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Author Topic: bustabit – The original crash game  (Read 54454 times)
RealMalatesta
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November 06, 2019, 02:04:32 PM
 #921

Gambit used to have rock paper scissors... it wasn't provably fair or anything though.

Pretty sure I hold the record for winning the most BTC in a single match (5 or 10 BTC or something).

It was fun/stupid.  I'd do it again though.
The problem with rock paper scissors (and poker for that matter) is that you don't know if the person you are playing against is another human (or bot) or are you playing against the house who can see your hand. You don't know if your hand is known to other person or not, it is not provably fair at all so at the end of the day you are not sure if you are being scammed or not. Even if the website is as legit as it gets, there is no written proof of it so you are still unsure about what you are doing and if the other person knows it.

Bustabit is one of the most trustworthy websites out there in the crypto world and I would still be skeptical about playing in a place with no provably fair rock paper scissors, maybe for fun but definitely not to win because there is no house edge (maybe rake) in there so you could actually profit but without provably fair I still wouldn't dream about profiting.

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November 06, 2019, 02:20:39 PM
 #922

Gambit used to have rock paper scissors... it wasn't provably fair or anything though.

Pretty sure I hold the record for winning the most BTC in a single match (5 or 10 BTC or something).

It was fun/stupid.  I'd do it again though.
The problem with rock paper scissors (and poker for that matter) is that you don't know if the person you are playing against is another human (or bot) or are you playing against the house who can see your hand. You don't know if your hand is known to other person or not, it is not provably fair at all so at the end of the day you are not sure if you are being scammed or not. Even if the website is as legit as it gets, there is no written proof of it so you are still unsure about what you are doing and if the other person knows it.

Bustabit is one of the most trustworthy websites out there in the crypto world and I would still be skeptical about playing in a place with no provably fair rock paper scissors, maybe for fun but definitely not to win because there is no house edge (maybe rake) in there so you could actually profit but without provably fair I still wouldn't dream about profiting.

provably fair word is available on every gambling site , you can see that in thier homepage when you access them or on thier tagline/promotion  . they also provide tools to verify if they are really have a provably fair or not , you can check that your self but if you feel that there is something not right , you can always report them or leave them   .  bustabit is one of those trusted sites and i wont worry playing on them without the need of doing the above process

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November 06, 2019, 04:23:41 PM
 #923

The problem with rock paper scissors (and poker for that matter) is that you don't know if the person you are playing against is another human (or bot) or are you playing against the house who can see your hand. You don't know if your hand is known to other person or not, it is not provably fair at all so at the end of the day you are not sure if you are being scammed or not.

Sorry for getting off-topic, but RPS is very easy to make provably fair. In fact I do it all the time. Here's a good example of me playing in a provably fair way (for both of us) just using this forum: https://bitcointalk.org/index.php?topic=1588904.0 and includes a lot of explanation of how it works

Disclaimer: I'm down like 15 BTC net Sad Fuck RPS



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.
jostorres
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November 07, 2019, 08:41:16 AM
 #924

I still think non-cheatable systems have a sweet spot. Sometimes you want to stop people from cheating, but sometimes you overdo it and make regular gamblers gamble the way they don't want to. Just exactly as the double spending issue where if you do not make one confirmation a must there could be double spenders but if you do then impulse gamblers may lose hype.

Same here where you are both keeping the bots and all at bay with these methods but also you are making it harder for gamblers to gamble the way they like. At the end of the day this is a very professional website, I know it looks like only devans is working on it (and I am sure he does everything or most things) that doesn't mean it doesn't feel like a whole corporation the way they professionally take care of everything.

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November 07, 2019, 08:42:26 AM
 #925

Within a month I’ve been trying to develop a strategy for earning money on BaB, but nothing good has come of it. It turns out to make an algorithm that can work 5 hours bringing a plus, then 5 hours nothing, and then go to minus, this is the best script I have made. If anyone knows the grail, give a hint where to dig.
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November 07, 2019, 10:11:56 AM
 #926

Sorry for getting off-topic, but RPS is very easy to make provably fair. In fact I do it all the time. Here's a good example of me playing in a provably fair way (for both of us) just using this forum: https://bitcointalk.org/index.php?topic=1588904.0 and includes a lot of explanation of how it works

Disclaimer: I'm down like 15 BTC net Sad Fuck RPS

What a rollercoaster that thread was. Poor zirt!

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November 07, 2019, 04:07:33 PM
 #927

So the bustabit bankroll seems like an interesting place to potentially park some BTC. I'd like to understand the regulatory risks, by which I mean the risk that assets invested with bustabit are seized by authorities. No information about this is really provided on the site. What country is bustabit run from and does it have whatever licenses etc are required to run an online gambling enterprise?
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November 07, 2019, 05:06:44 PM
 #928

Everything your asking about is the Terms of Service or can be deduced by perusing it: https://www.bustabit.com/tos


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November 07, 2019, 05:07:11 PM
 #929

What country is bustabit run from and does it have whatever licenses etc are required to run an online gambling enterprise?

In the bottom-right of the homepage it has some info about license/incorporation in Curacao

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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November 07, 2019, 06:03:21 PM
 #930

PredictableLegacy now has a Twitter and Twitch account.

Twitter: @PredictableLeg

Twitch: @PredictableGames

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November 07, 2019, 06:22:30 PM
 #931

So the bustabit bankroll seems like an interesting place to potentially park some BTC. I'd like to understand the regulatory risks, by which I mean the risk that assets invested with bustabit are seized by authorities. No information about this is really provided on the site. What country is bustabit run from and does it have whatever licenses etc are required to run an online gambling enterprise?
It is like parking your coins at exchanges. You dont have the private key of the wallet at the exchange/gambling site/... so technically those coins are not "yours" anymore. Of course there is a risk that the site gets seized or the exchange gets hacked and you lose your coins, if that happens no terms of service or promise can guarantee that you will get your coins back.

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November 07, 2019, 06:44:32 PM
 #932

Everything your asking about is the Terms of Service or can be deduced by perusing it: https://www.bustabit.com/tos



Ah, thanks. Curacao, interesting.
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November 07, 2019, 07:04:28 PM
 #933

RPS is very easy to make provably fair. In fact I do it all the time. Here's a good example of me playing in a provably fair way (for both of us) just using this forum: https://bitcointalk.org/index.php?topic=1588904.0 and includes a lot of explanation of how it works
I didn't know RPS could be provably fair, that makes things a lot easier to add in a game. I would really love to make a website with provably fair RPS in it, you wouldn't need any bankroll at all, just make people gamble against each other in a provably fair method and you would make money from rake instead of spending any money yourself.

However, there would be development+design+marketing costs and as a person who has less than 5k dollars in bank account all I can offer would be cheap third world development+design and wouldn't be a good job done for that amount of money and on top of that I wouldn't have enough to market it.

People think when you can code a casino the job is done, that is literally just step one of creating a website bustabit didn't became bustabit in one day.

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November 07, 2019, 07:40:44 PM
 #934

RPS is very easy to make provably fair. In fact I do it all the time. Here's a good example of me playing in a provably fair way (for both of us) just using this forum: https://bitcointalk.org/index.php?topic=1588904.0 and includes a lot of explanation of how it works
I didn't know RPS could be provably fair, that makes things a lot easier to add in a game. I would really love to make a website with provably fair RPS in it, you wouldn't need any bankroll at all, just make people gamble against each other in a provably fair method and you would make money from rake instead of spending any money yourself.

However, there would be development+design+marketing costs and as a person who has less than 5k dollars in bank account all I can offer would be cheap third world development+design and wouldn't be a good job done for that amount of money and on top of that I wouldn't have enough to market it.

People think when you can code a casino the job is done, that is literally just step one of creating a website bustabit didn't became bustabit in one day.

We've actually got a RPS mode on our site releasing soon.
However we're still considering the best way to approach it, as it's only truly Provably fair for the joiner, not the creator.
In theory the casino could still know what side to chose if someone were to make a game, the only way to combat this is having the user submit the hash themselves.
So you're sacrificing user experience and introducing a lot of human error into the mix, versus just having a warning that states it's only provably fair for the joiner, not the creator of the game.

Heat.GG | PVP Bitcoin Gambling | Provably fair | Coinflip Jackpot RPS | 0.25% Fees
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November 08, 2019, 02:41:52 AM
 #935

Within a month I’ve been trying to develop a strategy for earning money on BaB, but nothing good has come of it. It turns out to make an algorithm that can work 5 hours bringing a plus, then 5 hours nothing, and then go to minus, this is the best script I have made. If anyone knows the grail, give a hint where to dig.

Invest in the site's bankroll or start your own site if you have the means, i.e. stop gambling, these are your moneymaking grails.

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November 08, 2019, 12:15:49 PM
 #936

Everything your asking about is the Terms of Service or can be deduced by perusing it: https://www.bustabit.com/tos

Ah, thanks. Curacao, interesting.


Well as a minimum standard many gaming websites show they have some sort of incorporation use Curaçao Licence.

In essence, if companies are incorporated in their country of residence they will probably be breaking the law as they will need a casino licence which will probably never be granted to a small company or start-up. Getting a gaming licence from the UK, EU or US for a small company or start-up with small amounts of funding will never happen. Registering a casino in Costa Rica such as when serial scammer Dean Nolan did with betking.io during the ICO in 2017 using an off-shore registrar is easy. So is registering in Curaçao. Neither offer investors or game players any real protection.

One of the main things it does for the owners when using Costa Rica and Curaçao is that they remain anonymous, their names and addresses are not made public and are not accessible by anybody. In the EU you can go online and find background information on any incorporation including names and addresses of shareholders.

A Curaçao licence does not actually provide any benefit to the end user, this quote in the link below just about sums it up "The greatest disadvantage of a license from Curacao is that it doesn't have much meaning":

https://www.gamblingsites.org/laws/curacao/


When Bustabit and Bustadice had an issues where some Bitcoin were stolen their owner ensured it was fixed fast and topped up the losses from his own pocket so bankroll investors did not lose out. That sort of behaviour has given Bustabit and Bustadice a great reputation and that reputation of the websites and its owner are a far bigger seal approval than the Curaçao seal.

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November 08, 2019, 04:01:00 PM
 #937

^ yeah, the license is more to protect the owner and legitimize his new income stream wrt paying taxes and whatnots.

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November 08, 2019, 07:00:12 PM
 #938

If heat.gg is not making a provably fair one (they literally stated themselves) then there is no point on playing there, it all comes down to trusting the website and why would I, I wouldn't mind playing there with provably fair games, I have nothing against anyone in the crypto world but if it is not provably fair then I am not going to really risk it.

Also, you are definitely right if there was a way to provide hash myself I wouldn't play there neither because it is way too much work to put for just a simple RPS game, if there is a way to make RPS provably fair without too much work (basically just clicking) then I would love to play there, if there is nothing well I am not playing RPS right now so I would just continue to do that until someone figures it out.

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November 09, 2019, 08:14:56 AM
 #939

If heat.gg is not making a provably fair one (they literally stated themselves) then there is no point on playing there, it all comes down to trusting the website and why would I, I wouldn't mind playing there with provably fair games, I have nothing against anyone in the crypto world but if it is not provably fair then I am not going to really risk it.

Also, you are definitely right if there was a way to provide hash myself I wouldn't play there neither because it is way too much work to put for just a simple RPS game, if there is a way to make RPS provably fair without too much work (basically just clicking) then I would love to play there, if there is nothing well I am not playing RPS right now so I would just continue to do that until someone figures it out.


I'd rather refrain from advertising the site on devans thread, however we do have two other modes (Jackpot & Coinflip) Which are 100% Provably fair with unmined hashes from EOS blocks determining the winner.
There's a lot of complications when designing a provably fair system for RPS that's both user friendly and safe.
Like I said above, there's a way to do it however it introduces a huge window for user error and user experience is thrown out, as well as the additional learning curve of the play-style.
You can make RPS provably fair if it were house based i.e house creates games, however I feel this also takes away the unique feel of it as RPS traditionally is more known for not being a game of complete sheer randomness, and there's some minor strategies you can employ such as getting in your opponents head, conversely you could just randomly generate your choice.
Playing against the house basically just turns it into any other dice game / coinflip, where the outcome is you either double your money, draw, or break even.

Heat.GG | PVP Bitcoin Gambling | Provably fair | Coinflip Jackpot RPS | 0.25% Fees
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November 09, 2019, 09:10:15 AM
 #940

Within a month I’ve been trying to develop a strategy for earning money on BaB, but nothing good has come of it. It turns out to make an algorithm that can work 5 hours bringing a plus, then 5 hours nothing, and then go to minus, this is the best script I have made. If anyone knows the grail, give a hint where to dig.

Invest in the site's bankroll or start your own site if you have the means, i.e. stop gambling, these are your moneymaking grails.
In fact I'm already close to finding the Grail, the answer to how to play lies on the surface, just no one is looking for easy ways and come up with something more complex, such as strategies with averages and medians. You can start the game after the crash below 1.13x. Judging by the history, trains below 1.27x are quite rare; you can earn bits in between this trains. Immediately after the crash 1.13, start the game with a doubling and Cashout at 1.27x.
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