bustadice – Next Generation Dice

[RHavar]

Is the server down or something? I'm able to access the website but can't do anything (play, invest, etc).

Yeah, down for me too. And Dan just signed off, so it's probably going to be a few hours til he's back to fix it  

[1714920005]

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[1714920005]

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[tim-bc]

Yeah, down for me too. And Dan just signed off, so it's probably going to be a few hours til he's back to fix it  

So you don't think it's any kind of exit scheme or hack?

[RHavar]

So you don't think it's any kind of exit scheme or hack?

Definitely not. The cold-storage is over-funded (funded at >100% it's obligations), hasn't moved and requires 2-of-3 sig to move (of which Daniel only has 1).

If Daniel wanted to do an exit-scam, he'd do it on bustabit not bustadice (since bustabit doesn't have an investor protection system like bustadice), but bustabit is up and running like normal. So pretty much guaranteed nothing to worry about.

Bustadice actually similarly went down for a few minutes a day ago or something (except he was online to deal with it). At the time he said he thought it was due to some incorrect error handling he found. My guess is that the bug is still there

[sunsilk]

Is the server down or something? I'm able to access the website but can't do anything (play, invest, etc).

Yeah, down for me too. And Dan just signed off, so it's probably going to be a few hours til he's back to fix it  

I thought I'm the only one that has issue, I keep on logging in and in the end it only says lost connection to the server.

That's why I came here so I hope it will be back again soon.

Edit: It's working now. 

[tim-bc]

Definitely not. The cold-storage is over-funded (funded at >100% it's obligations), hasn't moved and requires 2-of-3 sig to move (of which Daniel only has 1).

If Daniel wanted to do an exit-scam, he'd do it on bustabit not bustadice (since bustabit doesn't have an investor protection system like bustadice), but bustabit is up and running like normal. So pretty much guaranteed nothing to worry about.

Bustadice actually similarly went down for a few minutes a day ago or something (except he was online to deal with it). At the time he said he thought it was due to some incorrect error handling he found. My guess is that the bug is still there

Thanks, that all makes sense. I hadn't been on bustabit in a while but it seems they doubled the dilution fee to 2% and then also cut the leverage in half from 4x to 2x since I last visited

[siddartha1492]

Just saw this "invest" feature on Bustadice website. I have like 0.01 BTC and I think Bustadice might be a safer option to invest. Mainly due to the fact that Yahoo is managing the campaign for a while.

But on the invest page there are two options online and offsite and I am getting a bit confused there. Where do I put my BTC? Also in FAQ it states, "we charge investors a 0.25 % commission on every wager". Why are investors being charged for wagers? Is it wager by players or the investor itself? Totally not getting the idea.

[xandry]

But on the invest page there are two options online and offsite and I am getting a bit confused there. Where do I put my BTC?

Just look at "Overview" on investing page (https://bustadice.com/invest) - "Onsite bankroll" value constantly changes, but "Offsite bankroll" does not change at all. I think, "onsite" investment more profitable, but riskier; "offsite" - stabler, but less profitable.

I invested on August 27th 0.4 btc, now i see 0.40681439 btc in my stats. Better than nothing nevertheless.

[RHavar]

"Onsite bankroll" value constantly changes, but "Offsite bankroll" does not change at all. I think, "onsite" investment more profitable, but riskier; "offsite" - stabler, but less profitable.

Hm, not quite. The onsite is constantly changing, because it represents how much money is "physically" in the casino bankroll. So if someone loses 100 satoshis gambling, it'll go up by 99.75 satoshis (the difference between the two is commissions which goes direct into Dans pocket). So it is guaranteed to be constantly fluctuating, as people are literally gambling against it.

The offsite however will only[1] change when investors explicitly request that it is it changed on their behalf. This probably doesn't happen much as bustadice discourages changing your exposure by charging a dilution fee (I think it's 1 or 2% now) by what ever amount you increase it.

Now 1 BTC in offsite and 1 BTC in onsite investment will have the exact same return. The difference is 1 bitcoin in onsite represents what you have physically deposited on site, and the 1 bitcoin in offsite represents what you're risking but haven't deposited.  The big advantage of using onsite is that you never need to worry about your position being margin-called (you already have all your money there) and can completely passively invest. The big advantage of offsite is that you're keeping your money in your own wallet, so if there was a hypothetical exit-scam you wouldn't lose it.

It's quite an elegant system, but honestly a bit too complex I think. For 99% of people, I think they'd be better off sticking purely to onsite.

[siddartha1492]

But on the invest page there are two options online and offsite and I am getting a bit confused there. Where do I put my BTC?

Just look at "Overview" on investing page (https://bustadice.com/invest) - "Onsite bankroll" value constantly changes, but "Offsite bankroll" does not change at all. I think, "onsite" investment more profitable, but riskier; "offsite" - stabler, but less profitable.

I invested on August 27th 0.4 btc, now i see 0.40681439 btc in my stats. Better than nothing nevertheless.

Thanks for the info, especially those numbers. So that means around 1.7% profit in around 17 days. I guess that's how far a genuine, passive and less risky investment can get you.

"Onsite bankroll" value constantly changes, but "Offsite bankroll" does not change at all. I think, "onsite" investment more profitable, but riskier; "offsite" - stabler, but less profitable.

Hm, not quite. The onsite is constantly changing, because it represents how much money is "physically" in the casino bankroll. So if someone loses 100 satoshis gambling, it'll go up by 99.75 satoshis (the difference between the two is commissions which goes direct into Dans pocket). So it is guaranteed to be constantly fluctuating, as people are literally gambling against it.

The offsite however will only[1] change when investors explicitly request that it is it changed on their behalf. This probably doesn't happen much as bustadice discourages changing your exposure by charging a dilution fee (I think it's 1 or 2% now) by what ever amount you increase it.

Now 1 BTC in offsite and 1 BTC in onsite investment will have the exact same return. The difference is 1 bitcoin in onsite represents what you have physically deposited on site, and the 1 bitcoin in offsite represents what you're risking but haven't deposited.  The big advantage of using onsite is that you never need to worry about your position being margin-called (you already have all your money there) and can completely passively invest. The big advantage of offsite is that you're keeping your money in your own wallet, so if there was a hypothetical exit-scam you wouldn't lose it.

It's quite an elegant system, but honestly a bit too complex I think. For 99% of people, I think they'd be better off sticking purely to onsite.

Thanks for the details. But I want to know how come onsite and offsite have same returns when online investing is more risky?

[RHavar]

Thanks for the details. But I want to know how come onsite and offsite have same returns when online investing is more risky?

It's not really, it's just differently risked. It's important to note that you can't *purely* offsite invest (otherwise if someone won money, you'd technically have a debt to the site which they know they probably would never be able to collect) so your onsite investment kind of acts like collateral.

So when ever you use offsite, you're always over-exposing your onsite investment and need to keep an eye on it. Honestly I recommend extreme caution with offsite, because it can easily blow up in your face. While with onsite, you can safely just set it and forget it and come back in months.  

Last time there was a big whale on bustabit, after he won a couple hundred bitcoin -- some investors heavily increased their offsite (hoping to profit a lot if the whale busted). The whale kept winning for a while, which ended up margin closing some of the investors position, and then soon after the whale busted all his profits. Based on my rough calculations (looking at my stake vs site profit), in total investors didn't really make any money -- but there was a wealth-transfer of ~200 BTC from heavily offsited investors to investors who didn't get margin called.

So that's a risk you face when you use offsite, that you don't have when you invest "normally". (Although to be fair, if the whale never busted before investors reinstated their position that margin-call would've helped..)


tldr;  offsite exposes you to more risks against casino variance, while onsite exposes you to more risk vs exit-scams and such

[JollyGood]

What is the connection between Bustabit and Bustadice?

Both website templates look the same, are they owned by different people?

An allegation of Dean Nolan from betking owing 2 BTC for outstanding licence fees has been made here:
https://bitcointalk.org/index.php?topic=4751127.msg47317090#msg47317090

And was listed here: https://www.bustabit.com/license.txt

After the allegation was made in the thread (https://bitcointalk.org/index.php?topic=4751127.msg47317090#msg47317090) betking was removed from the scammer list here:  https://www.bustabit.com/license.txt

It looks like to save himself from bad PR and as a direct result of the allegation being posted, the 2 BTC was paid by Dean Nolan. He refused to even acknowledge that post from game-protect too even though he responds in other threads. Something does not add up.

Can anybody shed any light on this please?

[devans]

bustadice and bustabit are both owned by myself and share some code. I'm not in dispute with BetKing and Dean doesn't owe me anything. Since it doesn't affect bustadice I kindly ask you to discuss it in a more appropriate thread.

[JollyGood]

bustadice and bustabit are both owned by myself and share some code. I'm not in dispute with BetKing and Dean doesn't owe me anything. Since it doesn't affect bustadice I kindly ask you to discuss it in a more appropriate thread.

I will post here in the Bustabit thread I just found, hopefully it will be a more appropriate thread: https://bitcointalk.org/index.php?topic=2897545.0

Thank you

[arpon11]

bustadice and bustabit are both owned by myself and share some code. I'm not in dispute with BetKing and Dean doesn't owe me anything. Since it doesn't affect bustadice I kindly ask you to discuss it in a more appropriate thread.

A very nice response. Now that you are one of the trusted members in this forum and Bustadince has establish itself in the heart of many of us here because of your sincerity and hard work I believe bustabit is going to also become great in future.  I came across it for the first time and I am heading to the site to find opportunities over there.  May you be increase sir.

[BTCevo]

bustadice and bustabit are both owned by myself and share some code. I'm not in dispute with BetKing and Dean doesn't owe me anything. Since it doesn't affect bustadice I kindly ask you to discuss it in a more appropriate thread.

A very nice response. Now that you are one of the trusted members in this forum and Bustadince has establish itself in the heart of many of us here because of your sincerity and hard work I believe bustabit is going to also become great in future.  I came across it for the first time and I am heading to the site to find opportunities over there.  May you be increase sir.

What do you mean? I believe bustabit is the pioneer of every single crash game that you played nowadays and now they have a newer version as I recall. So if you think bustadice is going to be great in the future, then you must already be wrong. Just because of having bustabit in the first place then they can create their bustadice. Both are a great sites so if you want to get a crash game, you can go bustabit and for dice is bustadice. This is pretty easy yo remember

[CodyAlfaridzi]

I noticed that the bankroll investing maximum leverage is decreased to 2:1 today and the dilution fee is 2% now. Is there a reason behind this change?

[devans]

I noticed that the bankroll investing maximum leverage is decreased to 2:1 today and the dilution fee is 2% now. Is there a reason behind this change?

Usually I post an overview of the changes on the day of the update. I apologize for only doing it now.

For a brief moment the FAQ incorrectly said 2:1, but the maximum leverage has actually only been reduced to 3:1. As bustadice now has the largest bankroll of any Bitcoin casino at nearly 4,900 BTC, my focus is on achieving a stable bankroll rather than an even larger one. In order to do that I want to encourage long-term investments and discourage leveraging. Raising the dilution fee accomplishes both and decreasing the offsite caps prevents investors from (ab)using the offsite system to leverage by too much.

It goes without saying that nobody is being margin-called or forced to divest. The new limits only affect any new investments or changes made to existing investments.

[sp1tfir3]

Okay, registered here just to tell everybody about scam from developers of bustadice.com. You tell about "fair" play?
Here you are example of 3 bets where multipliers are not consistent with verify page:

https://bustadice.com/bet/1Lv8lA3oVely8S3ZL8MrJm0VjZ
Screenshot with info
https://imgur.com/sPvmTIl
server hash 9a01e0d0383e582c29fbdc2dd57fb1b0d2ad495886ddba39fe24382c6a522b8f
client seed aAu5dgh6frelia aZerfchf5hso aShig5dski
nonce 91680

Okay I revealed server seed:
473dd365bcd777f066a79edc8ba4adb6fa4e3a50bdc2fd9584f7c960ce5777d8_12fcca02f23fe2 fc89a81e4808eb9478d51522e3138314bbea2168f054bd3382

And what do u think? When I check the data on
https://bustadice.github.io/verifier/
I get 2.58x!! Not 1.09 or something below target.

Same shit with this bet:
https://bustadice.com/bet/gQxrPdj24L7WZH01wK2KnXew4O
Screenshot with info
https://imgur.com/OLDof91
nonce 91671
Verifier tells that I will get 22.9. BUT NOOO! I get 1.02.

Ok, check some profitable bet:
https://bustadice.com/bet/DEOlpgq2XeQWVSVbP7B9XKJL3k
Screenshot with info
https://imgur.com/DHezrNt
nonce 91675
Same inconsistency - 8.29 vs 22.17

Developers, please explain that.

[NLNico]

When I use:

Code:

aAu5dgh6frelia aZerfchf5hso aShig5dski 

With a " " (SPACE) after clientseed (just like your message has a space after the clientseed), I do get the correct 1.09x result. Same with 22.17x.

Considering there are other spaces in that clientseed, it seems likely the space after it is legit too. So to me it seems all fine. Please double check if there is a space after clientseed

PS, ideally spaces wouldn't be allowed in clientseed so there is no such confusion.

[sp1tfir3]

Wow, yep you are right So I take my words back. So sorry, guys