiDice warrant that no further shares will be offered by them for a period of 30 days from the date these offered shares are sold."
Does it say "from the date the shares are offered?" No, its says from "from the date these offered shares are sold."
1. Dear Lord, what is this ?
Yes, this is dog.
Yes, this is dog.
The worse is that Erik can anytime dump milions of shares if he decides to sell some more
Not true. There is a 30 day lockup after the IPO sells out. The anonymous investor could sell additional shares of the 90MM not yet on the market only after the lockup ends.
So, investors are still safe until 30 days after IPO sells? What a relief
Whether they sell more shares or not is irrelevant; the shares cannot be diluted. The most they can sell is 40 more million shares.
The question is if there's a market for additional 40 million shares at IPO prices. Definitely not.
And if SD becomes less profitable and Erik will dump those 40 million to the market, investors are screwed. The SD shares are ridiculously overpriced at this time. Really.Would suggest you read the prospectus - he can't just dump them at a low price.
LOL, maybe YOU should read the prospectus yourself again and show me where it states he cannot dump more shares on market
In the contract on MPEX the only thing what somehow hinders selling more shares is the 30 day period after IPO shares are sold which AFAIK is over. ... could have already sold his shares (if he wanted to) for (0.00468334/0.0032)*1000 = 1,463.54375 BTC. This all comes to a 56% return on investment, or 560.884485598 BTC in cold, hard liquid profit....
How does one sell 1463btc worth of share at 0.0046 when buy depth has only 156 000 shares going as low as 0.0018 ,,, for a possible sell of ~550btc ?
You don't seem to understand how these markets work. One could place an order of 1463btc worth of shares at 0.0046 and then when the order is filled they have 1463btc. The stuff on the order book is just what you could get if you sell right now, it does not stop you from placing your own order higher on the order book.
I haven't actually looked at the contract, but were the above figures accurate that 3200BTC would buy 1% of the company during the IPO?
If so, wouldn't that imply that 1000BTC would buy 0.3125% of the company?
If 1000BTC (0.3125%) has returned 97.34BTC in divs in the last 20 weeks, that would be a total dividend payout of of about 31,500 BTC in less than half a year. Is SatoshiDice really that profitable?
If so, wouldn't that imply that 1000BTC would buy 0.3125% of the company?
If 1000BTC (0.3125%) has returned 97.34BTC in divs in the last 20 weeks, that would be a total dividend payout of of about 31,500 BTC in less than half a year. Is SatoshiDice really that profitable?
Yes.
https://bitcointalksearch.org/topic/m.1444165
The SD shares are ridiculously overpriced at this time. Really.
How have you determined that they are overpriced? Personally, I find it hard to accept that an investment that returns over 20% per year is overvalued, but I would like to see your assessment. Maybe I am missing something. Can you please tell us what you think the real value is, and show us how you determine it?
I like Satoshidice a lot. That being said I think you are severely underestimating the risk. Even though I have no financial interest in Satoshidice I am rooting for them btw
The SD shares are ridiculously overpriced at this time. Really.
How have you determined that they are overpriced? Personally, I find it hard to accept that an investment that returns over 20% per year is overvalued, but I would like to see your assessment. Maybe I am missing something. Can you please tell us what you think the real value is, and show us how you determine it?
The worse is that Erik can anytime dump milions of shares if he decides to sell some more
Not true. There is a 30 day lockup after the IPO sells out. The anonymous investor could sell additional shares of the 90MM not yet on the market only after the lockup ends.
So, investors are still safe until 30 days after IPO sells? What a relief
Whether they sell more shares or not is irrelevant; the shares cannot be diluted. The most they can sell is 40 more million shares.
The question is if there's a market for additional 40 million shares at IPO prices. Definitely not.
And if SD becomes less profitable and Erik will dump those 40 million to the market, investors are screwed. The SD shares are ridiculously overpriced at this time. Really.Would suggest you read the prospectus - he can't just dump them at a low price.
The worse is that Erik can anytime dump milions of shares if he decides to sell some more
Not true. There is a 30 day lockup after the IPO sells out. The anonymous investor could sell additional shares of the 90MM not yet on the market only after the lockup ends.
So, investors are still safe until 30 days after IPO sells? What a relief
Whether they sell more shares or not is irrelevant; the shares cannot be diluted. The most they can sell is 40 more million shares.
The question is if there's a market for additional 40 million shares at IPO prices. Definitely not.
And if SD becomes less profitable and Erik will dump those 40 million to the market, investors are screwed. The SD shares are ridiculously overpriced at this time. Really. 
Ha, far from a hater. I respect that you have a good stock on your exchange. If only there was a way to convince evoorhees to move to another exchange...then your delusions of grandeur and superiority complex might finally end 
Cheeky, aren't you.
Definitely
The worse is that Erik can anytime dump milions of shares if he decides to sell some more
Not true. There is a 30 day lockup after the IPO sells out. The anonymous investor could sell additional shares of the 90MM not yet on the market only after the lockup ends.
So, investors are still safe until 30 days after IPO sells? What a relief
Whether they sell more shares or not is irrelevant; the shares cannot be diluted. The most they can sell is 40 more million shares.
... could have already sold his shares (if he wanted to) for (0.00468334/0.0032)*1000 = 1,463.54375 BTC. This all comes to a 56% return on investment, or 560.884485598 BTC in cold, hard liquid profit....
How does one sell 1463btc worth of share at 0.0046 when buy depth has only 156 000 shares going as low as 0.0018 ,,, for a possible sell of ~550btc ?
I must say I am very impressed by S.DICE popularity, I was under the impression bitcoiners knew better that gambling was a waste of time and if not, unprofitable.
The trade volume for the day was ~1500 BTC in that quote.
The worse is that Erik can anytime dump milions of shares if he decides to sell some more
Not true. There is a 30 day lockup after the IPO sells out. The anonymous investor could sell additional shares of the 90MM not yet on the market only after the lockup ends.
So, investors are still safe until 30 days after IPO sells? What a relief
The worse is that Erik can anytime dump milions of shares if he decides to sell some more
Not true. There is a 30 day lockup after the IPO sells out. The anonymous investor could sell additional shares of the 90MM not yet on the market only after the lockup ends.
The worse is that Erik can anytime dump milions of shares if he decides to sell some more
So bottomline, just another pile of crap.
Not so. It's irrelevant if Erik sells more shares, it won't dilute the current shares; he already divided S.dice into 100,000,000 shares. He already sold 10% of the dice, meaning at most, he can sell another 40 million shares. I read in the contract that he won't sell more than 50% of S.Dice.
The worse is that Erik can anytime dump milions of shares if he decides to sell some more
So bottomline, just another pile of crap.
The worse is that Erik can anytime dump milions of shares if he decides to sell some more
... could have already sold his shares (if he wanted to) for (0.00468334/0.0032)*1000 = 1,463.54375 BTC. This all comes to a 56% return on investment, or 560.884485598 BTC in cold, hard liquid profit....
How does one sell 1463btc worth of share at 0.0046 when buy depth has only 156 000 shares going as low as 0.0018 ,,, for a possible sell of ~550btc ?
I must say I am very impressed by S.DICE popularity, I was under the impression bitcoiners knew better that gambling was a waste of time and if not, unprofitable.
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