bustabit – The original crash game

[RHavar]

You should just stop misusing the word "provably fair"

I'm trying to be as diplomatic as possible, but you're making it hard. Bustabit has no special investor system, it's quite literally 100% trust-daniel-to-not-cheat. I am confident this has never been misrepresented at any time, especially not by me.


Bustadice on the other hand has better investor guarantees, especially so for me (as I act in the privileged position as auditor, which AFAICT gives me provably-fair level guarantees) and because of that I actually have invested more in bustadice than bustabit, despite worse expected returns (as I see it as less risky for me).

If you want to discuss the bustadice investor system, I suggest you do is do it in the bustadice thread as it's not relevant to here.

[BayAreaCoins]

I'm trying to be as diplomatic as possible, but you're making it hard.

There isn't any diplomacy in misusing a word that inspires false confidence from investors.

Just say this:

Although I actually agree with you in that provably-fair is the wrong term for it.

Fix it, don't do it again and go on with life.  Simple.  

I'm not here to fight with you or cause any grief.  Just trying to maintain the integrity of the word "provably-fair".  I would hope you can respect that.

Edit: Maybe I was wrong about the claim in regards to BustaBit... the problem seems to be just on BustaDice... which is owned & operated by the same people regardless.  However, I will keep searching tomorrow.  I'm going to bed now and not cause you told me to! hehe It's all good Big Ry-dawg.

[RHavar]

Fix it, don't do it again and go on with life.  Simple.  

I'm not here to fight with you or cause any grief.

You are being disingenuous. I didn't write it. It's not my website. I don't have access to fix it. And it's not even related to bustabit, which is the entire reason I started off by saying you're confusing people by talking about it here instead of the appropriate thread.


Before I say something I regret, I'm just putting you on ignore. Have a good day. ><

[BayAreaCoins]

You are being disingenuous.

No, I am not. I sincerely mean everything I'm saying.

Before I say something I regret, I'm just putting you on ignore. Have a good day. ><

Good call.  Have a good night as well.  I wasn't trying to upset you, but really you should know the difference between provably-fair and probably-fair.

I'm going to bed too, but not cause you told me so!

Put some ice on that butthurt.

[BayAreaCoins]

Sheesh Ryan... what happened to going to bed before you say something you regret?

Before I say something I regret, I'm just putting you on ignore. Have a good day. ><

17 minutes later...

I'm sorry, but this is beyond stupid. I actually agree with you about the language on the site needing to be changed. But the fact that you know it's not even my site (i'm just acting as auditor) and in fact, it's never been my site (Daniel built it from the start) makes this extra stupid. So I'll call your bluff and raise you negative.

I'm childishly abusing the trust system?!  *looks Ryan up and down* *bursts out laughing* lol! OK  

I left you & your associate neutral feedback in regard to something that you agree with:

Although I actually agree with you in that provably-fair is the wrong term for it.

and

I'm sorry, but this is beyond stupid. I actually agree with you about the language on the site needing to be changed.

and we had this talk back in March of this year too.

Read through everything... I still don't believe it is provably fair for investors, but it seems more like layering.

Layers help, but they don't make it mathematically fair for investors still.  I suppose it does make it fair for you though?

Yeah, you're right.

This is the second time I've had to call you or websites you're associated with out on misusing the term "provably-fair" in a fashion to give investors a false sense of security.  You bet your ass I left neutral feedback this time around.

I really don't think I'm abusing the trust system.  If anything, you are abusing the trust system, but I'm not mad at you.

Get some sleep, reconsider your feedback in the morning and send me that Bitcoin you owe me.  

I left you neutral feedback for absurd negative feedback you left me and I will leave you negative feedback tomorrow if you don't send that Bitcoin you owe me for me "remotely" showing that you personally have said investing is proveable-fair on y'alls site (Negative feedback will be left after midnight October 21, 2019).

Thanks, you probably should have just went to bed as you said.

Edit:  Ryan woke up and removed the negative feedback on his own prior to us using Dooglus as a third-party to settle the dispute in regards if Ryan owed me any BTC.

Double Edit: Dooglus ruled against me due to the fact I was unable to prove "both".  I've dropped my dispute.

[Battareus]

I watched ActuallyConanOBrien and ActuallyJimmyFallon bets for half a day, maybe these are 2 accounts with one strategy, their profit is at 70x, but after they started to increase the bid to large values, the chart started to crash around 50, and before that all the time game statistics had large values like 160x or even 2200x. I do not want to say anything bad about the honesty of this game, just a funny fact.

[BayAreaCoins]

Ryan has removed his negative feedback against me (lol fagggggggg).

Ryan has also opened an addition thread for this:  https://bitcointalk.org/index.php?topic=5194451.msg52819518#msg52819518

I have pledged to donate 100% of the 1.1 BTC Ryan said he would give me if I could "remotely" prove that he stated investing was provably-fair.

[dooglus]

I've seen you make the claim that both sites are "provably fair" for investors IF you trust you "two".  

I'll give you a bitcoin if you can remotely substantiate that. I've never said, or implied such a thing.

I was asked to give my opinion.

As I see it, Ryan's offer is that he will pay you if you can show that he has claimed both sites are provably fair for investors.

One of the two sites in question, Bustabit (the topic of this very thread), isn't provably fair for investors, and I've never seen anyone try to claim that it is.

To qualify for the payment you would need to show evidence of Ryan claiming that bustabit is provably fair for investors. Can you?

[BayAreaCoins]

Can you?

I can not at this time.

Only for Bustadice.  Which I thought qualified as "remotely" with ease.

Edit:  I have posted that I concede as agreed. https://bitcointalk.org/index.php?topic=5194451.msg52822895#msg52822895

Daniel RHavar does not owe me 1.1 BTC or 10 BTC.

gg

[RHavar]

Daniel does not owe me 1.1 BTC or 10 BTC.

I'm not interested in another argument, but I will just (again) state that I'm not Daniel. But believe what you want, it really doesn't matter to me but I rather just avoid leaving that unchallenged or people will take it a sort of implicit acceptance. 

[GamblingSiteFinder]

but I will just (again) state that I'm not Daniel.

We are all Daniel. 

But seriously, I'm just happy this thread can go back to normal.

[BayAreaCoins]

Daniel does not owe me 1.1 BTC or 10 BTC.

I'm not interested in another argument, but I will just (again) state that I'm not Daniel.

I said that on accident. (swear)

I meant "RHavar".  Updated.

Thank you for your time Dooglus.

[JasonFC]

There's nothing incorrect about the wording used on the bustadice web site. Investing in the bankroll of bustadice is provably fair under the condition that you don't expect the operator and the auditor to collude. That is a factual statement.

[dooglus]

There's nothing incorrect about the wording used on the bustadice web site. Investing in the bankroll of bustadice is provably fair under the condition that you don't expect the operator and the auditor to collude. That is a factual statement.

Not quite. It's possible that the operator and the auditor both get hacked. Then the hacker could cheat the investors without the operator or auditor even knowing about it, let alone colluding.

[Battareus]

Can someone explain intelligibly how the Bankroll works? For what period is interest accrue? How to cash out? Can I withdraw my money at any time? I read a few tips on the site and here and didn’t understand especially the part that says about new investors.
I would also like to know if I can somehow hide my nickname in this game, I don't want to be sniped.

[RHavar]

Can someone explain intelligibly how the Bankroll works? For what period is interest accrue? How to cash out? Can I withdraw my money at any time? I read a few tips on the site and here and didn’t understand especially the part that says about new investors.
I would also like to know if I can somehow hide my nickname in this game, I don't want to be sniped.

At a high level: the bankroll is the counter-party to players bets. So when people bet and win, they win from the bankroll. When they bet and lose, they lose to the bankroll.

Casinos will generally base the limits (i.e. max-profit) based on the size of the bankroll so they don't risk bankruptcy. So generally the bigger the bankroll, the bigger bets and betters the casino can safely handle.

So the idea of a crowd-funded bankroll is pretty simple. Let's say the bankroll of a site is 99 BTC, and you want to contribute 1 btc. The new size of the bankroll would be 100 BTC, of which you contributed 1 BTC. Thus you own 1% of the bankroll. So that's your stake. Now if the size of the bankroll changes due to people gambling, you keep the same stake. (i.e. you'll make 1% of the loss and profit).  At any time you came divest your stake to get bitcoin back.

Anyway, that's the rough idea of how it works at a high level.

I would also like to know if I can somehow hide my nickname in this game, I don't want to be sniped.

You are free to create and use multiple accounts. Balances and internal transfers between accounts are private information. However bets are public information and there's no way to hide this. But I don't see why you'd care if people snipe your bets, it's not like it changes your bet outcome or the game outcome

[Battareus]

You are free to create and use multiple accounts. Balances and internal transfers between accounts are private information. However bets are public information and there's no way to hide this. But I don't see why you'd care if people snipe your bets, it's not like it changes your bet outcome or the game outcome

I don’t know, maybe it's just my guesses, but yesterday I had 150 losses in a row, the game crashed before reaching my profit and would have reach at 151 time, but my balance had already ended at that time. Now I’ve edited the strategy and in the morning (+5 GMT here) I have found out that some player is following me, though after some time he disappeared. I think that if two or more people earn according to one effective strategy, then most likely this will be monitored and the chance to earn decreases, although this is my guess.

[madjihad]

I think that if two or more people earn according to one effective strategy, then most likely this will be monitored and the chance to earn decreases, although this is my guess.

Luckily it's not how this game works. All outcomes are already pre-generated, aka all games have already happened, players just don't know the outcomes. So there is no possibility to affect the game in any way for them (casino, operator, illuminates or any other known and unknown organization). Or actually there is a way, of course, it will just be immediately spotted by players and easy to prove that they are cheating.

Unless you bet insane amounts of money and can reach a max profit of 64.44 BTC (at the time of posting this) which you don't want to share with other players - I would not worry about it

[malevolent]

I don’t know, maybe it's just my guesses, but yesterday I had 150 losses in a row, the game crashed before reaching my profit and would have reach at 151 time, but my balance had already ended at that time. Now I’ve edited the strategy and in the morning (+5 GMT here) I have found out that some player is following me, though after some time he disappeared. I think that if two or more people earn according to one effective strategy, then most likely this will be monitored and the chance to earn decreases, although this is my guess.

With a >0% house edge there is no strategy that will guarantee that you will win, and it doesn't matter if there's another player trying to cash out just before the game busts as the bonus system has been removed if this is what you had in mind.

[GamblingSiteFinder]

Can someone explain intelligibly how the Bankroll works?

The bankroll is the pool of money that the house uses to pay out winners that bet on the bustabit multiplier. The max profit that players can win from a round of the game is determined by the size of the bankroll. The larger the bankroll, the more players can win. Each player can only win 1% of the bankroll in a single round. Similarly, all players combined can only win 1.5% of the bankroll in a single round. Players can bet on the house (i.e. become bankrollers), and their bet is added to the bankroll such that they win when the house wins and they lose when the house loses.

If you decide to invest, be aware that there is a 2% dilution fee per investment, meaning 2% of you bankroll investment will instantly be distributed amongst all bankroll investors who joined before you. To quote bustabit's language again, the 2% dilution fee is bustabit's " way of rewarding long-time bankrollers. It's never too late to become one!"

For what period is interest accrue?

You will earn (or lose) for as long as you have money invested in the bankroll. Your investment will fluctuate after every completed round, with your bankroll balance updating in real-time. If a player loses a large sum of money, your invest will earn proportionately. However, if a player wins a large sum of money, your invest will lose proportionately.

How to cash out?

Investing/Divesting is very easy. Simply go to "Bankroll" -> "Change Investment". From there you just select the amount of bits you'd like to invest/divest. To invest, you'll need to deposit BTC to your bustabit account first.

Can I withdraw my money at any time?

Yes.