Post
Topic
Board Securities
Re: S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx
by
miscreanity
on 02/05/2013, 20:50:21 UTC
The problem is when new expenses pop up without an explanation. Why was the IP rights charge only applied this month? SatoshiRoller was introduced months ago. How are you calculating the services / fees paid?

This is about transparency, not about wanting satoshidice to run off no expenses.

Yes, transparency is a key factor of investment, but SD shares are non-voting.

Quote
2.2. The Terms of the IPO.

(a)The representatives of SatoshiDice have elected to divide SatoshiDice into 100`000`000 (one hundred million) equal non-voting shares with a total equity value of 10`000 BTC (0.0001 BTC each).

Source: MPEx SatoshiDice prospectus

The policies of the business therefore remain the matter of the operators, not the shareholders. Whatever disclosures are made will be done so at the discretion of said operators; it effectively remains a privately-operated company.

If there is disagreement with how SD is being run, the available options are to either not buy shares, or sell currently-held shares. Discussion regarding SD is an entirely separate matter; i.e. existing shareholders weigh the benefits of holding vs. selling without having say in how the business is run, while potential investors analyze the past, present, and future value (including deciding whether surrounding discussion is legitimate or superfluous) to arrive at a decision.

As for the custom client, does it afford a direct method of acquiring BTC through BitInstant? Such an app might even have an easier time passing Apple approval, since it wouldn't involve an exchange, but simply an in-app purchase. Also, while a Bitcoin exchange rate increase might be detrimental to the Bitcoin-denominated SD share value, I see a custom client having the potential to grow faster than the deflationary effect - at least for a little while after the client hits a full-featured production release.