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

[smickles]

I cashed out my GSDPT because it is bubbling. The stock is trading at nearly 2 times the value of the S.DICE backing.

There's the 2 things I predicted:
- This is an arb opportunity
- Greater GLBSE volume --> greater demand --> higher price
 

um, did you notice that the volume and demand on glbse was hundreds of thousands lower than on mpex?

[ciuciu]

I cashed out my GSDPT because it is bubbling. The stock is trading at nearly 2 times the value of the S.DICE backing.

There's the 2 things I predicted:
- This is an arb opportunity
- Greater GLBSE volume --> greater demand --> higher price
 

um, did you notice that the volume and demand on glbse was hundreds of thousands lower than on mpex?

He is in danger if smickles is here . Isn't #bitcoin-assets enough for you two?

[dree12]

I cashed out my GSDPT because it is bubbling. The stock is trading at nearly 2 times the value of the S.DICE backing.

There's the 2 things I predicted:
- This is an arb opportunity
- Greater GLBSE volume --> greater demand --> higher price
 

um, did you notice that the volume and demand on glbse was hundreds of thousands lower than on mpex?

Um, did you notice that the stock is placed on MPEX and the GLBSE one is a pass-through?

I'm out of GSDPT because there is too much irrationality, and MPEX is not going to last.

[DeaDTerra]

I cashed out my GSDPT because it is bubbling. The stock is trading at nearly 2 times the value of the S.DICE backing.

There's the 2 things I predicted:
- This is an arb opportunity
- Greater GLBSE volume --> greater demand --> higher price
 

um, did you notice that the volume and demand on glbse was hundreds of thousands lower than on mpex?

He is in danger if smickles is here . Isn't #bitcoin-assets enough for you two?

Sorry for the delay guys, I am now working with MPex to fix the situation and go back to normal
Sorry for the fuck up guys! My bad.
//DeaDTerra

[evoorhees]

....

I'll end by saying that just because I'm not investing, that doesn't mean the deal isn't a good opportunity for some people.  You'll have to assess the risks and opportunity cost for yourself.  There are definitely worse guys you could give your money to than Erik--he's trustworthy and he'll probably use it to continue doing great things for Bitcoin.  Good luck all around.

btcx- your comments, once again, are much appreciated and very well thought out. Thank you for posting.

[dree12]

....

I'll end by saying that just because I'm not investing, that doesn't mean the deal isn't a good opportunity for some people.  You'll have to assess the risks and opportunity cost for yourself.  There are definitely worse guys you could give your money to than Erik--he's trustworthy and he'll probably use it to continue doing great things for Bitcoin.  Good luck all around.

btcx- your comments, once again, are much appreciated and very well thought out. Thank you for posting.

Erik, if I may make a suggestion, please don't start IPOs of further endeavors on MPEX. The PR has no manners and the entire site is shady and unlikely to last.

[evoorhees]

You bring up a great point. Unlike a government sanctioned securities exchange, there are no regulations here. The prospectus for S.DICE never promised full insider transparency. How many shares does the owner hold? Was MPOx given any compensation? What are the details of the business arrangement between SatoshiDICE and Blockchain?

misterbigg - I don't think you can ever get "full insider transparency" in any business or investment, but SatoshiDICE is about as transparent as things can get (especially compared to many other BTC "investments").

As I've stated before, MPEx did not get, nor did it give, any special compensation from or to me.

The business arrangement between SatoshiDICE and Blockchain is simple - Ben and I are acquaintances and we chat occasionally. I'm a huge supporter of what he does, and I think he saw the success of SatoshiDICE as worthy of inclusion into his wallet (he actually did an awesome integration, I recommend you try it!). I advertise with him on behalf of BitInstant as well. We give each other feedback and advice, and I respect him tremendously.

[misterbigg]

I don't think you can ever get "full insider transparency" in any business or investment, but SatoshiDICE is about as transparent as things can get (especially compared to many other BTC "investments").

As I've stated before, MPEx did not get, nor did it give, any special compensation from or to me.

I'm thinking specifically of the traditional insider rules of the large stock exchanges. That sales from insiders must be announced ahead of time, and anyone who accumulates some percentage (is it 5%?) must register and also announce themselves.

I'm not saying that SatoshiDICE has any hidden deals presently, but it would be good to know that should such deals arise in the future, where a significant fraction of equity changes ownership, it will be revealed. Just like the traditional securities markets.

[evoorhees]

UPDATE: first tranche is almost sold out (131k shares remain out of 2m).  The second tranche will be released in about 6 hours at .0034btc per.

[evoorhees]

I'm not saying that SatoshiDICE has any hidden deals presently, but it would be good to know that should such deals arise in the future, where a significant fraction of equity changes ownership, it will be revealed. Just like the traditional securities markets.

Understood, but let's be careful before we become too similar to "traditional securities markets"... they've had some problems in recent times 

[Fizzgig]

Congratulations on selling out the first batch of (edit: 2 million) stock! Despite all the naysay we have some people who recognize value when they see it!

[EskimoBob]

Congratulations on selling out the first batch of stock! Despite all the naysay we have some people who recognize value when they see it!

There are still 48667@0.0034 and new patch of 3 million shares @ 0.0037 btc will be dumped on Aug 26, midnight GMT?
This is far form "sold out"

[bitcoinbear]

Congratulations on selling out the first batch of stock! Despite all the naysay we have some people who recognize value when they see it!

There are still 48667@0.0034 and new patch of 3 million shares @ 0.0037 btc will be dumped on Aug 26, midnight GMT?
This is far form "sold out"

I think the .0034 shares were from the second batch, so the first batch was sold out at .0032, right?

[misterbigg]

Why are the share prices different, and increasing, for the three initial batches?

[bitcoinbear]

Why are the share prices different, and increasing, for the three initial batches?

Because that is how evoorhees set it up. It rewards the first investors more than the people who are waiting to see if anybody else is jumping in.

[misterbigg]

Why are the share prices different, and increasing, for the three initial batches?

Because that is how evoorhees set it up. It rewards the first investors more than the people who are waiting to see if anybody else is jumping in.

It seems like a dishonest gimmick to generate sales rather than relying on the proclaimed fundamentals.

[Fizzgig]

It is only dishonest if the distributor of these shares lies about the terms. What Erik is doing is distributing the future profits (thus his risk/exposure holding satoshi dice) in turn gaining more capital now so that he can focus on other things which will enrich himself and the bitcoin community. And yes the first 2 million are sold, 8 million more will be offered, 5 million are being offered right now.

[EskimoBob]

Looks like the second batch of 5 million shares @ 0.0034 btc (Aug 25, Midnight GMT) has not sold out.
If I understand it correctly, you still have 4.9 mill share ask wall at 0.0034.


 

[DeaDTerra]

Looks like the second batch of 5 million shares @ 0.0034 btc (Aug 25, Midnight GMT) has not sold out.
If I understand it correctly, you still have 4.9 mill share ask wall at 0.0034.


 

Buy moar GSDPT
//DeaDTerra

[EskimoBob]

reason I am asking is simple: What happens to your pass through?
You are going to dump another 3 million shares @ 0.0037 btc on Aug 26, Midnight GMT, while you still have 26767 available @ 0.0034.