Topic: This is where "the community" kisses my feet. Again. - page 3. (Read 3878 times)
BUT i would like to see those feet
Imagine an individual who constantly drives 80 mph in 30mph areas who gloats that they have never hit anyone and have never received a ticket. It does not make their action any less risky. The fact that they have never hit anyone or received a ticket does not make anyone who told them of the risks beforehand wrong.
All this post does is illustrate your lack of understanding towards risk.
All this post does is illustrate your lack of understanding towards risk.
So...all the public shares have a total of 10 millions, that's 10% of total shares.
Let's say I buy 1 million shares to get 1% of satoshidice.
1 000 000 x 0.0032 = 3200 BTC.
It costs 3200 BTC to buy 1%.
Expected to have 2700 BTC / month in total profit. 1% of 2700 BTC = 27 BTC.
It cost me 3200 BTC to get 27 BTC / month and it would take me around 118 months to recoup my initial investment, or around 10 years.
I like satoshidice and I appreciate its potential....but I'm not sure at all.
Let's say I buy 1 million shares to get 1% of satoshidice.
1 000 000 x 0.0032 = 3200 BTC.
It costs 3200 BTC to buy 1%.
Expected to have 2700 BTC / month in total profit. 1% of 2700 BTC = 27 BTC.
It cost me 3200 BTC to get 27 BTC / month and it would take me around 118 months to recoup my initial investment, or around 10 years.
I like satoshidice and I appreciate its potential....but I'm not sure at all.
yeah, i was like lulz....
Given the figures of 65BTC/day, 10% across all shares, and so on, I got about 0.5%/month return. With your figures I got about 0.8%/mo. I understand that under most business plans 7%/wk is a clear scam, but this seems like the other side of crazy..
SatoshiDICE is worth 320,000 BTC or $3,200,000 at $10/BTC?
It would take a long time to pay off the 20btc it costs to register on MPEX 
what is stopping someone from coding up a clone of satoshi dice over a weekend and taking a piece of
the pie... thus reducing your profits.
it seems that is a major threat i would love to hear countered.
the pie... thus reducing your profits.
it seems that is a major threat i would love to hear countered.
what is stopping someone from coding up a clone of satoshi dice over a weekend and taking a piece of
the pie... thus reducing your profits.
it seems that is a major threat i would love to hear countered.
the pie... thus reducing your profits.
it seems that is a major threat i would love to hear countered.
i know of two clones being worked on now, and one for ltc.
its the only reason why iv not started my own yet. however if people buy this stock at this price i will be forced to
There are clones up and running
I'm working on a variant myself
I'm working on a variant myself
did i read the fine print right, 100,000,000 shares at .0032 or 3,200,00 btc or more than 30 million usd?
that is insane...
that is insane...
So...all the public shares have a total of 10 millions, that's 10% of total shares.
Let's say I buy 1 million shares to get 1% of satoshidice.
1 000 000 x 0.0032 = 3200 BTC.
It costs 3200 BTC to buy 1%.
Expected to have 2700 BTC / month in total profit. 1% of 2700 BTC = 27 BTC.
It cost me 3200 BTC to get 27 BTC / month and it would take me around 118 months to recoup my initial investment, or around 10 years.
I like satoshidice and I appreciate its potential....but I'm not sure at all.
Let's say I buy 1 million shares to get 1% of satoshidice.
1 000 000 x 0.0032 = 3200 BTC.
It costs 3200 BTC to buy 1%.
Expected to have 2700 BTC / month in total profit. 1% of 2700 BTC = 27 BTC.
It cost me 3200 BTC to get 27 BTC / month and it would take me around 118 months to recoup my initial investment, or around 10 years.
I like satoshidice and I appreciate its potential....but I'm not sure at all.
I am convinced you are not a ponzi scheme - mainly because the returns are so unattractive
There is at least 1 clone of SD: http://btcdice.com/
And a "themed" clone of satoshidice: http://satoshiroulette.com/
with the market expected to grow I dont see people ever getting their ROI.
Also Id like to know what bank SD has behind the casino
why are the bonds being sold 3200% their stated value in the contract. wont they just free fall after the ipo?
Investing in SatoshiDICE actually peaked my interest. These returns are ridiculous though...
0.0033278 BTC for 1/100M of 10%? Are you insane?
0.0033278 BTC for 1/100M of 10%? Are you insane?
Thank the gods that this one did not show up in GLBSE or in any of the other new exchanges that have popped up lately.
20 BTC for opening a account? This is a robbery.
There are better and more noble ways to burn your BTC.
20 BTC for opening a account? This is a robbery.
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"Want a piece of SatoshiDICE"
LOL... With a deal like this, you do not get even a piece of SatoshiDICE'es ass hair.There are better and more noble ways to burn your BTC.
Subtracting out one-time costs is a fairly common practice for companies that report non-GAAP statements (though in the real world they must also report GAAP earnings and cannot simply hide one-time costs because they feel like it).
Overall, this seems like a terrible investment idea to me on pretty much all fronts. You're dealing with a non-entity ("unregistered corporation" wtf?) to purchase extremely small amounts of a business that is extremely easy to copy (see Groupon). SatoshiDice appears to currently be a sole proprietorship and will remain so in reality because these "shares" have no voting rights.
These "shares" bear more similarities to a an annuity than they do to actual equity. On top of this, I see nothing resembling an audited financial statement. Proceed at your own, in my opinion extreme, risk.
Overall, this seems like a terrible investment idea to me on pretty much all fronts. You're dealing with a non-entity ("unregistered corporation" wtf?) to purchase extremely small amounts of a business that is extremely easy to copy (see Groupon). SatoshiDice appears to currently be a sole proprietorship and will remain so in reality because these "shares" have no voting rights.
These "shares" bear more similarities to a an annuity than they do to actual equity. On top of this, I see nothing resembling an audited financial statement. Proceed at your own, in my opinion extreme, risk.
While a P/E of 10 for a growth company is attractive as a normal investment, a 10 P/E ratio just isn't attractive at all in the world of bitcoin finance. The risks greatly bring down any reasonable P/E ratio, just look at any super high risk company on any major market. Those with growth are still prices in single digit P/Es most of the time. Bitcoin, as of right now, is much riskier than that, therefor companies based in bitcoin should have P/Es to match.
If the IPO had a reasonable valuation, I would give it more thought. Right now a 10 P/E is inappropriate for nearly any BTC based venture.
If the IPO had a reasonable valuation, I would give it more thought. Right now a 10 P/E is inappropriate for nearly any BTC based venture.
If SatoshiDICE future growth has so little risk and such high potential then why on earth is the owner selling equity instead of selling bonds?
This reminds me of the FeedZeBirds asset, which was also a profitable website and after the IPO they seemed to have stopped working on it without paying a single dividend, because other projects became more important 
TL;DR S.DICE is overvalued - company should improve its management
TL;DR S.DICE is overvalued - company should improve its management
I would love to have a pice of s.dice, but the deal sucks for everyone else except for you.
And I can't see how the company would keep it's value when bitcoin rallies against the other currencies..
thumbs down.
And I can't see how the company would keep it's value when bitcoin rallies against the other currencies..
thumbs down.They handily dropped by, no need 
Frankly, meh, if anyone wants to buy into SD at a >$3 million valuation on an exchange that shares its domain name with a porn/gore site, let them.
I wish them the best of luck finding buyers at that rate. I just don't think it's terribly likely that this IPO will be successful
Frankly, meh, if anyone wants to buy into SD at a >$3 million valuation on an exchange that shares its domain name with a porn/gore site, let them.
I wish them the best of luck finding buyers at that rate. I just don't think it's terribly likely that this IPO will be successful
LOL.... well... one of us is using our real world identity to conduct business, at least
Who are you, again?And LOL is a highly professional term, expressing humor across the web of space that divides us.
Someone that makes many times more than you without having to beg for monies on the forums. Do you really think exposing your real name makes you more respectable? In the real world all that matters is CASH MONEY. Same reason Matthew N. Wright Is a laughing stock with an orange ignore button and Pirate has 50 people defending him. Most profitable bitcoin business is a joke. Have you ever compared your profit to SR, exchanges, or similar? Good luck on your shitty IPO on that shitty exchange, though.
My train of thought after reading this thread...
Cool satoshiDice IPO..
Wow. way over priced, ~5 000 000 USD$ for this ? ... 10years to payout if nothing fail, or something better come out...
...would I even trust GLBSE ,,, Hmm,,
Then this ... :
Then went to http://polimedia.us/ ... Empty white site with a picture of gypsies...WTF ?
Then learn about 20btc fee,
/*insert slow clap meme here* /
Cool satoshiDice IPO..
Wow. way over priced, ~5 000 000 USD$ for this ? ... 10years to payout if nothing fail, or something better come out...
...would I even trust GLBSE ,,, Hmm,,
Then this ... :
...
Admitedly, MPEx is a bit more complicated to use than GLBSE.
Here's the FAQ http://polimedia.us/bitcoin/faq.html[/url]
It's run by Mircea Popescu (you can contact him with questions: mircea_popescu on IRC http://webchat.freenode.net/?channels=bitcoin-assets )
facepam momentAdmitedly, MPEx is a bit more complicated to use than GLBSE.
Here's the FAQ http://polimedia.us/bitcoin/faq.html[/url]
It's run by Mircea Popescu (you can contact him with questions: mircea_popescu on IRC http://webchat.freenode.net/?channels=bitcoin-assets )
Quote from: FAQ
1. Dear Lord, what is this ?
Yes, this is dog.
2. What is an MPSIC ?
Short for Mircea Popescu Standard Identification Code. It's true that it's not very standard, but on the other hand it's very code-y, so it all evens out in the end....
Yeah yeah,,, fuck off , TLDR ... humor into stock exchanges documentation, R U fkin kiddin me ?Yes, this is dog.
2. What is an MPSIC ?
Short for Mircea Popescu Standard Identification Code. It's true that it's not very standard, but on the other hand it's very code-y, so it all evens out in the end....
Then went to http://polimedia.us/ ... Empty white site with a picture of gypsies...WTF ?
Then learn about 20btc fee,
/*insert slow clap meme here* /
This thread is a freakin' hoot.
and this MPEX place seems totally legit.
lmao
and this MPEX place seems totally legit.
lmao
Meanwhile,
Quote
So here's the simple truth of the matter: someone sinking 1,000 BTC in S.DICE late August has meanwhile received 97.340735598 BTC in dividends and 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. Late August is just about twenty weeks ago.
Someone putting up 20 BTC and getting an MPEx account now has an account worth 30 BTC. That's a 50% ROI also.
You were wrong. All of you quoted here and all the others that I was too bored to fish out. You were wrong.
What now?
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