They have paid thousands BTC for dividend:
http://mpex.co/?mpsic=S.DICEMaybe it's just a pump-and-dump trick. Not only the players are fake, they also pretend to be investors. They may just buy 90% of their IPO so the actual dividend they paid is minimal. By pumping the profits, they can sell their shares with very high premium. When they have sold most of their shares, those fake players will disappear.
Thanks for the link.
First off, to my knowledge so far they haven't sent any profits to any shareholders.
I'm afraid to have to inform you that says more about your failure to do even the most basic fact checking than it does about what is going on with S.DICE
I see now that the most recent dividend payment was on Feb 1st and 2nd. I see that the IPO back in August 2012 was 10M out of 100M shares, but I'm not seeing a list of share issues / tranches since then. Is there a list of quantities issued since?
I see your point about fact checking. I wish I could put in enough time to read thread-upon-thread to locate quality info about SatoshiDice more recent than August 2012. In the past, I did have time to browse threads collecting info on the big scams going around (pirateat40) and warn others to the best of my ability. But nobody pays me to do Due Diligence on likely scams, so I appreciate direct links to quality info. Its reassuring both to myself and others who are rightly skeptical.
And secondly, if they do start paying dividends, they could just be paying them from the principal/IPO cost of the shares.
Again, one of the beauties of this business model with Bitcoin is that it is largely transparent. The statistical analysis that is done on a daily basis by someone independent of evoorhees (and can be checked by anyone with the the requisite understandably of how it works) gives us figures that tell us what the monthly profit is. From that it can be calculated approximately what the dividend will be. So if the dividend is paid and it is what is expected I'm failing to see the potential you're claiming for skulduggery.
Like I already said, of course anyone can check the math on the volume of coins which pass through the satoshidice addresses. But it would be quite a bit harder to verify those coins are genuine players and not house funds being spun through.
On the 'insider playing' point, technically you may have a point in that somebody with an interest in inflating the value of the business could be playing the game all the time and getting the losses back as part of their dividend. However this is more likely to have been the case before any shares were made public. The higher the proportion of existing stock is owned publicly, the higher the proportion of the profits made from 'insider playing' that doesn't go back to the player. I'm not saying it's not possible but it is getting less likely.
If they're playing with house funds, any losses go back directly to the house, not through dividends. But you are right that fraud is less likely the longer that dividends are being paid (unless new capital is being raised, which makes fraud more likely).
Also, if the purpose of this whole underhand exercise was to maximise the demand for and the price of the stock why on earth would the Monday tranche of stocks have been put on the market without announcement at ~60% of what they were trading for at the time?
The purpose is maximum gain for the issuer, at whatever price they can sell shares. The price of the stock is only important to the buyers hopeful to resell for gains later.
Question: is that ~60% price less than stated here: "All future share issuance will be made only a) subject to approval by MPEx and b) at a price no less than the higher of the 1 day average price and the 30 day average price then current on MPEx."
2.2. The Terms of the IPO. section aPlease by all means keep up with the scepticism. I guess we're all vulnerable to some degree of getting carried away with excitement, confidence and trust to our own detriment so it is healthy for us all that some here are airing their doubts. However you'd come over as more credible and be of better service to the rest of us if you'd do some fact checking and research first.
Edit: Apologies all for being off-topic but bitcoinBull has been raising this point on a number of threads and I thought should be put right on the most blatantly incorrect aspects (so the casual reader is not misinformed). Maybe bitcoinBull and EskimoBob should start their own thread to put forward the theory that SD is a scam. Their intentions may be good but bringing the same points up repetitively in different threads I'm afraid makes it come across (to me at least) as conspiracy-theory FUD.
I'm also sorry to hijack the thread. I didn't start my own thread for exactly what you mention, that I would prefer to have quality research and fact checking. But that's a huge time sink when most of the info is scattered among various forum threads (another red flag in itself). As for FUD, I don't consider myself a conspiracy-minded individual. You don't see me all over the BFL threads accusing them of fraud (enough BFL doubters already). I called out pirate (and as many of his associates as I had time for) not because of "sour grapes" nor because I get kicks from conspiracy-trolling. I called them out because I was rightly skeptical.
You are right that some SD skeptic (just myself and EskimoBob, anyone else?) should start a consolidated thread. That somebody hasn't already goes to show the gullibility (or willing-to-believe) of many "investors" in bitcoin "Securities".
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