@DuckDice.io, if I understand the facts correctly: You had a user with say: 9 BTC and 23% through his wager requirements. When he canceled the bonus, he ended up with nothing?

If so: The cancel button wasn't even a fair option to present him in the first place, as it literally has zero upside for the user. Even if this deal was signed and witnessed, it wouldn't be considered valid in most places, as under common law it fails a basic test known as "consideration"; which effectively says that for a deal to be fair and enforceable each party should receive a benefit as well as suffer a detriment.

Considering the user received absolutely nothing in return  (especially if he didn't read or understand), I would consider it highly unethical to not give him the option of reversing it, and restoring his account back to the state it was before hitting the button.

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P.S. I think the donation to charity would be a fantastic gesture as well, but less important than ensuring this is made right.

I kind of skimmed this thread, and didn't fully read it. But if you want to prove you sent from coinbase, this tool might be useful:

https://tlsnotary.org/pagesigner.html

You should be able to download a page with the that transaction, and because coinbase website is over https by recording the tl ssignature  you can prove the page wasn't modified (Think a screenshot with cryptographic proof).

(Disclaimer: I have no idea if this add-on is safe or virus free. Be careful using it. It's also probably going to be a PITA with coinbase, because their stuff is pretty SPA'y which makes it hard to use the page signer extension)

Also I suspect that the pagesigner proof might leak some cookies and stuff, so if you use it, after I'd log out and in and probably even change my password to be safe.

While I'm not sure this will materially change the situation; I do think this is a great gesture regardless. If you're still planning on doing it: I'd like to recommend a pretty great site http://www.givewell.org/ which does a lot of research on charities and the effectiveness of your donation.

I have certainly been to Texas, but I do not live there and nor am I American. But yeah, I do like to travel and something I plan on continuing to do.


I'm not particularly concerned about such rumors. My priority is to operate a fair and honest casino, and keep myself out of trouble =)  From a cover-my-ass perspective, I'd rather not make any comments about that sort of stuff, as I'm in the late stages of a corporate restructure and getting an actual proper gambling license. Once all the paperwork is approved and all that stuff, I'll probably be a lot more free to talk about it.

However, from a players perspective, it's not really like it matters. Provably fair systems allow you to actually cryptographically verify the results you got were fair; I personally think this is a lot better assurances. (Although there are certainly some benefits in knowing the operator can be held criminally responsible)

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Anyway, I've been running this site for almost 3 years now. And in that time processed over a million bitcoin in wagers and 50k bitcoin of actual withdrawals. I've held in escrow over a million USD at a single point in time. And yet I don't think I've ever seen a single single coherent complaint that I've ever operated in any manner other than completely honestly (be it withhold deposits, not process withdrawals in a timely manner, manipulated results).

This really just is variance. The expected median over a long period of time would be ~1.97x, but over any shorter period of time will vary greatly. This is the same with all casinos, and just random numbers in general.

If you suspect you've been cheated, you need to verify the games -- and you'll be able to definitively check if it's just bad luck or you've indeed been cheated.


Regarding the coin analysis, the reason walletexplorer shows bustabit deposit addresses as "MtGoxAndOthers" is because I've imported thousands of bustabit addresses into joinmarket and done hundreds of coin joins with other people (primarily for the purposes of utxo consolidation).

I don't recommend violating anyones terms of use -- but speaking purely about bustabit privacy features:  Bustabit's uses a custom coin selection for deposits/withdrawals that makes it considerably harder for anyone to know if you're using bustaibit or not. It's not fantastic, but it's decent.

In the next release though, it's going to get pretty damn good.   Our new algorithm (that has like >1 month of development time put into it, and uses a full on cutting edge constraint optimizer) will make it very hard for anyone to distinguish a bustabit address from any other. (although there's still a bit of things I need to figure out, like sending transactions over tor incase there's a spy node recording that I'm the probable origin of the transaction)

Thanks! Yeah, it's been quite a journey. 

It's actually a little hard to believe that so much money has flowed through the site

Yeah, I've made it private for now. But none of your issues have been lost! (They're much appreciated, and being worked on)

Right now there's still a bunch of known issues (66, uggh) for the new release. So I don't want to waste anyones time with testing until they're fixed =)

But yeah, after that I'll be asking for testing and giving out bounties for bugs according to their severity 

Not in the immediate release, but I would like a vote-to-mute system for sure. That way there won't need to be official moderators, but just a sort of community chat moderation

Ouch. You know you're pretty unproductive at coding when people don't even believe you're doing it


But seriously, it's getting pretty close to done. It's totally feature complete at this point, just fixing all the rough edges and bugs

Not entirely sure what you mean. I'll just make it a publicly available isolated test version, and offer bitcoin prizes for finding bugs

No exact date, once I can't find any more bugs in it -- I'll put it up for public beta (with it's own db) and a bounty program on bugs according to their severity. Once I'm confident there's no issues, I'll then push the upgrade on the main site. (i.e. all the accounts/password/balances will be still there, no reason to worry)

I'll take a look what happens this week, and if so will drop the fee rate back down again. I'm kind of trying right now to focus on getting the next upgrade out the door, which does fees *much* better (I expect for most users it'll end up costing a third or so)

I'm not selling bustabit.   I do however sell copies of the source code for 2 BTC to anyone who wants (as long as they agree not to use the brand "bustabit" or distribute the source code).


But bustabit.com itself is not being sold (although is going to be upgraded very soon)

For the record, in the bitfinex case they didn't save a cent by issuing the token. They paid back all tokens at exactly their face value (never bought them for cheaper on the secondary market). It was just a useful tool for people who wanted their money early (or thought they weren't going to get paid etc.)

I'm not really much of a competitive person, I think it's great for the industry when there's more fair and honest gambling options.

Slightly off topic. But it also goes into why I think their house-edge is totally reasonable:

When someone goes to a casino, their intention is to gamble. If they win, they'll probably just gamble more. That's why I don't think from a business perspective an online casino will see a huge difference in revenue between having a 0.2% house edge and a 1% house edge (other than you can't offer as big limits sanely) as I suspect on a 0.2% edge site (e.g. like bustabit's historical average) people will tend to gamble ~5x as much as a 1% edge site (as people tend to be loss constrained).

But a site like chipmixer, I think the draw is clearly for privacy/mixing and gambling is just an add-on to improve that. So I suspect there's not going to be much turnover of the same money (if you win, you'll probably just withdraw immediately), so to sanely be able to offer it -- it makes sense to have a higher house edge.


For reference, for every 1 BTC someone's deposited at bustabit they've on averaged turned it over 18.78 times and then left with 0.96 BTC. Without such a high turn over, there's no real way I could really be paying the bills with such a low edge.


Anyway, I think what chipmixer is doing is pretty cool. I really like their idea of giving you a private key (instead of sending you money) so you can spend link it with your wallet and throw off any analytics. It's all pretty neat 

It's worth understanding that since MP made their promise bitcoin price has gone up 2.5x in value, which understandably makes repayment a bit harder or at least slower.

A tradable token in the style of bitfinnex would absolutely help creditors, as it would allow them get paid immediately (if they wanted to take a haircut). Or they would be free to hold the token until they're repaid. But in the end they should all end up redeemed for their face value, so it's not a trick or anything like that.

(Anyway, it was just idea. I did not hold a balance at the time, so I absolutely should have not have a say in the matter)

@JackpotRacer I think your obsessed vendetta against MP is unhealthy and a bit unreasonable. I'm not even sure if you were an investor during that time, but if you were then I do agree they should pay you (or at least issue some sort of tradable token against it) already been quite a few months.

However, either way; you really need to just move on with your life  

Nice to see this still around, brings back good memories.