So with the BTC rallying up, S.DICE is valued at ... 1 000 000 000 * .0062 = BTC6200000 @ $30 | $18,6000,000
Is this high? low? about right?
Hmm...I dunno. Just because BTC is at $30+ does not mean you can do calcs like that. Is it extremely valuable, yes. But to extrapolate like that, just does not make sense. Think about it a minute.
I thought it was only 100 million shares total, not a billion?
Even so, how does valuing a company in USD (or any currency that a Bitcoin can be converted to)
not make sense? Just because they operate in Bitcoins doesn't mean we can't do some quick math to figure out their "real world" worth...
It all depends on how you're looking at it. Some available assets can produce a mostly predictable % dividend each month (in BTC). If you start comparing those assets to assets that have a dwindling % due to USD influence, then the picture gets clearer.
On the flip side, there's nothing stopping SDICE dividends from skyrocketing if more whales decide to play, or, if an influx of normal players comes along. It's a gamble!