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

[freedomno1]

Confirmed in main thread

[odie158]

Site is still up in Oregon. Doesn't mean it won't be soon tho I suppose.

[evoorhees]

1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.

[usagi]

1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.

No I completely agree, this was necessary and playing the "long game" is indeed the best way to drive total adoption.

In the long run, this actually makes S.DICE a more attractive investment by removing risk. Once the price falls to where it belongs (about a 90% haircut all-in-all, I wager, before staging a small recovery) I might think about throwing some serious money at it. There are still a lot of issues with the platform though, which need to be resolved. Kudos for taking a great first step though! I'll keep my eye on it.

[Peter Lambert]

1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.

If people in the US do not like this, then they should be working to get rid of the freedom-crushing laws which caused this action to be taken.

[evoorhees]

1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.

If people in the US do not like this, then they should be working to get rid of the freedom-crushing laws which caused this action to be taken.

But Peter, America is the land of the free!

[deadweasel]

1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.

If people in the US do not like this, then they should be working to get rid of the freedom-crushing laws which caused this action to be taken.

But Peter, America is the land of the free!

We are free to use a proxy or VPN too. 

[wtfvanity]

1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.

If people in the US do not like this, then they should be working to get rid of the freedom-crushing laws which caused this action to be taken.

Blocking is for the website only though, right? So, if you are in the US, get a list of addresses and continue to use it, am I wrong? Or for crying out loud, use a VPN service? Am I the only one that uses private internet access? I don't want my ISP recording EVERYTHING I do to hand over to the US whenever they want it. I break no laws, but that doesn't mean that I should just allow them to have anything they want about me.

[RationalSpeculator]

1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.

Your investment in legal counsel the past months shows beautifully  The legal uncertainty was extreme for satoshi dice and you have now considerably reduced that. Another great move Erik.


Ofcourse my sympathies to everyone that took a loss on the value of their shares. That's never fun.  

True there is a risk for slower growth, but better to risk slower growth than risk sudden death!

I think Satoshi Dice became a much better investment today. Much more legal certainty and better valued.

[RationalSpeculator]

Once the price falls to where it belongs (about a 90% haircut all-in-all, I wager, before staging a small recovery)

Are you serious?

Based on what rational/calculation do you come at this number?

[Peter Lambert]

Once the price falls to where it belongs (about a 90% haircut all-in-all, I wager, before staging a small recovery)

Are you serious?

Based on what rational/calculation do you come at this number?

I think it seems rational to want to buy something for only 10% of the price, and then sell it for more later 

[freedomno1]

1) Leave US access open, continue collecting that revenue, and maintain exposure to tail-risk shut-down event.
or
2) Block US IP access to the website, and greatly reduce the catastrophic tail risk.

I understand the sentiment here is negative. I would encourage everyone involved in Bitcoin to start playing the long game, and I'll leave it at that.

Your investment in legal counsel the past months shows beautifully  The legal uncertainty was extreme for satoshi dice and you have now considerably reduced that. Another great move Erik.


Ofcourse my sympathies to everyone that took a loss on the value of their shares. That's never fun.  

True there is a risk for slower growth, but better to risk slower growth than risk sudden death!

I think Satoshi Dice became a much better investment today. Much more legal certainty and better valued.

Agree the risk has been mitigated fairly well, once people start noticing it might appreciate back to old levels sooner than later, that said it would have been nice to have some heads up for investors of what S-Dice was doing so people would not get such a surprise

Once the price falls to where it belongs (about a 90% haircut all-in-all, I wager, before staging a small recovery)

Are you serious?

Based on what rational/calculation do you come at this number?

I think it seems rational to want to buy something for only 10% of the price, and then sell it for more later  

That rush to 0.12 was close enough for me 

[freedomno1]

Once the price falls to where it belongs (about a 90% haircut all-in-all, I wager, before staging a small recovery)

Are you serious?

Based on what rational/calculation do you come at this number?

Yes I'm serious, just think about it. US traffic would probably account for at least 50% of Satoshidice volume -- that is, the traffic which will be affected by this decision. Real US traffic would probably be north of 60%. The reason why I'd posit 90% is because there are reasonable doubts over management's ability (or desire) to keep the business going given the huge cut to revenue they will now face -- especially given their conduct over previous business models such as feedzebirds. How do we know that evorhooes isn't going to dump this and go work on something else now that he isn't going to be making anywhere near what he made earlier? I expect the price to hit .001, at least, over those concerns. I'd probably start buying in under .001, because I take a somewhat longer term view -- but I am also watching for another share dump on the horizon, it's now or never for evorhooes/staff to sell into a high priced market. So overall, given a former price of 0.0045 I think a 90% drop is about right, and then a slow recovery up to about 0.0009 to 0.001. I'm certainly not buying shares at the current price given recent news.

Full disclosure, I do own a couple thousand shares iirc.

Well they did just risk mitigate the whole USA so they can avoid that gambling risk, that said if its just the page and the keys are still around we need to wait till the dividend to see how much it really does affect it.
But that said wonder if the Excel Spreadsheet needs new recalculations
https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dHB2dVdiaEltUHAtTWlBcFhXQVBYeGc#gid=0

[evoorhees]

it would have been nice to have some heads up for investors of what S-Dice was doing so people would not get such a surprise

How might investors be made aware of it, without posting here?

[freedomno1]

it would have been nice to have some heads up for investors of what S-Dice was doing so people would not get such a surprise

How might investors be made aware of it, without posting here?

Put it in the excel spreadsheet as new recalculations without telling anyone and have people figure it out  
Or
Don't know same way ASIC does it just says what their up to but that's harder without posting

[dance4x]

Are there plans to expand satoshi dice into other casino games? I feel like there is an opportunity to expand with other games before another online casino pops up with more options. S.dice is the most popular place to bet Bitcoin, but that could change rather quickly if they do not start to offer more gaming options.

[odie158]

Um... The website is still up in the US.??

[RationalSpeculator]

it would have been nice to have some heads up for investors of what S-Dice was doing so people would not get such a surprise

Sdice had the choice to announce this change the moment they decided on it, maybe that was some weeks ago, or the moment they would implement it as they did. What difference would it make? I think the effect on the share value would be similar.

That being said, I wouldn't mind being on the insider knowledge list before it hits here

[RationalSpeculator]

Um... The website is still up in the US.??

Yes, indeed!

[RationalSpeculator]

Are there plans to expand satoshi dice into other casino games? I feel like there is an opportunity to expand with other games before another online casino pops up with more options. S.dice is the most popular place to bet Bitcoin, but that could change rather quickly if they do not start to offer more gaming options.

This has been discussed some 5/10/20 pages back. Though I have never seen Erik his opinion on this, other then his actions, that speak loudly