[CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx

[sunnankar]

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.

[Bugpowder]

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.

[dooglus]

(we have a NET profit of over 70000BTC since dooglus started calculating the finances... and somehow, of that 70000BTC, we don't have enough in the pool all of a sudden?

I'm a few hours behind on this thread, but my reports are from the start of satoshidice, not since I started posting reports.

[Rampion]

I'd like to buy SD shares. Is there any way to buy them not going through MPOE?

[madmax_ger]

I'd like to buy SD shares. Is there any way to buy them not going through MPOE?

yes, here you go https://bitfunder.com/asset/G.SDICE

[freedomno1]

I'd like to buy SD shares. Is there any way to buy them not going through MPOE?

yes, here you go https://bitfunder.com/asset/G.SDICE

Also havelock and btct

[lightbox]

I'd like to buy SD shares. Is there any way to buy them not going through MPOE?

https://www.havelockinvestments.com/fund.php?symbol=SDICE

[🏰 TradeFortress 🏰]

I'd like to buy SD shares. Is there any way to buy them not going through MPOE?

yes, here you go https://bitfunder.com/asset/G.SDICE

No fees pushing to your MPEx account vs an insane fee on Havelock.

[burnside]

I'd like to buy SD shares. Is there any way to buy them not going through MPOE?

yes, here you go https://bitfunder.com/asset/G.SDICE

No fees pushing to your MPEx account vs an insane fee on Havelock.

Shameless exchange plug... Also worth checking out:

https://btct.co/security/GSDPT   (DeaDTerra, same issuer/contract as G.SDICE on BF)
https://btct.co/security/S.DICE-PT  (Namworld)

[freedomno1]

Just means all the exchanges follow this thread and the popcorn drama sitcom that happens now and then as well  
Please don't fire the phasers at me  

[Abu22]

Ok, I think the people are finally waking up to how badly this whole business, not just this situation is being managed.

So please Erik,
take some time to both consider some of the suggestions put forward by the community (1), providing your reasoning why/why not you choose to accept or deny them; And give us all an idea of where you're steering this - What are the current developments in working and what are their expected time frames.

These are not unreasonable requests and undoubtedly will improve your public reception. If we can just see some evidence showing you're not going at this whole thing blind folded, we'll instill some confidence in the long term prospects of this endeavour.

(1)
- Unobtrusive Text advertisements/s. I gurantee there is a market for other business' wanting to plug a simple link to a high traffic BTC related site such as SD. The time-frame, advertisees and placement of course is up to you. An auction nearing the end of each time frame would be the simplest way to calculate the demand/charge cost for the ad. This provides both a source of income (That could go towards the betting pool instead of dividends) AND helps establish other btc companies trying to get some exposure to the exact crowd they want/need (btc users). I'm not usually one for supporting advertisements, but in this instance it is so clearly a smart move for all those involved. If any other members here support or dislike this idea, I urge you construct an intellectual response , not a forum sliding waste of space - "yea do that! / no that's shit!".
( A sample of how this has already been implemented in another site is here, in the top left. Generating ~100 btc a month: http://bitcoinity.org/markets? )

-A dual system of account-less play and pseudo accounts (like PrimeDice (as much as I don't want to support the visibility of a real competitor)); These psudo accounts work simply with a user defined cashout wallet and a server defined play wallet...you can instantly deposit to the play wallet but Once you press cash-out, it will only send once the conditions are met (deposit has x confirmations for a amount of x btc). Additionally, the method of defining the odds you want / payout ratio is far superior. I would definitely suggest innovating on that idea. (There is no need to leave the veil of complexity and confusion by using the 0-64000 set. Of course for Authentication and result calculation you can still use them and give means to access them by users, but they should be represented as a decimal-ed percentage 99.25%...Anything more is undue complexification.

-Opt-in/opt-enabled CHAT. Giving users who wish to socialize whilst gaming the option and ability to, while leaving those who wish not to alone. Even a complex chat system is not difficult to implement ( I built one from scratch in my second year of Uni) ..I can't think of any good reason not to pioneer this idea. (I'm sure your I.T guys are itching to do something other than nothing? maybe penetration, bug, load testing?) ---Example chat, but not exactly as I'm describing === https://btc-e.com/

-Alt games. Yes the simplicity of SD has it's appeal. But one should not only eat rice, there are many different flavours out there..Many better and more appealing than 'rice'. Implemented as straight forward coupled with accounts. (blackjack, video poker, roulette, war etc.) - These can work standalone per user or on the same virtual table for a far more realistic social experience) -always opt-enabled/disabled

-Alt currencies: By all means, game the system a little and buy a bulk of coins before the announcement of plans to implement alt coins. You can let it create it's own betting pool over time by limiting the max bets etc until it can sustain higher level. The benifits of this would be increased traffic from miners who have little to do with their coins but gamble,hold or sell.

-The lifting of the overly cautious American user barring. (Of course, comply to these restrictions if and when they become present)

- A site redesign competition with a prize (in exchange for full ownership rights to the design)



Lonewolfing this operation initially started well for you, but these string of events these last past months are not showing an signs of encouragement towards a  favorable future...

Erik and others, please voice your thoughts and opinions of the above...Ensuring not to make any 'I'm an uneducated dick with an (unfounded) opinion' style posts.

P.S.
Erik, the announcement and inexplicit costs are still awaiting your (or the PR's, lolololol) appropriate explanation.

[nubbins]

I'd like to buy SD shares.

 

[lightbox]

I'd like to buy SD shares. Is there any way to buy them not going through MPOE?

yes, here you go https://bitfunder.com/asset/G.SDICE

No fees pushing to your MPEx account vs an insane fee on Havelock.

If people can afford 30BTC fee to open an mpex account, they can afford a 1BTC fee to push assets to it. I wouldn't call that 'insane'.

[nubbins]

If people can afford 30BTC fee to open an mpex account, they can afford a 1BTC fee to push assets to it. I wouldn't call that 'insane'.

+1! havelock is great, nothing but good experiences with them. deposits show up after only 1 confirmation, no buying fees and minimal selling fees.

i accidentally sold 250 ASICM shares in the middle of the night because of an ancient ask that i'd forgotten about, and the fee was equivalent to the price of 1 share. not too shabs.

[Abu22]

Rampion and nubbins, kindly stfu. This isn't your twitter feed, nor is it a place to discuss the various exchanges. The question of where SD shares can purchased has be answered (Even though that too is not a question appropriate for this thread. If this thread could be found, then so can the pass-through threads in the securities section too...also Google achieves the same)... Tired of seeing the degeneracy in peoples understanding of how a forum works. see- https://asktom.cf/index.php?topic=217081.0

Shameless self repost to re-align this derailing on the glorious page 93.

Ok, I think the people are finally waking up to how badly this whole business, not just this situation is being managed.

So please Erik,
take some time to both consider some of the suggestions put forward by the community (1), providing your reasoning why/why not you choose to accept or deny them; And give us all an idea of where you're steering this - What are the current developments in working and what are their expected time frames.

These are not unreasonable requests and undoubtedly will improve your public reception. If we can just see some evidence showing you're not going at this whole thing blind folded, we'll instill some confidence in the long term prospects of this endeavour.

(1)
- Unobtrusive Text advertisements/s. I gurantee there is a market for other business' wanting to plug a simple link to a high traffic BTC related site such as SD. The time-frame, advertisees and placement of course is up to you. An auction nearing the end of each time frame would be the simplest way to calculate the demand/charge cost for the ad. This provides both a source of income (That could go towards the betting pool instead of dividends) AND helps establish other btc companies trying to get some exposure to the exact crowd they want/need (btc users). I'm not usually one for supporting advertisements, but in this instance it is so clearly a smart move for all those involved. If any other members here support or dislike this idea, I urge you construct an intellectual response , not a forum sliding waste of space - "yea do that! / no that's shit!".
( A sample of how this has already been implemented in another site is here, in the top left. Generating ~100 btc a month: http://bitcoinity.org/markets? )

-A dual system of account-less play and pseudo accounts (like PrimeDice (as much as I don't want to support the visibility of a real competitor)); These psudo accounts work simply with a user defined cashout wallet and a server defined play wallet...you can instantly deposit to the play wallet but Once you press cash-out, it will only send once the conditions are met (deposit has x confirmations for a amount of x btc). Additionally, the method of defining the odds you want / payout ratio is far superior. I would definitely suggest innovating on that idea. (There is no need to leave the veil of complexity and confusion by using the 0-64000 set. Of course for Authentication and result calculation you can still use them and give means to access them by users, but they should be represented as a decimal-ed percentage 99.25%...Anything more is undue complexification.

-Opt-in/opt-enabled CHAT. Giving users who wish to socialize whilst gaming the option and ability to, while leaving those who wish not to alone. Even a complex chat system is not difficult to implement ( I built one from scratch in my second year of Uni) ..I can't think of any good reason not to pioneer this idea. (I'm sure your I.T guys are itching to do something other than nothing? maybe penetration, bug, load testing?) ---Example chat, but not exactly as I'm describing === https://btc-e.com/

-Alt games. Yes the simplicity of SD has it's appeal. But one should not only eat rice, there are many different flavours out there..Many better and more appealing than 'rice'. Implemented as straight forward coupled with accounts. (blackjack, video poker, roulette, war etc.) - These can work standalone per user or on the same virtual table for a far more realistic social experience) -always opt-enabled/disabled

-Alt currencies: By all means, game the system a little and buy a bulk of coins before the announcement of plans to implement alt coins. You can let it create it's own betting pool over time by limiting the max bets etc until it can sustain higher level. The benifits of this would be increased traffic from miners who have little to do with their coins but gamble,hold or sell.

-The lifting of the overly cautious American user barring. (Of course, comply to these restrictions if and when they become present)

- A site redesign competition with a prize (in exchange for full ownership rights to the design)



Lonewolfing this operation initially started well for you, but these string of events these last past months are not showing an signs of encouragement towards a  favorable future...

Erik and others, please voice your thoughts and opinions of the above...Ensuring not to make any 'I'm an uneducated dick with an (unfounded) opinion' style posts.

P.S.
Erik, the announcement and inexplicit costs are still awaiting your (or the PR's, lolololol) appropriate explanation.

[adamstgBit]

SDICE appears to be on sale

what going on? profits are down? is the company going down the drain? good investment opportunity?

[Peter Lambert]

SDICE appears to be on sale

what going on? profits are down? is the company going down the drain? good investment opportunity?

Looks like we have tentatively settled on "good investment opportunity", but the jury is still out.

[miscreanity]

Ok, I think the people are finally waking up to how badly this whole business, not just this situation is being managed.

...

Very reasonable. In conjunction with sunnankar's suggestions, SD could see a potent revival. All that's needed is action.

[RationalSpeculator]

SDICE appears to be on sale

what going on? profits are down? is the company going down the drain? good investment opportunity?

Growth has been weak the past months. Even though the dividend of this month is on target to become the biggest ever, over $600,000, this is due to luck as the expected earnings based on btc bet amount is only $300,000.

Current share price at 0,0020 gives 18% dividend based on estimated earnings, or P/E of 5. Since inception this P/E has been on average 6.

[Rampion]

Rampion and nubbins, kindly stfu. This isn't your twitter feed, nor is it a place to discuss the various exchanges. The question of where SD shares can purchased has be answered (Even though that too is not a question appropriate for this thread. If this thread could be found, then so can the pass-through threads in the securities section too...also Google achieves the same)... Tired of seeing the degeneracy in peoples understanding of how a forum works. see- https://asktom.cf/index.php?topic=217081.0

Shameless self repost to re-align this derailing on the glorious page 93.

Ok, I think the people are finally waking up to how badly this whole business, not just this situation is being managed.

So please Erik,
take some time to both consider some of the suggestions put forward by the community (1), providing your reasoning why/why not you choose to accept or deny them; And give us all an idea of where you're steering this - What are the current developments in working and what are their expected time frames.

These are not unreasonable requests and undoubtedly will improve your public reception. If we can just see some evidence showing you're not going at this whole thing blind folded, we'll instill some confidence in the long term prospects of this endeavour.

(1)
- Unobtrusive Text advertisements/s. I gurantee there is a market for other business' wanting to plug a simple link to a high traffic BTC related site such as SD. The time-frame, advertisees and placement of course is up to you. An auction nearing the end of each time frame would be the simplest way to calculate the demand/charge cost for the ad. This provides both a source of income (That could go towards the betting pool instead of dividends) AND helps establish other btc companies trying to get some exposure to the exact crowd they want/need (btc users). I'm not usually one for supporting advertisements, but in this instance it is so clearly a smart move for all those involved. If any other members here support or dislike this idea, I urge you construct an intellectual response , not a forum sliding waste of space - "yea do that! / no that's shit!".
( A sample of how this has already been implemented in another site is here, in the top left. Generating ~100 btc a month: http://bitcoinity.org/markets? )

-A dual system of account-less play and pseudo accounts (like PrimeDice (as much as I don't want to support the visibility of a real competitor)); These psudo accounts work simply with a user defined cashout wallet and a server defined play wallet...you can instantly deposit to the play wallet but Once you press cash-out, it will only send once the conditions are met (deposit has x confirmations for a amount of x btc). Additionally, the method of defining the odds you want / payout ratio is far superior. I would definitely suggest innovating on that idea. (There is no need to leave the veil of complexity and confusion by using the 0-64000 set. Of course for Authentication and result calculation you can still use them and give means to access them by users, but they should be represented as a decimal-ed percentage 99.25%...Anything more is undue complexification.

-Opt-in/opt-enabled CHAT. Giving users who wish to socialize whilst gaming the option and ability to, while leaving those who wish not to alone. Even a complex chat system is not difficult to implement ( I built one from scratch in my second year of Uni) ..I can't think of any good reason not to pioneer this idea. (I'm sure your I.T guys are itching to do something other than nothing? maybe penetration, bug, load testing?) ---Example chat, but not exactly as I'm describing === https://btc-e.com/

-Alt games. Yes the simplicity of SD has it's appeal. But one should not only eat rice, there are many different flavours out there..Many better and more appealing than 'rice'. Implemented as straight forward coupled with accounts. (blackjack, video poker, roulette, war etc.) - These can work standalone per user or on the same virtual table for a far more realistic social experience) -always opt-enabled/disabled

-Alt currencies: By all means, game the system a little and buy a bulk of coins before the announcement of plans to implement alt coins. You can let it create it's own betting pool over time by limiting the max bets etc until it can sustain higher level. The benifits of this would be increased traffic from miners who have little to do with their coins but gamble,hold or sell.

-The lifting of the overly cautious American user barring. (Of course, comply to these restrictions if and when they become present)

- A site redesign competition with a prize (in exchange for full ownership rights to the design)



Lonewolfing this operation initially started well for you, but these string of events these last past months are not showing an signs of encouragement towards a  favorable future...

Erik and others, please voice your thoughts and opinions of the above...Ensuring not to make any 'I'm an uneducated dick with an (unfounded) opinion' style posts.

P.S.
Erik, the announcement and inexplicit costs are still awaiting your (or the PR's, lolololol) appropriate explanation.

No one is reading your brain farts, do you realize that, bro?