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

[MPOE-PR]

Yeah, these are certainly not "tranches"...these are simply shares being dumped by the larger investors.

But the term "tranche" makes the process sound a bit more positive.  

What exactly do you think is negative in this entire discussion and how exactly does "tranche" make anything sound positive or more positive or less negative or w/e?

This was only a tiny percent of my holdings, and only the first "tranche" (okay if it has quotes around it? =) was listed far below market.

Add to that the observation that if people had bids in at the time, it wouldn't have been listed "below market". It's okay to be a little sore about not having had enough buyside orders in when it counted. It's not okay to pretend it's the seller's fault.

[1714167705]

1714167705

[gabbynot]

It's just a psychological thing, that's all.  "Tranche" doesn't have the negative connotation that "insiders dumping shares" has.

I don't blame the large investor(s) at all for selling at a tidy profit, even if the outlook is bright.  It'd be very hard not to lock in some gains.

[evoorhees]

May be it helps if you would explain your rationale behind the sell.

In this specific instance, one of the few large private owners wanted to sell some of his stake to me. I bought it, and resold part of it on MPEX. On net, my stake actually increased, though everyone saw it as me "dumping" 

[MPOE-PR]

Since Erik has asked for this clarification:

Asset owners on MPEx do not have backup databases of the ownership records, and this is by design. The only way they will obtain such records will be if MPEx is closed.

Exact words of MP himself.

[EskimoBob]

1) No more shares will be listed by me for the foreseeable future.

2) Can we please stop using the term "dumping shares?"  I think it's a bit hyperbolic, no?  A "dump" would be dropping tons of shares at market price. This was only a tiny percent of my holdings, and only the first "tranche" (okay if it has quotes around it? =) was listed far below market.

LOL, your holdings are irrelevant in this case. You increases the number of floated shares by what %?
Evoorhees, you are starting to sound like that beady eyed fuck from Florida, who fcuked most of his investors up the arse and then spun it so slippery nicely that fucked ones started to feel almost happy (Stockholm syndrome, indeed). Most of those idiots* had to add another 100+% as expenses to the "investment" to his perpetual mining turds, without even realizing that this move wiped out all the possible profits for good.

* - you have to be a retard to invest in perpetual mining whatever's

[evoorhees]

1) No more shares will be listed by me for the foreseeable future.

2) Can we please stop using the term "dumping shares?"  I think it's a bit hyperbolic, no?  A "dump" would be dropping tons of shares at market price. This was only a tiny percent of my holdings, and only the first "tranche" (okay if it has quotes around it? =) was listed far below market.

LOL, your holdings are irrelevant in this case. You increases the number of floated shares by what %?
Evoorhees, you are starting to sound like that beady eyed fuck from Florida, who fcuked most of his investors up the arse and then spun it so slippery nicely that fucked ones started to feel almost happy (Stockholm syndrome, indeed). Most of those idiots* had to add another 100+% as expenses to the "investment" to his perpetual mining turds, without even realizing that this move wiped out all the possible profits for good.

* - you have to be a retard to invest in perpetual mining whatever's

My holdings are relevant in this case, because people like you spin up narratives that I'm "dumping my shares" and getting out. The fact that my share holdings increased, even though I sold 3% on market, is relevant because it disproves that narrative.

Please stop being a jerk, EskimoBob.

[🏰 TradeFortress 🏰]

1) No more shares will be listed by me for the foreseeable future.

2) Can we please stop using the term "dumping shares?"  I think it's a bit hyperbolic, no?  A "dump" would be dropping tons of shares at market price. This was only a tiny percent of my holdings, and only the first "tranche" (okay if it has quotes around it? =) was listed far below market.

LOL, your holdings are irrelevant in this case. You increases the number of floated shares by what %?
Evoorhees, you are starting to sound like that beady eyed fuck from Florida, who fcuked most of his investors up the arse and then spun it so slippery nicely that fucked ones started to feel almost happy (Stockholm syndrome, indeed). Most of those idiots* had to add another 100+% as expenses to the "investment" to his perpetual mining turds, without even realizing that this move wiped out all the possible profits for good.

* - you have to be a retard to invest in perpetual mining whatever's

I have a feeling EskimoBob never read the contract and assumed that the IPO shares are the only ones getting traded.

[vampire]

So I have a quick question, somewhat confused about the "dividends":

According to https://bitcointalk.org/index.php?topic=80312.msg1515769#new

S.DICE made about 20000 BTC profit, but http://mpex.co/ shows that only 2000BTC paid out...

So what happened to the 18000 BTC? It seems that only 10% was paid out? But according to the contract 100% should be paid out.

(f)Immediately upon publication of each Statement of Profit and Loss SatoshiDice will pay to shareholders as dividends a fraction of no less than 100% (one hundred percent) of the Net Profits, if any.

Can anyone show me the math? I am guessing because only 10% of shares were released to the public, that's why 10%.. But that's have changed last week when 3% more were released. So now 13% will be paid out?

What was the amount per share paid? Is it 2000BTC / 100mil or 10 mil?

edit: I got the answer on IRC. Thanks, Mircea.

[🏰 TradeFortress 🏰]

So I have a quick question, somewhat confused about the "dividends":

According to https://bitcointalk.org/index.php?topic=80312.msg1515769#new

S.DICE made about 20000 BTC profit, but http://mpex.co/ shows that only 2000BTC paid out...

So what happened to the 18000 BTC? It seems that only 10% was paid out? But according to the contract 100% should be paid out.

(f)Immediately upon publication of each Statement of Profit and Loss SatoshiDice will pay to shareholders as dividends a fraction of no less than 100% (one hundred percent) of the Net Profits, if any.

Can anyone show me the math? I am guessing because only 10% of shares were released to the public, that's why 10%.. But that's have changed last week when 3% more were released. So now 13% will be paid out?

What was the amount per share paid? Is it 2000BTC / 100mil or 10 mil?

edit: I got the answer on IRC. Thanks, Mircea.

2000 BTC / 10 mil

Next dividends should be [profit] / 12.[whatever was sold] mil.

[MPOE-PR]

This is absurd. So it is the traders' fault because they didn't anticipate evoorhees dumping millions of shares on the market? No matter how you and evoorhees try to spin it, this whole fiasco was a blunder that rests squarely on the shoulders of evoorhees.

So basically what's the plan here, ignore anything said, repeat that absurd, blunder, dumping etc and act the wounded princess? Go ahead.

[EskimoBob]

My holdings are relevant in this case, because people like you spin up narratives that I'm "dumping my shares" and getting out. The fact that my share holdings increased, even though I sold 3% on market, is relevant because it disproves that narrative.

Please stop being a jerk, EskimoBob.

1) 90%  from 100 000 000 is 90 000 000 shares never floated (never sold by Co - read, owners never paid a penny for those shares. BTW, if they did, how much?) - lets call this the private stash.
2) 10 000 000 shares are floated and sold to the market at 3 different price (who ever advised you to do it like this, is close to clueless)
3) 3 000 000 new shares appeared on the market from a private stash
4) This is 30% increase of floated shares. Sure, you can call it 3% but in reality, shares available for actual trading increased by 30% and way below the market value.

You can not call this the secondary offering, because shares are sold by current majority owner and SDICE (as a company) receives absolutely nothing from it.
It was unannounced and sold directly to the market with now prior warning.
So, what else can we call this blunder?

When it come to who financial markets operate, you guys are so desperate to invent a wheel, it's almost comical. No, it's actually sad. What is th epoint of those stupid exercises and idiotic "contracts" (especially crap invented by this Romanian lunatic Popescu - btw, is that his real name or did he just want to sound almost "famous") Never mind, I do not care.

Has it ever occurred to any of you, that there are rules in the real world for stuff like that and those rules are there for a reason. Yes, BTC world can skip most of that crap, designed to protects the fat and wealthy scumbags. Who told you we can not pic out the rules useful for the entire community.

Lets use good old SEC as a reference. What about Rule 144 (Securities Act of 1933).
It gives us multiple ideas and hints how to actually structure a IPO, how to protect all the involved parties and so on.
I repeat: "ideas and hints".

BTW, 1933 act has tons of cool stuff to help BTC/LTC community come up with a rules for the game. Agree, most of those rule can never be taken over directly and this is good. Fuck all those brokers, bankers and greedy underwriters and BTC world equivalent wannabees. This is the stuff that must go away. We do not need those scumbags, wheeling and dealing and screwing everyone else in the process.

Take those, almost hundred years old rules as a "platform" or as a source of ideas. And for frak sake, get the semantics right.

What to do with scumbags like Popescu and his lapdog and sock puppets? They are clueless, when it comes to real life finances. Yes, clueless. And those Popescu contracts are just embarrassing. Sure, they attempt to look all official, use fancy wording and what not but the content is still a joke.
I am sure, those two clowns have never ever seen IPO (reading a news paper article is not enough) and are the last persons to give any of you any advice on the matter. 2 spammers are just 2 spammers.
Lawyers? Fuck lawyers and their dangled web of bull shit. BTC has an opportunity to start from a blank page and weed out all the that crap designed to protect only the wealthy and greedy scum.

I am going to stop right here. This conversation needs independent post in this forum and is getting way off topic.

[MPOE-PR]

Assorted ravings

So you've managed to find a copy of a hundred year old bill and at least partially read through it. Congratulations.

Why you'd seem to think this incidental qualifies you to discuss the matter is beyond me, and why you'd think you're in a position to bark at the actual professionals actually doing these things professionally is also beyond me. But by all means, carry on, it's a free interwebs. (It'd be great if you constructively displayed these newfound wonders of thought and learning somewhere you're relevant rather than trying to threadcrap somewhere you're not, but I'm not going to ask for more than you can deliver.)

[misterbigg]

It sounds like Erik fucked up. I think he should just take responsibility for the mistake, apologize, and move on. This will damage his reputation for further issues.

[EskimoBob]

Assorted ravings

So you've managed to find a copy of a hundred year old bill and at least partially read through it. Congratulations.

Why you'd seem to think this incidental qualifies you to discuss the matter is beyond me, and why you'd think you're in a position to bark at the actual professionals actually doing these things professionally is also beyond me. But by all means, carry on, it's a free interwebs. (It'd be great if you constructively displayed these newfound wonders of thought and learning somewhere you're relevant rather than trying to threadcrap somewhere you're not, but I'm not going to ask for more than you can deliver.)

LOL. So you are even more clueless than I thought. Thank you for the proof... again.

mpoe-pr aka fluffygrrl, go back to spamming porn sites.

[ThickAsThieves]

It sounds like Erik fucked up. I think he should just take responsibility for the mistake, apologize, and move on. This will damage his reputation for further issues.

No one messed up anything, and afaik most investors are happy as clams with SDICE. Maybe some are just pissed they don't have the capital and awareness to be agile in this market?

Either way, this turned into a boring troll slap fight.

[MPOE-PR]

It sounds like Erik fucked up. I think he should just take responsibility for the mistake, apologize, and move on. This will damage his reputation for further issues.

It's funny when people with no shred of a reputation are discussing the reputations of others.

It sounds like Erik fucked up. I think he should just take responsibility for the mistake, apologize, and move on. This will damage his reputation for further issues.

No one messed up anything, and afaik most investors are happy as clams with SDICE. Maybe some are just pissed they don't have the capital and awareness to be agile in this market?

Either way, this turned into a boring troll slap fight.

Basically the whole story here is this: back in the days of the Global Scam Exchange, an assortment of scammers and idiots which I won't bother to name were very happy because a) they got to act as if they actually were investors, bankers and so forth and b) they made BTC. Bona fide investors were not at all happy, because they lost oodles of BTC. The conversion process used is particularly ineffective, for every Bitcoin scammed from investors people like Meni Rosenfeld, Kludge, or Patrick Harnett made maybe a cent or less. Some people did make a decent fraction, some still mine to this day on the farms their dupes bought them.

Then MPEx came to the scene, and the gravy train abruptly halted on all scores. Not only did the various scammers get to be called out and quite publicly at that, not only did dysfunctional "business models" get laughed out of town, not only are the idiots under the daily pressure of being called idiots, with ample and incontrovertible documentation of every move they make, but - worst pain of all - the investors are nowhere in sight. Because given a chance, an investor would rather be an investor than a dupe. Some "bond offering" that could collect 40k BTC no questions asked last spring and promptly evaporate half of the shareholder equity within six months can barely take in enough to cover outgoings this spring. Of course this burns the underclass of scammers & idiots: they don't get free BTC and attention anymore? Bawwwww.

They have correctly pinned the cause of their current plight on MPEx generally, on MP personally and as far as the messaging goes, on me. It's a fact: the reason they're fucked atm is exactly MPEx, MP and, at least on this forum, me. They are incorrectly trying to remedy this by attacking a combination of the three. Unfortunately for all of them it doesn't really matter how much time and effort they expend in the ultimately doomed attempt to convince "the public" that their executioner "is evil". In fact the only probable result of all that expenditure is their more thorough discreditation.

To quote MP himself,

And more generally, a notice to all the scumbags circling BTC : I don't care that you're poor, I don't care if you're desperate, I don't care if you're 'Ndrangheta or the Gambinos or the Bonanos or the Russians or whoever the fuck else. Pack it and move. This is your only warning, and quite frankly I have no ideea why warnings are even necessary. Bitcoin is not for idiots. That means you.

That's the whole story. Idiots and scammers can no longer make it in BTC. The days when they had the run of the town are over, and are never coming back. Professionalism, competence, obedience and discipline are the values of Bitcoin in 2013. We're done dicking around with this toy based "on maffs" where "like, man, everything's possible right?"

Time to get to work.

[misterbigg]

...Professionalism...

This made me chuckle, considering the author.

[wtfvanity]

...Professionalism...

This made me chuckle, considering the author.

+1

[EskimoBob]

...Professionalism...

This made me chuckle, considering the author.

+1

+1  it is
 

[MPOE-PR]

It sounds like Erik fucked up. I think he should just take responsibility for the mistake, apologize, and move on. This will damage his reputation for further issues.

http://allthingsd.com/20130208/google-chairman-eric-schmidt-to-sell-up-to-42-percent-of-stake/

Quick, someone send Schmidt a copy of the 1933 LAWLZ.