bustabit – The original crash game

[arwin100]

Hi guys, I'm new to this thread. Maybe my question has already be answered, but I've got some questions about legitimacy of bustabit.

Why, no matter at what time I log in, there are always ~800 players online and ~150 players betting. Never seen like 10k players online, or less than 8000. Has never been reported the use of fake-users by bustabit? Is the website totally fair? Never a case of the site doing something that could affect my trust to them?

I know bustabit is online since many years, but that's not a justification to not be suspicious. Hope you guys have answers to these questions.

Wish you a nice day.

Will ask you to about their current state right now do you think bustabit could able to survive for long time if they are faking their player stats? For sure they are using the real one since it can be shown on how success they are in this business. I understand your doubts but it's good to ask about how the site runs but since this is old and reputable site then you can give a shot to try this up. But don't put all your money still have a doubt and play only what you can afford to lose.

[malevolent]

Why, no matter at what time I log in, there are always ~800 players online and ~150 players betting. Never seen like 10k players online, or less than 8000. Has never been reported the use of fake-users by bustabit? Is the website totally fair? Never a case of the site doing something that could affect my trust to them?

I've seen a bit more occasionally, but that probably means that bustabit's user base is more or less evenly distributed across different time zones. If you expected higher levels of user activity, then bustabit has probably reached reasonable limits of market penetration in their niche, but perhaps not enough is being done to attract new users, not necessarily from different gambling sites, but from cryptocurrency exchanges (which for many shitcoin speculators are not that different from gambling sites), which could be difficult/expensive/have short-lived effects.

[janggernaut]

Hi guys, I'm new to this thread. Maybe my question has already be answered, but I've got some questions about legitimacy of bustabit.

Why, no matter at what time I log in, there are always ~800 players online and ~150 players betting. Never seen like 10k players online, or less than 8000. Has never been reported the use of fake-users by bustabit? Is the website totally fair? Never a case of the site doing something that could affect my trust to them?

I know bustabit is online since many years, but that's not a justification to not be suspicious. Hope you guys have answers to these questions.

Wish you a nice day.

Will ask you to about their current state right now do you think bustabit could able to survive for long time if they are faking their player stats? For sure they are using the real one since it can be shown on how success they are in this business. I understand your doubts but it's good to ask about how the site runs but since this is old and reputable site then you can give a shot to try this up. But don't put all your money still have a doubt and play only what you can afford to lose.

You were saying bustabit is trusted site but you also said don't put all his money if he is still doubt about bustabit, so in other words, you doubted about bustabit too, right?
Bustabit has running since long time, although the site has changed hand from Rhavar to Daniel, it's still trustworthy until now

[devans]

An issue with bustabit's Bitcoin node is currently causing crediting of deposits to be delayed. I am working to resolve the problem as quickly as possible.

All of bustabit's funds are safe and while some deposits may be credited later than usual, uncredited deposits are safe, too.

[devans]

bustabit is back online and both deposits and withdrawals are working normally.

[SquallLeonhart]

Why, no matter at what time I log in, there are always ~800 players online and ~150 players betting. Never seen like 10k players online, or less than 8000. Has never been reported the use of fake-users by bustabit? Is the website totally fair? Never a case of the site doing something that could affect my trust to them?

As you said, Bustabit has been around for a very long time (in the crypto space that's almost an eternity ;-) ) and I personally wouldn't be aware of any scam accusations or any other inconsistencies related to the casino.
Here you can also see that on average over 600k bets are made per day on Bustabit. That is really a lot:

Source

Bets on bustabit are provably fair. BTCGosu.com hosts a verifier which helps you to verify your games: https://www.btcgosu.com/tools/provably-fair-verifier/

Oh wow I didn't know about this website, it s really awesome. I have seen btcgosu but I didn't know dicesites were giving out information like this. I don't know if it is true, has devans ever talked about it, do we know that these stats are 100% correct? After all how could they really know without devans giving them what they need, but if it is really true that is really huge, that is really showing how big casinos are, not just for here but for many many places as well.

I wanted to check yet there wasn't really any other place that was giving their stats as much as bustabit and bustadice, I guess other places were a bit scared to show the world that they are not getting as much wagered on as bustabit does and that is why they got scared and removed their websites data, but it would be sooooo cool if we could have a website like this but with every casinos data available, that would be so awesome.

[arwin100]

Hi guys, I'm new to this thread. Maybe my question has already be answered, but I've got some questions about legitimacy of bustabit.

Why, no matter at what time I log in, there are always ~800 players online and ~150 players betting. Never seen like 10k players online, or less than 8000. Has never been reported the use of fake-users by bustabit? Is the website totally fair? Never a case of the site doing something that could affect my trust to them?

I know bustabit is online since many years, but that's not a justification to not be suspicious. Hope you guys have answers to these questions.

Wish you a nice day.

Will ask you to about their current state right now do you think bustabit could able to survive for long time if they are faking their player stats? For sure they are using the real one since it can be shown on how success they are in this business. I understand your doubts but it's good to ask about how the site runs but since this is old and reputable site then you can give a shot to try this up. But don't put all your money still have a doubt and play only what you can afford to lose.

You were saying bustabit is trusted site but you also said don't put all his money if he is still doubt about bustabit, so in other words, you doubted about bustabit too, right?
Bustabit has running since long time, although the site has changed hand from Rhavar to Daniel, it's still trustworthy until now

I wonder where in my words state that I'm doubting? I just suggested that if he's doubting he shouldn't put all his money since how could he play at cool phase when his doubting right? He should comeback when he tested it so that he can tell for his self that playing on trusted site like this is good rather than playing on other site which gives us questionable experience.

[ironhak]

Hi. Thank's everybody for your reply. I were playing on bustabit like 3 years ago... just wanted to come back and have some fun but at the same time I wanted to assure myself the site is still ok. I've got my answers.

Thank's all.

[RHavar]

Hi guys, I'm new to this thread. Maybe my question has already be answered, but I've got some questions about legitimacy of bustabit.

Why, no matter at what time I log in, there are always ~800 players online and ~150 players betting. Never seen like 10k players online, or less than 8000. Has never been reported the use of fake-users by bustabit? Is the website totally fair? Never a case of the site doing something that could affect my trust to them?

I know bustabit is online since many years, but that's not a justification to not be suspicious. Hope you guys have answers to these questions.

Wish you a nice day.

I'm a bit late to the question, but as other people have pointed out the stats are public (https://www.bustabit.com/statistics) which gets archived (and graphed) by sites like dicesites.com

I have seen bustabit clones for sale that come with builtin stat/player faking as a selling point. And there's even established casinos (e.g. roobet) that have notable players playing with effectively fake money.

So I think it's a pretty reasonable question. But I think bustabit is one of the most transparent sites out there, and would be substantially more difficult to fake stats -- because bustabit with a public bankroll it actually needs to pay investors. Like personally I've take out a lot more than I've put into the bankroll -- and right now bustabit has given a significantly higher return than would be expected -- which is the opposite of what you'd expect to see if volume was being faked.

That said, there's no way to ever know 100% sure the other players are real or not or shills -- so you should probably always just assume you're the only one playing and not let other peoples bets influence yours

[peter0425]

Hi. Thank's everybody for your reply. I were playing on bustabit like 3 years ago... just wanted to come back and have some fun but at the same time I wanted to assure myself the site is still ok. I've got my answers.

Thank's all.

I'm Not really a Fan of Crash Games btu since you mentioned of Playing for Long in this such Games and site , Is it really reliable ? i mean the probability really matters here and legit ? or another Pure Luck base game that we must admit that even before we start to play our Feet is already in the Grave like other gamblings like Slot , Roulette and Dice ?

because those 3 mentioned is what i am really familiar and i accept all facts in regards to those.

[Lakai01]

Oh wow I didn't know about this website, it s really awesome. I have seen btcgosu but I didn't know dicesites were giving out information like this. I don't know if it is true, has devans ever talked about it, do we know that these stats are 100% correct? After all how could they really know without devans giving them what they need, but if it is really true that is really huge, that is really showing how big casinos are, not just for here but for many many places as well.

Only Daniel can tell you whether the data displayed there is 100% correct, but I assume it is. You can invest directly in the bank roll at Bustabit and also at Bustadice, so the data on how many BTC have been turned over must be known to the investors (or made known), I assume.

I think dicesites.com pulls the data directly from here and simply extrapolates it daily. But this is just an assumption.

[acroman08]

Hey, just want to update you guys that a phishing site with your gambling site name(bustabit.cam) is still active and is visible above your original website when searching bustabit or bustabit.com through google. it might help remove the phishing site that has your name if you reported it for trademark infringement to google or the domain provider so the website could be taken down.

[jostorres]

I'm a bit late to the question, but as other people have pointed out the stats are public (https://www.bustabit.com/statistics) which gets archived (and graphed) by sites like dicesites.com

I have seen bustabit clones for sale that come with builtin stat/player faking as a selling point. And there's even established casinos (e.g. roobet) that have notable players playing with effectively fake money.

So I think it's a pretty reasonable question. But I think bustabit is one of the most transparent sites out there, and would be substantially more difficult to fake stats -- because bustabit with a public bankroll it actually needs to pay investors. Like personally I've take out a lot more than I've put into the bankroll -- and right now bustabit has given a significantly higher return than would be expected -- which is the opposite of what you'd expect to see if volume was being faked.

That said, there's no way to ever know 100% sure the other players are real or not or shills -- so you should probably always just assume you're the only one playing and not let other peoples bets influence yours

I would assume that checking the games would mean something? I do not know if that could be faked neither, maybe that could be faked? But seriously there is chat there as well, which means we could literally go to chat, talk with people and see how many there are in the chat. Obviously that is not going to be 800+ or something, but that still is something, when you chat with 100+ people and you go to other places that say they have 100-200 players and chat with 10-20 people you realize that about 10% of the gamblers chat, and that is the situation here as well, about 10-20% of the people chat and that is how I would realize how many people are really real.

I have no other option honestly, for someone from the outside, but I have been here for years and I can say that it is legit, we as investors do end up seeing how much gambled and lost as well so I can say quite a lot of people do gamble from what I gather from the movements of the investment.

[Lakai01]

Hey, just want to update you guys that a phishing site with your gambling site name(bustabit.cam) is still active and is visible above your original website when searching bustabit or bustabit.com through google. it might help remove the phishing site that has your name if you reported it for trademark infringement to google or the domain provider so the website could be taken down.

The page unfortunately exists for a long time, was also discussed here in the thread, but certainly does not hurt to recall the topic again

The simplest remedy here are adblockers. If I search for Bustabit in the Brave browser, the scam page is not displayed at all, because they usually buy advertising slots and are therefore ranked at the top:



 Unfortunately, many ad blockers still show the Google Ads by default, so you have to adjust the settings a bit (e.g. deactivate the "Acceptable Ads" in AdBlock).

[justdimin]

My suggestion for these kinds of things is to put the bustabit on our bookmarked websites. I have a folder in the bookmark line of opera, and in that folder I just have casinos and sportsbooks that I gamble on, bustabit is great and all and it is very unique but there are other places I gamble as well, after all it is just one type of game and when I want to gamble on sportsbook or poker or any other casino game I have to go there. Which means I can't just google their names each time I want to go there, bookmarking is really the best thing for this.

In fact I have built my bookmarked websites to be so so much (thanks to putting them under folders) right now I can spend a whole day without googling anything unless something unexpected happens. All my work, all my fun and entertainment, everything is there and that is why I suggest the same for others as well.

[devans]

TL;DR: The way the bankroll commission rate is calculated is changing. This only affects bankroll investors, so players can skip to the next post.


The intention behind the dynamic commission rate introduced just a few months ago was to reduce the size of the bankroll to a more reasonable one and to find an appropriate commission rate. Today, however, the bankroll is larger than ever. The change clearly isn't fulfilling its purpose, so I am adjusting the formula. At the bankroll's current size of nearly $150m this represents a significant increase in the commission rate, which I hope will move investors to realize some of their profits and divest from the bankroll.

Starting on March 2 the commission rate will be calculated like this:

Code:

bankroll * (360-day moving average of BTCXDR) / 55,000,000 XDR

Please see https://www.bustabit.com/help/investing for details on when and how the exchange rates are updated and how the commission rate is calculated.

Even though bustabit exclusively uses Bitcoin, the wager volume it sees is stabler in terms of purchasing power. Special drawing rights (XDR) are a currency basket defined by the IMF that consists of USD, EUR, CNY, JPY and GBP. Pegging the commission rate to special drawing rights encourages a reasonable bankroll size regardless of Bitcoin's price without being reliant on any single country's currency.

Despite the huge bets bustabit sometimes sees, more than 99% of its wager volume (!) could be served with a bankroll of "only" $40m. For bustadice, where unlike on bustabit the result of players' bets are not correlated, the number is smaller still. To give a concrete number, I would be happy to see the bankroll decrease by two thirds to about $50m in value. This is what the factor of 55,000,000 XDR targets.

Finally, using the moving average of the exchange rate compensates for the short-term volatility of Bitcoin's price and makes commission rates more predictable.

I owe an apology to bankroll investors for adjusting the formula again so soon. Several people including Ryan suggested incorporating the price of Bitcoin in the calculation back in November, but I wanted to keep things simple and decided on a Bitcoin target instead. Unfortunately the price of Bitcoin had more than doubled less than a month later. With the commission rate now accounting for Bitcoin's price further changes should at most be necessary every few years.

[devans]

The other significant update I want to announce today affects players as well.

Effective immediately, all users must provide and verify an email address before being able to deposit. The first time a user signs in to an account from a new browser, an authorization link will be sent via email. TOTP-based two-factor authentication will continue to be available as an option for added security.

I realize that this is not only an inconvenience for users but also affects their privacy to a certain degree, so I was hesitant to make this change. However, over the past few weeks phishing attacks on bustabit users have become a much larger problem than they used to be (just read the last few pages of this thread). Apart from costing the players that fall victim to these scams a lot of money, phishing threatens to damage bustabit's reputation as many victims end up falsely concluding that bustabit was hacked or even that bustabit itself stole their money.

While I report all phishing domains and apps to their domain registrars, hosting providers and Google as I discover them, it's a losing battle. These companies usually take days or weeks to act and when they finally do the damage is already done. At the same time it takes the scammers only a few hours to upload a new website or app. For this reason I'm afraid requiring email addresses is necessary to protect those users that would otherwise fall victim to these scams.

Side note: Players often ask me what has changed in an update. Starting today you can find patch notes at https://www.bustabit.com/changelog.

[GamblingSiteFinder]

Wow, Devans dropping back-to-back BOMBS!

Effective immediately, all users must provide and verify an email address before being able to deposit. The first time a user signs in to an account from a new browser, an authorization link will be sent via email. TOTP-based two-factor authentication will continue to be available as an option for added security.

Requiring a verified email address is going to get some backlash from the whales who create/delete accounts every session, but on the whole, this is a much needed safety measure to protect players from phishing attacks. I'd suggest Bustabit also put greater emphasis on encouraging everyone with an account to also enable 2FA.

The intention behind the dynamic commission rate introduced just a few months ago was to reduce the size of the bankroll to a more reasonable one and to find an appropriate commission rate. Today, however, the bankroll is larger than ever. The change clearly isn't fulfilling its purpose, so I am adjusting the formula. At the bankroll's current size of nearly $150m this represents a significant increase in the commission rate, which I hope will move investors to realize some of their profits and divest from the bankroll.

Starting on March 2 the commission rate will be calculated like this:

Code:

bankroll * (360-day moving average of BTCXDR) / 55,000,000 XDR

I could be wrong, but this comes across as a big blow to bankroll investors on the surface. Hopefully someone with a better understanding of Bustabit's bankroll calculations than myself can chime in with their predictions for the bankroll's future expected returns.

[devans]

Requiring a verified email address is going to get some backlash from the whales who create/delete accounts every session, but on the whole, this is a much needed safety measure to protect players from phishing attacks. I'd suggest Bustabit also put greater emphasis on encouraging everyone with an account to also enable 2FA.

You can still use the same email address with multiple accounts, so while this does add an extra step to registering an account it doesn't prevent someone from using throwaway accounts.

A reworked sign-up flow that encourages 2FA more aggressively has actually been in our issue tracker for a while. Unfortunately it wouldn't have protected most people that fell victim to phishing, however. People that are security-conscious enough to enable 2FA usually don't fall for phishing scams in the first place.

I could be wrong, but this comes across as a big blow to bankroll investors on the surface. Hopefully someone with a better understanding of Bustabit's bankroll calculations than myself can chime in with their predictions for the bankroll's future expected returns.

Absolutely. The idea is that investors start taking their profits, after all. Assuming bankroll investors still demand the same rate of return from bustabit's bankroll, the rate of return should end up being the same as before, just with a significantly smaller bankroll.

[sunsilk]

Hey, just want to update you guys that a phishing site with your gambling site name(bustabit.cam) is still active and is visible above your original website when searching bustabit or bustabit.com through google. it might help remove the phishing site that has your name if you reported it for trademark infringement to google or the domain provider so the website could be taken down.

It is still existing. I hope that google will take them down as soon as they receive a report from an authorized bustabit representative.

The simplest remedy here are adblockers. If I search for Bustabit in the Brave browser, the scam page is not displayed at all, because they usually buy advertising slots and are therefore ranked at the top:

I've done it on Brave and you're right, it's not appearing. But for the other browsers, it shows.