Today's daily coupon has been paid @ 1% of IPO price.
Thank you.
Do you really have to bump the tread every day? I imagine the people who own these shares can go on GLBSE and see the dividend has been paid. Perhaps you only need to post something if the payment will be delayed, or if you have some more interesting news? |
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I just can't wait till it all blows over and we can look back and laugh at it. Just like Zou Tong. Years from now as we give our grandchildren their bitcoin allowances we will be able to tell them great stories about what it used to be like back in the day.
Depending on how it goes, we might not look back and laugh. Picture yourself sitting in a corner weeping, "Why didn't I buy more bitcoins back when they were selling for under $10 each!?!?" |
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Can't scupper belief though.
All of you accusing me of being a poor investment have nothing to back up your conjecture other than fear and paranoia. While I, on the other hand, have continuously followed through with every transaction over the last year, demonstrating time over time reliability and honesty.
Just because you have paid back in the past does not guarantee you will pay back in the future. It is downright dishonest to call this low risk. You're proving my point. Nothing can guarantee anything in the future. You can have things like insurance to make you feel better about the future, but they can't guarantee anything. You can have a person that gives you any/everything you ask for to make you comfortable, and they can always chose to be dishonest and run with the money. The best way to minimize that from happening would be to invest in an honest person, which I am. If you don't believe that, you have issues with trust. Yes, having insurance would lower the risk to investors. Why is that so hard for you to understand? Since you have no honesty in evaluating the riskyness of your investment, calling yourself honest as a reason to invest in you is just plain wrong. |
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Can't scupper belief though.
All of you accusing me of being a poor investment have nothing to back up your conjecture other than fear and paranoia. While I, on the other hand, have continuously followed through with every transaction over the last year, demonstrating time over time reliability and honesty.
Just because you have paid back in the past does not guarantee you will pay back in the future. It is downright dishonest to call this low risk. |
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Pirate does not have a bunch of coins to sell, Pirates investors do not have their expected coins to cash out, looks like the price is not going down anytime soon. I expect it to stay pretty stable for a while, in a month or two it will slowly start moving upward like it did from 5 to 10 before Pirate threw a wrench in the works.
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Dank's idea of risk and the normal business definition of risk do not match. I wonder what would constitute "high risk" to Dank?
My definition of risk is that if I have your money, I'm going to do whatever I can to get it back to you, no matter what. If you don't trust me when I say that, you probably aren't investing in me anyways. But the risk is not that you will want to pay back, the risk is that you will be unable to pay back. Even if you really, really want to pay back, if you don't have the money you just can't. And that is why this is high risk, money does not appear because you wish it to. |
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I am a bit confused here, how does just holding the silver generate income to pay the dividend? And should the price vary according to the XAG/BTC price ratio?
Or is this just money you invest elsewhere and you have the silver on hand as collateral for the bond?
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It is amazing how many apps have 4 stars given with the comment "It doesn't do what it is supposed to and crashes my phone, but the user interface sure looks nice".
Perhaps there would be a way for other people to thumb up/down ratings to give them more or less weight?
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Dank's idea of risk and the normal business definition of risk do not match. I wonder what would constitute "high risk" to Dank?
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Well, as people probably know, yesterday Pirate confirmed that he is in default in terms of repaying funds. If that is simply a timing issue or a notice that there will be no repayments is not clear as no additional information was given and I'm still in the dark about what happens next from his side.
Given the lack of information from Pirate, I'd say the obvious play here is to invest the insurance fund in Dank Bank, and then buy everyone a mansion next year. Why hasn't anybody set up a Dank Bank Pass Through security on the GLBSE yet? Now that there is no Pirate, the 3% dank is offering seems pretty good !!! Maybe you could just reuse the PPTs as DBPTs? Would *you* invest in Dank? Oops, forgot my sarcasm tags  |
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Nothing from the third tranche will sell, even if it is "released" until all of the second tranche sells and nobody who bought already is selling below .0037 BTC. If you think SDICE will sell out, there's a great arbitrage opportunity for an early buyer to resell at .0036 when evoorhees starts selling the third tranche. I don't think this IPO will sell out so I'm not making that bet, but you could make 975 BTC if you did that now.
EDIT: Minus the ridiculous 20 BTC fee for getting an MPEX account.
You could get a broker to do the purchases for you. How much price granularity is there on MPeX? Why use a price of .0036 to undercut the last trance rather than .00369999? |
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Well, as people probably know, yesterday Pirate confirmed that he is in default in terms of repaying funds. If that is simply a timing issue or a notice that there will be no repayments is not clear as no additional information was given and I'm still in the dark about what happens next from his side.
Given the lack of information from Pirate, I'd say the obvious play here is to invest the insurance fund in Dank Bank, and then buy everyone a mansion next year. Why hasn't anybody set up a Dank Bank Pass Through security on the GLBSE yet? Now that there is no Pirate, the 3% dank is offering seems pretty good !!! Maybe you could just reuse the PPTs as DBPTs? |
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I also don't think it's right to call this an IPO when only 10% of the company is up for sale. If evoorhees made >50% equity available for purchase by the public, I'd change my opinion. If you don't want to call it an IPO, then what is it? Seems like IPO is the commonly accepted term that comes closest to describing what this is? |
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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.
I suspect there will be alot of investors waiting until just before the dividend before they buy the shares. How precisely do we know when the dividend will come? Nothing from the third tranche will sell, even if it is "released" until all of the second tranche sells and nobody who bought already is selling below .0037 BTC. If you think SDICE will sell out, there's a great arbitrage opportunity for an early buyer to resell at .0036 when evoorhees starts selling the third tranche. I don't think this IPO will sell out so I'm not making that bet, but you could make 975 BTC if you did that now.
EDIT: Minus the ridiculous 20 BTC fee for getting an MPEX account.
I think the third tranche is already up for sale? |
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Pirate is not a scammer. BS&T is not a ponzi. It turned to shit because so many tried to withdraw at the same time when he lowered the rate.
I can't wait to see the reaction when he pays everybody back, especially now all the news sites have made articles stating that it was a ponzi. Many lulz will be had by all.
While people are patiently waiting for pirate to pay back their money, are they earning the old interest rate (7%) or the new, lower rate (5%)? Not that it really matters, that is still a shitload of interest every day. It is 0% for the waiting period as I understand. He have declared that BTCST has defaulted. But in the post where he said he was closing down BCTST, he said people would still be earning intrest. He changed terms and therefore, he is a scammer. |
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What makes Pirate so fun is that he has a LOT of money. If he dumped it all right now, the market would be gone for a while, if not forever.
The problem Pirate is facing is he does not have a LOT of money, he just has a ton of debt. Hence the big stink. Anyway, I am clean of the mess. Still waiting for all this to blow over so we can go on with our lives. |
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Pirate is not a scammer. BS&T is not a ponzi. It turned to shit because so many tried to withdraw at the same time when he lowered the rate.
I can't wait to see the reaction when he pays everybody back, especially now all the news sites have made articles stating that it was a ponzi. Many lulz will be had by all.
While people are patiently waiting for pirate to pay back their money, are they earning the old interest rate (7%) or the new, lower rate (5%)? Not that it really matters, that is still a shitload of interest every day. |
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Seems pretty cut and dry to me: He took money with a promise to repay, but didn't repay as asked. He should get the scammer tag to warn anybody who is new to the forum and has not watched this whole mess unfold.
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There is confusion here because usually shares are issued in a "company" or "corporation" which is separate from the individual.
Look at it this way: The company, SatoshiDice, issued the shares. They then gave them all to evoorhees as compensation for building the company. He is now free to sell as many of them as he wants, and keep the ones which don't sell. |
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Even if you're the only person voting for an anarchist and it doesn't show up on the final tally, it still decreases the percentage of total votes supporting Obama/Romney You make a good point. But not every state allows write-in votes, and if there's a 3% voter turnout, that speaks just as strongly. But the media does not report the voter turnout, they report the percentage of votes cast. And whoever wins, if people just stay home rater than voting third party, the winner will say "I got over 50% of the vote so I have a MANDATE to do whatever the fuck I want". When they only get a plurality of votes instead of a majority they can't say that as much. (Not that it really affects what they do, just how it is percieved) |
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