^ I actually think this highlights the danger of bitsler associating with Dean, it legitimizes him for people who don't know the full story.

@CHRISBIN702 If you want the tldr version; A few months before he closed betking he already had just blatantly scammed investors. He offered a token which was "pegged" to USD price, which he sold for bitcoin. So he made a killing when bitcoin price went up, and was quite aggressive in promoting. But after bitcoin price took a crash, the second bitcoin price went under the nominal value of the tokens, he just unilaterally decided that he'd rather keep peoples money than take any loses whats so ever, and wasn't going to honor the deal at all (which of course made the tokens virtually worthless).

He tried for a few months to keep his site running, but had pretty much zero volume as he couldn't escape his reputation after having just so blatantly scammed people. So instead of just shutting down like a decent human being, suddenly "whoops" oh no, someone knew the server seed. They won the entire bankroll + all players funds! Sorry everyone!!! Site is gone and all money too!


Now the only reason he's back, is because he attached his real name to the project. And even with millions of dollars, being known as a scammer kinda sucks.

Well, the funny thing is he isn't even doing that -- it's bitsler who is, to try get some positive PR and potentially players.  Which on the whole, is a pretty good thing -- a lot of innocent victims are going to get a couple hundred bucks. That's clearly good.


Although, it's also pretty obvious why Dean is doing this. It's a cost-free way for him to try cover the fact he blatant scammed hundreds of people. And now try legitimize his obviously fabricated "sorry, I did nothing wrong. Someone knew the server seeds, and somehow won more than the bankroll, so I had to also take players funds after I had just a couple months earlier scammed investors").


I feel it would have been a lot more fair to allocate the recompensation funds by the amount scammed (e.g. bitsler pays back 1% of scammed to everyone), rather than cap it (as it's just structured now as a cheap way to lower the amount of scam victims, without paying the big dollars).


That said, I'm pretty happy to see a bunch of people (and probably Dean on a bunch of alt accounts, lol) are getting some of their money back. 

While I'm almost completely sure you know what you wrote is just nonsense to try legitimize a scam, part of me kind of wonders if it's possible that you just are misguided. If so, I'd strongly recommend you try talk your idea over with some cryptography guys. Bug some one like gmaxwell, who always seems down to talking shop. I've spent hundreds or possibly thousands of hours on this sort of stuff (e.g. even written a implementation of bip39 for generating mnemonics)

I don't want to say you're a scammer without proof, but with the practices you are preaching -- the net result is going to be the same regardless of your intentions.

Like you are literally recommending people to use your website to generate seeds for cold storage and the likes (?!).

And I assume it's all just a rouse to try sell a value-add-on but checking for duplicate mnemonic words and the like doesn't increase security at all .. in fact it just lowers it by reducing the search space. If you don't intuitively understand this, you should be staying miles away from anything security related :/

Nice job on the whole site, it's looking really slick!

I recognized the algorithm you guys are using for the axis/points/charting on the crash game -- so peaked a little under the hood and can see you guys are using a (heavily modified) version of the bustabit v1 code for (at least) the front-end. I didn't see you guys listed on https://www.bustabit.com/license.txt so was wondering if you're using this code under the terms of the AGPLv3 and have the modified source code available for download?


for posterity

Why don't you try run the tool I made a year ago specially for you to verify the games: https://bitcointalk.org/index.php?topic=2897545.msg50696814#msg50696814 

It's not going to make the bad-streaks go away, but it might put your mind at rest 

Now you're just lying. The bustabit homepage has nothing to do with the BaBv1 code. You literally just made an exact copy of bustabit's homepage, and then edited a few things. It's worth noting that even if you bought a copy of the updated version of BaB source it wouldn't include the current homepage.  I put a comparison here:

https://imgur.com/a/adhnTmj

My favorite is how you took the image that literally has bustabit's logo and then removed the logo   Wouldn't it have been easier to just use a different image?  rofl.



As you know, the license doesn't require you to pay -- it just requires you to keep your changes public under the same terms you got it. Or alternatively you can pay if you don't want to do that.




I always found getting trust works better when you don't tell verifiable lies in public, but hey, maybe the leaderboard idea will work too. Good luck!


---

P.S. Your homepage references features that are exclusive to bustabit. Like the "enhanced privacy" stuff is custom made by bustabit, and the code you're using (BaBv1) doesn't do that  

I love how you've copied bustabit's landing page (look, feel, design, text) without permission and then used the babv1 license without following the simple terms (AGPLv3) that don't even require payment

No wonder:


If you want a bit of a pro-tip, the only way to have a successful business in this industry is having a good reputation for being a business people can truly trust. You're not doing a great job at that.

It's probably just me, but it seems like a major red-flag. Most crypto casinos only have KYC procedures for when they are legally required to do so. So if you have the discretion to not KYC bitcointalk users -- why do the KYC at all 

If you invest X bitcoin, busta treats it as if you invested 0.98*X and gives you a stake accordingly. Then 0.02*X gets added to the bankroll (thus profit shared amongst all investors, which you are now part of).

The idea is just to make it a fair-ish way of being reasonably expensive to invest/divest, to avoid certain types of abuse/misuse if investing/divesting was free (e.g. over-leveraging into the bankroll, then temporarily divesting when whales start playing) and compensates investors for getting diluted.

It was privately bankrolled before Daniel took over. Only BaBv2 (i.e. when Daniel took over and released the new version) was a crowd funded bankroll introduced, but by that time bustabit was pretty well-established

I think it's reasonable to be disappointed, but I also think it's reasonable for them to change terms or cancel investments (even if abruptly). A bankroll investment sort of has this nice liquidity aspect, where you can pull your funds at any time -- but i think it's fair that that cuts both ways. I'd obviously feel very different if the investment was some sort of tokens or stake of the actual business but you (or at least me) don't invest in a site because it'll be profitable in the future, but because it's currently worth the risk/reward.

When I ran my casino, I always just had a private bankroll as I had enough funds that I could do that, and I suspect as crowd funded casinos themselves make enough money "going private" is just a sort of natural end and a positive outcome (compared to something that keeps investors up at night: exit-scam risk).


I think the other natural end would be the casino keeps increasing the commissions to the point that it still makes sense for them to keep having a crowd funded bankroll (e.g. 75%+ commissions on profit). I've always wondered if that would be preferable? Or would just generate too much bad will

Bustadice was able to quickly raise a bankroll for two reasons (imho): they implemented the auditable provably fair system and made me auditor, which gave me the confidence to be an early investor (although worth noting, that I invested on the same terms as anyone else, I just had the ability to audit rolls).

And the second reason was due to the offsite system they implemented they were able to have a high effective bankroll while having a smaller physical bankroll. This allowed them to take on larger bets/players than otherwise would be feasible, and allow them to quickly grow to the point they could start to phase out the offsite.

I think raising a crowd funded bankroll on bustabit on the other hand would've been way easier, it was already a massively popular and profitable business when Daniel bought it, and he already had established himself as a trustworthy person.

^ What dooglus said. Busta only takes a commission on profit that is passed the previous all-time-high profit (which is shown on https://www.bustadice.com/statistics ). So right now the current investor profit is: 1253.38261259 BTC but the all-time-high is 1291.52367665 BTC which means that the next 38.14 BTC of profit is going to be commission free.

It's a poor argument, but the only reason investors have made so much money is because it's mathematically profitable.


--

Also one kind of weird thing to keep in mind, is that the busta doesn't track individual investor profit but investor profit as a group. I think there's no good reason for that other than to make the implementation fast and simple.

When players win (or lose) your % of the bankroll remains unchanged (it only changes when you or other investors invest/divest).

So hypothetically, if you have 10 BTC of a 100 BTC bankroll -- you own 10% of the bankroll.  Now if a lucky player wins 1 BTC, they win it from the bankroll. So that means the bankroll is now 99 BTC but you still own 10% of it (In other words your stake is now worth 9.9 BTC, but the % ownership is unchanged)

The recovery email and support ticket email are totally separate. The recovery email would allow you to go to:
https://www.bustabit.com/forgot-password and automatically recover your account (to that email).

But the email you enter for a support ticket, is literally just so that you can receive a reply. There's no requirement/need for it to be the same as your recovery email

bustabit actually has pretty excellent support (afaik it's never outsourced, so everything is handled by Daniel directly). Just use https://www.bustabit.com/support ideally from the account/browser you had the issue with

That's pretty much how I did it for pevpot too, but with a little twist to make it pretty robust against miner's interference:

https://web.archive.org/web/20151213003346/https://www.pevpot.com/provably-fair


Sadly it also suffered the same fate.

You have a toxic attitude. Frankly, it's your site and you're the one advertising "provably fair" -- so clearly the onus is on you to do the work and find and implement a solution to be provably fair (or stop advertising it as such).


I was planning on explaining a semi-workable way to do your real-time game in an actual provably fair way, but before I did so, I wanted to make sure you understand the flaws in your system -- as it's a waste of my time in trying to show someone to fix something that they don't understand is broken. But I have a feeling I could be spending time on more productive things  

Yeah, there's no need for a server-seed if it's just a peer-vs-peer gambling game.


Hmm. I could explain to you a solution to make it work -- but before I do that -- do you see the problem with the current way you're doing it? Do you see why it's not actually provably fair -- and offers players no additional guarantees?