Post
Topic
Board Securities
Re: S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx
by
lightbox
on 13/06/2013, 03:51:41 UTC
Let me step back a bit here.

My last few posts were unprofessional. I apologize for the tone. Having a bad day dealing with government bureaucracy =/

I absolutely should have disclosed that there was a betting pool, and that this pool consisted of the loan from me. The reason I did not was because I figured since there was a liability (the loan) and an asset (the 6100 btc in the wallet) the two cancelled out and needn't be mentioned. Obviously this was retarded of me. Again, I apologize. And I understand why such disclosure is so important even if the asset remains there - for situations like this!

I understand also that as a shareholder, being asked to forgo a month of dividends in order to replenish a fund which you didn't know existed is upsetting. I should have recognized this before I posted.

I'll continue with the last plan I mentioned. My dividends for June will be retained by the site for the betting pool. S.Dice holders will receive dividends as normal. I'm sorry for the drama today, I can see it was largely because of me and how I approached the issue and responded to you guys.

Back to work.

If s.dice goes into the red more than collected in the pool will you let it die or will you make a new loan? if you let it die people will come after you with pitched forks.

Also your new plan seems to be in violation of the contract. 100% has to be paid out.

Of course I wouldn't let it die.

The new plan is not in violation of anything. I can pay myself my dividend, and then send that amount to the SD wallet pool. Everyone else will get their dividends like normal, I'm just sending mine back in.



So your dividend (whatever its amount) becomes a new loan? What if its not enough to run the SD betting pool? What if your dividend is, oh, say 6100BTC? (unlikely, but you never know)

SD is paying back your 6100BTC loan, just to take out another loan from you?  or you are personally GIVING SD your dividend? (that doesnt sound like a good deal for you) ?