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

[RationalSpeculator]

Totally unrelated I get the impression there is more sdice trading on havelock than on mpex itself.

For example, right now there have been 86700 shares traded on havelock (16th of May) versus 23800 on mpex (day volume).

The past month it's about the same around 320 000 shares have traded on havelock versus 300 000 on mpex.

[1714948561]

1714948561

[Korbman]

Totally unrelated I get the impression there is more sdice trading on havelock than on mpex itself.

For example, right now there have been 86700 shares traded on havelock (16th of May) versus 23800 on mpex (day volume).

The past month it's about the same around 320 000 shares have traded on havelock versus 300 000 on mpex.

That's because there are, like, 5 people on MPEx that paid the fee to become a member...compared to Havelock, which is open to the publicly created accounts.

[freedomno1]

Totally unrelated I get the impression there is more sdice trading on havelock than on mpex itself.

For example, right now there have been 86700 shares traded on havelock (16th of May) versus 23800 on mpex (day volume).

The past month it's about the same around 320 000 shares have traded on havelock versus 300 000 on mpex.

That's because there are, like, 5 people on MPEx that paid the fee to become a member...compared to Havelock, which is open to the publicly created accounts.

50 Bit a pop is a bit too pricey for me to join also I could not understand the interface well technically I can but that still looks messy it works though. I heard there are advantages with MPEx as they are direct and not passthrus and get an IPO edge not sure about that now with more exchanges though, so besides the 5% dividend cut on funds not sure much else differentiates them, but possibly more choices.
Of course big spenders would want that 5% dividend if they had a million bucks Get their 50 BTC back fast
Or the ability to make passthrus on other exchanges and get 5% for redistributing
Also that 50 BTC was worth more less 50,000 in at current rate assuming 100 bucks at 20 bucks where it would be reasonable 1000 lol

[romerun]

[freedomno1]

Where did that come from and I want to know how he makes it legal Ha-ha or scam ad XD

[Korbman]

Where did that come from and I want to know how he makes it legal Ha-ha or scam ad XD

Ha, it's from the TV show 'Breaking Bad' ..and it's amazing

[freedomno1]

Where did that come from and I want to know how he makes it legal Ha-ha or scam ad XD

Ha, it's from the TV show 'Breaking Bad' ..and it's amazing

Ha-ha thanks for the reference still ponders why its in a satoshi dice thread but nice

[Abu22]

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 servers are not located in the US and you only accept payments in BTC, so you're not falling under any of their money transmitting AML bullshit.

What I see your real options as are,

1) Leave US access open, any action taken by the US would be futile - Only once they are forced to come up with some abstract reason that you must cease and desist your operations in the US then you might want to consider complying to a website take down. Not only would this undermine the US for using such underhanded actions, but would no doubt stir up media attention (Which is a good thing, because we need these kinds of things in the public eye, there are far too many people still unaware of bitcoins existence at all) If the USA doesn't want it's citizens to access SDice, let them be the ones to blacklist it.

Or

2)Kill your customer base with no effective means of actually protecting yourself from what you're trying to be protected from. If the US wants to fuck you over for providing online gambling...You're still doing it without the site, you're still breaking their laws. You had that crappy stand alone client developed that bypasses this, the way the gambling on the blockchain works bypasses this...

So the best thing you can really do is provide a disclaimer on the website stating that It MAY be against US law to gamble on this website - If you're a citizen of the USA please refrain from gambling here - We won't know if you do though - Achieves the same thing you do.


It's like owning an illegal brothel then saying you'll take down the sign out the front to avoid getting in any trouble.



Also questions posted previously and waiting on response.

- Has the $5000/month cap changed for the new employee?
- How is the conversion calculated (because I see no consistency between months) ...Start/End of the month, btc average month price, expected trend value? The information on how these numbers are calculated are integeral to ensure honest business is being conducted, and that we're not just shitting magic numbers...As well as a demonstration that the last 2 months did have some sort of calculation alg in common so that we can see there was no deceit involved in the past addtional fees.

[ar9]

I've been an S.DICE investor/supporter for about... 4 months now.  Not a long time, admittedly, but I think it's pretty clear here that those pulling the reins of S.DICE have ulterior motives.  There has been absolutely nothing in the way of developing and improving the game.  Embedding it in other casinos.  Etc.

There is just nothing from my point of view that leads me to believe that Evorhees WANTS S.DICE to succeed.  I believe there is much more going on behind the scenes than most of us investors would want to know.

This is all just pure speculation of course, mind you, the proof is in the pudding.  Does any one here see any sort of reason for the shares to appreciate in the coming future?  Most likely not.

[RationalSpeculator]

I've been an S.DICE investor/supporter for about... 4 months now.  Not a long time, admittedly, but I think it's pretty clear here that those pulling the reins of S.DICE have ulterior motives.  There has been absolutely nothing in the way of developing and improving the game.  Embedding it in other casinos.  Etc.

There is just nothing from my point of view that leads me to believe that Evorhees WANTS S.DICE to succeed.  I believe there is much more going on behind the scenes than most of us investors would want to know.

This is all just pure speculation of course, mind you, the proof is in the pudding.  Does any one here see any sort of reason for the shares to appreciate in the coming future?  Most likely not.

Where is the argument?

[ar9]

I'm not arguing, just offering a fairly empirical opinion.

[RationalSpeculator]

I'm not arguing, just offering a fairly empirical opinion.

arguing does not equal argument

opinion does not equal argument

[ar9]

I'm uncertain what you're trying to say, RationalSpeculator.

[Abu22]

Stop bloating the forum with retarded shit like this @ RationalSpeculator.

Deleting your intellectually content-less posts would be appreciated.

[RationalSpeculator]

I'm uncertain what you're trying to say, RationalSpeculator.

What I'm trying to say is that you are not making an argument for your case.

You're just spitting your gut, it seems to me.

[ar9]

I'm uncertain what you're trying to say, RationalSpeculator.

What I'm trying to say is that you are not making an argument for your case.

Your just spitting your gut, it seems to me.

That's exactly what I was doing, and I admitted such when I stated "I'm not arguing, just offering a fairly empirical opinion".

Moving along now.

[Rampion]

Good time to buy SDICE shares.

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

[MPOE-PR]

Totally unrelated I get the impression there is more sdice trading on havelock than on mpex itself.

For example, right now there have been 86700 shares traded on havelock (16th of May) versus 23800 on mpex (day volume).

The past month it's about the same around 320 000 shares have traded on havelock versus 300 000 on mpex.

That's because there are, like, 5 people on MPEx that paid the fee to become a member...compared to Havelock, which is open to the publicly created accounts.

50 Bit a pop is a bit too pricey for me to join also I could not understand the interface well technically I can but that still looks messy it works though. I heard there are advantages with MPEx as they are direct and not passthrus and get an IPO edge not sure about that now with more exchanges though, so besides the 5% dividend cut on funds not sure much else differentiates them, but possibly more choices.
Of course big spenders would want that 5% dividend if they had a million bucks Get their 50 BTC back fast
Or the ability to make passthrus on other exchanges and get 5% for redistributing
Also that 50 BTC was worth more less 50,000 in at current rate assuming 100 bucks at 20 bucks where it would be reasonable 1000 lol

For the record: Korbman is some failed wannabe financier (loosely associated with some wannabe competitor for that matter). Take what he says with a grain of salt (not because what he says about MPEx is wrong, which it is, but because what he says about finance is stupid, which he is).

Other than that: fee is still 30 BTC. There were > 100 paid accounts in January (sauce). You can easily calculate how many accounts are paid monthly/cumulative seeing how they're itemized in the S.MPOE monthly reports.

On a more general note, the set of people making negative assessments of S.MPOE/MPEx and the set of people that are either too lazy to read or functionally illiterate (for either an intellectual or educational deficit) converge greatly.

The former group is somewhat larger, as it also contains a naive contingent that (wrongly) imagines itself able to impose error as commonly accepted truth through winning some sort of marketing contest, in spite of this never having worked before and without bothering to notice the pain inflicted on those who have so far tried to. Partial list of people you might have heard of includes Amir Taaki, Nefario, Goat - who after six months spent in an opium den to try and forget his previous beating is back again apparently looking for more - Gigavps, Patrick Harnett, Kludge, Meni Rosenfeld, rpietila and on and on it goes. The forum is littered with the decomposing carcasses of those who thought they know better than MP, they can more than MP and whatnot.

Good time to buy SDICE shares.

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

Well according to the crowdsourced wisdom in the other thread the right time to buy a stock is when it's expensive and the right time to sell it is when it's cheap.

Before you laugh, this is in point of fact exactly the advice "financial advisors" were even recently giving their well paying, high powered customers such as Stanford etc.

[Rampion]

Good time to buy SDICE shares.

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

Well according to the crowdsourced wisdom in the other thread the right time to buy a stock is when it's expensive and the right time to sell it is when it's cheap.

Before you laugh, this is in point of fact exactly the advice "financial advisors" were even recently giving their well paying, high powered customers such as Stanford etc.
[/quote]

I'm no professional trader, but I always follow the same simple strategy: I buy during panic sell offs caused by negative news (eg, Dwolla/MtGox situation, the block chain fork, etc. ) and I sell when others panic buy or when all the market is uber bullish

Sure, to catch the very bottom and the very top you need to be lucky and most times it does not happen, but this very simple strategy worked wonders for me, not only in the BTC world.

I bought BlackBerry stocks when everybody was saying they were dead, and I sold all my holdings during the rally prior of the official presentation of BB10, making 300% profits.

[freedomno1]

Totally unrelated I get the impression there is more sdice trading on havelock than on mpex itself.

For example, right now there have been 86700 shares traded on havelock (16th of May) versus 23800 on mpex (day volume).

The past month it's about the same around 320 000 shares have traded on havelock versus 300 000 on mpex.

That's because there are, like, 5 people on MPEx that paid the fee to become a member...compared to Havelock, which is open to the publicly created accounts.

50 Bit a pop is a bit too pricey for me to join also I could not understand the interface well technically I can but that still looks messy it works though. I heard there are advantages with MPEx as they are direct and not passthrus and get an IPO edge not sure about that now with more exchanges though, so besides the 5% dividend cut on funds not sure much else differentiates them, but possibly more choices.
Of course big spenders would want that 5% dividend if they had a million bucks Get their 50 BTC back fast
Or the ability to make passthrus on other exchanges and get 5% for redistributing
Also that 50 BTC was worth more less 50,000 in at current rate assuming 100 bucks at 20 bucks where it would be reasonable 1000 lol

For the record: Korbman is some failed wannabe financier (loosely associated with some wannabe competitor for that matter). Take what he says with a grain of salt (not because what he says about MPEx is wrong, which it is, but because what he says about finance is stupid, which he is).

Other than that: fee is still 30 BTC. There were > 100 paid accounts in January (sauce). You can easily calculate how many accounts are paid monthly/cumulative seeing how they're itemized in the S.MPOE monthly reports.

On a more general note, the set of people making negative assessments of S.MPOE/MPEx and the set of people that are either too lazy to read or functionally illiterate (for either an intellectual or educational deficit) converge greatly.

The former group is somewhat larger, as it also contains a naive contingent that (wrongly) imagines itself able to impose error as commonly accepted truth through winning some sort of marketing contest, in spite of this never having worked before and without bothering to notice the pain inflicted on those who have so far tried to. Partial list of people you might have heard of includes Amir Taaki, Nefario, Goat - who after six months spent in an opium den to try and forget his previous beating is back again apparently looking for more - Gigavps, Patrick Harnett, Kludge, Meni Rosenfeld, rpietila and on and on it goes. The forum is littered with the decomposing carcasses of those who thought they know better than MP, they can more than MP and whatnot.

Good time to buy SDICE shares.

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

Well according to the crowdsourced wisdom in the other thread the right time to buy a stock is when it's expensive and the right time to sell it is when it's cheap.

Before you laugh, this is in point of fact exactly the advice "financial advisors" were even recently giving their well paying, high powered customers such as Stanford etc.

Thanks I didn't mean to offend you MPOE still learning these things Learn't how the Hash Key's work and the Blockchain today Lot of history on this forum.
(Need to learn the internal coding aka actually understanding how it functions another day from some source docs or looking around for someones explanation and getting the basics down then looking at the circuitry per-se with all the alt currencies seems like a general design then they tinker with it a bit lol)

Now for a somewhat learning spiel

You are correct it was 30 BTC not 50. I did read some of the FAQ so recalled some things vaguely was on that page for a while didn't want to be part of that thread though http://polimedia.us/trilema/2013/because-most-people-are-idiots-in-spite-of-never-manning-up-and-admitting-to-it/

First, you need to get registered. Export your public key (gpg --armor --output pubkey.txt --export 'Your Name') and email it. Make sure you include the exact phrase "I understand that I will be required to pay 30 BTC as fees for registering this account, and I agree and promise to do so" or your email will be discarded unread. This is unfortunately necessary because idiots.

I was thinking that I would need a Yubikey on top of that and learn what the heck STAT and Armor were well as expected the bar is fairly high but once you get it probally is cake

Dear Lord, what is this ?
Yes, this is dog. == God never got that reference

Bunch of linux nodes/unix command probably to execute orders. But for example if it was a sale of ASIC-Miner shares since that's popular using the forum and bidding figuring out how the shares would be transferred etc would be a puzzle.
Bit of a learning curve but then it's designed like that so people really know what their doing and as the FAQ repeats filter idiots

I never saw the mpex joining chart before so a lot of people sign up and even more recently neat seems to be growing but this seems to only go to January 2013 curious what it looks like now in May and to be fair this doesn't account for the price rise if we go by the charted history
http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv
You can easily calculate how many accounts are paid monthly/cumulative seeing how they're itemized in the S.MPOE monthly reports.  Was wondering if you could point me in the right direction so I can calculate it then Unless its in the mini text on the sidebar and I overlooked one of them or in No se en Espanol actually Se but where


The FAQ said it was designed so it could work with some automated programs or trade probably why it keeps that design but I never was certain on some points
For example were the accounts resell-able if the cost of entry rose in the foreseeable future or were the keys assigned by IP and unique  identification. How many people could use a single account, or if users are transferred what type of notice should be given to the site owner if any. Example scenarios someone doesn't trade highly enough or cost of entry rises to where it becomes attractive to resell account.

Another question was
Since passthrus are conducted through MPEX and have a reverse conversion option on most indexes what were the advantages of that and relating to that what is the average net investors wealth on mpex due to the high entry makes sense for big users to play there.
For example
Units of the fund ARE convertible to shares on MPEX at 1 unit = 100 shares PUSHED to your MPEX account for a fixed fee of 1 BTC per transfer (fee subject to change). Contact us by email to initiate a transfer. Shares are also accepted as transfers FROM MPEX to Havelock with no fee.

And relating to that what degree of margin is allowed was another curiosity WOT = Web of Trust  ratio's to positive ratings etc and its % based return on margins.

There is a 30BTC fixed fee for adding your public key to the MPEx. This is a one-time fee. All sellers are assesed a 0.2% fee at the moment the sale completes (so if you sell 500 stocks for 100 satoshi each you get 49`900 satoshi or 0.000499 BTC). All MKOPT and MKFUT orders are assesed a 2% fee (SPLIT orders are free).
Also so 30 BTC is one time only check. Buyers feeless sellers 0.2% Flat fee any size and not sure what MKOPT and MKFUTs darn acronyms
I will admit I probally am still on the fringe of the naive contingent but am learning
That said people use MPEx for a reason and it remains popular even if I don't know all the reasons why so could use some enlightenment if you have any points that I missed.


As for ASICMiner
https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=12
Well predicted dividend chart helps to determine a fair market value
Exception for the Avalons this time

Good time to buy SDICE shares.

Quote
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
True but it doesn't mean chasing down a spirial staircase

That said if it goes to 0.15 and the currency is not at 200 dollars a bitcoin again NOM!

Ah PPS Well their always is freenode but then I would feel like I'm overkilling with questions