bustabit – The original crash game - page 56.

xxjumperxx

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Quote from: Tipstar on July 14, 2020, 01:09:28 PM

The game is provably fair to play. So anyone can play without any issue and the casino profits from 1% of house edge.
But when you are investing in the bankroll of bustabit, you are basically trusting the admin with your money. He knows every outcome and if he intended to, can place a bet to make a win out of investors money and not get caught. If you think you can't trust daniel, don't invest in bankroll.

Of course you are trusting Daniel with your funds...
You are trusting Daniel with your money, not only for placing bets he knows the income to, but he has your funds in control. If he really wanted to scam, just take funds and close up shop...

But Daniel is a good one, I have been part of the site investment for quite a while!

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Quote from: xxjumperxx on July 13, 2020, 05:51:35 AM

Quote from: Timetwister on July 13, 2020, 05:21:36 AM

Quote from: xxjumperxx on July 13, 2020, 12:15:12 AM

Since all rolls are predetermined, it would be possible for Daniel to see future rolls and place his bets accordingly...
Of course I am not sayin Daniel is doing so! I am just stating that it would be possible for him to do so.

You would have to be very stupid to kill the golden goose like that.

Daniel would be very stupid to even consider doing so!

I was just saying it is possible from a technical point of view!

The game is provably fair to play. So anyone can play without any issue and the casino profits from 1% of house edge.
But when you are investing in the bankroll of bustabit, you are basically trusting the admin with your money. He knows every outcome and if he intended to, can place a bet to make a win out of investors money and not get caught. If you think you can't trust daniel, don't invest in bankroll.

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^I even remember there was a time when the website had some bug or something where some gambler managed to figure out how to win and stole like hundreds of bitcoins thanks to abusing that bug.

Daniel actually came in and managed to pay every investor their money back from his own pocket saying he was the one that did something wrong and nobody should suffer financial setback because of his mistake. He didn't had to do that, investors do invest knowing that website could have a bug very rarely, not like it happens all the time, I do not remember another time that happened for example, which is why it should have been investors that pay for that because they knew what they were getting into. Yet dany didn't really go for all that and just paid it straight up. Dude is one of the best there is.

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Quote from: Timetwister on July 13, 2020, 05:21:36 AM

Quote from: xxjumperxx on July 13, 2020, 12:15:12 AM

Since all rolls are predetermined, it would be possible for Daniel to see future rolls and place his bets accordingly...
Of course I am not sayin Daniel is doing so! I am just stating that it would be possible for him to do so.

You would have to be very stupid to kill the golden goose like that.

Daniel would be very stupid to even consider doing so!

I was just saying it is possible from a technical point of view!

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Quote from: xxjumperxx on July 13, 2020, 12:15:12 AM

Since all rolls are predetermined, it would be possible for Daniel to see future rolls and place his bets accordingly...
Of course I am not sayin Daniel is doing so! I am just stating that it would be possible for him to do so.

You would have to be very stupid to kill the golden goose like that.

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Quote from: fullhdpixel on July 12, 2020, 01:42:56 PM

Quote from: RHavar on July 11, 2020, 04:19:30 PM

Quote from: vbond on July 11, 2020, 03:23:29 PM

This was played by Daniel on an alternate account. Thus, he earns extra on investors.
There was a big profit. His greed is very high.

Investor returns are 13% (?) higher than expected, and have been strong enough that long-term investors have been able withdraw more than they put in while keeping a balance higher than what they put in (!).

While that certainly doesn't prove anything (after all, if he stole $1000 from investors it would barely be a rounding error) and there's probably ways to fudge the stats like pretending there's less wagered than there really is (although that's tricky, because all bets are broadcasted to all players). Anyway, it does seem like a reasonable concern, so I'd suggest you shouldn't invest (or divest if you have) but it's a bit of a leap to just make random accusation without even circumstantial evidence.

There are two things wrong with that statement, I think if the website plays against itself, since its provably fair, they could easily end up losing, and since they will lose to investors and not to themselves, it makes no sense to risk it like that.

Since all rolls are predetermined, it would be possible for Daniel to see future rolls and place his bets accordingly...
Of course I am not sayin Daniel is doing so! I am just stating that it would be possible for him to do so.

Some people invest into the Bankroll thinking its a sure thing... well over a long period of time that chance to make profit is failrly high, short term there can always be whales coming in and cleaning up and taking some coins away.

Bustabit is one of the fairest sites around, the way Daniel treats his players is great!

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Quote from: RHavar on July 11, 2020, 04:19:30 PM

Quote from: vbond on July 11, 2020, 03:23:29 PM

This was played by Daniel on an alternate account. Thus, he earns extra on investors.
There was a big profit. His greed is very high.

Investor returns are 13% (?) higher than expected, and have been strong enough that long-term investors have been able withdraw more than they put in while keeping a balance higher than what they put in (!).

While that certainly doesn't prove anything (after all, if he stole $1000 from investors it would barely be a rounding error) and there's probably ways to fudge the stats like pretending there's less wagered than there really is (although that's tricky, because all bets are broadcasted to all players). Anyway, it does seem like a reasonable concern, so I'd suggest you shouldn't invest (or divest if you have) but it's a bit of a leap to just make random accusation without even circumstantial evidence.

That is the thing about these accusations, not just here but generally in all of websites that people could invest into, whenever people lose money on investment (or didn't even invested but saw someone won big) they end up blaming website for playing against themselves. There are two things wrong with that statement, I think if the website plays against itself, since its provably fair, they could easily end up losing, and since they will lose to investors and not to themselves, it makes no sense to risk it like that.

Secondly, bustabit is making shit ton of money already, why.... WHY would they need something like this? This is why I believe it makes no sense. Could I prove it technically? Of course not, I can't prove that they are not doing it, but it would be pretty stupid to do it so why would they? Just common sense.

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Quote from: vbond on July 11, 2020, 03:23:29 PM

This was played by Daniel on an alternate account. Thus, he earns extra on investors.
There was a big profit. His greed is very high.

Investor returns are 13% (?) higher than expected, and have been strong enough that long-term investors have been able withdraw more than they put in while keeping a balance higher than what they put in (!).

While that certainly doesn't prove anything (after all, if he stole $1000 from investors it would barely be a rounding error) and there's probably ways to fudge the stats like pretending there's less wagered than there really is (although that's tricky, because all bets are broadcasted to all players). Anyway, it does seem like a reasonable concern, so I'd suggest you shouldn't invest (or divest if you have) but it's a bit of a leap to just make random accusation without even circumstantial evidence.

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This was played by Daniel on an alternate account. Thus, he earns extra on investors.
There was a big profit. His greed is very high.

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As a first preference I would go with the misdirection via trolling option, I do not see how he would have been serious with the notion he would consider killing himself because he ended up a couple of million of USD$ richer.

Quote from: hopenotlate on July 03, 2020, 01:46:58 AM

Been away for a bit and missed your post.

My guess is the winner disclosed their real identity ( or has established connections ) with "online friends" and when won that nice pot he made a clumsy attempt to form an alibi and break any relationship with someone he fears could claim a part of the cake for some reason that only they know.

It really doesn't make any sense the " I won so much money I don't deserve I will end my life" statement and I don't even drink the "we don't know who sits on the other side of the pc" speech : just don't withdraw or donate to charity , family , friends, do good, help the needy and so on. you can do whatever it takes to make you feel better.

Or simply he was just trolling other players.

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Quote from: Emitdama on July 05, 2020, 03:21:55 AM

Quote from: hopenotlate on July 03, 2020, 01:46:58 AM

My guess is the winner disclosed their real identity ( or has established connections ) with "online friends" and when won that nice pot he made a clumsy attempt to form an alibi and break any relationship with someone he fears could claim a part of the cake for some reason that only they know.

It really doesn't make any sense the " I won so much money I don't deserve I will end my life" statement and I don't even drink the "we don't know who sits on the other side of the pc" speech : just don't withdraw or donate to charity , family , friends, do good, help the needy and so on. you can do whatever it takes to make you feel better.

Or simply he was just trolling other players.

If we were talking about a small amount of money, all of that could be real and I would have believed it, you won 2k and feel pressured about it since it is not enough for anything? Totally understandable. But, we are talking about 2 million dollars. That is enough money to pay all your debt, buy a house, buy a place so you can rent out and have an income, help out friends, give to charity, share with family AND still have some left.

Maybe not in USA or UK, which could be a lot less things you can buy, however when we are talking about 2 million dollars that is a lot of money that you can buy happiness with. I never believed "money doesn't buy happiness" motto, I always thought "money doesn't buy happiness, it buys crazy ass happiness" because with enough money even if you feel sad, you can simply go see a doctor about it.

Money does bought happiness but i have seen many people who earned big amounts from gambling or other sources but after that they get effected into complex diseases and most of their money is spend on their treatment. Sometimes you won a big amount from crash game and on the other day your car is stolen. Incidents like these happens and that's why people say that money is not permanently yours.

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Quote from: hopenotlate on July 03, 2020, 01:46:58 AM

My guess is the winner disclosed their real identity ( or has established connections ) with "online friends" and when won that nice pot he made a clumsy attempt to form an alibi and break any relationship with someone he fears could claim a part of the cake for some reason that only they know.

It really doesn't make any sense the " I won so much money I don't deserve I will end my life" statement and I don't even drink the "we don't know who sits on the other side of the pc" speech : just don't withdraw or donate to charity , family , friends, do good, help the needy and so on. you can do whatever it takes to make you feel better.

Or simply he was just trolling other players.

If we were talking about a small amount of money, all of that could be real and I would have believed it, you won 2k and feel pressured about it since it is not enough for anything? Totally understandable. But, we are talking about 2 million dollars. That is enough money to pay all your debt, buy a house, buy a place so you can rent out and have an income, help out friends, give to charity, share with family AND still have some left.

Maybe not in USA or UK, which could be a lot less things you can buy, however when we are talking about 2 million dollars that is a lot of money that you can buy happiness with. I never believed "money doesn't buy happiness" motto, I always thought "money doesn't buy happiness, it buys crazy ass happiness" because with enough money even if you feel sad, you can simply go see a doctor about it.

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Quote from: justdimin on July 02, 2020, 11:06:01 AM

Investing into a casino is not really something people can do without having a thick skin. It is not an easy thing and there are too many emotional people that have breakdowns over the volatility as well. I have seen so many people that basically said that casino is stealing money from the investors by claiming they are actually posing as customer on their own casino and win because they know something and get the investors money.

Yes, investors are sore losers just like gamblers as well some times. Which means if you are patient and you have a thick skin, there could be days someone wins 200+ bitcoins and maybe it will happen few times back to back as well? It is all a possibility since we are all doing something based on luck. All of this is not that easy but if you can wait it is a great thing over long term obviously.

Basically what people are saying about investment is the fact that there is really not much you can do but to wait, if you are in a hurry you should not do it. Plus, there is an extra with the investment as well that many people do not consider. Bitcoin is something that usually gains value, and I mean in long term it really does, rarely it ever has a lower year than previous year (even if previous year has higher highs, it also has lower lows) so that means if you hold buy bitcoin and hold it, you are going to make a profit from it. When you invest here, you are going to make a profit with that too.

So, let's assume you invest 1 bitcoin here today, you spent 9k and bought it, and now you are invested 1 bitcoin, at the end of 2 years you are going to both have 1.2 bitcoin (made up example) but also it will be like 15-16k because bitcoin goes up too.

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Quote from: JollyGood on July 02, 2020, 01:06:11 PM

If someone comes along and asks for the piece of the pie, there is absolutely no reason to share it. Granted a stressful situation might be taking place when friends and family start asking for money but nobody is bound by any reason to hand over their money to them.

Of course not!
I mean there will always be wrong people like that.
"Give me a piece of pie or I will not be your friend anymore" -> my response: "Ok Bye! With an attitude like that you were never a friend anyway."

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Quote from: JollyGood on June 18, 2020, 05:12:45 PM

How do you see this story playing out over the coming days or weeks?

Quote from: hopenotlate on June 18, 2020, 09:06:37 AM

Definitely this.

Quote from: JollyGood on June 16, 2020, 09:12:44 AM

I think that would be an extreme level to go to for a false flag style distraction. There is probably much more to this story than meets the eye but it might take a few weeks more before it all becomes known.

Been away for a bit and missed your post.

My guess is the winner disclosed their real identity ( or has established connections ) with "online friends" and when won that nice pot he made a clumsy attempt to form an alibi and break any relationship with someone he fears could claim a part of the cake for some reason that only they know.

It really doesn't make any sense the " I won so much money I don't deserve I will end my life" statement and I don't even drink the "we don't know who sits on the other side of the pc" speech : just don't withdraw or donate to charity , family , friends, do good, help the needy and so on. you can do whatever it takes to make you feel better.

Or simply he was just trolling other players.

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If someone comes along and asks for the piece of the pie, there is absolutely no reason to share it. Granted a stressful situation might be taking place when friends and family start asking for money but nobody is bound by any reason to hand over their money to them.

Quote from: xxjumperxx on June 29, 2020, 12:51:38 AM

If you lose friends and family because of it?
Say you have friends and family and everyone has their own basic salary... now they come to find out youre rich, you have won a huge lump sum of cash... Of course everyone will come up to you begging for and asking for money. Now if they are shitty friends, they will no longer want to talk to you for not sharing...
Friends you didnt even know you had will come asking for piece of the pie.

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Quote from: RealMalatesta on June 30, 2020, 11:09:50 AM

Quote from: vanfis on June 29, 2020, 02:53:07 PM

how long does it usually take to recover 2% dilution fee?

There cannot be any fixed timeframe for getting you 2% profits. I read dogecoin investments are yielding little to negative profits whereas if you invest litcoins then you may earn comparatively decent profits. But in general, in long run houses win, so if you keep your nerves down then better chances to be into green. Patience pays

.

Investing into a casino is not really something people can do without having a thick skin. It is not an easy thing and there are too many emotional people that have breakdowns over the volatility as well. I have seen so many people that basically said that casino is stealing money from the investors by claiming they are actually posing as customer on their own casino and win because they know something and get the investors money.

Yes, investors are sore losers just like gamblers as well some times. Which means if you are patient and you have a thick skin, there could be days someone wins 200+ bitcoins and maybe it will happen few times back to back as well? It is all a possibility since we are all doing something based on luck. All of this is not that easy but if you can wait it is a great thing over long term obviously.

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Quote from: fullhdpixel on July 01, 2020, 06:45:21 AM

I would say there is a change in wagering numbers time to time as well, like for example pandemic usually saw digital casinos a lot more wagering than normal, or maybe it is vacation time now and there are less people gambling, there is really not a single method to know what the wagering will be let alone what the variance will be. Only after you figure out what the wagering in the next 2 months will be like you can start to calculate which you can't, but lets say you managed to find the wagering numbers, you would still need to consider ups and downs as well in the winning/losing of the gamblers.

So, I would say best way to invest is to put it there for a year and forget about it, you want longer? Perfect, you want shorter? It is risky. Hence why RHavar is right about putting in there for months/years.

Exactly, I dont think you define it exactly...
Whales come in, leave alot of money at the site or vice versa.

I can see quite big jumps in my little investment, but these jumps can also happen when new investors join.

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Quote from: xxjumperxx on June 30, 2020, 06:38:33 AM

Like RHavar said, it will take a bit and I wouldnt check my stats daily. It will drive you crazy and make you worry! I speak from experience Wink

Just invest, dont forget about it and check every couple of weeks.
You should be in this for the long run

I would say there is a change in wagering numbers time to time as well, like for example pandemic usually saw digital casinos a lot more wagering than normal, or maybe it is vacation time now and there are less people gambling, there is really not a single method to know what the wagering will be let alone what the variance will be. Only after you figure out what the wagering in the next 2 months will be like you can start to calculate which you can't, but lets say you managed to find the wagering numbers, you would still need to consider ups and downs as well in the winning/losing of the gamblers.

So, I would say best way to invest is to put it there for a year and forget about it, you want longer? Perfect, you want shorter? It is risky. Hence why RHavar is right about putting in there for months/years.

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Quote from: shoreno on June 29, 2020, 01:00:34 AM

Quote from: xxjumperxx on June 29, 2020, 12:51:38 AM

If you lose friends and family because of it?
Say you have friends and family and everyone has their own basic salary... now they come to find out youre rich, you have won a huge lump sum of cash... Of course everyone will come up to you begging for and asking for money. Now if they are shitty friends, they will no longer want to talk to you for not sharing...
Friends you didnt even know you had will come asking for piece of the pie.

not all are gold diggers but there are those legit people that does not need money , they only need friendships .

if they found out that your rich or you won , they can also get shock and say exagerated expressions but dont judge them yet and i think you will find out thier real behavior if you will monitor them . we are going out of the real discusion guys , its better if we make seperate topic for those matter to avoid this thread getting clogged up .

Honestly that is even better? Think about it, if you suddenly have millions of dollars that doesn't mean that you have to share it with your friends, you do not have anything like that forced onto you at all, if you would like to you can share it but you don't have to. Now if your friends can't see that and stop talking to you, that means now you know that your friends do not care about you and only about your money or they never really bonded with you in a way that they cared more about you than anything else.

So, if your friends do not hang around with you because of not sharing your wealth, you can find friends who will do that instead and get to a better life. I would say this is actually quite better than the other option and once again not a reason to commit suicide at all.

Quote from: vanfis on June 29, 2020, 02:53:07 PM

how long does it usually take to recover 2% dilution fee?

There cannot be any fixed timeframe for getting you 2% profits. I read dogecoin investments are yielding little to negative profits whereas if you invest litcoins then you may earn comparatively decent profits. But in general, in long run houses win, so if you keep your nerves down then better chances to be into green. Patience pays

.

Topic: bustabit – The original crash game - page 56. (Read 61171 times)