Here is the problem:
- S.DICE is pricing themselves like a "real-world" IPO, and being potentially optimistic about their growth potential
- Bitcoin investors expect 1-7%/week return and don't care about the underlying business.
I believe there are many of us who actually care regarding underlying businesses.
However, they still must be appropriately priced. A 10 P/E ratio in the BTC world is flat out crazy.
There are real concerns here:
-A fully audited financial statement.
-An easily replicated business model.
-Massive risk regarding BTC on a whole (as much as I am a proponent of BTC, we have to acknowledge it is very risky.)
-Many other seen and unforeseen risks.
In my mind, as of right now, this IPO appears to be very unattractive.