Re: S.DICE - Want a piece of SatoshiDICE? IPO this week before new site launch!

So it is thus accurate to say that I prefer 32k BTC instead of 10% of SatoshiDICE, but I would not prefer 15k BTC instead of 10% of SatoshiDICE. My investment preference only shifts to the BTC at the 32k for 10% exchange rate. Further, I wouldnt sell another 10% for an additional 32k btc, for at that margin my preference shifts back to SD.

If some portion of the Bitcoin investment world has a matching inverse time preference to to mine, and is thus willing to pay 32k BTC for 10% of SD, then we all have a deal and the exchange is made. Otherwise, my exchange preference and that of the market do not align, and we continue on as we were.

Are you planning to call off this IPO since the second tranche is practically untouched after 24 hrs and the third one should also be released by any moment now? Seems like your conditions above (emphasis mine) are not going to be met.

What price you're going to use when buying back shares? I mean, if someone is now buying in for .0034 and then you decide to cancel the IPO and buy back for .0032 there's immediate 6% loss (plus possible MPEx/GLBSE fees etc). Didn't find a clause for this when glancing over the conditions.

No intention of "calling off" anything. If shares don't get bought, then I get to keep the dividends to myself. No biggie.

Ok. Just thought you might have something particular in mind for which you need exactly 32k (personal or fixed 3.2k budgeted for that ad campaign, now it's only getting 640 btc).

What about those remaining shares, keeping them for sale or removing after certain period of time?

Might even end up buying some shares after all. Wink

Have really mixed feelings about this IPO though, let's see what happens.