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- Feed Preview With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders : Bitcoin
/u/Perish_In_a_Fire on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
I think they'll find out the hard way when pools start to ignore their transactions. Some already have. Its just a shame they can't work for the common good, instead of just grabbing for money.
/u/ on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
Fair enough, but my main point still stands. If bitcoin cant handle s.dice it cant handle any kind of mainstream 21st century traffic.
/u/Perish_In_a_Fire on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
Mt. Gox doesn't send transactions as a signaling service from their platform. But, you'd know this if you had researched the matter. I don't want control - I'd just rather not see the "Tragedy ...
/u/reststrahlenbande on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
correct, also 25% is the return you get, if you are not reinvesting the dividends.
/u/ on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
No actually that analogy is abhorently incorrect. Im merely saying s.dice is a good test of the network potential. mt.gox is a huge burden on the blockchain as well, they are about profit as well...
/u/Perish_In_a_Fire on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
That's like saying "I filled up your car with concrete to make sure it was water-tight." I didn't want you to do that. I want to use my car. Let the system gain its 'legs' on an organic basis, no...
/u/dooglus on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
Thanks for posting it to reddit. It never occurs to me to do so... Did you see we're off to a horrible start to the month ?
/u/StarenseN on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
I missed that, but yes I'm more related to the EV line (red) than the black one, thanks ! (all credits go to dooglus who provide almost all the data in the thread).
/u/dooglus on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
You can see the impact of the 1280 BTC win on the month's profit graph: http://i.imgur.com/qoc0S5B.png It's the vertical drop part way through 24th Feb.
/u/dooglus on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
> This month the big whale(s) that lost thousands bitcoins (bet from > 200 to 500) in december and januray didn't show up. That's not quite true. He showed up for the first ...
/u/ on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
If we expect bitcoin to handle large amounts of mainstream use s.dice is probably the best tool for preparing the network for this.
/u/Perish_In_a_Fire on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
Satoshi Dice is an elaborate delay-of-service attack, which you pay for in the time it takes to sync the bitcoin client for the first time, or when you need to get up to date after not running it...
/u/Zebulon_Pike on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
It's the dividend that makes it worthwhile. I could not have times my purchase more poorly (I am literally the guy who bought at the highest possible price shortly before EV released underpriced ...
/u/StarenseN on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
You're wrong and right. This month the big whale(s) that lost thousands bitcoins (bet from 200 to 500) in december and januray didn't show up. But otherwise here are the figures with "regulars"...
/u/zhoujianfu on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
Agreed... I just meant those are the risks. Not "those are the risks as compared to other bitcoin companies." I would agree the risks are smaller for satoshidice than some other bitcoin companies...
/u/stcalvert on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
Actually, the profit went down 7k because a whale stopped playing. This person was responsible for abnormally high earnings in December and January. February's earnings are more representative of...
/u/_maximian on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
25% annual return is excellent!
/u/stcalvert on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
That's not unique to SatoshiDice. Every single Bitcoin company that allows you to buy shares carry the same risks. In the end, you have to make a leap of faith that the operators are trustworthy....
/u/zhoujianfu on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
It looks like there are 100,000,000 shares and the current market price per share is about 0.0064 .. which implies a market cap of 640,000 BTC and a February dividend of 13333.24628 BTC => 25% a ...
/u/Patrick5555 on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
So no one bets big anymore, I stand corrected
/u/drcode on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
I can't figure out the details... can someone tell me what % the monthly dividend works out to? (i.e. how many BTC did a person get in dividend for every BTC in satoshidice stock?)
/u/AmpEater on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
I bet it likes to feel needed.
/u/romerun on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
It's still hard to say whether S.DICE is better than hoarding btc if the profit in btc keep shrinking.
/u/StarenseN on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
Not exactly, the number of bets is increasing day over day, a bit exponentially: http://i.imgur.com/v43HMGc.png source: https://bitcointalk.org/index.php?topic=80312.msg1554275#msg1554275
/u/ButterflySammy on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
Think of the block chain, oh god why?!
/u/ on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
January saw a lot of play from a few whale's, dooglus analysis seems to show the whale's are not playing as much this month and they still had a better month than last month. That was also with s...
/u/digitalh3rmit on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
Yes indeed - less bets with greater value per bet. But "high rollers" have always been where the profit margin is in gambling.
/u/Patrick5555 on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
Like it or not that number means less bets placed, they need to lower minimum bet
/u/ on With $446k net earnings, february is a new month record for "SatoshiDice" Shareholders
Thank you for this post. And just to clarify before the SD haters swoop in, yes, we all know the sheer number of bitcoins profited went down in number by about 7k. This is bitcoin's deflationary ...
