Post
Topic
Board Securities
Re: S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx
by
Bugpowder
on 14/06/2013, 04:24:30 UTC
Let me step back a bit here.

My last few posts were unprofessional. I apologize for the tone.

...

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.

I think one of the root causes here is a failure to properly and professionally apply double-entry bookkeeping and standard accounting principles.

I think spending $500-750 per month to have your attorney hire a CPA (that way the CPA's work is protected by attorney client privilege) to do the books for SD would be a great benefit to yourself and for the shareholders. Plus, the Google Doc can be formatted and presented in a much more professional manner. And you should be outsourcing this rather menial work, which you seem to be fairly incompetent at, anyway just like you outsource the programming work, etc.

A second issue would be to raise the BTC pool as it should be large and growing and on the balance sheet anyway. It will be a little tricky to do this and properly apply double-entry bookkeeping principles to be in compliance with the MPEx IPO contract terms but I think it should be possible.

It's over dude. I know you were a believer too. Cash out while you still can.  In bitcoin, if it smells like a scam 100% of the time it is a scam.

I keep trying to figure out alternative explanations for the whale-bot betting patterns, the timing of the secondary sale and now the final cash squeeze. The only thing that makes perfect sense is what I laid out above. IPO recycling. First rule of bitcoin, trust nobody.  Erik has cashed out over $5,000,000 from S.DICE.  He is good at crafting the respectable, reasonable email.  For $5,000,000 I could craft some good ones too.