bustadice – Next Generation Dice

[NLNico]

..which is much better than having a single point of failure without any real accountability.

In the past I have considered whether having the same hosting provider, same programming language, etc. is still "single point of failure" in this perspective though. But that is probably being extremely paranoid (and I obv don't know details here anyway.) But sure, on any other invest site (without "audit server") I would withdraw my funds right away now lol. Those bets are pretty sick lol, not the profit itself, but 1.01x the whole time and then the timing of switching to this huge target, damn. But congrats until otherwise proven I guess.

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[StackGambler]

For the record, I trust both RHavar and devans and I don't think they would ever cheat.

Now, hypothetically speaking, I think the odds of a malicious player have been dramatically understated. RHavar makes it sound like it's some crazy thing for both systems to be independently compromised, or for collusion to happen, but it's simply not. RHavar and devans have known each other for many years, and have in fact made deals between each other of over 500 BTC. They are effectively the same person in this scenario. Collusion is not a possibility, it should be a presumption. If investors distrust Ryan OR Daniel, they should not invest! Trusting one is not enough, because they could easily collude. (Once again, this is just an observation. I would invest in bustadice because I trust them both.)

I saw Hunter's bets live and I was amazed. He turned 0.005 BTC into 35 BTC. That's just fucking insane. I've had some crazy runs, but nothing as crazy or lucky as that.

[Timetwister]

For the record, I trust both RHavar and devans and I don't think they would ever cheat.

Now, hypothetically speaking, I think the odds of a malicious player have been dramatically understated. RHavar makes it sound like it's some crazy thing for both systems to be independently compromised, or for collusion to happen, but it's simply not. RHavar and devans have known each other for many years, and have in fact made deals between each other of over 500 BTC. They are effectively the same person in this scenario. Collusion is not a possibility, it should be a presumption. If investors distrust Ryan OR Daniel, they should not invest! Trusting one is not enough, because they could easily collude. (Once again, this is just an observation. I would invest in bustadice because I trust them both.)

I saw Hunter's bets live and I was amazed. He turned 0.005 BTC into 35 BTC. That's just fucking insane. I've had some crazy runs, but nothing as crazy or lucky as that.

It would be extremely stupid for Devans to steal money from investors. This business is very profitable for him. Not only because of the comission he gets for running it, but he's probably a big investor there, so he also profits that way. And annual returns are very high.

[StackGambler]

For the record, I trust both RHavar and devans and I don't think they would ever cheat.

Now, hypothetically speaking, I think the odds of a malicious player have been dramatically understated. RHavar makes it sound like it's some crazy thing for both systems to be independently compromised, or for collusion to happen, but it's simply not. RHavar and devans have known each other for many years, and have in fact made deals between each other of over 500 BTC. They are effectively the same person in this scenario. Collusion is not a possibility, it should be a presumption. If investors distrust Ryan OR Daniel, they should not invest! Trusting one is not enough, because they could easily collude. (Once again, this is just an observation. I would invest in bustadice because I trust them both.)

I saw Hunter's bets live and I was amazed. He turned 0.005 BTC into 35 BTC. That's just fucking insane. I've had some crazy runs, but nothing as crazy or lucky as that.

It would be extremely stupid for Devans to steal money from investors. This business is very profitable for him. Not only because of the comission he gets for running it, but he's probably a big investor there, so he also profits that way. And annual returns are very high.

That doesn't matter at all. devans can steal from bustabit investors undetected, and he can steal from bustadice investors with the help of RHavar. Players and investors would never know. It makes no difference. From my conversations with devans, I can tell that he is a standup guy and I wholeheartedly believe that he would never do such a thing, but, if someone else were operating this site, not only would theft be plausible, it would be extremely probable. It's basically free money sitting there.

[devans]

For the record, I trust both RHavar and devans and I don't think they would ever cheat.

Now, hypothetically speaking, I think the odds of a malicious player have been dramatically understated. RHavar makes it sound like it's some crazy thing for both systems to be independently compromised, or for collusion to happen, but it's simply not. RHavar and devans have known each other for many years, and have in fact made deals between each other of over 500 BTC. They are effectively the same person in this scenario. Collusion is not a possibility, it should be a presumption. If investors distrust Ryan OR Daniel, they should not invest! Trusting one is not enough, because they could easily collude. (Once again, this is just an observation. I would invest in bustadice because I trust them both.)

I saw Hunter's bets live and I was amazed. He turned 0.005 BTC into 35 BTC. That's just fucking insane. I've had some crazy runs, but nothing as crazy or lucky as that.

Of course it is not entirely impossible for both of our servers to be compromised at the same time and without our knowledge. But especially considering how miniscule the attack surface of the audit server is by design, it is very unlikely. bustadice's unique architecture doesn't just protect investors, it also gives me as the game operator great confidence that Hunter's win was legitimate.

With regard to possible collusion I disagree with you because your reasoning is flawed. If you ascribe each of us a certain probability of being malicious, then the probability that both Ryan and I are malicious is necessarily lower than the probability of only one of us being malicious. That we have a certain amount of trust for one another doesn't change that. It's not like knowing someone for a long time suddenly makes you want to violate your principles and commit fraud.

[RHavar]

In the past I have considered whether having the same hosting provider, same programming language, etc. is still "single point of failure" in this perspective though. But that is probably being extremely paranoid (and I obv don't know details here anyway.) But sure, on any other invest site (without "audit server") I would withdraw my funds right away now lol. Those bets are pretty sick lol, not the profit itself, but 1.01x the whole time and then the timing of switching to this huge target, damn. But congrats until otherwise proven I guess.

(emphasis mine)

I'm not really worried about programming language/environment similarities, on account of the audit server been written in a very popular programming language with zero package dependencies on a pretty standard OS image. The machine is extensively firewire walled of (mainly just DoS concerns). The audit server itself is insanely simple, it just has 3 endpoints which log  requests/response to disk. And then I scan the logs with a script I wrote that checks for any form of cheating (e.g. seed reuse, nonces not used in order, seedHash not match etc.) and calculates what the profit is expected to be. The tool to audit the server log is actually a *lot* bigger and complex than the server itself.  (Fun fact: Out of extreme paranoia, I've never shared with anyone the code that audits the audit servers log. Just incase I've made a coding error which would mean not identifying a type of cheating or miscalculating expected profits -- it's best if no one can know)


I think the bigger concern is perhaps that Daniel and I did decide to host it in the same physical datacenter on account of minimizing latency. That's potentially a weakness, although likely not a huge one. I assume you'd need be something like a state-actor to pull that off (being able to physically walk into the datacenter with guns and badges would probably make the attack a lot more feasible).

But if anyone advanced enough to pull off the perfect crime of pillaging a 2-independent server setup like bustadice, doing it for 35 btc like that doesn't make sense. Might as well have made it look less weird, and done it for 1000 btc+.

But yeah, in general I agree with you. I'd be like "oh shit, this is looking weird" if the exact same bets happened on bustabit (where there's no audit server). But with bustadice, I'm a bit like *yawn*.  (Although I'm in a bit of a unique of not needing to blind-trust anyone). But I think it's a good reminder to investors about how risky bankroll investing is.

[iTradeChips]

i made a cashout request. how long does it stay on queue?

[devans]

i made a cashout request. how long does it stay on queue?

As long as you don't uncheck the "Instant withdrawal" box your withdrawal will be processed immediately. If you do uncheck the box then your withdrawal will be queued and processed within 24 hours.

If queuing your withdrawal was a mistake you can always cancel the withdrawal from your withdrawal history at https://bustadice.com/account/withdraw and request it again as an immediate withdrawal.

[okala]

i made a cashout request. how long does it stay on queue?

If you use the high fees mode which is set by the site your Cash out will occur immediately after 10 confirmation on the blockchain, if you use the low fee method then your withdrawal will be que and will occur when the network becomes free and that will happen within 24 hours.

[devans]

The intended purpose of the offsite system is primarily for investors to decrease their counterparty risk by holding part of their investment themselves. It was never intended as a roundabout way for investors to increase their risk beyond what is safe according to the Kelly criterion.

But as bustadice's bankroll continues to grow, I believe the offsite system is increasingly being (ab)used to do just that. At over 5,800 BTC, bustadice's bankroll is only rarely fully utilized, so investors' desire to gain a larger stake in it by leveraging is understandable. However, it is arguably unfair towards other investors and is also not in bustadice's best interest, which ideally wants a stable and highly utilized bankroll.

In the past I've already reduced the maximum leverage for new offsite investments a number of times to discourage overleveraging and today I am disabling the ability to make new offsite investments entirely. Existing offsite investments are unaffected. Investors with offsite investments can still add to or remove from their onsite bankroll without being forced to divest their offsite portion. It is also possible to lower your offsite investment without fully removing it.

[adamvp]

I cannot create an bustadice account
Invalid user name. error message is showing up whatever username I would like to choose And I've tried in 3 different browsers :|

[beveryu778]

I cannot create an bustadice account
Invalid user name. error message is showing up whatever username I would like to choose And I've tried in 3 different browsers :|

The team behind the project have to fix the issue as early as they can. Because users are eagerly waiting to make the use of the platform.

[adamvp]

I'd like to join their signature bounty; but account is required to do so
BTW what are conditions of withdrawals in bustadice? Any kind of verification, KYC AML or so?

[feryjhie]

I'd like to join their signature bounty; but account is required to do so
BTW what are conditions of withdrawals in bustadice? Any kind of verification, KYC AML or so?

for their signature campaign here the link, but it seems the campaign currently is full. so you need until they have an open spot for new member
as i know that there is no KYC required for withdrawing in bustabit/bustadice

[sunsilk]

I'd like to join their signature bounty; but account is required to do so
BTW what are conditions of withdrawals in bustadice? Any kind of verification, KYC AML or so?

Bustadice doesn't require KYC when you're about to withdraw your funds. Mininum withdrawal is just 100 bits and fees varies depending on hows network the situation.

See it for yourself, it's easy to use and user friendly.

[Idrisu]

Bustadice is my trusted gambling sites and one of the popular gambling sites that has been existing for long.  I have been gambling with them.  I like the withdrawal system and process and I wish other gambling sites really emulate them.

[devans]

I cannot create an bustadice account
Invalid user name. error message is showing up whatever username I would like to choose And I've tried in 3 different browsers :|

Unfortunately I'm not able to reproduce that. What user name are you trying to use? Is it possible that the name is actually invalid and that the error message is not a bug?

[sunsilk]

Bustadice is my trusted gambling sites and one of the popular gambling sites that has been existing for long.  I have been gambling with them.  I like the withdrawal system and process and I wish other gambling sites really emulate them.

The withdrawal process is so fast, you don't have to wait for an amount of confirmation.

And the cheapest fee that I've ever paid to withdraw was around 1.68 bits which is pretty low.

[JollyGood]

Bustadice is my trusted gambling sites and one of the popular gambling sites that has been existing for long.  I have been gambling with them.  I like the withdrawal system and process and I wish other gambling sites really emulate them.

The withdrawal process is so fast, you don't have to wait for an amount of confirmation.

And the cheapest fee that I've ever paid to withdraw was around 1.68 bits which is pretty low.

It would be very difficult to find many gaming sites out there that have a better reputation.

In the end everybody should do their own research before participating. There are too many sites out there and not all are equal but with its reputation and clean simple layout you cannot look beyond a handful of websites including Bustabit/Bustadice.

I just checked "ethercrash.io"

Is it also owned/operated by the Bustabit/Bustadice team?

[carlfebz2]

Bustadice is my trusted gambling sites and one of the popular gambling sites that has been existing for long.  I have been gambling with them.  I like the withdrawal system and process and I wish other gambling sites really emulate them.

The withdrawal process is so fast, you don't have to wait for an amount of confirmation.

And the cheapest fee that I've ever paid to withdraw was around 1.68 bits which is pretty low.

It would be very difficult to find many gaming sites out there that have a better reputation.

In the end everybody should do their own research before participating. There are too many sites out there and not all are equal but with its reputation and clean simple layout you cannot look beyond a handful of websites including Bustabit/Bustadice.

Regarding with Bustabit/Bustadice then theres no doubt that this is one of the best gambling sites nowadays and yes it would really be needed up some research before tending to play on any gambling sites.If we dont like to experience hassle and problems then better stick out to the most popular ones rather than trying out new and unknown sites.I have experience on playing bustabit and its still one of the most popular game nowadays.