Topic: bustabit – The original crash game - page 119. (Read 61394 times)

My intention wasn't to imply that players making use of the bonus system were doing anything wrong and it certainly wasn't to cause offense. The point is that the bonus was beneficial to competitive players and detrimental to casual players who ignored it. Since the second group outnumbers the first, we chose to remove the bonus, improving the game for most players.

I haven't seen the numbers from the old database myself, but regardless of whether the removal of the bonus fully offsets the higher house edge or not, it is a positive for the majority of players. However, I do think that it very likely does, especially in recent history where some established bonus hunting bots were running round the clock.

First off, saying that it was "taking advantage" is pretty insulting and frankly misleading as that was the goal of the game.  It was explained indepth in the rules and in giant letters and numbers on the screen. 

Secondly, I'd love to see some stats.  I'm sure Ryan has access to them, I wonder if he'd share what % of players on BaB were at -.5% or worse lifetime for the bonus.  Since those are the only players that this change helps and you are claiming that this change helps well over 50% of the players.

Either way, my point still stands.  BaB is now a much slower dice game.  Hopefully you have some plans to throw in some interesting variations or modifications, I know Ryan was talking last month about launching a game with a 100% bonus.  I hope those plans haven't been scraped.

There is always good and bad news here, the good news is bustabit v2 is really smooth and has a better design. And also you guys are makin and open investment so anyone can do the investment here. But why suddenly make an open investment when you are already have make it woth your own private bankroll?
The bad news is we will never see the bonus things again. Btw about the bonus, we do not get it on 0.00x or on the highest multiplier? Usually there is a little bonus too for the one that make huge multiplier

For better or worse, this is how the majority of our players were already playing it. I understand that the bonus system in particular distinguished bustabit from other games, but most players didn't compete for the bonus and were essentially being taken advantage of by the few that did.

Sadly, this takes BaB from a revolutionary social gambling game to a much slower dice roll. 

Thank you, Ryan, that means a lot! While there's definitely work to be done, I believe that bustabit has a bright future ahead.

Congratulation on the smooth launch. I know bustabit is in capable hands!

Hey everyone,

Some people might already know me from bustadice, which launched last October. A little over a week ago I also acquired bustabit from Ryan and will be running it going forwards. Due to the change in ownership it was necessary to  generate a new hash chain and hold bustabit's second provably fair seed event, which you can find here.

I also took the opportunity to release version 2 of bustabit, a complete rewrite that is more scalable and brings a number of new features and improvements.

Removal of the bonus system
Both instant busts at 0.00x and the bonus have been removed and the house edge is now a flat 1 % (read below). Although the bonus was one of bustabit's most interesting features and I am sad to see it go, our experience has shown that most players didn't consider the bonus an important part of the game. Consequently only a handful of players benefited from the bonus at the expense of all other players that ignored it.

Despite the house edge being increased in v2, the majority of players are likely better off in terms of expected value thanks to the removal of the bonus system.

Investment system
bustabit is no longer privately bankrolled. Instead, anyone can invest in the bankroll to participate in the casino's profits (and losses). To fund further development, marketing and to turn a profit, we charge a 50% commission on net profits. New investors are charged a fee of 2 %, which is shared among existing investors. This compensates them for being diluted and encourages long-term investments into a stable bankroll.

Just like in bustadice, the majority of funds are held in a multisignature cold wallet by myself, Ryan and a trusted third party.

Higher bet limits
To protect investors, the most a single player can win in one game is 1% of the bankroll, in line with the Kelly criterion. If a player were to win more than that, he will be forced to cash out. In addition, if all players in a game combined would win more than 1.5% of the bankroll, they are also forced to cash out. The bet limit has been removed entirely, allowing bets of virtually any size.

As a result, high rollers can make larger bets and overall players will be forced to cash out less often.

Deposit precredits
Don't want to wait for your deposit to be confirmed? Precredit it for a small fee and start playing immediately!

Not all deposits are eligible to be precredited and your precredited balance cannot be withdrawn, tipped or invested until your deposit confirms.

Highly optimized withdrawal system
bustabit v2 makes full use Segwit for all of its addresses. In addition, withdrawals are processed using a sophisticated custom-built coin selection algorithm which provides fantastic privacy properties.

Since it also significantly lowers our transaction costs, we are able to pass those savings on to our players. Players that would like to save even more on fees have the option of choosing a non-immediate withdrawal, which is batched with others and even cheaper.

We are confident that no other service can currently provide cheaper Bitcoin withdrawals at cost.

Friend system
You can now add other players to your friend list to see when they are online. Friends are specially highlighted, making them easy to recognize in chat and in the game's player list.

If you want to discuss something in private, you can now do so using direct messages. To prevent spam, both players must add each other before they are able to send and receive each other's private messages.

Script editor
Scripts authors can automatically generate UI for configuration, allowing scripts to be shared and used more comfortable, especially by non-technical players.
We've also sandboxed the script editor, preventing malicious scripts from accessing the rest of the browser.