[CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx

[EskimoBob]

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  ... :

...
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 moment

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 ?

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* /

You missed that one: https://bitcointalk.org/index.php?topic=101902.msg1117171#msg1117171  and few fun filled pages after that.

[drrussellshane]

This thread is a freakin' hoot.

and this MPEX place seems totally legit.

lmao

[MPOE-PR]

As to the point of which is the larger exchange: we have an excellent benchmark, S.DICE / GSDPT. If indeed GLBSE is significant, then likely the majority of volume will come through the passthrough offering. If indeed GLBSE is insignificant, then likely an insignificant portion of the volume will come through the passthrough offering. This is apparently necessary for people who really don't understand that 2-300k over 8 months is way under 100k+ a month, who apparently abound on this forum.

On a more personal note, to a few of the OPs: Not everything you don't know about is "bad". Actually, most of the best things in this world are things you don't know about. Why all the bile, seriously? You've encountered a wonderful thing you've never seen before. It may have financial or technological barriers that are challenging for you personally. They may even turn out to be insurmountable for you personally. Does that make the wonderful thing horrible now? What are we dealing with, five year olds?

Yeah yeah,,, fuck off , TLDR ... humor into stock exchanges documentation, R U fkin kiddin me ?

Some prefer humor, some prefer bad grammar. It's a large enough world for everyone.

[boonies4u]

As to the point of which is the larger exchange: we have an excellent benchmark, S.DICE / GSDPT. If indeed GLBSE is significant, then likely the majority of volume will come through the passthrough offering. If indeed GLBSE is insignificant, then likely an insignificant portion of the volume will come through the passthrough offering. This is apparently necessary for people who really don't understand that 2-300k over 8 months is way under 100k+ a month, who apparently abound on this forum.

On a more personal note, to a few of the OPs: Not everything you don't know about is "bad". Actually, most of the best things in this world are things you don't know about. Why all the bile, seriously? You've encountered a wonderful thing you've never seen before. It may have financial or technological barriers that are challenging for you personally. They may even turn out to be insurmountable for you personally. Does that make the wonderful thing horrible now? What are we dealing with, five year olds?

Yeah yeah,,, fuck off , TLDR ... humor into stock exchanges documentation, R U fkin kiddin me ?

Some prefer humor, some prefer bad grammar. It's a large enough world for everyone.

Sorry, it would just be uneconomical for me to pay you 20 BTC.

[evoorhees]

10years to payout if nothing fail

For the 100th time, can we please stop this nonsense?  In 10 years, your money is doubled JUST from the current dividend payments. This is very different than "paying off" in 10 years. You're not breaking even in 10 years, you're actually doubling your money, assuming the site doesn't grow by a single user.

If you think it's priced too high that's fine, but please at least do your math properly if you're going to post.

[smickles]

<snip>
I provide bid and ask depth on GLBSE and don't often pay any fees at all. Hmm... 20 BTC is 0.5% of 4000. So over the course of your GLBSE investments, you've bought into bids or sold into asks for a total volume of over $40,000? I would recommend, good sir, that you place more non-matching limit orders.

Over the course of my GLBSE investments, I've spent  zero USD.

[evoorhees]

UPDATE: Pass-through fund available on GLBSE for easy investment in SatoshiDICE: https://glbse.com/asset/view/GSDPT

Thanks to DeaDTerra for getting this set up (that guy is a badass)

[boonies4u]

<snip>
I provide bid and ask depth on GLBSE and don't often pay any fees at all. Hmm... 20 BTC is 0.5% of 4000. So over the course of your GLBSE investments, you've bought into bids or sold into asks for a total volume of over $40,000? I would recommend, good sir, that you place more non-matching limit orders.

Over the course of my GLBSE investments, I've spent  zero USD.

Over the course of your GLBSE investments have you had a volume of over 4000 BTC?

10years to payout if nothing fail

For the 100th time, can we please stop this nonsense?  In 10 years, your money is doubled JUST from the current dividend payments. This is very different than "paying off" in 10 years. You're not breaking even in 10 years, you're actually doubling your money, assuming the site doesn't grow by a single user.

If you think it's priced too high that's fine, but please at least do your math properly if you're going to post.

You double your investment assuming that stock price does not drop and the stocks remain liquid.

[misterbigg]

Pass-through fund available on GLBSE for easy investment in SatoshiDICE: https://glbse.com/asset/view/GSDPT

So the choice comes down to: Pay 20BTC up front or pay 5% of dividends in perpetuity?

[evoorhees]

Let's be realistic here for a second. In ten years, SatoshiDICE will not exist in its current form, this industry is moving far too fast for such a thing to happen.

One of three futures await SD:

1) Interest wanes, profits fall, and the site stagnates at some lower level. Maybe sold to someone later at a discount.

2) Interest remains roughly constant, site brings in 20-50k BTC per year in profits. Likely sold to Bitcoin or casino company within 1-5 years.

3) Interest rises, site profits increase. Likely sold to Bitcoin or casino company within 1-5 years.

If #1 happens, then yes this stock IPO is probably a bad investment and investors will receive back a fraction of what they put in.  If #2 happens, investors will earn money faster than they would elsewhere in the world, though not as fast as some other Bitcoin investments (especially those paying 7% per week...). When the future buyout happens, the investors will likely see appreciation in their shares as well.  If #3 happens, investors in the IPO will make a lot of money, both in dividends as they increase and when the buyout happens down the road.

Nobody should think they need to buy and hold shares in this for 10 years for it to "pay off". That is misleading. Investors will profit or fall, and they'll likely know which way it's going to go over the next 6-24 months.

[Nefario]

This is apparently necessary for people who really don't understand that 2-300k over 8 months is way under 100k+ a month, who apparently abound on this forum.

I have no idea where you are getting either of these numbers, GLBSE has done 19BTC shy of 25K BTC volume in the last 5 days, we're coming out at about 150K volume a month, and we've not even removed the BTC buy reserve yet(later today).

[flower1024]

Let's be realistic here for a second. In ten years, SatoshiDICE will not exist in its current form, this industry is moving far too fast for such a thing to happen.

One of three futures await SD:

1) Interest wanes, profits fall, and the site stagnates at some lower level. Maybe sold to someone later at a discount.

2) Interest remains roughly constant, site brings in 20-50k BTC per year in profits. Likely sold to Bitcoin or casino company within 1-5 years.

3) Interest rises, site profits increase. Likely sold to Bitcoin or casino company within 1-5 years.

If #1 happens, then yes this stock IPO is probably a bad investment and investors will receive back a fraction of what they put in.  If #2 happens, investors will earn money faster than they would elsewhere in the world, though not as fast as some other Bitcoin investments (especially those paying 7% per week...). When the future buyout happens, the investors will likely see appreciation in their shares as well.  If #3 happens, investors in the IPO will make a lot of money, both in dividends as they increase and when the buyout happens down the road.

Nobody should think they need to buy and hold shares in this for 10 years for it to "pay off". That is misleading. Investors will profit or fall, and they'll likely know which way it's going to go over the next 6-24 months.

[vampire]

As to the point of which is the larger exchange: we have an excellent benchmark, S.DICE / GSDPT. If indeed GLBSE is significant, then likely the majority of volume will come through the passthrough offering. If indeed GLBSE is insignificant, then likely an insignificant portion of the volume will come through the passthrough offering. This is apparently necessary for people who really don't understand that 2-300k over 8 months is way under 100k+ a month, who apparently abound on this forum.

Wow.

Each share has the right to 95% of the dividends paid by S.DICE listed on MPex (http://polimedia.us/bitcoin/mpex.php?mpsic=S.DICE). Each GSDPT is backed up by one share of S.DICE share. The dividend will be paid within 48 hours of the payment from S.DICE if this is not possible the dividend will be paid out together with the next dividend. The issuer has the right to issue more shares and buy back shares (for the value of 1 S.DICE on MPex). The shares have no voting rights.

You just compared apple to oranges. And S.DICE is a bad investment anyway.

MPOE is unusable in its current form.

[MPOE-PR]

MPOE is unusable in its current form.

Let me make something perfectly clear to you: there is no other form.

All login-and-password sites in bitcoin have been hacked. All of them. MtGox was hacked. Bitcoinica was hacked. There is no future there.

Learn to love GPG. Thinking you are part of a cryptocurrency and being unable to use cryptography, the most basic and user-friendly version imaginable to boot is a little sad. Lying to yourself that this is okay...well....

[ciuciu]

MPOE is unusable in its current form.

Let me make something perfectly clear to you: there is no other form.

All login-and-password sites in bitcoin have been hacked. All of them. MtGox was hacked. Bitcoinica was hacked. There is no future there.

Learn to love GPG. Thinking you are part of a cryptocurrency and being unable to use cryptography, the most basic and user-friendly version imaginable to boot is a little sad. Lying to yourself that this is okay...well....

You started using GPG in your porn?

[Nefario]

You started using GPG in your porn?

"Oh yeah clearsign this...."

"No! your public key hasn't been signed"

[boonies4u]

MPOE is unusable in its current form.

Let me make something perfectly clear to you: there is no other form.

All login-and-password sites in bitcoin have been hacked. All of them. MtGox was hacked. Bitcoinica was hacked. There is no future there.

Learn to love GPG. Thinking you are part of a cryptocurrency and being unable to use cryptography, the most basic and user-friendly version imaginable to boot is a little sad. Lying to yourself that this is okay...well....

I don't want to pay you 20 BTC. I am fully capable of using cryptography. Your assumption that everyone who uses bitcoin must understand cryptography is foolish. Bitcoin has far more uses than an investment. Various services have shown that you do not need to understand cryptography, or even hold a bitcoin balance to use it. Some people never hold bitcoin assets, and merely use them to transfer between various currencies.

[DeaDTerra]

As to the point of which is the larger exchange: we have an excellent benchmark, S.DICE / GSDPT. If indeed GLBSE is significant, then likely the majority of volume will come through the passthrough offering. If indeed GLBSE is insignificant, then likely an insignificant portion of the volume will come through the passthrough offering. This is apparently necessary for people who really don't understand that 2-300k over 8 months is way under 100k+ a month, who apparently abound on this forum.

Wow.

Each share has the right to 95% of the dividends paid by S.DICE listed on MPex (http://polimedia.us/bitcoin/mpex.php?mpsic=S.DICE). Each GSDPT is backed up by one share of S.DICE share. The dividend will be paid within 48 hours of the payment from S.DICE if this is not possible the dividend will be paid out together with the next dividend. The issuer has the right to issue more shares and buy back shares (for the value of 1 S.DICE on MPex). The shares have no voting rights.

You just compared apple to oranges. And S.DICE is a bad investment anyway.

MPOE is unusable in its current form.

The 5% admin fee is to cover the fees and work it takes to setup the pass through
It costs 20 BTC just to setup a account and it's quit complicated xD
I asked the people in IRC for a fair number they told me 10 so I took 5%
//DeaDTerra

[vampire]

MPOE is unusable in its current form.

Let me make something perfectly clear to you: there is no other form.

All login-and-password sites in bitcoin have been hacked. All of them. MtGox was hacked. Bitcoinica was hacked. There is no future there.

Learn to love GPG. Thinking you are part of a cryptocurrency and being unable to use cryptography, the most basic and user-friendly version imaginable to boot is a little sad. Lying to yourself that this is okay...well....

Who said anything about GPG... You know that your site dates back to 1990s?

[evoorhees]

Can we save the discussion of GLBSE vs. MPEx for other threads?

Now that DeaDTerra has the passthrough on GLBSE, people can choose whichever platform they like.

We can continue the discussion of why some people think SD is overvalued so I can continue arguing with them   That is a good and proper vetting and information distillation process.