bustabit – The original crash game

[jostorres]

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.

[1714980851]

1714980851

[Battareus]

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.

[GamblingSiteFinder]

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 Fuck RPS

What a rollercoaster that thread was. Poor zirt!

[higghigghigg]

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?

[malevolent]

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

[RHavar]

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

[GamblingSiteFinder]

PredictableLegacy now has a Twitter and Twitch account.

Twitter: @PredictableLeg

Twitch: @PredictableGames

[Lakai01]

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.

[higghigghigg]

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.

[sana54210]

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.

[Heat.GG]

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.

[malevolent]

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.

[JollyGood]

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.

[malevolent]

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

[redsun114]

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.

[Heat.GG]

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.

[Battareus]

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.

[JollyGood]

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

Though I am not referring to Bustabit/Bustadice but more in the generic sense, it is understandable that gaming websites owners might want anonymity for a variety of reason but eventually all those reasons could be used in various ways to provide cover in the event of an exit scam. That does not help game players or investors but that is just the way things are. Investing is a risk and so is game playing in more ways than the obvious one.

I think I can see the warnings coming from one particular gaming website registered in Curaçao. Just the manner in which posts are made, posts are responded to and posts are ignored - speaks volumes about the project. When the project owner feels like he is somehow higher than others because

Sadly I cannot make a scam accusation against that one because as of yet nothing in relation to scam has occurred but when the exit strategy is implemented it will be too late to do anything about it. For that one, I do not see a case of selective scamming either as it will make others aware and they will pull (or try to pull) their funds out of the website. Instead, the owner will probably close overnight without warning just as another one that popped up out of nowhere and then vanished which was called Satoshibet: https://bitcointalk.org/index.php?topic=5119826.0

I really think the value of Bustabit and Bustabit is way beyond any seal showing a Curaçao Licence. The manner is which the websites are maintained and the calm demeanour of its owner/operator along with the 10,000+ Bitcoin combined bankroll provide ample confidence to game players and investors. Plenty of gaming sites will pop-up for a short time then vanish without trace but the likes of Bustabit, Bustadice, Stake and Primedice will be around a long time because of the teams behind them.

[Battareus]

Yesterday when the stakes were high and reached 1 Bitcoin large crash values did not drop out, some players lost up to 5 bitcoins. This morning no one big is playing and 2 Nyans in a row have appeared. I do not understand how this works. Why does one who puts a large amount and counts on a low cash out get bust at 1x, and when he leaves the game, the game immediately changes and starts again to show large crash values, what is the reason?

[JollyGood]

Just out of curiosity, is the Crash game on Stake under licence from Bustabit or is that a different code altogether?