Post
Topic
Board Securities
Re: S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx
by
Korbman
on 20/05/2013, 14:48:29 UTC
lol, they could make a killllllllllinnnngggg if Erik bought tonnes of LTC, creates SDice Litecoin addon, sell LTC.

Hypothetical situation...

EV adds the option to play SD with Litecoins. In the first month, the site makes a profit of 40,000 LTC...but what does Erik do with it?

Suppose he decides he likes Bitcoin a bit better and wants to convert the LTC profit to BTC. Do you really think the Litecoin markets can handle a dump of 40,000 coins at one time? [HINT: The answer is 'no'] ..or what if Erik becomes a bit nefarious? The amount of Litecoins he'd have on hand would surely be enough to manipulate the market at any time given LTC volumes aren't nearly that much compared to Bitcoin.

Introducing exchange risk into your business is a terrible idea.