bustabit – The original crash game

[devans]

Can we please have a feature how much fee we paid in total and until what profit the fee is paid already?

Yeah, the bankroll's profit ATH will be shown on the stats page starting with the next patch this Sunday. You can already see the commission investors have paid on the same page. Subtract 1,004.44752087 BTC from that figure in case you're looking for the commission since the recent change.

[juzam1337]

Can we please have a feature how much fee we paid in total and until what profit the fee is paid already?

Yeah, the bankroll's profit ATH will be shown on the stats page starting with the next patch this Sunday. You can already see the commission investors have paid on the same page. Subtract 1,004.44752087 BTC from that figure in case you're looking for the commission since the recent change.

I am more interested in the fee I paid, not the fee paid in total.

[JollyGood]

Terms of service agreements have to err on the side of caution. It's unlikely that devans will enforce much of it (for example, a large percentage of bustabit's userbase is from the USA and the Netherlands, and he could have blocked their withdrawals at any point, but he continually chooses not to). Similarly, although devans is reserving the right to take over dormant accounts, I'm sure if a player resurfaced, devans would credit the balance appropriately. It's what I would do, at least.

Having a harsh agreement in place simply removes liability in extreme circumstances. For players with unreasonable demands and expectations, a harsh agreement lets the operator have peace of mind: they can use their discretion when it comes to issues like this. If devans receives Bitcoin Gold or Bitcoin Cash from a player, he can choose to return it at his own discretion, but a player has no right to demand it. This just makes things easier during operation as players know exactly what to expect.

As RHavar stated, seeing as that the hash chain for bustabit has not changed, I'd say there's a near zero chance that bustabit has changed hands.

I am in no doubt that if ownership was to ever change hands the owner would give advance notice which would allow investors to pull out their funding (bankroll) any time they wanted before the websites were sold. To do anything less would be a completely reckless act and as we all know the websites and its owner has a great reputation and most (if not all) investors have complete confidence in him.

[JollyGood]

I am in no doubt that if ownership was to ever change hands the owner would give advance notice which would allow investors to pull out their funding (bankroll) any time they wanted before the websites were sold. To do anything less would be a completely reckless act and as we all know the websites and its owner has a great reputation and most (if not all) investors have complete confidence in him.

Have you even read this thread's history? Edit: Sorry, they are different threads.

This website has been "sold" fast multiple times to unknown buyers (I specially remember the first "sale" after the first owner got extorted or scared or something along those lines).  

Some speculate they were just little shell sells.  Why would someone have enough coins to buy a website like this and then need to give away most of their profits to someone else to bankroll it?

How many times has Bustabit/Bustadice been sold? I thought RHavar created it and at some point sold it to devans. I do not know anything about multiple sales of Bustabit/Bustadice.

The bankroll part is purely commercial. I have no idea how much the websites were sold for and I do not know for sure why devans does not return all the bankroll to investors so he can cover everything himself. You make a valid point about it though.

Personally I think there will be issues returning the bankroll because maybe investors also play on the websites themselves which means plenty of regular game players thus a regular recurring income, therefore losing them would affect the website income flow when investors go elsewhere with their funds.

Maybe devans can shed some light on it

[hopenotlate]

I am in no doubt that if ownership was to ever change hands the owner would give advance notice which would allow investors to pull out their funding (bankroll) any time they wanted before the websites were sold. To do anything less would be a completely reckless act and as we all know the websites and its owner has a great reputation and most (if not all) investors have complete confidence in him.

Have you even read this thread's history? Edit: Sorry, they are different threads.

This website has been "sold" fast multiple times to unknown buyers (I specially remember the first "sale" after the first owner got extorted or scared or something along those lines).  

Some speculate they were just little shell sells.  Why would someone have enough coins to buy a website like this and then need to give away most of their profits to someone else to bankroll it?

How many times has Bustabit/Bustadice been sold? I thought RHavar created it and at some point sold it to devans. I do not know anything about multiple sales of Bustabit/Bustadice.

-snip-

Quoting an old post of mine about this matter :

Is bustabit first crash game?

Yes, It was called moneypot when it was first announced and launched here back in 2014. Then it was rebranded to bustabit and in latter moment it was, as far as I understood, recoded and modified to bustabit 2.0.

and who invented crash game?

As far as I know user espringe invented it; btw it's a pity he is not anymore around here on bitcointalk.

Here is original announcement thread : https://bitcointalk.org/index.php?topic=709185.0

Hope I remember things correctly , maybe Devans or Rhavar might correct me.

So, unless I miss something, bustabit (formerly moneypot) was sold two times : from espringe to Rhavar and then from Rhavar to Devans.

[DarkStar_]

Some crazy whale action last night:


EasternUnion walked away with just under 160 BTC of profit 

[StackGambler]

News from the bustabit Discord, users from multiple countries are reporting that both bustabit and bustadice are down.

Edit: It appears that people connected to the site can still play (and not chat), but anyone who refreshes or tries to connect will get a DNS error

[malevolent]

Can confirm, doesn't work, doesn't work over Tor with different circuits, doesn't work over VPN. IP addresses from multiple European countries and the US. https://www.cloudflarestatus.com/ doesn't show anything. How long has it been down for others?

edit: both sites work now

[StackGambler]

Can confirm, doesn't work, doesn't work over Tor with different circuits, doesn't work over VPN. IP addresses from multiple European countries and the US. https://www.cloudflarestatus.com/ doesn't show anything. How long has it been down for others?

Not long it seems, first report was at 04:52. Also, games seem to be running fine with players playing normally (for those who are still connected). Pretty weird. Daniel is probably asleep so I'm sure it'll be fixed up in the AM.

[sunsilk]

News from the bustabit Discord, users from multiple countries are reporting that both bustabit and bustadice are down.

Edit: It appears that people connected to the site can still play (and not chat), but anyone who refreshes or tries to connect will get a DNS error

Visited bustadice and it says

Code:

Error 523 - Origin is Unreachable

The same error for bustabit

How long has it been down for others?

I think just for few hours. I've visited them earlier this day and it's still fine.

Edit: both are now in maintenance  and fixed

[JollyGood]

Currently showing: "Maintenance"   Both are down, Bustabit and Bustadice.

So, unless I miss something, bustabit (formerly moneypot) was sold two times : from espringe to Rhavar and then from Rhavar to Devans.

Thank you for the information

Some crazy whale action last night: EasternUnion walked away with just under 160 BTC of profit  

160BTC. Now we are taking about phenomenal amounts of money. I wonder how many other gaming/casino sites have users walking away with that sort of cash. Plenty of users, trust, reputation and investment is needed to generate those sorts of amounts.

[StackGambler]

Everything is back up and good to go now 

[devans]

Our web host is experiencing some issues. I've moved to a different provider in the meantime and you should be able to connect normally again.

[BTCevo]

Our web host is experiencing some issues. I've moved to a different provider in the meantime and you should be able to connect normally again.

Actually I still have this problem, because I cant connect it again when it said connecting, at some moment it keeps on disconnecting and keep doing this thing again and again. I can't even checked on the easternunion stats which is walk away with negative 160 btc. I never saw someone is really losing that huge amount before. He is profitting 50 btc before he crashed to -160 btc

[JasonFC]

Our web host is experiencing some issues. I've moved to a different provider in the meantime and you should be able to connect normally again.

Actually I still have this problem, because I cant connect it again when it said connecting, at some moment it keeps on disconnecting and keep doing this thing again and again. I can't even checked on the easternunion stats which is walk away with negative 160 btc. I never saw someone is really losing that huge amount before. He is profitting 50 btc before he crashed to -160 btc

That's probably just your internet connection. The website is working fine for me. Also, FWIW, the user "easternunion" currently holds a net profit of 159,917,517.85 bits, which is close to 160 BTC (profit).

[ahmadakbari]

Our web host is experiencing some issues. I've moved to a different provider in the meantime and you should be able to connect normally again.

Actually I still have this problem, because I cant connect it again when it said connecting, at some moment it keeps on disconnecting and keep doing this thing again and again. I can't even checked on the easternunion stats which is walk away with negative 160 btc. I never saw someone is really losing that huge amount before. He is profitting 50 btc before he crashed to -160 btc

That's probably just your internet connection. The website is working fine for me. Also, FWIW, the user "easternunion" currently holds a net profit of 159,917,517.85 bits, which is close to 160 BTC (profit).

I got confused.
I visited this link: https://www.bustabit.com/user/easternunion . The diagram shows that easternunion has earned nearly 160 BTC.
But the diagram posted in the previous page (https://bitcointalk.org/index.php?topic=2897545.msg52719381#msg52719381) shows that this user has lost 150 BTC.

[devans]

BTW with the new commission structure, how does that affect dilution fees? Like say the site is at an ATH profit, and someone pays 1 BTC in dilution fees. Will bustabit take a 50% cut, or is it commission free?

Dilution fees are neutral to the bankroll's overall profit, so they go to bankroll investors in their entirety without bustabit taking a cut.

[devans]

Our web host is experiencing some issues. I've moved to a different provider in the meantime and you should be able to connect normally again.

Actually I still have this problem, because I cant connect it again when it said connecting, at some moment it keeps on disconnecting and keep doing this thing again and again. I can't even checked on the easternunion stats which is walk away with negative 160 btc. I never saw someone is really losing that huge amount before. He is profitting 50 btc before he crashed to -160 btc

If the web site loads for you but you can't connect to the game it's not an issue with the web server. Send me a PM here on the forum with your user name and IP address (you can find it at http://icanhazip.com) and I'll have a look for you.

[thereg1]

months of investing profit rekt by PredictableLegacy

increasing betting limits and so increasing volatility like this isn't a good thing for people like me who wanted a half stable interesting place to put some of their btc. maybe you dont have much sympathy for investors but i have been recommending this site for a long time and I feel a bit sore. max bet doesn't need to be more than a few BTC as we are working with only 0.5% house edge, whales can easily come in like this and ruin it for us. I don't want to be the counterparty for huge bets, i would rather be in a pool against many smaller ones.

[malevolent]

Actually, volatility is lower now with how commissions are now calculated. With a lower max bet, the site would be less attractive to whales. Just how profits have been quite generous in the past, among other reasons due to whales leaving a lot of money behind, it also means that once in a while the pendulum can swing in the other direction. But as long as the site remains similarly popular it shouldn't be a problem, and the whale is still >600 BTC in the red. And he may well continue losing if he doesn't walk away.