Satoshi Dice Buy out: 126,315 BTC! Payout to be released to share holders!

[chriswilmer]

If this deal hits mainstream news, I bet that will raise a lot of eyebrows from investors (seeing that they missed this huge opportunity).

[ColdHardMetal]

I don't know what's so complicated about question 1.

126 315/0.00126315=100 000 000

100 000 000*0.0035=350 000 000

350k BTC.

I think the number you want is:

13 000 000 x 0.0035 = 45 500
87 000 000 x 0.00126315 = 109 894.05

For a total of 155 394.05

[N12]

Im not sure whether you interpret Eric's statement right;
there are 100M shares.
EACH share is valued @ 0.00126315 BTC
100M*0.00126315 BTC=126315 BTC

So this is the maximum sum of BTCs to be released in this trade.

ONLY MPEX holders will be paid an additional .00223685 BTC per share bringing the total to 0.0035 BTC per MPEX share.
This bonus has to come out of other share's pockets. Not sure how the shares on Havelock investment are treated or if Eric pays this extra out of his part of the deal but I guess the new owners wont pay double the price Eric stated the shares are worth.

That sounds right, actually. Does anyone know how many of those particulare shares there are?

edit: Thanks CHM, looks like 13 million then.

[chufchuf]

What if the buyer is an established casino firm that wanted to get into the Bitcoin game? If that's the case, then they would've been accumulating beforehand and have been responsible for some of the buying pressure. This would now be gone, along with 350k coins released on the market.

I smell blood.

But what about when, in the past, you said price was driven by miners desperate to sell, not by investors accumulating? Doesn't this mean we can get our time machine out of the closet and cancel out Blitz because the past Blitz is not saying the same as present Blitz? Is this the title of new movie Back to the Blitz: Timezone Accumulatrix? The new Blitz paradigm- more economy always drops price because BTC receiver is by nature as desperate to sell as a miner- Buyers of BTC only exist when they've bought something off someone desperate to exchange it to USD.

[sunnankar]

or if Eric pays this extra out of his part of the deal

Erik is taking a pretty decent hit. But the end result is the other investors have been treated very well. At the end of the day Erik is making a pretty penny off the entire thing.

[JimboToronto]

>>> The payout will occur in roughly 20 increments over a period of several hours <<<

Here's a crazy idea:

If they don't already have that many coins together, what if they were to buy between the increments, thereby keeping their cost down and the price generally stable?

[Logik]

ONLY MPEX holders will be paid an additional .00223685 BTC per share

There are only MPEX shares.

The operators of pass throughs on the various exchanges all hold MPEX shares.

On a different note, if the new SD owners had to purchase BTC to buy this, does that explain the recent rise back near 100?

[Spekulatius]

>>> The payout will occur in roughly 20 increments over a period of several hours <<<

Here's a crazy idea:

If they don't already have that many coins together, what if they were to buy between the increments, thereby keeping their cost down and the price generally stable?

yeaaahh, no. If they would (which is a clever idea anyway), they would have to have a deal with the exchanges in advance (prob. MtGox) to raise their withdraw threshold up to 155k BTC/day. Dont know what the current threshold is for Trusted accounts?

[Frozenlock]

Also:

"Hey everyone, we are going to buy 120k+ BTCs, please don't jack up the price, mkay?"

 

[freedomno1]

No release on the new buyer or info my reply went unanswered so it will be interesting to see who is the new player in the gambling game
Out of left field

(Well I had suspicions on Havelock activity but that was a legit trade with bad timing EH being offline for nearly a month however was something noticeable but still it caught me by surprise personally)

so what's left on MPEX? Except MPEX shares? So MPEX is officially a Ponzi now? 

Not technically but they might need to finally give in and start getting AM shares
Heck mpex has money they could just fold and give their remaining offerings to the other exchanges

[chsados]

Jumping to conclusions much?

Why would s.dice holders receiving modest payouts dump their dicidends all at once?

They're not releasing all $160 to one person you know.

"The sky is falling, the sky is falling!"
^ THIS is what depresses the price, and it's YOUR fault.

There are 100 million shares, so it's 350k BTC, and they're to be released tomorrow within a few hours:

This letter is being posted roughly 24 hours prior to the payout, at which point MPEX holders will receive .0035 BTC per share plus the small additional amounts mentioned above. […] The payout will occur in roughly 20 increments over a period of several hours

The sky isn't falling, the sun is exploding and it's consuming the earth. Goodbye.

edit: Nvm, I read you wrong. Of course they won't dump their dividends all at once. Just a fraction.

How did you ever become a mod?

[Voodah]

Hmmm.....

I think the number you want is:

13 000 000 x 0.0035 = 45 500
87 000 000 x 0.00126315 = 109 894.05

For a total of 155 394.05

Just watching the charts... $65 - 104 was 150k BTC rally...

[dexX7]

1. Those coins to buy SD are already bought.

2. Those coins will be bought tomorrow.

3. Current holders invest in other assets.

4. Current holders sell their coins.


Well.. 2 3 uber positive, 1 negative and 1 neutral.. I call that quite positive news.

Edit:

5. Giant media attention incoming.

[Chalkbot]

Jumping to conclusions much?

Why would s.dice holders receiving modest payouts dump their dicidends all at once?

They're not releasing all $160 to one person you know.

"The sky is falling, the sky is falling!"
^ THIS is what depresses the price, and it's YOUR fault.

There are 100 million shares, so it's 350k BTC, and they're to be released tomorrow within a few hours:

This letter is being posted roughly 24 hours prior to the payout, at which point MPEX holders will receive .0035 BTC per share plus the small additional amounts mentioned above. […] The payout will occur in roughly 20 increments over a period of several hours

The sky isn't falling, the sun is exploding and it's consuming the earth. Goodbye.

edit: Nvm, I read you wrong. Of course they won't dump their dividends all at once. Just a fraction.

How did you ever become a mod?

Compared to the last mod of this subforum, Blitz is an angel from heaven.

[BitPirate]

Jumping to conclusions much?

Why would s.dice holders receiving modest payouts dump their dicidends all at once?

They're not releasing all $160 to one person you know.

"The sky is falling, the sky is falling!"
^ THIS is what depresses the price, and it's YOUR fault.

There are 100 million shares, so it's 350k BTC, and they're to be released tomorrow within a few hours:

This letter is being posted roughly 24 hours prior to the payout, at which point MPEX holders will receive .0035 BTC per share plus the small additional amounts mentioned above. […] The payout will occur in roughly 20 increments over a period of several hours

The sky isn't falling, the sun is exploding and it's consuming the earth. Goodbye.

edit: Nvm, I read you wrong. Of course they won't dump their dividends all at once. Just a fraction.

How did you ever become a mod?

Compared to the last mod of this subforum, Blitz is an angel from heaven.

I think you are confusing the words "angel" and "troll"

[Chalkbot]

Jumping to conclusions much?

Why would s.dice holders receiving modest payouts dump their dicidends all at once?

They're not releasing all $160 to one person you know.

"The sky is falling, the sky is falling!"
^ THIS is what depresses the price, and it's YOUR fault.

There are 100 million shares, so it's 350k BTC, and they're to be released tomorrow within a few hours:

This letter is being posted roughly 24 hours prior to the payout, at which point MPEX holders will receive .0035 BTC per share plus the small additional amounts mentioned above. […] The payout will occur in roughly 20 increments over a period of several hours

The sky isn't falling, the sun is exploding and it's consuming the earth. Goodbye.

edit: Nvm, I read you wrong. Of course they won't dump their dividends all at once. Just a fraction.

How did you ever become a mod?

Compared to the last mod of this subforum, Blitz is an angel from heaven.

I think you are confusing the words "angel" and "troll"

Hehe, fair enough. Troll from heaven.

[kingcrimson]

or if Eric pays this extra out of his part of the deal

Erik is taking a pretty decent hit. But the end result is the other investors have been treated very well. At the end of the day Erik is making a pretty penny off the entire thing.

He is doing that to prevent some angry shareholder from coming after him, no real choice. I wouldn't say investors were treated fairly though. Pretty much every one of them comes out having wasted their time and money. Vorhees is the only one who benefitted from this endeavor.

[sunnankar]

He is doing that to prevent some angry shareholder from coming after him, no real choice. I wouldn't say investors were treated fairly though. Pretty much every one of them comes out having wasted their time and money. Vorhees is the only one who benefitted from this endeavor.

Not true. From an investor's point of view I do not think it is very reasonable to use the BTC as numeraire due to its lack of capital pools and incredible volatility. Pretty much anyone who bought between April 2012 and March 2013 who have held for the long-term have had tremendous returns using the USD as numeraire.

[Melbustus]

What if the buyer is an established casino firm that wanted to get into the Bitcoin game? If that's the case, then they would've been accumulating beforehand and have been responsible for some of the buying pressure. This would now be gone, along with 350k coins released on the market.

I smell blood.

Ummm......if an established casino firm was serious enough about bitcoin to buy SD, that would be INCREDIBLY bullish for bitcoin. Missing the forest for the trees, man.

[Cluster2k]

126k btc for Satoshi Dice?  Well done, nice sale.

I remember visiting Satoshi Dice around two years ago when it was still a pretty plain site.  Now... "The Ghost of Satoshi will roll the dice".  LOL!  Well done to whoever wrote that gem.  Anyone who is influenced by that into parting with their bitcoins deserves to gamble them away.