Spaceman_Spiff
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₪``Campaign Manager´´₪
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July 18, 2013, 01:01:20 AM |
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Even 126k BTC is crazy for such a simple piece of software which has gone nowhere for months.
It seems we think alike .
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Rampion
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July 18, 2013, 01:01:52 AM |
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SatoshiDice is being sold, in full, to a new company that will take over all ownership, operations, and management. The total sale price is 126,315 BTC, or 0.00126315 BTC per share.
According to the MPEX Agreement, MPEX holders are entitled to receive 0.00126315 BTC per share, alongside other private owners. However, for the good of the MPEX holders and for the sake of the general Bitcoin community, which the site always has intended to support and nurture, SatoshiDice has arranged to pay MPEX holders an additional .00223685 BTC per share bringing the total to 0.0035 BTC per share.
I inferred 350k based on that, since there are apparently 100 million shares. 350k BTC seems to be an insanely huge number. SatoshiDice is no small fish. Well, some action at last. "The Great Coin Distribution" is approaching.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 18, 2013, 01:01:52 AM |
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N12
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July 18, 2013, 01:02:50 AM |
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350k BTC seems to be an insanely huge number. Fuck it, even 120k is an insanely huge number for a simple website like satoshi dice. That's 1% of all current bitcoins for a concept that anybody can copy I see it the same. For this reason, I'm beginning to favor this scenario: https://bitcointalk.org/index.php?topic=258066.msg2751829#msg2751829
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JimboToronto
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You're never too old to think young.
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July 18, 2013, 01:08:19 AM |
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Isn't Eric the largest shareholder, and unlikely to dump them quickly, if at all?
While some shareholders may dump, I suspect the sell-off won't be as big as some people anticipate. The kind of people who buy shares in an enterprise like Satoshi Dice are often either Bitcoin faithful (more likely to hoard) or gamblers (more likely to bet on the more volatile currency). Yes, there will probably be some dip, but not enough to say goodbye to $100 for more than a few days.
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Rampion
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July 18, 2013, 01:08:34 AM |
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350k BTC seems to be an insanely huge number. Fuck it, even 120k is an insanely huge number for a simple website like satoshi dice. That's 1% of all current bitcoins for a concept that anybody can copy I see it the same. For this reason, I'm beginning to favor this scenario: https://bitcointalk.org/index.php?topic=258066.msg2751829#msg2751829The buyer may well be an established online casino. That would be actually good news, SD needs some big improvement. Its also possible they have been accumulating, the BTC sum they need is big.
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N12
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July 18, 2013, 01:10:30 AM |
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Yes, there will probably be some dip, but not enough to say goodbye to $100 for more than a few days.
Just a few months. I'm afraid many people are in severe denial about the effects of this. I'll be enjoying the "cheap bitcoins!" screams soon.
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CMMPro
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July 18, 2013, 01:12:58 AM |
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I've kept some fiat ready for the next drop....if it has to come, we will persist.
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Voodah
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July 18, 2013, 01:13:03 AM |
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350k BTC seems to be an insanely huge number. Fuck it, even 120k is an insanely huge number for a simple website like satoshi dice. That's 1% of all current bitcoins for a concept that anybody can copy I see it the same. For this reason, I'm beginning to favor this scenario: https://bitcointalk.org/index.php?topic=258066.msg2751829#msg2751829Still makes no sense. 120k btc = 12 million dollars for a simple website that can be developed for a tiny fraction of the cost, generates little to no revenue and currently stale, with lots of competition popping up. If big casino owners know one thing, it's not to give money away. Something's fishy here.
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N12
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July 18, 2013, 01:15:35 AM |
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You think so? Brand and domain might have been worth it to them in addition to the code. Remember they are already generating profits. I don't know much of the gambling business however, and not of SatoshiDice either.
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Rampion
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July 18, 2013, 01:16:13 AM |
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350k BTC seems to be an insanely huge number. Fuck it, even 120k is an insanely huge number for a simple website like satoshi dice. That's 1% of all current bitcoins for a concept that anybody can copy I see it the same. For this reason, I'm beginning to favor this scenario: https://bitcointalk.org/index.php?topic=258066.msg2751829#msg2751829Still makes no sense. 120k btc = 12 million dollars for a simple website that can be developed for a tiny fraction of the cost, generates little to no revenue and currently stale, with lots of competition popping up. If big casino owners know one thing, it's not to give money away. Something's fishy here. Well, SD is the absolute market leader. 50% of the transactions on the blockchain are theirs. That has a value. But still I agree that 120k btc is crazy money, and 350k its pure madness (totally unbelievable IMO).
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Rampion
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July 18, 2013, 01:18:34 AM |
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You think so? Brand and domain might have been worth it to them in addition to the code. Remember they are already generating profits. I don't know much of the gambling business however, and not of SatoshiDice either.
Check this then (very interesting thread to follow): https://bitcointalk.org/index.php?topic=80312.1560Example of how is it going this month so far. Total of 24 bets unaccounted for.
Results: 2013-Jul-16 12:42pm (up to block 246908)
Address Target Should Win | #Bets | Win | Lose | Refunds | BTC In | BTC Out | Refund | Profit | RTP ---------------------------------------------------------------------------------------------------------------------------------------------- 1dice9wVt 64000 0.97656 | 25426 | 23023 (0.97866) | 502 | 1901 | 26603.74 | 26164.46 | 241.51 | 439.27 | 98.349 1diceDCd2 60000 0.91553 | 193335 | 176016 (0.91540) | 16268 | 1051 | 93427.14 | 92114.33 | 2.82 | 1312.81 | 98.595 1dicegEAr 56000 0.85449 | 112158 | 95311 (0.85627) | 15999 | 848 | 92457.26 | 91521.79 | 401.51 | 935.47 | 98.988 1dicec9k7 52000 0.79346 | 119581 | 94300 (0.79378) | 24499 | 782 | 75268.98 | 73418.24 | 1188.46 | 1850.74 | 97.541 1dice9wcM 48000 0.73242 | 507677 | 372172 (0.73465) | 134429 | 1076 | 336272.64 | 328185.66 | 6173.68 | 8086.97 | 97.595 1dice97EC 32768 0.50000 | 905115 | 451052 (0.49945) | 452046 | 2017 | 798114.52 | 776529.14 | 6524.75 | 21585.38 | 97.295 1dice8EMZ 32000 0.48828 | 1426831 | 695370 (0.48810) | 729279 | 2182 | 988063.13 | 968517.81 | 3003.07 | 19545.32 | 98.022 1dice7W2A 24000 0.36621 | 341536 | 125136 (0.36723) | 215625 | 775 | 605381.40 | 596553.60 | 1014.04 | 8827.80 | 98.542 1dice7fUk 16000 0.24414 | 363687 | 88548 (0.24406) | 274270 | 869 | 417745.53 | 402519.94 | 2323.71 | 15225.59 | 96.355 1dice7EYz 12000 0.18311 | 150615 | 27436 (0.18303) | 122461 | 718 | 188541.71 | 188869.29 | 3315.59 | -327.58 | 100.174 1dice6YgE 8000 0.12207 | 277875 | 33946 (0.12248) | 243204 | 725 | 147836.19 | 147994.99 | 307.35 | -158.79 | 100.107 1dice6wBx 6000 0.09155 | 70897 | 6422 (0.09136) | 63869 | 606 | 19951.31 | 20899.15 | 7.85 | -947.83 | 104.751 1dice6GV5 4000 0.06104 | 43065 | 2647 (0.06210) | 39980 | 438 | 8269.12 | 8222.48 | 31.52 | 46.63 | 99.436 1dice6gJg 3000 0.04578 | 34552 | 1578 (0.04639) | 32440 | 534 | 11222.72 | 11920.27 | 40.52 | -697.54 | 106.215 1dice6DPt 2000 0.03052 | 122699 | 3716 (0.03041) | 118486 | 497 | 77810.49 | 74090.88 | 155.74 | 3719.60 | 95.220 1dice61SN 1500 0.02289 | 29229 | 665 (0.02310) | 28129 | 435 | 8185.82 | 8736.31 | 15.39 | -550.48 | 106.725 1dice5wwE 1000 0.01526 | 188862 | 2885 (0.01534) | 185222 | 755 | 57953.66 | 53732.54 | 31.32 | 4221.11 | 92.716 1dice4J1m 512 0.00781 | 43212 | 337 (0.00795) | 42056 | 819 | 8585.16 | 6997.57 | 10.42 | 1587.58 | 81.508 1dice3jkp 256 0.00391 | 29236 | 119 (0.00413) | 28663 | 454 | 6156.95 | 8717.39 | 13.38 | -2560.43 | 141.586 1dice37Ee 128 0.00195 | 24246 | 44 (0.00186) | 23648 | 554 | 2483.10 | 1603.41 | 57.56 | 879.69 | 64.573 1dice2zdo 64 0.00098 | 33752 | 36 (0.00109) | 33127 | 589 | 2281.70 | 1750.87 | 117.25 | 530.83 | 76.735 1dice2xkj 32 0.00049 | 36338 | 17 (0.00047) | 35840 | 481 | 1782.40 | 1911.50 | 1.67 | -129.09 | 107.243 1dice2WmR 16 0.00024 | 27629 | 5 (0.00018) | 27113 | 511 | 951.67 | 606.99 | 22.28 | 344.68 | 63.782 1dice2vQo 8 0.00012 | 28304 | 5 (0.00018) | 27728 | 571 | 669.20 | 434.20 | 15.55 | 235.00 | 64.884 1dice2pxm 4 0.00006 | 16219 | 2 (0.00013) | 15654 | 563 | 242.32 | 320.54 | 18.89 | -78.21 | 132.278 1dice1Qf4 2 0.00003 | 14147 | 0 (0.00000) | 13529 | 618 | 199.71 | 0.59 | 31.53 | 199.12 | 0.296 1dice1e6p 1 0.00002 | 169768 | 4 (0.00002) | 166841 | 2923 | 2216.26 | 4485.65 | 198.71 | -2269.39 | 202.398 ---------------------------------------------------------------------------------------------------------------------------------------------- small (bets < 4 BTC) | 5195129 | 2140284 | 3030867 | 23978 | 982565.01 | 964391.24 | 381.73 | 18173.77 | 98.150 big (bets >= 4 BTC) | 140862 | 60508 | 80040 | 314 | 2996108.94 | 2932428.47 | 24884.47 | 63680.46 | 97.875 ---------------------------------------------------------------------------------------------------------------------------------------------- | 5335991 | 2200792 | 3110907 | 24292 | 3978673.96 | 3896819.72 | 25266.20 | 81854.23 | 97.943 ----------------------------------------------------------------------------------------------------------------------------------------------
SD Profit before fees: 81854.23941543 BTC (2.057%) Cumulative Fees Paid: 4613.71077500 BTC SD Profit after fees: 77240.52864043 BTC (1.941%) Pending Liabilities: 1.01526382 BTC Final SD Profit: 77239.51337661 BTC (1.941%) Profit This Month: 189.06436327 BTC ---- Since Satoshi Dice started, there have been: Blockchain Tx: 17874656 : SatoshiDice Tx: 9801901 (54.8%) Blockchain MB: 7875.6 : SatoshiDice MB: 4048.9 (51.4%) [/quote]
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N12
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July 18, 2013, 01:21:55 AM |
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Seems solid enough to be. Someone could calculate P/E ratios although I'm sure it's been done by people looking to buy shares in the past. Might well be worth 12 million USD at least.
Anyway, I don't think it that important to speculate on this rather than the effect of the BTC on the market.
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Rampion
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July 18, 2013, 01:23:32 AM |
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Seems solid enough to be. Someone could calculate P/E ratios although I'm sure it's been done by people looking to buy shares in the past. Might well be worth 12 million USD at least.
Anyway, I don't think it that important to speculate on this rather than the effect of the BTC on the market.
Short term? down. But pretty excited for this news overall, if its an established casino it could be a global boost for BTC.
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solex
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100 satoshis -> ISO code
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July 18, 2013, 01:24:25 AM |
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189 BTC proft in 1/2 month, so only 27 years to recover the investment. Then free money for the new owners. Woohoo!
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Frozenlock
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July 18, 2013, 01:26:13 AM |
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189 BTC proft in 1/2 month, so only 27 years to recover the investment. Then free money for the new owners. Woohoo!
Those who made that deal could become salesman for heat pumps!
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Rampion
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July 18, 2013, 01:28:52 AM |
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189 BTC proft in 1/2 month, so only 27 years to recover the investment. Then free money for the new owners. Woohoo!
Have you read the SD statystical analysis thread and looked at the monthly profit charts? Big losing strike from 9 to 14 July. Variance. And still BTC77,239.51 total profit so far. At the beginning of 2013, total profit was at aprox. BTC32,000. Do the math and let me know again.
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Frozenlock
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July 18, 2013, 01:30:07 AM |
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So, how are we going to refer to the ensuing price drop?
SatoshiDiceddon?
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Rampion
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July 18, 2013, 01:37:01 AM |
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So, how are we going to refer to the ensuing price drop?
SatoshiDiceddon?
I really invite you check the SatoshiDice statistical analysis thread, you will see how incredible were the profits during the bubble inflation, people gambled like there was no tomorrow. Tens of k's of BTC profit per month. If this buyout is true is probably the biggest investment ever in the Bitcoin economy, and its not pure speculation. Its big big news, guys.
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notme
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July 18, 2013, 01:41:00 AM |
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So, how are we going to refer to the ensuing price drop?
SatoshiDiceddon?
I really invite you check the SatoshiDice statistical analysis thread, you will see how incredible were the profits during the bubble inflation, people gambled like there was no tomorrow. Tens of k's of BTC profit per month. If this buyout is true is probably the biggest investment ever in the Bitcoin economy, and its not pure speculation. Its big big news, guys. ASICMiner is trading at a market cap of 172k BTC
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