Quote from: Chaang Noi (Goat) ช้างน้อย on August 20, 2012, 05:09:44 AM

Quote from: Brunic on August 20, 2012, 05:01:32 AM

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.

yeah, i was like lulz....

Quote from: btharper on August 20, 2012, 05:14:27 AM

Given the figures of 65BTC/day, 10% across all shares, and so on, I got about 0.5%/month return. With your figures I got about 0.8%/mo. I understand that under most business plans 7%/wk is a clear scam, but this seems like the other side of crazy..

Quote from: stabs on August 20, 2012, 05:14:44 AM

SatoshiDICE is worth 320,000 BTC or $3,200,000 at $10/BTC?

Quote from: Bitcoin Oz on August 20, 2012, 05:16:07 AM

It would take a long time to pay off the 20btc it costs to register on MPEX

Quote from: fcmatt on August 20, 2012, 05:21:22 AM

what is stopping someone from coding up a clone of satoshi dice over a weekend and taking a piece of
the pie... thus reducing your profits.

it seems that is a major threat i would love to hear countered.

Quote from: Chaang Noi (Goat) ช้างน้อย on August 20, 2012, 05:23:51 AM

Quote from: fcmatt on August 20, 2012, 05:21:22 AM

what is stopping someone from coding up a clone of satoshi dice over a weekend and taking a piece of
the pie... thus reducing your profits.

it seems that is a major threat i would love to hear countered.

i know of two clones being worked on now, and one for ltc.

its the only reason why iv not started my own yet. however if people buy this stock at this price i will be forced to

Quote from: drakahn on August 20, 2012, 05:25:16 AM

There are clones up and running

I'm working on a variant myself

Quote from: mem on August 20, 2012, 05:28:17 AM

Quote from: Chaang Noi (Goat) ช้างน้อย on August 20, 2012, 04:51:56 AM

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...

Quote from: Brunic on August 20, 2012, 05:01:32 AM

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.

I am convinced you are not a ponzi scheme - mainly because the returns are so unattractive Tongue

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

Quote from: Chaang Noi (Goat) ช้างน้อย on August 20, 2012, 05:44:16 AM

why are the bonds being sold 3200% their stated value in the contract. wont they just free fall after the ipo?

Quote from: boonies4u on August 20, 2012, 06:02:56 AM

Investing in SatoshiDICE actually peaked my interest. These returns are ridiculous though...

0.0033278 BTC for 1/100M of 10%? Are you insane?

Quote from: EskimoBob on August 20, 2012, 08:40:03 AM

Thank the gods that this one did not show up in GLBSE or in any of the other new exchanges that have popped up lately.
20 BTC for opening a account? This is a robbery.

Quote

"Want a piece of SatoshiDICE"

LOL... With a deal like this, you do not get even a piece of SatoshiDICE'es ass hair.
There are better and more noble ways to burn your BTC.

Quote from: freeAgent on August 20, 2012, 01:03:47 PM

Subtracting out one-time costs is a fairly common practice for companies that report non-GAAP statements (though in the real world they must also report GAAP earnings and cannot simply hide one-time costs because they feel like it).

Overall, this seems like a terrible investment idea to me on pretty much all fronts. You're dealing with a non-entity ("unregistered corporation" wtf?) to purchase extremely small amounts of a business that is extremely easy to copy (see Groupon). SatoshiDice appears to currently be a sole proprietorship and will remain so in reality because these "shares" have no voting rights.

These "shares" bear more similarities to a an annuity than they do to actual equity. On top of this, I see nothing resembling an audited financial statement. Proceed at your own, in my opinion extreme, risk.

Quote from: Factory on August 20, 2012, 03:22:16 PM

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.

Quote from: misterbigg on August 20, 2012, 03:52:08 PM

If SatoshiDICE future growth has so little risk and such high potential then why on earth is the owner selling equity instead of selling bonds?

Quote from: chmod755 on August 20, 2012, 04:05:16 PM

This reminds me of the FeedZeBirds asset, which was also a profitable website and after the IPO they seemed to have stopped working on it without paying a single dividend, because other projects became more important Roll Eyes

TL;DR S.DICE is overvalued - company should improve its management

Quote from: wirmola on August 20, 2012, 05:12:19 PM

I would love to have a pice of s.dice, but the deal sucks for everyone else except for you.
And I can't see how the company would keep it's value when bitcoin rallies against the other currencies.. Sad

thumbs down.

Quote from: Shadow383 on August 20, 2012, 11:47:56 PM

They handily dropped by, no need Wink

Frankly, meh, if anyone wants to buy into SD at a >$3 million valuation on an exchange that shares its domain name with a porn/gore site, let them.

I wish them the best of luck finding buyers at that rate. I just don't think it's terribly likely that this IPO will be successful Wink

Quote from: 556j on August 21, 2012, 01:56:57 AM

Quote from: evoorhees on August 21, 2012, 12:16:37 AM

LOL.... well... one of us is using our real world identity to conduct business, at least Wink

Who are you, again?

And LOL is a highly professional term, expressing humor across the web of space that divides us.

Someone that makes many times more than you without having to beg for monies on the forums. Do you really think exposing your real name makes you more respectable? In the real world all that matters is CASH MONEY. Same reason Matthew N. Wright Is a laughing stock with an orange ignore button and Pirate has 50 people defending him. Most profitable bitcoin business is a joke. Have you ever compared your profit to SR, exchanges, or similar? Good luck on your shitty IPO on that shitty exchange, though.

Quote from: Transisto on August 21, 2012, 05:24:50 AM

My train of thought after reading this thread...

Cool satoshiDice IPO..
Wow. way over priced, ~5 000 000 USD$ for this ? ... 10years to payout if nothing fail, or something better come out...
...would I even trust GLBSE ,,, Hmm,,

Then this ... :

Quote from: evoorhees on August 20, 2012, 04:41:12 AM

...
Admitedly, MPEx is a bit more complicated to use than GLBSE.

Here's the FAQ http://polimedia.us/bitcoin/faq.html[/url]

It's run by Mircea Popescu (you can contact him with questions: mircea_popescu on IRC http://webchat.freenode.net/?channels=bitcoin-assets )

facepam moment

Quote from: FAQ

1. Dear Lord, what is this ?

Yes, this is dog.

2. What is an MPSIC ?

Short for Mircea Popescu Standard Identification Code. It's true that it's not very standard, but on the other hand it's very code-y, so it all evens out in the end....

Yeah yeah,,, fuck off , TLDR ... humor into stock exchanges documentation, R U fkin kiddin me ?

Then went to http://polimedia.us/ ... Empty white site with a picture of gypsies...WTF ?

Then learn about 20btc fee,

/*insert slow clap meme here* /

Quote from: drrussellshane on August 21, 2012, 01:14:18 PM

This thread is a freakin' hoot.

and this MPEX place seems totally legit.

lmao

Meanwhile,

Quote

!ticker s.dice
[MPEX:S.DICE] 1day: 0.00449 / 0.00468334 / 0.00478919 (362534 shares, 1,697.87 BTC), 30day: 0.0014 / 0.00341561 / 0.0048 (14083889 shares, 48,105.09 BTC)

So here's the simple truth of the matter: someone sinking 1,000 BTC in S.DICE late August has meanwhile received 97.340735598 BTC in dividends and could have already sold his shares (if he wanted to) for (0.00468334/0.0032)*1000 = 1,463.54375 BTC. This all comes to a 56% return on investment, or 560.884485598 BTC in cold, hard liquid profit. Late August is just about twenty weeks ago.

Someone putting up 20 BTC and getting an MPEx account now has an account worth 30 BTC. That's a 50% ROI also.

You were wrong. All of you quoted here and all the others that I was too bored to fish out. You were wrong.

What now?