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massivebitman
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July 18, 2013, 11:09:57 AM |
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WTF, does this make good business sense???
126,315 BTC
That's $11 million dollars at the current rate..,
What is the turnover of Satoshi dice?
That sound's ludicrous, think I could make a much better investment with 11 Mil
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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CMMPro
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July 18, 2013, 11:18:37 AM |
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All this discussion about a major casino etc. is all bullshit until more info is released...if we ever find out anything about the "new" owner.
I'm still not convinced that he sold it for that much, it may be just a play to privatize the business.
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qwk
Donator
Legendary
 Offline
Activity: 3542
Merit: 3411
Shitcoin Minimalist
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July 18, 2013, 11:40:45 AM |
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WTF, does this make good business sense???
126,315 BTC
That's $11 million dollars at the current rate..,
What is the turnover of Satoshi dice?
That sound's ludicrous, think I could make a much better investment with 11 Mil
2005, flickr, a profitless website, just 13 months old, sold for $ 35 Million 2006, Twitter, a profitless website with less than 5000 users, just 3 months old, sold for $ 5 Million 2006, YouTube, a profitless website that consisted mainly of copyright violating content, just 18 months old, sold for $ 1.65 Billion I think I could have made a much better investment with $ 1.65 Billion. |
Yeah, well, I'm gonna go build my own blockchain. With blackjack and hookers! In fact forget the blockchain.
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RationalSpeculator
Sr. Member
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Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
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July 18, 2013, 04:07:35 PM
Last edit: July 29, 2013, 07:14:14 PM by RationalSpeculator |
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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. It's not all great though. People that bought in March 2013 have payed around 40 million USD for the company, while it was only sold for 30 million USD (mpex shares) when it was announced. That's a loss of -30% in just a few months. It must hurt even more for those that sold their shares for market price the past months. You can't hardly blame them not to hold for the long term since Erik showed signs of serious neglect towards the business and turnover (in USD) was stagnating and even taking a serious nosedive this month of July. They sold mostly around 20 million USD, taking a loss of -50% in USD from the high in March and a loss of -33% compared to the price payed today. Considering around 5 millions shares have been sold in the month right before the buyout the above category of people who have USD loss is likely larger than presented here. Even though Erik negotiated a very good price for mpex holders, this company had much more potential. |
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zachcope
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July 18, 2013, 04:44:02 PM |
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Why is this site worth so much?
Completely easy to replicate.
Are bitcoiners so degenerate in their gambling?
It's not even poker.
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TraderTimm
Legendary
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Activity: 2408
Merit: 1121
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July 18, 2013, 05:09:32 PM |
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Jumping to conclusions much?
Why would s.dice holders receiving modest payouts dump their dividends all at once?
They're not releasing all BTC126k to one person you know.
"The sky is falling, the sky is falling!"
^ THIS is far more likely to depress the price, and it's YOUR fault. Judging by this thread, you guys probably know that well.
*edited for auto-incorrect
The sky isn't falling - price is. Keep convincing yourself that this action is coincidence, rationalization is a powerful thing. |
fortitudinem multis - catenum regit omnia
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Pale Phoenix
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July 18, 2013, 05:29:55 PM |
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It's not all great though...
As usual, excellent analysis. Thanks. |
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RationalSpeculator
Sr. Member
Offline
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
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July 18, 2013, 05:36:20 PM |
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It's not all great though...
As usual, excellent analysis. Thanks. Thank you Pale, really appreciate that  |
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Kazu
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July 18, 2013, 06:52:02 PM |
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Watch as its all an elaborate ruse and then I laugh.
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deepceleron
Legendary
Offline
Activity: 1512
Merit: 1028
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July 18, 2013, 07:03:39 PM |
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Why is this site worth so much?
Completely easy to replicate.
Are bitcoiners so degenerate in their gambling?
It's not even poker.
Why are the bitcoins used to buy the site worth so much? Completely easy to replicate. Think about this too much, and you can ask the same of most companies. AOL was worth $350 *Billion* dollars to Time Warner? Huffington Post was worth $315 Million to AOL? Just as much nonsense. |
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Logik
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July 18, 2013, 11:52:34 PM |
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Why is this site worth so much?
Completely easy to replicate.
Are bitcoiners so degenerate in their gambling?
It's not even poker.
You've never studied business or accounting have you? Google 'goodwill'. |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 19, 2013, 12:58:21 AM |
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Why is this site worth so much?
Completely easy to replicate.
Are bitcoiners so degenerate in their gambling?
It's not even poker.
You've never studied business or accounting have you? Google 'goodwill'. Unless your Abu ^_^ |
Believing in Bitcoins and it's ability to change the world
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btc237ftw
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July 19, 2013, 02:18:11 AM |
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so............ is the price going to jump? I read some people say that the buy of this huge amount of BTC will accrue within a few hours... Then again, I read some people say that the BTCs for the buyout were already bought... So... which is it?! |
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vokain
Legendary
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Activity: 1834
Merit: 1019
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July 19, 2013, 02:23:51 AM |
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so............ is the price going to jump? I read some people say that the buy of this huge amount of BTC will accrue within a few hours... Then again, I read some people say that the BTCs for the buyout were already bought... So... which is it?! likely the coins were already bought/steadily accumulated |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 19, 2013, 02:23:55 AM |
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so............ is the price going to jump? I read some people say that the buy of this huge amount of BTC will accrue within a few hours... Then again, I read some people say that the BTCs for the buyout were already bought... So... which is it?! Second one price will jump where ever the bitcoins go |
Believing in Bitcoins and it's ability to change the world
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Spekulatius (OP)
Legendary
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Activity: 1022
Merit: 1000
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July 19, 2013, 02:24:19 AM |
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so............ is the price going to jump? I read some people say that the buy of this huge amount of BTC will accrue within a few hours... Then again, I read some people say that the BTCs for the buyout were already bought... So... which is it?! <smirk/> They couldnt possibly buy everything up now, because there are not enough BTCs on MtGox's order book to satisfy the demand (135k BTC!). There are currently jus under 120k BTC in ASK orders on the book. |
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vokain
Legendary
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Activity: 1834
Merit: 1019
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July 19, 2013, 02:24:53 AM |
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who is the buyer!!!!  |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 19, 2013, 02:26:58 AM |
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who is the buyer!!!! That is speculation they don't plan on telling us for a while |
Believing in Bitcoins and it's ability to change the world
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btc237ftw
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July 19, 2013, 02:28:00 AM |
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They couldnt possibly buy everything up now, because there are not enough BTCs on MtGox's order book to satisfy the demand (135k BTC!). There are currently jus under 120k BTC in ASK orders on the book. Smart observation! |
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