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...
Math fail. It's 320,000 btc, or about 3.2m USD. This puts it at 10x p/e based on current earnings and assuming zero growth.
I agree sorry for the quick mistake, but still. The numbers are way out of line to anything in the industry other than that odd exchange itself. No you guys are not apple.
Do not get my wrong, I hope you guys sell out, it would be nice to know people are willing to wait 15 years to break even. I just sadly do not think that is realistic right now. We will see.
Wait 15 years to break even... what are you talking about?
If SatoshiDICE didn't grow at all (which it will) and you were never able to sell the share (which you can), then it would take about 10 years to break even.
Since the site will grow, and since you can sell your share whenever, the equation changes substantially. A conservative estimate with a doubling of site revenue within 2-3 years means you'd have made 100% within 1-2 years because the stock price would double to maintain the same 10x p/e valuation. The attractiveness of such an investment to professional investors should be apparent.
While a P/E of 10 for a growth company is attractive as a normal investment, a 10 P/E ratio just isn't attractive at all in the world of bitcoin finance. The risks greatly bring down any reasonable P/E ratio, just look at any super high risk company on any major market. Those with growth are still prices in single digit P/Es most of the time. Bitcoin, as of right now, is much riskier than that, therefor companies based in bitcoin should have P/Es to match.
If the IPO had a reasonable valuation, I would give it more thought. Right now a 10 P/E is inappropriate for nearly any BTC based venture.