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devans (OP)
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November 03, 2017, 03:05:48 AM |
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It seems like investors are quite steadily losing. The site has been operating for a month now and Profit/EV is -349.6% according to https://dicesites.com/bustadice. I hope the admins are closely watching and considering the possibility of the existence of exploits/bugs. Fortunately our unique provably fair system gives us very strong assurances that all wins have been legitimate. In order to be able to predict his rolls, an attacker would have to compromise not only the game server, but also the audit server. The audit server is independently operated and has a tiny attack surface, so I consider that highly unlikely. As bustadice continues to gain traction we can expect investors' actual profit to converge to their expected value.
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UFFFPUFFF
Newbie

Activity: 13
Merit: 0
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November 05, 2017, 11:46:55 AM |
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Love this site and the simplicity of scripts
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devans (OP)
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November 06, 2017, 12:11:38 AM |
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It finally happened: For the first time someone made use of bustadice's max profit by winning Ƀ 20 in a single bet. Congratulations!
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veleten
Legendary

Activity: 2044
Merit: 1107
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November 06, 2017, 05:04:16 PM |
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It finally happened: For the first time someone made use of bustadice's max profit by winning Ƀ 20 in a single bet. Congratulations! just insane! risk 20 bitcoins on a double chance,this guy ought to have some balls (or if this was a lady... something else) wonder what was the total resulting multiplier for this round? exact 2x means he just simply set autostop at 2x and prayed he would win 150.000$ in one fell swoop,wonder how many real life casinos accept bets that high
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Lone Shark
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November 06, 2017, 07:03:07 PM |
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It finally happened: For the first time someone made use of bustadice's max profit by winning Ƀ 20 in a single bet. Congratulations! Though seriously, there might be something wrong with the code here. Since the investments are down by -73btc. I haven't seen this much losses in any gambling site I've been. Let's also take into account that there aren't much gamblers yet but losses are quite high. Also, there are multiple gamblers that won a lot of bitcoins from this site. That is somehow suspicious since there suddenly are a lot of high rollers that bet that much on the new site and most of the high rollers are winning. I'm not concluding anything, it might be just coincidence. Maybe I can't argue that this is not provably fair, but maybe there is something in the code that makes chances of winning a lot more higher than the stated chances of winning. I'm just concerned, since I used to invest here and pulled out when I found better opportunities for my money (partly glad I did, since the investors lost 73btc). I'm no expert at coding anything, but maybe some neutral expert on this could check the code for everybody's sake.
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devans (OP)
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November 06, 2017, 10:13:34 PM |
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Though seriously, there might be something wrong with the code here. Since the investments are down by -73btc. I haven't seen this much losses in any gambling site I've been. Let's also take into account that there aren't much gamblers yet but losses are quite high. Also, there are multiple gamblers that won a lot of bitcoins from this site. That is somehow suspicious since there suddenly are a lot of high rollers that bet that much on the new site and most of the high rollers are winning. I'm not concluding anything, it might be just coincidence.
Maybe I can't argue that this is not provably fair, but maybe there is something in the code that makes chances of winning a lot more higher than the stated chances of winning. I'm just concerned, since I used to invest here and pulled out when I found better opportunities for my money (partly glad I did, since the investors lost 73btc). I'm no expert at coding anything, but maybe some neutral expert on this could check the code for everybody's sake.
Our provably fair system provides us with strong guarantees, so I am very confident that all wins have been legitimate. Regarding the correctness of our code, it might reassure you to learn that using simulations both Ryan and myself have independently confirmed that the house edge is as expected. In addition, blockage has analytically verified that the house edge is 1 %. That being said, anybody that wants to is very welcome to inspect the code responsible for calculating game results and the high-level description of our provably fair scheme themselves. It's important to view the loss in the context of bustadice's bankroll size: Not to say that Ƀ 75 isn't a lot of money, but it only represents a drawdown of about 2.6 %. While that might be unlucky, it's hardly uncommon for a casino. After all, the point of having such a large bankroll is that we might need it to pay out a lucky player.
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BTCevo
Legendary

Activity: 1834
Merit: 1008
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November 07, 2017, 03:34:39 PM |
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It finally happened: For the first time someone made use of bustadice's max profit by winning Ƀ 20 in a single bet. Congratulations! This is really huge bet ever, 20 btc with 2.25 multiplier is a daring thing to do. This is so big whale playing right here, but there is no result on their roll right there, I just wondering how much that he roll. 20 btc in a single bet is really huge amount to bet due to the current price. I believe this is the biggest bet ever currently compare to every site
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jpcfan
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November 08, 2017, 06:59:26 AM |
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-88btc now for investors.
i'm selling my car and buying BTc and gonna play at bustadice 24/7
only dice site on net where gamblers win
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| 120% | | 〈 | 50% | | ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ | DUCK | | DICE | ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ | | 〉 | | 〉 | |
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veleten
Legendary

Activity: 2044
Merit: 1107
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November 08, 2017, 02:33:46 PM |
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-88btc now for investors.
i'm selling my car and buying BTc and gonna play at bustadice 24/7
only dice site on net where gamblers win
not the only one,there was one story our gameprotect loved to harp on where the site's bankroll suffered unexpected loss in a few huge winning bets,he cried foul play but nothing can be proven here it must be variance or the pundits found some winning strategy its luck-nothing more nothing less, 3% of the bankroll lost is not critical,but if the trend contimues to,say > 150 bitcoins lost then yeah,selling houses and cars and playing on bustabit is a good idea 
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Josepht
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November 08, 2017, 04:37:05 PM |
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-88btc now for investors.
i'm selling my car and buying BTc and gonna play at bustadice 24/7
only dice site on net where gamblers win
Ever heard of variance? That's what is happening now. Yeah, bustabit is down and players are up, but when you gamble now, you're still expected to lose 1% of your wagers over time.
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devans (OP)
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November 16, 2017, 01:08:51 PM |
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Hey guys. Congrats on the site. It looks really nice.
I have a question about investing. It is said in the faq that the dilution fee is 10% for all investments. But offsite investments fees are paid with the onsite balance, that is a bit confusing to me. To get onsite balance, you are already paying a 10% fee. So aren't offsite investments charged twice? Or you get fee credit when you pay offsite fees with onsite balance, to compensate?
In an example: imagine i want to end up with 1btc onsite + 24 offsite. Total investment 25 btc. Fee should be a bit less than 2.5 btc (because i should get back a tiny part of the fee). How should i proceed, and how are onsite and offsite fees going to be charged in this case?
Thanks and sorry if i made dumb questions =)
You've got the right idea: Dilution fees are charged on the entire investment (onsite change plus offsite change), so to invest Ƀ 25 the fee would be (slightly less than) Ƀ 2.5. In your example the onsite investment wouldn't be able to cover that, so you'd either have to invest more onsite or reduce your offsite investment. By the way: Moving coins from offsite to onsite and vice versa is free, so you can always increase or decrease your onsite to offsite ratio later on.
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milewilda
Legendary

Activity: 3584
Merit: 1178
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November 16, 2017, 02:11:52 PM |
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It finally happened: For the first time someone made use of bustadice's max profit by winning Ƀ 20 in a single bet. Congratulations! This is really huge bet ever, 20 btc with 2.25 multiplier is a daring thing to do. This is so big whale playing right here, but there is no result on their roll right there, I just wondering how much that he roll. 20 btc in a single bet is really huge amount to bet due to the current price. I believe this is the biggest bet ever currently compare to every site He do have the balls to put such big bets and luckily he did able to multiply it instantly which would really result to hurt up the entire bankroll of the site. As i have read above its a -88 BTC loss for investors? Well this thing do really happens and it isnt surprising though because there are really times that there are players who do win bigtime. Risking too much money would normally result on huge payout too.
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p3ppymon
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November 16, 2017, 08:30:11 PM |
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Indeed you have to have big balls!!! And, overall, the bankroll to play such a big amount. This means that the winner is able also to afford the eventual lose of it, pretty much with no regrets.
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BayAreaCoins
Legendary

Activity: 4620
Merit: 1397
AltQuick.com Owner
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November 16, 2017, 10:05:53 PM |
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Also on both other casinos I've been involved in, they both started off getting run pretty deep into the red before they eventually permanently recovered. I think bustabit for instance in the early day lost like 90 bitcoin in a single day, due to two whales having fun (betting 1 bitcoin at a time, each). I over-reacted to the situation and dropped the max bet to 0.1 bitcoin, which only served to drove the whales off (making them take their profits, and never return) and made that recovery take quite a long time.
God, you sound just like Xploited... (BustaClam.com).  Y'all did the exact same thing.
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https://AltQuick.com/exchange/ - A Bitcoin-based exchange for Altcoins, Signet, & Bitcoin Testnet (no fiat, stables, or KYC) - PGP D2F6EB9E127D75D6F994BA5F6862DDA3084922EE
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devans (OP)
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November 19, 2017, 04:51:19 AM |
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If you had Bitcoin on bustadice (including investments) at the time of the Bitcoin Gold fork, your BTG balance will show up on the withdraw page. For your convenience your Bitcoin Gold will be sold at market rates and credited to your bustadice account as Bitcoin. If you prefer to receive Bitcoin Gold instead, please use the support form to let me know by November 25.
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Steve D
Newbie

Activity: 24
Merit: 0
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November 19, 2017, 02:10:47 PM |
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I can't seem to find an option to reset my password without knowing my current one. How can do that? 
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devans (OP)
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November 19, 2017, 02:18:06 PM |
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I can't seem to find an option to reset my password without knowing my current one. How can do that?  You can request a password reset email on this page, but only if you aren't already signed in.
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Steve D
Newbie

Activity: 24
Merit: 0
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November 19, 2017, 02:26:01 PM |
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I can't seem to find an option to reset my password without knowing my current one. How can do that?  You can request a password reset email on this page, but only if you aren't already signed in. I signed in and forget to write the pw down.
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BlackRed
Full Member
 

Activity: 261
Merit: 100
Win 10,000$ Daily - click on sig
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November 19, 2017, 02:30:16 PM |
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I can't seem to find an option to reset my password without knowing my current one. How can do that?  You can request a password reset email on this page, but only if you aren't already signed in. I signed in and forget to write the pw down. Its easy to request new password
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devans (OP)
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November 19, 2017, 02:33:08 PM |
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I signed in and forget to write the pw down.
If your account has a recovery email address, please sign out and use the password reset page to request a new password. If your account does not have a recovery email address, please send me a support request.
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