1030900+ entries in 0.698s
Azelphur: which is...well I could get
that in a FDIC insured bank.
Azelphur: based on my math of putting 150 BTC in at
the first IPO, at current numbers I stand
to make 15 BTC a year.
Azelphur: hmm,
the numbers don't seem
to look very good unless satoshidice grows drastically
DeaDTerra: the bonds will be sold and purchased as a 1:1 ratio so no fees
there
Azelphur: I suppose
technically he is a shareholder if he keeps 90% of
the company for himself
Azelphur: that seems
to conflict with "100% of
the net profits are distributed as dividends
to shareholders"
BTC-Mining: So it's around 10% per year or something like
that I
think?
smickles: yeah, Azelphur 90% of profits stay with evoorhees because only 10% is released
to
the public
BTC-Mining: Indeed, you can only buy up
to 10% of
the profits
Azelphur: satoshidice confuses me a bit,
they earn 33k btc yearly, 100% of
the net profits are distributed as dividends, so how does
the people running it make any money? also it says further down
that you can only buy 10% of
the company, does
that not mean
that you only have access
to 10% of
the profits?
smickles: DeaDTerra: i haven't looked at your shareholder agreement, is
taking a cut of
the divident
the only way you plan
to be compensated?
DeaDTerra: It
took me 1 hours
to sign up on Mpex as I am retarded with encryption,
the reason why I did it was not for a quick buck but
to give a service
to
the community :)
DeaDTerra: I paid 8 BTC
to setup
the GLBSE and 20 BTC
to Setup
the MPex
then I will pay
trade fees on both GLBSE and Mpex as well as
transfer fees for
the BTC
transfer :)
Azelphur: I'd hate
to invest in another bitcoinica :p
Azelphur: does anyone know if satoshidice has a secure arch? do
they keep
the majority of funds in an offline wallet etc?
smickles: DeaDTerra:
that's a good question. did you have
to pay 8btc
to set it up?
rg: not even for
the easy ones
rg: i cant seem
to win with
the small bets
rg: i lost a couple .5 ones
tho
DeaDTerra: seems like I am getting some shit for
the admin fee, what would be a more appropriate admin fee?
smickles: (i placed it here b/c it's off
topic in
that
thread)
smickles: DeaDTerra: i just wanted
to point
that out
to you since it seemd
to be a question
DeaDTerra: Okay cool, I don't like automated
though xD I like manual :)
BTCHero: i get
that it pays what isn't paid
to a and b but surely
there aren't many investments over 2%
BTCHero: What does nyanc do now
that pirate is gone
rg: just seems silly
to me
rg: glad i dont have
the guts for
that
rg: i was including a
transaction
that wasnt satoshidice
rg: i counted wrong
the first
tmie
rg: you're
talking about something else
mircea_popescu: in
the end
they'd hate on
tarantino if he brought
them naked uma
thurman
mircea_popescu: lmao so now
the forum people are hating on DeaDTerra for making
them a passthrough
rg: then
they changed
the %
rg: i wonder how much
they wion
mircea_popescu: EmanuelDeOrtego
they could in principle lose
the house, who's
to say someone doesn't get lucky on
the 64k x
thing 18 million
times in a row
EmanuelDeOrtego: Are you
talking about
that woman who
thinks not being entitled
to birth control is a war against women?
rg: i better lose
this bet
rg: ok
this is
the last
time im betting
rg: and i know
that if yuo love me so
rg: but i do know
that i love you
rg: dont know much about
the french i
took
rg: EmanuelDeOrtego:
the only proper way
to win
rg: minus
the other 35 btc i earned
rg: yeah im going
to lose bitvps by losing 1 btc
EmanuelDeOrtego: Evoorhees looks Jewish so I would
trust
that guy with anything.
mircea_popescu: rg is on a god given quest
to suffer from all possible addictions
copumpkin: rg:
the laws of probability say
that if you keep
trying, you'll lose it all again :)
that's how casinos are made of gold and shit like
that
rg: theres
thousands of BTC
rg: have you seen
the buys listed?
rg: what's with
the less
than 1
rg: i just did
the same bet 4
times in a row
rg: thanks for
the 20 btc
smickles: wtf
time of
the day is "the 28th Eastern
time."
mircea_popescu: sooner or later people will realise
the value of revenue stream in deflationary currency.
rg: as even
their webste says
they pay out 99% of profit
rg: i
think its interesting everyone wants
to invest in satoshidice
gabbynot: i'm staying out of
that game - i don't know either way
kakobrekla: i
think we should not be using past
tense since
there are still ipo shares
to be bought
mircea_popescu: for
the record, i never mined, because of either being lazy or not
thinking im good at it, whichever you prefer.
agath: if you aren't good in doing it
then why do you need
to
tell
that it sux?