bustadice – Next Generation Dice

[devans]

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.

[Fivestar4everMVP]

I don't actually WANT to annoy you by the way. I just WANT to gamble SOMEWHERE. And now I know of the existence of this site called moneypot, I will go over there and be their problem. SO long as you let me withdraw, because I don't want to have to sell my account and lose like 10k bits in value. If you force me to do that then I will continue to spam you in both emails, forum posts and making accusation posts, for much longer than you think I can before I get bored


fucking annoying cunt just make BOTH our lives easier. You know I'm petty though, so if you just ignore this like the rest then I'll continue posting until you recognize that I don't plan on slowing down

Well, right now, you are actually spamming, and this is not going to end well for you is you continue, i believe this account is not your first account on this forum, why are you not posting with your main account?, why did you created a new account?..

Have you created a scam accusation on this same issue before?

I personally know that 600 pounds is sure a lot of money, and I understand how hurt you must be right now, but you need to calm down, else, you might end up being banned if you continue spamming, posting multiple comments on a thread sequentially just as you did above is going against the forum rules, permanent ban is the penalty for doing such, so have that in mind and say everything you want to say in one comment, and then allow some one else to respond before you post another.

[Odusko]

Bankroll is the foremost for the crypto currency casino.Because the casino with low bankroll, how he pay the winning gamblers.So this was the basic one considered by the gamblers to inverse their money.Secondly the wager is the importance thing decide the crypto casino is good or bad.The people in Bustadice all form the good community, but it's became a hard to convey to their.The way of applying to the websites is based on the reputation to their website in the past.So bustadice had good future,if they had concrete on this issue.

because the first criterion of a casino is a large bankroll that can afford to pay customers who get big wins.
as far as I know Busstadice is an online casino that has been around for a long time and I think they have a bankroll that is likely to be able to pay out wins by their customers.
because until now Busstadice is still running and running smoothly without any problems. meaning it is true that they have enough bankroll to pay their customers and I think they are still the same as other casinos that limit bets to minimize on the bankroll that is owned.

Casinos have all this in check and that is why they have a house edge in their probably fair system, and also some casinos have some other features that they use to generate liquidities such as the bankroll investment which is available on some casinos, and bustadice is one of such casinos that have this feature in their casinos and at most allot of other casinos have such feature also.
Liquidity is one very important thing for a casino and at that any casino that can not meet up with a large pool of liquidity to settle any possible max bet jackpot is likely going to get broke at some point.

[logfiles]

Well, right now, you are actually spamming, and this is not going to end well for you is you continue, i believe this account is not your first account on this forum, why are you not posting with your main account?, why did you created a new account?..

Guys don't even bother reasoning with him. He doesn't listen. His two other accounts were already banned, and yesterday he created a third one, which has already been nuked as well. He keeps doing the same thing over and over again. I wouldn't be surprised if he created another account to continue spamming. His immature kind of behaviors is very evident and I perfectly understand why they don't want him anywhere in Bustadice or Bustabit.

If he comes back, don't bother wasting your time engaging with him. Just report the account to the mods for ban evasion. They will deal with him.

[devans]

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.

Here's what's happening:
Next Monday (February 26) at 15:00 UTC bustadice will go offline during its regular maintenance window and Leo will step in to take over. Because of the complicated nature of the transfer we expect the downtime to last longer than usual, up to a few hours. We will keep this thread updated with our progress.

What happens to bankroll investments?
I have reached out to all bankroll investors via email and asked those that do not want to remain invested in the bankroll to divest. Investors that I haven't been able to get in touch with by next week will be divested prior to the handover. It goes without saying that all users including investors are free to withdraw all their money at any time.

[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