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mjr_: ok...with 5 market participants...how well can we do price discovery
mjr_: for fucks sake, it typically trades its lowest right before divs, and higher right after
mjr_: lol, to hold the majority of people who use btc to the level of expertise of a mature market is simply foolish
mjr_: although btc has gone down
mjr_: well dollar value of bets has been increasing if i remember correctly\
mjr_: abnormally high is subjective
mjr_: the point is, that people who EXPECT things to look different in the future
mjr_: it is not perfectly liquid
mjr_: the market is not perfectly efficient
mjr_: you say the market is always right
mjr_: the one fatal flaw is this
mjr_: straw man arguments
mjr_: this would be a great example of logical fallacies though if anyone saves the log
mjr_: i'll leave it where kakobrekla was smart enough to...you don't really know what you are talking about
mjr_: tiberiusiv: another flawed argument that causes you to jump to another shaky brance
mjr_: a chip is issued by a casino
mjr_: another distinction
mjr_: fixed exchange set by and guaranteed by the issuer
mjr_: the casino cannot say "those chips are worth 30
mjr_: the casino BACKS the value of the chip
mjr_: see there is the non sequitur
mjr_: since poker is a game of skill in a lot of jurisdictions
mjr_: actually card tables are legal
mjr_: once weekly with your mates?
mjr_: hint hint...they do, it's called poker night
mjr_: tiberiusiv: that you can cash out through the casino with
mjr_: mpoe might be around 10% a year...not sure
mjr_: cavirtex already doubled for some
mjr_: but pretty sure more than 10%
mjr_: also...your returns are decided by what YOU payed
mjr_: but yeah, nice comparison to a NYSE DOW JONES COMPANY
mjr_: tiberiusiv: which is like saying it is less liquid than most pink sheet stocks?
mjr_: tiberiusiv: also...investor savvy
mjr_: tiberiusiv: you are assuming financial reporting that is widespread, and liquidity that is many orders of magnitude higher than what we have
mjr_: think the point that they are making is that sdice is not converting the btc for cash
mjr_: by your logic...with a 0% return on investment...it must be the best deal ever
mjr_: look at march...0 dividends
mjr_: dividends are not the most important...
mjr_: lol: the "major player" herein referred to as the party of the first
mjr_: from what i've read
mjr_: he also isn't an owner of bitinstant
mjr_: similar to buying bitcoins at $3
mjr_: and who see your FUD for what it is...know that this is a bargain
mjr_: those who appreciate the fact that anyone with that much market share and that great profit margin CAN"T be that cheap
mjr_: so short term investors got out
mjr_: march divs will prob be non-existent
mjr_: and dividends in feb where not the best
mjr_: it has plunged from 75 to like 40
mjr_: you have to realize that some people have not made money on SDICE
mjr_: yes...not to mention...
mjr_: till good news sstarts coming out
mjr_: i think your FUD and others ignorance will keep it trading low for quite a whiloe
mjr_: there is no one who OWNS bitinstant who also OWNS SDICE
mjr_: the point is this... tiberiusiv constantly casts doubt about things, but usually has logical flaws that are obvious...when confronted, he finds other doubts...also flawed
mjr_: or are the people who OWN the broker dealer operating it
mjr_: tiberiusiv: i work at a broker dealer...am i operating a broker dealer?
mjr_: operating is a strong word
mjr_: and they don't operate here
mjr_: tiberiusiv: most casinos run the gaming table and the cashier
mjr_: but i think both mpex and sdice survive
mjr_: i don't know about 0
mjr_: tiberiusiv: obviously
mjr_: nyse would be just fine
mjr_: ok...so if 33% of the stocks traded on nyse left tomorrow
mjr_: but if they fail miserably...the exchange would still be fine...
mjr_: thought they were a good investment
mjr_: the exchange they trade on...which is the most restrictive
mjr_: guys, such a stupid point
mjr_: thank god no one has ever thought to tell the fbi about them
mjr_: i was under the assumption this whole conversation that the feds were aware of satoshi dice
mjr_: you men they don't know yet?
mjr_: LOL tipping them off? i thjought they had the swat team ready
mjr_: ThickAsThieves: just another non sequitur
mjr_: that is why you diversify
mjr_: tiberiusiv: the point is that management is prob the deciding factor in bitcoin ventures
mjr_: its not by any stretch my best performer
mjr_: i'm not in love with it
mjr_: you should sell now
mjr_: that is so irrational
mjr_: opinions are like assholes