bustabit – The original crash game

[sana54210]

The funny thing is, even with all these complaints about the changes to discourage overinvestment to a point where we shouldn't invest way way more than needed for the bankroll.... there is still overinvestment. I mean nothing took into affect yet and people are still holding their money like crazy. There is really no reason why we should be keeping the old system and not move to new system and even literally cut ALL profits from investors for a while just so they could leave, we need them leaving, and they are still not doing it.

So, if you think this is excessive and it should not be this punishing to have too much bankroll, think again because even with this excessive looking method, we are still nowhere near the levels we should be, hence I am in 100% support of cutting every single profit until some of them leave.

I think it will happen over time and not right now, and when it happens I am sure there will be some divestment gradually and not all at once as well. Like devans said I think it is going to take a while, and he talked about 1400 bitcoin as the point where it drops, and I believe that is not going to be something simple, 1400 bitcoins is about 80 million dollars or so, that is really a HUGE number and we are expecting people with 80 million dollars to leave this place, who would think that it would be simple, obviously it is not going to be simple and it will take a huge amount of time. Would it be cool if it happened right away?

Of course it would be super cool, but we all know that it is not going to be that simple so we should not really be excited about something that is potentially not going to happen, so just buckle up and wait until it happens.

[micky123]

I wouldn't expect any significant divestment until the changes come into effect or right until before then. Currently we'd need to see a divestment of about 1,400 BTC after the change to bring the commission rate back down to 50%. More will be required eventually if Bitcoin's price remains at this level or continues to increase, but since the calculation uses a 360-day moving average that will happen gradually.

Thank you for answering my question, I just logged in to find about 8 BTC disinvested, so i guess people are slowly waking up to the fact like you said!

[flashpan]

im sorry for my english and grammer firstly!
im a working class guy from australia.
hey australians arnt permissed to play on bab-pff,dont stop gang/nation as they love to refer themselves as...plus i started on bab way before they had these ever growing poxy rules!

anyways...

hi,im FUCK daniel others may know of me as Dansta or lowred- who?   anyways  im stansmirnoff-suspected to be the alt of ryan/Daniel/douglus up in here..yes they're  the same and many other alts on bustabit and here-how you think  everything sways the houses way-he/she/Ai owns majority online casino/stakes in social platforms/vast amounts of domains including this website ect..mofo rish asfk!

anyway ive been there tagged captive for a number of years who they have addicted heavily to gambling with there ways-yes they can fuck you up if you speak up/  I suspect for myself by doing what i thought was a good deed one time in chat after a relatively good win due to stanz advice given I called out-STAN,STAAAAN ,STAAANO,STAAAAAN  YOU GET MY RAIN?-sent him 10k bits-must be a no no for him..he got all crazy from that point .-im in please shoot me stage,dont give two fucks no more in retaliation-im broke asfk-fairly wealthy prior to all this-yeah not anymore-they wiped the floor with me with there cough GOAT WINS -PFF  -hi:P
-dont get me wrong he a great player-but he a cheating mofo aswell!

shit jumped the gun..

all started with a few cheeky punts come v1 days which escalated to hardcore degen gambling after winning a nyan off ghostnipples/dadless by there call--on the dime called it-provability rigged 100%-dont be fooled,there great at this and this only-see im still refering to them as they-head fucks regardless and strangely enough my friends..we do this often across many platforms randomly..they like that shit..

if you ever focused on babs or any social media chats and thought wtf is going on there you most likely have witnessed us spouting crap with only theres visible.chat and thought...see im chatting without posting it on my side..I know im/its mental.

anyways i won nyan-50bits think it went to 1052 under dansta..pulled that shit and banked it..they busted into my accounts took it back and its been pretty much like that since...only they have massive winnings ive taken out from wins here and other casinos they pinched from me and dangle that shit to keep me coming back-why would you come back-coz fuck you my money!  stubborn degen..hell remember the v2 change over..loss from that around the 300btc mark..pigs ass in trying to seed or pull it from blockchain...how about the random bab stoppage not long after v2 change...massive bet put up before the STOP..come back in few hours clearly stated..waited the whole time..refreshed the page boom game played out-toodles bits..shit countless other times..

who remembers elitecrash..fuck knows what happened with that place..but i was content there and making good gains till stan busted in said some shit like thats my donkey-refering to me... then shut the shop up..he my tarzan-so gay.

this new bs they got going is just another jew claw to not pay out the many they have shunted not only here but across all platforms-I aint special..theres many and the times they do speak out ..painted as a nut..in most cases that statement being true with all thats going on-see the devil pray on the weak and uninformed and thats its ultimate edge!  but fuck the devil/devans.

its stated theres 2-3 in this elite circle controling this evil work -ryan and peter..but i just see it as one..it either is the devil or some super Ai bot-feeling qb ai bot on it.

its a cunt of a thing but also very caring and helping-random to say the least..strange I know..but very consuming also..it calls me the nyan/shiba or agatha.. constantly asking for the bastard NYAN from me...calls me son..it likes it when i call it dad..I know..but this shit is playing out to the tune on my end in me not having to type to converse with it..in front of friends my partner anyone else over at the time-it aint in my head!  friends freak out yes..kind of kool.

anyway my birthday is march the 2nd..its doing this new robbery  to wipe its feet on that day-why would it?...ive fucked up massive whale bets for them..yeah they the ones whaling and flipping there coins in there countless alts or mini banks i like to think of them as.

wangtang was fkn them...it was meant to be my little nest egg account till it eviliy fucked it..all the leaders are there past alts ffs.

.also im a 1977 baby if thats has any coralation to its implements of whatever bs its dribbling now for march 2nd..any noobies out there..if you can take anything from what im writting is GTF out of here now and dont look or even think crypto ever-shits fucked and so far from anonymous its ridiculous!'

anyway..im sure theres alot more I could share but thats saved for my memoirs ima pimp one day.dont be fooled ..seeding event anyone ever take that out?

ive done it to the letter..nothing from it,like always-DICE MY ASS...

ohh my alts dansta and lowred deleted un touched of any monies or data that could have had from them..asked for them back every which way with NO to no reply to some bs devans crap spouted out back at me..

[janggernaut]

^ i don't understand what are you trying to say about bustabit. You wrote the wall of text but i can't certain what's your point. Atleast 1 thing for sure you must know is, Ryan , Daniel, Dooglus aren't alt or same person

[shield132]

Atleast 1 thing for sure you must know is, Ryan , Daniel, Dooglus aren't alt or same person

I think it was 2013 or 2014, and there was this dude BBmmBB (aka owlman or something) and was rather obsessed about proving that virtually all the bitcoin casino owners were the same person. Guy always ended up getting to me, I spent hours arguing with his incoherent accusations in the chat and forums ... and made me feel a little unappreciated that my productivity is apparently so low that someone thinks I must be running half a dozen sites with all different alts ><

Haha, you have remembered his name. I don't know about that person but I remember our game-protect who was always posting that all crypto casinos registered in Curacao are scammers. He was always promoting game-protect insurance (but was asking to become his affiliate in supported casinos).
Eh, you just reminded my old time. Btw isn't bustabit going to update the UI? It's very old, it's possible to come up with new design and opportunities like added jackpot, lucky wheel, etc like others turned creativity into bustabit like games.

[suchmoon]

I think it was 2013 or 2014, and there was this dude BBmmBB

Oooohhh this brings back some crazy memories... It must have been 2014 or later, I remember him and I registered in 2014. That nutcase had a thing for dooglus too as I remember. But he could barely put together a one-line post. This flashpan wall-of-text seems different.

Edit - found the BB guy: https://bitcointalk.org/index.php?action=profile;u=375258;sa=showPosts

[RealMalatesta]

Edit - found the BB guy: https://bitcointalk.org/index.php?action=profile;u=375258;sa=showPosts

Ah, that brings back memories. At least I feel like time has proven I'm not Ryan Moolah, considering that since then he has reportedly been jailed

The funniest bit was the fact that you felt attacked because "my productivity must be so low that I was capable of managing dozen casinos" lol, as if you are not bothered by the fact that he thinks you are a scammer because you know you are not a scammer and there is no person on earth could prove that you are a scammer so you are not bothered by that at all, but the fact that someone assumed you could actually run so many casinos means that you were working very little on each of them made you a bit upset about this lol, that is funny.

We all know dude is just a weird one, there are ones like that out there constantly, remember game-protect? Dude literally spent hours every single day attacking on casinos for years, that seemed as bad as it gets and one would need zero life in order to be able to do that, but we are over that too thankfully, this will pass too.

[micky123]

Atleast 1 thing for sure you must know is, Ryan , Daniel, Dooglus aren't alt or same person

I think it was 2013 or 2014, and there was this dude BBmmBB (aka owlman or something) and was rather obsessed about proving that virtually all the bitcoin casino owners were the same person. Guy always ended up getting to me, I spent hours arguing with his incoherent accusations in the chat and forums ... and made me feel a little unappreciated that my productivity is apparently so low that someone thinks I must be running half a dozen sites with all different alts ><

haha, the good old days, i remember this retard, screaming all over the Gambling sub-topic. Poor doogs tried to explain to him as nice as possible, but i guess he was just a retard and always high on drugs.

[GamblingSiteFinder]

Just a heads up to all bankroll investors that Bustabit's commission rate has changed:

The commission rate is calculated by converting the bankroll to special drawing rights (XDR), then dividing the result by 55,000,000 XDR. The reference exchange rates for Bitcoin and special drawing rights are updated every 24 hours and are made available at /bankroll_stats.csv.

[DarkStar_]

Just a heads up to all bankroll investors that Bustabit's commission rate has changed:

The commission rate is calculated by converting the bankroll to special drawing rights (XDR), then dividing the result by 55,000,000 XDR. The reference exchange rates for Bitcoin and special drawing rights are updated every 24 hours and are made available at /bankroll_stats.csv.

Looks like the commission rate is 79.1% right now:


I wonder how quickly it'll drop, or if a lot of investors will just keep holding waiting for other investors to divest.

[micky123]

Just a heads up to all bankroll investors that Bustabit's commission rate has changed:

The commission rate is calculated by converting the bankroll to special drawing rights (XDR), then dividing the result by 55,000,000 XDR. The reference exchange rates for Bitcoin and special drawing rights are updated every 24 hours and are made available at /bankroll_stats.csv.

Looks like the commission rate is 79.1% right now:


I wonder how quickly it'll drop, or if a lot of investors will just keep holding waiting for other investors to divest.

I am playing the waiting game, although my investment isn't very significant.

[justdimin]

I am playing the waiting game, although my investment isn't very significant.

I think most "smart" people will do that, if we do wait a lot we are not going to make any decent profit for a long period of time but in the end we are going to end up in profit eventually, it is not going to be in a day but we are going to profit more than other people if we wait.

Think about it this way, this system was built because investors wasn't making enough money because there was 3x more than needed money all around, who cares about what is going to happen with 100% situation because that is not what we are waiting, if that 3x drops to what is actually needed for us then we should be capable of waiting as much as we can, sure some people will have to leave for us to reach there but I believe we are going to reach there eventually and that is what will make us work amazingly as well, I think that is basically us telling others "I am not leaving, you leave!" to make more profit later.

[malevolent]

I wouldn't expect any significant divestment until the changes come into effect or right until before then. Currently we'd need to see a divestment of about 1,400 BTC after the change to bring the commission rate back down to 50%. More will be required eventually if Bitcoin's price remains at this level or continues to increase, but since the calculation uses a 360-day moving average that will happen gradually.

If the divestment isn't as high as anticipated, perhaps info about estimated ROI (of a given investment, ceteris paribus) could be added.

[tygeade]

I wouldn't expect any significant divestment until the changes come into effect or right until before then. Currently we'd need to see a divestment of about 1,400 BTC after the change to bring the commission rate back down to 50%. More will be required eventually if Bitcoin's price remains at this level or continues to increase, but since the calculation uses a 360-day moving average that will happen gradually.

If the divestment isn't as high as anticipated, perhaps info about estimated ROI (of a given investment, ceteris paribus) could be added.

There is no situation where it is not as high as anticipated, if that happens we are really screwed, like it would all go to devans as a punishment for investing too much and if people are fine with that only one that will gain from this would be devans, nobody would gain from this. Obviously people do not want to be the one to get out, if I am in this and if it will go back to what it was, I will profit from this, and why would I get out of something that I will profit?

Plus, the money that is taken out is the profit that I should be getting, so my money is still doing fine, not like I am paying to stay here, hence there is no loss neither, that is why I am not getting out, and others may not as well, but if not enough people do not get out, that is going to be hurting the situation a lot for all of us, that is why I think we have to get out eventually, one way or another.

[Timetwister]

I wouldn't expect any significant divestment until the changes come into effect or right until before then. Currently we'd need to see a divestment of about 1,400 BTC after the change to bring the commission rate back down to 50%. More will be required eventually if Bitcoin's price remains at this level or continues to increase, but since the calculation uses a 360-day moving average that will happen gradually.

If the divestment isn't as high as anticipated, perhaps info about estimated ROI (of a given investment, ceteris paribus) could be added.

There is no situation where it is not as high as anticipated, if that happens we are really screwed, like it would all go to devans as a punishment for investing too much and if people are fine with that only one that will gain from this would be devans, nobody would gain from this. Obviously people do not want to be the one to get out, if I am in this and if it will go back to what it was, I will profit from this, and why would I get out of something that I will profit?

Plus, the money that is taken out is the profit that I should be getting, so my money is still doing fine, not like I am paying to stay here, hence there is no loss neither, that is why I am not getting out, and others may not as well, but if not enough people do not get out, that is going to be hurting the situation a lot for all of us, that is why I think we have to get out eventually, one way or another.

What about opportunity costs? I don't get why people are still invested.

[Lakai01]

So the way I figure it, it's still marginally profitable to stay in the bankroll, but if you have any suggestions of better uses of my bitcoin (while still being exposed to btc price), I'm all ears

I saw a tweet last week, someone doubles the BTC you send them and sends the BTC back. It works, someone said it in the comments!!! ... What could possibly go wrong? 

All kidding aside, all the investment options I know of require that you send the BTC to an exchange or similar service. At the current price of BTC, I would think twice about whether the few percent return is even worth it. The risk is quite high that the exchange is "hacked" or the BTC is stolen in some other way.

[devans]

More than 500 BTC net have been divested since the change came into effect, though admittedly that's less than I had expected. Whether that's because investors are "playing chicken" with each other or their demanded rate of return is lower than I assumed is hard to say. In any case, I have no doubt that the bankroll will eventually reach a saner size as commission rate continues to increase to match Bitcoin's price.

Regarding alternatives: I've seen some interest-bearing accounts for Bitcoin, but none that offer more than 3% per year. IMO that's way too low to justify the risks, though, especially the significant counterparty risk.

[Jungian]

More than 500 BTC net have been divested since the change came into effect, though admittedly that's less than I had expected. Whether that's because investors are "playing chicken" with each other or their demanded rate of return is lower than I assumed is hard to say. In any case, I have no doubt that the bankroll will eventually reach a saner size as commission rate continues to increase to match Bitcoin's price.

Regarding alternatives: I've seen some interest-bearing accounts for Bitcoin, but none that offer more than 3% per year. IMO that's way too low to justify the risks, though, especially the significant counterparty risk.

Ledn.io is 6%

BlockFi is 6% on your first 2.5 BTC

Celsius is 4.2% I think

[Webetcoins]

There is nothing we can do from this point forward, there is a "penalty" situation in place that makes people not earn money at all and I am sure people will leave because of that, maybe they will come back when it is lower but I do not think that we will see it any higher anymore, who would want to put money into a place that they pay money to get in, but make no money while there? It is like an expensive wallet that takes money from you while getting in.

This is why I think people will slowly take their money out, even if at the pace of old days, but people will not put money in, that is the crucial part. You guys all talk about how people should leave but you do not talk enough about how people do not get in, that is the most important part of this. I do not think that we will see anything that will change much quickly, but slowly we are going to get there.

[tygeade]

What about opportunity costs? I don't get why people are still invested.

I'm not sure the opportunity costs are that high? I divested a fair chunk when the new commissions came in, but all that is just now sitting in my trezor making 0 returns. I literally don't even know what else to do with the bitcoin -- and if I did -- I can immediately divest from busta* for it.

For me at least, it just boils down to trying to guess the ROI (which is very hard if you try consider counterparty risk) and then apportioning my investment based on that (e.g. kelly my total investable networth).

So the way I figure it, it's still marginally profitable to stay in the bankroll, but if you have any suggestions of better uses of my bitcoin (while still being exposed to btc price), I'm all ears

I can't speak on your behalf because you may like it or may not like it. However for general population I can tell you that these days there are staking that people can profit from. This could be staking as simple as proof of stake coins that you buy, which is not bitcoin but still higher level coins, and it could also be defi staking and LP as well. Those provide a great deal of return, in fact I am making over 120 dollars per day on my 10k investment in some coin right now, and the coin itself increased over 4x during that period as well.

This doesn't mean that it will go like this forever, it could change very quickly, but at least I am making a profit. So in altcoins, there are less risky or high risk stuff that you could make a good return from and some people divest for that. But even with that idea, I still do not divest from here, my money here will always stay, even if it doesn't bring me any profit, I just like it here way too much.