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

[thoughtfan]

I'm out for today since someone was nice enough to dump at .0060 on BitFunder AFTER the .0062 announcement last night...

Ditto for (at Havelock)  - I converted my remaining asks that had missed the boat to a new one at .62 and was both surprised and delighted it got taken within 10 mins.

[EskimoBob]

what is the reason behind this anyway?
why dose evoorhees need that much bitcoin?
seems to me their is no reason to be selling 15% of s.dice... it would be more profitable to just keep all the revenue for themselves, in ~2 years they will have made as much money as they did selling shares...

I guess you have never heard "A bird in the hand is worth two in the bush" or if you have, you never truly understood the meaning of it.

Few pages back, evoorhees "accused" me of spreading FUD. No, evoorhees, if I wanted to spread FUD, I'll point out that you are the second guy in a hat & mask, who promises to make everyone super rich. But, lets forget that BS for now.

Some time ago, I pointed out, how IPO is not selling and how some retard whale (ore more) has surfaced form the deep abyss of bitcoin cesspool and started dumping coins at probably one of the most boring games I have ever played. Honestly, I do not get this no-brainer, push button bull shit. Yawn... (do not take it personally)

I speculated (with comment "pure speculation" or such)  that you guys are spinning your IPO coin to make sdice look strong blaa blaa blaa and how it's small price to pay etc... Guess what, IPO sold out after whales had humped that "Send" button for a while.

Muppet Popescus lap-dog started yapping - mpoe-bs blabbering here about her feet and glory and what not.
Then, I had this other "absurd" idea, and I posted my second speculation: "What if this is just a prelude to second offering?"
Why? Because someone kept humping that "Send" button and was dumping huge piles of coin at SDICE. IPO was sold out, why bother, as some pointed out.
Oops... Turns out, my speculation was correct. Week or so later, you guys did exactly that - dumped shares at large open orders, with no warning. And yes, pompous fuck from Romania was screaming - "FREE MONEY" and all his dimwitted muppets sang along.

I am not spreading FUD, I am just bit worried, because this circus is rolling exactly as predicted.
And when you used world like "lawyer" and "right" in same sentence, as gigavps did... brrr...

Please, prove me wrong! Prove me wrong by action - not letting sdice to blow up and turn in to another multi million dollar shitstorm, where you and your pals can prance in to a fkn sunset, bells jingling on your jester hat.

[k]

Few pages back, evoorhees "accused" me of spreading FUD. No, evoorhees, if I wanted to spread FUD, I'll point out that you are the second guy in a hat & mask, who promises to make everyone super rich. But, lets forget that BS for now.

evoorhees real world identity is well known, he's hardly trying to hide behind a hat and a mask if that's what you are trying to suggest. And where did he promise to make anyone rich? The SDice profit business model is easy to understand unlike many other so called investments and it is up to each individual to access the risks for themselves.

[Ukyo]

evoorhees real world identity is well known, he's hardly trying to hide behind a hat and a mask if that's what you are trying to suggest.

Haven't you seen his forum avatar?

[dooglus]

I'll point out that you are the second guy in a hat & mask, who promises to make everyone super rich

evoorhees real world identity is well known

That's what they said about the 1st guy too.  A dozen of his disciples even sat down to eat with him in Vegas.

[adamstgBit]

I'm out for today since someone was nice enough to dump at .0060 on BitFunder AFTER the .0062 announcement last night...

Ditto for (at Havelock)  - I converted my remaining asks that had missed the boat to a new one at .62 and was both surprised and delighted it got taken within 10 mins.

OH OH i feel S.DICE could go down because of this 50% supply increase, seems traders are buying it up only to dump it back slightly higher 

[thoughtfan]

I'm out for today since someone was nice enough to dump at .0060 on BitFunder AFTER the .0062 announcement last night...

Ditto for (at Havelock)  - I converted my remaining asks that had missed the boat to a new one at .62 and was both surprised and delighted it got taken within 10 mins.

OH OH i feel S.DICE could go down because of this 50% supply increase, seems traders are buying it up only to dump it back slightly higher 

Quite possible.  But unlike Bitcoin itself there is a dividend here and one of the beauties of SD is it is transparent right through from provably fair play right through to being able to tell what the gross profit is at any point and to have a good idea of how much the dividend will be by the time it gets announced and paid.

Of course there are the risks associated with this stock on a number of fronts e.g. going bust on a random 'losing streak'; legal clampdowns due to gambling laws; risks with problems with the exchanges (both primary and pass-thrus) as well conspiracy-type scenarios (not that far fetched considering the history of bitcoin scams) such as EskimoBob suggests above.

However if SD is attracting enough new custom to make up for the decreasing affordability of Bitcoin and the Blockchain.info tickertape keeps screamiing SD then I suspect enough interest will come from those just joining the party looking for something to do with their Bitcoin who will look and be able to make a reasonable judgement of the values of the stock even if the market is flooded with them and if the price is 'temporarily down' and the stock underpriced enough will notice and correct.  The main point of all these additional shares on the market is that is actually the only thing that has changed.  They are now available.  They were already in existence before, just not on the market.  I don't think it's anything to lose sleep over other than maybe for those who had plans to cash out in the near future.  I did enough losing of sleep last night - 3am here in London - to buy my S.Dice stock on Havelock!

Adam, sorry if this sounds patronising.  It is not intended that way.  I'm going through the exercise of reasoning it out myself by thinking it through in the process of writing it down.  I know you know most if not all this already.

[k]

I'll point out that you are the second guy in a hat & mask, who promises to make everyone super rich

evoorhees real world identity is well known

That's what they said about the 1st guy too.  A dozen of his disciples even sat down to eat with him in Vegas.

True.  Just seemed to me that EskimoBob was trying to imply that Erik was hiding his identity. Of course knowing who evoorhees is and being able to do anything about it if something goes wrong with SDice are two different things.

Don't get me wrong, I probably think SDice shares are far more risky than most and that's why I wouldn't buy them at the current price.

[EskimoBob]

I'll point out that you are the second guy in a hat & mask, who promises to make everyone super rich

evoorhees real world identity is well known

That's what they said about the 1st guy too.  A dozen of his disciples even sat down to eat with him in Vegas.

True.  Just seemed to me that EskimoBob was trying to imply that Erik was hiding his identity. Of course knowing who evoorhees is and being able to do anything about it if something goes wrong with SDice are two different things.

Don't get me wrong, I probably think SDice shares are far more risky than most and that's why I wouldn't buy them at the current price.

Wrong.  Let me give you a 10 BTC hint

Guys in funny hats and masks creep me out.. lol

I want this guy to be a good and honest man. I honestly do.

[scrybe]

I'll point out that you are the second guy in a hat & mask, who promises to make everyone super rich

evoorhees real world identity is well known

That's what they said about the 1st guy too.  A dozen of his disciples even sat down to eat with him in Vegas.

True.  Just seemed to me that EskimoBob was trying to imply that Erik was hiding his identity. Of course knowing who evoorhees is and being able to do anything about it if something goes wrong with SDice are two different things.

Don't get me wrong, I probably think SDice shares are far more risky than most and that's why I wouldn't buy them at the current price.

Wrong.  Let me give you a 10 BTC hint

Guys in funny hats and masks creep me out.. lol

I want this guy to be a good and honest man. I honestly do.

Here is a video with him and Roger Ver from late last year: http://calvinayre.com/2012/12/21/business/interview-eric-vorhees-roger-ver-ao-video/

He DOES look cooler with the mask (Sorry Eric, I would too)

[totaleclipseofthebank]

EskimoBob, I really would not compare s.dice to Pirate's scheme. Erik Voorhees has already started/been involved with 2 hugely successful bitcoin-based businesses and is a major asset to the community, about as opposite from pirate as you could get.

As far as the game being boring -- gambling involves about $100Billion/yr in PROFIT for casinos... it may be dumb but there are many, many people who will willingly hand their money over just for a chance at winning. Boring does not even matter-- people routinely bet on what hole a ball will land in, or what number they can roll with some dice.

[Deprived]

Why is there a 1,000,000 share ask at 0.0062 and a 250,000 share ask underneath it? Has the 3rd tranche at 0.0062 been posted yet?

i think someone is selling ahead of this PO. 

short term isn't looking gr8 for S.DICE... i think i'm going hold off the buy button....

It's most likely someone who bought in one of the first 2 tranches who (correctly) realised this one wouldn't sell out immediately so decided to take profits now.  If someone is trading large-scale on S.DICE and making a better return than S.DICE pays then it absolutely makes sense to do this - as to realise profits at higher price not only would he have to wait for this 1 million to sell but also gamble that noone else would take their profits now AND deal with the likelihood that if this block sells slowly the next two blocks of 1 million won't be priced a lot higher.

It's just traders taking their tax on Erik's decision to sell below market basically.  If someone dumps shares below market (and there's no reason why value has fallen) then traders are going to snap them up and sell on to actual investors much nearer to market (or, in this case, when the price growth back upwards stalls) - keeping the profit (discount) for themselves.  That's just how things work.

That's my guess anyway - obviously it could just be an investor who needs to sell in a rush.

[evoorhees]

EskimoBob - I kinda felt like you were just spreading FUD, but I actually think you are legitimately concerned/skeptical, and that is the correct position to take. Everyone in Bitcoinland should be highly skeptical, and very careful. I don't want to fault you for it. You don't know me, and so I could just as easily be a scammer on teh interwebz. Your points are fine.

I'm not sure how to address them, other than to just keep working and building so that's what I'll do.

If you think S.DICE shares are a good deal, buy some. If not, don't buy them. I would rather people stay skeptical and avoid BTC equity listings entirely than lose their money to overly-speculative ventures and scam operations. It is through this period of trial by fire that we'll find who the virtuous people are, and I'd have it no other way.

I will tell you straightforward, that bets on SD are never manipulated in any way to make things look rosy. I'm not sure how to prove that to you, other than to just show you over time that it's true.

I would ask, however, that you try to avoid unsubstantiated claims. If you have a concern, please talk to me about it. I'm very public with who I am and what I do, and am reachable most of the day on Skype (account: evoorhees).

We'll let markets work, and the rest will be shown in time.

[Gary13579]

evoorhees, it appears that you have set the Satoshi Dice profit spreadsheet to private, barring me access to it. Was this accidental? I found it very useful (as I'm sure many others do).

[FTWbitcoinFTW]

evoorhees, it appears that you have set the Satoshi Dice profit spreadsheet to private, barring me access to it. Was this accidental? I found it very useful (as I'm sure many others do).

He gave us yesterday a new link

https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dHB2dVdiaEltUHAtTWlBcFhXQVBYeGc#gid=0

[MPOE-PR]

It's just traders taking their tax on Erik's decision to sell below market basically.  If someone dumps shares below market (and there's no reason why value has fallen) then traders are going to snap them up and sell on to actual investors much nearer to market (or, in this case, when the price growth back upwards stalls) - keeping the profit (discount) for themselves.  That's just how things work.

Working market is working market. You're very likely right.

That's my guess anyway - obviously it could just be an investor who needs to sell in a rush.

Seems both improbable and impolitical - if nothing else the fact that withdrawals may take up to 48 hours should prevent the use on MPEx of the sort of capital that one might need on a much shorter notice.

And here I am giving secrets away. Who knew participant selection on MPEx is more than just the entry fee.

If you think S.DICE shares are a good deal, buy some. If not, don't buy them. I would rather people stay skeptical and avoid BTC equity listings entirely than lose their money to overly-speculative ventures and scam operations. It is through this period of trial by fire that we'll find who the virtuous people are, and I'd have it no other way.

This. Very very much this.

[thoughtfan]

Anybody know if there's news from Erik today regarding the 4th tranche tonight?  The 1 million @ .0062 that was the third tranche is still sitting untouched as an ask order on MPEx with a few bits and bobs priced slightly below.

Wiill tranches 4 & 5 be postponed to give the market time to recover?  Will they go on for the same to pile up waiting for buyers; go on for less to try and get something back for them today for a lower price?

Looks like there's been very little SD trading activity either on MPEx or on the passthrus today.  Maybe everybody's waiting to find out what's happening next?

[evoorhees]

Anybody know if there's news from Erik today regarding the 4th tranche tonight?  The 1 million @ .0062 that was the third tranche is still sitting untouched as an ask order on MPEx with a few bits and bobs priced slightly below.

Wiill tranches 4 & 5 be postponed to give the market time to recover?  Will they go on for the same to pile up waiting for buyers; go on for less to try and get something back for them today for a lower price?

Looks like there's been very little SD trading activity either on MPEx or on the passthrus today.  Maybe everybody's waiting to find out what's happening next?

The 4th and 5th tranches are postponed or removed indefinitely. I won't release the shares if the market isn't interested. The 3rd tranche is there at a good price for anyone interested and I'll just hold off on the others for the time being.

[thoughtfan]

Anybody know if there's news from Erik today regarding the 4th tranche tonight?  The 1 million @ .0062 that was the third tranche is still sitting untouched as an ask order on MPEx with a few bits and bobs priced slightly below.

Wiill tranches 4 & 5 be postponed to give the market time to recover?  Will they go on for the same to pile up waiting for buyers; go on for less to try and get something back for them today for a lower price?

Looks like there's been very little SD trading activity either on MPEx or on the passthrus today.  Maybe everybody's waiting to find out what's happening next?

The 4th and 5th tranches are postponed or removed indefinitely. I won't release the shares if the market isn't interested. The 3rd tranche is there at a good price for anyone interested and I'll just hold off on the others for the time being.

Thanks for the rapid response with your update Erik

[kingcrimson]

"Hey investors, want some free money?"

"Nah, that's okay."