Stunna
Legendary
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Activity: 3192
Merit: 1279
Primedice.com, Stake.com
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October 01, 2017, 02:47:18 AM |
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So, if I see everything correctly, you are both (partial) owner of bustabit and bustadice? Or is bustadice just the site that 'evolved' from bustabit?
I am the exclusive owner of bustabit, and a partial owner of bustadice. Bustadice is it's own project separate from bustabit. I would describe it as "a bustabit inspired dice site". Daniel is the guy who will be running it on a day-to-day basis (and in fact, for security I do not and will never have access to the servers). I helped a bit with the development, and going forward my primary role is just running the "seed server" and auditing the game results and co-signed of the cold-storage. Another question: what is the model that should make profit behind this? Is there a commission on profits for the investors?
The site charges investors 25% of the house edge on each bet (regardless if win's or not). Other than that, everything goes directly to the bankroll (and thus investors). Site looks very promising, excited to try it out. Not sure how I feel about 25% of the house edge regardless of win or loss, would suck to lose money on the investment and then have to pay fees but profit wise it still should work out in long run. The dilution aspect would make me a bit apprehensive to invest but it's pretty unique and seems good for longterm investors.
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NLNico
Legendary
Offline
Activity: 1876
Merit: 1295
DiceSites.com owner
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October 01, 2017, 04:23:24 AM |
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Looks good ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Some questions: Who is the "neutral third party" of the cold storage? Can you still adjust investment amounts without being charged the dilution fee (eg to lower the onsite amount or increase/lower the offsite amount of your investment - I obviously don't mean increasing onsite which is of course charged.) The audit system sounds a bit like the idea I had 3 years ago, so cool to see that ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I am just confused to not see the audit hash anywhere and not mentioned in the verifier either. If audit seed is used in game calculation, wouldn't it be needed in verifier too?
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RHavar
Legendary
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Activity: 2557
Merit: 1886
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October 01, 2017, 04:35:47 AM |
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Site looks very promising, excited to try it out. Not sure how I feel about 25% of the house edge regardless of win or loss, would suck to lose money on the investment and then have to pay fees but profit wise it still should work out in long run. The dilution aspect would make me a bit apprehensive to invest but it's pretty unique and seems good for longterm investors.
Thanks! Daniel and I spent a bit of timing going back and forth about how the commission structure should work, but I think it's a pretty reasonable compromise. Only charging a commission on profits is definitely better for investors (even though over a long period of a time it's the same) but I think it makes sense to offload as much variance to investors as possible: after all, that's what they're +EV (and +Expected bankroll growth) for! That said, investing is inherently very risky and the commission structure does exacerbate that, so it is pretty sane to risk less than you otherwise would.
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Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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RHavar
Legendary
Offline
Activity: 2557
Merit: 1886
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October 01, 2017, 05:01:04 AM Last edit: October 01, 2017, 05:14:40 AM by RHavar |
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Who is the "neutral third party" of the cold storage?
The neutral third party is quite well known in the bitcoin community, but has asked to not be named to avoid their participation looking like an endorsement. In the case of any dispute or problems between me and Daniel, the third key holder will not arbitrate nor in the general case has enough information to sanely do so. So their primary role is simply help out in the case of Daniel or me has an issue that would prevent us signing (e.g. gets hit by a bus). You can pretty much think of it was 2-of-2 cold-storage, with a backup in case someone dies. (This could have also been achieved using time-locked transactions, but it's incredibly tedious) Edit: In the interest of transparency, we are still working on testing/verifying the cold-wallet solution. So there is currently no money held in it, and we've told interested investors to hold off for a day while we make sure everyone is comfortable with it. Can you still adjust investment amounts without being charged the dilution fee (eg to lower the onsite amount or increase/lower the offsite amount of your investment - I obviously don't mean increasing onsite which is of course charged.) You are charged the dilution fee on the difference of your (onsite+offsite). So if you add 1 bitcoin to the onsite, and subtract the same from the offsite (at the same time) your net position is the same and you are not charged any fees. I think the whole UI needs a bit of improvement, but it should be more obvious when it tells you the expected dilution fee, so you can easily see how it works. The audit system sounds a bit like the idea I had 3 years ago, so cool to see that ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yup! Nice job on that. It looks like pretty much the exact same thing. The only difference I see is that instead of a weekly audit, we do it in real-time. We require users to reveal their hashes before using their money I am just confused to not see the audit hash anywhere and not mentioned in the verifier either. If audit seed is used in game calculation, wouldn't it be needed in verifier too?
Yeah, but it's abstracted away. The "Server seed" is actually the concatenation of the two seeds. But the user just needs to copy and paste the whole thing into the verifier script. So from their perspective it's exactly like verifying any other game. We'll come up with a more technical specification, but this is the high level overview: https://gist.github.com/RHavar/285c295f7906e03369cd66580a1b5f45But you can see it in the verifier: view-source:https://bustadice.github.io/verifier/ const seeds = serverSeed.split("_").filter(v => !!v) ... const [ auditSeed, gameSeed ] = seeds
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Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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RHavar
Legendary
Offline
Activity: 2557
Merit: 1886
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October 01, 2017, 05:30:25 AM |
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I'm going to stop taking over Devan's thread, but one last thing: The audit system sounds a bit like the idea I had 3 years ago, so cool to see that ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) One future extension I'd like to make, is introducing *another* party: the arbitrator. Currently the game-server and audit-server communicate through a (validated-on-both-sides) tls connection. So instead of communicating directly, you could proxy the connection through an arbitrator (who is running on the same datacenter to avoid latency) and acts as a dumb proxy with no means to decrypt or modify the connection. However, the arbitrator would run tcpdump on the traffic for logs. Now if the audit-server and the game-server ever got into a dispute (either because 1 party was malicious, or one party was undetectably hacked and had wrong data). The tls keys could be revealed, and the arbitrator sees who was right. This would work especially well if the arbitrator was the 3rd (2-of-3 cold storage key holder), so in a hypothetical dispute would know who to side with. But this is a bit overkill for now ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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michkima
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October 02, 2017, 08:19:13 AM |
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Awesome project you have here guys, something refreshing to see. Great that you didn't go the old and tiring dice again route. Although, I would like to know the difference with how bustabit works here. Since from the sample game you have on the site it seems like it's the same as bustabit without the graph and that each player can play their own bustabit game by themselves. Any more differences we should know off?
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devans (OP)
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October 02, 2017, 09:17:33 AM |
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Awesome project you have here guys, something refreshing to see. Great that you didn't go the old and tiring dice again route. Although, I would like to know the difference with how bustabit works here. Since from the sample game you have on the site it seems like it's the same as bustabit without the graph and that each player can play their own bustabit game by themselves. Any more differences we should know off?
I think that's a fair comparison. bustadice is close to what I imagine a single-player bustabit might look like. The most important gameplay differences to bustabit are that all bets are instantaneous and players don't share the same rolls. This means that games are faster and the max bet–though not necessarily the max profit–is much higher, which should be interesting for whales. Also, because players don't share the same rolls, bustadice has less variance for the house than bustabit, which is nice for investors.
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BTCevo
Legendary
Offline
Activity: 1834
Merit: 1008
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October 02, 2017, 11:43:52 AM |
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Nice job here, as I can see this is a nother new dice game which offer really simple design but of course with huge bankroll in it. But if I can ask here, is the method of getting the multiplier exactly the same as bustabit? From what I see here, there is no actual number that become our result, there is only multiplier which give the result of our profit
And one more question here. Do you intend to give out the max bet that we can bet here or may be max profit that we can take so people do not confuse when it comes to martingale strategy
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devans (OP)
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October 02, 2017, 01:08:53 PM |
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Nice job here, as I can see this is a nother new dice game which offer really simple design but of course with huge bankroll in it. But if I can ask here, is the method of getting the multiplier exactly the same as bustabit? From what I see here, there is no actual number that become our result, there is only multiplier which give the result of our profit
Each bet's multiplier is calculated from its hash, just like in bustabit. The way we come up with the hash is different, though. You can read about how it works in this high-level technical overview from Ryan. But from the player's perspective, verifying bets is virtually identical to how it's done in other provably fair dice casinos: The server generates a server seed and you pick a client seed. Then, after you've finished playing, you reveal the server seed and check your rolls. Take a look at the open-source verifier or look at its source code for details. And one more question here. Do you intend to give out the max bet that we can bet here or may be max profit that we can take so people do not confuse when it comes to martingale strategy
The max bet is only limited by the max profit, which in turn is 0.75 % of the bankroll. Any bet whose potential profit doesn't exceed the max profit is allowed. For example, at the current max profit of approximately Ƀ 6 you could bet Ƀ 6 at 2.00x or Ƀ 600 at 1.01x because both have a potential profit of of Ƀ 6. Of course you don't need to calculate this yourself. The current max profit will always be shown next to the game controls.
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michkima
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 02, 2017, 01:56:50 PM |
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Awesome project you have here guys, something refreshing to see. Great that you didn't go the old and tiring dice again route. Although, I would like to know the difference with how bustabit works here. Since from the sample game you have on the site it seems like it's the same as bustabit without the graph and that each player can play their own bustabit game by themselves. Any more differences we should know off?
I think that's a fair comparison. bustadice is close to what I imagine a single-player bustabit might look like. The most important gameplay differences to bustabit are that all bets are instantaneous and players don't share the same rolls. This means that games are faster and the max bet–though not necessarily the max profit–is much higher, which should be interesting for whales. Also, because players don't share the same rolls, bustadice has less variance for the house than bustabit, which is nice for investors. Thought as much. It's nice especially for the people that love bustabit, since this is the bustabit on fast forward mode. Indeed the name suits the game mechanics. Well, I am looking forward playing here and hope to hit that 1,000,000 multiplier. Good luck and I hope more investors come in so that max win goes up some more.
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CrazyCraig
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 501
Merit: 340
Bye Felisha!
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October 02, 2017, 03:21:59 PM |
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Congrats on the release devans and Ryan. Very nice looking UI.
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veleten
Legendary
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Activity: 2016
Merit: 1106
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October 02, 2017, 04:53:31 PM |
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a breath of fresh air in the pool of the regular dice sites and the investment system is well worth looking into pretty confusing for a newbie to be honest with you,took me a couple of re-reading to understand myself the provably fair with the third party is something totally new but I could not find the actual HE figures and how do you calculate investor's profit/loss from each separate bet?
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devans (OP)
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October 02, 2017, 07:30:39 PM |
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Congrats on the release devans and Ryan. Very nice looking UI.
Thanks, CrazyCraig! a breath of fresh air in the pool of the regular dice sites and the investment system is well worth looking into pretty confusing for a newbie to be honest with you,took me a couple of re-reading to understand myself the provably fair with the third party is something totally new but I could not find the actual HE figures and how do you calculate investor's profit/loss from each separate bet?
The house edge is 1 %. I'll add an example to the FAQ's section on offsite investing with the next update to (hopefully) explain it a little better. Investors are collectively charged 0.25 % (25 % of the house edge) of each wager as a commission. After that the investors receive the entire profit or loss of every wager. How much an individual investor gains or loses is proportional to his share in the bankroll. For example if your onsite plus offsite makes up 1 % of the bankroll, you'll receive 1 % of the profit/loss.
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devans (OP)
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October 03, 2017, 04:59:56 AM |
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With only eight hours to go until betting starts, investors have contributed a total of Ƀ 1,745 to the bankroll so far. Quick reminder: Until the countdown on the play page reaches zero, the dilution fee of 10 % is waived. If you plan on investing, be sure to take advantage of that!
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JackpotRacer
Legendary
Offline
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
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October 03, 2017, 05:16:41 AM |
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With only eight hours to go until betting starts, investors have contributed a total of Ƀ 1,745 to the bankroll so far. Quick reminder: Until the countdown on the play page reaches zero, the dilution fee of 10 % is waived. If you plan on investing, be sure to take advantage of that! very nice Bank Roll already are bustadice owners allowed to invest in the Bank Roll good luck
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Awnar
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October 03, 2017, 06:29:31 AM |
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I would like to ask this simple question if there's an affiliate program on your dice site?
I'm too excited for the release hope to see an active players on the chat box. 6 hours and 30 minutes before the release, see you later guys.
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devans (OP)
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October 03, 2017, 07:13:22 AM |
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I would like to ask this simple question if there's an affiliate program on your dice site?
I'm too excited for the release hope to see an active players on the chat box. 6 hours and 30 minutes before the release, see you later guys.
We don't offer an affiliate program right now and don't have any plans for one in the immediate future. I'm looking forward to the full release as well. See you there in a couple of hours! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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RHavar
Legendary
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Activity: 2557
Merit: 1886
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October 03, 2017, 09:52:45 AM |
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Just 3 hours to go, and the bankroll is looking pretty healthy! So at launch it looks like the max-profit is going to be >21.645 bitcoin ($93k USD at current prices). As far as I can tell, this is the largest max-profit[1] of any bitcoin casino at the moment. Or anyone aware of something bigger? Hopefully the whales take note ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) [1] Sites like bustabit have a bigger max profit, but they constrain the max-bet. So I'm looking at it from the perspective someone trying to do something like a 2x bet
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Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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Josepht
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 03, 2017, 10:25:36 AM |
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Just 3 hours to go, and the bankroll is looking pretty healthy! So at launch it looks like the max-profit is going to be >21.645 bitcoin ($93k USD at current prices). As far as I can tell, this is the largest max-profit[1] of any bitcoin casino at the moment. Or anyone aware of something bigger? Hopefully the whales take note ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) [1] Sites like bustabit have a bigger max profit, but they constrain the max-bet. So I'm looking at it from the perspective someone trying to do something like a 2x bet As you can see in my casino overview thread, Primedice has a max win of 50 BTC. I couldn't find it on their site, but I've asked around a bit, and it seems that it's 50 BTC. It isn't confirmed by a mod or something, but it looked like everyone agreed on that amount. Still an impressive result I'd say. I'm looking forward to the launch in a few hours ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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NLNico
Legendary
Offline
Activity: 1876
Merit: 1295
DiceSites.com owner
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October 03, 2017, 11:11:35 AM |
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Just 3 hours to go, and the bankroll is looking pretty healthy! So at launch it looks like the max-profit is going to be >21.645 bitcoin ($93k USD at current prices). As far as I can tell, this is the largest max-profit[1] of any bitcoin casino at the moment. Or anyone aware of something bigger? Hopefully the whales take note ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) [1] Sites like bustabit have a bigger max profit, but they constrain the max-bet. So I'm looking at it from the perspective someone trying to do something like a 2x bet As you can see in my casino overview thread, Primedice has a max win of 50 BTC. I couldn't find it on their site, but I've asked around a bit, and it seems that it's 50 BTC. It isn't confirmed by a mod or something, but it looked like everyone agreed on that amount. Still an impressive result I'd say. I'm looking forward to the launch in a few hours ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) The PD FAQ says max win is 30 BTC (so on 2x it's 15 BTC = less than 21 BTC.) Unless FAQ is outdated (which is possible I guess.) Technically SafeDice has a higher max profit but the HE will be 1.7 - 5% on those amounts. edit: either way, bustadice BR/max profit indeed looks good ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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