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

[Abu22]

Send your piffle to the correct topic first and hang out on the forums more and learn, first and foremost before making your own comments and complaining when evoorhee's doesnt check the thread. This is the satoshidice mpex announcement not the satoshidice offical page so please follow your own rules and etiquitte if your going to call someone out
As for myself
I apologize to the thread for spamming it I was talking to the MPEX-PR account and we were on a related topic and so thought it would be an acceptable extension, replying to the MPEX-PR account also seemed appropriate as it regarded related information on alternative exchanges,
trading on an exchange and inquiries into funds and was a reply to the question of commenting or amending the claim. If the error was for replying to an alternative exchange havelock on a MPEX thread regarding the posters question then that is my error.
Considering this is an announcement page for S.Dice on MPEX Dividend Paying Asset and the user was a MPEX-PR account that is authorized to comment on these type of questions I thought it would be acceptable to have a conversation on this thread regarding that topic. Since it was reported and removed I deem it was not and so I apologize for my error.

No harm done man, the 2/3rds of a page post and rationalSpeculator's pointless 'where's your argument' back and forth rustled my jimmies, so to speak. Just try to stay on topic, yu know. Just FYI though, I called you out in the post, though I didn't submit any report against you...

Just another note, this is the forum relating to securities, in this case Satoshi Dice..The one you're referring to is more of a general forum that isn't limited to the scope of SD as a security. Whereas your queries were solely about the exchanges...That would be more fitting in a PM or an appropriately related forum.

The base shares are held on MPEX while pass throughs are on other exchanges like BitFunder (that links to this specific forum in it's profile description) ...That kind of correlation is of course still of a high enough relation to be relevant here...

But still, my apologies if I was too blunt in my actions. I really hope this doesn't come between our friendship. 

Now where's that Erik.....

[CanadianGuy]

Can someone give me a quick summary of this 80 page thread for someone who might be interested in buying shares.. ? 

[EskimoBob]

Can someone give me a quick summary of this 80 page thread for someone who might be interested in buying shares.. ? 

Blaa bla, best deal ever! OMfG, its going up! Buy buy! Free money... (crickets!) ... Whales is here! Blaa blaa blaa... OMFG, Evorhees dumped a assload of shares on market... blaa blaa blaa, Whales are here! It's going to be grate... Whales are here again. Fuck! Evorhees dumped another assload of shares on market, blaa blaa blaa, evorees bough a huge apartment... blaa blaa... its falling, where did whales go... blaa blaa blaa, we are fucked, blaa blaa, alphabet agencies are crawling up to sdice's virtual ass... yes, it keeps falling... blaa blaa... Can someone give me a quick summary of this 80 page thread... and the next 80 pages or so will continue with same...

[🏰 TradeFortress 🏰]

Can someone give me a quick summary of this 80 page thread for someone who might be interested in buying shares.. ? 

 

[nebulus]

Can someone give me a quick summary of this 80 page thread for someone who might be interested in buying shares.. ? 

Blaa bla, best deal ever! OMfG, its going up! Buy buy! Free money... (crickets!) ... Whales is here! Blaa blaa blaa... OMFG, Evorhees dumped a assload of shares on market... blaa blaa blaa, Whales are here! It's going to be grate... Whales are here again. Fuck! Evorhees dumped another assload of shares on market, blaa blaa blaa, evorees bough a huge apartment... blaa blaa... its falling, where did whales go... blaa blaa blaa, we are fucked, blaa blaa, alphabet agencies are crawling up to sdice's virtual ass... yes, it keeps falling... blaa blaa... Can someone give me a quick summary of this 80 page thread... and the next 80 pages or so will continue with same...

That's pretty funny.

[MPOE-PR]

Can someone give me a quick summary of this 80 page thread for someone who might be interested in buying shares.. ? 

Blaa bla, best deal ever! OMfG, its going up! Buy buy! Free money... (crickets!) ... Whales is here! Blaa blaa blaa... OMFG, Evorhees dumped a assload of shares on market... blaa blaa blaa, Whales are here! It's going to be grate... Whales are here again. Fuck! Evorhees dumped another assload of shares on market, blaa blaa blaa, evorees bough a huge apartment... blaa blaa... its falling, where did whales go... blaa blaa blaa, we are fucked, blaa blaa, alphabet agencies are crawling up to sdice's virtual ass... yes, it keeps falling... blaa blaa... Can someone give me a quick summary of this 80 page thread... and the next 80 pages or so will continue with same...

That's pretty funny.

The beauty of a free market: you get exactly what you ask for. As long as you're okay with "someone" === "random idiot" a summary of anything is just a post away.

[fluidjax]

Can someone give me a quick summary of this 80 page thread for someone who might be interested in buying shares.. ? 

Blaa bla, best deal ever! OMfG, its going up! Buy buy! Free money... (crickets!) ... Whales is here! Blaa blaa blaa... OMFG, Evorhees dumped a assload of shares on market... blaa blaa blaa, Whales are here! It's going to be grate... Whales are here again. Fuck! Evorhees dumped another assload of shares on market, blaa blaa blaa, evorees bough a huge apartment... blaa blaa... its falling, where did whales go... blaa blaa blaa, we are fucked, blaa blaa, alphabet agencies are crawling up to sdice's virtual ass... yes, it keeps falling... blaa blaa... Can someone give me a quick summary of this 80 page thread... and the next 80 pages or so will continue with same...

That's pretty funny.

The beauty of a free market: you get exactly what you ask for. As long as you're okay with "someone" === "random idiot" a summary of anything is just a post away.

Opinions from enough random idiots = impartial
Opinions from people with a significant vested interest, is usually a pump.

[MPOE-PR]

Opinions from enough random idiots = impartial

At least that's the theory voting works on. If you feel well represented by that system I guess either Bitcoin has gone mainstream meanwhile or else you're a fish out of water.

[RationalSpeculator]

The entire "limit" issue is perhaps best addressed here. There's really no need for clones.

Need, no. Bitcoin can function alone now, but multiple independent systems in the same class are capable of amplifying the overall effect.

There may also be growing realization that trading BTC/LTC or BTC/XRP is preferable to BTC/USD or any other fiat denomination. There is arguably greater risk in having exposure of any kind to the traditional financial system, and remaining in the crypto environment is much faster for many activities.

Individuals who feel comfortable with relatively concentrated transaction processing power should have no problem with Bitcoin. Those who do not may prefer Litecoin, Ripple, or any other variant that might gain traction.

SatoshiDice would cripple and probably destroy any chain incapable of sustaining itself, while acting as a rite-of-passage for those that can pass muster; the stronger a source of revenue, the better.

I can see how multiple independent cryptocurrencies add value to the whole cryptocurrency revolution by being more resilient overall. However, since the value of a cryptocurrency comes mostly from the network effect I think it is correct to say that altcoins also reduce the value of bitcoin by taking energy, capital and users away. A positive and a negative equal zero.

I think it all comes down to, are these altcoins here to stay? If yes, then it makes sense to offer gambling in them, if they will die, it's a waste of energy.

As Sunakar noted empirical evidence is that LTC for example is growing in value and hashrate. However, this is only due to speculation. Nothing wrong with that, bitcoin started the same way, but speculators can be wrong too. So I think it makes sense to wait another cycle to see whether any altcoins survive a downturn and renewed pessimist sentiment towards cryptocurrencies. Bitcoin proved it survived, but will they?


I'm confused about the limits of bitcoin when it comes to amount of transactions. From the discussion about the blocksize limit it looks like many believe that 1 decentralized cryptocurrency will never be able to support the current amount of banking transactions (and thus will need to become a large transactions only currency). But is that true? I would think that the exponential growth of personal computer power, can keep up with the exponential growth of amount of transactions?

[Peter Lambert]

I'm confused about the limits of bitcoin when it comes to amount of transactions. From the discussion about the blocksize limit it looks like many believe that 1 decentralized cryptocurrency will never be able to support the current amount of banking transactions (and thus will need to become a large transactions only currency). But is that true? I would think that the exponential growth of personal computer power, can keep up with the exponential growth of amount of transactions?

Systems like Ripple and MtGox codes allow bitcoins to be sent between users without actually filling the blockchain. If bitcoins continue to grow, then maybe it will be beneficial to switch SatoshiDice to an account-based system where deposits and withdrawals go on the blockchain but most bets are handled internally. My point is that there will be ways for bitcoins to continue being used in many different ways, systems being built on top of bitcoins are a better option than having a bunch of separate cryptocurrencies.

[EskimoBob]

Can someone give me a quick summary of this 80 page thread for someone who might be interested in buying shares.. ?  

Blaa bla, best deal ever! OMfG, its going up! Buy buy! Free money... (crickets!) ... Whales is here! Blaa blaa blaa... OMFG, Evorhees dumped a assload of shares on market... blaa blaa blaa, Whales are here! It's going to be grate... Whales are here again. Fuck! Evorhees dumped another assload of shares on market, blaa blaa blaa, evorees bough a huge apartment... blaa blaa... its falling, where did whales go... blaa blaa blaa, we are fucked, blaa blaa, alphabet agencies are crawling up to sdice's virtual ass... yes, it keeps falling... blaa blaa... Can someone give me a quick summary of this 80 page thread... and the next 80 pages or so will continue with same...

That's pretty funny.

The beauty of a free market: you get exactly what you ask for. As long as you're okay with "someone" === "random idiot" a summary of anything is just a post away.

LOL. Look like "free money" really hit the bulls eye hard and made you squeal. Good! Keep squealing so crickets know when to queue up.

LOL  

[RationalSpeculator]

I'm confused about the limits of bitcoin when it comes to amount of transactions. From the discussion about the blocksize limit it looks like many believe that 1 decentralized cryptocurrency will never be able to support the current amount of banking transactions (and thus will need to become a large transactions only currency). But is that true? I would think that the exponential growth of personal computer power, can keep up with the exponential growth of amount of transactions?

Systems like Ripple and MtGox codes allow bitcoins to be sent between users without actually filling the blockchain. If bitcoins continue to grow, then maybe it will be beneficial to switch SatoshiDice to an account-based system where deposits and withdrawals go on the blockchain but most bets are handled internally. My point is that there will be ways for bitcoins to continue being used in many different ways, systems being built on top of bitcoins are a better option than having a bunch of separate cryptocurrencies.

That's not answering my question.

[Peter Lambert]

I'm confused about the limits of bitcoin when it comes to amount of transactions. From the discussion about the blocksize limit it looks like many believe that 1 decentralized cryptocurrency will never be able to support the current amount of banking transactions (and thus will need to become a large transactions only currency). But is that true? I would think that the exponential growth of personal computer power, can keep up with the exponential growth of amount of transactions?

Systems like Ripple and MtGox codes allow bitcoins to be sent between users without actually filling the blockchain. If bitcoins continue to grow, then maybe it will be beneficial to switch SatoshiDice to an account-based system where deposits and withdrawals go on the blockchain but most bets are handled internally. My point is that there will be ways for bitcoins to continue being used in many different ways, systems being built on top of bitcoins are a better option than having a bunch of separate cryptocurrencies.

That's not answering my question.

Okay, let me try again:

Yes it's true, bitcoins will become a large transaction system (or small transactions if you are willing to pay for the anonominity (wtf is the correct spelling?)).

No it's not true, bitcoins will be able to handle the current amount banking transactions if you include all the support systems built on top of them, the blockchain just is not scaleable to hold the entire system itself.

What this means for SatoshiDice is that they will have to alter their system over time. But that is why they pay so much for technical support, so that they can keep up and running despite systemic changes.

[Abu22]

Okay, let me try again:

Yes it's true, bitcoins will become a large transaction system (or small transactions if you are willing to pay for the anonominity (wtf is the correct spelling?)).

No it's not true, bitcoins will be able to handle the current amount banking transactions if you include all the support systems built on top of them, the blockchain just is not scaleable to hold the entire system itself.

What this means for SatoshiDice is that they will have to alter their system over time. But that is why they pay so much for technical support, so that they can keep up and running despite systemic changes.

Yea, SDice really needs to hurry up and add accounts along side no account betting. That way they can have almost instant win/loss notifications, save on costs with bulk payouts, stop bloating the blockchain so much if people adopt this account shiz niz. Pretty much all other gambling websites (using btc) have done this, yet SD refuses to leave the dark ages of the crypo era.

SD needs, if they wanna stay competitive:
- Accounts / along side their current system
- New games, inclusive of their current game.
- Friendlier UI (It's still just a shit tonne of numbers on a screen)
- Chat features, both text voice and video for certain rooms/games
- BTC related advertisement's. (Yes we all hate ad's, but because Bitcoin is in it's infancy right now it's imperative that we give new business the ability to gain public eye to a community of people more susceptible to seeing value in that business. Extra revenue, along side supporting BTC growth is certainly not a bad thing. I would implore all large and successful Bitcoin companies to implement some sort of unobtrusive advertising block on their site, while allowing them to vet who they deem to be appropriate and charge on the same basis too.

If ANY of these suggestions get implemented I guarantee it will have a positive effect on share prices, SD usage and consumer enjoyment.

Take em' they're free.

[RationalSpeculator]

the blockchain just is not scaleable to hold the entire system itself.

Thanks, why not? (considering the blockchain is able to handle all transactions today, and can scale up exponentially because personal computer power also scales up exponentially)

[Abu22]

the blockchain just is not scaleable to hold the entire system itself.

Thanks, why not? (considering the blockchain is able to handle all transactions today, and can scale up exponentially because personal computer power also scales up exponentially)

Yea, I don't think it's that much of a critical issue of blockchain bloat, considering Internet is getting faster and memory larger and cheaper...However, combating these issues now with easily implementable practices to reduce the dust tx's is a step forward (however I don't really agree with inbuilt 264*? satoshi limit hard coded) ...It's about making easy alternatives that are on par or better than the current methods. 1 satoshi tx's should be allowed but we should minimize where they are needed. 

[Jonny Heggheim]

Yea, SDice really needs to hurry up and add accounts along side no account betting. That way they can have almost instant win/loss notifications, save on costs with bulk payouts, stop bloating the blockchain so much if people adopt this account shiz niz. Pretty much all other gambling websites (using btc) have done this, yet SD refuses to leave the dark ages of the crypo era.

SD needs, if they wanna stay competitive:
- Accounts / along side their current system
- New games, inclusive of their current game.
- Friendlier UI (It's still just a shit tonne of numbers on a screen)
- Chat features, both text voice and video for certain rooms/games
- BTC related advertisement's. (Yes we all hate ad's, but because Bitcoin is in it's infancy right now it's imperative that we give new business the ability to gain public eye to a community of people more susceptible to seeing value in that business. Extra revenue, along side supporting BTC growth is certainly not a bad thing. I would implore all large and successful Bitcoin companies to implement some sort of unobtrusive advertising block on their site, while allowing them to vet who they deem to be appropriate and charge on the same basis too.

If ANY of these suggestions get implemented I guarantee it will have a positive effect on share prices, SD usage and consumer enjoyment.

I disagree, keep it simple! The blockchain need to handle this load, or else Bitcoin will be a useless payment system.

[romerun]

when bitcoin supports messaging along side with transaction, the sd dust should switch to it.

I love to see SD account bet, it's a lot more interactive than blockchain bet. I tried satoshicircle and primedice the other days, I felt like if they have reputation and house money as much SD have, they will kill sdice no doubt, because it's a lot more fun, the result is always instant, although it won't be available to US customers.

[RationalSpeculator]

when bitcoin supports messaging along side with transaction, the sd dust should switch to it.

I love to see SD account bet, it's a lot more interactive than blockchain bet. I tried satoshicircle and primedice the other days, I felt like if they have reputation and house money as much SD have, they will kill sdice no doubt, because it's a lot more fun, the result is always instant, although it won't be available to US customers.

That last point is kind of important...

Sdice on the blockchain is also amazing marketing.

Are these competitors gaining market share?

[romerun]

No idea, they are just two examples of hundreds of these sites, it could be a reason for whales disappearance.

Also, for the Altcoins support, since I don't see it's coming soon maybe forever, we could take the matter in our own hands making an unofficial sdice site, that do the coin conversion before sending it to the offical sdice. It could be optimized to be better than users going thru BTC-e themselves, for example, if user deposits LTC in the system, if there's no BTC available to convert internally, we will send it to BTC-e to convert, then send that BTC to official SDICE, if it's a winning bet, user has option to withdraw BTC out, or exchange it for LTC internally, so that the next LTC transactions do not need to go thru BTC-e over again. Of course the system can support other coins and exchanges as well.

I could make such a site for free as for being a miserably shareholder.