....
Meanwhile, since this post went up five days ago, SatoshiDICE has been making so much money that the IPO price is now only a 9x multiple. SD made over 2000 BTC in net profit today, which is almost a tenth of what I'm asking for in the IPO... earned in one day. Maybe I'm pricing this too low :/ Will post updated stats in the google doc tomorrow.
ShireSilver, I guess you missed this "extremely" important update to boost the sales. I just like to know, what has changes in the last week. IPO is still going? Or is it? From the front page: There will be three blocks of shares released: 1) 2 million shares @ 0.0032 btc (Aug 24, Midnight GMT) 2) 5 million shares @ 0.0034 btc (Aug 25, Midnight GMT) - as of today, is this part even completed? 3) 3 million shares @ 0.0037 btc (Aug 26, Midnight GMT) - as of today, never started? Eskimo - you are very snarky. I'll update the stats at the end of the month, it was only 5 days ago that I updated them. Regarding the shares released - the first tranche of 2m is sold out. 4.879m of the second tranche are still available, as are the 3m shares of the third tranche. Stats can be obtained from dooglus's excellent thread, updated daily. I am mostly a speculator myself, but I suspect that the 3m shares of third tranche will not be touched in a while, unless SatoshiDice releases good news or pays its first dividend ahead of analyst projections. |
|
|
|
But an acceptable level of sockpuppetry is constructive to the greater intelligence of this community.
Meaningless sentence is meaningless. Redundant sentence is redundant. I argue that intelligence can only be achieved with uninhibited discussion, and uninhibited discussion can be sparked by sockpuppetry. Until and unless fraudulent or dishonest, acceptance is optimal. |
|
|
|
BitcoinTalk represents, at present, the core market place of the bitcoin economy. Economies are build on trust, and dishonesty here damages the future prospects of bitcoin itself. It is no wonder that outsiders see it as a paradise for scammers when subdafuge is not only accepted but expected.
Dishonesty and fraudulence should be punished, not merely rejected. But an acceptable level of sockpuppetry is constructive to the greater intelligence of this community, and does not imply dishonesty. |
|
|
|
So, you're not a big fan of accountability at it's most primal levels ?
Was Darwin wrong ? Do the most cowardly really get to continue in life, unopposed ?
Aren't we all simply animals anyways ?
No method of artificial selection has yet proved as important as social selection. The most cowardly are socially rejected, and therefore socially selected against. Neither throttling nor assisting this process has proven beneficial to the gene pool. |
|
|
|
We shouldn't be asking when a Bitcoin will be worth X USD, we should be asking when a USD will no longer be able to purchase Bitcoin.
Not in our lifetimes. The USD may be inflated all to hell where $1USD has the purchasing power of less than a penny and the banknotes are $500 USD, $5,000 USD, $10,000 USD, and $50,000 USD but the USD will outlive all of us. Depends on how much is left in our lifetimes. I hope to live for 80 more years yet! |
|
|
|
It should at least be a bar chart then, not a line. So much fail it make me doubt their security. The price chart show a little blob when you hover onto a trade.... Cute.  What has a JavaScript chart got to do with security? That's like saying the sites logo is off center a little, must mean they can be hacked. Anyway, a new version of charts will be live shortly after I get back to London on the 31st, a lot fast and I'm adding a slider which will allow you to specify a range of prices to show (eliminating the problem) And hovering over a trade to get the blob will give you the price/time. Nefario. Can you please make it "staircase" or "cumulative"? Seeing the exact depth at a certain level is rarely useful. When buying or selling, total depth up to that level is more useful. |
|
|
|
It would also be nice to be able to post without subscribing to the thread.
Post + Unwatch. |
|
|
|
All it take is an ASK for 1 share at 99999999BTC to completely destroy the dept chart usefulness.
Given the chart has ~800 pixels, by striping from the chart orders with prices 500% or 1/5 away from last trade, a worst case scenario would still allow 382 pixel of "useful" data (1/2 , 200%).
Overall your charts would be much more useful and entertaining if scale was customizable.
Also, I just began using GLBSE and the site has been unusually slow.
The chart is useless already because it displays depth at that price level, not total depth (not "stacked"). I can bid 0.05 BTC total for 0.5000001, 0.5000002, 0.5000003, etc. and not make a dent on the Market Depth chart if I want to manipulate the market. Or, I can overlap my bid with others to make a spike on Market Depth and incite panic. |
|
|
|
Occasionally I notice a thread started that seems to intentionally spread false information. Typically, the user who started it never bothers returning to the discussion. I would like to be able to respond (for the sake of users reading the thread), but I don't want to bump obvious FUD.
Would it be hard to implement the option to not bump the thread when replying? Akin to 4chan "sage".
Report would work well. I do not support the idea of "hidden replies", as it could be used for nefarious purposes. |
|
|
|
Basically, the investors had built their accounts up to over 500,000 BTC collectively via compound interest, so they feel like they lost more bitcoins than they actually had. Those bitcoins never existed. Only the principle deposited and whatever pirate made from his market shenanigans were available to the fund.
Okay, I understand what you are saying. Before I doze off (it's late here!), I will publish my thoughts on a ballpark guess (not an estimate, just wild speculation). Let T be 500000 BTC (the total amount in the fund), I be the total interest credited. As the scheme was not 500000 BTC from the start, there must have been a growth. Assume that growth started April at 10000 BTC. This works out to 25% growth in the scheme per week, which is reasonable. The geometric sequence based on this growth extrapolates to 140000 BTC interest, which we can round up to 150000 BTC. This is reasonable, and implies the total amount stolen is near 350000 BTC. |
|
|
|
he actually "stole" much less than 500,00 BTC.
Could you please elaborate? I am trying to collect as many sources as possible to provide an objective but accurate estimate to the extent of damage. New source states 500000 BTC stolen: DailyTech. Uncited, though. It is a guess though a pretty accurate number could be had if all of the pass-through published data and you added that to bitcoinmax and gpumax. You do have to figure that the interest is not real though. If you deposited 100 BTC in the beginning and it compounded to 300 BTC it should be counted as 100 BTC. Pirate may have lied to you , but he did not take 300 BTC. I prefer to stay away from reconstructions expect as a last resort. Do any Pirate insiders have a more accurate number? If none of these numbers are available, interest can be estimated by estimating growth, which can be inferred from GLBSE passthrough volumes. |
|
|
|
If there is something you're not comfortable saying associated with your name, maybe you should reconsider saying it at all.
That's a pretty naïve view, IMO. A person isn't composed of just one personality. You're a different person in different places and situations, and it's uncomfortable to mix all of these personalities into one. No, I am always the same person in any situation. A mature person is comfortable with who he or she is, and accepts all facets of his or her personality. If you are not comfortable with something about yourself, perhaps you need to examine why. A PR official cannot afford to discuss controversial topics, even if the person behind it knows that that is their viewpoint. You are assuming personalities necessitation sockpuppets, which as you point out is weak at best. However, positions and jobs do necessitate sockpuppets. That freedom is why I prefer BitcoinTalk over other forums. A "personal" account and a "business" account is one thing. That's not a sockpuppet, it's separation of yourself and your job. Not wanting to tie an unpopular opinion to your business is fine, but creating a sockpuppet to avoid owning your opinions is disingenuous at best, and fraudulent at worst. When fraudulent, correction is not only acceptable but advisable. But before fraudulence, the freedom to create and utilize sockpuppets adds, not detracts, from the forum experience. |
|
|
|
he actually "stole" much less than 500,00 BTC.
Could you please elaborate? I am trying to collect as many sources as possible to provide an objective but accurate estimate to the extent of damage. New source states 500000 BTC stolen: DailyTech. Uncited, though. Ah, found the citation (it was from the Verge, which cited Maged's post containing Pirate's own words). This thread, if anyone is curious. |
|
|
|
I'm at odds about how to handle the recent occurrences. Please read this and offer suggestions accordingly. |
|
|
|
|
Living in a place that is hurricane-free, it's depressing reading the media about another to-be-catastrophic hurricane. The death toll is thus far low, relative to other disasters, but so much more touching when you realize how sudden and unpreventable it is. I know New Orleans isn't the best place to build a city, but seeing as most of the residents there don't have a choice, one can't help being struck be dejection.
Anyone here affected, being affected, or just depressed by Isaac?
|
|
|
|
Everyone's stuck (and are already). People have resorted to selling at 0.0032 BTC per share.
So if there are IPO shares at 0.0034 and secondary market shares at 0.0034, the IPO shares take priority? First in first out? Yes, that's how all exchanges currently work (it is to encourage real bidding, rather than overlapping in the order books). But given the 100+ BTC needed already to buy up to but not including 0.0034, it's nothing to worry about. |
|
|
|
If there is something you're not comfortable saying associated with your name, maybe you should reconsider saying it at all.
That's a pretty naïve view, IMO. A person isn't composed of just one personality. You're a different person in different places and situations, and it's uncomfortable to mix all of these personalities into one. No, I am always the same person in any situation. A mature person is comfortable with who he or she is, and accepts all facets of his or her personality. If you are not comfortable with something about yourself, perhaps you need to examine why. A PR official cannot afford to discuss controversial topics, even if the person behind it knows that that is their viewpoint. You are assuming personalities necessitation sockpuppets, which as you point out is weak at best. However, positions and jobs do necessitate sockpuppets. That freedom is why I prefer BitcoinTalk over other forums. |
|
|
|
What happens if someone wants to get out of their purchase by selling back at 0.0034 / share, does their order take priority over the unsold IPO shares? Or is everyone stuck with either taking a loss if they want to get out, or waiting?
Everyone's stuck (and are already). People have resorted to selling at 0.0032 BTC per share. |
|
|
|
So what happened with this "IPO?" It looks like less than 20% of issued shares got sold, and it's already past the last offering date.
Was the IPO overpriced?
Probably. I've pulled my buy orders until GSDPT stabilizes at the 0.0025 mark. The MPEX risk is just too high for most potential shareholders. IMO it is overpriced. Since this is Erik selling the shares he personally holds, he can value them at whatever he wishes. But the market will value them differently. I believe the price will regress to the 0.0025 mark before rebounding. |
|
|
|
I don't have a problem with alt accounts as long as they're not used for evading bans. If you're hesitant to say something controversial because you don't want it to be associated with your name, please create an alt account and say it.
If there is something you're not comfortable saying associated with your name, maybe you should reconsider saying it at all. I doubt many usernames here are associated with names anyways, so this doesn't apply to the average user. Company representatives (like MagicalTux) or Bitcoin core developers (like Satoshi) should use alt accounts to avoid tainting their name. |
|
|
|
|
Show Posts
