bustabit – The original crash game

[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?

[1714012721]

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[1714012721]

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[1714012721]

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[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.

[bitgolden]

This new "hidden" features in many casinos are creating an epidemic! We do not care about what the hell you are doing, we don't give a F about your bet, why would anyone "snipe" someone who wants to be hidden, are you betting 1+ each time or something? Even if that was the case you can literally open an account in 1 minute and just change accounts anytime you want to play or start to get harassed or something which I am %100 sure won't happen here. Long story short it is totally useless.

I am glad bayareacoins finally came around and realized his mistake, it was a bad wording that got him confused probably, there is a tiny difference (when reading) between "I never said it is provably fair" and "I never said both are provably fair", if you skip through reading everything then you may have not seen "both" part of that sentence.

[Battareus]

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!"

Does this means what when I invest 10,000 bits and decide to withdraw them right back, only 9,800 will return and it makes no sense to invest for one evening? I tried to make more bits in this game for my first investment, but all I got was the 5000 bits that I lost when the game did not reach to the value 37x in 1.5 hours. I looked at the statistics of successful players, they all have a strategy to exit the game when the graph reaches high values. Those players who expect to reach 1.1 - 3x in every game in auto mode have negative statistics.

[imstillthebest]

This new "hidden" features in many casinos are creating an epidemic! We do not care about what the hell you are doing, we don't give a F about your bet, why would anyone "snipe" someone who wants to be hidden, are you betting 1+ each time or something? Even if that was the case you can literally open an account in 1 minute and just change accounts anytime you want to play or start to get harassed or something which I am %100 sure won't happen here. Long story short it is totally useless.

they want to be hidden because they are shy about thier stats which mostly negative  or they want to be hidden because they are high bettors/high rollers and they dont want for someone to discovered it so that no one can beg on them   . it makes no sense to bet 1 sats and hide your self  but i notice that other gamblers are only creating new accounts if they want to bet big and then dispose that account and create a new one but thier only wasting thier stats   and the perks if ever they reach vip status  .

[hopenotlate]

This new "hidden" features in many casinos are creating an epidemic! We do not care about what the hell you are doing, we don't give a F about your bet, why would anyone "snipe" someone who wants to be hidden, are you betting 1+ each time or something? Even if that was the case you can literally open an account in 1 minute and just change accounts anytime you want to play or start to get harassed or something which I am %100 sure won't happen here. Long story short it is totally useless.

they want to be hidden because they are shy about thier stats which mostly negative  or they want to be hidden because they are high bettors/high rollers and they dont want for someone to discovered it so that no one can beg on them   . it makes no sense to bet 1 sats and hide your self  but i notice that other gamblers are only creating new accounts if they want to bet big and then dispose that account and create a new one but thier only wasting thier stats   and the perks if ever they reach vip status  .

Guess the reason some big bettors would prefer stay hidden/anonimous may stand on the fact showing you accont is rich of bitcoin put them at risk of being targeted by hackers/scammers/beggars.

But if wanting to stay anonimous only because other players may follow your bets is pointless expecially now that the bonus feature has been removed.

[Lakai01]

-snip-
Guess the reason some big bettors would prefer stay hidden/anonimous may stand on the fact showing you accont is rich of bitcoin put them at risk of being targeted by hackers/scammers/beggars.

There is only one reason someone wants to hide his username: to preserve your own anonymity.
Reasons are different why someone prevers to stay hidden. I am definitly no big player but still I hide my username at some sites, simply because I dont want to show the world how bad I am in terms of gambling

The ability to hide the username is a pretty common feature nowadays and I really appreciate it if a site offers it.

[GamblingSiteFinder]

Does this means what when I invest 10,000 bits and decide to withdraw them right back, only 9,800 will return and it makes no sense to invest for one evening?

That is correct. Up to 2 % of your investment is deducted as a non-refundable dilution fee. This fee is deducted from your bankroll investment the moment you invest.

[RHavar]

There is only one reason someone wants to hide his username: to preserve your own anonymity.
Reasons are different why someone prevers to stay hidden. I am definitly no big player but still I hide my username at some sites, simply because I dont want to show the world how bad I am in terms of gambling

The ability to hide the username is a pretty common feature nowadays and I really appreciate it if a site offers it.

You can also just generate a unique username: https://jimpix.co.uk/words/username-generator.asp#results (e.g. "chopwave" ) and when you're done, move on and never use it again. Or you can delete it at the end. No one is going to be able to associate it with you, and honestly, imho, a site that has open bet information is just so much more interesting than one with all these [[hidden]] stats/username/bets.