940900+ entries in 0.66s
smickles: i mean, we were
talking about
that,
then you
tried
to say
that
the market on S.DICE is evidence of SD's illegality
mjr_: have you found a place
that accepts btc for aluminium foil?
mjr_: who don't understand
TVM
smickles: so
tiberiusiv care
to say why it's illegal?
tiberiusiv: if i was voorhees id be on a plane along
time ago
mjr_: look at its price over
time
mjr_: sdice does
the exact opposite
mjr_: ex dividend means i
trade HIGHEST right before dividend
mjr_: for fucks sake, it
typically
trades its lowest right before divs, and higher right after
smickles: and also,
the market is fickel, ;you can't use
that as evidence
to
their legality
mjr_: lol,
to hold
the majority of people who use btc
to
the level of expertise of a mature market is simply foolish
smickles: i believe
the uncertainty lies elsewhere
smickles: also
there have been concerns about
the higher usd/btc impacting
their volume
tiberiusiv: especially for a proven moneymaker
thats around for about 12months now
mjr_: the point is,
that people who EXPECT
things
to look different in
the future
smickles: yea,
they could have a run of bad luck
mjr_: you say
the market is always right
tiberiusiv: i
told you from
the high dividend yield
mjr_: the one fatal flaw is
this
smickles: tiberiusiv: how do you prove
that
tiberiusiv: mjr: if
the market did not share concerns about sdice
the price would be 2-3x higher.
tiberiusiv: thats all
that matters discussion over
mjr_: this would be a great example of logical fallacies
though if anyone saves
the log
smickles: it wasn't illegal just because
there was a real money market for
the stock
tiberiusiv: as i said,
the market shares my opinion of higher
then normal risk with sdice shares.
smickles: and people would pay actual money for
those shares
mjr_: i'll leave it where kakobrekla was smart enough
to...you don't really know what you are
talking about
Namworld: They're not unlike game currencies.
They're worth nothing, just used in a game. You don't pay
tax on what you earn in a virtual game.
smickles: remember
that site
that allowed
trading 'stock' in any website?
Namworld: If no one
takes it for money,
they're worth nothing. No one backs it.
tiberiusiv: look at
this example. your friend living 10 miles from you, sells chips which can be used at YOUR basement casino far away from him
Namworld: There's nothing in a Bitcoin and no backing. In
that sense,
they're valueless until sold.
mjr_: tiberiusiv: another flawed argument
that causes you
to jump
to another shaky brance
tiberiusiv: btc can be freely exchanged for dollars, just becuase sdice isnt doing
the exchanging doesnt mean anything
Namworld: They're not in
the sense
that people want
to buy
them so you can sell
them. But
there's no one backing Bitcoins.
mjr_: fixed exchange set by and guaranteed by
the issuer
mjr_: the casino BACKS
the value of
the chip
mjr_: see
there is
the non sequitur
Namworld: BTC is virtual
token with no fixed value. Some people happen
to want
to buy it.
They don't have a definite USD value however,
they're just valueless
tokens unbacked by any entity.
smickles: casino chips are provided in an wholly different environment
than Bitcoin
mjr_: actually card
tables are legal
Namworld: They're a proxy for USD for easier use at
the
table
Namworld: Casino chips have a fixed USD value and are sold/bought by
the casino
tiberiusiv: and have someone operate a cashier service in another
town
tiberiusiv: based on
that premise people can run gaming
tables in
their basements using
tokens
mjr_: tiberiusiv:
that you can cash out
through
the casino with
Namworld: I don't consider anything regarding moving Bitcoins illegal and won't until I'm
told
to. For now it's just some virtual
tokens.
mjr_: but pretty sure more
than 10%
tiberiusiv: theres no other BTC firms
that are paying 10%+ a year...
smickles: I really don't
think what SD is doing is illegal, and I'd like
to have a firm grasp of why some people do
mjr_: but yeah, nice comparison
to a NYSE DOW JONES COMPANY
tiberiusiv: i dont get what
that has
to do with anything
mjr_: tiberiusiv: which is like saying it is less liquid
than most pink sheet stocks?
tiberiusiv: sdice is one of
the most liquid btc assets is it not?
mjr_: tiberiusiv: you are assuming financial reporting
that is widespread, and liquidity
that is many orders of magnitude higher
than what we have
tiberiusiv: why? because you are more certain
to recieve
the income from JNJ in
the future
tiberiusiv: thickasthieves: a simple example, a US blue chip like johnson and johnson will
tend
to have a lower dividend yield
then a lesser quality firm
mjr_: think
the point
that
they are making is
that sdice is not converting
the btc for cash
smickles: why isn't it illegal
to play games with wow gold or others like
that?
smickles: tiberiusiv: why is it illegal
to play games with bitcoin?
tiberiusiv: sdice is more profitable
then mpex yet is a less valuable firm for a reason
ThickAsThieves: tib just keeps pointing out
the one
thing no one is mentioniong at
the moment
mjr_: by your logic...with a 0% return on investment...it must be
the best deal ever
mjr_: dividends are not
the most important...
tiberiusiv: kakobrekla: dividend yield signals many
things
mjr_: lol:
the "major player" herein referred
to as
the party of
the first
smickles: tiberiusiv: you know voorhees isn't even
the largest shareholder of SD, right? i
think he owns significantly less
than half
mjr_: similar
to buying bitcoins at $3
kakobrekla: tiberiusiv
the value of
the company is not measured in dividends
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
tiberiusiv: in
theory sdice should be
the most valuable BTC company at
the moment
mjr_: so short
term investors got out
mjr_: and dividends in feb where not
the best
ThickAsThieves: there so many places
to buy sdice, all you need
to do is arb yourself down
to market value
mjr_: it has plunged from 75
to like 40
tiberiusiv: jurov: yes but mpex is valued higher
then sdice with lower profits...
mjr_: you have
to realize
that some people have not made money on SDICE
mjr_: yes...not
to mention...
tiberiusiv: notice how
the dividend yields of
the other bitcoin based business's are nowhere near sdice?
mjr_: i
think your FUD and others ignorance will keep it
trading low for quite a whiloe
smickles: <
tiberiusiv> what cant you comprehend? << i
think
they feel you are misrepresenting what is happening
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
tiberiusiv: voorhees is a US resident operating a US based cashier service
that allows US residents
to gamble on an illegal site