Would you be willing to let me short your stock? Thanks.
Yes, stock is available to borrow for shorting, with the restrictions that a. to those traders that already have margined accounts with MPEx and b. after the last IPO date. This has actually
always been the case on MPEx.
I can only hope other exchanges would implement the same leeway, you would be a lot less able to manipulate the "market" value of your junk bonds if that were the case.
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.
This is nonsense. Finance is finance. If you decide that you will only take Ponzi-level "interest" then you decide you will only put your money into Ponzi schemes. That's a fact. Bitcoin has to come to terms with financial sanity.
That aside, obviously everyone is entitled to his own choices.
This is worth preserving against future edits.
Unlike pretty much anyone on this forum, I haven't substantially altered any post I've made. Just saying.
Here is the problem:
S.DICE is pricing themselves like a "real-world" IPO, and being potentially optimistic about their growth potential
Kids with nothing better to do hanging out on a forum expect 1-7%/week return and don't care about the underlying business.
Fify.
(Oops Rassah beat me to it).
And once again, MPEX PR put people off taking them seriously as an alternative to GLBSE. I was actually interested in the idea of owning shares in SD, but the price is way off.
I have nothing to do with pricing anything, sorry.
2-When you're selling a stock based on a perceived similarity to Facebook/Groupon... Well... Let's just say I have absolute faith that this asset will perform just as well as those two have
The fact is most bitcoin transactions ever made were made to or from SatoshiDICE!
Think about it. If there existed a website that could claim "the majority of internet connections are made either to us or from us" how poorly would you think that'd fare? A fact's a fact, SD has a good position, why argue with it?
There are real concerns here:
-A fully audited financial statement.
This keeps being repeated. Then it is pointed out that the entire transaction set is public and has in fact been audited by independent people all over the forum. Then it gets repeated again. Why?
-An easily replicated business model.
All business models are easily replicated. That is what humans do: they figure things out. Once a human figured it out, any other human can do it too. This is the main explanation to our success as a species. Still, the fact that in theory anyone could make an iphone does not mean the iphone clones are iphones. This has also been pointed out before. It still gets repeated. Why?
-Massive risk regarding BTC on a whole (as much as I am a proponent of BTC, we have to acknowledge it is very risky.)
Then it's a moot point. If you don't like BTC get out. If you are comfortable with BTC this adds no extra risk. This has also been said before, yet here it is repeated. Why?
In my mind, as of right now, this IPO appears to be very unattractive.
Bolded out for convenience.
Well there is middle ground. Our company (Tangible Cryptography) recently funded notes (debt not equity offering) at 29.6% APR and had more capital offered than we were willing to take on.
Very nice how that worked out btw, props to you. Do you take more btw?
When you compare this to something like Bitcoin Savings & Trust...yeah, it's less risky. However, when you compare it to all your investment options out there, it's incredibly risky. I'm not limiting myself to the Bitcoin investment market.
Which is fine. But this is a BTC asset.
An astute observer may realize that by offering shares, it becomes an interesting bet to simply buy shares of SatoshiDICE instead of build it all over again and hope to outdo its marketing and brand exposure and business relationships.
This.
People keep asking, "oh, why the stock offering"? Well, a good reason could be: once people who would finance a competitor have the option of buying into the genuine article, they might regard investing in trying to reinvent the wheel for what it actually is: trying to reinvent the wheel.
The model may be replicable or not, but the point of fact is: intelligent people solve new problems. That's what they do. Solving this problem would have been good in March. We're at the end of August, the world moves on. What's next, Bitcoin has no value because it's easily replicable and as such that guy with truecoin or realcoin or whatever it was is going to take all the market over?
If that was how the world worked people would cease to innovate
See above. Reimplementing something is no innovation. It's quite the contrary of innovation.
And I can't see how the company would keep it's value when bitcoin rallies against the other currencies
How would it not ? It has nothing to do with any other currency. It's all BTC.
However, A company dealing purely in BTC is ultra-risky compared to traditional investments. Therefor, a P/E of 10 seems unwarranted.
[...]
You are still comparing BTC-based valution to the evaluations of established companies trading on major world exchanges..... Yes your company is large and high growth, but you seem to be completely ignoring the fact that you are dealing solely in one of the most volatile currencies.
The only reason this argument can even be brought is because this is only the second large company to ever be listed in BTC world. You will get used to it, and then you will possibly see quite the reverse: 10 P/E is HUGE in a currency that is fundamentally deflationary. 1% in dollars means nothing because of HeliBen. 1% in BTC means a lot. A HUGE LOT.
BTC is a good thing. It compares
favourably to any fiat. If this point is contentious to you I guess BTC investments aren't yet something you can do.
If you keep significant assets in the exchange, and the exchange's domain is seized, you are screwed.
But if you have your BTC assets in a brain wallet, then the closure of an exchange's domain will just mean some short term volatility, while exchanges re-gear to host their sites on Tor.
On the other hand, SatoshiDICE equities have no such protections. If you buy shares in the IPO and the US government simply comes in and seizes the domain later, there is little to no change of recouping your initial investment.
Domains are no part of this discussion. Should the domain be seized, MPEx will simply move to another one. Possibly something TOR based, or namecoin based or whatever.
Enough with the FUD, seriously.
It's if the server is seized (don't even think there is much of a server for this) then it's a different story.
Either a lot more than there is for GLBSE or else there's some magic afoot, seeing how I've not yet heard of 10 second page loads. Just saying.
Lol, MPEX. Since MPEX is so much better than GLBSE, I wonder why GLBSE has more volume (by many orders of magnitude)
GLBSE has had ~200k volume since its launch (January). Sadly they don't provide per-month figures. MPEx has had ~100k volume this month alone. Do your math (without skipping degrees of magnitude like others in the thread, please).
Strike 1: MPEx has negligible market share
Just because you're not on IRC doesn't mean the world outside doesn't exist. Step out of your bubble. It's small and it doesn't smell too good.
Anyway, reading through these pages has been an interesting exercise in sociology.
