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

[🏰 TradeFortress 🏰]

@DeaDTerra


What's with the doubling of shares issued from ~540,234 to  ~1,034,273. Halving all of our profits, and you making a quick buck on selling them all, whilst also driivng down the price of the shares for everyone else.

Care to make a statment on this, what seems to me, exploitve action of yours?

Wow.. at this person who is advertising a spammy search engine in his sig

(On my first read, I actually thought Erik dumped 14% more of SDICE on mpex or something.)

[Abu22]

Appologies. I was under the impression that you had bought a set amount to represent this PT and where dictacting the amount of shares it represented arbitraritly. This las round of divdends was asstoundangly low, along with a slowly depreciating value of these shares caused me to jump to some mis informed conclusions.

Also gillbates.org is'nt a spammy search engine its just a website made for fun to be my google passthrough


Something I don't understand however, is why erik is not continuing the inovation of SD to compete better with some more new age and creative games whilst he still has a large user base for the simplistic SD. Casino games aren't that hard to think up and digitize. (Unless he's looking for a programmer to do this? ?)

Anyway sorry for the disruption and false claims DeaDTerra.

Peace

[jonitas]

Appologies. I was under the impression that you had bought a set amount to represent this PT and where dictacting the amount of shares it represented arbitraritly. This las round of divdends was asstoundangly low, along with a slowly depreciating value of these shares caused me to jump to some mis informed conclusions.

You shouldn´t be investing in anything. Do your homework.

[Abu22]

Appologies. I was under the impression that you had bought a set amount to represent this PT and where dictacting the amount of shares it represented arbitraritly. This las round of divdends was asstoundangly low, along with a slowly depreciating value of these shares caused me to jump to some mis informed conclusions.

You shouldn´t be investing in anything. Do your homework.

Thanks for that completly useless contribution to the discussion, I hope you feel like you're important now.

In all seriousenss though, my concern stemmed from the "Issuer may Increase Shares:   Yes, without vote." part in the profile. That I see as quite a exploitable privlige, even though it may allow for you to introduce more shares from the actual mpex at will. But why even bother adding them yet when little over 50% have been issued.

Why were the profits so low this month? I looked at dooglus' chart of S.Dice's ongoing performance and it doesn't appear to account for a drop from ฿0.00012579 per share to ฿0.00000845 ... A reduction of .00011734! Almost 15x less.

I'd still really like a comment from erik as to why S.Dice is remaining in its design infancy for so long when it's potential far exceeds that of what its currently exibiting.

[zebedee]

Was there an official announcement of last month's earnings and dividends, or did I miss it?

You know, the one that typically comes with a "the gambling world's not going to be ignoring bitcoin for long" kind-of comment?

[Abu22]

Was there an official announcement of last month's earnings and dividends, or did I miss it?

You know, the one that typically comes with a "the gambling world's not going to be ignoring bitcoin for long" kind-of comment?

Well there's this... https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dHB2dVdiaEltUHAtTWlBcFhXQVBYeGc#gid=11

with a new monthly expense introduced for a 'systems operator' of 100 btc a month... A almost 200k salary for a guy/team? that's doing the upkeeping of a site that has little to none. I mean it's not even a salary of btc worth of his local currency. They're paying the 100 btc this month too... Along with an indescript 103 btc cost for 'legal'...And I don't know why the mpex divident changed from 10% to 13%.

I'm getting a little concerned at how these operations are running.

[Deprived]

Was there an official announcement of last month's earnings and dividends, or did I miss it?

You know, the one that typically comes with a "the gambling world's not going to be ignoring bitcoin for long" kind-of comment?

Well there's this... https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dHB2dVdiaEltUHAtTWlBcFhXQVBYeGc#gid=11

with a new monthly expense introduced for a 'systems operator' of 100 btc a month... A almost 200k salary for a guy/team? that's doing the upkeeping of a site that has little to none. I mean it's not even a salary of btc worth of his local currency. They're paying the 100 btc this month too... Along with an indescript 103 btc cost for 'legal'...And I don't know why the mpex divident changed from 10% to 13%.

I'm getting a little concerned at how these operations are running.

I can explain why the MPEx dividend changed.

Originally 10% of shares were sold on MPEx - hence the dividend being 10%.  Remainder were either held by Erik himself or by other private investors.  Last month (or maybe February) one of the other investors decided to sell some of his stake - and it was sold in the market.  This increased the shares on MPEx from 10% of total equity to 13% - and the dividend increased accordingly.

Would assume the systems operator is doing stuff like checking for double-spend attacks (and other variations on the same theme) which take a reasonable amount of effort and expertise to do.  Obviously it does eat into the bottom-line and share valuation of course.

[superbit]

Was there an official announcement of last month's earnings and dividends, or did I miss it?

You know, the one that typically comes with a "the gambling world's not going to be ignoring bitcoin for long" kind-of comment?

Well there's this... https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dHB2dVdiaEltUHAtTWlBcFhXQVBYeGc#gid=11

with a new monthly expense introduced for a 'systems operator' of 100 btc a month... A almost 200k salary for a guy/team? that's doing the upkeeping of a site that has little to none. I mean it's not even a salary of btc worth of his local currency. They're paying the 100 btc this month too... Along with an indescript 103 btc cost for 'legal'...And I don't know why the mpex divident changed from 10% to 13%.

I'm getting a little concerned at how these operations are running.

I can explain why the MPEx dividend changed.

Originally 10% of shares were sold on MPEx - hence the dividend being 10%.  Remainder were either held by Erik himself or by other private investors.  Last month (or maybe February) one of the other investors decided to sell some of his stake - and it was sold in the market.  This increased the shares on MPEx from 10% of total equity to 13% - and the dividend increased accordingly.

Would assume the systems operator is doing stuff like checking for double-spend attacks (and other variations on the same theme) which take a reasonable amount of effort and expertise to do.  Obviously it does eat into the bottom-line and share valuation of course.

200K a month though?

[FTWbitcoinFTW]

200K a month though?

Same question here but i think it's 200K/year, a US habits

This will be a recurring monthly expense. It is compensation for the site's IT contractor.

It's cheap for securing a 67M$ company, what do you think?

[romerun]

well, they should put an end to the recurring, bet lag-site slowness issues, considering 100btc/m maintenance fee

[Abu22]

So nobody else is irritated with the lack of development to this site when it has such a bountiful amount of potential? Have the creators / top investors got  holdings in alternate gambling websites, as to make creating themselves as a competition harmful to their own self interest?

Obviously a bit of speculation here, but these moves forward should be a no brainier. The last interface update was the addition of a lurid green header background and now the betting address flashes... yay.

It's not become any more user friendly towards new bitcoin users, nor has it become any more appealing in the sense of fun from a unique gaming/gambling experience.

If you're seriously out of idea's then let the community suggest some to you instead of letting this all just go stagnant.

[jonitas]

@Abu22, ar9

Here's a usefull contribution for ya, since obviously you can't do your own homework:

3) Contrary to how it may appear, I'm spending a lot of time on SD. Much of this is in the legal world, and in putting a small team together to build it more professionally. These things aren't apparent on the surface, but they're happening. When some of this foundational stuff is in place, the visible aspects of SD will be built up further. While I have increased advertising for SD in the last couple weeks, I am also wary of making the site too high profile too soon. Read into that what you will, but it's done with purpose.

[ar9]

Thanks for clearing that up jonitas and I apologize for my ignorance.
It's hard to dig through threads, there's a lot of S.DICE threads around these parts.

Cheers

[Yogafan00000]

200K a month though?

I'd rather see decent fees go to the operator than operator deciding to wind it all down because it's not worth their bother, or worse, just pulling the plug and disappearing. (and us winding up with worthless shares)

I haven't been burned yet, a few close calls though. (Bakewell, GLBSE)  I completed dodged the Pirate fiasco.

Remember, success is expensive.

[zebedee]

So nobody else is irritated with the lack of development to this site when it has such a bountiful amount of potential? Have the creators / top investors got  holdings in alternate gambling websites, as to make creating themselves as a competition harmful to their own self interest?

Obviously a bit of speculation here, but these moves forward should be a no brainier. The last interface update was the addition of a lurid green header background and now the betting address flashes... yay.

It's not become any more user friendly towards new bitcoin users, nor has it become any more appealing in the sense of fun from a unique gaming/gambling experience.

If you're seriously out of idea's then let the community suggest some to you instead of letting this all just go stagnant.

Why would he do that? Seriously if they're developing something new, why would they donate it to SD "share" holders?


Just do another IPO in the same style and take the lot. Remember you only invested in what? Satoshi Dice the game right? Not a company or anything. What is the incentive for the creators to do extra stuff when they are diluted by people like you, and they don't need to be?


The whole SD thing is that it's unclear what the deal is, and you have no vote or say. Hence why people like me warned about the absurd (in my view) valuation multiple at IPO.

[dooglus]

Why were the profits so low this month? I looked at dooglus' chart of S.Dice's ongoing performance and it doesn't appear to account for a drop from ฿0.00012579 per share to ฿0.00000845 ... A reduction of .00011734! Almost 15x less.

My charts show the profit in February as 13333.24627993 and March as 1166.55910974.

That's about 11 times more in Feb than in Mar:

>>> 13333.24627993 / 1166.55910974
11.429550520506144

However if you subtract a fixed cost of 300 from each, it's a 15 times drop instead:

>>> (13333.24627993 - 300) / (1166.55910974 - 300)
15.040227646836993

So that explains why the dividends were smaller in March.

As for the 100 BTC per month fee for various staff, I expect contracts were signed before the price of BTC shot up.  100 BTC per month used to be a reasonable amount (and maybe will be again soon, the way things are going?)

[kokojie]

Why were the profits so low this month? I looked at dooglus' chart of S.Dice's ongoing performance and it doesn't appear to account for a drop from ฿0.00012579 per share to ฿0.00000845 ... A reduction of .00011734! Almost 15x less.

My charts show the profit in February as 13333.24627993 and March as 1166.55910974.

That's about 11 times more in Feb than in Mar:

>>> 13333.24627993 / 1166.55910974
11.429550520506144

However if you subtract a fixed cost of 300 from each, it's a 15 times drop instead:

>>> (13333.24627993 - 300) / (1166.55910974 - 300)
15.040227646836993

So that explains why the dividends were smaller in March.

As for the 100 BTC per month fee for various staff, I expect contracts were signed before the price of BTC shot up.  100 BTC per month used to be a reasonable amount (and maybe will be again soon, the way things are going?)

That's would be a stupid contract to sign, it should be a percentage of profit each month, say 2% or 3%. if BTC price shot up to $10000, SDice's entire monthly profit might just be 100 BTC.

Also when the fee is tied to a percentage profit, it gives the consultant more incentive to do good work, as bad work will result in less fee.

[CasinoBit]

So nobody else is irritated with the lack of development to this site when it has such a bountiful amount of potential? Have the creators / top investors got  holdings in alternate gambling websites, as to make creating themselves as a competition harmful to their own self interest?

Obviously a bit of speculation here, but these moves forward should be a no brainier. The last interface update was the addition of a lurid green header background and now the betting address flashes... yay.

It's not become any more user friendly towards new bitcoin users, nor has it become any more appealing in the sense of fun from a unique gaming/gambling experience.

If you're seriously out of idea's then let the community suggest some to you instead of letting this all just go stagnant.

Honestly why must it be an already existing project that introduces new concepts? Why can't other companies who are also seeking to give to the community introduce new ideas?

[thoughtfan]

So nobody else is irritated with the lack of development to this site when it has such a bountiful amount of potential? Have the creators / top investors got  holdings in alternate gambling websites, as to make creating themselves as a competition harmful to their own self interest?

Obviously a bit of speculation here, but these moves forward should be a no brainier. The last interface update was the addition of a lurid green header background and now the betting address flashes... yay.

It's not become any more user friendly towards new bitcoin users, nor has it become any more appealing in the sense of fun from a unique gaming/gambling experience.

If you're seriously out of idea's then let the community suggest some to you instead of letting this all just go stagnant.

Honestly why must it be an already existing project that introduces new concepts? Why can't other companies who are also seeking to give to the community introduce new ideas?

No reason why not - and even as an SD stockholder I'm all for it because the more of the market share others take away from SD the bigger the incentive for SD to up their game.  Bring it on

[jeprokzki]

how can i buy shares here?