Re: S.DICE - Want a piece of SatoshiDICE? IPO this week before new site launch!
did i read the fine print right, 100,000,000 shares at .0032 or 3,200,00 btc or more than 30 million usd?
that is insane...
that is insane...
So...all the public shares have a total of 10 millions, that's 10% of total shares.
Let's say I buy 1 million shares to get 1% of satoshidice.
1 000 000 x 0.0032 = 3200 BTC.
It costs 3200 BTC to buy 1%.
Expected to have 2700 BTC / month in total profit. 1% of 2700 BTC = 27 BTC.
It cost me 3200 BTC to get 27 BTC / month and it would take me around 118 months to recoup my initial investment, or around 10 years.
I like satoshidice and I appreciate its potential....but I'm not sure at all.
Let's say I buy 1 million shares to get 1% of satoshidice.
1 000 000 x 0.0032 = 3200 BTC.
It costs 3200 BTC to buy 1%.
Expected to have 2700 BTC / month in total profit. 1% of 2700 BTC = 27 BTC.
It cost me 3200 BTC to get 27 BTC / month and it would take me around 118 months to recoup my initial investment, or around 10 years.
I like satoshidice and I appreciate its potential....but I'm not sure at all.
I am convinced you are not a ponzi scheme - mainly because the returns are so unattractive
There is at least 1 clone of SD: http://btcdice.com/
And a "themed" clone of satoshidice: http://satoshiroulette.com/
with the market expected to grow I dont see people ever getting their ROI.
Also Id like to know what bank SD has behind the casino
