941100+ entries in 0.695s
tiberiusiv: it doesnt matter hes asking for
trouble
tiberiusiv: his name is on BOTH sdice and
the cash in service.
tiberiusiv: bitinstant allows some american
to walk into walmart and fund his sdice
mjr_: if
they could bitcoin is done anyway
mjr_: it uses
the blockchain
tiberiusiv: the point is voorhees is operating
the "cashier" and
the gaming
table with his NAME on it.
mjr_: they can't shut down people playing, we already established
that
mjr_: and who cares about
the players again?
mjr_: from what i understand
they aren't now
mjr_: and
they will not be a part of
that
tiberiusiv: mjr:
the cashin service is not leaving.
mjr_: <tiberiusiv> as long as satoshidice managers are openly operating an illegal casino while having a cashin service in
the United states, and a presence in
the united states satoshidice is not cheap
tiberiusiv: especially since
they openly bragged about
the profits a few months ago
too
tiberiusiv: the operators are known
to authorities at
this point
tiberiusiv: satoshidice would have been 2-3x imo if
the managers stayed fully anonymous
mjr_: tiberiusiv: since as i've said...their won't be anybody in
the US
mjr_: tiberiusiv: AWESOME!
that means in less
than four weeks
their price should skyrocket
tiberiusiv: as long as satoshidice managers are openly operating an illegal casino while having a cashin service in
the United states, and a presence in
the united states satoshidice is not cheap
smickles: currently, legally, from what
their lawyers
think, it's not gambling
smickles: i
think
they launched in ireland because, if in
the future what
they are doing is legally considered gambling,
they can get a license
mjr_: tiberiusiv:
taking on risk
mjr_: tiberiusiv: so i buy
them now...instead of when
they are expensive
mjr_: tiberiusiv: i
think we are on
the same page...they are cheap now, but i expect
them
to become expensive
tiberiusiv: mjr_: ireland has GAMBLING licenses
that you need.
mjr_: tiberiusiv: similar
to investing in med company hoping for drug approval
mjr_: tiberiusiv:
that is
the point
tiberiusiv: mjr: probably if satoshidice obtains a real gaming license
the price will double or
tripple
smickles: tiberiusiv:
the ECB seemd
to
think it was
tiberiusiv: smickes: bitcoin is not in
the category of zynga credits.
tiberiusiv: you only
truely "invest" by buying on primary market ie an ipo
to raise capital for a firm
mjr_: yes, and
the market proves us right or wrong
smickles: last i knew, zynga didn't need
to comply with gambling laws
tiberiusiv: mjr: not
true, when you buy on
the secondary market someone is betting against you by selling
to you.
smickles: and
they see playing sd with bitcoin in
the category of zynga poker with zynga credits
mjr_: and
the price would be frozen
mjr_: the point of investing, iirc, is
to
try
to play on inefficiences, if everyone knew what it was worth...it owuldn't make sense
to buy it for more
smickles: tiberiusiv: yeah, but
they see
the difference between gambling and playing poker with zynga credits
mjr_: tiberiusiv: i
totally agree
mjr_: they can't run healthcare...but
they could prob insert a chip into every american
tiberiusiv: mjr: if satoshidice future was more certain,
the price would reflect it, it doesnt.
tiberiusiv: smickesL: you dont understand
terminology do you? gaming = gambling in what i am referencing...
mjr_: i find it hilarious,
that
the same people who usually decry
the inefficiences of govt
then when convenient say
that
they can literally do anything
they put
their mind
to
tiberiusiv: mjr: well you are breaking
the law anonymously
smickles: tiberiusiv: you mean gambling, right? from what i've read,
the lawyers over
there see playing satoshi dice with bitcoin as a game, not gambling
tiberiusiv: it would
take less
then 30seconds
to prove BTC are exchangable for fiat
tiberiusiv: smickles: BTC can be defined as equivalent
to casino chips.
mjr_: tiberiusiv: and what does it require
to let me download music for free? who licenses
that?
tiberiusiv: smickles: all legal gaming jurisdictions require
the provider
to obtain gaming licenses
smickles: a game of monopoly must fucking suck
to get started
mjr_: now obviously,
the drones are just one step away right
tiberiusiv?
smickles: tiberiusiv: ireland requires a license
to play games?
mjr_: hence making
this stock extremely undervalued
mjr_: ok,
to clarify...i
think
that
the risk
that
the
tin foil hat wearers see is overblwon
mjr_: there are hosts all over
the world
mjr_: i don't
think you can
tiberiusiv: the point is satoshi dice stock can collapse
to 0 in 1 day
tiberiusiv: mjr: his assets werent unfrozen, and he losts
tens of millions
tiberiusiv: thats what matters he still lost
tens of millions
tiberiusiv: mjr: European union has agreements with
the US.
tiberiusiv: smickles:
they are licensed in ireland?
mjr_: we have jurisdiction
to seize irish property now?
benkay: and any stockholder
they can
track down
they can arguably nail
to
the wall
tiberiusiv: mjr:
the US government can seize
the server in ireland.
smickles: <
tiberiusiv> yes because its an illegal gambling site. <<< iirc, it's a legal irish gaming company
mjr_: there is nothing in
the US
to lock up
mjr_: remember...only
the server is in ireland
benkay: nope,
the humans who can log into
the server.
mjr_: lock up
the server?
tiberiusiv: its not
the wildwest like carribean islands
tiberiusiv: please read
the laws before you spout BS
benkay: not necessarily
true of
the humans behind it
mjr_: different risk profiles and we can leave it at
that
tiberiusiv: if satoshi dice was double in price
the dividend yield would be 15%
mjr_: i'll
take my chances i suppose
mjr_: and
they won't be here
mjr_: they have done at
this point...oh yeah nothing
mjr_: that
they will not be here very much longer
tiberiusiv: voorhees should have never been a memeber of
the cash in service as well
mjr_: but i
think it is already well known
mjr_: not sure
the exact
time frame
mjr_: which
they won't be for even 4 weeks
tiberiusiv: breaking numerous US laws in
the process
tiberiusiv: especially when key executives are inside
the US.
mjr_: you don't get half of
the volume by not being popular
tiberiusiv: the bigger
they get
the larger
the
target on
them
mjr_: i have a lot of faith in
the long
term prospects of
that company
tiberiusiv: thickasthieves: imo if
their wasnt so much uncertainty with sdice its price would be 2-3x higher
mjr_: well,
that is happening
ThickAsThieves: would be nice
to see some development or promotion for sdice again
tiberiusiv: gaming jurisdictions provide licenses
to firms