[BF and BTCT] Gamma SatoshiDICE Pass Through

[Nefario]

Already up something like 30%

[1715676502]

1715676502

[evoorhees]

LOL where is DeaDTerra he needs to be passing through more shares, the price shouldn't be spiking like this

[Bitcoin Oz]

LOL where is DeaDTerra he needs to be passing through more shares, the price shouldn't be spiking like this

It will be funny if the passthrough sells more of the  shares than the exchange the IPO is listed on does 

[DeaDTerra]

LOL where is DeaDTerra he needs to be passing through more shares, the price shouldn't be spiking like this

It will be funny if the passthrough sells more of the  shares than the exchange the IPO is listed on does 

I sleepy sleepy xD
I have placed more shares now and I will start the backing
//DeaDTerra

[DeaDTerra]

Okay I am currently buying the backing from MPex and everything is going fine so far
I will keep buying backing as the GSDPT shares get's bought up.
Yet again sorry for the delay, and I will do my best to avoid delays in the future.
Enjoy your shares!
//DeaDTerra

[burger]

Thanks for another nice service!

[Fizzgig]

While the first 10 million shares are sold, your job is just to put up a sell wall at the current IPO price. Once no more shares are to be sold, will you then just issue dividends? Also, will the two stocks then trade freely, thus creating arbitrage opportunity? And will no more shares be issued at that point until more shares are sold by Erik himself?

I just want to make sure my vision of the way this stock works aligns with the way it actually works in reality. Thanks!

[DeaDTerra]

Current amount of GSDPT sold: 268,139
Current amount of S.DICE held in backing: 278,008
//DeaDTerra

[DeaDTerra]

While the first 10 million shares are sold, your job is just to put up a sell wall at the current IPO price. Once no more shares are to be sold, will you then just issue dividends? Also, will the two stocks then trade freely, thus creating arbitrage opportunity? And will no more shares be issued at that point until more shares are sold by Erik himself?

I just want to make sure my vision of the way this stock works aligns with the way it actually works in reality. Thanks!

Yes I will pay the dividend for GSDPT it will be 95% of that of S.DICE.
This is true indeed, it will create arb opportunities. I will sell GSDPT shares if I have enough backing, if I decide to buy more from MPex and issue more shares on GLBSE, I will do such.
//DeaDTerra

[Fizzgig]

Put a link to the GSDPT in the first post. Put the mpex link below it, clearly seen, maybe bold it, on their own lines. Keep up the good work, what day of the month are dividends distributed?

[DeaDTerra]

Put a link to the GSDPT in the first post. Put the mpex link below it, clearly seen, maybe bold it, on their own lines. Keep up the good work, what day of the month are dividends distributed?

Okay will do
It will be paid as according to the contract within 48 hours after S.DICE does it.
//DeaDTerra

[DeaDTerra]

A dividend of 28.996 BTC has been paid out !
This is a bonus dividend from Evorhees to say thank you to all the early share holders
I am going to put up another wall of shares for whoever that wants to buy in.
//DeaDTerra

[Fizzgig]

Thanks!

[lenny_]

This was a "bonus" dividend then.
So how often and how much (estimate) regular dividends will be like?

[DeaDTerra]

This was a "bonus" dividend then.
So how often and how much (estimate) regular dividends will be like?

The bonus dividend was the profit from August, the dividend will be paid each month and will be proportional to the profit S.DICE has made during that month
//DeaDTerra

[Carnth]

This was a "bonus" dividend then.
So how often and how much (estimate) regular dividends will be like?

Dividends are paid every month.

And, you can estimate the amount of the dividends yourself. Here's how:

Dooglus has been tracking the wins/loss of every bet made on SatoshiDICE each day in this thread. (Check the last posts) He does this by tracking the bets through the blockchain.

Next add up the profits for the month. These profits MINUS expenses (server upkeep, salary, etc.) will be the entire stock dividend.

Then divided by 100,000,000 shares of stock. (Note: only 10,000,000 share are available to the public, the rest are held privately.)
Now you have the dividend per share.

Remember, GSDPT keeps an additional 5% of the dividend.


As an example:
August 2012 profits MINUS expenses were: BTC7,861.57

Profit divided by 100,000,000 = 0.0000786157  dividend per share

GSDPT keeps 5%, so after that the dividend per share would be:
0.000074684915

[DeaDTerra]

This was a "bonus" dividend then.
So how often and how much (estimate) regular dividends will be like?

Dividends are paid every month.

And, you can estimate the amount of the dividends yourself. Here's how:

Dooglus has been tracking the wins/loss of every bet made on SatoshiDICE each day in this thread. (Check the last posts) He does this by tracking the bets through the blockchain.

Next add up the profits for the month. These profits MINUS expenses (server upkeep, salary, etc.) will be the entire stock dividend.

Then divided by 100,000,000 shares of stock. (Note: only 10,000,000 share are available to the public, the rest are held privately.)
Now you have the dividend per share.

Remember, GSDPT keeps an additional 5% of the dividend.


As an example:
August 2012 profits MINUS expenses were: BTC7,861.57

Profit divided by 100,000,000 = 0.0000786157  dividend per share

GSDPT keeps 5%, so after that the dividend per share would be:
0.000074684915

Indeed that is correct
2012-09-06 00:57   28.99436064   388248   0.00007468
//DeaDTerra

[Fizzgig]

Just take a look at how many shares you own, divide by 100 million. Figure out the percent of Satoshi Dice you own and then look at Doog's chart. Look at the total profit at the start date of last dividend, find the difference between that and the current date. Then find your share, that will be your dividend.

Think of it this way. If you own 1 million shares, you own 1% of the profits. Say the amount of money made by the site in 1 month is 4500 bitcoins. Your dividend will be 45 bitcoins for that month.

[Bugpowder]

I am happy to report that DeaDterra has rolled over my shares from GSDPT to S.DICE with no trouble.  Took a little less than one day to complete the transfer.  I'm a satisfied customer.

[DeaDTerra]

another 100,000 shares has been issued and is now for sale
We have broken the 500,000 shares point.
We now owe 5% out of the 10,000,000 shares ^^
//DeaDTerra