bustadice – Next Generation Dice

[leomedina]

Hey! As Daniel has already mentioned, I will be overseeing bustadice's operations moving forward.

I took advantage of the opportunity and integrated ActuallyFair.com's Vx into our multi-party provably fair scheme. Final roll results will now be computed with input from the player, the game server and Vx (instead of the old auditor), while preserving all provably fair guarantees. To see how it works, take a look at this comprehensive sequence diagram, at our open-source verifier, or at this illustrative demo.

We will continue to honor Bitcoin deposits to existing deposit addresses until June 1, 2024. After this date, they will become obsolete. Therefore, we ask that you stop depositing to your old deposit addresses by this date.

[SamReomo]

I've reached an agreement with Leo Medina to sell bustabit and bustadice. While most of you know him as the operator of MoneyPot, he's worked with me as part of our developer team behind the scenes for several years.

It's a very surprised decision but if that's for the good of players and for the good of those platforms then I don't think anything is wrong with that. Moneypot is known name by the members of Bitcointalk becasue they have run their signature campaign for sometime on this forum a few week ago, I don't know if they are still running it or not but I hope Leo Medina will be able to handle those platforms very well.

It goes without saying that all users including investors are free to withdraw all their money at any time.

That statement is more than enough to convince all those people who invested on their money on the platform and it's also enough to convince the players who want to withdraw their funds. I'm quite sure most of the investors and players won't be withdrawing their money because they expect a lot from the platform.

[pascal257]

@devans @leomedina

How is the cold wallet, dead man's switches etc. handling moving forward? Would you care to elaborate?

Multisignature cold storage
The majority of users' funds is securely held in 2-of-3 cold storage with keys split between Daniel of bustabit, Ryan and a trusted third party.

This wallet can only be accessed with the approval of at least two keyholders and ensures that users' deposits can be safely returned to them if something were to happen to one of the keyholders.

My question is not related to gambling or bustadice but I think it will be interesting for everyone. As you say, your team runs 2-of-3 multisig cold wallet and I want to know, how seriously do you take that in real life? I mean, do two of you or three of you ever move together? For example, via car? Because if you two are together in the car or on airplane and something bad happens (god bless you), two man is gone and wallet is left with only one man who can't sign a transaction alone.
I know this question may be curious for you and many people here but I am really interested in, how big companies manage their cold wallets.

bustadice actually moved from a 2-of-3 wallet to a 2-of-2 wallet a while back. While I updated the homepage back then, I hadn't updated the OP in this thread yet, so it's good that you point it out. The auditor (Ryan) is still the second keyholder, so the only thing that's changed is that redundancy is now provided by a combination of backups, dead man's switches etc. rather than a third keyholder.

To answer your question, we're rarely in the same location at the same time, but even if something happened to both of us at once I can promise that everyone including investors would be able to withdraw their money in an orderly fashion.

[leomedina]

@devans @leomedina

How is the cold wallet, dead man's switches etc. handling moving forward? Would you care to elaborate?

Multisignature cold storage
The majority of users' funds is securely held in 2-of-3 cold storage with keys split between Daniel of bustabit, Ryan and a trusted third party.

This wallet can only be accessed with the approval of at least two keyholders and ensures that users' deposits can be safely returned to them if something were to happen to one of the keyholders.

My question is not related to gambling or bustadice but I think it will be interesting for everyone. As you say, your team runs 2-of-3 multisig cold wallet and I want to know, how seriously do you take that in real life? I mean, do two of you or three of you ever move together? For example, via car? Because if you two are together in the car or on airplane and something bad happens (god bless you), two man is gone and wallet is left with only one man who can't sign a transaction alone.
I know this question may be curious for you and many people here but I am really interested in, how big companies manage their cold wallets.

bustadice actually moved from a 2-of-3 wallet to a 2-of-2 wallet a while back. While I updated the homepage back then, I hadn't updated the OP in this thread yet, so it's good that you point it out. The auditor (Ryan) is still the second keyholder, so the only thing that's changed is that redundancy is now provided by a combination of backups, dead man's switches etc. rather than a third keyholder.

To answer your question, we're rarely in the same location at the same time, but even if something happened to both of us at once I can promise that everyone including investors would be able to withdraw their money in an orderly fashion.

Hey! I am going to use a 2-of-3 multisig wallet for funds along with a dead man's switch in case anything happens to me, so that users and investors will be able to get their money back.

[pascal257]

Any information on the other two parties?

@devans @leomedina

How is the cold wallet, dead man's switches etc. handling moving forward? Would you care to elaborate?

bustadice actually moved from a 2-of-3 wallet to a 2-of-2 wallet a while back. While I updated the homepage back then, I hadn't updated the OP in this thread yet, so it's good that you point it out. The auditor (Ryan) is still the second keyholder, so the only thing that's changed is that redundancy is now provided by a combination of backups, dead man's switches etc. rather than a third keyholder.

To answer your question, we're rarely in the same location at the same time, but even if something happened to both of us at once I can promise that everyone including investors would be able to withdraw their money in an orderly fashion.

Hey! I am going to use a 2-of-3 multisig wallet for funds along with a dead man's switch in case anything happens to me, so that users and investors will be able to get their money back.

[Martingaleboy]

Can anyone make me a custom script I can pay 20$

[JollyGood]

The amount of money both Bustadice and Bustabit were making for the owner was extremely impressive. I have seen numbers regarding the divestment at Bustabit but viewed the Bustadice late, it is currently at 152 BTC. Does anybody know what the Bustadice bankroll was before the announcement was made by devans on 19th February 2024 regarding the sale of Bustadice (and Bustabit)?

[pascal257]

It was around 700.

The amount of money both Bustadice and Bustabit were making for the owner was extremely impressive. I have seen numbers regarding the divestment at Bustabit but viewed the Bustadice late, it is currently at 152 BTC. Does anybody know what the Bustadice bankroll was before the announcement was made by devans on 19th February 2024 regarding the sale of Bustadice (and Bustabit)?

[JollyGood]

It is now at 144.
 
Personally, I think the sale is probably a good move because the new owner/operator already possesses the know-how to run Bustabit/Bustadice as well as improve them. It looks as though the new owner/operator will have to do a lot of work to gain the trust of investors even though devans has stated he has known and worked with him for several years.

I wish both the new owner and devans the best of success.

It was around 700.

The amount of money both Bustadice and Bustabit were making for the owner was extremely impressive. I have seen numbers regarding the divestment at Bustabit but viewed the Bustadice late, it is currently at 152 BTC. Does anybody know what the Bustadice bankroll was before the announcement was made by devans on 19th February 2024 regarding the sale of Bustadice (and Bustabit)?

[logfiles]

<...>

I just got to know about this today. An end to a rather colorful era. Hopefully, leomedina continues the great work and reputation from where you have left. Thanks for the great times.

We will continue to honor Bitcoin deposits to existing deposit addresses until June 1, 2024. After this date, they will become obsolete. Therefore, we ask that you stop depositing to your old deposit addresses by this date.

Perhaps email reminders to existing customers could also be necessary as early as possible.

[devans]

Just a quick update: Everything is going to plan with no unexpected problems. However, parts of the migration are taking longer than anticipated. We expect to bring bustabit back online first in the next few hours. Due to its database's size bustadice will likely need closer to 12 hours from now. Leo or I will update this thread again once we can provide a better estimate.

[leomedina]

Good news! both bustabit and bustadice are back online. Thanks for hanging in there. Let the fun begin! (while we continue monitoring things).

[Ghost_Nipple]

Good to Know, maybe I'll bet a few rounds