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Author Topic: [CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx  (Read 315725 times)
freedomno1
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May 16, 2013, 11:09:19 AM
 #1501

The best way to limit legal risk for SatoshiDice, and thereby protect its stakeholders, is to block US players.

OK, but is it in any way possible to block US players?  How can you even tell where a bet transaction comes from?

You can block them from reading your website but I don't think you can block them from playing.

Ah ha ha.

Bitcoin is the SUPERMAN of currency!  It can't be blocked by mere mortals.
SatoshiDice can't block US customers any more than it can block customers who have red cars parked in their garage.


More I read the comments more my own suspicion that the account got hacked increases no other confirmations but the bitcointalk thread
But waits too
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TradeFortress 🏕
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May 16, 2013, 11:25:37 AM
 #1502

SDICE PR confirmed on reddit.

Shame on Erik / PR rep for not using GPG keys.
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May 16, 2013, 11:32:41 AM
 #1503

SDICE PR confirmed on reddit.

Shame on Erik / PR rep for not using GPG keys.

Ah thanks I trust fortress Smiley
Can you post the reddit url if you have it nvm found it
http://www.reddit.com/r/Bitcoin/comments/1efmzy/satoshidice_announcement/
Still waiting on ever but I believe it now they wouldn't use the same pass twice for the account I hope lol
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May 16, 2013, 11:34:27 AM
 #1504

But... SatoshiDice is an address-based business. You don't even need a homepage to bet, only a list of the bet's addresses. The current homepage only acts as a summary of stats and a commercial front.

It should be trivial to put an online list of addresses that serves as a quasi-perfect mirror.

Correct me if I'm wrong!
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May 16, 2013, 11:35:56 AM
 #1505

SDICE PR confirmed on reddit.

Shame on Erik / PR rep for not using GPG keys.

Ah thanks I trust fortress Smiley
Can you post the reddit url if you have it nvm found it
http://www.reddit.com/r/Bitcoin/comments/1efmzy/satoshidice_announcement/

http://www.reddit.com/r/Bitcoin/comments/1efmzy/satoshidice_announcement/
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May 16, 2013, 11:37:17 AM
 #1506

Thanks for the double Cheesy Sorry edited mine haha
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May 16, 2013, 01:22:36 PM
 #1507

Anyone looking to sell all or some of their shares?  PM me for details
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May 16, 2013, 01:23:34 PM
 #1508

Confirmed in main thread
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May 16, 2013, 03:50:15 PM
 #1509

Site is still up in Oregon. Doesn't mean it won't be soon tho I suppose.
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May 16, 2013, 04:37:01 PM
 #1510


1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.

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May 16, 2013, 05:22:29 PM
 #1511


1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.

No I completely agree, this was necessary and playing the "long game" is indeed the best way to drive total adoption.

In the long run, this actually makes S.DICE a more attractive investment by removing risk. Once the price falls to where it belongs (about a 90% haircut all-in-all, I wager, before staging a small recovery) I might think about throwing some serious money at it. There are still a lot of issues with the platform though, which need to be resolved. Kudos for taking a great first step though! I'll keep my eye on it.
Peter Lambert
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May 16, 2013, 05:25:47 PM
 #1512


1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.



If people in the US do not like this, then they should be working to get rid of the freedom-crushing laws which caused this action to be taken.

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
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May 16, 2013, 05:29:29 PM
 #1513


1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.



If people in the US do not like this, then they should be working to get rid of the freedom-crushing laws which caused this action to be taken.

But Peter, America is the land of the free!
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May 16, 2013, 05:30:20 PM
 #1514


1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.



If people in the US do not like this, then they should be working to get rid of the freedom-crushing laws which caused this action to be taken.

But Peter, America is the land of the free!


We are free to use a proxy or VPN too. 

wtfvanity
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WTF???


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May 16, 2013, 05:30:53 PM
 #1515


1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.



If people in the US do not like this, then they should be working to get rid of the freedom-crushing laws which caused this action to be taken.

Blocking is for the website only though, right? So, if you are in the US, get a list of addresses and continue to use it, am I wrong? Or for crying out loud, use a VPN service? Am I the only one that uses private internet access? I don't want my ISP recording EVERYTHING I do to hand over to the US whenever they want it. I break no laws, but that doesn't mean that I should just allow them to have anything they want about me.

          WTF!     Don't Click Here              
          .      .            .            .        .            .            .          .        .     .               .            .             .            .            .           .            .     .               .         .              .           .            .            .            .     .      .     .    .     .          .            .          .            .            .           .              .     .            .            .           .            .               .         .            .     .            .            .             .            .              .            .            .      .            .            .            .            .            .            .             .          .
RationalSpeculator
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May 16, 2013, 06:30:26 PM
Last edit: May 16, 2013, 06:43:39 PM by RationalSpeculator
 #1516


1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.


Your investment in legal counsel the past months shows beautifully Smiley  The legal uncertainty was extreme for satoshi dice and you have now considerably reduced that. Another great move Erik.


Ofcourse my sympathies to everyone that took a loss on the value of their shares. That's never fun.  

True there is a risk for slower growth, but better to risk slower growth than risk sudden death!

I think Satoshi Dice became a much better investment today. Much more legal certainty and better valued.
RationalSpeculator
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May 16, 2013, 06:39:56 PM
 #1517

Once the price falls to where it belongs (about a 90% haircut all-in-all, I wager, before staging a small recovery)

Are you serious?

Based on what rational/calculation do you come at this number?

Peter Lambert
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May 16, 2013, 06:50:20 PM
 #1518

Once the price falls to where it belongs (about a 90% haircut all-in-all, I wager, before staging a small recovery)

Are you serious?

Based on what rational/calculation do you come at this number?



I think it seems rational to want to buy something for only 10% of the price, and then sell it for more later  Cool

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The best place for betting with bitcoin: BitBet.us
freedomno1
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May 16, 2013, 07:47:26 PM
 #1519


1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.


Your investment in legal counsel the past months shows beautifully Smiley  The legal uncertainty was extreme for satoshi dice and you have now considerably reduced that. Another great move Erik.


Ofcourse my sympathies to everyone that took a loss on the value of their shares. That's never fun.  

True there is a risk for slower growth, but better to risk slower growth than risk sudden death!

I think Satoshi Dice became a much better investment today. Much more legal certainty and better valued.

Agree the risk has been mitigated fairly well, once people start noticing it might appreciate back to old levels sooner than later, that said it would have been nice to have some heads up for investors of what S-Dice was doing so people would not get such a surprise


Once the price falls to where it belongs (about a 90% haircut all-in-all, I wager, before staging a small recovery)

Are you serious?

Based on what rational/calculation do you come at this number?



I think it seems rational to want to buy something for only 10% of the price, and then sell it for more later  Cool

That rush to 0.12 was close enough for me  Grin
freedomno1
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May 16, 2013, 07:54:25 PM
 #1520

Once the price falls to where it belongs (about a 90% haircut all-in-all, I wager, before staging a small recovery)

Are you serious?

Based on what rational/calculation do you come at this number?

Yes I'm serious, just think about it. US traffic would probably account for at least 50% of Satoshidice volume -- that is, the traffic which will be affected by this decision. Real US traffic would probably be north of 60%. The reason why I'd posit 90% is because there are reasonable doubts over management's ability (or desire) to keep the business going given the huge cut to revenue they will now face -- especially given their conduct over previous business models such as feedzebirds. How do we know that evorhooes isn't going to dump this and go work on something else now that he isn't going to be making anywhere near what he made earlier? I expect the price to hit .001, at least, over those concerns. I'd probably start buying in under .001, because I take a somewhat longer term view -- but I am also watching for another share dump on the horizon, it's now or never for evorhooes/staff to sell into a high priced market. So overall, given a former price of 0.0045 I think a 90% drop is about right, and then a slow recovery up to about 0.0009 to 0.001. I'm certainly not buying shares at the current price given recent news.

Full disclosure, I do own a couple thousand shares iirc.

Well they did just risk mitigate the whole USA so they can avoid that gambling risk, that said if its just the page and the keys are still around we need to wait till the dividend to see how much it really does affect it.
But that said wonder if the Excel Spreadsheet needs new recalculations
https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dHB2dVdiaEltUHAtTWlBcFhXQVBYeGc#gid=0
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